Billionaire and founder of Heisenberg Capital Max Keiser said that the price of bitcoin could rise to $100,000. He is confident that this cryptocurrency will excel other projects, even the XRP token. Due to this, the problem with all altcoins will be solved, as some of them receive state support. Yet, bitcoin will be irreplaceable. […]

To open long positions on GBPUSD, you need: In the first half of the day, I paid attention to the support level of 1.2572 and recommended that it open long positions when forming a false breakout there, which happened. If you look at the 5-minute chart, you will see how the bulls did not let […]

To open long positions on EURUSD, you need: From a technical point of view, there were no changes, except for the sell signal, which was formed in the first half of the day and did not bring a profit. If you look at the 5-minute chart, you can see how the bears hold the level […]

Gold prices keep rising, powered by a trifecta of uncertainty among investors, runaway government spending, and rock bottom interest rates for years to come. Even though the metal has already come a long way, there’s not much to stop it from grinding even higher to new record highs. Any more stimulus from the Fed for […]

There will be no shortage of big headline events over the next few days as major data releases, central bank meetings and an EU gathering should make for a busy week. However, the primary focus will be on the recovery story amid further spikes in coronavirus cases in several countries, including the United States. Retail […]

US politicians are concerned about China’s growing role in the world, and especially in the US economy. There is a trade imbalance between the countries. The US president is introducing tariffs on goods from China. This is the main reason for the souring of relations between two countries. Experts believe that the countries are on […]

Technical analysis: BTC has been trading downwards and it confirmed the fake breakout for the supply trend line, which is indication for the further downside movement. I see further drop on BTC towards the $8,000 level. Trading recommendation: Based on the 4H time-frame price action chart, I found that there is fake breakout of the […]

Technical analysis: Gold has been ttrading downwards as I expected.The Gold reached and rejected of our first downward target at $1,797 but it is now in overbought zone with potential for further drop. Trading recommendation: Based on the 1H time-frame price action chart, I found that there is test and reject of the resistance at […]

Technical analysis: EUR/USD has been trading downwards as I expected. I still see further downside due to breakout of the rising trend line. Trading recommendation: Based on the 4H time-frame price action chart, we found that there is the breakout of the rising trendline and the fake breakout of the resistance yesterday at 1.1345, which […]

NZDUSD appears to be strengthening after finding a footing on the 40-period simple moving average (SMA), which may enhance the very short-term neutral-to-bullish picture. Although the positive momentum in the MACD and the Ichimoku lines has stalled, the rising SMAs, RSI and stochastic oscillator endorse further gains. The RSI is improving after bouncing on the […]

Risk Warning: 75.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

The US 30 cash index has been on the sidelines over the last month as the 26,410 resistance level seems to be a real struggle for the bulls. Technically, the price could lose some ground in the short-term as the MACD is changing direction to the downside below the zero line, while the RSI is holding beneath […]

Risk Warning: 75.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

The good news from the Eurogroup, which was the election of a new president, was overpowered by the weak data on the US market, because it listed that the number of applications for unemployment benefits again jumped by more than a million. This means that recovery prospects for the US have dimmed, and this is […]

GBP/USD – 1H. Hello, traders! On the hourly chart, the quotes of the pound/dollar pair performed a reversal in favor of the US dollar also after statements by US Treasury Secretary Steven Mnuchin about the upcoming new package of support for the country’s economy. At the moment, the pair has fallen to the lower line […]

Good afternoon traders! A trading idea for the NZD / USD pair. Yesterday, a false breakout from last month’s high occurred, which closed the quotes below the level of 0.65800. Trade short positions to lower the pair even more in the trading chart. The goal is to update the monthly high for June, which is […]

Good day, dear traders! Yesterday’s trading ended for the bulls on the pound with a loss of initiative, and in fact, a fiasco. Another surge in the second wave of COVID-19, the US Supreme court’s review of US President Donald Trump’s financial transactions, discouraged risk appetite and caused demand for a protective asset, which is […]

Clouds continue to gather over the US currency. The problems of the global financial market took it into circulation, and now it is very difficult to win everything back. Experts believe that the mechanism of total weakening of the dollar has already been launched, and the loss of its dominance is a matter of time. […]

Risk Warning: 75.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Stocks lose altitude, dollar regains ground on US virus spike, Biden remarks But Nasdaq defies gravity, hits new records on relentless ‘defensive tech’ demand In the bigger picture, most charts have gone nowhere for a month now Flood of distressing news overpowers stimulus hopes Risk aversion made a comeback on Thursday as a flurry of […]

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The upward activity outside the level of 1.2620 ended as quickly as it arose on the market. The quote failed to maintain the previously set inertial course, which resulted in a slowdown and, as a fact, fixing previously opened long positions, which led to a surge in speculation in the opposite direction, fixing the quote […]

Crude oil fell after a key Libyan oil field resumed production. It threatens to release barrels of oil into the market where demand is already low. Thus, due to this, oil futures in the US fell 3%. The Mesla and Sarir oil fields in eastern Libya resumed production after halting due to a technical problem. […]

Forecast for July 10 : Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1371, 1.1317, 1.1292, 1.1257, 1.1224, 1.1182 and 1.1154. Here, the price forms the potential for the downward movement of July 9th. The continuation of the downward […]

GBPUSD has been in an ascending move after the rebound on the 1.2250 trough, touching a new three-month high of 1.2670. The price is currently testing the 20-day simple moving average (SMA), while the RSI indicator is pointing slightly down near the 50 level. Also, the MACD is losing momentum beneath its trigger line but […]