BITCOIN (BTC) has been trading upwards. As I expected, the price tested the level of $11.120. With Australia set to introduce new legislation that will empower authorities to monitor and regulate the activities of cryptocurrency traders, many analysts are anticipating that the country’s bitcoin investors will face a crackdown from the the country’s tax office. […]

Recently, the USD/JPY pair has been trading downwards. The price tested the level of 105.30. According to the 30M time – frame, I found a series of lower highs and lower lows, which is a sign that sellers are in control. I also found a suply trendline, which is holding well. My advice is to […]

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.2322. According to the 30M time – frame, I found successful rejection of the lower diagonal of the upper channel, which is a sign that buyers are in control. I also found a hidden bullish divergence on the moving average oscillator, […]

The upcoming weekend promises to be an eventful one for European assets. On Sunday, while Italians head to the polls to elect their new leader, Germans will find out whether they have a new government, as the SPD party will announce if its members have approved another “grand coalition” with Merkel’s conservatives. The party’s decision […]

BITCOIN has been quite impulsive with the bullish gains as expected, which is currently residing at the edge of $11,000 price area. Due to the diversification of liquidity from the Bitcoin market to other ICO’s and investments, Bitcoin growth has been quite slow but steady and sustainable gains is taken positively in the market currently […]

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, a further decline was expected towards 0.6800 (Reversal pattern bearish target). Evident signs of […]

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. […]

Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.

GBPJPY has been plunging sharply lower since Thursday and reached a more than a 5-month low of 145.40. The pair completed the fourth red day in a row following the significant pullback on the 150.00 psychological level. When looking at the bigger picture the price is creating a bearish correction and fell below the 23.6% Fibonacci retracement level […]

Overview: The trend is still trading around the pivot point (0.7231). Last days, the NZD/USD pair continues to move downwards from the level of 0.7336. This week, the pair fell from the level of 0.7336 to the bottom around 0.7230. Today, the first resistance level is seen at 0.7256 followed by 0.7336, while daily support […]

Overview: The trend is still trading around the pivot point (0.7231). Last days, the NZD/USD pair continues to move downwards from the level of 0.7336. This week, the pair fell from the level of 0.7336 to the bottom around 0.7230. Today, the first resistance level is seen at 0.7256 followed by 0.7336, while daily support […]

NZD/USD has recently rejected off the 0.7260 price area with a daily candle which is expected to push the price much lower in the coming days. Recently NZD has been quite positive with the economic reports which helped the currency to gain impulsive momentum against USD in a strong bearish trend since 0.7450 area. Today […]

NZD/USD has recently rejected off the 0.7260 price area with a daily candle which is expected to push the price much lower in the coming days. Recently NZD has been quite positive with the economic reports which helped the currency to gain impulsive momentum against USD in a strong bearish trend since 0.7450 area. Today […]

Our all downside targets which we predicted in previous analysis have been hit. The pair remains under pressure below its descending trend line. The nearest key resistance at 1.3790 should limit any upward attempts. Besides, the relative strength index is mixed to bearish. Hence, as long as 146.50 is not surpassed, look for a new […]

Overview: The USD/CHF pair didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 0.9594 or higher. The USD/CHF pair will continue rising from the level of 0.9342 in the long term. It should be noted that the support is established at the level […]

Our downside targets which we predicted in our previous analysis have been hit. The price rebounded from the exact second target which we predicted and now expected to trade upside. The pair remains supported by its rising trend line and is now challenging its key resistance at 0.7270. The 20-period moving average has reversed up […]

Risk-off sentiment returned to the markets yesterday, as the White House’s announcement of tariffs on industrial metals sent US stocks falling, creating lower lows. The US 30 Index broke below the 24589.00 level, which was the low of the 22nd of February. However, the price is currently finding support at the Blue supporting trend line […]

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2018 is turning out to be an interesting year, and one that will be consequential for the financial markets. The year started with the unravelling of the cryptocurrencies market, with the main assets falling by more than 50%. Then, the global financial markets started to fall, proving that the markets could still fall. Then, United […]

Here are the latest developments in global markets: Forex: The dollar declined versus a basket of currencies on Thursday after previously rising to a six-week high. Negative momentum for the US currency, which came on the back of a trade tariff decision by the US administration, is carrying through into today’s trading, with losses being […]

Here are the latest developments in global markets: Forex: The dollar declined versus a basket of currencies on Thursday after previously rising to a six-week high. Negative momentum for the US currency, which came on the back of a trade tariff decision by the US administration, is carrying through into today’s trading, with losses being […]

The Dollar index remains in a bullish trend as price remains above the 4-hour Kumo. Price is making higher highs and higher lows. Price reached the 38% Fibonacci retracement resistance and got rejected. Blue line – support Black line – resistance The Dollar index broke above the black resistance but also got rejected at the […]

J. P. Morgan Chase added the cryptocurrency segment to the “Risk Factors” section in its annual report to the US Securities and Exchange Commission (SEC), yesterday. The annual report mentions cryptocurrencies in the “Competition” section, describing how new competitors threatening the activities of J.P. Morgan: “Both financial institutions and their non-bank competitors face the risk […]

GOLD price broke to new lows yesterday and reached $1,302. However price held above $1,300 where the lower cloud boundary in the daily chart was and price bounced as Dollar weakened. Gold price is still trading below the 4-hour Ichimoku cloud. Resistance is at $1,331. Support at yesterday’s lows. Price is making lower lows and […]

The beginning of the month is a continuation of sell-off on the stock exchanges. Their beneficiary, however, is not the US Dollar, but Japanese Yen. The reason is the yesterday’s appearance of Trump, in which he announced the introduction of high tariffs on aluminum and steel. Such postulates, of course, raise legitimate concerns about the […]