S&P 500 recoups all its losses for the year, Nasdaq hits new record Optimism echoed in FX too, with dollar struggling as commodity currencies hit multi-month highs However, we are seeing a reversal of these moves today – some profit taking? Looking ahead, much will depend on what the Fed does and whether a second […]

WTI oil futures presently appear to be retracing under the mid Bollinger band around 38.23, heading towards the 50-period simple moving average (SMA) at 35.88. The commodity’s one-and-a-half month hike from the 6.62 bottom, pivoted back down just before filling the gap from early March at 41.28. Nevertheless, the SMAs continue to back the positive […]

EURJPY has been creating a strong bearish dive since the bounce off the 13-month peak of 124.42, falling back below the 122.00 mark, which stands near the 23.6% Fibonacci retracement level of the upward move from 114.40 to 124.42.   The momentum indicators are losing momentum while in positive territory. The MACD is flattening well […]

Australia and New Zealand Banking Group (ANZ) forecasts gold to reach $ 1800 per ounce in September, and rise in price to $ 1900 per ounce in December despite major sales last week. “We are optimistic about the future despite the complicated macro statistics. The reason for which is the constant rise of central bank […]

The pair traded upwards on Monday and re-tested the upper fractal 1.2648. Today, the price may begin to move downward. Economic calendar news for the dollar is expected at 14:00 UTC. Trend analysis (Fig. 1). Today, a downward pullback is possible from the level of 1.2724 (closing of yesterday’s candle) with the first target of […]

Trend analysis (Fig. 1). Today, a downward pullback is possible from the level of 1.1296 (closing of yesterday’s candle) with the target of 1.1208 – a 23.6% pullback level (presented in a red dashed line). From this level, the price may continue to move downward with the target of 1.1099 – a 38.2% retracement level […]

Trend analysis (Fig. 1). Today, a downward pullback is possible from the level of 1.1296 (closing of yesterday’s candle) with the target of 1.1208 – a 23.6% pullback level (presented in a red dashed line). From this level, the price may continue to move downward with the target of 1.1099 – a 38.2% retracement level […]

Crypto Industry News: The report, published by the Hong Kong Treasury Department on June 1, provided detailed data on accelerated growth of blockchain popularity in the fintech industry. Blockchain is currently the fastest growing segment of this industry in Hong Kong. 22 of the 57 companies that started operations over the past year are based […]

To open long positions on EUR/USD, you need: Nothing has changed in yesterday’s course. In my forecast for the afternoon, I drew attention to the likelihood of a false breakout near the level of 1.1281 after the bears’ unsuccessful attempt to resume the downward correction, which, in fact, happened. If you look at the 5-minute […]

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GBPUSD finished Monday’s session slightly above the 200-day simple moving average (SMA) following last week’s roller coaster which put the strong rebound from 35-year lows back into life. Whether the pair could push for more gains depends now on the 1.2760 resistance which is currently under examination. Should it give way, the rally could get […]

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Crypto Industry News: Grayscale, a digital asset management company, has recently attracted a lot of community interest because of its huge Bitcoin purchases. However, it turns out that this cryptocurrency fund collects not only BTC, but also Ethereum. Grayscale’s Investor Relations Director, Ray Sharif-Askary, revealed that in 2020, the company has acquired ETH worth $ […]

Technical Market Outlook: After a Shooting Star candlestick pattern was made at the supply zone located between the levels of 1.1347 – 1.1361 the EUR/USD pair has reversed a little towards the nearest technical support seen at the level of 1.1236. The key short-term technical support is still seen at the level of 1.1148. Please […]

Technical Market Outlook: The GBP/USD keeps getting away from the upper main channel line and just a few hours ago bulls have managed to push the price towards the short-term supply zone located between the levels of 1.2747 – 1.2786. So far the price was rejected from the zone, but the momentum is still strong […]

The correction from the 137.74 peak is unfolding as expected. We have already seen the 23.6% corrective target at 137.66 being exceeded. The pair may rise to support in the 136.33 – 137.10 area. A decline to the 38.2% corrective target at 136.33 is unlikely to occur. The pair may rally back to the peak […]

EUR/USD The euro closed at the opening level on Monday, supported by the target level of 1.1265. The Marlin oscillator has strengthened the decline on a daily basis. On the first attempt, the price failed to overcome the immediate support, today we are waiting for a more successful attempt. Target at 1.1200. Price taking above […]

GBP/USD Yesterday, the British pound repeated the previous test of the Fibonacci level of 100.0%, that is, the lowest base line of the entire grid of 1.2725 from February 28 (December 13-February 28). This morning, the price went above this level and quickly returned back below it. The Marlin oscillator shows the beginning of a […]

AUD/USD The Australian dollar took advantage of the US dollar’s temporary weakness and rising metal prices, and gained 52 points on Monday. The price resolutely turned down in the Asian session today, approaching the opening level of Monday. The divergence according to Marlin remained intact. We expect the price to fall further to the previously […]

USD/JPY The yen strongly and unexpectedly strengthened on Monday without looking at the growing stock market (the S&P 500 1.20%). The price found support on the daily balance indicator line, currently declining simultaneously with it. Overcoming the support price of the MACD line (107.10) will reverse the downward trend with the goal of 102.10, but […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 145.1452 The British pound also began to adjust on the first trading day of the week. However, the correction did not last long and it was extremely weak. Moreover, towards […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI:56.7677 The EUR/USD currency pair continues to adjust at the beginning of the new trading week. However, it is still impossible to say that the correction is strong. Most likely, the […]

Minuette operational scale (H1) Current options for the development of the movement of “commodity” currencies AUD/USD, USD/CAD, and NZD/USD on June 9, 2020. ____________________ Australian dollar vs US dollar The development of the movement of the Australian dollar (AUD/USD) from June 9, 2020 will be determined by the development and direction of the breakdown of […]

Recently, Bullish breakout above 1.2265 has enhanced many bullish movements up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In the period between March 27- May 12). Shortly after, transient bearish breakout below 1.2265 (Consolidation Range Lower Limit) was demonstrated in the period between […]

On March 20, the EURUSD pair has expressed remarkable bullish recovery around the newly-established bottom around 1.0650. Bullish engulfing H4 candlesticks as well as the recently-demonstrated ascending bottoms indicated a high probability bullish pullback towards 1.0980 and 1.1075 (Fibo Level 50%). Shortly after, a sideway consolidation range was established in the price range extending between […]