AUD/USD The Australian dollar lost 30 points as a result of yesterday – a double divergence across Marlin began to take effect, which became more pronounced. The immediate goal for moving down to 0.6492 is to support the embedded line of the price channel. Overcoming the first support opens the way to the second at […]

USD/JPY The yen’s situation has not changed as much over the past day, even the indicator lines have taken a horizontal position, which creates equal chances for the currency pair to rise and fall. Part of the reason lies in the uncertainty of the stock market, which is also in a horizontal local trend for […]

GBP/USD 1H Lateral movement was observed with a low downward slope on the hourly chart for the pound/dollar pair on May 21. In recent days, traders have not been able to cross the Senkou Span B line, so further upward movement is called into question. However, the bears also failed to cross the Kijun-sen line […]

EUR/USD 1H The EUR/USD pair resumed the upward movement and worked out the April 19 high at 1.0990 on the hourly timeframe over the past day, as well as the resistance level of the 4-hour timeframe at 1.1008. The pair rebounded from these two levels, once again showing that the bulls did not have enough […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – sideways. CCI: 51.8021 The British pound spent the fourth trading day of the week in a downward movement and settled back below the moving average line, failing to overcome the Murray level […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 64.2523 The EUR/USD currency pair finished the penultimate trading day of the week as we expected. Traders did not immediately start a downward movement, and finally worked out the area […]

Gold price is trading around $1,727 where we find the first support by the tenkan-sen Daily indicator. Key support remains at $1,710-$1,700 area where we find the kijun-sen and the broken downward sloping resistance trend line. Black line – resistance broken Gold price is back testing the Ichimoku cloud indicators and the broken trend line […]

USDCAD since mid March has been making lower highs starting from 1.4343, while the last lower high is at 1.4141. At the same time price is pulling back towards 1.3850 and so far we have seen 3 lows in the same price area. Red lines – triangle boundaries USDCAD has formed what we call a […]

The Bank of Japan will hold an emergency meeting tomorrow. As a rule, members of the Japanese regulator do not hold meetings in May – after the April meeting, there is a June meeting. But, to paraphrase a Latin expression, we can say that “desperate coronavirus times require desperate measures.” Therefore, Harukiko Kuroda decided to […]

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 […]

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 […]

Minuette operational scale (H4) The main cross-instruments EUR/GBP, GBP/JPY, and EUR/JPY in the H4 timeframe – options for the development of the movement from May 22, 2020. ___________________ Euro vs Great Britain pound The development of the movement of the “main” EUR/GBP cross-instrument from May 22, 2020 will be determined by the direction of 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). Currently, Atypical Bearish Head & Shoulders reversal pattern may be in progress. The pair was recently […]

The euro finally found its footing this week, bolstered by a Franco-German plan for a European recovery fund worth half a trillion euros to assist the economies most devastated by the crisis. Although the proposal is a step in the right direction for establishing some debt-sharing mechanism that ultimately sets the stage for Eurobonds, its […]

US labor market data may be a cold shower for those who believe in renewed growth due to the completion of quarantine measures. The growth of initial applications gained to 2.438 thousand, repeated more than 25 million, which is significantly worse than forecasts. The US economy has not yet begun its recovery, and stock indices […]

EUR / USD On May 20, the EUR / USD pair gained about 50bp and thus continued construction supposed wave 3 in C in B. If the current wave marking is correct, then the increase in quotes will continue with targets located around 11 and 12 figures. And then a successful attempt to break the […]

EUR / USD On May 20, the EUR / USD pair gained about 50bp and thus continued construction supposed wave 3 in C in B. If the current wave marking is correct, then the increase in quotes will continue with targets located around 11 and 12 figures. And then a successful attempt to break the […]

Today, the weekly unemployment report in the US came out and revealed that the number of unemployed already rose to 2.4 million people. This is stabilization at a high level. This is about 20% and by far the highest unemployment rate since the 1930s. Such a huge negative should sooner or later break the growth […]

Today, the weekly unemployment report in the US came out and revealed that the number of unemployed already rose to 2.4 million people. This is stabilization at a high level. This is about 20% and by far the highest unemployment rate since the 1930s. Such a huge negative should sooner or later break the growth […]

The UK 100 index (Cash) looks to be mostly neutral in the very short-term after an ascent from the March 30 low of 5,294. The short-term oscillators reflect a stall in the positive momentum. The MACD is flattening in the positive area, while the stochastics, which are currently dropping lower are suggesting an overbought market. […]

Facebook stock opened at fresh record highs on Wednesday and ran as high as 231.24, successfully recovering February’s virus-led downtrend that bottomed at a 14-month low in mid-March. The short-term bias is now viewed as cautiously positive as the price has pierced the upper Bollinger band, while the RSI has entered the overbought territory, both suggesting that […]

From the point of view of complex analysis, we can see the formation of a flat in the trading chart. The last trading day was more active than expected. The quote managed to resume the upward movement, during which the psychological level of 1.1000 was affected. Market participants completed the cycle from the lower border […]

Corona News : A top US scientist has said that people should not count on a Covid-19 vaccine being developed any time soon, as global infections passed 5 million after surges in Latin America, including Brazil, which has recorded nearly 20,000 new cases. William Haseltine, the groundbreaking cancer, HIV/AIDS and human genome projects researcher, has […]

To open long positions on EURUSD, you need: The data released in the first half of the day on activity in the service and manufacturing sectors of the Eurozone provided support to the euro, as a result of which the bulls managed to regain the resistance of 1.0979, which I drew attention to in my […]

Today, crude oil is extending gains amid the record levels over the past ten weeks. The reason is the news about a reduction in the US oil inventories during the second week in a row. In the London Stock Exchange, the price of Brent oil futures rose by 2.15%, which is equivalent to 0.77 US […]