GBPAUD is currently pushing up against the 100-day simple moving average (SMA) at 1.9460 after a bounce near the 200-day SMA’s region, which ultimately kept intact the medium-term positive outlook. Looking at the short-term oscillators, they paint an optimistic picture. The MACD is in the negative region and below its red trigger line but looks […]

Trend analysis (Fig. 1). On Friday, the market from the level of 1.0955 (yesterday’s closing of candlestick), may continue to rise with the goal of 1.0993 – the upper fractal (presented in blue dashed line). However, breaking up this level is unlikely. Breaking away from this level down, will lead us to a pullback work […]

EURJPY is currently stuck around the 117.24 level, that being the 50.0% Fibonacci retracement of the down leg from 119.03 to the 3-year low of 115.44. The pause trails a pivot at the 200-period simple moving average (SMA) after the recent aggressive thrust upwards from the 115.44 low overran the 50-and 100-period SMAs. Looking at […]

EURJPY is currently stuck around the 117.24 level, that being the 50.0% Fibonacci retracement of the down leg from 119.03 to the 3-year low of 115.44. The pause trails a pivot at the 200-period simple moving average (SMA) after the recent aggressive thrust upwards from the 115.44 low overran the 50-and 100-period SMAs. Looking at […]

EUR/USD – take profit! Good afternoon traders! Congratulations to those who used our trading idea yesterday for the EUR/USD pair, which was to work out the area of seller’s stops at the level of 1.09: Plan: Development: The movement passed more than 1000p! “Price Action” and “Stop Hunting” methods were used for the trading idea. […]

EUR/USD – take profit! Good afternoon traders! Congratulations to those who used our trading idea yesterday for the EUR/USD pair, which was to work out the area of seller’s stops at the level of 1.09: Plan: Development: The movement passed more than 1000p! “Price Action” and “Stop Hunting” methods were used for the trading idea. […]

Crypto Industry News: The top venture capital company Andreessen Horowitz creates a second cryptographic asset fund with a total value of USD 515 million, exceeding the initial plan by USD 65 million. As with the first cryptography-oriented a16z fund that raised $ 300 million in 2018, this new venture will reportedly focus on blockchain projects. […]

Markets go into risk averse mood as Trump threatens China with new tariffs Dire data, ECB inaction and mixed earnings further dent risk sentiment Liquidity thin due to May Day holiday; ISM manufacturing PMI coming up Trump’s tough on China rhetoric is back, spooks markets US President Donald Trump raised the prospect of fresh tariffs […]

Crypto Industry News: The Swiss Association of Capital Markets and Technology (CMTA) has published a common standard for the storage and management of digital assets. Announced on April 30 by CMTA The Digital Asset Storage Standard aims to sort out the differences between cryptocurrency storage and traditional assets, and to set basic security and operational […]

Yesterday’s trade closed above the weekly control zone of 1.0927-1.0909, which suggests a high probability of continued growth. The next target of the bullish momentum is the WCZ 1/2 of 1.1027-1.1018. The probability of reaching this zone is 75%, so any downward movement must be used to find favorable prices for buying. The first support […]

NZDUSD seems to have retraced slightly to the 0.6074 level – that being the 61.8% Fibonacci retracement of the down leg from the 0.6447 high to the 11-year low of 0.5468 – after the recent appreciation of the price above the simple moving averages (SMAs) and the Ichimoku cloud. The decline from 0.6175 appears to […]

Again, it depends on the angle at which you look at the published data. We believe that it could have been much worse, so we consider it relatively optimistic, or at least not a failure. The main macroeconomic indicators of the eurozone were published in the morning – data on inflation growth, GDP and unemployment. […]

4-hour timeframe Average volatility over the past five days: 76p (average). For the most part of the fourth trading day of the week, the EUR/USD pair was still trading as indistinctly as the entire first half of the week. With grief in half, quotes of the pair got out of the Ichimoku cloud, however, very […]

EUR / USD The EUR / USD pair gained about 50 basis points yesterday and, thus, continues to build a prospective wave 3 in C. If the current wave marking is correct, then the increase in quotes of the instrument will continue with targets located near 11 of the figure. However, with a successful attempt […]

EURUSD has formed a Head and Shoulders pattern as we explained in previous posts. However price got rejected at the neckline resistance and is turning lower breaking below key short-term support after the announcement of the weekly US jobless claims. As can be seen in the 1 hour chart above, price got rejected at the […]

EUR/USD: The ECB has spoken. US Employment Report for the week – +3.8 million new jobless claims. Long-term unemployment – 18 million (+2 million last week). Non-farm payrolls report is due to come out next week. Recent ECB announcement mentions the continuation of the 750-billion stimulus package, which purchases bonds to counter the severe risks […]

The decision of the European Central Bank did not affect the markets, as, in fact, the attitude of the regulator to monetary policy has not changed. According to the data, the European Central Bank left the deposit rate at -0.5%, although some expected that the rate could be lowered by 0.25% points. The regulator also […]

To open long positions on GBPUSD, you need: If we look at the 5-minute chart, we can see how the bears form a false breakout at the level of 1.2479 in the first half of the day and begin to gradually push the market down. However, the movement of more than 30 points does not […]

To open long positions on EURUSD, you need: From a technical point of view, nothing has changed, although the data on inflation in the Eurozone, which turned out to be much better than the forecasts of economists, provoked several attempts to break above the resistance of 1.0885, which I paid attention to in the morning. […]

From the point of view of complex analysis, we see an accumulation that signals an upcoming acceleration. The variable fluctuation, after touching the level of 1.2500, led to the formation of a temporary corridor of 1.2400 // 1.2450 // 1.2500, where the quote developed with a slight error. The movement reflected not just a slowdown, […]

Corona virus news: Banks and other lenders have today confirmed that a further three-month extension to the current payment break will be made available to customers that continue to be directly impacted by the fallout from Covid-19. Technical analysis: GBP/USD has been trading upwards as I expected. The price tested the level of 1,2520. I […]

Corona virus news: Nearly half the global workforce – more than 1.6 billion people –could lose their livelihoodsdue to coronavirus restrictions and lockdowns, according to a UN International Labour Organization report. These include many informal workers, such as domestic workers, agricultural workers and street vendors, who may not have worker benefits or social protection. “For […]

BTC News: Whalebot Alerts has reported that Tether issued more than 160 million new coins in the last 24 hours in just two transactions. The first $60 million were mintedwhen Bitcoin was valued at just over $8,000. A second transaction of $100 million USDT was issued just before BTC’s push past $8,500. Technical analysis: BTC […]

EURUSD: This day marks several important events, including the ECB decision at 11:45 UTC, and the press conference by the head of the ECB Christine Lagarde at 12:30 UTC. Moreover, a new weekly report on unemployment in the United States came at 12:30 UTC, which forecasted an additional 3 million new unemployed. You may keep […]

Technical outlook: GBP/USD outlook continues to remain bullish as 1.1414 is intact. The single currency pair is seen to be trading around 1.2513 levels at this point in writing and is expected to push higher towards 1.3200 resistance as marked on the 4H chart here. Please note that GBP/USD may correct lower before breaking higher […]