EURGBP has been in a declining movement over the last sessions, remaining well below the Ichimoku cloud and the short-term simple moving averages (SMAs). Furthermore, the RSI is heading south in the bearish territory, while the stochastic is moving lower in the oversold zone. If prices continue to head lower, support should come from the […]

GBPJPY seems to be range bound, something also reflected in the flattening out of the slopes of the 50- and 100-period simple moving averages (SMAs). The directionless Ichimoku lines and the steadied cloud further reflect this view. That said, the short-term oscillators, although somewhat stalled, still lean towards a positive picture. The MACD, in the […]

Market mood turns cautious amid mixed signs on the global economy Bond yields extend gains as inflation expectations rise But big drop in US consumer confidence casts doubt on recovery Stocks softer, dollar crawls higher ahead of Jackson Hole Yields creep higher: sign of economic health or trouble? Risk appetite appeared to falter on Wednesday […]

Market mood turns cautious amid mixed signs on the global economy Bond yields extend gains as inflation expectations rise But big drop in US consumer confidence casts doubt on recovery Stocks softer, dollar crawls higher ahead of Jackson Hole Yields creep higher: sign of economic health or trouble? Risk appetite appeared to falter on Wednesday […]

Gold prices have been in a declining direction after strong rally towards the all-time peak of 2,074.89, but they found strong support at the 1,911 barrier over the last two weeks. The price is trading below the simple moving averages (SMAs) and the Ichimoku in the 4-hour chart. Furthermore, the RSI is heading south in […]

Gold prices have been in a declining direction after strong rally towards the all-time peak of 2,074.89, but they found strong support at the 1,911 barrier over the last two weeks. The price is trading below the simple moving averages (SMAs) and the Ichimoku in the 4-hour chart. Furthermore, the RSI is heading south in […]

NZDUSD has faded below the 50-day simple moving average (SMA) from a fresh seven-month high of 0.6714, somewhat stalling the bullish picture. However, the strengthening 50- and 100-day SMAs coupled with a forthcoming bullish crossover of the 200-day SMA by the 100-day one, may rapidly guide the pair higher again. The short-term oscillators are transmitting […]

NZDUSD has faded below the 50-day simple moving average (SMA) from a fresh seven-month high of 0.6714, somewhat stalling the bullish picture. However, the strengthening 50- and 100-day SMAs coupled with a forthcoming bullish crossover of the 200-day SMA by the 100-day one, may rapidly guide the pair higher again. The short-term oscillators are transmitting […]

USDJPY has been ticking higher over the last couple of days, though in the five-month picture it is still in a descending movement. Currently, the price is flirting with the 40-day simple moving average (SMA), while the RSI is hovering around its 50 level. Also, the MACD is moving higher in the negative territory, indicating an upside retracement in the short-term. […]

Speculation is mounting that Fed chief Jerome Powell will use the annual Jackson Hole conference of central bankers to announce a revamp of how monetary policy is set. The speech, scheduled for the first day of the economic symposium on Thursday at 13:10 GMT, could outline a shift by the Federal Reserve towards average inflation […]

CADJPY recently found some footing on the 200-day simple moving average (SMA), shifting the momentum to the upside. Aiding an appreciation in the pair are the bullish 50- and 100-day SMAs and the short-term oscillators. The MACD, in the positive region, has poked above the red trigger line while the RSI is increasing in the […]

EURCHF has been underperforming, breaking back below the key 200-period simple moving average (SMA) in the 4-hour chart. When looking at the bigger picture the pair lacks a clear trend and has been consolidating since July 14. Prices pulled back from the 1.0775 resistance level, which overlaps with the 40-period simple moving average (SMA) but […]

WTI oil futures penetrated above the 50-period simple moving average (SMA) currently at the cloud’s upper surface around 42.66, following a recent bounce on the 200-period SMA. A consolidated tone has grasped the commodity for the last couple of weeks but a relatively bullish bearing continues to dominate the SMAs. The short-term oscillators reflect a […]

Macroeconomic data is still sending a negative signal to the US dollar. The greenback paused after the data showed US consumer confidence fell to its lowest level in more than six years. This means that even as new home sales and manufacturing activity have increased in the Richmond district, lower consumer confidence in August is […]

In the period between April and June 2020, the GBPUSD has been moving sideways within the depicted consolidation range extending between (1.2265 – 1.2600) Transient bearish breakout below 1.2265 (consolidation range lower limit) was demonstrated in the period between May 13 – May 26, denoting some sort of weakness from the ongoing bullish trend. However, […]

The EUR/USD pair has been moving-up since the pair has initiated the depicted short-term uptrend line on July 21. By the end of July, a resistance level was formed around 1.1900 which prevented further upside movement for some time and forced the pair to have a downside pause towards 1.1715 in the form of a […]

To open long positions on GBPUSD, you need: After trading in the European session, nothing changed from a technical point of view, since volatility remained at a fairly low level, and the support and resistance levels, which are necessary for entering the market, were not updated. The bulls need to continue to protect the level […]

To open long positions on EURUSD, you need: Due to the lack of important fundamental statistics this morning, trading was mostly sideways with fairly low volatility. From a technical point of view, nothing has changed, since none of the levels planned for the morning have been tested. In the afternoon, a report on the volume […]

In the Gulf of Mexico, oil output in the volume of about 1.56 million barrels per day has been suspended due to the threat of Hurricane Laura. It is about 84% of all production. Besides, 310 offshore facilities have been evacuated. Such a shutdown was last seen 15 years ago. Hurricane Laura is already being […]

Further Development Analyzing the current trading chart of BTC, I found that our yesterday’s donward target at the price of $11,111 has been reached and that we got reaction from buyers there. The sellers are in control but to confirm further downside movement I would like to see the downside breakout of $11,111. In case […]

The EUR / USD pair remained trading in the same price range at 1.1700 // 1.1810 // 1.1910, with which price has come to the middle level around 1.1810, where it is fluctuating in a narrow range at 1.1784 / 1.1850. Because of this, volatility was only below 65 points, and such may give rise […]

We are not obliged to use whole PEPP envelope It seems to me we are in line with baseline scenario This just reinforces the notion that the ECB continues to adopt a more wait-and-see approach and will likely stay that way unless there is a hiccup in the economic recovery or that the recovery is […]

Gold continues to retreat. During the previous global economic crisis, investors bet on the growth of XAU/USD against the backdrop of a large-scale monetary stimulus that could lead to acceleration on inflation. Unfortunately, this did not happen, and the precious metal moved to the territory of the “bears”. It is generally assumed that the price […]

Gold drops but the bloodless movement could attract the buyers into the market again. The price stands at $1,918 level so it could come back higher anytime again as long it stays above $1,900 critical support level. The risk-off sentiment drove the lower down in the short term but the uptrend is unharmed, a strong […]

EUR/USD is into an uptrend, so the outlook/bias is bullish, meaning that the pair should resume its upwards movement. It is traded at 1.1936 and the next target is represented by the 1.2000 psychological level. I’ve told you in a previous analysis that you can buy EUR/USD if the quote jumps above the former high, […]