24-hour timeframe All the attention of traders last week was focused on the meetings of the central banks of the EU, the UK and the US. As a result of the disappointing macroeconomic data from the US in the last three weeks, Jerome Powell’s “moderately dovish” rhetoric and the Bank of England’s neutrality, which took […]

24-hour timeframe The third trading week of June ended unequivocally in favor of the euro. By and large, this was the most important week of the month for the euro/dollar pair, since it was the time for speeches by Mario Draghi, Jerome Powell, and the ECB and Federal Reserve meeting. Unfortunately, in June, in the […]

In our last analysis we noted that EURUSD bulls needed to act immediately as price was testing the 61.8% Fibonacci retracement of the rise from 1.1107 to 1.1347. Bulls needed to see price reverse immediately in order to have hopes for more upside. The end of the week found EURUSD at new highs confirming major […]

This week, the S&P 500 made a new all-time high while Gold made a new 5 and a half year high. What does it mean?? Find out in tonight’s short-term update. https://bit.ly/31Nha9f Learn How the Wave Principle Can Improve Your Trading

This week, the S&P 500 made a new all-time high while Gold made a new 5 and a half year high. What does it mean?? Find out in tonight’s short-term update. https://bit.ly/31Nha9f Learn How the Wave Principle Can Improve Your Trading

Median Pitchfork line at $9.856 held successfully, which is sign that BTC found resistance there and I expect potential downside at least to test lower diagonal of Pitchfork channel at $9.530. There is also potential that BTC test support at $9.443. ML – Median Pitchfork line (acting like resistance) Blue rectangle – Support Black lines- […]

Median Pitchfork line at $9.856 held successfully, which is sign that BTC found resistance there and I expect potential downside at least to test lower diagonal of Pitchfork channel at $9.530. There is also potential that BTC test support at $9.443. ML – Median Pitchfork line (acting like resistance) Blue rectangle – Support Black lines- […]

Gold did push higher as I expected yesterday. The price tested the level of $1.410. I still expect more upside due to new momentum up on the MACD oscillator and Gold is the extended UP run. Blue rectangle – Important weekly resistance Orange rectangle – Resistance became support Black lines- Upward Pitchfork channel My analysis […]

In 2015, before his term ended, Barrack Obama helped sign the Joint Comprehensive Plan of Action (JCPOA), which is commonly known as the Iran deal. This deal was signed after years of negotiations that involved many stakeholders like China, Russia, and the European Union. The most important parts of the deal was that Iran would […]

GBPUSD has been trading downwards during the Asia and Europe session and it is unlikely that US session will also be bearish. My advice is to watch for buying opportunities. I expect that GBP trades towards the levels of 1.2722 and 1.2760. Orange rectangle – swing high resistance Blue rectangle- Cluster resistance Blue channel – […]

To open long positions on GBP / USD pair, you need: Buyers failed to drag the pound to new weekly highs, which led to the formation of a downward correction in the morning. At the moment, it is best to return to long positions immediately to rebound from large support of 1.2632 or after growth […]

To open long positions on EUR/USD pair, you need: Euro buyers did not cope with the first attempt at resistance level 1.1310, which I paid attention to in the morning review, but the potential for growth remains. While trading is above the support of 1.1287, the bulls will storm the resistance of 1.1310 and a […]

This week, the Bitcoin rally that started early this year continued. The rally has led the currency to gain by more than 150% this year. This makes the cryptocurrency has the best performance compared to all other asset classes. The reason for this week’s rally was the launch of Libra, the cryptocurrency project by Facebook. […]

This was a successful week for the markets, with global stocks rising. These gains happened following the Federal Reserve interest rates decision on Wednesday. This article will look at the biggest stories of the week and what they mean for traders. Federal Reserve The Federal Reserve released its interest rates decision on Wednesday. As expected, […]

Silver reversed to the downside early on Friday but the 20-period simple moving average (SMA) in the four-hour chart managed to halt the bearish correction as it did a few days ago. The RSI and the MACD lost momentum as well, endorsing the negative move in the price. Yet, as long as both indicators remain in bullish area – the former […]

As heightened trade tensions force central banks around the world to take a dovish turn, the fate of the US-China trade talks will be determined at the G20 summit in Japan. The planned meeting between US President Trump and Chinese President Xi will be the highlight of the week as investors will be hoping for […]

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The world’s oldest safe haven recorded extraordinary gains lately, as the ‘perfect combination’ of falling interest rates, a declining dollar, and general risk aversion amid recession and geopolitical fears fueled the rally. Given that these forces seem unlikely to abate anytime soon, the outlook for gold remains bright, with the key risk to this view […]

The euro is ready to continue to grow on easing expectations of Fed based on the outcome of the Fed meeting on June 18. Tensions around Iran subsided in the morning of June 21 – it became known that the United States was preparing a military strike on Iran in response to the crashed US […]

The euro is ready to continue to grow on easing expectations of Fed based on the outcome of the Fed meeting on June 18. Tensions around Iran subsided in the morning of June 21 – it became known that the United States was preparing a military strike on Iran in response to the crashed US […]

The 200-period simple moving average (SMA) in the four-hour chart seems to be a hurdle for the AUDUSD bulls over the past two days, and the falling RSI which heads towards its 50 neutral mark suggests that the market may stabilize in the short-term.  Exceeding the 200-period SMA and more importantly the upper surface of […]

GBP / USD pair Since the beginning of the year, the British pound dominates the bearish trend on the chart. From the strong support zone of large scale from June 18, a bullish wave is formed. The potential of which is sufficient to continue the begun movement at a higher level. Since yesterday, a correctional […]

Overview: The NZD/USD pair is showing signs of weakness following a breakout of the lowest level of 0.6571. On the H1 chart, the level of 0.6571 coincides with 38.2% of Fibonacci, which is expected to act as minor resistance today. Since the trend is below the 38.2% Fibonacci level, the market is still in a […]

The data for the United States, which came out yesterday in the second half of the day, only confirmed the fact that the Fed may seriously consider the option of lowering interest rates in the fall of this year. Apparently, the only thing that pleased me was that the President of the United States Donald […]

Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]