EURGBP has hit a strong wall at the 78.6% Fibonacci retracement of the downleg from 0.9111-0.8471 around 0.8974. Momentum indicators remain in bullish territory but are sending out mixed signals for the near-term picture. The stochastics are pointing upwards, suggesting further advances are possible in the coming days. However, the RSI has flatlined, indicating the […]

Economic releases will be somewhat sparser in the coming week but there will be several key data to keep an eye on as well as central bank activity that could shape expectations of future monetary policy. The Bank of Canada meets for its latest policy decision and will probably resist making a dovish tilt, while […]

GBPCHF is moving sideways in the very short-term, above the downward channel’s upper boundary as momentum failed to continue the down move, when the pair met the obstacle supports of 1.2378 and 1.2417. Temporarily breaking the lows in previous weeks, the price is currently hovering between the 1.2378 and 1.2417 awaiting the move to give […]

Bitcoin growth stopped at around 12 000 USD and traders failed to cope with this range against the background of new purchases that have been observed in the market since the beginning of this week. Yesterday, another study was published, which proves that part of the trading volumes in the cryptocurrency market was fabricated. A […]

To open long positions on EURUSD you need: The situation has not changed in comparison with yesterday’s forecast. The upward correction is still limited by the resistance of 1.1307, and for the time being, the bulls’ task remains the same. A breakthrough and consolidation above this range will lead to further growth of EUR/USD with […]

Rest and enough! We are waiting for great achievements after yesterday’s either standing or lying in place, which could not interrupt even the unexpectedly sad slowdown in retail sales growth in Europe from 1.8% to 1.3%. Thus, everyone should cheer up and immediately find the strength to force themselves to work on Friday, after a […]

4 hour timeframe Technical data: The upper linear regression channel: direction – down. The lower linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -66.3750 On Friday, July 5, the pound / dollar currency pair is trading near Murray’s level “0/8” – 1.2573 without any sharp fluctuations and with minimal volatility. […]

Risk Warning: 71.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

Risk Warning: 71.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

GBPJPY has been in a downward tendency over the last four months, recording a new six-month low of 135.15 in the previous days. However, the technical indicators are suggesting a potential upside movement as the %K line of the stochastic is ready to complete a bullish cross with its %D line in the oversold territory […]

US employment data today will be crucial for Fed rate-cut expectations and the dollar Canadian jobs figures also due, as loonie touches new 2019 high In Europe, bond markets continue to price in QE, but euro snoozes US payrolls may dictate how deep Fed cuts in July and dollar’s path After a relatively quiet session […]

USDCAD has come under renewed selling pressure following the bounce off the 1.3430 resistance level and the 40-simple moving average (SMA). Despite the latest pullback though, the pair continues to post fresh lows, hitting a seven-month trough around 1.3035. Looking at momentum oscillators on the daily chart though, they suggest further declines may be on the cards […]

We still need a breakout above minor resistance at 121.84 to indicate that EUR/JPY has bottomed and a new impulsive rally in wave 3 is developing for an ultimate breakout above the 127.50 peak. As long as minor resistance at 121.84 is able to cap the upside, we still could see a final dip closer […]

4-hour timeframe The amplitude of the last 5 days (high-low): 34p – 42p – 90p – 47p – 44p. Average amplitude for the last 5 days: 51p (51p). As we expected in the morning, nothing special stood out today, during the fourth of July, having the status of a semi-weekend since Independence Day is being […]

Since May 17, the previous downside movement within the depicted bearish channel came to a pause allowing the recent sideway consolidation range to be established between 1.2750 – 1.2550 with a prominent key-level around 1.2650. On June 4, temporary bullish consolidations above 1.2650 were demonstrated for a few trading sessions. However, the price level of […]

Since May 17, the previous downside movement within the depicted bearish channel came to a pause allowing the recent sideway consolidation range to be established between 1.2750 – 1.2550 with a prominent key-level around 1.2650. On June 4, temporary bullish consolidations above 1.2650 were demonstrated for a few trading sessions. However, the price level of […]

EURUSD is trading just below 1.13 near important short-term Fibonacci support levels, with high chances of a reversal to the upside if bulls manage to break above 1.1320. Short-term bullish divergence signals are seen but no reversal confirmation yet. Green line – important support trend line Black line – RSI resistance trend line EURUSD is […]

The Gold didn’t have enough power to break the swing high at $1.438 and high was missed by few ticks, which is sign for me that buyers got very exhausted there. Since there is the fail test of high in the background, my focus is on downside. Short-term resistance-fib confluence level is set at $1.420 […]

Since February 28, the EURUSD pair has been moving within the depicted downside channel with slight bearish tendency. Short-term outlook turned to become bearish towards 1.1175 (a previous weekly bottom which has been holding prices above for some time. On the highlighted period between (May 17th and June 5th), temporary bearish breakdown below 1.1175 was […]

Gold price got rejected at $1,439 and has pulled back towards previous resistance now support at $1,400. Gold is in a trading range and it is better to be neutral until we see a clear break of resistance or support. Red rectangle – support Green line – trend line support Yellow rectangle – resistance Gold […]

USDZAR has recorded significant losses in recent weeks, moving back below its 50- and 200-day simple moving averages (SMAs) to record a lower low on the daily chart. The picture therefore seems to be shifting to negative, though a clear break below the 13.86 – 13.79 zone is needed to confirm that. Looking at momentum […]

Google stock price has found a strong resistance level around the 38.2% Fibonacci retracement level of the downleg from 1,288.47 to 1,023.50 near 1,125 as it tries to extend its gains after the rebound on 1,023.50. Momentum indicators now suggest that the market sentiment might increase even higher as the stochastic lies in overbought area and the MACD is rising above its trigger line. […]

AUDJPY remains confined in a relatively narrow sideways range, between 73.90 and 76.30, since early May. The near-term outlook is therefore neutral, with a break on either side needed to provide the directional bias. Momentum oscillators also paint a flat picture, with the RSI flattening near its neutral 50 line, and the MACD being close […]

EUR / USD On Wednesday, July 3, trading ended for the EUR / USD pair with a decrease of several base points. The bulls of the last forces oppose the bears, who continue to put pressure on the tool. Wave counting, which provides for the construction of the upward trend section, thus remains in force, […]

NZDUSD has been consolidating since June 26 within a narrow range of 0.6655 – 0.6718 and is currently hovering beneath the bearish crossover within the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. The near-term bias is looking neutral-to-bearish as the RSI is flatlining near the 50-neutral level, while the MACD is moving slightly lower below […]