Technical Market Overview: The GBP/USD pair has almost tested the technical resistance at the level of 1.2747 as the local high was made at the level of 1.2742 before the Bearish Engulfing candlestick pattern was made and the price reversed. Currently, the market is testing the nearest technical support at the level of 1.2683 in […]

EUR/USD As we expected in the last review, the euro did not have enough fuse to reach the target level of 1.1324. The price very quickly returned below the internal line of the price channel, which formed, albeit weak, but the divergence of price with the Marlin oscillator on the four-hour chart. Losses were capped […]

EUR/USD As we expected in the last review, the euro did not have enough fuse to reach the target level of 1.1324. The price very quickly returned below the internal line of the price channel, which formed, albeit weak, but the divergence of price with the Marlin oscillator on the four-hour chart. Losses were capped […]

GBP/USD On the daily chart, the British pound did not reach the price channel line slightly (a target of 1.2756). Due to the rapid price drop in the evening, the signal line of the Marlin oscillator also did not reach the border line with the territory of the bulls. To further reduce the price, it […]

GBP/USD On the daily chart, the British pound did not reach the price channel line slightly (a target of 1.2756). Due to the rapid price drop in the evening, the signal line of the Marlin oscillator also did not reach the border line with the territory of the bulls. To further reduce the price, it […]

Since January 19th, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200 allowing further bullish advancement to occur towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15. For Intraday traders, the price […]

On March 29, a visit towards the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) could bring the GBPUSD pair again towards the upper limit of the minor bearish channel around (1.3160-1.3180). Since then, Short-term outlook has turned into bearish with intermediate-term bearish targets projected towards 1.2900 and 1.2850. On […]

No matter which way, but it seems that Donald Trump has achieved his goal. Long resisted by Jerome, Powell saw the need for a rate cut. Members of the Federal Reserve are closely watching the recent escalation of trade friction and will react if the economic situation in the country deteriorates, the head of the […]

The GBP/USD pair keeps a positive attitude and is trading near weekly highs at 1.2720 against the background of easing pressure from the dollar and the release of strong UK statistics. The May release on PMI was published today. It is a key release for the British economy in the services sector. The indicator unexpectedly […]

The focus of attention this week is the next meeting of the European Central Bank (ECB), which will take place tomorrow. Amid growing concerns about the global economic slowdown due to the US-China trade war, investors have no choice but to wait for new signals from the ECB for a weaker monetary course, as well […]

The rise of the dollar was expectedly stopped by the Fed. The currency has updated the seven-week low against the backdrop of rising expectations of interest rate cuts in response to the risks associated with trade conflicts. Fed Chairman Jerome Powell did not make hints, and specifically promised that the regulator will respond “appropriately” to […]

For the first time since April, the euro-dollar pair has been testing the 13th figure, thereby indicating new price horizons. True, the attack ended in failure – the price quickly moved away from two-month highs, returning first to the opening level, and then completely updating the low of the day. Nevertheless, the euro still looks […]

4-hour timeframe The amplitude of the last 5 days (high-low): 59p – 60p – 86p – 63p – 72p. Average amplitude for the last 5 days: 68p (64p). The British pound sterling continues to grow at a very sluggish pace against the US currency. Jerome Powell’s words yesterday that the US economy may need to […]

4-hour timeframe The amplitude of the last 5 days (high-low): 49p – 27p – 45p – 102p – 50p. Average amplitude for the last 5 days: 55p (52p). The third trading day of the week went well for the European currency. Since May 30, the euro‘s non-stop growth continues, which has not yet been interrupted […]

The data on the eurozone services sector provided little support to the euro and instilled confidence in traders in continuing the upward trend, but the inflation and retail sales report quickly returned the market to its morning opening levels. According to the final Markit report, the PMI Purchasing Managers Index for Italy was 50.0 points […]

Bearish sentiment for stocks (in particular the NASDAQ) this week became its most extreme since the December low. At the same time, optimism toward Bonds matched its highest level of the year. Prices for each moved significantly after these prior incidences. To see what this means for these markets NOW, check out our new Short-Term […]

EURUSD made a break above 1.1260 horizontal resistance but the current 4 hour candle is a bearish one indicating a false break out. This is a bearish sign. Bulls need to retake 1.1250-1.1260 otherwise they will be in trouble. Red lines – medium-term bearish channel Blue rectangle – resistance Green rectangle – support Despite breaking […]

Since January 19th, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200 allowing further bullish advancement to occur towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15. For Intraday traders, the price […]

On March 29, a visit towards the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) could bring the GBPUSD pair again towards the upper limit of the minor bearish channel around (1.3160-1.3180). Since then, Short-term outlook has turned into bearish with intermediate-term bearish targets projected towards 1.2900 and 1.2850. On […]

GBP/USD has been trading upwards. Anyway, the wedge formation is still bulding and it is question of the time when we may see sell off. Our advice is to watch for potential selling opportunities. The final destination is 1.2560. White lines – Rising wedge Red horizontal line lower – Downward projection 1.2560 GBP/USD has been […]

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Gold has been trading upwards as we expected. The price tested the level of $1.343 and it is near our second upward target from few days ago at $1.345. Careful with longs at this stage since the potential resistance is there. It is good time to take some profit from your longs. Yellow rectangle – […]

BTC price has been trading downwards as we expected. The price reached our downward target at $7.416 and it rejected. Anyway, we are still expecting more downside on BTC due to strong downward momentum in the background. Blue rectangle – support $7.416 Punc rectangle- Downward target and support $7.000 BTC did reject of the support […]

BTC price has been trading downwards as we expected. The price reached our downward target at $7.416 and it rejected. Anyway, we are still expecting more downside on BTC due to strong downward momentum in the background. Blue rectangle – support $7.416 Punc rectangle- Downward target and support $7.000 BTC did reject of the support […]

To open long positions on GBP/USD, you need: Despite the good data on the service sector, as well as the fact that the buyers of the pound managed to stay above the support of 1.2697 in the first half of the day and even formed a false breakdown on it, it did not allow to […]