USDCAD has broken down below key support. In our previous analysis we noted the bearish signals from the break down of the bearish descending triangle formation. Price has so far achieved our first target at 1.37 and is moving towards our second target of 1.35. Red lines – descending triangle pattern USDCAD is making new […]

Minor operational scale (Daily) Beginning of summer – options for the development of the movement of the dollar index #USDX and “raw” currencies AUD/USD & USD/CAD & NZD/USD in June 2020. ____________________ US dollar index In June 2020, the movement of the dollar index #USDX will be determined depending on the direction of the breakdown […]

The ISM Industrial Index for May came out at 43.1, as what forecasts expected. This is not bad for the current situation, and it is in fact better than the 41.5 in April. Construction costs fell by -2.9% which is much better than the -6% forecast. On the whole, the news is positive amid the […]

The price of gold increased this morning, caused by riots in major cities in the United States of America. Market participants are already so scared by the ongoing escalation of the US-China trade war, and the news of the riots only added agitation. Against this background, investors chose to keep their assets in a calmer […]

The US dollar has fallen today against other currencies, which surprised everyone. News that could significantly affect the dynamics of the currency are non-existent, except for the Friday press conference, from which US President Trump promised a response against China. Fed Chairman Jerome Powell also did not say anything new, and investors appear to be […]

Trading on stock exchanges in the Asia-Pacific region positively began today. Almost universal growth began after it became clear that US President Donald Trump is not going to take the most extreme measures and impose sanctions in the trade sector. His presentation, although rather harsh, still was not as bad as experts had expected. One […]

This is the most important epidemic chart: the number of people receiving medical treatment as of June 1 in Russia. As we can see, the cart is trying to turn up after some stabilization. It should be noted that the stabilization of the coronavirus situation in Russia was associated with a sharp drop in new […]

From the point of view of complex analysis, we can see that the quotes reached the control area of interaction of trade forces. The past trading week had in itself not just an upward spiral of long positions, but also the first radical change in market tacts in a long time. The flat 1.0775 // […]

Today, data on manufacturing activity in the Eurozone countries were released, which slightly quieted the ardor of bulls betting on further strengthening of risky assets. The euphoria from the European Commission’s proposed support plan for the European economy last week for 750 billion euros will continue to drive the bulls. Now the important question is […]

Today, data on manufacturing activity in the Eurozone countries were released, which slightly quieted the ardor of bulls betting on further strengthening of risky assets. The euphoria from the European Commission’s proposed support plan for the European economy last week for 750 billion euros will continue to drive the bulls. Now the important question is […]

The US 500 (cash) index is looking more neutral as prices have climbed towards the 12-week high of 3,069, remaining above the 23.6% Fibonacci retracement level of the up leg from 2,765 to 3,069 at 2,998 and the 50-period simple moving average (SMA). The technical indicators seem to be in contrast as the MACD is […]

Corona virus summary: Technical analysis: BTC has been trading upwards. The price tested and rejected of the level at $9,600. I see further downside rotation towards the levels at $8,760 and $8,650.. Trading recommendation: Watch for selling opportunities on the BTC due to overbought condiiton on the Stochastic oscillator. I also found the breakout of […]

Corona virus summary: Technical analysis: Gold has been trading upwards. The price tested and rejected of thelevel at $1,743. I see further downside rotation towards the levels at $1,722 and $1,712. Trading recommendation: Watch for selling opportunities on the Gold due to overbought condiiton on the Stochastic oscillator. I also found the breakout of the […]

Corona virus summary: Technical analysis: GBP/USD has been trading upwards. The price tested and rejected of the resistance trendline at the price of 1,2425. I see further downside rotation towards the level of 1,2334 due to overbought condition. Trading recommendation: Watch for selling opportunities on the GBP due to overbought condiiton on the Stochastic oscillator […]

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AUDUSD today overcame the 0.6684 tough resistance from March 9, producing a nearly four-month high of 0.6772 and pushing the medium-term timeframe back into neutral territory. Although the price appears to have stalled ahead of the 0.6777 high from January 29, the Ichimoku lines retain their positive tone, while the rising simple moving averages (SMAs) […]

EUR / USD On May 29, the EUR/USD pair gained about 20 more basis points and, thus, continues to build the estimated wave 3 in 3 in C in B of the upward trend section. If this is true, then the increase in quotes will continue with targets located near the levels of 127.2% and […]

Trump’s statements on Friday did not shake the markets, as many expected more serious decisions regarding China. Nevertheless, the relations between the two countries continue to deteriorate, which will certainly lead to the weakening of risky assets, especially if the parties fail to compromise in the near future. So far, neither China nor the US […]

Good day, dear traders! The trading for May has ended, which the market closed last Friday. Before proceeding to the analysis of the charts of the pound/dollar currency pair, let’s briefly talk about the topical topic of COVID-19 and the most important macroeconomic data that are expected in the first week of summer. It is […]

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

USDJPY has reversed back down after finding resistance at slightly below the 108.00 handle. The momentum indicators are pointing to a neutral to negative bias in the short term with the RSI just below 50 and the stochastic oscillator deep below the overbought area. Further losses below the 100-period SMA should see the 38.2% Fibonacci […]

Overview: Pair: EUR/USD. Trend: uptrend. News: Demonstrations and riots in the United States of America. VS. Coronavirus (COVID-19). According to the last event of demonstrations and riots in the United States of America. Moreover, Corona’s (Coronavirus (COVID-19)) problems still persist strongly and cause massive material losses. So, So, the closest possibility that the US dollar […]

Gold price is trading at $1,738 after a minor drop from a major dynamic resistance. Still, today’s drop could be only temporary, the outlook is bullish and it will remain the same as long as the price is traded above the $1,700 – $1,666 support zone. The tensions between the US and China and the […]

Trump’s mild response over Hong Kong sparks relief; stocks surge, dollar sags Aussie leads the gainers as RBA meeting not seen spoiling the rally But escalating protests across US pose new threat to recovery hopes; gold up Other risks also lurk as Brexit talks, ECB meeting and US jobs report ahead Trump refrains from tough […]