To open long positions on GBP/USD, you need: The pressure on the British pound returned on Friday, but this did not lead to a serious sale. Several signals formed to enter the market. Let’s break them down on a 5 minute chart. You can clearly see how bears formed a false breakout in the resistance […]

Overview: Pivot : 0.7100. The AUD/USD pair broke resistance, which turned into strong support at 0.7048 last week. First minor support sets at the price of 0.7100. The pair is trading above this level. It is likely to trade in a higher range as long as it remains above the support (0.7048), which is expected […]

To open long positions on EUR/USD, you need: Despite the fundamental statistics on the euro area last Friday, several obvious signals to sell the European currency were formed, which we will now talk about in more detail. If you look at the 5-minute chart and remember my forecast, you will see how forming a false […]

At the end of July, the US dollar lost noticeably against the main currencies, although it had already declined for two months before that against the basket of major currencies. The ICE dollar index also fell to its lowest level in September 2018 and is likely to continue its decline. Earlier, during the outbreak of […]

Trading recommendations for the EUR / USD pair on August 3 Analysis of transactions The first signal for the bottom of the euro at the price level of 1.1895 did not lead to a rise, but the sell signal, which arose after the price reached the level of 1.1862, turned out more profitable since such […]

The EUR/USD currency pair has been following the rising channel for almost three weeks, changing the slope every now and then, but everything changed last Friday. For the first time in a long time, a correctional move appeared, which set a reverse movement from the level of 1.1900 towards 1.1740, that is, locally breaking through […]

The pair traded upward on Friday and tested the historical resistance level 1.1910 (blue dotted line) then the price went down. Today the price may continue to move down. Economic calendar news for the euro is expected at 07:55 UTC, and for the dollar at 14:00 UTC. Trend analysis (Fig. 1). The market may continue […]

Technical Market Outlook: The GBP/USD pair has made a new swing high at the level of 1.3169 and is continuing to make higher highs. The up trend is developing despite some local pull-backs. The next target for bulls is seen at the level of 1.3199 and the nearest technical support is located at the level […]

Technical Market Outlook: The EUR/USD pair has made a new swing low at the level of 1.1908, but the Bearish Engulfing candlestick pattern was made at the top of the move. The market has returned then below 61% Fibonacci retracement on weekly time frame chart (seen at 1.1822) and is now back in the ascending […]

Crypto Industry Outlook: On July 30, Twitter released a note revealing how hackers gained access to its internal network and account management tools during the recent attack. It also gave details of the additional measures taken to improve security since the hack resulted in 12 Bitcoins being obtained by attacking the accounts of celebrities and […]

Crypto Industry Outlook: On Sunday Bitcoin and Ethereum fell 12% and 20% respectively in about 6 minutes during Flash Crash. Over $ 1 billion in positions have been liquidated. According to Bybt market data, over 72,422 traders have liquidated in the last 24 hours. The largest single $ 10 million liquidation occurred on BitMEX. As […]

Crypto Industry Outlook: On Sunday Bitcoin and Ethereum fell 12% and 20% respectively in about 6 minutes during Flash Crash. Over $ 1 billion in positions have been liquidated. According to Bybt market data, over 72,422 traders have liquidated in the last 24 hours. The largest single $ 10 million liquidation occurred on BitMEX. As […]

Hourly chart of the GBP/USD pair. For the GBP/USD currency pair, the technical picture remains more clear and unambiguous. There is an upward trend line that continues to support traders who are trading higher. There was no attempt to go below this trend line, and all corrections of the pair occur above it. On Friday, […]

Hourly chart of the EUR/USD pair. The EUR/USD currency pair returned to the ascending channel during the last trading day (last Friday), which showed its desire to resume the upward trend, but later resumed the downward movement and again left its limits. We talked about the fact that if the pair return to the channel, […]

EUR/USD The euro fell 67 points last Friday, which formed a divergence with the Marlin oscillator on the daily chart. Apparently, this is the reversal of the single currency, which we have been waiting for several days. The nearest target for the euro is 1.1620. The second target is 1.1490 (March high), the third target […]

EUR/USD The euro fell 67 points last Friday, which formed a divergence with the Marlin oscillator on the daily chart. Apparently, this is the reversal of the single currency, which we have been waiting for several days. The nearest target for the euro is 1.1620. The second target is 1.1490 (March high), the third target […]

GBP/USD The pound sterling showed the first black candlestick in the last ten sessions on the daily chart last Friday. It is known from practice that this pattern – a black candlestick after the previous ten white ones (and vice versa) – is often a reversal signal – either to a deep correction or to […]

GBP/USD The pound sterling showed the first black candlestick in the last ten sessions on the daily chart last Friday. It is known from practice that this pattern – a black candlestick after the previous ten white ones (and vice versa) – is often a reversal signal – either to a deep correction or to […]

AUD/USD The Australian dollar made the last rush to the upper border of the target range of 0.7190-0.7225 and, having turned down, closed the day by losing 50 points last Friday, July 31. The triple price divergence with the Marlin oscillator has fully formed on the daily chart. Now we are waiting for the price […]

USD/JPY The dollar jumped 113 points against the yen last Friday. Trading volumes were high – the highest since June 10. The US stock index S&P 500 rose 0.77% on Friday. Visually, it is preparing to storm the pre-crisis high of 3393. It seems that there is not much time left to wait until the […]

GBP/USD 1H The GBP/USD pair also started to adjust on Friday. However, the correction was very weak, and the upward trend line continues to signal an upward trend. At the moment, the pair has not even managed to get close to the trend line or the Kijun-sen line. Thus, it is extremely early to talk […]

EUR/USD 1H The euro/dollar pair finally started a more or less noticeable downward movement on the hourly timeframe of July 31. We have specially built a new ascending channel that shows that the pair’s quotes have left it. At the same time, buyers released the pair below the critical Kijun-sen line, so we have two […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 98.7842 The British pound continues to react to what is happening in the world with much less eagerness than, for example, the euro/dollar pair. We have repeatedly said that if […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 31.4677 The US currency has fallen into the abyss in recent weeks at the rate of almost free fall. Such strong growth of the euro and the pound against the […]

Last week EURUSD ended on Friday after profit taking by bulls and some Dollar buying as price pulled back from 1.19 to 1.18. After the break out at 1.14 EURUSD has risen more than 400 pips. There are signs of a coming Dollar bounce EURUSD pull back. Yellow rectangle – consolidation range -now support EURUSD […]