All posts by Alex Bullbearg

USD/JPY Daily technical analysis

Alex Bullbearg

After the publication of data on initial applications for benefits, which were lower than expected, the USDJPY was fixed above the support level of 119.80, however, the desired results are not shown. The dollar weakened instantly. If we talk about the long term, it is necessary to wait until the price will be confident enough to overcome a horizontal range of 119.40-120.28. more…

EUR/USD Daily Technical Analysis

Alex Bullbearg

As the graph shows, the growth of the currency pair has been going on for three days. Negative statistics across the United States continue to disappoint traders betting on the decline. On Wednesday, it was possible to observe a negative Industrial Index from the US Federal Reserve on Thursday, everyone was waiting for data on the labor market, which also proved to be unsatisfactory, and also – Lockhart’s statement about caution to an early increase of interest rates. Publication is scheduled for today Core Consumer Price Index, perhaps this news will positively affect the US dollar. more…

EUR/GBP Daily technical analysis

Alex Bullbearg

Currency pair showed the correction movement going beyond sustainable uplink, the formation of which occurred at the beginning of last month. Continuation of corrective movement is still possible, despite the decrease in the intensity of support near 0.7225. Today, traders will focus their attention on the interest rates for the pound and the accompanying statement of the Bank of England, which could easily reverse the underlying sentiments in the market. more…

GBP/USD Daily technical analysis

Alex Bullbearg

As far as we can see on the chart, there was an obvious figure of “triangle”, many traders can mistakenly think that this figure is fulfilled towards “hypotenuse”, however, drawing on my experience, I can say with confidence that it not absolutely exactly. The figure can fulfill in any direction therefore I suggest to place pending orders on both sides, SELL STOP at the level of 1,4850, BUY STOP at the level of 1,5000, the figure is considered fulfilled passing 75% of the basis of “triangle”. It is also possible to trade inside of figure, the trade corridor is clearly visible on chart. Successful trade to all! more…