4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 97.1724 The British pound on Thursday corrected slightly more strongly than the European currency, however, in the afternoon, it resumed the upward movement. At the same time, as we have […]

4-hour timeframe Technical details: Higher linear regression channel: direction – sideways. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 227.4457 The EUR/USD currency pair started a long-awaited correction on June 4. It started and finished very quickly. In yesterday’s reviews, we assumed that the European Central Bank will expand […]

Minor operational scale (Daily) The first month of summer – EUR/GBP, GBP/JPY, and EUR/JPY in the H4 timeframe – development options for the movement from June 5, 2020. ____________________ Euro vs Great Britain pound In June 2020, the development of the movement of the “main” EUR/GBP cross-instrument will continue in the 1/2 Median Line channel […]

EUR/USD 1H The EUR/USD pair continued its upward movement on the hourly timeframe on June 4, when everything seemed to be in favor of starting a downward correction. However, as we have already mentioned in fundamental articles, a rather strong and recoilless trend has now taken shape and it is completely inexpedient to guess the […]

Gold price is bouncing strongly once again towards $1,720. Price has held for another week the $1,700 level unless bears take the upper hand tomorrow. Bulls are trying to recapture the tenkan-sen and kijun-sen pivot point intersection. Inability to close above the $1,716 intersection could lead to another pull back towards $1,675 and the cloud […]

EURUSD continues to make higher highs and higher lows. Price has broken above 1.13 and has exited the bearish channel that was created in 2018. Price is now challenging important highs and long-term resistance trend lines. Black lines- bearish channel Red line -long-term resistance trend line EURUSD is challenging the 1.13 level. Even at the […]

Recently, Bullish persistence above 1.2265 has enhanced another bullish movement up to the price levels of 1.2520-1.2590 where significant bearish rejection as well as a quick bearish decline were previously demonstrated (In the period between 14th – 21 April). Moreover, Atypical Bearish Head & Shoulders reversal pattern was in progress. The GBP/USD pair was demonstrating […]

The price of gold began to rise today after a long fall. Earlier today, futures for August delivery rose to 0.3% on the New York Stock Exchange, which allowed them to move to the level of $ 1,705.35 per troy ounce. Support was at the level of $ 1,690.30 per troy ounce, while resistance was […]

Statistics showed that at the beginning of the week, the markets were mostly bullish. There were clearly more purchases than sales. The increase was noted in almost all sectors, which was supported by excellent macroeconomic statistics. For example, statistics on unemployment and business activity in the service sector, as well as industry, have become much […]

EURCAD today found footing on the 1.5127 level, that being the 50.0% Fibonacci retracement of the up leg from the 34-month low of 1.4263 to the 2-year high of 1.5991. Despite the fact that positive momentum is increasing, the pair remains confined within a sideways market from 1.5052 to 1.5532, something also reflected in the […]

According to the US weekly unemployment report, applications for benefits already totaled to 1.88 million. While long-term unemployment remained at 21.5 million. These factors have sparked stabilization as the US labor market seemed to have bottomed out. Meanwhile, the ECB has allocated another 1.3 trillion euros to support markets and the eurozone economy. EURUSD: The […]

EURJPY’s one-month positive incline is stalling ahead of the key 122.86 resistance border. Although positive momentum appears to be waning, the ascent from the 3½-year low remains intact, something also reflected by the upward slopes within the simple moving averages (SMAs). The short-term oscillators appear to be holding on to their positive tone, though slipping […]

USDCHF faced a sharp selling interest over the last few hours, flirting with the 0.9590 support level. This move is suggesting more losses, confirmed by the RSI, which is heading south below the 50 leveld. Moreover, the red Tenkan-sen line fell beneath the blue Kijun-sen line and the price is holding well below the 20- […]

The German 30 stock index (cash) finished Wednesday’s session at three-month highs and comfortably above the 200-day simple moving average (SMA) following the close above the 12,000-round level. While the aforementioned notable move foresees the extension of the two-month old uptrend, the market needs first to overcome the 12,600 mark which is currently blocking the […]

The Russian ruble is sweeping away all obstacles thanks to the continuous growth of US stock indices, oil, and the euro. Inspired by the EU’s large-scale fiscal stimulus and hopes for the QE expansion, the euro has been strengthening against the US dollar for 11 trading days. The weakness of the US dollar is another […]

CMASF’s forecast for the Russian economy and the rouble: According to the baseline scenario of the Center for Macroeconomic Analysis and Short-Term Forecast (CMASF), the Russian currency may weaken to 90 rubles per dollar by the end of 2020. In this case. the pandemic is likely to continue until the third quarter. Overall, experts at […]

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 bearish Head & Shoulders pattern was demonstrated around the price zone […]

Saudi Arabia and Russia find it necessary to extend the current agreement on output cuts for one more month. Nevertheless, the June OPEC+ meeting might be canceled since Iraq and Nigeria still have not reached the agreed targets on deepening their production. Due to the non-compliance of some OPEC members, the balance in the oil […]

News: US exchanges added as defendants in ongoing lawsuit against Bitfinex and Tether. Amended court document claims Poloniex and Bittrex aided in the purchase of Bitcoin using billlions of unbacked Tether. Plaintiffs insist Bitcoin’s bull run, and its subsequent crash, would never have happened if it weren’t for manipulation using Tether. Technical analysis: Trading recommendation: […]

News: Kim Yo-jong, the powerful sister of the North Korean leader, Kim Jong-un, has warned South Korea to stop propaganda leaflets coming over the border, warning it could wreck an agreement to reduce military tensions. Technical analysis: Gold has been trading downwards. As I expected, the price tested the level of $1,690 and reached my […]

From the point of view of complex analysis, we can see the development of quotes in the upper border of the flat pattern. The past trading day brought the quotes very close to the upper border of the flat 1.2150 // 1.2350 // 1.2620, but slowed down and stopped within 60 pips. The movement gave […]

Corona virus summary: Technical analysis: GBP/UDS has been trading supwards. The price tested the level of 1,2550. Anyway, I see potential for the downside rotation towards the supports at 1,2500, 1,2478 and 1,2425. Trading recommendation: Watch for potential selling opportunities on the rallies. The downward targets are set at the price of ,2500, 1,2478 and […]

GBP/JPY tested the key resistance at 133.19 but failed to break above in the first attempt. After a minor correction, a second and more successful attempt should be seen. A break above the key resistance at 133.19 will shift the currently alternative count to the preferred count and this outcome looks possible towards major resistance […]

Overview: Due to the upcoming problems of the Coronavirus disease (COVID-19), the trading working hours of many major financial centers was changed, which affected the trading of the GBP/USD pair notably, because the market was not stable and the trend was not clear. Consequently, the market will probably start showing the signs of tight sideways […]

EURUSD is edging lower over the last four-hour sessions following the bounce off the three-month peak of 1.1256. The technical indicators are weakening in the positive areas. The MACD is slipping beneath the trigger line, while the RSI failed to hold above the 70 level and is approaching the neutral threshold of 50. Further declines […]