Gold prices are moving towards the latest high – being the seven-and-a-half-year high of 1,765 – continuing the upside move after the bounce off the 1,725 support level. The price holds above the mid-Bollinger band and the RSI keeps rising above the 50 level. Also, the MACD oscillator is trying to create a bullish cross […]

Equities pull back as vaccine doubts set in, still stuck in a range Yet broader FX market in a ‘risk on’ mood, yen bruised by BoJ news Bank of England speakers in focus today ahead of Fed minutes Markets look for another catalyst as vaccine rally falters The vaccine-powered euphoria that propelled stocks higher at […]

GBP/USD has rebounded as the USD was weakened by the USDX’s sell-off. The pair is trading at 1.2233 level and you should know that a further drop is under threat as the price is about to take out very strong and important resistance. The UK’s data has come in mixed today, the CPI has increased […]

On Tuesday, Fed Chairman Jerome Powell and US Secretary of Treasury Steven Mnuchin were on fire, as US lawmakers complained about an uneven distribution of aid funds during the pandemic. Powell and Mnuchin reported to the Senate Banking Committee, during which the US Congress discussed whether trillions of dollars should be added in the aid […]

The European currency is experiencing its finest hour: it finally received the support of European leaders and began to increase. However, experts fear that this rise will be temporary, and the “European” currency will be disappointing again. The wave of optimism that raised the euro was caused by the coordinated actions of the leading EU […]

USDJPY controlled by the 20- and 50-day simple moving averages (SMAs) the past few sessions is pushing for another soft green week that could see a test of the 108.50 barrier if the bulls manage to successfully breach the 50-day SMA and resistance around 107.97– being the 61.8% Fibonacci of the down leg with a […]

The markets were hit again by a wave of frustration caused by fiddling around the production and testing of COVID-19 vaccines. But on this background, the shares of the pharmaceutical companies Gilead and Moderna received good support, and the capitalization of the companies significantly increased in the moment, which, incidentally, cannot guarantee their further growth. […]

EURGBP appears to be finding some footing on the mid-Bollinger band since May 12. Further helping the move up are the recent bullish crossovers of the 200-period simple moving average (SMA) by the gradually rising 50- and 100-period ones. Taking a glimpse at the short-term oscillators, they reflect a pause in the positive picture. The […]

NZDUSD has been on the sidelines over the last six weeks with a strong resistance level at the 50.0% Fibonacci retracement level of the down leg from 0.6750 to 0.5476 at 0.6110 and the 0.6175 barrier. Also, it found significant support at the 0.5910 level and the lower surface of the Ichimoku cloud. The RSI […]

Crypto Industry News: This week, hackers have attacked numerous supercomputers across Europe with the intention of mining cryptocurrencies. Supercomputers had to be turned off to investigate intrusions. Security incidents were reported in the United Kingdom, Germany and Switzerland. In addition, according to the report, another possible attack took place in an advanced computer center in […]

Crypto Industry News: Robert Kiyosaki, businessman and author of the book Rich Dad, Poor Dad, again visited Twitter to announce his bullish position to Bitcoin. In a published tweet, Kiyosaki states that fear of a dying economy led him to buy more three assets, which he considers valuable outside of the traditional financial system: gold, […]

A sharp jump in the cost of oil sharply weakened the dollar. However, the rebound in oil prices that started yesterday morning, strangely enough, could not stop the euro’s growth. Surprisingly, it stopped almost as soon as the data on construction in Europe was published. And this is quite strange, since after that the market […]

Technical Market Outlook: The GBP/USD pair has made a new local high at the level of 1.2297, just at the upper channel boundary. Despite the lack of oversold market conditions the momentum remains negative ( the RSI points to the south) and the odds for another wave down are still high. The nearest technical resistance […]

Technical Market Outlook: The EUR/USD pair has broken through the level of 61% Fibonacci retracement at 1.0921 and rallied towards the level of 1.0951 which was the next technical resistance for bulls. The market has made a Doji candlestick at the top of the move at the level of 1.0976, just below the level of […]

The pair traded upward on Tuesday and tested the support line 1.2269 (presented in a red bold line). Today, the price may continue to move up. Economic calendar news for the pound is expected at 13:30 UTC, and for the dollar at 14:30 and 18:00 UTC. Trend analysis (Fig. 1). Today, the upward trend is […]

Forecast for May 20: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.1032, 1.1005, 1.0971, 1.0954, 1.0927, 1.0904 and 1.0877. Here, we are following the development of the ascending structure of May 14. The continuation of the upward movement […]

The global markets experienced a surge of enthusiasm on Tuesday, which was based on a report on successful trials of a vaccine against the coronavirus of the American company, Moderna. Moreover, the positivity was supported by sharply higher oil prices, since any messages that can be interpreted as contributing to a way out of the […]

The global markets experienced a surge of enthusiasm on Tuesday, which was based on a report on successful trials of a vaccine against the coronavirus of the American company, Moderna. Moreover, the positivity was supported by sharply higher oil prices, since any messages that can be interpreted as contributing to a way out of the […]

The pair traded upward on Tuesday and almost tested 1.0983 – an 85.4% pullback level (presented in a blue dotted line) and after that, it went 52 points downwards. Today, the price may continue to move up. Economic calendar news for the euro is expected at 09:00 UTC, and for the dollar at 14:30 and […]

The pair traded upward on Tuesday and almost tested 1.0983 – an 85.4% pullback level (presented in a blue dotted line) and after that, it went 52 points downwards. Today, the price may continue to move up. Economic calendar news for the euro is expected at 09:00 UTC, and for the dollar at 14:30 and […]

The euro-dollar pair stayed within the ninth figure for the second day, although the bears made an attempt to counterattack yesterday, reducing the price to 1.0902. And yet, they failed to return the pair to its previous positions at the end of Tuesday, in the area of the price range of 1.0750-1.0890. This indicates that […]

Today’s high and low from the Central Bank Dealer Range (CBDR) usually form at STDV 2-STDV 4 in the normal condition market. However, sometimes it can reach the STDV 5-STDV 6. Here’s are today’s levels: STDV 10 – 1.2505. STDV 9 – 1.2481. STDV 8 – 1.2457. STDV 7 – 1.2433. STDV 6 – 1.2409. […]

Today’s high and low from the Central Bank Dealer Range (CBDR) usually form at STDV 2-STDV 4 in the normal condition market. However, sometimes it can reach the STDV 5-STDV 6. Here’s are today’s levels: STDV 10 – 1.2505. STDV 9 – 1.2481. STDV 8 – 1.2457. STDV 7 – 1.2433. STDV 6 – 1.2409. […]

GBP/JPY broke out of the falling channel to the upside, missing our forecast. However, a break above short-term key resistance at 133.19 will indicate an upward trend. If it comes true, we should expect a rise in wave iii towards at least 141.05 and more likely an extended rally closer to the 161.8% extension of […]

EUR/JPY has finally rallied. The pair may reach the 161.8% target for wave iii/ at 119.31. in the short-term, we will see some GO-Stop action in play as the final waves four and five sub-waves will complete wave iii/ at 119.31. Short-term support is seen in the 117.37 – 117.48 support-zone which is expected to […]