Technical outlook: EURUSD pushed further through 1.1909 levels before reversing lower. The single currency pair is seen to be trading around 1.1859 at this point in time and it might have carved a meaningful top today. The daily chart is producing a potential shooting star candlestick pattern and will confirm if it closes around these […]

The cost of crude oil increased at the beginning of the last business day this week. The recovery process has started, which means that there will be growth in the near future, the limits of which are still unknown. The reason for the excitement of market participants was the news about the possible extension of […]

Oil prices were down about 4% on Thursday amid fears on the coronavirus, which reduced demand. Nevertheless, OPEC + intends to increase production by 1.5 million barrels a day, starting August. “The increase in shipments, together with the return of production in the US in the coming weeks, will test the sustainability of market sentiment,” […]

GBP/USD is trading in the red according to the H4 chart, it has reached a dynamic resistance and now it could retreat a little. The bias is bullish, so a minor decline could attract more buyers and more bullish energy. The pair slips lower as the USD was boosted by USDX’s current rebound. Don’t forget […]

Latest data reveals that the second wave is near the highs. Deaths in the United States and Brazil have increased above 1,000 a day, and cases in Columbia have risen to almost 10 thousand a day. Conclusion for the US: Trump may not be elected due to his failure in the fight against the coronavirus. […]

Technical analysis recommendations for EUR / USD and GBP / USD on July 31 EUR / USD The upward trend is gaining impulse. The consolidation of the targets 1.1695 – 1.1740 – 1.1813 (weekly target for the breakout of the Ichimoku cloud + the lower border of the monthly cloud) caused only a slight slowdown […]

The trading week is coming to an end and it’s time for us to summarize the preliminary results. We got more than 350 points of the vertical move and the breakout of target levels in such a short period of time as a week, but what has changed and what is worth paying attention to? […]

The good data on the German labor market increased demand for risk assets, particularly the European currency, which prevented the bears from giving more powerful technical pressure on the trading instrument. In addition, the report on the US GDP for the second quarter also came out strong, being better than the forecasts of economists, and […]

Gold has increased as much as $1,983.10 today registering a new historical high. The price has validated a further growth in the short term, so the $2,000 psychological level is seen as the next upside target. The USD’s continuous drop versus the other major currencies helps the yellow metal to jump higher and to reach […]

Dollar slumps again as US economy crashes, heads for fiscal cliff Euro, pound and aussie catapult higher but yen’s jump raises eyebrows European and Asian shares skid but big tech earnings lift Nasdaq Dollar on track for worst month in decade The US dollar is headed for its worst monthly performance in nearly 10 years […]

Dollar slumps again as US economy crashes, heads for fiscal cliff Euro, pound and aussie catapult higher but yen’s jump raises eyebrows European and Asian shares skid but big tech earnings lift Nasdaq Dollar on track for worst month in decade The US dollar is headed for its worst monthly performance in nearly 10 years […]

The US dollar index reached two-year lows, falling to the middle of the 92nd figure. The last time the indicator was at this level was in April 2018. Then the problems of the dollar were associated with Nonfarms: the increase in the number of employees in the non-agricultural sector dipped to 135,000 (seasonal factor + […]

The US dollar index reached two-year lows, falling to the middle of the 92nd figure. The last time the indicator was at this level was in April 2018. Then the problems of the dollar were associated with Nonfarms: the increase in the number of employees in the non-agricultural sector dipped to 135,000 (seasonal factor + […]

Hourly chart of the GBP/USD pair Everything remains stable and works like a clock for the GBP/USD pair. The upward trend line clearly shows which direction the pair is currently moving and in which direction it is necessary to trade. The price has not even approached the trend line during all this time, which indicates […]

Hello, dear colleagues! At yesterday’s trading, the main currency pair of the Forex market continued to demonstrate an upward trend. This time, the bullish scenario of the July 30 session can be attributed to a crushing drop in US GDP in the second quarter. The unfortunate COVID-19 pandemic, whose main focus was in the United […]

The presented provisional US GDP data for the second quarter showed all the sad state of the country’s economy, which has experienced a spring closure period against the background of a coronavirus pandemic, as well as huge losses that may be eliminated for a considerable period of time. According to the published statistics, the US […]

Trading recommendations for the EUR / USD pair on July 31 EUR / USD Analysis of transactions Sell transactions opened at the level of 1.1750 did not bring much profit to traders, since the downward movement of the quote was just about 17 points. But the buy transactions, which were opened at the level of […]

Minute operational scale (H4) Early August – how Palladium & Platinum will behave – overview of movement options from July 31, 2020. ____________________ #PAF (Palladium) Current Month From July 31, 2020, the movement of #PAF (Palladium) will be determined by the development and direction of the breakdown of the boundaries of the 1/2 Median Line […]

The EUR/USD currency pair showed a sharp upward mood once again, following the yellow trend channel. As a result of which, the local maximum of 1.1805 —> 1.1904 was updated, as well as the slope of the trend lines was changed. The technical analysis coincides with the expectations of market participants regarding the price following […]

USDCAD found a strong rebound around the 1.3310 low heading towards the bearish crossover within the 20- and 40-day simple moving average (SMA) to the 200-day one. The RSI bounced off the oversold territory and is pointing south, while the %K line of the stochastic oscillator recorded a bullish cross with the %D line in […]

USDCHF is set to complete its sixth consecutive bearish week and close below the 0.9075 tough support area from May 2015, further confirming the break of a long-term range zone. The bias remains strongly negative as reflected by the downward-sloping simple moving averages (SMAs) and the weakening momentum indicators. However, hopes that the sell-off may […]

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To open long positions on GBP/USD, you need: My fears about the possibility of a downward correction of the British pound were not justified. The US dollar’s weakness continued to drive the pound to new highs. If you look at the 5-minute chart and remember my forecasts for yesterday morning, you will see how after […]

To open long positions on EUR/USD, you need: My fears about a slowdown in the bullish momentum of the European currency turned out to be wrong, and yesterday, after breaking the resistance of 1.1762, which I paid special attention to in the forecast for the second half of the day, EUR/USD resumed to grow with […]

Technical Market Outlook: The GBP/USD pair has made another local high at the level of 1.3141, just a little above the technical resistance located at 1.3121, which is rather another confirmation of the positive sentiment despite the extremely overbought market conditions. The bulls are still in control over this market and the next target for […]