AUDCAD is rising aggressively over the last hourly session and is ready to attempt the 0.9900 psychological level. The price is heading for a re-test of the 0.9910 barrier and if it jumps above it, it would confirm the recent scenario for further gains. When looking in the short-term timeframe, the pair has been developing within […]

GOLD PRICES rallied $5 per ounce from Friday’s $20 drop in London trade on Monday, rising to $1335 against a stronger US Dollar as a sell-off hit world stock markets for the 5th time in 6 trading days.   With former Fed governor Jerome Powell today replacing Janet Yellen as chair of the world’s single […]

The UK’s FTSE 100 share index fell to its lowest level in two months as global equity markets plummeted amid worries about inflation and rising bond yields. On Monday, the index was on track for its fifth day of losses. This is the longest losing streak since November. The weakness in global equity markets was […]

GOLD is trading higher in the last few hours, following the strong rebound on the 1327 support level and successfully surpassed the 23.6% Fibonacci retracement level at 1335 of the last big upward movement with the low of 1236 and the high of 1366. In the 4-hour chart, the technical indicators seem to be turning positive. The […]

In the beginning of the week, market attention will be focused on central bank meetings. On Tuesday, the decision on the level of money costs will be taken by the Reserve Bank of Australia (RBA), which, according to the market consensus, should maintain the main interest rate at the level of 1.5%. On Wednesday, the […]

The Eurozone PMI Composite for January was released at the level of 58.8 points in January and the PMI Services came out in at the level of 58.8 points. This strong optimism reflects the strong economic performance that the Eurozone is experiencing, which continues to be broad-based and still expected to continue within next months. […]

The German index has been forming a broadening pattern over the last few months. The bottom of this pattern has been tested, with the price holding above the trend line at present despite a move below overnight. The 200-Day Moving Average is located just above the price at 12700.00. Further resistance is at 12809.40 and […]

Here are the latest developments in global markets: Forex: The dollar index was little changed on Monday, last trading near the 89.10 level. Sterling/dollar was down more than 0.2%, pressured by the softer-than-anticipated UK services PMI for January. Dollar/Yen fell nearly 0.3%, as the broader risk-off sentiment in equity markets strengthened the yen, which is typically […]

BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $7.555. Several Central Asian countries have taken steps to embrace cryptos one way or another. Kazakhstan, Kyrgyzstan, and Uzbekistan are some of the less conspicuous former Soviet republics, but now they are starting to appear on the crypto radar. With […]

Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.

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

The British Pound was caught by the spirit from the height at which it managed to climb. Having reached the maximum mark since the referendum on the membership of the Albion in the EU, pound sterling fell sharply against the background of strong statistics on the US labor market and disappointing data on business activity […]

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.4082. Anyway, according to the 15M time – frame, I found a hidden bullish divergence on the moving average oscillator in the background, which is a sign that selling looks risky. I also found a breakout of intrraday resistance cluster at […]

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.2409. Anyway, according to the 30M time – frame, I found a breakout of intraday pennant, which is a sign that selling looks risky. I also found a hidden bullish divergence on the stochastic oscillator in the background, which is another […]

Who would have predicted what happened on Friday? After a major bull run that started after the financial crisis, investors shifted their focus from stocks to treasuries. This led to a bloodshed in the stocks market. On Friday, the Bureau of Labor Statistics (BLS) released its monthly jobs numbers that passed analysts’ expectations. The economy […]

NZD/USD Technical Analysis: Waiting for Reserve Bank of New Zealand’s Decision. In the past three months, the NZD/USD pair has been on a strong upward trend. As shown below, the pair has had a strong 30 degrees trend, making slight higher highs and higher lows. The pair has moved from a low of 0.6781 to […]

Weekend Review: Friday’s Crash and Hopes from Germany. Over the weekend, traders and investors from around the world were processing the market crash in the United States. As you remember, Friday seemed like a good day. In the morning (U.S time), the Bureau of Labor Statistics (BLS) released its highly anticipated jobs numbers. To many […]

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

In three of the largest US banking groups, customers will not be able to pay for credit cards with BITCOIN. This prohibition applies to JPMorgan Chase, the Bank of America and Citigroup. The reason is the investment risk, because with such fluctuations in Bitcoin rates, banks are beginning to approach investing in crypto assets as […]

The US Dollar stabilized after Friday’s increases caused by the better-than-expected US labor market report.The stock market has bigger problems because higher wages mean a revival in inflationary pressure and more active Fed in interest rate hikes. The SP500 fell on Friday by 2.54% and gave a signal for sales in Asia. Japanese Nikkei 225 […]

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Here are the latest developments in global markets: Forex: The dollar index traded virtually unchanged on Monday, after recovering somewhat on Friday on the back of robust US employment data. STOCKS: US equity Indices collapsed on Friday. The DOW Jones led the plunge, closing lower by 2.5%, while the S&P 500 fell 2.1%. The NASDAQ composite was […]

Overview: The weekly pivot is seen at the level of 1.2469. The EUR/USD pair rose from the level of 1.2414 towards 1.2469. Now, the current price is set at 1.2443. On the H1 chart, the resistance is seen at the levels of 1.2500 and 1.2538. Besides, the weekly support 1 is seen at the level […]

Overview: The GBP/USD pair was dialectical as it was trading in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.4217 and 1.4044. Resistance and support are seen at the levels of 1.4217 (also, the double top is already set at […]