Minuette operational scale (H4) The second week of May – a review of development options for the movement of the dollar and metals index – #USDX vs Gold & Silver on May 13, 2020. ____________________ US dollar index From May 13, 2020, the movement of the dollar index (#USDX) will be determined by the development […]

Good day traders! Yesterday, the British Prime Minister, who himself had been ill with COVID-19, addressed the House of Commons of the UK parliament in very cautious tones, reminding citizens to maintain utmost vigilance and limit contacts as much as possible. According to Johnson, any wrong move threatens to turn into a new outbreak of […]

Good day traders! Yesterday, the British Prime Minister, who himself had been ill with COVID-19, addressed the House of Commons of the UK parliament in very cautious tones, reminding citizens to maintain utmost vigilance and limit contacts as much as possible. According to Johnson, any wrong move threatens to turn into a new outbreak of […]

To open long positions on GBPUSD, you need: If you look at the 5-minute chart, we see the sellers tried to resume the downward movement of the pound in the continuation of the trend after the resistance update 1.2358, but this did not lead to a serious sale, but only led to the trading in […]

To open long positions on GBPUSD, you need: If you look at the 5-minute chart, we see the sellers tried to resume the downward movement of the pound in the continuation of the trend after the resistance update 1.2358, but this did not lead to a serious sale, but only led to the trading in […]

Germany will publish its preliminary GDP growth readings for the first quarter on Friday at 06:00 GMT. Although Eurozone’s initial estimates have already revealed a 3.8% contraction for the aforementioned period, markets could still pay some attention to the German numbers as a concerning report out of the largest EU economy could calm Berlin’s skeptical […]

Germany will publish its preliminary GDP growth readings for the first quarter on Friday at 06:00 GMT. Although Eurozone’s initial estimates have already revealed a 3.8% contraction for the aforementioned period, markets could still pay some attention to the German numbers as a concerning report out of the largest EU economy could calm Berlin’s skeptical […]

The GER 30 Cash index has been trading in an upward sloping channel since March 27 and is resting near the 20-period simple moving average (SMA) in the 4-hour chart. The RSI indicator is moving sideways in the positive area, while the MACD dropped beneath its trigger line. Both are suggesting a weak momentum in […]

The GER 30 Cash index has been trading in an upward sloping channel since March 27 and is resting near the 20-period simple moving average (SMA) in the 4-hour chart. The RSI indicator is moving sideways in the positive area, while the MACD dropped beneath its trigger line. Both are suggesting a weak momentum in […]

To open long positions on EURUSD, you need: If we look closely at the 5-minute chart, we will see that after the first resistance test of 1.0819, nothing changed in the market, and buyers chose not to force events and postponed their return until the publication of the inflation report, which also has not yet […]

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 […]

The GER 30 Cash index has been trading in an upward sloping channel since March 27 and is resting near the 20-period simple moving average (SMA) in the 4-hour chart. The RSI indicator is moving sideways in the positive area, while the MACD dropped beneath its trigger line. Both are suggesting a weak momentum in […]

The GER 30 Cash index has been trading in an upward sloping channel since March 27 and is resting near the 20-period simple moving average (SMA) in the 4-hour chart. The RSI indicator is moving sideways in the positive area, while the MACD dropped beneath its trigger line. Both are suggesting a weak momentum in […]

EURCHF is currently in the region of the multi-year low of 1.0504 restricted by the flattened Ichimoku lines. Despite negative pressures from the simple moving averages (SMAs) – specifically the 50-period SMA – and the Ichimoku cloud, the price is engaging with the red Tenkan-sen line, hoping to overtake it and build some positive backing. […]

EURCHF is currently in the region of the multi-year low of 1.0504 restricted by the flattened Ichimoku lines. Despite negative pressures from the simple moving averages (SMAs) – specifically the 50-period SMA – and the Ichimoku cloud, the price is engaging with the red Tenkan-sen line, hoping to overtake it and build some positive backing. […]

BTC News: As the Bitcoin (BTC) network is adjusting after its third mining reward halving, first signs of the falling hashrate are starting to appear, while block time, which should, in theory, be around 10 minutes, dropped to 1 minute on multiple occasions as first 100 post-halving blocks are being mined. While there is no […]

BTC News: As the Bitcoin (BTC) network is adjusting after its third mining reward halving, first signs of the falling hashrate are starting to appear, while block time, which should, in theory, be around 10 minutes, dropped to 1 minute on multiple occasions as first 100 post-halving blocks are being mined. While there is no […]

Corona virus summary: The WHO’s emergencies chief, Michael Ryan, has hailed the gradual lifting of coronavirus lockdowns in some countries whose death and infection rates were dropping, as a sign of “hope”, but he cautioned that “extreme vigilance is required”. He urged countries to boost their public health responses, ensuring they could identify fresh cases, […]

Corona virus summary: World Health Organization “We do have some treatments that seem to be, in very early studies, limiting the severity or the length of the illness, but we do not have anything that can kill or stop the virus,” spokeswoman Margaret Harris told a virtual briefing, referring to the body’s “solidarity trial” of […]

If the US dollar strengthens even against the backdrop of a rally in the US stock market, then where will the EUR / USD pair collapse if the S&P 500 starts to fall? Neither disturbing news from Germany about the geometric increase in the number of COVID-19 infected in the country after the quarantine was […]

USDCAD seems to have deflected off the capping 200-period simple moving average (SMA) after its latest attempt to gain ground within a range that commenced around April 6. The price has just pushed below the 1.4011 level, that being the 38.2% Fibonacci retracement of the up move from 1.2951 to the 50-month high of 1.4667 […]

It will be the UK’s turn next to post dire economic output figures as the coronavirus leaves no country spared. First quarter GDP estimates are due on Wednesday (06:00 GMT) and they will likely only be a taste of what to expect in the second quarter. With Britain resisting the urge to relax social distancing […]

Technical outlook: EUR/USD retraced lower yesterday before bouncing back from 1.0788 levels. The single currency pair is seen to be trading around 1.0821 levels at this moment of writing and is expected to push higher towards 1.1500 in the next few trading weeks. After this prolonged sideways trading activity between 1.0750 and 1.1100 levels, a […]

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 […]

From the point of view of complex analysis, we see another approach to the point of variable support, and now let’s talk about the details. The past days were expressed in a downward plan, where the quote gradually formed a measure from the level of 1.2620 towards the variable border of 1.2250, literally repeating the […]