AUD/USD The Australian dollar continues to grow abnormally against the five-fold divergence of the price and the oscillator. When the price overcomes the next bullish level of 0.7296 (January 2019 high), the signal line of the Marlin oscillator will go above its forming line and the divergence will dissolve into the overall long-term picture, transforming […]

USD/JPY The dollar-yen pair fell by 58 points on Tuesday, having reached support for the embedded line of the price channel. The signal line of the Marlin oscillator is in the negative trend zone, but it is already showing the first signs of a reversal. Given the increased interest in risk in the stock markets […]

EUR/USD 1H The euro/dollar pair continued its upward movement on the hourly timeframe of August 18, breaking the resistance area of 1.1886-1.1910, which allowed buyers to continue to put pressure on the pair. Thus, the quotes reached the resistance level of 1.1958 by the end of the trading day, which is the second target this […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 262.6622 The British pound, following the European currency, also resumed its upward movement on Tuesday, August 18, and managed to overcome the Murray level of “8/8” – 1.3184, from which […]

Minute operational scale (H4) Continuing to beat the US dollar? Review of options for the movement of Gold & Silver on August 18, 2020. ____________________ Spot Gold The movement of Spot Gold from August 18, 2020 will occur depending on the development and direction of the breakdown of the range: resistance level of 2009.00 – […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 161.8946 The EUR/USD currency pair has been trading higher since August 12 after it failed to overcome the Murray level of “8/8” – 1.1719 for the third or fourth time. […]

The dollar has been growing for many years, but the coronavirus pandemic has confused all the cards, leaving its imprint on the American economy. Today, under the pressure of low yield of treasuries and gloomy macroeconomic data, the dollar fell to a 2-year low against a basket of competitors. The greenback was trading around 92.30 […]

Hourly chart of the EUR/USD pair The EUR/USD pair continued its upward movement on Tuesday, August 18. The illustration shows that the last upward reversal of the MACD indicator is encircled in red and it formed tonight. Unfortunately, most traders and novice traders sleep at night, so few opened buy positions. However, they had such […]

Hourly chart of the EUR/USD pair The EUR/USD pair continued its upward movement on Tuesday, August 18. The illustration shows that the last upward reversal of the MACD indicator is encircled in red and it formed tonight. Unfortunately, most traders and novice traders sleep at night, so few opened buy positions. However, they had such […]

On March 20, the EURUSD pair has expressed remarkable bullish recovery around the established bottom around 1.0650. Shortly after, a sideway consolidation range was established in the price range extending between 1.0770 – 1.1000. On May 14, evident signs of Bullish rejection as well as a recent ascending bottom have been manifested around the price […]

Today the EUR/USD pair tested the resistance level of 1.1940 – the upper line of the Bollinger Bands indicator on the daily chart. It cannot be said that this event was a big surprise: the clouds have been gathering over the American currency for a long time, so the next price spurt of EUR/USD looks […]

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 […]

After a historic collapse in economic output in the second quarter, the United Kingdom will likely enjoy a more cheerful set of data on Friday. Retail sales numbers for July are due at 06:00 GMT, to be followed shortly after by the IHS Markit/CIPS flash PMI readings for August at 08:30 GMT. Ahead of those […]

Cryptocurrency experts, inspired by the growth of the second most popular digital asset, predict a rise in Ethereum to $500. However, the digital currency may also decline despite good prospects and a surge of interest in ETH. Since the beginning of this year, Ethereum has advanced by 220%, surging from $130 in January to $430 […]

The price of gold is up by 1% Tuesday morning allowing it to step over its strategically and psychologically important mark of $ 2,000 per troy ounce. This was due to another recorded downward correction of the US dollar to the lowest values for the last two years. At the same time, market participants are […]

The greenback has been depreciating against its main competitors for the fifth trading session in a row. On Tuesday, the USD index updated two-year lows around 92.14 points. According to experts, the greenback was hit by a triple blow from the declining yield of US government bonds, weak US statistics, and reduced demand for defensive […]

Gold price remains inside the bullish medium-term channel. Trend remains bullish also in the short-term, however traders should keep in mind that another pull back close to the lower channel boundary is justified and very possible. Blue lines – bullish channel Black lines – Fibonacci retracement Gold price is showing reversal signs around the 61.8% […]

Bitcoin has reached our triangle breakout target of $11,000 and is staying above it making new higher highs. Trend remains bullish after the breakout and we see $13,000 as the next potential stop for the popular cryptocurrency. Red line- long-term resistance trend line Black lines – triangle pattern Blue rectangle- triangle breakout bullish target Green […]

Using the Ichimoku cloud indicator we have a new bearish signal for USDJPY in the Daily chart. Trend remains bearish as price is still below the Daily Kumo (cloud) but today’s break below the tenkan-sen and kijun-sen provides even more confirmation of the bearish scenario. Price is below the Kumo (cloud). This is bearish. Price […]

USDCAD remains in a bearish trend. Price has given an initial bearish signal back in 1.35 and has since then continued making lower lows and lower highs. Price has made an important resistance at previous key support at 1.3350. Red lines – medium-term bearish channel Blue lines – short-term bearish channel Blue vertical lines – […]

EURUSD breaks above resistance today and is making new 2020 highs. Price is making higher highs and higher lows and it seems that the consolidation period has ended and we are now again in a bullish move. Red rectangles- trading range Green line- short-term support As long as price is above the green short-term support […]

USDCAD is conveying a negative trajectory despite its recent footing around the near seven-month low of 1.3153. The prevailing negative bearing of the simple moving averages (SMAs) further supports this view. The short-term oscillators are currently reflecting conflicting signals of directional momentum although on a broader scale, the picture is still tilting negative. The MACD, […]

The EURUSD pair is coming out of 18-day consolidation below 1.1900. Looking back, we saw a way out of consolidation below 1.1400, and further growth by 500 points to 1.1900. By this logic, 1.2400 seems attainable. Further, the monthly candlestick is clearly bullish, thus those who considered purchases from 1.1810 with a stop at 1.165, […]

The oil market has always been dependent on politics. It used to be said that the price of black gold will change if the Prince of Saudi Arabia sneezes. In 2020, Donald Trump put an end to the oil war between Moscow and Riyadh. Currently, China is increasing purchases of American energy products, although it […]