At the end of this week, the Canadian dollar has no reason to be sad: experts predict that the “loonie” will rise. However the US currency in the USD/CAD pair cannot boast of such optimism: it is under pressure from disappointing economic data. Some imbalance in the USD/CAD pair is taking place against the backdrop […]

The euro stood dead in its tracks despite the release of data on applications for unemployment benefits. But then the single currency suddenly began to grow when the European session was about to end. At the same time, no macroeconomic data was published at this time. The reason for this is the trade agreement between […]

The issue of aggressive claims by the United States and Europe against China has faded into the background, but is unlikely to completely disappear. It will pop up and continue to excite financial markets, which are trying to assess prospects of not only individual economically important countries, but also the world economy as a whole. […]

US nonfarm payrolls today will be a horror show, but will markets care? Stocks set for more gains on trade news and bets Fed will cut to negative Dollar and yen retreat amid risk-on mood, but losses limited Commodity currencies climb, loonie eyes its own jobs report Worst nonfarm payrolls ever, by far The disconnect […]

GBPJPY is making a second attempt to jump back into the range of 135.73-132.00 after the drop to a five-week low of 130.63. The 132.00 level did not let the bulls pass on Thursday and should it stand firm once again, the price may reverse south to retest this week’s support of 130.63, where any violation may trigger a sharper […]

GBPJPY is making a second attempt to jump back into the range of 135.73-132.00 after the drop to a five-week low of 130.63. The 132.00 level did not let the bulls pass on Thursday and should it stand firm once again, the price may reverse south to retest this week’s support of 130.63, where any violation may trigger a sharper […]

To open long positions on GBP/USD, you need: To get started, let’s look at the deals that were on the British pound yesterday afternoon. I paid attention to the probability of a breakout 1.2342 and recommended selling from there. We see how buyers tried to stop the pound from falling near the 1.2300 level, which […]

To open long positions on GBP/USD, you need: To get started, let’s look at the deals that were on the British pound yesterday afternoon. I paid attention to the probability of a breakout 1.2342 and recommended selling from there. We see how buyers tried to stop the pound from falling near the 1.2300 level, which […]

USDCAD is currently declining towards the lower band of the Ichimoku cloud, though still confined within a consolidation that commenced on April 6. Looking towards the Ichimoku lines and the cloud, they suggest the sideways market may endure a while longer, with their somewhat horizontal tone. Turning to the short-term oscillators, they too portray a […]

The US 30 Cash index appears to be forming a head and shoulders pattern in the 4-hour timeframe in a possible signal for a negative trend reversal. In the previous downfall, the price failed to slip below its previous low of 23,322 and reversed north again, surpassing the flat 50- and 100-period simple moving averages (SMAs). […]

To open long positions on EUR/USD, you need: To get started, let’s go over yesterday’s deals that were formed in the afternoon. I have repeatedly paid attention to the breakout of support 1.0787 and counted on further movement down from this level. If you look at the 5-minute chart, you can see how the bears […]

The Gold price has confirmed once again that it could increase further in the weeks ahead after the minor consolidation. It is trading at $1,718 level and is still located within a chart pattern, but yesterday’s candle has signaled a potential upside breakout and further growth. The price has rallied as the USD has depreciated […]

Forecast for May 8: Analytical review in H1 scale: For Gold, the main key levels on the H1 scale are: 1753.89, 1740.22, 1731.37, 1718.34, 1707.86, 1701.25 and 1691.00. Here, we continue to monitor the ascending structure of May 1. The continuation of the upward movement is expected after the breakdown of the level of 1718.34. […]

Trend analysis (Fig. 1). Today, the downward trend is likely to continue from the level of 1.0861 – a 50% pullback level (presented in a blue dashed line) with a target at the lower fractal 1.0768 (presented in a red dashed line). Upon reaching this level, the price may continue to move downward with the […]

Forecast for May 8: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.0945, 1.0922, 1.0886, 1.0859, 1.0824, 1.0798, 1.0766 and 1.0728. Here, the price forms the potential for the upward movement of May 7. Short-term upward movement is expected […]

Signals for the EUR/USD pair: If the pair breaks through at 1.0882, the euro is likely to grow to 1.0923 and 1.0972. A breakthrough at 1.0826 can lead to a sell-off of the euro to 1.0771 and 1.0728. Signals for the GBP/USD pair: If the pair breaks through at 1.2411, the British pound is likely […]

Crypto Industry News: It seems that Bitcoin has again started to stand out from traditional markets, as investors have again focused on the upcoming halving. While, the highest cryptocurrency in market value, it has gained almost 5.9% so far this month, while gold has fallen by 1%. Meanwhile, on Wednesday the S&P 500, the Wall […]

Crypto Industry News: The Commodity and Futures Commission (CFTC) has charged US and Israeli companies with alleged fraud of $ 15 million, including cryptocurrencies and binary options. Court documents mention two major frauds, the first of which occurred between October 2013 and November 2016 and concerns binary options. The second concerns digital resources such as […]

Technical Market Outlook: The target for EUR/USD bears has been seen at the level of 1.0779 – 1.0767, which is a key short-term support zone for bulls. This zone was hit yesterday and the EUR/USD bounced towards the nearest technical resistance located at the level of 1.0846 after a Pin Bar candlestick was made. The […]

Technical Market Outlook: The GBP/USD pair has tested the technical support located at the level of 1.2297, made a low at the level of 1.2265 before the Pin Bar candlestick was made. The bounce from the support was shallow as the price has been capped again at the resistance located at the level of 1.2405. […]

EUR/USD On Thursday, investors decided to fix short-term profit on sales from May 4, the euro gained 42 points by the end of the day. The signal line of the Marlin oscillator almost touches the border with the growth territory, and whether the indicator will turn down or not from it, raises a big question, […]

AUD/USD The Australian dollar gained 98 points yesterday thanks to a general weakening of the US currency and optimistic data on the Chinese economy. China’s trade balance in April showed growth from 19.9 billion dollars to 45.3 billion against the forecast of 9.1 billion. The trade balance of Australia showed an increase from 3.87 billion […]

USD/JPY The dollar grew by 17 points against the yen on Thursday, the highest of the day was met by strong resistance of the embedded line of the price channel on the daily chart. A fall exactly along the Fibonacci time line did not follow, this instrument is losing influence. The Marlin oscillator continues to […]

EUR/USD 1H Quotes of the euro/dollar pair, as we expected the day before, fell to an ascending long-term trend line drawn at the lows of March 23 and April 24 on the hourly timeframe. The pair did not reach the trend line by just a few points, but this is normal. A reversal occurred when […]

4-hour timeframe Average volatility over the past five days: 94p (high). The EUR/USD pair spent the fourth trading day of the week in absolutely calm trading. The volatility of the day at the time of writing is not more than 40 points. Thus, traders continue to ignore the entire macroeconomic background, fundamental background, and even […]