The BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $8.312 and met my yesterday’s targets. Over the course of the past few weeks, cryptocurrency prices have been dropping in value. However, online interest is another trend plunging as well within the digital currency realm as Google Trends searches […]

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.2290. Anyway, according to the 30M time frame, I found a fake breakout of yesterday’s low at the price of 1.2260, which is a sign that selling at this stage looks risky. I also found a hidden bullish divergence on the […]

GBP/JPY is expected to trade with a bullish outlook. The pair is trading above both uprising 20-period and 50-period moving averages, which play resistance roles and maintain the downside bias. The relative strength index lacks downward momentum. To sum up, as long as 146.90 is support, look for a return to 148. A break above […]

Recently, GOLD has been trading downwards. The price tested the level of $1,316.50. According to the 30M time frame. I found a bullish breakout of the falling wedge, which is a sign of strength. I also found a fake breakout of yesterday’s low at $1,318.90 and a hidden bearish divergence on the moving average oscillator, […]

Recently, GOLD has been trading downwards. The price tested the level of $1,316.50. According to the 30M time frame. I found a bullish breakout of the falling wedge, which is a sign of strength. I also found a fake breakout of yesterday’s low at $1,318.90 and a hidden bearish divergence on the moving average oscillator, […]

Morning Report: 07.00 London This morning, momentum remains with the dollar index following the announcement of historic talks between Trump and Kim Jong Un in North Korea. The dollar index is unchanged following yesterday’s bumper rally on the hope of a lasting peace and an end to Nuclear ambitions in North Korea. The dollar pairs […]

NZD/USD is expected to trade with bullish outlook. Although the pair posted a rebound and broke above its 20-period average, it is still capped by the upward 50-period moving average. The relative strength index is below its neutrality level at 50. Hence, as long as 0.7245 is not surpassed, look for a further upside targets […]

It will be a relatively quiet week in terms of economic data over the next seven days, with the exception of the United States where inflation and retail sales figures will attract plenty of attention. The schedule for central bankers will also be lighter but not totally void as the Swiss National Bank holds a […]

Talks of a trade war have been dominating headlines in recent days, with investors being spooked that the latest US tariffs could spark retaliation from other major economies. The “good news” is that recent price action has given us a taste of what to expect in financial markets should the situation escalate from here. Blink […]

GBPJPY is creating a bullish recovery over the last sessions after it hit a 6-month low near the 145.00 psychological level. The prices jumped above the 20 and 40 simple moving averages in the 4-hour chart and are standing below the 148.00 handle. As a side note, the pair has been holding within a narrow […]

Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated upcoming bearish reversal. As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why, further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident signs of […]

Here are the latest developments in global markets: Forex: Trump’s decision to exempt the US’ close trade allies Canada and Mexico from hefty import tariffs on steel and aluminum yesterday, while leaving the door open to other countries, and the announcement that he has accepted the invitation to meet the North Korean leader, Kim Yong Un, continued to support […]

USDMXN is extending its declines for the sixth straight day, hitting an 11-day low of 18.5853 earlier on Friday. The RSI has moved below the 50 neutral-perceived level and continues to decline. This is indicative of bearish short-term momentum for the pair. Additional losses could meet support around the current level of the 200-day moving […]

Here are the latest developments in global markets: Forex: The Yen was recording significant losses versus other major currencies on the back of elevated risk sentiment spurred by a possible meeting between US President Donald Trump and North Korea’s Kim Jong Un. STOCKS: US markets closed higher on Thursday, as the imposition of “watered down” […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100-1.2200 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

USDCAD is trading sideways after the aggressive buying interest that was created following the rebound on the 1.2250 support level. The pair hit an eight-month high near the 1.3000 critical psychological level and successfully surpassed the 50.0% Fibonacci retracement level at 1.2930 of the downleg from 1.3800 to 1.2060. However, currently, the price action has slipped below the aforementioned […]

Boeing is outperforming major US benchmarks so far in 2018, being up by an impressive 17.7% year-to-date. However, the company’s outlook might get grimmer given than a significant proportion of its clients come from outside the US, with the firm being at risk of facing sanctions should trade tensions get out of control, leading to […]

Since its deep fall towards four-month lows in early February, the Japan 225 stock has been going back and forth below the 50% Fibonacci retracement of its long way down from 24191 to 20547, creating a base around the 200-day simple moving average line (SMA). The technical picture supports that the range bound is likely to […]

Overview: The daily pivot point is seen at the price of 0.9438. The USD/CHF pair will probably continue rising from the level of 0.9438 in the long term. It should be noted that the support is at the level of 0.9438 which represents the daily pivot point on the H4 chart. The bias remains bullish […]

GOLD PRICES bounced late-Friday to end the week unchanged per ounce after the United States reported the strongest jobs growth in 19 months.   Rallying to $1323 as London trade ended, the gold price had earlier slipped to 7-session lows at $1314 after Donald Trump became the first US president to announce a meeting with […]

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GOLD and Silver TRADING in London’s wholesale bullion market saw prices hold firm in everything but the single Euro currency on Thursday as the European Central Bank dropped a commitment to boost its QE stimulus if the economic or financial outlook worsens.   platinum prices also fell hard against the Euro as the ECB cut […]

GOLD price is making higher highs and higher lows in the 4-hour chart and is breaking above the Kumo. Trend is turning bullish. Medium-term trend is neutral as price remains inside the Daily Kumo and still inside the $1,350-$1,310 trading range. Price is above the 4-hour Kumo. Support is at $1,322-16. Resistance is at $1,340. […]

USDJPY is hovering around the 106.00 handle as it refused for the second day in a row to jump above the 61.8% Fibonacci retracement level at 106.47of the upleg from 99.00 to 118.60. When looking at the bigger picture the pair is creating a bearish trend as it slipped below the trading range within 108.20 […]

USD/CHF is expected to trade with a bullish outlook. The pair edged higher last night. Currently, the prices are consolidating above both rising 20-period and 50-period moving averages, which maintain the upside bias. The relative strength index stands firmly above its neutrality level at 50 and lacks downward momentum. The U.S. dollar was little changed […]