Crypto Industry News: According to an announcement from the Banque de France, France became the first country to successfully try the digital euro operating on Blockchain after calling for new technologies to support such progress. The bank claims that on May 14, it tested the sale of securities for central bank digital currencies (CBDC), signaling […]

Crypto Industry News: Just before halving, Bitcoin’s Hash Rate has almost reached its new ATH. Unfortunately, shortly after halving (as expected by many analysts) we saw drastic drops. Citing data provided by blockchain.com, the 7-day average HR value of the BTC network increased for the first time since May 11. Admittedly, a small reflection of […]

Crypto Industry News: Just before halving, Bitcoin’s Hash Rate has almost reached its new ATH. Unfortunately, shortly after halving (as expected by many analysts) we saw drastic drops. Citing data provided by blockchain.com, the 7-day average HR value of the BTC network increased for the first time since May 11. Admittedly, a small reflection of […]

GBP/USD 1H The downward movement resumed on the hourly chart for the pound/dollar pair last Friday. The general technical picture is now very simple. The price rebound from the Senkou Span B line, that is, not overcoming the Ichimoku cloud, is visible with the naked eye. Accordingly, buyers did not manage to pass the first […]

EUR/USD 1H The EUR/USD pair continued the downward movement that started after a rebound from the levels of 1,1008 and 1,0990 during the last trading day of the past week on the hourly timeframe. Recall that these levels are resistances, which are also located near the upper border of the side channel 1.0750-1.1000, in which […]

EUR/USD 1H The EUR/USD pair continued the downward movement that started after a rebound from the levels of 1,1008 and 1,0990 during the last trading day of the past week on the hourly timeframe. Recall that these levels are resistances, which are also located near the upper border of the side channel 1.0750-1.1000, in which […]

EUR/JPY only climbed to118.53 before a deeper correction was seen. This correction dipped to a low of 116.96, which was a bit deeper than we expected. However, it doesn’t alter our bullish count with more upside pressure towards the 161.8% extension target at 119.31. If our bullish view should remain viable, we would expect minor […]

To open long positions on GBP/USD, you need: Nothing has changed from a technical point of view. The bulls tried to get above the upper border of the side channel of 1.2190 last Friday afternoon, nothing came of it, which resulted in an even greater decrease in volatility. At the moment, the main task of […]

To open long positions on GBP/USD, you need: Nothing has changed from a technical point of view. The bulls tried to get above the upper border of the side channel of 1.2190 last Friday afternoon, nothing came of it, which resulted in an even greater decrease in volatility. At the moment, the main task of […]

To open long positions on EUR/USD, you need: I drew attention to the 1.0889 level in my forecast for Friday afternoon, which has already been tested by the bears and on which the pair’s further direction depended. If you look at the 5-minute chart, you will see how the bears failed to break below this […]

To open long positions on EUR/USD, you need: I drew attention to the 1.0889 level in my forecast for Friday afternoon, which has already been tested by the bears and on which the pair’s further direction depended. If you look at the 5-minute chart, you will see how the bears failed to break below this […]

At this point we have no reason to cast away the alternate bullish count. That said, this count only becomes our favored count if resistance at 133.19 is broken. We have seen a small corrective decline from 131.78 and the sub-waves are equal in length which gives this count credibility. However, we will need a […]

EUR/USD The euro was down 64 points at one point last Friday, precisely testing the support of the MACD line on the daily chart. The signal line of the Marlin oscillator is slightly above the border with the territory of the negative trend. There is not much time left for the price and marlin to […]

GBP/USD The British pound overcame the support of the MACD line on the daily chart. The Marlin oscillator has been in the zone of negative values since May 11 – the downward trend is strengthening. The first target of the bears is 1.1935 is the Fibonacci level of 200.0%. The prospect of a decline of […]

AUD/USD The Australian dollar continues to reverse from they May 20 peak, realizing the technical potential of the double divergence on the Marlin oscillator on the daily chart. The closest support is the embedded price channel line at 0.6482. Overcoming the level opens the possibility of a decline to the next line to the area […]

USD/JPY The Japanese yen is consolidating between the support of the trend line of the price channel (107.42) and the resistance of the balance indicator line with the growing line of the Marlin oscillator for the fourth session. This is a sign of continued price growth at the end of the current consolidation. The first […]

The British pound continues to experience self-inflicted market pressure against the US dollar. We have repeatedly noted that if the EUR/USD pair is trading in the side channel and this is logical and justified by technical reasons and a common fundamental background, then the British currency is not in demand due to the huge number […]

A new trading week will begin, as often happens, with a few practically empty days, in terms of macroeconomic statistics. However, closer to the end of the week, interesting and important news and reports will begin to be available to traders. Recall that everything revolves around the upcoming US presidential elections in November 2020 now […]

24-hour timeframe Another trading week on the Forex market has ended. During this week, the EUR/USD pair failed to exit the side channel, limited by the levels of 1.0750-1.0990. Quotes worked out the upper limit of the channel and rebounded, so now a downward movement to 1.0750 is expected. On a 24-hour timeframe, the side […]

Few weeks ago, 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%). Around the price zone between (1.1075-1.1150), a bearish Head & Shoulders pattern […]

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). Currently, Atypical Bearish Head & Shoulders reversal pattern may be in progress. The pair was recently […]

Minor operational scale (Daily) What threatens the last week of May and the beginning of summer with the main currency instruments? Development options for the movement #USDX vs EUR/USD, GBP/USD, and USD/JPY (Daily) on May 26, 2020. ____________________ US dollar index From May 26, 2020, the movement of the dollar index (#USDX) will continue to […]

The US dollar again had the opportunity to take advantage of its protective functions, and China helped in this, which introduced an injection of reality into the markets while angering the US. As the US-China conflict continues to boil, the price of the dollar begins to rise. On Friday, it strengthened quite well to a […]

The precious metals market has experienced positive dynamics today against the backdrop of the conflict that is growing between the United States of America and China. Investors were under pressure and decided to turn to a safer sector which is the gold market. However, today’s support, most likely, will not save the precious metal from […]

The European stock market began with a negative on Friday. Major stock indexes show a reduction in their positions against the backdrop of an escalation of tension between the US and China. This new tension was due to the intention of the Chinese authorities to ratify the bill on ensuring the national security of Hong […]