Forecast for June 18: Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1352, 1.1308, 1.1290, 1.1261, 1.1201, 1.1182, 1.1136 and 1.1103. Here, we determined the next goals from the local descending structure of June 16th. The continuation of the […]

EUR/USD – 1H. Hello, traders! The euro/dollar pair continues its unintelligible movement inside the downward trend corridor on the hourly chart on June 17. Thus, in general, we can say that the mood of traders remains “bearish”. Only the closing of the pair’s rate above the corridor will allow traders to count on the more […]

USDCHF has been consolidating inside the 0.9433-0.9550 area over the past week, not far from the 50% and 61.8% Fibonacci retracement levels of the upleg with a low at 0.9191 and a top at 0.9900. With the MACD easing negative momentum in the bearish area and the flat RSI refusing to return to its 30 […]

AUDUSD appears paused after having pivoted from a formed nearly 11-month peak of 0.7064, something also reflected in the flattened Ichimoku lines. Although the tone of the 50-, 100-day simple moving averages (SMAs) and the Ichimoku lines sponsor an improving picture, the short-term oscillators reflect weakening positive momentum. The MACD, deep in the positive zone, […]

GBP/USD – 1H. Hello, traders! According to the hourly chart, the pound/dollar pair continues the process of falling within the downward trend corridor, which is more pronounced than for the euro-dollar pair. Thus, the mood of traders remains “bearish” for the British. There are also no interesting reports coming from the UK at the moment, […]

GBP/USD – 1H. Hello, traders! According to the hourly chart, the pound/dollar pair continues the process of falling within the downward trend corridor, which is more pronounced than for the euro-dollar pair. Thus, the mood of traders remains “bearish” for the British. There are also no interesting reports coming from the UK at the moment, […]

GBP/USD Analysis: The general trend rate of the British pound is set by the rising wave from March 18. Its last section started a month ago from the lower limit of strong resistance. Since June 10, the price has been adjusted in the lateral plane. Forecast: The sideways flat is expected to continue today. At […]

GBP/USD Analysis: The general trend rate of the British pound is set by the rising wave from March 18. Its last section started a month ago from the lower limit of strong resistance. Since June 10, the price has been adjusted in the lateral plane. Forecast: The sideways flat is expected to continue today. At […]

From the point of view of complex analysis, you can see the process of accumulation within a variable support, and now let’s talk about the details. The past trading day passed without impressive changes, the quote managed to stay on the previously set correction course, as a result of which there was another rapprochement with […]

From the point of view of complex analysis, you can see the process of accumulation within a variable support, and now let’s talk about the details. The past trading day passed without impressive changes, the quote managed to stay on the previously set correction course, as a result of which there was another rapprochement with […]

According to Bloomberg, Saudi Arabia has exported approximately 133,000 barrels per day in the United Stated in June, which is equivalent to one tenth of its 1.3 million bbl per day shipment in April. If exports in the second half of June continue to be at the same low pace, imports of Saudi oil in […]

Technical Market Outlook: The GBP/USD bulls was not strong enough to break through 61% Fibonacci retracement and the price reversed towards the level of 1.2550. Since then the price keeps consolidating in a narrow range located between the levels of 1.2509 – 1.2580. The market conditions bounced from the oversold levels, so the bulls might […]

Technical Market Outlook: The EUR/USD pair has bounced after the level of 1.1212 had been tested for the second time. This might be a Double Bottom price pattern made by EUR/USD bulls. If the rally will continue here, then the next target for bulls is seen at the level of 1.1361 and then at 1.1419. […]

Crypto Industry News: South Korean experts have found in local media that cryptocurrencies are a “bad choice” as a safe asset during the COVID-19 pandemic. Professor Hong Ki-hoon of Hongik University said that crypto assets such as Bitcoin should not be considered “safe” at the level of gold, dollars or even US Treasury bonds. However, […]

Yesterday, Ursula von der Leyen made a very serious request to be recognized as the most amazing woman of the year. The head of the European Commission somewhat specified the concessions that the European Union is ready to make in the matter of a trade agreement with Great Britain. But at the same time, she […]

Crypto Industry News: The Venezuelan government has announced that almost 15% of all fuel payments at gas stations across the country are made using Petro (PTR). This increase occurs in the first week of a new state-supported plan to promote widespread token use. According to the Ultimas Noticias report, 40% of PTR transactions went through […]

According to the 4-hour chart, the USD Index is trying to raid the nearest Liquidity Pool at about 97.45-97.50 because there is a Liquidity Void above the current price now which will act as a magnet area for the USD Index. Nevertheless, this upward movement scenario will be cancel if the USD Index goes down […]

The Australian labor market was reported today to be in the “red zone”, clearly demonstrating the effects of the coronavirus crisis. All the components in the data for May are terrible, as they turned out to be “anti-records on anti-records”. Fortunately, traders are already prepared for such weak figures, so the aussie reacted minimally to […]

The world markets are once again starting to be shocked by a situation, which is not related to any economic news or the publication of economic statistics. All the attention of the audience was drawn to the escalation of tension on the Korean Peninsula and the outbreak of coronavirus infection in China. On the contrary, […]

The pound formally weakened yesterday, but the scale of its decline was rather symbolic. So it’s not about the decline itself, but why it was practically nonexistent. At the same time, the statistics, in general, came out exactly as expected. So the reason for it is not found in macroeconomic statistics. And the answer to […]

EUR/GBP has not changed much in the last couple of weeks. However, we think that the sideways correction could be close to completion. A break above minor resistance at 0.8994 and more importantly a break above resistance at 0.9025 will confirm a strong impulsive rally towards 0.9499 and above. A failure to break above minor […]

To open long positions on EUR/USD, you need: Yesterday’s data on the US real estate market limited the potential for the euro’s decline, and the bears did not manage to break below the level of 1.1215, from where it was possible and necessary to open long positions. If you look at the 5-minute chart, you […]

To open long positions on EUR/USD, you need: Yesterday’s data on the US real estate market limited the potential for the euro’s decline, and the bears did not manage to break below the level of 1.1215, from where it was possible and necessary to open long positions. If you look at the 5-minute chart, you […]

USD/JPY The yen strengthened by 30 points on Wednesday due to lower stock indices, which looks like a decrease in the USD/JPY pair on the chart. Yesterday, the S&P 500 fell 0.36%, while the Nikkei 225 is losing 1.22% today. The price went below the MACD line on the daily chart, while Marlin is declining. […]

USD/JPY The yen strengthened by 30 points on Wednesday due to lower stock indices, which looks like a decrease in the USD/JPY pair on the chart. Yesterday, the S&P 500 fell 0.36%, while the Nikkei 225 is losing 1.22% today. The price went below the MACD line on the daily chart, while Marlin is declining. […]