GBPJPY posted a noteworthy upside movement as it reached a fresh 24-week high of 140.19 on Thursday, surpassing the previous peak of 139.80. Also, the price is still developing above the five-month ascending trend line. From a technical viewpoint, the RSI indicator jumped above the 70 level, entering the overbought region, while the stochastic oscillator […]

GBPJPY posted a noteworthy upside movement as it reached a fresh 24-week high of 140.19 on Thursday, surpassing the previous peak of 139.80. Also, the price is still developing above the five-month ascending trend line. From a technical viewpoint, the RSI indicator jumped above the 70 level, entering the overbought region, while the stochastic oscillator […]

Trading recommendations for the EUR / USD pair on August 14 Analysis of transactions The signal to buy the European currency from the level of 1.1819 worked positively yesterday, allowing about 30 points of profit to be taken from the market. The increase came after the publication of good data on eurozone inflation, after which […]

Trading recommendations for the EUR / USD pair on August 14 Analysis of transactions The signal to buy the European currency from the level of 1.1819 worked positively yesterday, allowing about 30 points of profit to be taken from the market. The increase came after the publication of good data on eurozone inflation, after which […]

The released data on the number of applications for unemployment benefits in the US put pressure on the dollar, showing it its current place in the global financial system, the place of the funding currency, which provides for a rather prolonged period of weakness of its exchange rate against major currencies. According to the data […]

The released data on the number of applications for unemployment benefits in the US put pressure on the dollar, showing it its current place in the global financial system, the place of the funding currency, which provides for a rather prolonged period of weakness of its exchange rate against major currencies. According to the data […]

Crypto Industry News: MicroStrategy confirms that it has made bitcoin the main reserve asset of its business. The world’s largest company from the Business Intelligence sector has purchased 21,000 BTC for over a quarter of a billion dollars. MicroStrategy confirms that institutional BTC adoption is taking increasingly confident steps. MicroStrategy (Nasdaq: MSTR), the world’s largest […]

Crypto Industry News: MicroStrategy confirms that it has made bitcoin the main reserve asset of its business. The world’s largest company from the Business Intelligence sector has purchased 21,000 BTC for over a quarter of a billion dollars. MicroStrategy confirms that institutional BTC adoption is taking increasingly confident steps. MicroStrategy (Nasdaq: MSTR), the world’s largest […]

Crypto Industry News: Federal regulators in Germany want to modernize domestic securities with Blockchain technology. The German Federal Ministry of Finance (BMF) and the Federal Ministry of Justice and Consumer Protection (BMJV) have presented a bill on digital securities based on the Blockchain chain. In an official statement, the authorities stressed that the adoption of […]

Crypto Industry News: Federal regulators in Germany want to modernize domestic securities with Blockchain technology. The German Federal Ministry of Finance (BMF) and the Federal Ministry of Justice and Consumer Protection (BMJV) have presented a bill on digital securities based on the Blockchain chain. In an official statement, the authorities stressed that the adoption of […]

To open long positions on GBP/USD, you need: US President Donald Trump’s recent claims that the European Union is unfair with regard to trade with the United States has reminded investors of the possibility that duties could be unilaterally imposed on a number of European Union countries, in particular Germany and France. This led to […]

To open long positions on GBP/USD, you need: US President Donald Trump’s recent claims that the European Union is unfair with regard to trade with the United States has reminded investors of the possibility that duties could be unilaterally imposed on a number of European Union countries, in particular Germany and France. This led to […]

To open long positions on EURUSD, you need: It was not possible to wait for adequate points to enter the market yesterday after updating resistance at 1.1843. Let’s take a look at a 5-minute chart. Clearly, you can see that the bulls tried to gain a foothold in this range after the breakout of 1.1843, […]

At the 4-hour chart, we can see that EUR/JPY is trying to reach the 127.47 level because this currency pair is still trading with the bullish bias. This has been already confirmed by technical analysis. The price is moving above the upward moving average. Before the pair reaches its target, it expected to make a […]

The EUR/USD currency pair has been following the amplitude of the side channel 1.1700 // 1.1810 // 1.1910, (6 + 5 + 4, lines) for the third week now and consistently working out the set boundaries. This time, the quote managed to consolidate above line 5 (area 1.1810), moving us to the upper part of […]

Hourly chart of the EUR/USD pair The EUR/USD currency pair was trading mostly sideways during Friday night trading. Thus, the price is exactly between the levels of 1.1903 and 1.1696 at the moment, that is, in the middle of the side channel. Based on this, the euro/dollar pair can move in any direction with the […]

GBP/JPY pushed higher as expected but fell short of the ideal target by just 15 pips, but all requirements have been fulfilled and a correction in blue wave iv could start anytime now. A break below minor support at 139.48 and more importantly a break below support at 139.09 will confirm that blue wave iii […]

EUR/JPY has now tested the 126.68 target, which means the 5 wave rally from 119.31 could be completed. This rally has not been strong enough or long enough to be a wave 3 rally. Therefore, it is more of a wave 1/ of 3, which means we will have much more upside to cover once […]

EUR/USD The euro’s 28 points gain from yesterday plunged into a wide range of uncertainty and wandered through 1.1710-1.1906. The Marlin oscillator is directed downwards on the daily chart, and the price is exactly at the 1.1806 target level. The price could reach the upper border of the price channel at 1.1906 without a critical […]

AUD/USD The Australian dollar fell 12 points against the overall decline of the US dollar by 0.20% on Thursday. This is partly due to the decline in commodity prices. Oil dropped 0.47% and copper with 3.11%. The price typically touched the 0.7190 target level with its upper shadow, which once again confirmed its stability. The […]

USD/JPY The dollar-yen currency pair completed an important task yesterday – it consolidated with the body of a candle above the balance and MACD lines, and the downward trend of the price channel. The price is trying to push through the resistance of the 107.00 target level this morning. Success will make it possible for […]

GBP/USD 1H The GBP/USD pair continued to trade inside the side channel on August 13, limited to the level of 1.3000 and 1.3169. Thus, the channel width for the pound is even less than for the euro. The resumption of the trend movement can be identified only when the price consolidates above or below the […]

EUR/USD 1H The euro/dollar pair managed to consolidate above the Kijun-sen and Senkou Span B lines on the hourly timeframe of August 13. Therefore, the bulls even got the opportunity to continue buying the euro while aiming for the resistance area of 1.1884-1.1910. However, the quotes did not reach this area during the day. And […]

Minute operational scale (H4) The end of this week and the beginning of the next – an overview of options for the development of the movement for AUD/USD & USD/CAD & NZD/USD (H4) on August 14, 2020. ____________________ Australian dollar vs US dollar The development of the movement of the Australian dollar AUD/USD from August […]

The fundamental background for the euro-dollar pair changes at a kaleidoscopic speed. Despite the dominance of bullish sentiment, EUR/USD bears are not going to give up without a fight. Sellers use any more or less significant news reason to slow down the growth of EUR/USD, although they are not yet able to reverse the trend. […]