Technical Market Outlook: The EUR/USD pair has been consolidating the recent gains in a narrow zone located between the levels of 1.1148 – 1.1100. The bulls are hovering just below the lower supply zone boundary located between the levels of 1.1148 – 1.1190. Please notice, the market conditions are now overbought and despite the positive […]

Crypto Industry News: The Russian police initiated criminal proceedings against the former head of the local branch of the Russian Post Office, who managed to extract cryptocurrencies through the network of the office in the town of Mineralnye Vody in the southern part of the country. According to a report published by the local news […]

The production ISM in the United States grew to 43.1p. in May against 41.5p a month earlier, but the result, firstly, is still lower than forecasts, and secondly, a number of key sub-indices continue to show confidently poor dynamics, increasing the chances of a quick completion of the current period of optimism. The employment index […]

Crypto Industry News: The Swiss Financial Market Surveillance Authority (FINMA) authorized InCore as the first business-to-business to conduct transactions on digital assets, enabling clients worldwide to access the service and conduct transactions at the bank. The official announcement is an important step in creating a blockchain-friendly environment in the entire EU banking sector. InCore Bank […]

Trend analysis (Fig. 1). Today, a downward pullback is possible from the level of 1.1137 (closing of yesterday’s candle) with the target of 1.1079 – a 14.6% pullback level (presented in a red dashed line). From this level, the price may resume its upward movement, with the target of the upper fractal 1.1155 (presented in […]

Traders of the USD/JPY pair ignored the general weakening of the US currency, which was observed at the start of the new trading week. Despite the fact that other pairs of the major group showed increased volatility yesterday, the yen still fluctuates within a narrow range flat when paired with the greenback, without leaving the […]

GBPCAD’s negative momentum seems to be growing, something also reflected in the short-term oscillators. The pair looks to be restricted by the mid-Bollinger band and the 200-day simple moving average (SMA), following a one-month decline from the 1.7703 peak. The MACD, deep in the negative region has dipped back below its red signal line while […]

GBPCAD’s negative momentum seems to be growing, something also reflected in the short-term oscillators. The pair looks to be restricted by the mid-Bollinger band and the 200-day simple moving average (SMA), following a one-month decline from the 1.7703 peak. The MACD, deep in the negative region has dipped back below its red signal line while […]

To open long positions on GBP/USD, you need: The British pound continued to grow against the US dollar yesterday, while traders wait for good news on the conclusion of a trade transaction between the UK and the EU. The next round of negotiations will begin today. If you look at the 5-minute chart, you will […]

To open long positions on GBP/USD, you need: The British pound continued to grow against the US dollar yesterday, while traders wait for good news on the conclusion of a trade transaction between the UK and the EU. The next round of negotiations will begin today. If you look at the 5-minute chart, you will […]

To open long positions on EUR/USD, you need: Yesterday’s attempts to break above resistance of 1.1139 in the US session again failed. If you look at the 5-minute chart, you will see how the bears every time they approach the level of 1.1139 again actively sold the euro, which kept the pair in the side […]

To open long positions on EUR/USD, you need: Yesterday’s attempts to break above resistance of 1.1139 in the US session again failed. If you look at the 5-minute chart, you will see how the bears every time they approach the level of 1.1139 again actively sold the euro, which kept the pair in the side […]

AUD/USD The Australian dollar showed a solid increase of 130 points on Monday, barely reaching the first target level of 0.6825 (October 2016 low). But the aussie is upbeat and ready to continue growth to the next goal along the price channel in the area of 0.6935. The Marlin oscillator in the zone of positive […]

USD/JPY There was no decisive breakout of the pair up, which we expected yesterday, did not happen. The price remained at the signal level of 107.78. The day’s low tested the support of the price channel, the closing of the day took place above the balance indicator line (daily). But the price still does not […]

4-hour timeframe Technical details: Higher linear regression channel: direction – sideways. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – upward. CCI: 230.3879 The British pound unexpectedly rushed up on the first trading day of the week. It is also unexpected how the European currency rose in price over the past week. […]

4-hour timeframe Technical details: Higher linear regression channel: direction – sideways. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – upward. CCI: 230.3879 The British pound unexpectedly rushed up on the first trading day of the week. It is also unexpected how the European currency rose in price over the past week. […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – up. CCI: 93.4107 A new month begins, and the euro/dollar currency pair continues the same upward movement that was very difficult to imagine a few weeks ago. In recent years, the euro/dollar […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – up. CCI: 93.4107 A new month begins, and the euro/dollar currency pair continues the same upward movement that was very difficult to imagine a few weeks ago. In recent years, the euro/dollar […]

GBP/USD 1H The pound/dollar unexpectedly continued its upward movement on Monday, which also increased. Buyers managed to overcome the resistance area of 1.2403-1.2423, as well as the first resistance level for this week at 1.2434. Therefore, the path to growth is now clear until the next resistance level of 1.2529, to which, however, there isn’t […]

GBP/USD 1H The pound/dollar unexpectedly continued its upward movement on Monday, which also increased. Buyers managed to overcome the resistance area of 1.2403-1.2423, as well as the first resistance level for this week at 1.2434. Therefore, the path to growth is now clear until the next resistance level of 1.2529, to which, however, there isn’t […]

EUR/USD 1H The EUR/USD pair calmed down on Monday, but did not start a downward correction on the hourly timeframe. The March 27 high has been worked out, but again the buyers failed to overcome it. The fact that there is still no downward correction at this time, although on Mondays the pair is often […]

EUR/USD 1H The EUR/USD pair calmed down on Monday, but did not start a downward correction on the hourly timeframe. The March 27 high has been worked out, but again the buyers failed to overcome it. The fact that there is still no downward correction at this time, although on Mondays the pair is often […]

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 at least towards 1.0980 and 1.1075 (Fibo Level 50%). Shortly After, a bearish Head & Shoulders pattern was demonstrated around the […]

Intermediate-term Technical outlook for the GBP/USD pair remains bullish as long as bullish persistence is maintained above 1.1890-1.1900 (Double-Bottom Neckline) on the H4 Charts. 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 […]

USDJPY is moving sideways. Price cannot break above the key short-term resistance at 108. Price continues to trade right below this horizontal resistance and as long as price is below it, we prefer to be bearish looking for a pull back towards 105.50. Only a break above this resistance will change our mind. Black lines […]