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 […]

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 […]

Since April, the GBPUSD has been moving sideways within the depicted consolidation range extending between (1.2265 – 1.2600)On May 15, 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, immediate bullish rebound has […]

Since April, the GBPUSD has been moving sideways within the depicted consolidation range extending between (1.2265 – 1.2600)On May 15, 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, immediate bullish rebound has […]

The EURUSD pair has been moving-up since the pair has initiated the depicted uptrend line on May 25. On June 11, a major resistance level was formed around 1.1400 which prevented further upside movement for some time and forced the pair to have a downside pause. Recently, the EURUSD demonstrated an ascending wedge around the […]

The EURUSD pair has been moving-up since the pair has initiated the depicted uptrend line on May 25. On June 11, a major resistance level was formed around 1.1400 which prevented further upside movement for some time and forced the pair to have a downside pause. Recently, the EURUSD demonstrated an ascending wedge around the […]

On Friday, the national currency of Great Britain advanced against the US dollar, following a short pause and a downward correction. However, the pound is still at risk of falling. Even a slight rise in the US dollar will negatively impact the sterling. In the morning session, the pound remained almost unchanged amid low market […]

On Friday, the national currency of Great Britain advanced against the US dollar, following a short pause and a downward correction. However, the pound is still at risk of falling. Even a slight rise in the US dollar will negatively impact the sterling. In the morning session, the pound remained almost unchanged amid low market […]

Global markets were mostly down on Friday, the mood in the morning was marred by weak data from China, which made investors doubt the stability of the global economic recovery. In Europe, the second wave of the epidemic began, which also does not contribute to an improvement in risk appetite. Against this background, the dollar […]

As I discussed in the previous review, the BTC is in sideways mode and still inside of the range from 3-days ago. Further Development Analyzing the current trading chart on BTC, I found that there is potential for the downside rotation towards the support at $11,120 or even $10,580. There is the breakout of the […]

Capacity Utilization improved more than expected in the same period. Industrial Production in the United States expanded by 3% on a monthly basis in July, the Federal Reserve reported on Friday. This reading followed June’s increase of 5.7% (revised from 5.4%) and came in line with the market expectation. As I discussed in the previous […]

US stocks exchange ended with a multidirectional change in its main stock indicators on Thursday. Standard & Poor’s 500 again made a major leap, bringing it closer to a new record mark, which, however, it has not yet been able to reach. The ongoing disagreement and uncertainty over a new fiscal stimulus program in the […]

CNBC: Consumers spent less than expected in July as a pullback in auto sales helped cool an economy struggling to shake off the effects of the coronavirus pandemic. Retail sales rose 1.2% for the month, against the expected increase of 2.3% from economists surveyed by Dow Jones. Overall, it was the third straight monthly increase. […]

Minute operational scale (H4) How will the movement of major currency instruments develop #USDX vs EUR/USD & GBP/USD & USD/JPY in the H4 timeframe from July 17, 2020 – an overview of options. ____________________ US dollar index From August 17, 2020, the development of the #USDX dollar index will be determined by the development and […]

It would seem that when speculative net shorts for the dollar and net longs for the euro have reached local highs, technical indicators signal overbought, and macro statistics for the United States are pleasing to the eye, it is time to think about the correction of EUR/USD. Nevertheless, investors’ confidence that the main currency pair […]

AUDUSD remains in a bullish trend making higher highs and higher lows. Should we expect any time soon a big reversal? What condition needs to be met to get the bearish signal? Black line – horizontal resistance Green line – bullish channel Red rectangles- touches on 0.7050 level AUDUSD remains inside the bullish channel. Key […]

China A50 index (Cash) is floating sideways towards the Ichimoku cloud, following a pullback from the 16,404 top, which has kept positive momentum at bay. Nevertheless, the positively charged 50- and 100-day simple moving averages (SMAs) and their bullish crossovers with the 200-day SMA could maintain the broader positive picture intact for a while longer. […]

China A50 index (Cash) is floating sideways towards the Ichimoku cloud, following a pullback from the 16,404 top, which has kept positive momentum at bay. Nevertheless, the positively charged 50- and 100-day simple moving averages (SMAs) and their bullish crossovers with the 200-day SMA could maintain the broader positive picture intact for a while longer. […]

The greenback continues to balance growth and decline, trying to use every opportunity to attack the positions of its main competitors. It is supported by investors’ hopes for the recovery of the US economy after the coronavirus crisis. However, the deadlock around the new stimulus package in the US is limiting the growth of the […]

The greenback continues to balance growth and decline, trying to use every opportunity to attack the positions of its main competitors. It is supported by investors’ hopes for the recovery of the US economy after the coronavirus crisis. However, the deadlock around the new stimulus package in the US is limiting the growth of the […]

Japan looks set to enjoy a rare feat of being at the top of the G10 growth league in the second quarter when it reports its GDP estimate on Monday (Sunday, 23:50 GMT). But the achievement will hardly be celebratory as Japan had already entered recession in Q1. Moreover, despite having initial success in containing […]

It’s a relatively quiet week, with the main highlights being the Eurozone’s PMIs and the latest FOMC minutes. In the political arena, American and Chinese negotiators will meet over the weekend to review the ‘phase one’ trade deal. For markets though, the most crucial drivers will be whether US lawmakers can break the deadlock in […]

Bitcoin has managed to jump and stabilize above the major downtrend line signaling and announcing a reversal. The price has managed to increase in the last months developing an uptrend. BTC/USD is into a minor consolidation, sideways movement, it tries to accumulate more energy and to attract more buyers before resuming this swing higher. The […]

There was a rise in the price of crude oil on Friday, and black gold may be in positive territory for the second week in a row. Investors are beginning to believe in a faster recovery in fuel demand which positively affected the market, disregarding the still growing cases of COVID-19 patients around the globe. […]

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