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 […]

UK 100 stock index (Cash) is losing steam within the Ichimoku cloud after reversing from the 6,230 level, that being the 50.0% Fibonacci retracement of the down leg from the 7,689 peak to the multi-year low of 4,778. Backing the last two-week deterioration in price is the fading red Tenkan-sen line and the falling stochastics. […]

Relations between the US and China may worsen. Although it has not yet reached a real scandal, the United States continues to “inflate” the problems of COVID-19 distribution, placing full blame on China and blaming it for all the consequences that occurred after the outbreak of the pandemic. During today’s interview, Donald Trump said that […]

The dismal comments of Fed Chairman Jerome Powell and the growing pessimism about the V-shaped recovery of the US economy caused the S&P 500 to fall and supported the greenback, while the euro, weighed down by internal problems, sank again. The economic situation in Europe is far from being the best. In March, industrial production […]

USDTRY held in losses for more than a week, dropping marginally below the 20-day simple moving average (SMA). The RSI continues to head lower in bullish area, while the MACD oscillator keeps falling beneath its trigger line, both suggesting a weaker price momentum in the short-term. The price is currenty touching the flat Kijun-sen line and any declines below […]

Yesterday I noted how EURUSD got rejected once again and the inability to recapture 1.0880-1.09 could lead price lower. Support was at 1.0845-1.0830 and failure to hold this level, would price below 1.08 as I explained yesterday. Red rectangle -resistance Green rectangle – support EURUSD is trading below 1.08 once again as expected. Price action […]

To open long positions on GBPUSD, you need: In my morning forecast, I paid attention to sales at the breakdown and consolidation below the level of 1.2203. If you look closely at the 5-minute chart, you can see how the bears managed to break below this range and even tested it from the bottom up, […]

To open long positions on EURUSD, you need: From a technical point of view, nothing much has changed, and the data on inflation in Germany managed to keep the euro from falling further. In my morning forecast, I paid attention to the level of 1.0787 and recommended opening long positions from it when a false […]

Gold price has not made any important movement today. Price action is quiet. Gold price remains above key support of $1,700 and below key short-term resistance of $1,720-25. Gold price has more chances of breaking upwards as long as we trade above $1,700. Black line – resistance trend line Gold price remains above both the […]

BTC News: Major cryptoasset exchange Coinbase claims that although most of its users initially favor bitcoin (BTC), the vast majority also go on to trade altcoins and other digital assets. In ablog post, the platform claimed, “Among customers with at least five purchases, 60% start with bitcoin but just 24% stick exclusively to BTC.” It […]

Corona virus summary: Singapore Airlines has reported an annual loss of almost $150m, driven by the collapse in air travel caused by the coronavirus pandemic, and the latest sign of the outbreak’s devastating impact on the aviation sector. The airline group – which includes subsidiaries SilkAir and Scoot – suffered a net loss of Sg$212m […]

Corona virus summary: Singapore Airlines has reported an annual loss of almost $150m, driven by the collapse in air travel caused by the coronavirus pandemic, and the latest sign of the outbreak’s devastating impact on the aviation sector. The airline group – which includes subsidiaries SilkAir and Scoot – suffered a net loss of Sg$212m […]

The statements of Fed Chairman Jerome Powell and increased pessimism about the V-shaped recovery of the US economy caused the S&P 500 index to fall, but provided support to the dollar. The euro, meanwhile, weighed down by internal problems, sank again. The economic situation in Europe is not going well. The region’s industrial production declined […]

Corona virus summary: The Japanese prime minister, Shinzo Abe, has lifted the state of emergency for 39 of its 47 prefectures, but said it would remain in place in Tokyo, as well as the second-largest urban area of Osaka, until the novel coronavirus is contained. Abe also said he would begin work on a second […]

EURJPY has fully-reversed this week’s gains, pulling back below its simple moving averages (SMA) on the four-hour chart and back into the 115.00 territory. More importantly, the downside correction confirmed another lower high at 116.85, further enhancing the bearish trend which started early this year, and with the RSI falling below its 50 neutral mark, […]

EURJPY has fully-reversed this week’s gains, pulling back below its simple moving averages (SMA) on the four-hour chart and back into the 115.00 territory. More importantly, the downside correction confirmed another lower high at 116.85, further enhancing the bearish trend which started early this year, and with the RSI falling below its 50 neutral mark, […]

USDCHF appears to have found some footing from the 50-day simple moving average (SMA) and is attempting to climb over the 23.6% Fibonacci retracement of the up leg from the multi-year low of 0.9182 to the three-month peak of 0.9900. Recent price action has improved slightly – something also reflected in the 50-day SMA and […]

USDCHF appears to have found some footing from the 50-day simple moving average (SMA) and is attempting to climb over the 23.6% Fibonacci retracement of the up leg from the multi-year low of 0.9182 to the three-month peak of 0.9900. Recent price action has improved slightly – something also reflected in the 50-day SMA and […]

Overview: The AUD/USD pair (Australian Dollar) pulls back from major level, for that the AUD/USD pair fell from the top of 0.6548 to close at the 0.6400 level. We are still looking for bullish market as long as the price is set above the area of 0.6350. The AUD/USD pair will continue to rise from […]

Overview: The AUD/USD pair (Australian Dollar) pulls back from major level, for that the AUD/USD pair fell from the top of 0.6548 to close at the 0.6400 level. We are still looking for bullish market as long as the price is set above the area of 0.6350. The AUD/USD pair will continue to rise from […]

The relatively positive trend of the New Zealand dollar, which has been tracked for several weeks, ended in a huge failure. The currency of a cozy island nation collapsed after a meeting of the Reserve Bank of New Zealand (RBNZ). According to a statement by Adrian Orr, head of the RBNZ, the regulator decided to […]

From the point of view of complex analysis, we can see a rapid downward move, which eventually worked out most of the previous impulse. A bearish mood persisted yesterday, during which the quote rebounded from the 1.0880 area and headed towards the level of 1.0800. The surge in activity on May 12, which was more […]

From the point of view of complex analysis, we can see a rapid downward move, which eventually worked out most of the previous impulse. A bearish mood persisted yesterday, during which the quote rebounded from the 1.0880 area and headed towards the level of 1.0800. The surge in activity on May 12, which was more […]

USDCHF appears to have found some footing from the 50-day simple moving average (SMA) and is attempting to climb over the 23.6% Fibonacci retracement of the up leg from the multi-year low of 0.9182 to the three-month peak of 0.9900. Recent price action has improved slightly – something also reflected in the 50-day SMA and […]

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 […]