EUR/USD The euro traded in the range of 72 points on Tuesday, having reached both target levels – upper and lower – 1.1195, 1.1265. Traditionally, a wide-range day with a relatively small close (-7 points) is a sign of the upcoming strong movement. Data on employment and retail sales in Germany, US private sector employment, […]

GBP/USD The pound sterling slightly fell short of its first goal of 1.2230 as the junction between the Fibonacci level of 161.8% and the MACD line on the daily chart. The price went above the balance indicator line, which indicates the potential for the market to grow even higher, an attempt to overcome the Fibonacci […]

AUD/USD The Australian dollar grew by 36 points as a result of yesterday’s trade, which was based on the growth of commodities, metals and basic agricultural products without a uniform movement of major world currencies, that is, against the backdrop of the inactivity of the US dollar. Continuing this situation will allow the aussie to […]

USD/JPY The dollar grew by 34 points against the yen on Tuesday, this morning the price grew by 25 points in the moment, the pair reached its first bullish target at 108.10 and sharply turned down. If this is a real reversal, then we can see the price on the support line of the price […]

AUDUSD remains inside the medium-term bullish channel and inside the trading range since the start of June. Price so far respects medium-term support and bulls are pushing price higher from the lower channel boundary. Red lines- trading range Blue lines – bullish channel AUDUSD is respecting channel support and is bouncing off the lower boundary. […]

Gold price is making new higher highs today. Price remains in bullish trend after the pull back towards $1,750. The RSI is now showing some warning signs as price is making new higher highs. The RSI indicator however is not making new higher highs as we see in the 4 hour chart. Red lines – […]

Wall Street is showing mixed dynamics today. Investors are torn between hopes of economic recovery and news of the spread of the virus. US stocks opened in negative territory, but internal statistics have improved the mood of investors who have received another batch of positive macroeconomic data. The growth in the consumer confidence index in […]

The pound paired with the dollar tested the 22nd figure for the first time in four weeks. The last time the pound was at such price bottom was at the end of last month. The downward price dynamics were primarily due to harsh statements by Boris Johnson regarding the prospects of the negotiation process between […]

Recently, Bullish breakout above 1.2265 has enhanced many bullish movements up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In the period between March 27- May 12). Shortly after, transient bearish breakout below 1.2265 (Consolidation Range Lower Limit) was demonstrated in the period between […]

Recently, Bullish breakout above 1.2265 has enhanced many bullish movements up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In the period between March 27- May 12). Shortly after, transient bearish breakout below 1.2265 (Consolidation Range Lower Limit) was demonstrated in the period between […]

On March 20, the EURUSD pair has expressed remarkable bullish recovery around the newly-established bottom around 1.0650. Shortly after, a sideway consolidation range was established in the price range extending between 1.0770 – 1.1000. On May 14, evident signs of Bullish rejection as well as a recent ascending bottom have been manifested around the price […]

On March 20, the EURUSD pair has expressed remarkable bullish recovery around the newly-established bottom around 1.0650. Shortly after, a sideway consolidation range was established in the price range extending between 1.0770 – 1.1000. On May 14, evident signs of Bullish rejection as well as a recent ascending bottom have been manifested around the price […]

The demand in greenback continues to grow amid increasing risks of the second wave of the COVID-19 pandemic in the world. According to the World Health Organization, the peak of the incidence rate is only ahead, and much will depend on how well-coordinated the actions of the governments of states aimed at a common victory […]

Minor operating scale (Daily time frame) The July battle of the metals: analysis of possible price movements from July 1st You can look through the previous review: Gold & Silver analysis, a four-hour time frame from June 24th, 2020 Spot Gold From July 1st, 2020, the spot gold price will depend on the price direction […]

FXTM Senior Research Analyst, Lukman Otunuga, rounds up all the key market events for this week and pinpoints what traders might be looking out for, including: • Another volatile quarter for markets • US jobs report under the spotlight • #GBPUSD under pressure • #Gold to challenge $1800? For more Market Analysis read the latest […]

FXTM Senior Research Analyst, Lukman Otunuga, rounds up all the key market events for this week and pinpoints what traders might be looking out for, including: • Another volatile quarter for markets • US jobs report under the spotlight • #GBPUSD under pressure • #Gold to challenge $1800? For more Market Analysis read the latest […]

This morning, the value of safe currencies showed a downward correction. The reason for this was the positive statistics on economic growth coming from different regions, which becomes evidence of the recovery from the crisis associated with the coronavirus pandemic. All this has a positive impact on risky assets, which are beginning to gain popularity […]

Apple’s stock reached a new all-time high of 372.16 last week, continuing its monster bull run above a three-month upside support line and above all its simple moving averages (SMAs), which are also sloping upwards. Momentum oscillators endorse the positive picture. The RSI is well above 50 and is pointing higher, while the MACD – […]

Apple’s stock reached a new all-time high of 372.16 last week, continuing its monster bull run above a three-month upside support line and above all its simple moving averages (SMAs), which are also sloping upwards. Momentum oscillators endorse the positive picture. The RSI is well above 50 and is pointing higher, while the MACD – […]

Technical outlook: US Dollar Index might have carved a meaningful bottom around 95.72 levels on June 10, 2020. The index has rallied since then and is seen to be trading around 97.64 levels at this point in writing. The recent boundary that is being worked upon is between 96.40 and 97.80 respectively. Please note that […]

Technical outlook: US Dollar Index might have carved a meaningful bottom around 95.72 levels on June 10, 2020. The index has rallied since then and is seen to be trading around 97.64 levels at this point in writing. The recent boundary that is being worked upon is between 96.40 and 97.80 respectively. Please note that […]

As markets grapple with the real threat of escalating virus cases derailing the global economic recovery, the risk-sensitive Australian dollar will be keeping an eye on a number of indicators out of Australia and China this week. The Caixin/Markit manufacturing PMI due from China on Wednesday (1:45 GMT) and Australian retail sales figures out on […]

EURCHF today encountered heavy resistance from the 100-period simple moving average (SMA) residing at the Ichimoku cloud’s upper band at 1.0700. As a result the price has retreated back below the 200-period SMA and has strengthened a short-term neutral-to-negative picture. The Ichimoku lines reflect the somewhat recent edging sideways in the price, while the short-term […]

Corona virus summary: Most visitors from the US are set to remain banned from entering the European Union because of the country’s rising infection rate in a move that risks antagonising Donald Trump. In an attempt to save the European tourism season, a list of 15 countries from where people should be allowed into the […]

Tuesday began with a fall in benchmark oil prices. The drop was triggered by fears of the second wave of the coronavirus that could be caused by the restrictions weakening. More than 10 million people in the world were infected with COVID-19. Around 500 thousand people died. The United States is still the country with […]