USDCAD is trading not too far from the 20- and 40-day simple moving averages (SMAs), which are moving horizontally over the last sessions. The near-term bias is looking neutral-to-bearish as the RSI is flatlining marginally above the 50-neutral level, while the stochastics are pointing south and the %K and %D lines are ready for a bearish cross […]

GBPUSD is flashing bearish trend signals on the four-hour chart as the price seems to have completed a double-top pattern below 1.2246. With the shorter-term simple moving averages (SMAs) also having crossed below the longer-term SMAS, the pair could continue its bearish trajectory, though for that to happen the neckline around 1.2246 and near the 20-period SMA […]

Technical Market Outlook: The GBP/USD pair has broken below another technical support located at the level of 1.2246 and made a new local low at the level of 1.2165. Despite the oversold market conditions the momentum remains negative well and the odds for another wave down might be higher. The nearest technical resistance is seen […]

Technical Market Outlook: The GBP/USD pair has broken below another technical support located at the level of 1.2246 and made a new local low at the level of 1.2165. Despite the oversold market conditions the momentum remains negative well and the odds for another wave down might be higher. The nearest technical resistance is seen […]

Technical Market Outlook: After the rejection from the level of 50% Fibonacci located at 1.0892 due to a Bearish Engulfing candlestick pattern that was made at the end of the wave up, the EUR/USD pair has been seen moving slowly lower day by day. The bears are pushing the price towards the level of 1.0767 […]

Technical Market Outlook: After the rejection from the level of 50% Fibonacci located at 1.0892 due to a Bearish Engulfing candlestick pattern that was made at the end of the wave up, the EUR/USD pair has been seen moving slowly lower day by day. The bears are pushing the price towards the level of 1.0767 […]

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Crypto Industry News: Bitcoin Cash and Bitcoin SV hash rate after a dramatic fall following halving in April returned to normal after Bitcoin hash rate declined to May 11 According to data, the Bitcoin Cash hash rate increased by more than 90%, from 1.43 Exahash / second (EH / s) on May 10 to 2.74 […]

Signals for the EUR/USD pair: If the pair breaks through at 1.0818, the euro is likely to increase to 1.0856 and 1.0895. A breakthrough at 1.0772 can lead to a sell-off of the euro at 1.0728 and 1.0636. Signals for the GBP/USD pair: If the pair breaks through at the level of 1.2225, the British […]

Signals for the EUR/USD pair: If the pair breaks through at 1.0818, the euro is likely to increase to 1.0856 and 1.0895. A breakthrough at 1.0772 can lead to a sell-off of the euro at 1.0728 and 1.0636. Signals for the GBP/USD pair: If the pair breaks through at the level of 1.2225, the British […]

EUR/JPY corrected perfectly to the 61.8% target at 115.33 before going higher as expected. We will now be looking for a break above minor resistance at 116.38. A break above resistance at 116.86 will confirm that the next impulsive rally in wave iii/ is in motion to 119.34 and likely even closer to 121.16 on […]

To open long positions on GBP/USD, you need: Yesterday, I drew attention to purchases right away on a rebound in the region of a rather interesting level of 1.2170. If you look at the 5-minute chart, you will see how only a single test of this area resulted in a sharp rebound of the pair, […]

To open long positions on GBP/USD, you need: Yesterday, I drew attention to purchases right away on a rebound in the region of a rather interesting level of 1.2170. If you look at the 5-minute chart, you will see how only a single test of this area resulted in a sharp rebound of the pair, […]

GBP/JPY has broken clearly through short-term key-support at 131.88 indicating more downside pressure towards 128.53 on the way to just below 123.99. So, it is likely to complete the final decline from 147.95. Short-term resistance is now seen at 131.88 (former support turns to resistance). Ideally, this resistance will continue to protect the upside for […]

EUR/USD The euro fell by 12 points as a result of yesterday. The price did not attack the signal level for the bearish players at 1.0767 and began to consolidate in front of it. Consolidating under the indicated level opens up the movement to the embedded line of the price channel of the weekly chart, […]

GBP/USD Despite the strong intraday fluctuations of the British pound in the last four days, its quote goes lower and lower every day. Yesterday, the price consolidated below the MACD indicator line, the Marlin oscillator slightly fell in the negative trend zone. Immediate target at 1.1935 has become even more tangible. The price consolidated under […]

AUD/USD The Australian dollar traded in the range of over 60 points on Thursday, closing the day with symbolic growth. The Marlin indicator does not pay attention to the price and goes down its way, trying to move into the declining trend zone, with only a little bit left. The aussie’s first target is 0.6348 […]

USD/JPY The US stock index S&P 500 grew 1.15% on Thursday, due to moderately positive corporate reports. But this is happening against the backdrop of another aggravation of US relations with China, as America accuses the latter of spreading the viral infection. On the daily chart of the USD/JPY pair, the price touched the strong […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – downward. CCI: -120.8191 The British pound is trading lower for the fifth day in a row and has come close to the lowest possible border of the side channel. Thus, we still […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – sideways. Moving average (20; smoothed) – sideways. CCI: -158.2454 On Friday, May 15, the EUR/USD currency pair starts with a continuation of the downward movement within the side channel. However, the pair’s movements for several days in a […]

GBP/USD 1H The downward movement continued on the hourly chart for the pound/dollar pair on May 14. The day before yesterday, the price reached the support area of 1.2198 – 1.2216, which formed on April 3-7 and, thus, there was a question of overcoming this area. We managed to overcome it, but the bears did […]

EUR/USD 1H The EUR/USD pair tried to gain a foothold below the long-term upward trend line on the hourly timeframe yesterday, however, the attempt again failed. After that, the bears slightly loosened their grip and the pair rolled up, however, it was also impossible to go above the downward trend line (less long-term, and besides, […]

So, the next blitzkrieg of the bulls of the EUR/USD pair failed: after several attempts, the buyers could not gain a foothold above the 1.0880 mark and, all the more, enter the ninth figure. Surrendering under the onslaught of various fundamental factors, the bulls lost control of the situation, after which the bears quickly seized […]

Minuette operational scale (H4) The second half of May in the development of the movement of the main cross-tools EUR/GBP, GBP/JPY, and EUR/JPY (H4). ____________________ Euro vs Great Britain pound The development of the movement of the “main” cross-instrument EUR/GBP from May 15, 2020 will be determined by the development and direction of the breakdown […]

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 […]