Minute (h4) operational scale What trend will AUD/USD, USD/CAD, and NZD/USD follow in the second half of August? Let’s find out the scenarios of AUD/USD, USD/CAD, and NZD/USD from August 18, 2020 according to the 4-hour charts Australian Dollar vs US Dollar Starting from 18, 2020 a further move of the AUD/USD currency pair will […]

To open long positions on GBPUSD, you need: From a technical point of view, nothing has changed for buyers or sellers. The bulls tried to hold above the support of 1.3081, forming several false breakouts from it, which is clearly visible on the 5-minute chart. Also, several points were formed for entering long positions, which […]

To open long positions on EURUSD, you need: In the first half of the day, absolutely nothing happened, and this is the probability I drew in my morning forecast. However, sellers were able to please the resulting entry point into short positions, which we will now analyze with you. If you look at the 5-minute […]

The wave structure of the upward section of the trend, which originates on March 20, looks fully completed and took the form of a triple zigzag. The last wave Z may complicate its internal structure, but before a successful attempt to break through the 0.0% Fibonacci level, I would not recommend considering this option as […]

In the most global terms, the wave marking of the EUR/USD instrument looks quite complete. However, the entire section of the trend, which originates on March 20, can easily be transformed into a five-wave one. At the moment, everything looks as if the upward section of the trend is complete, and the internal wave structure […]

In the most global terms, the wave marking of the EUR/USD instrument looks quite complete. However, the entire section of the trend, which originates on March 20, can easily be transformed into a five-wave one. At the moment, everything looks as if the upward section of the trend is complete, and the internal wave structure […]

Oil prices are rising again after a drop on Friday. Brent futures for October rose by 0.83% to trade at $45.17 per barrel, moving from the close of the previous session. At the same time, WTI oil futures for September went up by 0.98% to settle at $42.42 per barrel. By the end of the […]

The US dollar continues to depreciate in relation to most major currencies on Monday. The dollar’s troubles are primarily related to the lack of agreement on the adoption of the next financial stimulus program from the US government. There is no way Democrats and Republicans can come to a consensus on the need for this […]

Disappointing statistics on US retail sales have become another nail in the coffin of the US dollar. The indicator fell short of the forecasts of Reuters experts, which in the conditions of increased sensitivity of the main world currencies to macro statistics, contributed to another weekly closing of the USD index in the red zone. […]

Over the past three weeks, the main currency pair has not been able to go beyond the range of 1.1700-1.1910. Moreover, the boundaries of fluctuations have become more narrow with the range of 1.1710-1.1865. According to National Australia Bank, “The good news at the moment is that the trade deal between the US and China […]

Further Development Analyzing the current trading chart of BTC, I found that BTC is testing the key pivot resistance at the price of $11,950 and you should watch carefully that level for the further directional play. Rejection of the pivot resistance at $11,950 can represent opportunity for downside rotation towards the $11,600 The breakout with […]

Asian stock markets experienced mixed dynamics on Monday. The main stock indicators did not only change sluggishly but also moved in different directions. This mainly concerns Japan’s Nikkei 225 index which began to fall after the release of statistics on the country’s GDP. In addition to this is the escalating conflict between the US and […]

Bloomberg with the headline, citing OPEC on the matter Just a heads up to the meeting later this week, in case we hear of how the compliance issue is going or any possible plans for future production cuts and what not. The latest reports are suggesting that OPEC+ sees ~95% compliance to its production cuts […]

Brexit negotiations start up again this week The usual round of negotiations will start off with tomorrow’s dinner, before getting into more serious talks on Wednesday and Thursday. Both sides will wrap things up on Friday before we are likely to hear from Barnier and Frost once again via their respective pressers. As I discussed […]

The dollar/yen pair actually ignored the release of data on Japanese economic growth in the second quarter today. And although the indicators updated multi-year anti-records, the yen remained at practically the same positions as before the publication. This “stress resistance” is explained, firstly, by the weakness of the US currency, and secondly, by the growth […]

The EUR / USD pair has been following the trajectory of the flat since Thursday last week, with which market participants failed to change the current trend. The sideways channel continues to develop, and sooner or later, speculators will proceed to take advantage of the situation, which will lead to a local surge in activity […]

EUR/USD moves sideways according to the H4 chart, the price tries to accumulate more bullish/upside energy before resuming the upwards movement. The outlook is bullish, the rate is expected to trade higher, reach new highs, as the uptrend is intact. The pair is trading at 1.1847, far above the uptrend line, so we could see […]

Aurania Resources copper and gold exploration in Ecuador searches for the old Spanish conquistadores mines and in addition to large copper mineralization. This might be the next Aurelian Resources. Aurania Resources want to repeat the huge success of Aurelian Resources where investors made 100 times their money, Dr. Keith Barron, CEO, and Chairman, Aurania Resources […]

AUDUSD appears to have secured its positive bearing for now, as the price nudged back above the simple moving averages (SMAs) and the Ichimoku cloud. Once again, the price resisted negative pressures and now stands on top of the 50-period SMA at the cloud’s upper surface at 0.7177. Yet, the recently directionless Ichimoku lines sponsor […]

USDJPY is edging lower over the last couple of sessions, finding strong resistance at the 106.65 barrier and the mid-level of the Bollinger band. The price is flirting with the lower Bollinger band and the 40-period simple moving average (SMA) in the 4-hour chart, while the technical indicators are returning down. The RSI is heading […]

The July Round (1-31 July 2020) of our 10th Anniversary promotion has ended. During the 10-month exclusive promotion celebrating XM’s decennial anniversary, all existing and new XM clients who join have the chance to win a lucky draw prize from the monthly grand total of $80,000, as well as earn tickets for the Grand Lucky […]

Dollar extends losing streak, yet most FX pairs stuck in narrow ranges Will the reversing trend in European/American infections affect euro/dollar? US stocks near record highs amid global liquidity tsunami Overall, things are calm as investors wait for the next catalyst – Congress? All quiet on the FX front, except the dollar The currency market […]

EURUSD has regained positive momentum, bouncing near the 1.1695 low where the price solidified the start of the recent progress that is heading towards the 26½-month high of 1.1915. Further aiding this move is the slight advancement of the already bullish Ichimoku lines and the recovery in the short-term oscillators. The MACD, although below its […]

Gold prices are returning slightly higher after the aggressive selling interest from the all-time high of 2,074.89 achieved on August 7. The price found immediate resistance at the 20-day simple moving average (SMA), while the technical indicators seem to be mixed. The MACD oscillator is falling well below the trigger line, though the RSI is […]

The New Zealand dollar “fell into a depression” following the August meeting of the National Central Bank, reacting to the rhetoric of its chairman. Also, the coronavirus factor affected the mood of investors: they did not manage to celebrate the 100-day “virus-free period” in New Zealand (there was not a single “non-imported” case of infection), […]