Description : Price is facing bullish pressure from our 1st support, in line with our horizontal swing low, in line with our 50% fib retracement, where we could see a further bounce towards our 1st resistance . Ichimoku is also indicating more bullishness. Trading Recommendation Entry: 75.69 Reason for Entry: horizontal swing low, 50% fib […]

Price is facing bearish pressure from our first resistance in line with descending trend line, horizontal overlap resistance, 61.8% fibonacci retracement and 61.8% fibonacci extension where we could see a reversal below this level. Trading Recommendation Entry: 1.74448 Reason for Entry: descending trend line, horizontal overlap resistance, 61.8% fibonacci retracement and 61.8% fibonacci extension Take […]

NZD/USD is trading within an up channel, at 0.6543 level, but the failure to approach the upside line or to stay above the 0.6700 psychological level has signaled a potential downside movement. The price is almost to reach the uptrend line, up channel’s support, a breakdown below this line followed by a retest could validate […]

EUR / USD – The euro pierced down the price level of 1.1720. Although sell transactions are the current priority, a reversal upward could happen today in the market. In such a case, buy positions from the level of 1.1810, and stop at 1.1765. As for news, data on CPI will be published at 13:30. […]

EUR/USD – 1H. Hello, traders! On August 11, the EUR/USD pair performed a reversal in favor of the US currency and resumed the process of falling quotes. A new downward trend line has been built, which now indicates the “bearish” mood of traders more clearly. Before the pair’s quotes close above this line, a fall […]

GBP/USD – 1H. Hello, traders! On the hourly chart, the quotes of the GBP/USD pair performed a reversal in favor of the US currency and anchored under the upward trend line. A new downward trend line is also built in parallel with this line. Both now show the “bearish” mood of traders. Nevertheless, the British […]

Vaccine news catapult global yields higher, push stocks lower Gold falls without a parachute – has it peaked? Dollar inches higher amidst the turbulence, but Fed speakers are a risk RBNZ expands QE and opens door to negative rates, kiwi stumbles   Putin says Russia has developed the first vaccine President Vladimir Putin unleashed mayhem […]

Over the past few days, gold has aggressively corrected from its all-time high of 2,074.89 after failing to close above the 2,072 level, that being the 423.6% Fibonacci extension of the pullback from 1,765 to 1,670. The yellow metal plummeted below the Ichimoku cloud, taking out the 50- and 100-period simple moving averages (SMAs) in […]

NZDUSD has declined beneath the five-month ascending trend line and the 40-day simple moving average (SMA), indicating a downside pullback. The momentum indicators are losing ground as the RSI is edging below the 50 level and the MACD is slipping below the trigger line in the positive zone. The Ichimoku red Tenkan-sen line is pointing […]

Recently, the EUR/USD currency pair changed its direction of movement from an upward to a sideways one, where the price levels 1.1700 // 1.1810 // 1.1910, (6 + 5 + 4, lines) are in the center of special attention. Based on the dynamics of the past day, it can be seen that the amplitude, where […]

Good afternoon traders! Congratulations to those who followed the plan last August 5, which was to open long positions to work out the Elliot Wave in the USD/JPY chart. Plan: Results: Congratulations! The movement successfully amounted more than 1,000 pips. The next step now is to take profit at current prices. Price Action and Stop […]

The US dollar was under pressure again on Tuesday, albeit not so strong against major currencies. This was due to the high demand for risky assets, which draws significant cash flows from defensive assets. And in our opinion, this is because of the news about certification or the practical start of industrial production of a […]

The US dollar has strengthened sharply across the entire spectrum of the currency market after it became known on Tuesday that there was an increased likelihood of a political impasse over a new stimulus package. Speaking to Fox News, the Republican leader in the US Senate, Mitch McConnell, said that after the talks stopped at […]

USDJPY gained stronger positive traction this week, gearing above the 20-day simple moving average (SMA) on Tuesday to close successfully above the 106.00 level, which was a struggle last week. The price is currently facing the 50% Fibonacci of the 112.21-101.17 downleg at 106.70 and the 50-day SMA, a break of which is required to […]

For the first time in American history, a black woman was elected to be the running vice president for the Democratic Party. On Tuesday, presidential candidate Joe Biden selected Senator Kamala Harris as his running mate for the upcoming US presidential election. Such is a well-suited decision in opposing the Republican President Donald Trump. Biden, […]

Technical Market Outlook: The GBP/USD pair keeps trading in a narrow horizontal range located between the levels of 1.3047 – 1.3100 as the volatility dries up. There is so far no indication of any bearish pressure and all the sideway price action looks like a typical correction in an up trend. The key technical support […]

Technical Market Outlook: The EUR/USD pair has fell out of the main ascending channel and made a new local low at the level of 1.1711. Any violation of this level will only deepen the correction towards the next key technical support seen at the level of 1.1655. The momentum is below the fifty level, but […]

Crypto Industry News: The financial regulator in Russia is developing a new cryptocurrency analysis tool to track major cryptocurrencies such as Bitcoin and privacy-oriented coins. Russia’s Federal Financial Monitoring Service, the federal anti-money laundering and terrorist financing service, is reportedly planning to build a new analytical platform to track cryptocurrency transactions using artificial intelligence. The […]

Crypto Industry News: The metals and minerals trading subsidiary of Mitsubishi Corporation, Mitsubishi Corporation RtM Japan Ltd, has launched a Blockchain platform called ECO for precious metals trading. The platform, developed by Mitsubishi in cooperation with the American company Blockchain Skuchain, is based on Skuchain’s EC3 platform for supply chain management and finance based on […]

Despite the inadequacy of the recent data on the UK labor market, as well as the dollar still being oversold, speculative interest in the market still persists. The pound began to grow again following the release of unemployment data, although statistics indicated a completely different direction of movement. Apparently, this is how speculators prepared for […]

Everything is relative. Due to the large number of deaths from COVID-19, the severity and duration of the lockdown and the “social face” of the British economy will sink deeper than its American or European counterparts, but it will recover faster in 2021, this is according to the Bank of England. GDP will not rise […]

Forecast for August 12: Analytical overview of currency pairs on the H1 scale: The key levels for the euro / dollar pair on the H1 scale are: 1.1915, 1.1853, 1.1800, 1.1768, 1.1733, 1.1693, 1.1629, 1.1588 and 1.1526. Here, the price is forming a potential for the downward movement from August 6th. A consolidated movement is […]

The dollar index is showing an upward trend again. Since it reached a five-day low yesterday (93.19 points), the indicator turned around and headed towards the 94th figure. The index is gradually growing, but almost without recoil, reflecting the increased demand for the US dollar throughout the market. In turn, the European currency came under […]

The dollar index is showing an upward trend again. Since it reached a five-day low yesterday (93.19 points), the indicator turned around and headed towards the 94th figure. The index is gradually growing, but almost without recoil, reflecting the increased demand for the US dollar throughout the market. In turn, the European currency came under […]

Hourly chart of the GBP/USD pair The price of the GBP/USD currency pair successfully left the ascending channel through its upper border, which provoked a new downward movement. Therefore, novice traders could work with this new sell signal (closing at the end of the hour under the channel), as we suggested last night. We named […]