Hourly chart of the EUR/USD pair The EUR/USD pair reached the 1.1903 level again on Thursday, August 6, which we mentioned as an important resistance level in the previous review. This is the peak from July 31, and we could not overcome the price on August 5. Thus, we already have three rebounds from this […]

On March 20, the EURUSD pair has expressed remarkable bullish recovery around the established bottom around 1.0650. Shortly after, a sideway consolidation range was established in the price range extending between 1.0770 – 1.1000. On May 14, evident signs of Bullish rejection as well as a recent ascending bottom have been manifested around the price […]

Since April, the GBPUSD has been moving sideways within the depicted consolidation range extending between (1.2265 – 1.2600)On May 15, transient bearish breakout below 1.2265 (consolidation range lower limit) was demonstrated in the period between May 13 – May 26, denoting some sort of weakness from the ongoing bullish trend. However, immediate bullish rebound has […]

The EURUSD pair has been moving-up since the pair has initiated the depicted uptrend line on May 25. On June 11, a major resistance level was formed around 1.1400 which prevented further upside movement for some time and forced the pair to have a downside pause. Recently, the EURUSD demonstrated an ascending wedge around the […]

The pound sterling continues to strengthen significantly climbing to a new high level, which allowed it to cross the highest mark in the last five months. The reason for the next impulse of the pound was the intention of the Bank of England to make changes in the base interest rates in the near future. […]

There was no unidirectional movement in the dollar index on Thursday. Indicator volatility and attempts to slow down at around 93 points were observed. This is logical after the dwindling decline in recent sessions. In general, the greenback remains under pressure. The downward trend is also based on the behavior of the stock and commodity […]

Over the past few weeks, the pound sterling was appreciated significantly. This was largely due to the weakening of the greenback’s position, but the increased hopes for a positive outcome of the Brexit negotiations also contributed to it. “A balanced and sustainable deal is still possible, even if it is less ambitious,” said Michel Barnier, […]

The Turkish lira fell to a new record low this week, despite the nation’s central bank burning through its FX reserves in recent months to keep it from crashing. Inflation is still in the double digits, the current account deficit is exploding, and policymakers are pumping the economy with cheap credit again – which is […]

EURUSD is stubbornly pushing for a close above the 1.1900 level this week, having surpassed it already, though marginally. In the weekly timeframe, hopes for more improvement have strengthened after the price breached a 12-year old resistance trendline, while the first bullish cross between the 20- and 50-weekly simple moving averages (SMA) in three years is further boosting the sentiment. Should the pair […]

Vizsla Resources just released crazy drill results with +21,000 grams silver equivalent and gets 25 Mio CAD bought deal financing with Eric Sprott on Board. The precious metal developer Vizsla Resources has the option to buy a complete mine for production restart for only 23 Mio.$, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. […]

Vizsla Resources just released crazy drill results with +21,000 grams silver equivalent and gets 25 Mio CAD bought deal financing with Eric Sprott on Board. The precious metal developer Vizsla Resources has the option to buy a complete mine for production restart for only 23 Mio.$, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. […]

EURJPY continues to dictate an improving picture as price triumphs above the Ichimoku cloud and the simple moving averages (SMAs). The advancing Ichimoku lines and positively charged SMAs endorse the prevailing uptrend regardless of the latest weakening in the pair. The short-term oscillators mirror the recent deterioration in positive momentum. The MACD, in the positive […]

Sliver is repeating July’s dynamics as it stubbornly pushes for fresh highs this week. The price found new buyers and hit a fresh five-year top at 28.29 on Thursday after crossing above the 38.2% retracement level of the 2011-2020 downtrend. The metal is already up 14.5% so far this month. Although the market is trading […]

The GBP / USD pair successfully avoided going into a correction, mainly due to the bulls who appeared on the psychological level of 1.3000, which kept the bears from pulling the quote down in the price chart. Hence, the pound is still overbought, and the speculators who are currently holding the market do not care […]

EUR / USD On August 5, the EUR/USD pair gained about 60 pips and presumably completed the construction of wave 5 at 5 at C at B, since the quotes began to move away from the previously reached highs already today, and the current wave counting took a fully completed form. If this assumption is […]

The massive explosion that happened on the 4th of August at the Beirut Port has shocked the entire world. With many dead, thousands wounded, about 50% of the city seriously damaged and an unknown number of people still trapped under collapsed ruins, this is a devastating disaster for the city of Beirut. We are expressing […]

As I discussed in the previous review, the BTC managed to trade higher and break the ascending triangle pivot at $11,450, which is strong sign for further upside continuation. Further Development Analyzing the current trading chart, I found that buyers are still in control and there is potential for test of $12,140. Key Levels: Resistance: […]

Latest data released by Markit – 6 August 2020 “The PMI data suggest that the constructor sector is yet to escape from its recent slump, although there are some signs of improvement in the detail. The residential building sector looks to be more resilient to the troubles being caused by the COVID-19 pandemic, with housing […]

Minute operational scale (H4) I will continue to prepare the situation for Palladium & Platinum – an overview of the options for the movement of these instruments from August 7, 2020. ____________________ #PAF (Palladium) Current Month From August 7, 2020, the movement of #PAF (Palladium) will be determined by the development and direction of the […]

Comments by BOE governor, Andrew Bailey We are not taking a strong signal from the recovery so far for what happens next We could do more QE, new forms of forward guidance Risks are skewed to the downside Further stimulus would depend on downside risks coming to fruition Faster economic data gives only a partial […]

Brent crude oil was trading at $45, 46 per barrel in March. It was the highest level. Then, the global oil market faced a collapse due to the COVID-19 pandemic. September’s futures of Brent crude rose by 1.68% to trade at $45.07 per barrel. At the same time, September’s futures of WTI grew by 0.93% […]

GBP/USD has managed to jump above the 1.3138 previous high, top, so it should continue to increase in the upcoming period. The pair is located within an up channel, the major upside target remains at the upside line of this pattern. The price has reversed after breaking above the red downtrend line, this it was […]

Oil is slowly moving up today, in contrast to its tremendous jump yesterday that pushed the quote to reach the highest price levels in the last five months. The reason for it is the reduction of oil reserves in the United States, which was announced by the US Department of Energy, following the results of […]

EUR/USD has failed to make another higher high and now it seems a little heavy. The bullish outlook is intact as long as the pair stays above the 1.18 psychological level. EUR/USD has developed a double top pattern, while the USDX a double bottom formation, but these reversal patterns are far from being confirmed. The […]

The Australian dollar against the US currency was attacking the 70th figure for half a year: buyers of AUD/USD were able to approach the level of 0.7000 in early June, but numerous attempts to storm this price barrier ended in nothing. And only at the end of July, amid the general weakness of the dollar, […]