The dollar-yen pair is still trading within the 107th figure. Rare attempts to leave the price range of 106.80-107.90 end in vain. One of these attempts was made last Friday, when USD/JPY bears tried to go below the lower price level against the background of another anti-record related to the coronavirus. But yesterday the pair […]

It seems that yesterday, in the absence of any news, market participants decided to prepare in advance for today’s release of data on inflation in the United States and are playing against the opposite. That is, the euro confidently strengthened its position despite the fact that a significant increase in inflation has been forecast. Although […]

Good afternoon traders! Here are trading ideas for gold. For the past five days, gold has been constantly trading just above the round level of 1800., But using technical analysis, we can see that a very interesting trap for the bulls is emerging, which we can use to get profit. Yesterday, a false breakout occurred, […]

The periodic resistance in the area of 1.2660/1.2670 managed to restrain insatiable buyers, eventually reducing long positions and forming something similar to the “Double Peak” graphic pattern that accumulated sellers on the market. It is worth considering that the resistance of 1.2660/1.2670 is a kind of reflection from the local maximum on June 16 – […]

The current week may present the British currency with new surprises related not only to macro statistics, but also to rivals in the GBP/USD and EUR/GBP pairs. Experts fear that the pound may reach parity with the European currency this year, dropping to critical values. The question of parity arose not by chance, and it […]

Honestly, the behavior of the single European currency and the pound was quite strange yesterday, simply for the simple reason that they moved in completely different directions. But the macroeconomic calendar was completely empty and there wasn’t much news either. Nevertheless, the single European currency rose in price, and the pound became cheaper. At the […]

Forecast for July 14 : Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1466, 1.1421, 1.1381, 1.1330, 1.1312, 1.1283 and 1.1257. Here, we are following the formation of the ascending structure of July 10. The continuation of the upward […]

EURJPY, in spite of assisting positive signals is struggling to overcome the region around the 122.00 mark. The recent progress from the 200-day simple moving average (SMA) appears postponed just below this constricting 122.00 handle, where the upper Bollinger band currently is located. The gradual inclines in the 100- and 200-day SMAs and the nearing […]

Good afternoon traders! The plan yesterday was to short the USD / CAD pair in the trading chart:. However, the quotes closed with a pin bar, but it is within a long-term trend: Such a development cancels the initial short scenario, but at the same time does not give a long one because there is […]

Crypto Industry News: The Securities and Exchange Commission and the Commodity Futures Trading Commission have issued a joint fine on Abra, a crypto application that allows users to get synthetic exposure to traditional markets. According to the SEC, Abra offered “swaps based on securities” to retail investors without proper registration, and “did not carry out […]

Good afternoon traders! A trading idea for the AUD / USD pair. Yesterday, at the American trading session, the quotes closed with a short pin bar on the daily chart (D1): To lower the price in the trading chart, open short positions and follow the plan indicated below: So, in accordance with the Price Action […]

Crypto Industry News: The Singapore authorities today announced that their Blockchain payment project, Project Ubin, is complete and ready for commercial launch. The Singapore monetary authorities (MAS) first launched the Ubin project in 2017, planning first to develop a digitized Singapore Dollar (SGD). The next steps included examining Blockchain and DLT technologies to build a […]

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GBPUSD has been moving sideways since the rebound off the 35-year low of 1.1409 on March 20, holding in an upward sloping channel. In the short-term, the market could maintain consolidation if the RSI keeps moving around 50 and the red Tenkan-sen line, as well as the blue Kijun-sen line, hold flat. Also, the MACD oscillator is […]

Technical Market Outlook: The EUR/USD pair has moved higher again and finally broke above the supply zone located between the levels of 1.1347 – 1.1361. Another Bearish Engulfing candlestick pattern has been made at the breakout, but bulls are not giving up. This is the fifth attempt to rally above the supply zone located between […]

Technical Market Outlook: The GBP/USD pair has made a Double Top price pattern at the level of 1.2668. Moreover, there is a Bearish Engulfing pattern made at the top of the rally as well, so the indication of the reversal is strong. The bears have managed to push the prices towards the level of 1.2542 […]

Technical Market Outlook: The GBP/USD pair has made a Double Top price pattern at the level of 1.2668. Moreover, there is a Bearish Engulfing pattern made at the top of the rally as well, so the indication of the reversal is strong. The bears have managed to push the prices towards the level of 1.2542 […]

The government warns that the results of the ongoing negotiations on Brexit will not lead to major changes in trade with the EU, for which businesses should prepare. The customs declarations are complex. They occupy as many as 208 pages of government guidelines for imports and exports, which will take effect after the end of […]

The pair traded upward on Monday and once again failed to break the resistance line 1.1369 (white bold line). Today, the price may begin to move downward. Economic calendar news for the euro is expected at 09:00 UTC, and for the dollar at 12:30 UTC. Trend analysis (Fig. 1). Today, a downward pullback is possible […]

The pair traded upward on Monday and once again failed to break the resistance line 1.1369 (white bold line). Today, the price may begin to move downward. Economic calendar news for the euro is expected at 09:00 UTC, and for the dollar at 12:30 UTC. Trend analysis (Fig. 1). Today, a downward pullback is possible […]

The dollar remains under pressure against major currencies, despite increasing cases and deaths in the United States. On the one hand, the market is simply tired of this endless coronavirus drama, and on the other, it continues to realize that the US economy is slowly recovering, and the corporate reporting season for the second quarter […]

Today’s test of the Weekly Control Zone 1/2 0.6523-0.6516 gave an opportunity to enter the purchase, however, it is important to note that the probability of a sharp increase and renewal of the weekly maximum is reduced due to the formation of the “absorption” pattern of the daily level. Now, the pair is trading within […]

Today’s test of the Weekly Control Zone 1/2 0.6523-0.6516 gave an opportunity to enter the purchase, however, it is important to note that the probability of a sharp increase and renewal of the weekly maximum is reduced due to the formation of the “absorption” pattern of the daily level. Now, the pair is trading within […]

GBP/JPY fell a bit lower than we expected. The question is whether a deeper correction is needed before the next impulsive rally occurs or short-term key-support at 134.26 will be able to protect the downside for a rally above short-term key-resistance at 135.92 and higher to 139.74. A break below key-support at 134.26 will call […]

EUR/JPY is again testing short-term resistance at 121.96 which is expected to cap the upside for a break below 121.09 indicating renewed downside pressure towards 119.26 and 118.23 and maybe even closer to 117.00. A break above 121.96 will change the preferred outlook back to the former bullish count. Therefore, the pair may return to […]