EUR/USD The euro continues to develop a downward movement towards the first target of 1.1620. Yesterday, the price fell by 85 points, but it eventually ended the day by losing 17 points, which was partly due to worse-than-expected construction costs in the United States – the June indicator showed a decrease of 0.7% against expectations […]

AUD/USD The Australian dollar nearly hit its first bearish target of 0.7070 on Monday. And since the technical situation is still decreasing, even intensified somewhat, today we expect the price to attack support at 0.7070. Success will contribute to further decline to the target level of 0.6970, which was approached by the MACD indicator line. […]

USD/JPY The Japanese yen met yesterday’s extremes with technical resistance: the upper shadow is the resistance of the balance indicator line, the lower shadow is the support of the embedded price channel line. This fact enhances the value of active technical instruments, therefore, we are waiting for the attack at the resistance of the upper […]

USD/JPY The Japanese yen met yesterday’s extremes with technical resistance: the upper shadow is the resistance of the balance indicator line, the lower shadow is the support of the embedded price channel line. This fact enhances the value of active technical instruments, therefore, we are waiting for the attack at the resistance of the upper […]

EUR/USD 1H The euro/dollar pair continued its downward movement on the hourly timeframe of August 3, which may turn into a downward trend, but met an obstacle in the form of a support area of 1.1702-1.1727 and rebounded off the lower border. Thus, further downward movement still has good prospects, as the bears managed to […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 46.7847 The British pound, as well as the euro, continued to fall on Monday, August 3. If the European currency worked out the moving average line during the day, the […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – sideways. CCI: -37.7517 For most of the first trading day of the week, the European currency continued to adjust. Thus, we have witnessed the biggest correction in the past month. Technically, the […]

The coronavirus crisis affects the dynamics of currency pairs in different ways. Even for the same currency, COVID-19 can be at first an “ally” and then a merciless enemy. And vice versa. A striking example of such a transformation is the euro-dollar pair, or rather, its price dynamics this year. In January and early February, […]

Asia-Pacific’s major stock indexes failed to agree on a single trend and showed movement in different directions on Monday. The main news, which was so differently perceived by the trading platforms, was the increase in the number of coronavirus infections in the region. In addition, a significant impact on the markets occurred against the backdrop […]

EURUSD goes for a normal correction. You may consider purchases in case of a pullback from 1.1700 and below. Stop at 45 pips. If the stop is removed, reopen it with an increased volume. Second option: Buy in case of breaking through 1.1785 upward with a target at 1.1885. ISM Industrial USA +54.2 The material […]

AUDUSD seems to have found a foothold around the fortified 0.7063 trough. Reinforcing this area is the lower surface of the Ichimoku cloud and the 100-period simple moving average (SMA). Currently, the falling Ichimoku lines are reflecting weakness in positive momentum as are the short-term oscillators. That said, the red Tenkan-sen line has yet to […]

USDCAD remains in a bearish short-term trend. Our last signal was given at the break of 1.35 and since then we remain bearish. Price continues to make lower lows and lower highs. Price is inside a bearish channel and as long as we are trading below 1.3475-1.35 we remain bearish. Blue lines- bearish channel Red […]

In yesterday’s analysis I mentioned our first pull back target for EURUSD at 1.16. However we also mentioned that in order for price to reach the 38% Fibonacci retracement the short-term support at 1.1740-1.17 area should first break. Yellow rectangle- consolidation range EURUSD has started the anticipated pull back. Price has stopped decline right at […]

Gold price remains in a bullish trend. A pull back towards $1,950-$1,900 area is justified but not 100% necessary. Our next target for Gold is at $2,010. There is no sign of a trend reversal or a short-term top. So far we only had some warning signs. Blue lines – bullish channel Yellow rectangle – […]

EURUSD as expected by our previous analysis has pulled back towards 1.17. Price has broken through the short-term support indicators and has almost reached the Ichimoku cloud and our first target for a pull back at 1.17. Price remains in a bullish trend as we are still above the Kumo. Price is however below both […]

Minor operational scale (Daily) Last month of summer – a correction option? Options for the development of the movement of AUD/USD & USD/CAD & NZD/USD (Daily) on August 4, 2020. ____________________ Australian dollar vs US dollar From August 4, 2020, the development of the movement of the Australian dollar AUD/USD will be determined by the […]

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 […]

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 euro and the pound sterling went on losing ground against the US dollar despite the news about a record high number of confirmed coronavirus cases in July. It is possible that investors who were betting on a rise in the risky assets decided to take a pause after a rally that was logging since […]

FXTM Senior Research Analyst, Lukman Otunuga, rounds up all the key market events for this week and pinpoints what traders might be looking out for, including: • Market mood lifted by positive data • #BoEmeeting and #USjobs report in focus • #Dollar attempts to rebound For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt #FinancialNews […]

US 500 index (Cash) is encountering strong resistance around the recent five-month high of 3,292.24. The price appears to have somewhat stalled for now, something also suggested by the flattened Ichimoku lines. The short-term oscillators further reflect the pause in positive momentum. The MACD, in the positive region, continues to float just below its horizontal […]

Further Development Analyzing the current trading chart on the 4H time-frame, I found that there is still symmetrical triangle chart formation in creation, which is sign that BTC is in period of contraction and that breakout should happen in next period. Watch for the breakout to confirm further direction. The key resistance is set at […]

“PBOC says that monetary policy will be more flexible, targeted in 2H 2020 These comments aren’t new by the PBOC but it reaffirms their current monetary policy stance and that they will keep going forward with targeted RRR cuts when necessary to aid with liquidity, while also maintaining current credit conditions. Again, for all the […]

“Eurozone factories reported a very positive start to the third quarter, with production growing at the fastest rate for over two years, fuelled by an encouraging surge in demand. Growth of new orders in fact outpaced production, hinting strongly that August should see further output gains. The order book improvement has also helped restore business […]