To open long positions on GBP/USD, you need: Buyers of the pound coped with the morning task and managed to build an upward trend from the support level of 1.2570, which I drew attention to in my review. At the moment, their task is the area of 1.2609, the consolidation above which will lead to […]

To open long positions on EURUSD, you need: Euro buyers coped with the task and did not let the pair below the lows of Friday last week, and the divergence on the MACD indicator, to which I paid attention, worked itself out. Now, the task of the bulls is the resistance level of 1.1235, fixing […]

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Since January 19th, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. For Intraday traders, the price zone around 1.1235 stood as a temporary demand area which paused the ongoing bearish momentum for a while before bearish breakdown could be executed on April 23. Short-term outlook turned to become bearish […]

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On March 29, a visit towards the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) could bring the GBPUSD pair again towards the upper limit of the minor bearish channel around (1.3160-1.3180). Since then, Short-term outlook has turned into bearish with intermediate-term bearish targets projected towards 1.2900 and 1.2850. On […]

On March 29, a visit towards the price levels of 1.2980 (the lower limit of the newly-established bearish movement channel) could bring the GBPUSD pair again towards the upper limit of the minor bearish channel around (1.3160-1.3180). Since then, Short-term outlook has turned into bearish with intermediate-term bearish targets projected towards 1.2900 and 1.2850. On […]

BTC has been trading upwards but if found resistance at the price of $8.240. The big head and shoulders pattern is in creation and you should watch for potential down break for selling opportunities. Gray rectangle – Resistance became support $8.080 Blue rectangle – Important support $7.410 White upward trendline – Short term support We […]

GBP/USD has been trading downwards today. The price tested and rejected from the key resistance at 1.2746, which is strong sign of the reversal and new downward momentum on the GPB. Yellow rectangle – Resistance (1.2746) Blue rectangle – Support 1 (1.2653) Gray rectangle – Support 2 (1.2562) GBP/USD made potential double top formation and […]

Bitcoin has been consolidating above $8,000 for a few hours now after climbing above the area under strong impulsive bullish momentum. The price managed to extend a steady climb having confluence of dynamic levels. It has been a perfect start for crypto currency investors. Recording double-digit gains over the last two quarters, Bitcoin stands out […]

EUR/USD has been trading downwards today. The price tested the level of 1.1268. We found the breakout of the important support trend lines in the background, which is sign that we may see further lower price on EUR. Yellow line 1 – horizontal support 1 (1.1210) Yellow line 2- horizontal support 2 (1.1120) White line […]

EURUSD is pulling back as expected from our latest posts. Price remains above key support and trend remains bullish as long as price remains above 1.12-1.1250. Red lines – bullish wedge Green rectangle – support area EURUSD is pulling back towards the green support area and the upward wedge boundary. So far this could be […]

Gold price has bounced off the 38% Fibonacci retracement support area but it looks like bulls are not strong enough to recapture the major resistance trend level at $1,350. This rejection if followed by a move below $1,320 could lead to a sharp decline towards $1,300. Black line – resistance (broken) Green rectangle – support […]

Overview: The AUD/USD pair is set above strong support at the levels of 0.6937 and 0.6980. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6937, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]

EURCHF is retreating today, falling below both its 20- and 40-day simple moving averages (SMAs) as well as beneath the 23.6% Fibonacci retracement level of the downleg from 1.1710 to 1.1120 near 1.1260. The bigger picture still seems negative as the price has been developing in a descending channel since September 2018. Short-term momentum oscillators concur, […]

The US dollar index found a strong support obstacle on the long-term ascending trend line once again, sending the price higher. The short-term bias is tilted to the upside as the stochastic oscillator is approaching the overbought area with stronger momentum than before in the daily timeframe. If the index moves higher, the 50-day simple moving average (SMA) currently at […]

Global copper markets look weak but will become strong. Supply-demand imbalances start already to occur due to lagging new mining projects, slow exploration and rising demand from e-mobility and energy storage. Also, infrastructure investments are still on high levels consuming lots of copper. Companies like Copper Mountain, Aurania Resources and Auryn Resources shall benefit soon […]

Weak hopes of signing the US-China trade agreement at the G20 meeting this month and mass street protests in Hong Kong led investors into safe havens. This instantly affected the main risk indicators, the yen, and the Australian dollar. The yen approached a weekly high against the dollar, rising 0.2% to 108.295 yen. Also, the […]

While investors do not show noticeable activity in the markets and do not react to clear signals of a slowdown in the rate of inflation in the United States, it should force the Fed to begin the process of lowering interest rates, theoretically speaking. Earlier against the background of extremely weak data on the number […]

As has become normal these days, the focus among investors these days have been about trade. The current big issue is whether Donald Trump will meet China’s Xi Jinping at the G20 meeting in Japan. While the meeting has not yet been confirmed, a report by the South China Morning Post said a one on […]

As has become normal these days, the focus among investors these days have been about trade. The current big issue is whether Donald Trump will meet China’s Xi Jinping at the G20 meeting in Japan. While the meeting has not yet been confirmed, a report by the South China Morning Post said a one on […]

Hong Kong is one of the biggest cities in the world. It has a population of more than 7 million people and a GDP of more than $341 billion. It is one of the leading financial capitals in Asia and is known for its close proximity to China. The country operates in the so-called special […]

Hong Kong is one of the biggest cities in the world. It has a population of more than 7 million people and a GDP of more than $341 billion. It is one of the leading financial capitals in Asia and is known for its close proximity to China. The country operates in the so-called special […]