To open long positions on EUR/USD, you need: Yesterday I paid attention to the possibility of selling from the resistance of 1.0831, which was not enough to test about 3-4 points. This is clearly visible on the 5-minute chart. The poor report of the European Commission and its forecasts for the future will continue to […]

GBP / JPY The market is signaling a medium-term decline in the GBP / JPY currency pair. The monthly chart of the GBP / JPY pair indicates a turndown of quotes below the balance line, which indicates trend stability. The same can be observed with the Marlin oscillator, which recently entered the downward trend zone […]

EUR/USD The euro lost around 70 points as a result of yesterday. This was not prevented by terrible data on job cuts in the private sector in the United States, where, according to ADP estimates, 29.236 million were lost in April. Investors have long adapted to negative employment data and are now optimistic about the […]

AUD/USD The aussie fell by 28 points on Wednesday, under the general pressure of the US dollar, and this morning it did not reach the first support of the enclosed price channel line. In general, we do not expect that the divergence on the Marlin Oscillator on the daily chart will be violated and the […]

USD/JPY The US stock index S&P 500 fell by 0.91% on Wednesday, which helped the USD/JPY pair to decline by 48 points. The price did not significantly fall exactly along the 9th Fibonacci time line, but maybe later, or it can be staged in an ongoing trend, as it happened from the 5th time line. […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – downward. CCI: -154.7020 The British pound continues to trade lower this trading week, which fully corresponds to our vision of what is happening. The third trading day of the week ended with […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – downward. CCI: -116.6766 The EUR/USD currency pair starts in a continuing downward movement on Thursday, May 7. Thus, the trend for the pair remains downward, but all the downward movement can end […]

EUR/USD 1H The euro/dollar pair continued to fall on the hourly timeframe yesterday, as we predicted. Since the Senkou Span B line has increased, now it is above the price, and there are no obstacles to move further down to the ascending long-term trend line. The future of the EUR/USD pair will be decided near […]

Gloomy economic data has become the new norm. The value of the British currency fell after a survey showed a record drop in construction volumes in the country. Due to the pandemic, the April index of procurement managers in the construction sector IHS Markit/CIPS UK fell to 8.2 from March 39.3. “The April figures brought […]

4-hour timeframe Average volatility over the past five days: 95p (high). The EUR/USD pair continued to trade lower on the third trading day of the week. Despite the fact that the fundamental background has been present in recent days and is quite interesting (but not significant for currency traders), nor the fact that macroeconomic reports […]

Tomorrow is an important day for the pound – the so-called “Super Thursday”, when within a single day, a large amount of information enters the market regarding the monetary policy prospects of the Bank of England and the British economy. Firstly, the May meeting of the English regulator will be held tomorrow, after which a […]

Recently, the GBPUSD has reached new LOW price levels around 1.1450, slightly below the solid Previous Weekly Low (1.1650) achieved in September 2016. That’s when the pair looked very OVERSOLD around the price levels of 1.1450 where a double-bottom reversal pattern was demonstrated. Bullish breakout above 1.1900 invalidated the bearish scenario temporarily & enabled a […]

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 […]

USDTRY bulls moved to an uncharted territory on Wednesday, unlocking a new all-time high of 7.192 on top of the previous record peak of 7.108 registered in 2018. The rally which keeps strengthening for the fourth consecutive week has put the market back in a long-term uptrend, increasing optimism for further upside that may next […]

Many traders waited for the European Commission report, from which it would be possible to make a more or less realistic assessment of future developments in the Eurozone economy, as well as make assumptions about what the further actions of the European Central Bank will be in relation to the expansion of the asset buyback […]

As per the ADP report, the US unemployment reached to 20.2 million for the private sector for the end of March and April, this is also the first report to include a crisis month. It is important whether the weekly increase in unemployment starts to decline noticeably like what happened last week with an interesting […]

GBPCAD found some traction at the 200-period simple moving average (SMA) of 1.7378 following a drop from the 1.7703 level. The price is still within the confines of a short-term trading range since April 8, something also endorsed by the somewhat flat and converged SMAs. The short-term oscillators display a paused picture of dried up […]

The Bank of England’s new governor Andrew Bailey will brief markets about the central bank’s policy decision and announce his first quarterly economic projections on Thursday at 06:00 GMT, earlier than the usual timing in order to comment on the interim Financial Stability report as well. Having deployed big stimulus firepower in previous meetings, the […]

EURUSD is in a bearish short-term trend. Today we focus on the bearish channel we are currently in and if we see a break out of the channel where can the pair bounce to. Price remains in a bearish trend on a daily basis so each bounce is still considered a selling opportunity. Red lines […]

Gold price got rejected at cloud and trend line resistance. Price is breaking down below important cloud support and I expect to the lower trading range boundary around $1,670 to be challenged soon. Red lines -trading range Black line -resistance trend line In our last analysis we warned that price was at important resistance levels. […]

To open long positions on GBP/USD: In my morning forecast, I recommended opening short positions on the pound after it broke through the support level of 1.2424. Bears managed to do so in the first half of the day and hit the level of 1.2360. Although the price didn’t try to break through this level […]

To open long positions on EURUSD, you need: In the morning forecast, I recommended selling the euro below the level of 1.0811, which led to an update of the next support in the area of 1.0787, where I advised opening long positions immediately on the rebound. If you look at the 5-minute chart, you can […]

The US employment report for April will hit the markets at 12:30 GMT on Friday and will reveal just how much economic damage the pandemic has inflicted on the American economy. Forecasts point to a breath-taking 21.8 million job losses, which would push the unemployment rate up to a staggering 16%. As for the dollar, […]

EURAUD has been extending its losses over the last couple of days, following the pullback on the 1.7180 resistance level, which lies near the short-term descending trend line. Currently, the price is trading not far below the 20- and 40-period simple moving averages (SMAs) and holds within the Ichimoku cloud in the 4-hour chart. The […]

BTC news: Ukraine’s acting energy minister has advised the country’s state-owned nuclear energy company Energoatom to consider mining crypto Ukraine has produced excess electricity due to COVID-19 lock-down ADVERTISEMENT Nuclear power plants in Ukraine may start mining bitcoin and other cryptocurrencies if a government proposal goes through. Ukraine’s acting energy minister Olha Buslavets has sent […]