S&P 500 – day. The US market is back at the highs of the beginning of the year. Do you remember what it was like even before the coronavirus and the crisis? The US market is clearly overbought and requires a deep correction. The state of the economy is much worse than before the crisis, […]

Good afternoon traders! An analysis of the GBP / USD pair. Following the idea presented yesterday , the quote declined to a price level of 1.3 and falsely broke the lows of the previous days: Because of this, holding short positions is not the best action at the moment, so take profit now and wait […]

The pound/dollar currency pair strictly follows within the sideways channel 1.3000 / 1.3185, showing suspiciously low dynamics. The renewal of the minimum on August 7 (1.3008) did not lead to anything necessary, while the area of the psychological level 1.3000, which simultaneously plays the role of the lower border of the flat, cut the volume […]

USD/JPY Analysis: The downward wave from June 5 that sets the main course for the short-term trend completes the wave of the largest scale. Judging by the wave structure, since August 3, a reversal model has formed on the chart, which can become the beginning of the final section C. The price is at the […]

The euro/dollar pair is attacking the 18th figure again today. Yesterday, this attempt was unsuccessful: Wednesday’s trading day ended at 1.1783, however, the pair’s bears were unable to take the lead, so buyers organized another offensive at the start of the European session on Thursday. Moreover, the dollar was not supported either by strong Nonfarms […]

Another increase in daily incidence has been recorded around the world. This suggests that the situation is not improving, and the fight against the coronavirus is not oer yet. Mortality in leading countries – US, Brazil and India – also remains 1,000 a day, which is not good as well. In the United States, the […]

EUR/USD rallies as the USDX plunges and extends yesterday’s drop. The pair has managed to come back above 1.18 static resistance signaling further gains in the upcoming period. The pair is trading in a range, so we need a higher high to confirm an important upside movement. EUR/USD is bullish as long as it stays […]

US Treasury yields fall back as Washington no closer to reaching stimulus deal Dollar retreats, helping gold recover some losses; stocks subdued US data, China trade talks on markets’ radar for the next few days Talks on virus relief bill stumble again The Trump administration and Democrats appear no closer to finding a compromise deal […]

Inflation recovers in the US amid low interest rates, which confirms the beginning of economic recovery after the coronavirus pandemic. Such led to investors gradually returning to risky assets such as the euro, and after a slight correction, it is likely that demand for the euro will increase further. A report from the US Department […]

Forecast for August 13: Analytical overview of currency pairs on the H1 scale: The key levels for the euro / dollar pair on the H1 scale are: 1.1963, 1.1924, 1.1897, 1.1853, 1.1800, 1.1775, 1.1749, 1.1693, 1.1629 and 1.1588. Here, the price is forming a potential for the upward movement from August 12. The continuation of […]

The Australian dollar is still trading flat against the US dollar, stuck within the 71st figure. The AUD/USD pair cannot break out of the 100-point price range for the third week, although buyers attempted to storm the 72nd price level, and sellers tried to pull the price below the 0.7100 mark. But in the end, […]

Good day, dear traders! Despite yesterday’s data on UK GDP, which showed a record drop of 20.4% over the past eleven years, the indicator was slightly better than forecasts, which were reduced to a weakening of the British economy by 20.5%. However, it is worth noting that such disappointing GDP statistics appeared in the period […]

EUR/USD – 1H. Hello, traders! On August 12, the EUR/USD pair performed a reversal in favor of the European currency and began a new growth process, having previously performed a consolidation over the downward trend line. Thus, at the moment, the mood of traders has changed again to “bullish”. The information background of the past […]

GBP/USD – 1H. Hello, traders! On the hourly chart, the quotes of the GBP/USD pair passed through the upward trend line several times during the past day, making it finally not working. Thus, we have only a downward trend line at our disposal, which at this time characterizes the mood of traders as “bearish”. However, […]

Hello, dear colleagues! Yesterday’s trading, the main pair of the Forex market held in the price range of 1.1710-1.1816, and ended the session on August 12 at the level of 1.1783. Thus, both the strong resistance near 1.1800 and the strong support around 1.1700 remained unbroken, and the assumption that the EUR/USD trades will be […]

EURUSD has held above key short-term support at 1.17. In previous analysis we noted the importance of 1.17 support. In order for price to make a bigger pull back towards 1.16-1.157 we needed confirmation with a break below 1.17. This has still not happened. Red rectangle- resistance Blue rectangle – suspport EURUSD is bouncing off […]

Many of the world’s oil capitals are going through tough situations, and this summer could be a glimpse of their future. In all honesty, OPEC has revived oil after dropping historically in the first quarter, but prices around $ 40 are still too low for most countries as they struggle with weak economies, unstable governments, […]

The COT report published last Friday showed that gold futures diverged in price, reaching historic highs, with which the Open Interest indicators are 100,000 contracts below the levels reached this spring. Among other things, speculators, who are the main driving force behind the growth of gold and other commodity assets, for seven weeks, maintained long […]

AUDJPY stepped on the supportive ascending trendline earlier this week and shifted north again to fight the heavy ceiling around 76.70, which has been active since June 2016. While the RSI and the Stochastics continue to consolidate within the bullish area, they have been printing lower highs over the past two months in contrast to […]

Absolutely everything pointed to the fact that the dollar should become more expensive, and quite seriously. However, instead, the dollar only lost its positions all throughout Wednesday. At the same time, apart from macroeconomic statistics, there was nothing serious yesterday. Apparently, investors are not yet morally prepared to conduct a full-fledged correction, which has been […]

EUR / USD The pair keeps working in the zone of attraction and the influence of the worked out weekly target on the breakdown of the cloud (1.1695 – 1.1813), the daily short-term trend (1.1806) and the lower border of the monthly cloud (1.1740). The lack of directional movement and work within the boundaries of […]

EURJPY is tackling the fresh near 16-month high of 126.20 after a recent bounce on the cloud’s upper surface, repowered the positive incline. The Ichimoku lines currently reflect a pause in the ascent while the rising simple moving averages (SMAs) command a clear bullish bearing. Glancing at the short-term oscillators, they too reflect some stalling […]

WTI crude oil futures are moving higher with weak momentum and reached a fresh five-month high of 43.52 in the preceding days. The MACD oscillator is showing a negative divergence, suggesting slowing upside movement that is indicating a bearish reversal on price. However, the RSI is still pointing upwards in the positive territory. A clear […]

The EUR/USD currency pair continues to follow the amplitude of the side channel 1.1700 // 1.1810 // 1.1910, (6 + 5 + 4, lines), where the concentration of trading forces fell once again at the average level of 1.1810 (line 5). The logical basis leads to a systematic deceleration within the level of 1.1810, as […]

To open long positions on GBP/USD, you need: From a technical point of view, nothing changed yesterday. If you look at the 5-minute chart, you will see how a signal to sell the pound has formed, but, unfortunately, even upbeat US inflation did strengthen the US dollar, which left the pair in a sideways channel. […]