AUDJPY hit a one-month high of 75.26 on Tuesday as it continued to increase positive momentum following last week’s bounce off the 20-day moving average (MA). The RSI is currently trending higher above 50 and hasn’t yet reached overbought levels, indicating there is scope for additional gains in the coming days. However, the MACD remains […]

AUDJPY hit a one-month high of 75.26 on Tuesday as it continued to increase positive momentum following last week’s bounce off the 20-day moving average (MA). The RSI is currently trending higher above 50 and hasn’t yet reached overbought levels, indicating there is scope for additional gains in the coming days. However, the MACD remains […]

Gold price remains in a bullish trend. Gold is testing a triple top short-term formation while inside the bullish channel. The RSI is not in overbought conditions and as long as price holds above $1,790-85 we can expect Gold to continue to new higher highs. Red lines – bullish channel Blue rectangles – triple top […]

Gold price remains in a bullish trend. Gold is testing a triple top short-term formation while inside the bullish channel. The RSI is not in overbought conditions and as long as price holds above $1,790-85 we can expect Gold to continue to new higher highs. Red lines – bullish channel Blue rectangles – triple top […]

In a previous analysis we noted the the trading range AUDUSD was in. In our last analysis we noted that we preferred to be bullish as the risk reward ratio for favorable towards bulls. The risk was smaller for bulls as the stop loss level was very close by. Blue rectangle – resistance Green rectangle […]

In a previous analysis we noted the the trading range AUDUSD was in. In our last analysis we noted that we preferred to be bullish as the risk reward ratio for favorable towards bulls. The risk was smaller for bulls as the stop loss level was very close by. Blue rectangle – resistance Green rectangle […]

America reports retail sales for June at 12:30 GMT Friday, and while forecasts point to another increase, the data may be seen as outdated already. The outlook for consumption took a severe hit in late June as several states rolled back re-opening plans, so investors will likely wait for July data before drawing any conclusions […]

The head of the Federal Reserve Bank of St. Louis, James Ballard, said that the situation will not change in the next six months as those who were temporarily laid off will return to work. He claims that the unemployment rate will fall to 4.5%. However, the economic recovery will take a lot of time […]

EUR/USD On July 14, the euro/dollar pair gained about 55 basis points. It continues to build the expected wave 5 in C and B. A successful attempt to break the 161.8% Fibonacci level indicates that the markets are ready for new purchases of the single currency. Thus, the pair may continue advancing to the targets […]

Gold prices continued the extreme bullish rally that started on March 20, posting a new nine-year peak of 1,817.89. But the commodity may see an overbought market as the RSI is turning lower, while the MACD is developing near the trigger line at the moment, signalling that the price is heading sideways in the very […]

China releases GDP readings for the second quarter on Thursday at 02:00 GMT along with industrial production for June, retail sales and fixed investment data. All figures are forecast to strengthen, indicating that the world’s second largest economy is recovering albeit gradually after contracting at a record rate. The data could boost risk sentiment, though […]

The British pound rose in spirit after yesterday’s data on the pace of economic recovery after the coronavirus pandemic, which was far from predicted. Today, a report on the UK consumer price index was released, which increased in June this year compared to May, although many feared that this will not be without surprises. Given […]

According to the OPEC monthly report, in 2021 oil demand will rise by 25%. Oil production will hit 29.8 million barrels per day. This is a result of the global economic recovery after the coronavirus pandemic. It will highly affect a rise in demand. However, the US oil production in 2021 will be negligible. Moreover, […]

Coincidentally, the July meeting of the European Central Bank will be held on the eve of the most important event for Europe – the summit of EU leaders. For the first time since the beginning of the pandemic, representatives of the bloc will meet offline to discuss the European Commission’s 750-billion anti-crisis plan. Given the […]

The price of oil soared on Wednesday after a series of declines for the past few days. Investors are still tense in anticipation of the next meeting of OPEC ministers, on July 15, Wednesday. In addition to this, the next batch of statistics on stocks of raw materials, gasoline, and distillates in the United States […]

To open long positions on GBPUSD, you need: The hope of buyers of the pound was on the data on inflation in the UK, which was slightly better than the forecasts of economists, which allowed to maintain the bullish momentum today in the morning. If you look at the 5-minute chart, you will see how […]

To open long positions on EURUSD, you need: In the first half of the day, there was a breakdown and consolidation above the resistance of 1.1419, which served as a signal to enter the market for the continuation of the upward trend formed at the end of last week. If you look at the 5-minute […]

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Technical analysis: BTC has been trading sideways at the price of $9,300. There is potential for the bigger drop but the price would need to breakout the key support at $8,900 to confirm downside direction. Trading recommendation: Watch for potential selling opporutnities in case of the downside breakout of support at $8,900. Stochastic is showing […]

Technical analysis: EUR/USD has been trading upwards. Anyway, I found that there is the potential for the downside rotation towards the 1,1400 and 1,1380 due to the resistance on the test. Trading recommendation: Watch for potential selling opporutnities due to rejection of the major resistance and potential for downside movement towards the 1,1400 and 1,1380. […]

Technical analysis: Gold has been trading upwards. The price tested and rejection of the marjor resistance at the price of $1,815, which is sign for the potential downside rotation. I see potential test of $1,794 and $1,775. Trading recommendation: Watch for potential selling opporutnities due to rejection of the major resistance and potential for play […]

Chaotic surges were observed in the market yesterday, during which the quote slowed down within the level of 1.2500. Afterwards, it formed a rebound, returning the price at more than half of the previous movement. This is because speculators reduced their short positions within the level of 1.2500, transferring their transactions into buy at low […]

Many are expecting the US dollar to decline, in anticipation of a fast economic recovery expected to be seen in the next 6-12 months. According to the recent survey conducted by HSBC, 46% of the respondents believe that the dollar will fall amid a reduced risk in coronavirus, while about 25% said that the dollar […]

The topic of competition between the yellow metal and the US currency does not appear too often in analytics, since both instruments are so self-sufficient that they require separate research. Contrasting gold and USD is a difficult task, and the more interesting it is to understand this issue. The gold market continues to amaze investors. […]

EUR/USD pair was trading within a down channel, between the downtrend line and the downside line, for more than a year on the Daily chart, but the price has escaped from this pattern (descending channel), the breakout above the downtrend line has signaled that the price could increase further in the upcoming period. The pair […]