Bearish mood persists in this week’s trading. The first goal of the decline has already been achieved, and the weekly CZ 1.2210-1.2167 will be the basis for further movement. If the testing today leads to an increase in demand, as well as “absorption” of the daily level, sales should be consolidated, and favorable prices should […]

Bearish mood persists in this week’s trading. The first goal of the decline has already been achieved, and the weekly CZ 1.2210-1.2167 will be the basis for further movement. If the testing today leads to an increase in demand, as well as “absorption” of the daily level, sales should be consolidated, and favorable prices should […]

EUR/USD The euro traded in the range of 86 points on Wednesday, taking note of the resistance of the MACD line on the daily chart, it ended the day with a loss of 28 points. The Marlin oscillator did not leave the zone of negative values. We are waiting for the euro to support the […]

GBP/USD The pound was pinned under the MACD indicator line on the daily chart yesterday, and now the price tends to be even lower, under the Fibonacci level of 161.8%. The Marlin is falling in the zone of negative values, the nearest target of 1.1935 at the Fibonacci level of 200.0% is open. The price […]

AUD/USD The Australian dollar repeated Tuesday’s fluctuating scenario on Wednesday, and so it also ended the day with a moderate decline. The main conclusion of those days was the aussie’s comprehension of the strength of the technical resistance of the price channel line on the daily chart. Now the price appears with more confident bearish […]

USD/JPY The US stock market has been falling for two days, increasing the talk of a second wave of market decline. The S&P 500 fell by 1.75% yesterday. The yen strengthened by 11 points. The price is in no hurry to leave the consolidation range between the two lines of the price channel on the […]

GBP/USD 1H There has been an openly downward trend for the GBP/USD pair in the last few days on the hourly chart. Bears attack very strongly, bulls have nothing to oppose. However, traders met a barrier in the form of a support area of 1.2198 – 1.2216 on their way down, which formed on April […]

EUR/USD 1H Quotes of the euro/dollar pair rose yesterday to the Senkou Span B line and the resistance area of 1.0881 – 1.0893 on the hourly timeframe, from which they had already rebounded several times before. And this time the pair rebounded off this strong area and line. Thus, a new round of downward movement […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – downward. CCI: -173.6052 The British pound starts the fourth trading day of the week in a downward movement inside the same 400-point side channel, continuing to approach its lower border. Thus, in […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – sideways. Moving average (20; smoothed) – sideways. CSI: -39.1184 On Thursday, May 14, the EUR/USD currency pair starts with the resumption of a downward movement within the side channel. However, the pair’s movements in recent days no longer […]

4-hour timeframe Average volatility over the past five days: 69p (average). The EUR/USD pair continued a slurred upward movement on Wednesday, May 13. “Indistinct” – due to frequent corrections and pullbacks, which, in principle, is due to the side channel, inside which the euro/dollar continues to trade. We have repeatedly said that the pair is […]

4-hour timeframe Average volatility over the past five days: 69p (average). The EUR/USD pair continued a slurred upward movement on Wednesday, May 13. “Indistinct” – due to frequent corrections and pullbacks, which, in principle, is due to the side channel, inside which the euro/dollar continues to trade. We have repeatedly said that the pair is […]

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 […]

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 […]

Few weeks ago, the EURUSD pair has expressed significant 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 (Fibonacci Level 50%). Key Supply-Levels in confluence with significant Fibonacci levels are located around 1.1075 […]

EURUSD bulls tried to move above the resistance of 1.0880-1.09 but they were unable. Price got rejected once again at the Kumo and this is a bearish sign. EURUSD is now approaching key short-term support. EURUSD prices moved inside the Kumo initially but sellers were too strong. Price got rejected for the third time and […]

Gold price is back above $1,700-$1,705. This is a sign of strength. However price remains trapped below important resistance trend line making price create lower highs. The Ichimoku cloud indicator so far supports the bullish continuation scenario. Black line -resistance trend line Gold price remains in a bullish trend in the Daily chart. Price is […]

Two factors collided around EURUSD on Wednesday afternoon: Speech by Fed Chairman Powell, and a statement by the German Chancellor in support of the unity of the EU and the eurozone. Euro volatility increased slightly. You may consider purchases upon breaking through 1.0900 upwards, You may consider sales after a breakdown at 1.0825. This is […]

Greetings cryptocurrency enthusiasts! So the triumphant halving of Bitcoin came, which was anticipated for so long. But what changes have occurred and what to expect in the future? Let’s take it in order. In the new story, three BTC halvings are known: November 28, 2012; On July 9, 2016, and May 11, 2020, each subsequent […]

Greetings cryptocurrency enthusiasts! So the triumphant halving of Bitcoin came, which was anticipated for so long. But what changes have occurred and what to expect in the future? Let’s take it in order. In the new story, three BTC halvings are known: November 28, 2012; On July 9, 2016, and May 11, 2020, each subsequent […]

The European currency and the British pound strengthened their positions against the US dollar after the release of a number of fundamental statistics for March this year, which clearly shows the beginning of a recession in developed economies. Today’s report on the rate of decline in the UK’s GDP is only a distant echo of […]

Interest rate differentials have traditionally driven the FX market, but now that every major central bank has slashed rates to zero, what will guide currencies? In a nutshell, it might be a blend of how high the risk of future shutdowns is, relative growth performance coming out of the crisis, global risk sentiment, and politics. […]

JP 225 stock index (Cash) continues to gradually appreciate backed by the positively charged simple moving averages (SMAs). Further fuelling the upward incline, are the Ichimoku lines – though slightly weakened – and the Ichimoku cloud. Glancing at the short-term oscillators, they too reflect some stalling in momentum despite remaining in positive territories. The MACD, […]

GBPJPY has come under renewed selling pressure, falling back below its 20- and 40-period simple moving average (SMA), but remaining slightly above the 38.2% Fibonacci retracement level of the up leg from 124.00 to 135.70 at 131.24. Looking at momentum oscillators on the 4-hour chart though, they suggest further declines may be on the cards. […]

Australia is among the few fortunate countries that can claim success in quickly containing the spread of the coronavirus. But on Thursday, the latest employment report, due at 1:30 GMT, will reveal what the cost of that success was on the labour market. The number of job seekers is expected to have soared in April. […]