According to CoinMarketCap, BITCOIN failed to recover after experiencing a 6.5% drop on Tuesday, now trading below $8,000. It is very likely that a global risk-off sentiment in the markets continues to put pressure on cryptocurrencies. It is worth looking at how the market is likely to react, should BTC reach the recent low of […]

The US 30 index has come under renewed selling pressure, falling back below its 100-day moving average (MA), but remaining slightly above the 200-day MA. Despite the latest pullback though, the index has not posted a fresh lower low, which makes one hesitant to trust further declines for now. Moreover, the price rebounded after it […]

Crude Oil prices declined on Wednesday, with West Texas Intermediate (WTI) trading below $65 and Brent back below $70 per barrel. The drop came in response to a surprise inventory build in the American Petroleum Institute (API) data released on Tuesday, that reported a 5.3-million-barrel rise in crude stocks. Last week, crude had seen an […]

Here are the latest developments in global markets: Forex: Dollar/Yen managed to pick up speed, rising to 105.84 (+0.49%) despite worries that tensions between the US and China could escalate again. The rise came after Trump tweeted that the meeting between the North Korean and the Chinese leaders “went very well” and that the former was “looking […]

GOLD BULLION again dipped to $1340 per ounce Wednesday morning in London and Silver prices also re-touched their lowest since Friday as world stock markets extended yesterday’s 1.7% drop in US equities.   Commodity prices fell for a second day as US bond prices jumped again, pushing the yield offered by 10-year US Treasury debt […]

The share price of Facebook Inc has fallen by around 18% from its all-time high of $195.32 in late January as the company falls out of favour with investors following the data privacy scandal engulfing the social media giant. The revelation that Facebook was responsible for a breach of its user data and the subsequent […]

Germany’s preliminary inflation data for March are due for release on Thursday, at 1200 GMT. Forecasts point to an acceleration in price pressures for Eurozone’s largest economy, which would undoubtedly be pleasant news for the European Central Bank (ECB) as it prepares the ground for an unwinding of stimulus that is likely to take place […]

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.4133. According to the 1H time – frame, I found strong rejection from the lower band, which is a sign that sellers got “too short”. I also found oversold conditions on the stochastic oscillator and rejection of Fibonacci retracement 50% at […]

Recently, GOLD has been trading downwards. As I expected, the price tested the level of $1,338.54. According to the 4H time – frame, I found that the supply trendline in the backgorund held successfully, which is a sign that sellers are in control. I also found overbought RSI oscillator, which is another sign of weakness. […]

The GBPUSD pair broke out of its broadening wedge pattern on the 13th of March and retested the trend line in Blue on the 16th, setting up a move higher to 1.42445. This level was tested twice on Monday, with the price falling back to the 1.40675 level. The pair moved higher yesterday, helped by […]

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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

EUR/JPY A bullish signal (“buy” signal) has already been generated on this cross. Price rallied massively yesterday, rising from the demand zone at 129.50, and ramming into the supply zone at 131.50. However, a correction was experienced at that level. Further bearish correction would result in invalidation of the bullish signal. A Bullish Confirmation Pattern […]

USD/JPY There is a rally on the USD/JPY; in the context of a downtrend, but that was not significant enough to threaten the overall bearish bias on the market. A movement above the supply level at 106.50 would cause a bullish bias to be threatened, but that would require a strong buying pressure. A movement […]

USD/CHF Since a bearish signal was generated on the USD/CHF, the price has moved in a ranging mode. When volatility resumes, the price would move lower and lower again, reaching the support levels at 0.9400 and 0.9350. A stronger movement is anticipated before the end of this week, which could overturn the current scenario. There […]

Analysis of 3 key signals in Q1 2018’s GOLD price action…   THANKS to Good Friday, this week ends early for gold investors and traders, writes Adrian Ash at BullionVault.   Like pretty much all of the Western world’s bond and stock markets, the London gold market – center of the global wholesale trade – […]

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This March, XM started a new series of trading seminars in Thailand, the first two event locations of which were Phitsanulok on 17th March and Hat Yai on 24th March. In both Thai cities Forex instructor Sompop Jittrakul presented the seminar topic titled The Moving Average Ribbon Technique, with special respect to how this Technical […]

Here are the latest developments in global markets: Forex: The dollar was flat relative to a basket of currencies on Wednesday after adding 0.3% the previous day. Developments on trade were once again on the forefront and are likely to determine the short-term direction in the currency markets. STOCKS: US markets closed significantly lower on […]

It seems that Russian legislation has been looking for the right regulatory approach for cryptocurrencies for a long time. This time, concepts such as “digital money” or “digital rights” appear in the draft new legislation. The new law, apart from tax issues, would also define cryptocurrencies as a subject in matters of inheritance or bankruptcy. […]

Yesterday’s US Dollar rally is not continuing in Asia, but the swing of sentiment continues. USD / JPY managed to recover from 105.30 to 105.60, AUD is slightly stronger, although AUD / USD did not manage to exceed 0.77. The stock market is sunk in red; GOLD is red as well, but Crude Oil is […]

The Dollar index made a strong spike up yesterday, but trend remains bearish. Bulls have a lot of work ahead of them in order to change at least short-term trend. Their first obstacle is at 90.20. Red line – resistance trend line Short-term resistance is at 89.63 yesterday’s highs and next is the cloud resistance […]

GOLD price as expected has pulled back and got rejected at the resistance area. As explained in our previous analysis, Gold price was expected to move lower towards $1,320-30 area. I believe the pull back has started. Gold price is making lower lows and lower highs and is breaking below the 4-hour kijun-sen (yellow line […]

Technical outlook: The EUR/USD pair rallied past 1.2475 levels before reversing sharply later during the day. If you have kept track of the proceedings this month, we had always presented an alternative scenario since 1.2240/50 levels indicating a probability of an interim lower high below 1.2555 levels before the pair could reverse lower again. The […]

BITCOIN has been quite indecisive recently having a daily candle close with a bullish gain below $8,500 price area. There have been no high impact fundamentals on Bitcoin recently. As a result, the price is now going through a corrective phase with indecision. The Bitcoin market is currently marked with low liquidity and expected to […]

EUR/AUD has been non-volatile with the bullish trend which did not have much deeper pullbacks along the way. Despite having worse economic reports EUR sustained its bullish momentum against AUD which does explain the weakness of AUD in comparison to EUR in the process. Recently EUR German Import Prices report was published with decrease to […]