Asia-Pacific exchanges declined on Thursday morning amid rising geopolitical risks, with the Shanghai Composite Index losing 4.5% after the United States imposed visa restrictions on employees of Chinese technology companies, including Huawei. Europe also opened in the “red” zone, but the decline is significantly smaller, a sharp change in sentiment is unlikely, and the currency […]

Trend analysis (Fig. 1). Today, the market may roll back down from the level of 1.2585 (closing of yesterday’s candle) with the target of 1.2511 – a 38.2% pullback level (red dotted line). In case of breaking this level downward, the next target will be 1.2461 – a 50.0% pullback level (red dashed line). Fig. […]

Working towards strengthening the Canadian dollar is a priority, so sales opened after testing WCZ 1/2 1.3626-1.3613 should be kept. The purpose for a fall is the WCZ 1.3466-1.3442. Testing this zone will allow you to record part of the sales. When working in a downward direction, you need to be prepared for a strong […]

AUDUSD has been slowly ascending after the rebound on the 0.6800 support, jumping above the short-term 20-day simple moving average (SMA). The price is approaching again the almost one-year peak of 0.7067, searching for new upside adventures. Also, the stochastic oscillator is confirming this view as it is reversing north and has yet to reach overbought levels. In the positive scenario, […]

AUDUSD has been slowly ascending after the rebound on the 0.6800 support, jumping above the short-term 20-day simple moving average (SMA). The price is approaching again the almost one-year peak of 0.7067, searching for new upside adventures. Also, the stochastic oscillator is confirming this view as it is reversing north and has yet to reach overbought levels. In the positive scenario, […]

Trend analysis (Fig. 1). Today, the market may roll back down from the level of 1.1412 (closing of yesterday’s candle) with a first target at 1.1345 – a 38.2% pullback level (blue dotted line). There is a possibility that the price may continue to work down from this level, with the next target of 1.1311 […]

Trend analysis (Fig. 1). Today, the market may roll back down from the level of 1.1412 (closing of yesterday’s candle) with a first target at 1.1345 – a 38.2% pullback level (blue dotted line). There is a possibility that the price may continue to work down from this level, with the next target of 1.1311 […]

To open long positions on GBP/USD, you need: Good data on the growth of inflation in the UK did not keep the market in good shape for too long, and after a good buy signal formed above the level of 1.2615, near the middle of the US session, the bears returned the pair to this […]

To open long positions on GBP/USD, you need: Good data on the growth of inflation in the UK did not keep the market in good shape for too long, and after a good buy signal formed above the level of 1.2615, near the middle of the US session, the bears returned the pair to this […]

To open long positions on EUR/USD, you need: Yesterday’s data on industrial production in the US reminded traders of the recovery of the US economy and returned the dollar’s appeal, which has been losing ground against the euro all week amid expectations that the EU leaders will support the European Commission’s proposed 750 billion euro […]

To open long positions on EUR/USD, you need: Yesterday’s data on industrial production in the US reminded traders of the recovery of the US economy and returned the dollar’s appeal, which has been losing ground against the euro all week amid expectations that the EU leaders will support the European Commission’s proposed 750 billion euro […]

Crypto Industry News: Financial media reports that the Japanese government will include consideration of the digital currency of the central bank (CBDC) in its official economic plan. The message appeared 10 days after the announcement by the Bank of Japan that it would start experimenting with the digital yen to check its feasibility from a […]

Crypto Industry News: Financial media reports that the Japanese government will include consideration of the digital currency of the central bank (CBDC) in its official economic plan. The message appeared 10 days after the announcement by the Bank of Japan that it would start experimenting with the digital yen to check its feasibility from a […]

The EUR/USD currency pair is moving within the area of 1.1400/1.1440, which reflects the resistance in the market, stopping buyers. The upward trend line plays the role of a deterrent from further decline. That is why, when the line breaks, market participants will receive a sell signal. It is recommended to sell a pair at […]

The EUR/USD currency pair is moving within the area of 1.1400/1.1440, which reflects the resistance in the market, stopping buyers. The upward trend line plays the role of a deterrent from further decline. That is why, when the line breaks, market participants will receive a sell signal. It is recommended to sell a pair at […]

Possible buy and sell levels for EUR / USD on July 16. EUR / USD Analysis of transactions The trading idea yesterday was to buy positions at the level of 1.1413. As we can see in the chart (highlighted in green), this was done by traders, after which the European currency went up, also due […]

Possible buy and sell levels for EUR / USD on July 16. EUR / USD Analysis of transactions The trading idea yesterday was to buy positions at the level of 1.1413. As we can see in the chart (highlighted in green), this was done by traders, after which the European currency went up, also due […]

Crypto Industry News: The Mitsubishi UFJ or MUFGt financial group, the fifth largest bank in the world, reportedly plans to issue its own digital currency in the second half of 2020. The digital currency project launched in 2015 was originally intended to operate in a Blockchain network and facilitate instant peer-to-peer transactions. After many delays, […]

Crypto Industry News: The Mitsubishi UFJ or MUFGt financial group, the fifth largest bank in the world, reportedly plans to issue its own digital currency in the second half of 2020. The digital currency project launched in 2015 was originally intended to operate in a Blockchain network and facilitate instant peer-to-peer transactions. After many delays, […]

Technical Market Outlook: Another Bearish Engulfing candlestick pattern has been made at the top of the last move up at the level of 1.1452, but bulls are not giving up. This is the seventh attempt to rally above the supply zone located between the levels of 1.1406 – 1.1419. The RSI indicator shows the positive […]

Technical Market Outlook: Another Bearish Engulfing candlestick pattern has been made at the top of the last move up at the level of 1.1452, but bulls are not giving up. This is the seventh attempt to rally above the supply zone located between the levels of 1.1406 – 1.1419. The RSI indicator shows the positive […]

Technical Market Outlook: The GBP/USD pair has made a Bearish Engulfing pattern at the top of rally towards the level of 1.2668. The local high was made at the level of 1.2648 and then the market has reversed and is currently testing the local technical support located at the level of 1.2547. The RSI indicator […]

Technical Market Outlook: The GBP/USD pair has made a Bearish Engulfing pattern at the top of rally towards the level of 1.2668. The local high was made at the level of 1.2648 and then the market has reversed and is currently testing the local technical support located at the level of 1.2547. The RSI indicator […]

Forecast for July 16 : Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1498, 1.1466, 1.1421, 1.1381, 1.1362 and 1.1330. Here, we follow the ascending structure of July 10th. The continuation of the upward movement is expected after the […]

Forecast for July 16 : Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1498, 1.1466, 1.1421, 1.1381, 1.1362 and 1.1330. Here, we follow the ascending structure of July 10th. The continuation of the upward movement is expected after the […]