USD/JPY is trading in the green according to the H4 chart, but the pressure is still high as the pair is located below some strong upside obstacles. The pair has signaled an oversold situation in the short term, a USDX’s further increase could bring a reversal soon. The dollar has taken the lead as the […]

Good day, dear colleagues! This morning, the Reserve Bank of Australia (RBA) decided to maintain the basic interest rate at 0.25%, following the results of its meeting. The RBA said in a statement that there was a decrease in the volume of buying up new bonds, which amounts to 50 billion US dollars. According to […]

US stocks bounce back on medical headlines, rising oil prices, tech strength But FX market signals caution – yen and dollar hold strong, gold too Are investors piling into tech because of re-opening fears and US-China tensions? Euro suffers after German court decision on ECB QE Stock markets storm higher Wall Street continues to defy […]

The Australian dollar slightly rose after the results of the Reserve Bank of Australia’s May meeting were announced. Although the regulator voiced a pessimistic forecast regarding the growth prospects of the global and national economy, traders focused on other, more optimistic theses. As a result, the AUD/USD pair continues to remain in the middle of […]

EURJPY has barely improved after the plunge to a 3-year low of 115.43, with the pair erasing on Monday a significant portion of last week’s rally that drove the price as high as 117.76. The price has also pulled back below the middle Bollinger band and the RSI has failed to climb above its 50 […]

Technical outlook: EUR/USD has been retracing lower since 1.1020 highs last week. The correction might find support near 1.0800 levels, marked as an eclipse on the chart here. Also the back side of resistance trend line will act as support since EUR/USD has earlier broken into the buy zone. Ideally, prices should stay above 1.0730 […]

Technical outlook: EUR/USD has been retracing lower since 1.1020 highs last week. The correction might find support near 1.0800 levels, marked as an eclipse on the chart here. Also the back side of resistance trend line will act as support since EUR/USD has earlier broken into the buy zone. Ideally, prices should stay above 1.0730 […]

GBP/USD is trading at 1.2455 and it seems a further trajectory is unclear after the failure to make another higher high. The pair has shown exhaustion signs lately, but we still don’t have confirmation that the price will develop a corrective phase. The price has developed two reversal patterns, Head&Shoulders and Double Top, but it […]

GBP/USD is trading at 1.2455 and it seems a further trajectory is unclear after the failure to make another higher high. The pair has shown exhaustion signs lately, but we still don’t have confirmation that the price will develop a corrective phase. The price has developed two reversal patterns, Head&Shoulders and Double Top, but it […]

WTI crude oil futures have advanced considerably over the last five days, finding a top today near the 200-period simple moving average (SMA) after the completion of a double bottom pattern in the 4-hour chart. Also, the commodity is creating a new two-week high near 22.24 and the bullish action is confirmed from the bullish […]

GBPUSD is trading around the vicinity of 1.2462, that being the 50.0% Fibonacci retracement of the down leg from 1.3514 to 1.1410 and where the mid-Bollinger band currently lies. The pair failed on a second attempt to breach the overpowering flattened 200-day simple moving average (SMA), which has imprisoned the price for nearly a month […]

Mainland Europe finally records daily deaths no higher than 300, even in lagging Britain. Germany also observed a sharp drop in deaths for 5 consecutive days. US also records a decrease in fatality, with deaths of about +2,500 per day, twice lower than the highest figure recorded. The pandemic also seems to be receding in […]

Mainland Europe finally records daily deaths no higher than 300, even in lagging Britain. Germany also observed a sharp drop in deaths for 5 consecutive days. US also records a decrease in fatality, with deaths of about +2,500 per day, twice lower than the highest figure recorded. The pandemic also seems to be receding in […]

Markets are set up complacently on Tuesday morning, US stock indexes showed a slight increase the day before, oil is trying to push off the base, and yields have stopped falling. Trends give a temporary advantage to commodity currencies, but the chances that this is a long-term reversal are still vanishingly small. The dynamics of […]

Trend analysis (Fig. 1). Today, an upward pullback is possible from the level of 1.2443 (closing of yesterday’s candle) with the target at 1.2496 – a 61.8% pullback level (presented in a red dotted line). In case of breaking this level upwards, the next target will be at 1.2555 – a 75.4% retracement level (presented […]

Good afternoon traders! A trading idea for the CAD/JPY pair. The global financial crisis pulled the rates of all currency pairs down, but the CAD/JPY pair is the instrument which has recovered less than all cross-rates, the reason of which is the weakness of the Canadian dollar amid the collapse of oil prices. But the […]

Signals for the EUR/USD pair: A breakthrough at 1.0945 is likely to cause the euro to rise to the area of 1.0978 and 1.1013. If the pair breaks through at 1.0895, it can lead to a sell-off of the euro at 1.0852 and 1.0819. Signals for the GBP/USD pair: If the pair breaks through at […]

Technical Market Outlook: The GBP/USD pair has made a local low at the level of 1.2406, just above the 61% Fibonacci retracement located at 1.2397. Any violation of this level will open the road towards the next target for bears seen at 1.2310. There is a short-term ascending trend line close to this level, so […]

Technical Market Outlook: After a Shooting Star candlestick pattern has been made at the top of the move, the EUR/USD market reversed back below the high and is currently trading below the technical support located at 1.0893. The momentum is still strong and positive, but the market conditions are overbought, so the odds for another […]

Crypto Industry News: The crypto market Paxful announced today the extension of its charity initiative in Africa, with the launch of Fund for Africa, which is to allocate donations in Bitcoin to purchase the necessary resources to fight the coronavirus pandemic. As announced, the number of COVID-19 cases in Africa is increasing. The purpose of […]

Crypto Industry News: The number of Ethereum blocks has just reached 10 million. This is a significant milestone for the world’s second cryptocurrency in terms of market capitalization. According to Luit Hollander, the Ethereum network needed over 15 ZH computing power to extract this huge number of blocks in five years. We remind you that […]

Crypto Industry News: The number of Ethereum blocks has just reached 10 million. This is a significant milestone for the world’s second cryptocurrency in terms of market capitalization. According to Luit Hollander, the Ethereum network needed over 15 ZH computing power to extract this huge number of blocks in five years. We remind you that […]

To open long positions on GBP/USD, you need: Yesterday, after several unsuccessful attempts to continue pushing the pound‘s decline from the 1.2441 level, the bears retreated from the idea of reaching a new low of 1.2391, and gave up the 1.2441 level, which is another headache. The Commitment of Traders (COT) reports for April 28 […]

To open long positions on GBP/USD, you need: Yesterday, after several unsuccessful attempts to continue pushing the pound‘s decline from the 1.2441 level, the bears retreated from the idea of reaching a new low of 1.2391, and gave up the 1.2441 level, which is another headache. The Commitment of Traders (COT) reports for April 28 […]

To open long positions on EUR/USD, you need: Yesterday, in my review for the second half of the day, I recommended opening short positions from the resistance of 1.0945, and paying attention to purchases only after updating the major support of 1.0895, which happened. The 5-minute chart clearly shows how buyers are trying to form […]