EUR/USD has been trading downwards as we expected. The price tested the level of 1.1181. We still expect more downside on the EUR. Main target is set at the price of 1.1118 . Blue rectangle – Support became resistance (1.1205) Pink rectangle- support 2 (1.1118) Blue lines – Broken upward channel EUR/USD has been trading […]

USDJPY continues to hold above the 108 price level and inside the long-term triangle pattern. Current price action provides a favorable opportunity for being bullish as price is very close to major support and stop level for bulls. Bouncing off the lower triangle boundary is a highly probable scenario. Blue lines – triangle pattern USDJPY […]

USDJPY continues to hold above the 108 price level and inside the long-term triangle pattern. Current price action provides a favorable opportunity for being bullish as price is very close to major support and stop level for bulls. Bouncing off the lower triangle boundary is a highly probable scenario. Blue lines – triangle pattern USDJPY […]

Bitcoin has many chances of marking a top above $9,000. The RSI is showing bearish divergence signs and that is an important warning for bulls. Price could be at the end of the bullish run from $3,000. Blue lines – bearish divergence sign Bitcoin is in a bullish medium and short-term trend. This divergence is […]

Bitcoin has many chances of marking a top above $9,000. The RSI is showing bearish divergence signs and that is an important warning for bulls. Price could be at the end of the bullish run from $3,000. Blue lines – bearish divergence sign Bitcoin is in a bullish medium and short-term trend. This divergence is […]

Gold has been trading upwards for the most part of the day and it reached our targets from yesterday. Anyway, there was strong rejection of the $1.354 in the background, which is sign that aggressive sellers did enter on the market. White lines – Broken upward channel Yellow rectangle- support 1 ($1.329) Blue rectangle – […]

Gold has been trading upwards for the most part of the day and it reached our targets from yesterday. Anyway, there was strong rejection of the $1.354 in the background, which is sign that aggressive sellers did enter on the market. White lines – Broken upward channel Yellow rectangle- support 1 ($1.329) Blue rectangle – […]

EURUSD bulls are unable to push price above the resistance of 1.1230-1.1260 and bears remain in control of the trend pushing prices below 1.12. At current market conditions I prefer to be neutral. With FOMC tomorrow it is better to stay on the sidelines and wait for the dust to settle. Red lines – wedge […]

EURUSD bulls are unable to push price above the resistance of 1.1230-1.1260 and bears remain in control of the trend pushing prices below 1.12. At current market conditions I prefer to be neutral. With FOMC tomorrow it is better to stay on the sidelines and wait for the dust to settle. Red lines – wedge […]

After losing some ground last week in the face of a stronger US dollar and softer oil prices, the Canadian dollar will now turn its sights to the nation’s inflation and retail sales figures, due out on Wednesday and Friday respectively at 12:30 GMT. Forecasts point to a solid set of data overall, which could […]

BTC price has been trading downwards as we expected. The price tested the level of $9.025(yesterday’s first target). We still expect more downside and the confirmation will be if you see breakout of $9.025. Watch for selling opportunities. Yellow rectangle – horizontal support 1 ($9.025) Pink rectangle- support 2 ($8.851) Orange line – 20 EMA […]

Gold price has reached $1,350-55 area but selling pressures are forming a short-term bearish reversal formation while price is now more than 10$ lower from today’s highs. Gold price is expected to move lower. Green rectangle – support Red rectangle – first target if support fails to hold Blue line – major resistance trend line […]

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 […]

Bitcoin is trading inside a corrective range with higher volatility after breaking above $9,000 with a daily close. This indicates strength of sellers along the way. Bitcoin is currently taking a breath and trading sideways following massive buying pressure over the past couple of days. The bullish momentum sent it surging into $9,000 where it […]

JPY has been the dominant currency in the pair since the price bounced off 149.00 with a daily close. At present, the pair is trading at near 135.50. The Bank of England is going to announce its monetary policy decision this week after the Bank of Japan. Meanwhile, the chaos and uncertainty triggered by BREXIT […]

Gold bulls took over again on Tuesday, driving the price near Friday’s 14-month high of 1,358. The location of the RSI – above 70 – hints that the bullish action may be overdone, and therefore no space is left for additional upside. However, with the Stochastics trending under the 80 oversold level and the MACD strengthening momentum above its […]

Gold bulls took over again on Tuesday, driving the price near Friday’s 14-month high of 1,358. The location of the RSI – above 70 – hints that the bullish action may be overdone, and therefore no space is left for additional upside. However, with the Stochastics trending under the 80 oversold level and the MACD strengthening momentum above its […]

Its shirt is closer to the body. According to IMF estimates, Brent is required at $80-85 per barrel in order to balance the budget of Saudi Arabia. Looking at these figures, it becomes clear why Riyadh is calling on OPEC and other producing countries to prolong the Vienna agreement on production cuts by 1.2 million […]

The US dollar managed to regain above 108.50 price area while the Japanese yen continues to increase profits. Overall, the financial market of US is awaiting the FOMC meeting this week. The outcome of the meeting is expected to cause a surge in the volatility of the US Stock Market and US Dollar as well. […]

On the eve of the FOMC decision, world markets are trading in a narrow range. Consolidation is quite objective since it is expected that following the FOMC meeting may announce serious changes in monetary policy. In particular, the markets expect the Fed to recognize the fact of a slowdown in the US economy and worsen […]

Early this month, the Reserve Bank of Australia (RBA) held a monetary policy meeting and became the first major central bank to slash interest rates. In the accompanying monetary policy statement, the officials argued that the rate cut will help stabilize the economy and support the employment situation in the country. They also expected it […]

The European Union is made up of 28 countries, which have a population of more than 500 million people and a GDP of more than $18.8 trillion. The region is known for its strong industrial base, protective regulations, and the peaceful co-existence. Over the years, there has been criticism on whether the concept of European […]

This week, investors will continue to focus on the ongoing trade skirmish between United States and China. This is ahead of the G20 meeting, which will take place in Japan. Donald Trump has expressed hopes of meeting with China’s Xi to try and resolve the trade issue. On the other hand, China has not confirmed […]

This year, Bitcoin and other cryptocurrencies have continued to outperform the market. The price of the currency has moved from about $3500 to above the $9000 level. Other currencies like Litecoin, which is close to the halving has gained by more than 300%. There are two main reasons why the rally has continued. First, based […]

Over the weekend, investors and analysts around the world continued to focus on the crisis in the Middle East. This is after two oil tankers were attacked on Wednesday at the Strait of Hormuz. The United States, through Mike Pompeo and Donald Trump, placed their blame on Iran. They also provided video evidence of the […]