Technical Market Outlook: The EUR/USD pair has broken through the key long-term Fibonacci retracement located at the level of 1.1822 and made a new high at the level of 1.1904 ( at the time of writing the analysis). The bulls are still in control of the market and both momentum and stochastic indicators are showing […]

There are only 7% of all Bitcoins currently in circulation that were purchased more than today’s figures. TThis is evidenced by data from the Glassnode service. Accordingly, 9 out of 10 investors have already earned on the first cryptocurrency. But experts are sure that it is too early to fix the profit. What the statistics […]

Crypto Industry News: The Australian Securities and Investments Commission (ASIC) asks people to be cautious about Bitcoin scam sites promoted by celebrities. According to the commission’s public warning, the Australian regulator has received a series of reports of bogus crypto sites allegedly being promoted by well-known companies, new sites, and government agencies. Some even seem […]

Crypto Industry News: The story of PlusToken, one of the biggest scams in the cryptocurrency industry, unveils another card as reports of the arrest of nearly thirty suspects related to the case surfaced. PlusToken extorted nearly $ 6 billion from investors. As many as 27 members of PlusToken’s core team have been arrested by Chinese […]

Hourly chart of the EUR/USD pair The EUR/USD pair consolidated below the rising channel yesterday, which already gave hope to traders that the euro would fall. However, there were several important macroeconomic reports in the European Union and the United States released during the day, which contributed to the change in the intraday mood of […]

GBP/JPY is ready to test the resistance line near 137.85 and break above here. If so, it will rise higher to 139.80 as the next upside target. However, in the longer-term, we are looking for much more upside pressure and a rally to 148.32. Support at 136.07 will be able to protect the downside for […]

EUR/JPY is ready to break above minor resistance at 124.29 which will call for a continuation higher towards 125.82 and 127.38 on the way towards the next upside target at 129.26. We need to be aware that a failure to break above resistance at 124.29 will lead to a prolonged corrective phase and a retest […]

EUR/USD US President Donald Trump threw a bit of confusion into the markets by proposing to postpone the presidential vote from November 3 to a later date on the grounds that he believes too many voters have started voting by mail. Later, Trump abandoned the idea of postponing the elections, but the markets worked out […]

AUD/USD The Australian dollar was down 70 points towards the evening on Thursday. The currency relatively calmly accepted the news of a 32.9% drop in US GDP for the second quarter (the expectation was even worse: -34.5%), but it could not stand US President Donald Trump’s announcement of his intention to postpone the presidential election […]

USD/JPY The Japanese yen continues to develop according to the main scenario: a consistent decline to the target levels of 103.80, 102.45. The price forcefully overcame the 104.60 level on the daily chart, about 60 points to the nearest at 103.80. It seems that the level will be reached, as the readings of the indicators […]

GBP/USD 1H The GBP/USD pair also continues its upward movement, even stronger and more confident than the EUR/USD pair. Buyers managed to overcome the second resistance level of 1.2988 this week, so now the road is open to the next target of 1.3174. The upward trend line is still relevant and supports bull traders. There […]

EUR/USD 1H The EUR/USD pair continued to move upward on the hourly timeframe on July 30. The minimum correction did take place, however, the bears remain extremely weak. In fact, the pair has never even approached the Kijun-sen line over the past days and even weeks, which just means the absence of tangible corrections and […]

The US dollar fell to a new 25-month low and hit 93.30 against a basket of competitors. Despite today’s rebound, market experts believe that the dollar still has room to decline. This is due to the actions of the Federal Reserve and its willingness to further ease monetary policy. Nevertheless, the dollar index recovered by […]

Asia-Pacific stock markets barely moved on Thursday. The main indicators showed almost no dynamics. Market participants continue to focus on the results of the meeting of the Federal Reserve System of the United States of America. Japan’s Nikkei 225 Index slowed down and sank 0.22%. Even the good statistics on the level of retail sales […]

Intermediate-term Technical outlook for the GBP/USD pair remains bullish as long as bullish persistence is maintained above 1.2265 (Previous Consolidation range Lower Limit) on the H4 Charts. On May 15, transient bearish breakout below 1.2265 (the depicted demand-level) was demonstrated in the period between May 13 – May 26, denoting some sort of weakness from […]

Every company wishes for a blessing like Amazon.com received from the Covid-19 crisis, and the second quarter earnings results due on Thursday after the market close could further justify this view. The e-commerce giant is expected to show stronger financial results, with analysts maintaining their “buy” recommendation and raising the median share price target to $3,300. Amazon could benefit during unusual times The […]

Every company wishes for a blessing like Amazon.com received from the Covid-19 crisis, and the second quarter earnings results due on Thursday after the market close could further justify this view. The e-commerce giant is expected to show stronger financial results, with analysts maintaining their “buy” recommendation and raising the median share price target to $3,300. Amazon could benefit during unusual times 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 […]

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 […]

To open long positions on GBPUSD, you need: In the first half of the day, several signals were formed to buy the British pound. Let’s look at the entry points in more detail. If you look at the 5-minute chart, you will see that after a downward correction to the support area of 1.2949, a […]

To open long positions on EURUSD, you need: In the first half of the day, it was not possible to achieve a normal entry point for buying or selling the European currency. The level of 1.1756, which I was paying attention to, was completely blurred, resulting in a new resistance of 1.1762, which is clearly […]

Alphabet’s (Google) stock price has reversed from the multi-year high of 1,579.30, finding strong support at the 1,483 level where the Ichimoku cloud is currently holding. Positive sentiment appears to be reviving after the bounce on the supportive trend line pulled from the March 23 low of 1,009. Further backing this short-term view are the upward slopes of the […]

EURUSD: No movement yet. New claims for US unemployment for the last week of July increased to 1.4 million. Long-term employment, on the other hand, has stopped declining at 17 million. We are waiting for a strong rollback in the euro to 1.1670, after which you may consider purchases. The material has been provided by […]

The price of crude oil again cannot choose the vector of its movement. It slightly corrected downward on Thursday morning, but the movement was so insignificant to assert that prices practically stand still. However, on Wednesday, the price grew slightly against the background of the release of another portion of statistical data on the level […]

The world’s reserve currency took a beating lately, as the resurgence of infections in the US painted a darker outlook for the nation’s economic recovery and sparked expectations for more action by the Fed. But FX is a two-way game, and the dollar’s downfall wouldn’t have been so sharp without better news out of Europe […]