The index is doing a breakout of the resistance level at 92.10, which is currently finding dynamic resistance in the 200 SMA at H1 chart. That area should cap further gains in order to perform a pullback towards the support zone of 91.68. A consolidation below that level should expose the 91.13 level. MACD indicator […]

The pair is looking to hold the recent support found at the 1.3526 level, which is also giving some boost to the bulls across the board. The 200 SMA at the H1 chart is approaching such area and if GBP/USD manages to do a rebound over there, then the next target would be the resistance […]

Overview The GOLD price shows some bearish bias after testing 1,321.49 levels this morning. As long as the price is above 1,299.20, our bullish overview will remain active for today, supported by the EMA 50 that carries the price from below. A breach of 1,321.49 levels is required to confirm heading towards 1,357.53 as the […]

Overview A tight range continues to dominate the dynamic of the Silver price, which moves around 17.20 levels. Thus, there is no change to the bullish trend scenario that depends on holding above 16.55 levels, supported by the EMA50 that carries the price from below. Our main targets begin by a breach of the 17.43 […]

BITCOIN (BTC) has been trading sideways at the price of $14.637. The South Korean government has announced that some taxes can be applied to cryptocurrencies under the current law, which will be finalized in the first half of this year. Other taxes are also being considered, but some are not easily implemented under the current […]

Recently, the GBP/USD pair has been trading downwards. According to the 1H time frame, I found that the price successfully tested the Fibonacci retracement 61.8% at the level of 1.3529, which is a sign that selling looks risky. I also found a bullish outside bar candle formation, which is another sign of strength. My advice […]

Recently, the USD/JPY pair has been trading downwards. According to the 30M time frame, I found that the price has broken the upward channel in the background, which is a sign that buying looks risky. I also found a fake breakout of Friday’s high at the price of 113.30 and hidden bearish divergence on the […]

In December, non-farm employment increased by only 148k, less than expected 190k. Wages increased by 0.3% m/m, maintaining the annual dynamic at 2.5%. The unemployment rate remained at 4.1%, as expected. For the market participants, employment is of secondary importance, but the lack of a positive surprise in wages strikes the optimism built after good […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (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. […]

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Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick advance towards the next price zones around 0.7150-0.7230 (the key zone) and 0.7310-0.7380 which was temporarily breached to the upside. Recent bearish pullback […]

The progress of negotiations on the creation of a coalition in Germany will become a litmus test for the GBP/USD pair that managed to climb the pedestal among the currencies G10 at the end of 2017. The British Pound started the year of the Dog in mixed feelings. On one hand, the replacement of some […]

USD/JPY is expected to trade in an upper range. The pair has managed to trade at levels above 113.00 while remaining in a consolidation phase initiated from a high of 113.32 reached last Friday (January 5). Currently, it is near the 20-period moving average and is seeking support from the 50-period one. As long as […]

USD/CHF is expected to trade with bullish bias above 0.9735. Although the pair posted a pullback, a support base at 0.9735 has formed and has allowed for a temporary stabilization. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Hence, as long as 0.9735 holds on the downside, […]

GBP/JPY is expected to trade with a bullish outlook. The pair is rebounding and challenging the 20-period moving average. The relative strength index is turning up. A downside potential should be limited by the key support at 152.90. To conclude, as long as this key level is not broken, a further upside to 153.65 and […]

BITCOIN payments are increasingly being used in various sectors of the tourism industry. Recently, traveling tourists use Bitcoin payments to both pay their flight and accommodation bills. Moreover, for some time now, we can see the flourishing of medical tourism. According to the calculations of economist Marc Pilkington, its global value has exceeded 100 billion […]

The beginning of the week on the Asian stock exchange is relatively successful. The MSCI regional index is effectively returning to its 10-year highs, which should be seen as the aftermath of the phenomenal entry in 2018 by the New York indexes. Relatively positive moods in Shanghai as Shanghai Composite Index rises 0.2%. The reshuffles […]

It’s 3 PM GMT on this Monday, so let’s take a look at the FX Movers and Shakers. Euro/Yen’s day has been bearish and the pair has lost a total of point 69%, which is the biggest move so far. Japan enjoys a market holiday as Coming of Age Day is observed and Yen is […]

The dollar is in recovery mode on Monday after falling on Friday, recording its lowest since January 2 versus a basket of currencies and coming close to hitting a fresh 3½-month low. Dollar selling took place in the aftermath of December’s jobs report which showed the US economy adding notably fewer positions than analysts had […]

AUDUSD edged sharply higher in the near-term timeframe following the rebound on the 0.7500 significant support level that started on December 12, 2017. The price hit the ascending trend line on the medium-term chart, which has been holding since January 2016 before the upside movement. However, given that the latest run appears overstretched and having a look at the […]

NZD/USD is expected to trade with Bullish bias. Despite the recent pullback from 0.7145 the pair still stays above its rising 50-period moving average. The relative strength index is above its neutrality level at 50. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Therefore, above 0.7145, look […]

GOLD PRICES held onto last week’s 1.4% gains in London trade Monday but Silver slipped amid a rally in the Dollar on the Forex market.   World equities pushed up to fresh all-time record highs as major government bond prices also rose, pushing interest rates lower.   European banking stocks lagged the broader gain in […]

The Dollar index tested again on Friday the double bottom low around 91.76 and is now bouncing hard higher above last week’s highs. I’m bullish for the short-term for at least a bounce towards 92.60. However, we could set up a bigger bounce, one that I have been waiting since mid-December. The Dollar index has […]

USDJPY has found support just above 120.000 and traders have managed to push the price higher to test resistance at 113.380. Price is currently back at the old resistance level of 113.114. A break out of the resistance trend line would target the top of the range at 113.674 and then a confirmed close above […]

The Canadian dollar strengthened against the U.S. Dollar on Friday, as the probability of a rate hike by the Bank of Canada (BOC) in January soared to over 80%. The move came after stronger-than-expected domestic jobs data showed that the surging Canadian economy added 78,600 new positions in December for the second month in a […]