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 […]

To open long positions on GBP/USD, you need: Yesterday, sellers of the pound were happy with a double top forming in the resistance area of 1.2666, where the first sell signal for GBP/USD was also formed, which I spoke about in detail in my forecast for the second half of the day. Also, if you […]

The upward model on the pair remains a medium-term momentum, however, yesterday there was a fall, which allowed us to form a pattern of “absorption” of the daily level. The probability of forming a correction model has increased to 70%. The target of the downward movement may be the WCZ 1/2 1.2453-1.2432. The test of […]

The upward model on the pair remains a medium-term momentum, however, yesterday there was a fall, which allowed us to form a pattern of “absorption” of the daily level. The probability of forming a correction model has increased to 70%. The target of the downward movement may be the WCZ 1/2 1.2453-1.2432. The test of […]

The pair has been trading within the medium-term accumulation zone for the sixth week. This requires using weekly extremes as the main levels for searching for entry and exit points from positions. Yesterday’s test of the weekly CZ 1.1385-1.1367 enabled us to take part of the purchases. However, you need to be prepared for this […]

The downward movement from yesterday’s US session made it possible for us to approach the WCZ 1/2 0.6912-0.6903. The test of this zone will be decisive for the upward movement, since the bullish momentum is not 100% realized. The test of WCZ 1/2 should be considered when searching for a pattern to buy the instrument. […]

AUD/USD The Australian dollar fell for the third consecutive day on Monday. Even if it’s a little, but the triple divergence on the Marlin oscillator is at risk on the daily chart. The signal line of the oscillator is now in the negative zone, a further decline in the price below the level of 0.6900 […]

USD/JPY The USD/JPY pair rebounded in growth on Monday, adding 40 points. But the growth was late (the yen strengthened all week amid horizontal movement of stock indexes), or, more precisely, out of place, as the US stock market ended yesterday by falling: S&P 500 -0.94%, Nasdaq -2.13%, only the Dow Jones was in the […]

GBP/USD 1H The GBP/USD currency pair also settled below the ascending channel on the first trading day of the week, which means that the trend has changed to a downward one. In addition, the pair’s quotes are also pinned below the critical Kijun-sen line, so we can say that the sellers of the British pound […]

EUR/USD 1H Buyers again actively traded the euro/dollar pair for an increase on the hourly timeframe on July 13. Despite the fact that the quotes were pinned below the ascending channel a day earlier, thus forming a signal for the end of the upward trend. However, during the past day, the bulls rushed to attack […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 32.9645 The British pound spent the first trading day of the new week in a new round of corrective movement. Buyers did not find the strength, and in the news […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 175.7121 For the EUR/USD pair, the first trading day of the week was held in absolutely familiar trading recently. The pair was still trading in the side channel, limited by […]

On March 20, the EURUSD pair has expressed remarkable bullish recovery around the newly-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 […]

EURUSD: The euro attempts on another upward trend and the question of whether the euro will be able to break above 1.1370 and gain a foothold above is currently being solved. Last week, the euro attempted to maintain an upward trend and aimed for a higher position. This, however, was not achieved. In the morning, […]

The previous bullish breakout above 1.2265 has enhanced bullish movement up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In the period between March 27- May 12). Shortly after, transient bearish breakout below 1.2265 (Consolidation Range Lower Limit) was demonstrated in the period between […]

Germany 30 Index (Cash) seems skewed to the upside as the price has moved above the rising simple moving averages (SMAs) and the Ichimoku cloud. Although the sideways market looks to be tipping towards the upside, it is currently on weak positive momentum, something also reflected in the Ichimoku lines and the short-term oscillators. The […]

Economic data out of the United Kingdom will be flooding the markets over the next few days with Tuesday’s monthly GDP print being the main highlight. The scheduled releases on growth, production, inflation and employment should reveal how the economy fared in May and June when Britain was gradually emerging out of lockdown. But as […]

Minute operational scale (H4) The top of the summer – what’s next? Overview of the development options for the movement of AUD/USD & USD/CAD & NZD/USD (H4) on July 14, 2020. ____________________ Australian dollar vs US dollar From July 14, 2020, the development of the movement of the Australian dollar AUD/USD will be determined by […]

The price of gold rose rapidly on Monday which only strengthened its position at strategic levels above $ 1,800 per troy ounce. The coronavirus pandemic does not in any way frighten precious metals, but only makes its position more stable and firm. Meanwhile, COVID-19 continues to spread at a record pace not only throughout the […]

FXTM Senior Research Analyst, Lukman Otunuga, rounds up all the key market events for this week and pinpoints what traders might be looking out for, including: • A positive start to a busy week • #OPEC meeting, #GDP and #ECB in focus • #Gold to continue shining? For more Market Analysis read the latest @ […]

The Asia-Pacific stock markets moved on to building major indexes on Monday. The positive dynamics were due to satisfactory forecasts on the global economy’s growth and recovery. However, this growth is limited by the rapid increase in the number of COVID-19 cases around the globe, which may hinder prospects of an immediate return to pre-crisis […]

AUDUSD has been consolidating since June 16 and has been stuck in a channel tilted slightly to the upside. The neutral to bullish picture in the short term looks to last for a while longer after prices failed to break above the upper channel earlier this month. Resistance was met at around the 0.7000 psychological […]

AUDUSD has been consolidating since June 16 and has been stuck in a channel tilted slightly to the upside. The neutral to bullish picture in the short term looks to last for a while longer after prices failed to break above the upper channel earlier this month. Resistance was met at around the 0.7000 psychological […]

US 500 stock index (Cash) recently displayed a positive objective after finding a foothold on the 100-period simple moving average (SMA) and the upper surface of the Ichimoku cloud. The one-month neutral-to-bullish picture seems to have gained backing from the climbing SMAs and the recent bullish crossover by the 50-period SMA. Adding to this view […]

US 500 stock index (Cash) recently displayed a positive objective after finding a foothold on the 100-period simple moving average (SMA) and the upper surface of the Ichimoku cloud. The one-month neutral-to-bullish picture seems to have gained backing from the climbing SMAs and the recent bullish crossover by the 50-period SMA. Adding to this view […]