EUR did trade lower in past few hours and we got flush down into the support at the price of 1.1200. Anyway, since the drop happened very fast, in my opinion there is potential for recover up. You should watch for buying opportunities since the EUR is trading near the support levels at the price […]

Silver is having one of its best trading sessions of this year, gaining strong momentum above the descending triangle that was holding since April 2017. This week the price continues to attract buying interest, with the price registering a fresh five-month high of 16.10. The technical indicators are still located in bullish area, with the […]

A short-term buyer’s pullback from a 5-month low generated a few days ago, of 15.5395, had the pair move north to tackle the heavyweight 50-day simple moving average (SMA), coupled with the cloud of the Ichimoku indicator. Nevertheless, some consolidation seems to have come in the last sessions. The MACD crossed above the zero line […]

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Crispus Nyaga Japan and South Korea are two of the most important economies in the Asian region. South Korea has a population of more than 51 million people while Japan has more than 120M people. The two economies have a GDP of $4.7 trillion and $1.5 trillion respectively. They are two of the closest American […]

The price of crude oil rose slightly in overnight trading after the Energy Information Administration (EIA) released its inventories data. The numbers showed that the US inventories declined by more than 3.5 million barrels. This was a sharper decline than the 1.5M that investors were expecting. It was also slightly lower than the previous week’s […]

Yesterday, US companies continued to release their earnings. In the trading session, the Nasdaq index declined by 35 points as investors waited for results from Netflix, which is one of the biggest technology company in the world. The company released its report after the market closed. These results disappointed and the stock declined by more […]

The US 500 stock index has pulled back somewhat after touching an all-time high of 3,020 in the prior week, reversing back below the red Tenkan-sen line. Momentum indicators now suggest that the market sentiment might get worse before getting better as the RSI is approaching the neutral area again and the MACD dived below […]

NZDCHF saw some positive divergence in the last several weeks on the RSI which helped it to bounce back from a three-month high tumble from 0.6913 to an eight-month low of 0.6423. Since yesterday the price is trading above the 38.2% Fibonacci retracement level of the down-leg from 0.6913 to 0.6423, of 0.6614 and is heading […]

Dollar retreats as trade concerns fuel Fed rate cut bets Stocks drop, safe havens gain amid risk aversion  Aussie climbs after employment data UK retail sales due as pound recovers some losses Dollar grinds lower as July rate cut bets mount The world’s reserve currency retreated almost across the board on Wednesday and continues to […]

Crypto Industry News: France is ready to approve the first ICO operators and other cryptographic companies thanks to the new regulatory approach to the sector. According to media reports, the new regulations – which are to come into force later this month – will allow companies involved in cryptography to voluntarily submit to national standards […]

Technical Market Overview: The EUR/USD pair has bounced again from the technical support located at the level of 1.1206, so the key support at the level of 1.1181 still has not been violated. The bounce is so far shallow and the price is still under the lower channel boundary. The bulls are testing the local […]

Technical Market Overview: The GBP/USD pair has violated the support and the new local low was made at the level of 1.2381 in oversold market conditions. This is also a new swing low at the higher time frame charts, so the breakout is very important as the downtrend continues. The next long-term technical support is […]

USDJPY attempted to cross above the 50-day simple moving average (SMA) and reach the 109 level last week but efforts proved fruitless, with the price resuming negative momentum towards the key 61.8% Fibonacci retracement level of the upleg from 104.64 to 112.39. The downward-sloping RSI suggests a weaker short-term trading. Yet, with the Stochastics flashing […]

NZDUSD successfully surpassed the long-term 200-day simple moving average (SMA), gaining some ground and is holding near the three-month high of 0.6745 that it posted on Wednesday. The double bottom formation that was created around the 0.6480 – 0.6490 support levels with a neckline at the 0.6725 barrier, was completed with today’s break to the […]

Bitcoin has lost steam residing below the $10,000 psychological area. The price went down below $9500. Bitcoin managed to reach $10,000. Nevertheless, it could not break above this level. The Bitcoin pullback that started over the weekend has accelerated as we hit mid-week. During yesterday’s US trading session BTC dropped below the highly critical $10,000 […]

Bitcoin has lost steam residing below the $10,000 psychological area. The price went down below $9500. Bitcoin managed to reach $10,000. Nevertheless, it could not break above this level. The Bitcoin pullback that started over the weekend has accelerated as we hit mid-week. During yesterday’s US trading session BTC dropped below the highly critical $10,000 […]

The rate of the British currency against the euro reached its lowest level since January this year. Westpac experts believe that now is the time to buy the pound. They recommend selling EUR/GBP from 0.9085 with the target at 0.8845 and a stop at 0.9125. The bank’s strategists note that a combination of factors speaks […]

The rate of the British currency against the euro reached its lowest level since January this year. Westpac experts believe that now is the time to buy the pound. They recommend selling EUR/GBP from 0.9085 with the target at 0.8845 and a stop at 0.9125. The bank’s strategists note that a combination of factors speaks […]

The euro and the pound made an attempt to continue the decline against the US dollar, but inflation data in the UK and the eurozone limited the downward potential. To say that bears have groped the bottom, it will not be quite right, as for a real market reversal and the formation of an upward […]

The euro and the pound made an attempt to continue the decline against the US dollar, but inflation data in the UK and the eurozone limited the downward potential. To say that bears have groped the bottom, it will not be quite right, as for a real market reversal and the formation of an upward […]

To open long positions on GBP/USD, you need: The morning forecast for the purchase from the level of 1.2382 has fully worked itself out and now the bulls’ goal is the resistance of 1.2452, which will be difficult to reach, given that inflation in the UK coincided with the forecasts of economists. With the GBP/USD […]

To open long positions on GBP/USD, you need: The morning forecast for the purchase from the level of 1.2382 has fully worked itself out and now the bulls’ goal is the resistance of 1.2452, which will be difficult to reach, given that inflation in the UK coincided with the forecasts of economists. With the GBP/USD […]

To open long positions on EURUSD, you need: Buyers managed to hold the pair after updating the lows of yesterday and returned to the market after the divergence, which I drew attention to in my morning review. At the moment, the situation is not very clear. The bulls will strive for the resistance of 1.1236, […]

To open long positions on EURUSD, you need: Buyers managed to hold the pair after updating the lows of yesterday and returned to the market after the divergence, which I drew attention to in my morning review. At the moment, the situation is not very clear. The bulls will strive for the resistance of 1.1236, […]