The US 30 (Cash) index has been in a free fall over the last couple of days, recording a fresh three-year low of 20,398.83. The price is shifting the strong bullish tendency of the previous years to a sharp bearish structure in the short-term. However, according to the technical indicators the market is looking oversold. Technically, […]

GBPNOK is currently in the process of a pullback off a fresh more than four-year high, which it registered after the latest push off the 50- and 100-day simple moving averages (SMAs) on March 3. The price appreciation is also reflected in the upward sloping SMAs and the MACD, which, in the positive zone, is […]

Wall Street plunges 10% as market panic intensifies, powerful Fed intervention doesn’t help Dollar outperforms amid flight to safety, gold savaged by margin calls ECB doesn’t cut rates, euro pops higher but then crumbles as Lagarde says she’s not Draghi Pandemonium worsens despite Fed restarting QE Global markets are living a nightmare. The fear that […]

AUDJPY entered a consolidation phase on the four-hour chart after the bounce on the eleven-year low of 66.33 on Monday, but the move did not change the bearish structure of lower highs and lower lows in the bigger picture. The fact that the price is below its downward-sloping simple moving averages (SMA) further reduces the case […]

USDCAD looks to be overbought according to the technical indicators after the bullish rollercoaster occurred in the preceding days towards a fresh four-year high of 1.3960. The stochastic oscillator is flattening above the 80 level and is ready to post a bearish cross within the %K and %D lines. Also, the RSI is reversing to […]

Japan’s 225 stock index (cash) sustains a negative bearing stretching to a thirty-nine-month low of 17,510. The one-month collapse is fortified by the downward sloping 50- and 100-day simple moving averages (SMAs) and the recent bearish crossover between them. Furthermore, the falling Ichimoku lines boost the negative sentiment with the red Tenkan-sen line distancing itself […]

The US 100 stock index (cash) could not successfully breach the 200-day simple moving average (SMA) as the 8,300 resistance level stood tall, with the index pulling back below that line and towards a five month low of 7,602. Also, the price dropped below 7,789, which is the 50% Fibonacci retracement of the 5,838-9,750 long-term upleg, increasing speculation that the sell-off […]

USDCNH had an aggressive bullish start on Thursday, surpassing the short and medium term simple moving averages (SMAs) and the 7.0000 psychological level. While the SMAs are moving higher, mirroring the market’s positive behavior over the past three days, the RSI indicator is still holding in bullish territory, flagging that a recovery could reemerge in […]

USDCNH had an aggressive bullish start on Thursday, surpassing the short and medium term simple moving averages (SMAs) and the 7.0000 psychological level. While the SMAs are moving higher, mirroring the market’s positive behavior over the past three days, the RSI indicator is still holding in bullish territory, flagging that a recovery could reemerge in […]

ECB might not cut rates today – could introduce targeted lending measures and ramp up QE Stocks plunge, oil retreats after Trump bans all travel from Europe Yen back in vogue, but gold doesn’t get the memo Dollar holds firm despite risk aversion, reclaiming safe-haven status ECB may disappoint markets today, push euro briefly higher […]

Silver sellers appear to be in control as the commodity is nearing the 16.32 barrier – that halted previous declines – which is the 61.8% Fibonacci retracement of the up leg from 14.28 to 19.63. The negative push seems to have backing from the downward sloping 50-day simple moving average (SMA) and the momentum indicators. […]

GBPJPY stretched its sharp sell-off towards a fresh five-month low of 132.31 on Thursday and into a key support zone as the risk-off sentiment sharpened, with the pair further deviating below the 200-day simple moving average (SMA). Upside corrections or some consolidation cannot be ruled out in the near-term as the fast-Stochastics head north at […]

GBPJPY stretched its sharp sell-off towards a fresh five-month low of 132.31 on Thursday and into a key support zone as the risk-off sentiment sharpened, with the pair further deviating below the 200-day simple moving average (SMA). Upside corrections or some consolidation cannot be ruled out in the near-term as the fast-Stochastics head north at […]

USDJPY continues the selling interest underneath the 104.00 psychological level and the 23.6% Fibonacci retracement level of the bearish move from 112.20 to 101.15. The RSI indicator is pointing down again and the MACD oscillator is extending its bearish momentum well below its trigger and zero lines, suggesting a sharper bearish structure. The selling pressure […]

USDJPY continues the selling interest underneath the 104.00 psychological level and the 23.6% Fibonacci retracement level of the bearish move from 112.20 to 101.15. The RSI indicator is pointing down again and the MACD oscillator is extending its bearish momentum well below its trigger and zero lines, suggesting a sharper bearish structure. The selling pressure […]

As stock markets reel from the coronavirus, and investors flee to safe havens such as the yen and gold, the US dollar has turned out to be an unexpected casualty of the market turmoil. But after emergency rate cuts failed to lift sentiment, some movement on the fiscal policy front has managed to soothe investor […]

GBPCAD has been heading back north, after failing to close below the 1.7633 barrier, that being the 38.2% Fibonacci retracement of the up leg from 1.6969 to 1.8045. The improvement in the pair is following the mid-Bollinger band and is attempting to surpass the 23.6% Fibo of 1.7790, backed by the upward sloping simple moving […]

The European Central Bank (ECB) will announce its policy decision at 12:45 GMT on Thursday and even though markets have fully priced in a 10 basis-points rate cut, economists disagree. Indeed, with the central bank nearly out of ammunition and policymakers divided, the ECB may only introduce targeted lending measures and ramp up its QE […]

CADJPY bounced from an 8 ½-year low of 73.85 on Tuesday and expectations are for the positive momentum to resume in the short-term as the RSI prepares to exit the oversold area. Practically, the pair should overcome nearby resistance around 72.20 to stage a more sustainable rally that could initially pause around 78.20 and then near the […]

CADJPY bounced from an 8 ½-year low of 73.85 on Tuesday and expectations are for the positive momentum to resume in the short-term as the RSI prepares to exit the oversold area. Practically, the pair should overcome nearby resistance around 72.20 to stage a more sustainable rally that could initially pause around 78.20 and then near the […]

Brent futures sank towards a fresh low of 31.23 on Monday, creating a gap down, however, they covered some of the losses in the previous four-hour sessions. Looking at the technical indicators, the RSI turned lower but is still the near 50 level, while the stochastic oscillator is losing momentum after the bearish cross within its %K […]

Brent futures sank towards a fresh low of 31.23 on Monday, creating a gap down, however, they covered some of the losses in the previous four-hour sessions. Looking at the technical indicators, the RSI turned lower but is still the near 50 level, while the stochastic oscillator is losing momentum after the bearish cross within its %K […]

Recently, we have revisited two further Colombian cities to offer the opportunity for free forex education to an even greater number of online investors. The two event locations we returned to were Medellín on 29th February, followed by Cali on 7th March. Our dedicated team of company representatives, accompanied by forex instructor Felipe Erazo, welcomed […]

Recently, we have revisited two further Colombian cities to offer the opportunity for free forex education to an even greater number of online investors. The two event locations we returned to were Medellín on 29th February, followed by Cali on 7th March. Our dedicated team of company representatives, accompanied by forex instructor Felipe Erazo, welcomed […]

The UK 100 stock index (cash) bounced above the four-year low of 5,698 on Tuesday to lose some ground again on Wednesday despite the Bank of England reducing interest rates by 0.50 bps at an emergency meeting. With the RSI bottoming twice near its recent lows and jumping above the 30 oversold mark and the […]