Gold price has exceeded our expectations. In our last analysis we noted that it would be wise to at least take partial profits after such a big rise in price over the last few days. However Gold price only made an intraday break to the uptrend and is now challenging $1,900. Black lines – consolidation […]

EURUSD has moved above 1.16 today challenging long-term resistance levels. Trend is clearly bullish and as long as price is above 1.12, we remain longer-term bullish. This does not mean we could not see a pull back towards 1.15. Green line -long-term resistance EURUSD is challenging the long-term resistance trend line from the 2008 highs. […]

The pound sterling maintains an upright structure mainly due to the weakening of the greenback. Aside from this, there are no more apparent reasons for this growth. Its strategic benchmark is around $ 1.27 per pound. The value of the pound is holding firmly above $ 1.27 on Thursday, but it has little reason to […]

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 and forced the pair to have a downside pause towards the uptrend line. Since last week, the uptrend seems to show […]

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 […]

In April 2020, the GBPUSD pair has been moving sideways within the depicted consolidation range extending between the price levels of 1.2265 and 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 current […]

Tensions between Washington and Beijing are growing rapidly, forcing the Asia-Pacific stock markets to react more cautiously than before. In this regard, today there are practically no obvious dynamics, and the one that is present is rather negative. The Japanese stock exchanges are closed on Thursday and Friday in observance of a holiday in the […]

Silver prices reached the maximum level for the first time since 2013. Today, the price is $23.27 per troy ounce. The price of gold also continues to grow and now, it is at the level of $1,874 per troy ounce. Analysts believe that by the end of the year, gold will rise in price by […]

EURJPY is on the sidelines after it reached a fresh seven-week high around 124.28 and it looks ready for a possible pull back. Technically, the RSI is returning lower after it climbed to the overbought zone, while the stochastic is heading south, both hinting for a downside retracement in the very short-term. Despite those signals, […]

To open long positions on GBPUSD, you need: In the first half of the day, buyers of the pound rebuffed sellers, starting to actively act in the support area of 1.2701, from where I recommended opening long positions. If you look at the 5-minute chart, you will see how the formation of a false breakout […]

To open long positions on EURUSD, you need: In the first half of the day, nothing significant happened, except the formation of a false breakout in the resistance area of 1.1597, from which I recommended opening short positions. Let’s look at this input in more detail. If you look at the 5-minute chart, you will […]

With the EU recovery fund deal now in the rear-view mirror, euro traders will turn their sights to the Eurozone’s preliminary PMIs for July, due at 08:00 GMT Friday. Forecasts point to an uptick in all indices, reflecting the smooth re-opening process in Europe. If so, this would be another piece of good news for […]

With the EU recovery fund deal now in the rear-view mirror, euro traders will turn their sights to the Eurozone’s preliminary PMIs for July, due at 08:00 GMT Friday. Forecasts point to an uptick in all indices, reflecting the smooth re-opening process in Europe. If so, this would be another piece of good news for […]

Technical analysis: EUR/USD has been trading strongly to the upside with the good momentum and I see potential for the continuation towards the important resistance at 1,1840. Trading recommendation: Based on the weekly time-frame, I found that buyers are in total control with strong momentum to the upside. Watch for potential buying opportuntiies on the […]

Technical analysis: Gold has been trading upside strongly and its heading towards the all time high at $1,923. I see more upside and buying the dips should be preferable. Trading recommendation: Watch for potential buying opportuntiies on the dips since the Gold is in the strong upside momentum. Stochastic oscillator is is showing new momentum […]

Technical analysis: Gold has been trading upside strongly and its heading towards the all time high at $1,923. I see more upside and buying the dips should be preferable. Trading recommendation: Watch for potential buying opportuntiies on the dips since the Gold is in the strong upside momentum. Stochastic oscillator is is showing new momentum […]

Technical analysis: BTC has been trading upside and I found that there is the breakout of the Bollinger upper band and contraction, which is strong sign for the further upside. I see potential for test of $9,750 and $10,000. Trading recommendation: Watch for potential buying opportuntiies on the dips since the BTC is on the […]

USDCHF is bearishly exposed to the nearby 0.9258 support level after failing to crawl above the 61.8% Fibonacci retracement level of the March rally last week. The technical indicators are framing a discouraging picture for the short-term too, as the price is further deviating below the downward-sloping 20-day simple moving average (SMA) and the MACD […]

USD/CAD pair is trading at 1.3372, right below the 1.3375 downside obstacle, static support, a valid breakdown, stabilization, below it will validate a further drop towards new lows. The price is trapped within a major descending channel, so the outlook is bearish, USD/CAD could drop deeper as long as it stays within this major chart […]

According to a study performed by the International Monetary Fund’s experts, the strengthening of the US dollar is posing a threat to the global economy and could make the COVID-19 consequences even worse. An unprecedented collapse in global demand and commodity prices, capital outflows and a general deficit in the global economy led to the […]

Gold has reached another high at $1,888 level today, the price is strongly bullish, so it could reach fresh new highs. It is trading at $1,880 level, a minor decrease could give us a great chance to go long on the yellow metal. I’ve said yesterday that Gold is bullish and it should climb higher […]

Good afternoon traders! A trading idea for the GBP/USD pair. Yesterday, the quote closed with a pin bar in the trend, which cut the buy stops of bulls for the next day: To raise the price in the trading chart, open long positions and follow the plan listed below: Take profit when the quote reaches […]

GBP/USD is testing strong dynamic resistance. A valid breakout will open the door to a further growth in the short term. The pair is trading at 1.2727, the price action has signaled a potential breakout above the near-term resistance levels. The pair has decreased a little in the last hours, but this drop could be […]

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The pandemic is again on the rise. Latest data reveals that the United States has once again recorded daily incidences above 70 thousand, and the other leading countries, Brazil and India, has also recorded increases in the number of new infections. All in all, the total cases in these three countries account for more than […]