EUR/USD: The US employment report for the week came out. The number of initial applications declined to 1.3 million from 1.5 dollars, while the number of long-term unemployed declined to 18 million. The data is strong, and this has affected the euro. As a result, seller’s pressure has increased. A range has formed today. We […]

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 […]

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 […]

Intermediate-term Technical outlook for the GBP/USD pair remains bullish as long as bullish persistence is maintained above 1.1890-1.1900 (Double-Bottom Neckline) on the H4 Charts. Recently, Bullish breakout above 1.2265 has enhanced many bullish movements up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In […]

Intermediate-term Technical outlook for the GBP/USD pair remains bullish as long as bullish persistence is maintained above 1.1890-1.1900 (Double-Bottom Neckline) on the H4 Charts. Recently, Bullish breakout above 1.2265 has enhanced many bullish movements up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In […]

Contrary to hopes for growth, and despite the worsening epidemiological situation in the United States, the dollar index returned to the last month’s minimum. Since early July, the indicator has lost 1.4% of its value. On Thursday, it tested the lower limit of the range at 96.34. USDX The pressure on the greenback is partly […]

NZDJPY pushed back up after finding footing at the 68.15 level, that being the 61.8% Fibonacci retracement of the down leg from 73.52 to 59.45, and the 200-day simple moving average (SMA). Assisting the move is the rising 50-day SMA and its recent bullish crossover of the 100-day SMA. Additionally, the short-term oscillators paint an […]

No further changes were noted in the price of crude oil on Thursday. This is after a notable rise on Wednesday updating maximum values recorded in March this year. At the same time, both oil brands excelled in stability and growth. All this happens on the eve of the next batch of statistics on the […]

Bitcoin is challenging the resistance at $,9500 area. This is important resistance for two reasons. First is the downward sloping resistance trend line from June 2019 highs. Secondly is the upper boundary of a technical pattern. Red line – long-term resistance Black lines- bullish pennant Bitcoin has formed a bullish pennant pattern. An upward break […]

The resurgence in coronavirus cases appears to have put a pause on the relentless risk rally that has propelled global stocks to recoup almost 80% of the March crash. But as stocks drift sideways while investors re-evaluate the prospect of a V-shaped recovery, the bulls still seem to have the upper hand. A resumption of […]

The US 100 cash index recorded a new all-time high of 10,727.95 earlier today, continuing the steep increase from the 14-month trough of 6,635. The golden cross within the 50- and the 200-day simple moving averages (SMAs) remains intact and the RSI indicator is heading higher marginally above the 70 level. However, the stochastic oscillator […]

While the world is nervous about the Covid-19 second wave, the British pound has another reason to worry about its recovery: the Brexit saga. Six months after its departure from the European Union, the UK has just started to negotiate the terms of a trade deal with the bloc. And while the blame for the […]

To open long positions on GBPUSD, you need: The British pound continues to strengthen its position after yesterday’s aid plan proposed by the UK government. The bulls successfully consolidated above the resistance of 1.2625, forming a good buy signal there. If you look at the 5-minute chart, you will see that after the breakout and […]

To open long positions on EURUSD, you need: The lack of fundamental statistics in the first half of the day did not allow euro buyers to hold above the rather important level of 1.1345, which served as a support in the first half of the day. On the 5-minute chart, you can clearly see how […]

The number of new coronavirus cases in the US is growing every day and has reached the highest levels. On Wednesday, the US reported more than 60,000 new COVID-19 infections. For the second day in a row, the number of deaths has climbed by more than 900 in a day. US states such as Texas […]

Technical analysis: BTChas been trading upwards at the price of $9,390. I see further upward movement due to the breakout of the trading range in the background. Trading recommendation: Watch for potential buying opportunities on the dips. The upward targets are set at the price of $9,600 and $9,670 The material has been provided by […]

Technical analysis: BTChas been trading upwards at the price of $9,390. I see further upward movement due to the breakout of the trading range in the background. Trading recommendation: Watch for potential buying opportunities on the dips. The upward targets are set at the price of $9,600 and $9,670 The material has been provided by […]

Technical analysis: Gold has been trading upwards as I expected. The Gold reached our main objective at $1,820. Anyway, I found that there is the breakout of the rising trend line, which is sign for the potential downside movement. Trading recommendation: Watch for potential selling opportunities with the downward targets at $1,797 and $1,790 Main […]

Technical analysis: Gold has been trading upwards as I expected. The Gold reached our main objective at $1,820. Anyway, I found that there is the breakout of the rising trend line, which is sign for the potential downside movement. Trading recommendation: Watch for potential selling opportunities with the downward targets at $1,797 and $1,790 Main […]

The coronavirus pandemic brought down oil prices. In April, prices fell to $23.3 per barrel. This is the lowest level logged in 2020. However, in May, Brent crude rose to $39.9 per barrel. Nevertheless, it is too early to talk about stability in the oil market. Oil demand recovery was expected to happen faster. However, […]

WTI oil futures’ positive drive loses fuel as it creeps sideways below the 41.60 resistance. The slowing in the ascent is also reflected in the Ichimoku lines as their positive bearing begins to flatten out. The short-term oscillators are grasping onto hopes that the positive picture may resume shortly. The MACD, in the positive region, […]

Technical analysis: EUR/USD has been trading downwards. The price tested the level of 1,3160. I see potential for the further drop due to the fake breakout of the resistance at 1,1346. Trading recommendation: Watch for potential selling opportunities due to the fake breakoujt of the resistance at 1,1346 and rejection of the Fibonacci expansion 100%. […]

The US currency declined against most of its major competitors on Thursday, as investors turned to more risky assets such as global stocks and raw materials. According to experts, continuous concerns about the spread of COVID-19 in the world may keep some currency pairs in a narrow range, but dollar’s losses are gradually increasing, as […]

The EUR / USD pair is once again on a wave of speculative operations, due to which the quote did not only return to the level of 1.1350, but also overcame it locally. This current breakout from the level of 1.1350 is the first movement since the formation of the flat 1.1180 // 1.1250 / […]

GBP/USD is trading slightly higher and probably it will reach fresh highs in the upcoming days. The dollar is losing ground as the USDX has plunged in the short term. The pair is trading at 1.2660 level, far above 1.2622 yesterday’s high. The pair as registered an aggressive breakout above the near-term resistance levels, that’s […]