EUR / USD On June 25, the EUR/USD pair has lost around 40 basis points, but has not violated the current wave counting, which involves the construction of an upward wave of 5 in C in B. Until a successful attempt to break through the minimum of wave 4, the current one will remain unchanged. […]

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GBPJPY has calmed just under the 50-day simple moving average (SMA) after the price reversed from the 139.72 mark back below the SMAs, thus reverting the pair to the previous neutral structure. Although the negative tone in the 50- and 100-day SMAs is intact, the sideways lingering in the former and the flattened state of […]

GBPUSD has been making tiny steps within the 1.2400 area in the four-hour chart over the past two days, sending an early warning that some volatility, or a more noticeable move, may soon emerge in the market. Technically, there are several reasons to believe that a downside correction is more likely to occur. First, the […]

Investors ignore a litany of bad news, push stocks higher on deregulation hopes But FX retains a more cautious tone, dollar holds onto gains as US cases hit new record Texas and Florida “pause” their re-opening plans Rebalancing flows heading into quarter end could bite markets Stocks and dollar focus on different narratives The epic […]

Good afternoon traders! A trading idea for the USD / CAD pair. For the last 2 weeks, the quotes of the USD / CAD pair were trading within the values 1.35 and 1.356500. However, on Tuesday, a false breakout occurred on the lower border of the range: Open long positions to increase the pair and […]

Gold price is trading at $1,761 level and it continues to move sideways on the H4 chart. The price tries to collect more bullish energy before it jumps higher in the short term. Technically, the minor drop was somehow expected after the last rally, so the retreat could give us another chance to catch the […]

Repeated attempts by the European currency to dominate the EUR/USD pair have so far been unsuccessful. From time to time, the euro breaks ahead, but the demand for the dollar has grown amid the flight of investors into protective assets, and remains to be in lead again. Experts record the next “tug of war” between […]

The Federal Reserve has imposed new restrictions on the US banking industry. According to the Fed, major banks will be forced to limit dividend payments and stop the repurchase of shares. Dividends will be paid according to a formula tied to the latest bank earnings. In addition, for the first time in ten years, all […]

Forecast for June 26: Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1289, 1.1254, 1.1232, 1.1183, 1.1154, 1.1132, 1.1071 and 1.1029. Here, we are following the formation of the descending structure of June 23. The continuation of the downward […]

USDCAD is showing signs of bottoming. Price has recapture key Fibonacci level and could move higher over the coming weeks. What are the key levels to watch out for and how much higher can we go? Black lines – Fibonacci levels Red rectangle – key support Blue rectangle – resistance USDCAD has closed the gap […]

The minor sideways consilidation, we have seen over the last week is now coming to an end and we should soon see EUR/GBP break above minor resistance at 0.9085 for the next push higher to 0.9183 and ultimately higher to 0.9485 as a minimum is in wave iii. Support at 0.9000 should be able to […]

USDCAD came close to break the 23.6% Fibonacci retracement level of the down leg from 1.4668 to 1.3310, around 1.3635, several times in the preceding week without success. Still, it managed to hold above the 200- and 20-day simple moving averages (SMAs). The market could retain the range-bound trading in the short-term as the RSI is standing near its 50 neutral […]

AUDUSD is moving sideways the last couple of sessions. However Daily trend remains bullish and price has not broken out of the medium-term bullish channel. Price is inside a short-term trading range created the last two days. An exit off this trading range will show us the way. Blue lines – bullish channel Red lines […]

Technical Market Outlook: The EUR/USD pair has bounced from the lower channel line around the level of 1.1200, but the bounce was short-lived. The bearish pressure is still present on chart, so bulls did not violate the nearest technical resistance located at the level of 1.1236. Any violation of the level of 1.1236 makes the […]

The sideways consolidation in EUR/JPY is now meeting strong support in form of the support-line from the 114.40 low, this should be able to push EUR/JPY higher towards the next target seen near 121.83 and 124.83 as wave 3 evolves. Short-term support is seen in the 119.90 – 120.00 area, which we expect will continue […]

EURUSD has pulled back towards 1.12 and is now trading below key Fibonacci support. This is a bearish sign. Bulls need to recapture the 1.1230-1.1250 level otherwise bears will remain in control of the short-term trend and we could see much more selling pressures next week. Black lines – Fibonacci retracement levels Blue rectangle – […]

Technical Market Outlook: The GBP/USD pair has mover towards the technical support located at the level of 1.2406 and made a local low at the level of 1.2388. It looks like the rally to the north was corrective in nature and the break out from the channel zone was false, so the price is now […]

Gold price has pulled back as expected once it reached our target of $1,780. Our previous analysis mentioned the increased chances of a pull back towards $1,750 which was short-term support. Price remains in bullish trend and has so far fulfilled our pull back target. Red lines – equal upward legs Blue lines- bullish channel […]

Crypto Industry News: The Italian Banking Association (ABI) has revealed that it wants to support the implementation of the digital currency from the European Central Bank. According to information on the ABI website, the association approved guidelines governing its position on the digital currency and digital currencies of the central bank (CBDC). ABI – representing […]

The table above shows the latest coronavirus statistics from around the world. According to the data, a sharp increase in the pandemic was observed. This suggests that a second wave may have started (the third if we count the first wave in China in January-February). As we can see, both the US and Brazil saw […]

Crypto Industry News: A terrorist organization known as the Islamic State of Iraq and Syria, or ISIS, is beginning to switch to Monero to accept donations from the public. As the intelligence company Whitestream reports, an information website related to the terrorist organization and the jihadist movement updated its donations page on June 21 to […]

Investors continue to ignore the positive data coming out of Europe and the US, which point to the emerging bottom after a strong decline in economic activity against the backdrop of a coronavirus pandemic that forced previously economically developed countries to quarantine. The reason for this is an increase in the number of COVID-19 infections […]

The US currency could not develop a bullish trend yesterday: despite the impulsive growth, the dollar index did not leave the range of 96.6-97.5, within which it has fluctuated since June 11, that is, for two weeks already. Yesterday’s attempt at a breakthrough was unsuccessful – dollar bulls did not even go to the upper […]

The growth of the previous two days allowed the formation of the “absorption pattern” of the two-day level. This may become the first step for further growth if the price is kept above the Weekly Control Zone 1/4 106.63-106.56. It is important to note that the average weekly control zone was reached yesterday, which caused […]