EURUSD as expected from last week, we were warned by the short-term reversal signs, is approaching our short-term target of 1.12. Medium-term trend remains bearish as long as price is below 1.1350. Blue line – major resistance trend line Red rectangle – short-term support EURUSD is moving higher making higher highs and higher lows. Price […]

Gold price got rejected after the bounce at the $1,288 area. Gold price bounced towards resistance of $1,280-90 from $1,266 as a back test as expected. Medium-term trend remains bearish. Red line – major resistance trend line Blue lines -bullish divergence Green rectangle – resistance (previous support) Gold price is making higher highs and higher […]

On January 2nd, the market initiated the depicted uptrend line around 1.2380. On March 11, a weekly bearish gap pushed the pair below the uptrend line (almost reaching 1.2960) before the bullish breakout above short-term bearish channel was achieved. Shortly after, the GBPUSD pair demonstrated weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD […]

On January 2nd, the market initiated the depicted uptrend line around 1.2380. On March 11, a weekly bearish gap pushed the pair below the uptrend line (almost reaching 1.2960) before the bullish breakout above short-term bearish channel was achieved. Shortly after, the GBPUSD pair demonstrated weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD […]

Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15. Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) then 1.1235 (78.6% Fibonacci). For Intraday traders, the price zone around 1.1235 (78.6% […]

Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15. Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) then 1.1235 (78.6% Fibonacci). For Intraday traders, the price zone around 1.1235 (78.6% […]

EURUSD is trading sideways in past 24h at the price of 1.1151. The strong impulsive upward movement in the background is present and you should still watch for buying opportunities. Orange rectangle – Short-term resistance, which became key support Yellow large diagonal – Resistance based on price action EURUSD is in creation of the potential […]

EURUSD is trading sideways in past 24h at the price of 1.1151. The strong impulsive upward movement in the background is present and you should still watch for buying opportunities. Orange rectangle – Short-term resistance, which became key support Yellow large diagonal – Resistance based on price action EURUSD is in creation of the potential […]

Gold traded lower in past 24h period but it is on critical support at $1.279.00 and selling at the support looks very risky. We are expecting further upside and potential test of the upward references. Yellow rectangle – Short-term resistance, which became key support Green rectangle – Resistance based on price action Green rectangle – […]

Gold traded lower in past 24h period but it is on critical support at $1.279.00 and selling at the support looks very risky. We are expecting further upside and potential test of the upward references. Yellow rectangle – Short-term resistance, which became key support Green rectangle – Resistance based on price action Green rectangle – […]

BTC price did break the bearish flag pattern in the background, which is sign for further downward movement. The resistance at $5.441 didn’t hold like support, which is another sign that buyers lack power for any larger break. Yellow upward channel – Bearish flag pattern Lower big diagonal – major short-term support We found big […]

Buyers of the European currency failed to cling to a large resistance level around 1.1180 and did not update it, and weak data released in the first half of the day on consumer confidence in the eurozone and lower lending, discouraged any interest from large players in the short-term purchase of risky assets. According to […]

To open long positions on GBP / USD you need: Pound buyers could not build a new wave of growth in the first half of the day, but the probability of continuing upward correction remains quite high. The formation of a false breakdown at 1.2915, to which bears are now very close, will be a […]

To open long positions on EURUSD you need: The situation has not changed in comparison with the morning forecast. After an unsuccessful Friday attempt to continue strengthening the US dollar, amid a good report on US GDP, euro buyers returned to the level of 1.1144, and as long as trade is conducted above this range, […]

This past week, there was a sharp drop in bitcoin price below the $5,200 support. The BTC/USD pair even spiked below the $5,000 support level and formed a swing low above $4,900. Later, the price started a slow and steady recovery above the $5,000 and $5,050 resistance levels. The bulls even pushed the price above […]

A rich economic calendar across the States, the final round of US-Chinese trade negotiations, and concerns about a repetition of the January flash crash riveted investors ‘attention on the Japanese yen. From the minimum in 2019 levels, the USD / JPY quotes soared almost 7% amid growing global risk appetite and falling Forex volatility to […]

4 hour timeframe Technical details: Senior linear regression channel: direction – down. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -38.4089 On Monday, April 29, the EUR / USD currency pair began to be adjusted, as evidenced by the purple bars of the Heiken Ashi indicator. In principle, […]

Overview: The GBP/USD pair continues to move upwards from the level of 1.3087. Last week, the pair rose from the level of 1.3087 to a top around 1.3201 but it rebounded to set around the spot of 1.3140. Today, the first resistance level is seen at 1.3206 followed by 1.3268 , while daily support 1 […]

Overview: The GBP/USD pair continues to move upwards from the level of 1.3087. Last week, the pair rose from the level of 1.3087 to a top around 1.3201 but it rebounded to set around the spot of 1.3140. Today, the first resistance level is seen at 1.3206 followed by 1.3268 , while daily support 1 […]

According to Reuters, the tightening of US sanctions against the oil sector in Iran and Venezuela is one of the key factors holding back global oil supplies and increasing its value. Recall that in November 2018, after leaving the international nuclear deal with Iran, Washington imposed restrictions affecting the oil industry of the Islamic Republic. […]

According to Reuters, the tightening of US sanctions against the oil sector in Iran and Venezuela is one of the key factors holding back global oil supplies and increasing its value. Recall that in November 2018, after leaving the international nuclear deal with Iran, Washington imposed restrictions affecting the oil industry of the Islamic Republic. […]

Overview: The NZD/USD pair is showing signs of weakness following a breakout of the lowest level of 0.6648. On the H1 chart. the level of 0.6648 coincides with 23.6% of Fibonacci, which is expected to act as minor support today. Since the trend is below the 23.6% Fibonacci level, the market is still in a […]

Overview: The NZD/USD pair is showing signs of weakness following a breakout of the lowest level of 0.6648. On the H1 chart. the level of 0.6648 coincides with 23.6% of Fibonacci, which is expected to act as minor support today. Since the trend is below the 23.6% Fibonacci level, the market is still in a […]

Overview: The EUR/USD pair continues to move downwards from the level of 1.1192. Last week, the pair dropped from the level of 1.1192 to the bottom around 1.1111. Today, the first resistance level is seen at 1.1192 followed by 1.1216, while daily support 1 is seen at 1.1111. According to the previous events, the EUR/USD […]

Wave counting analysis: On April 26, the GBP / USD pair gained about 15 basic points, which is too little to clarify the current wave pattern. The pair left the tapering triangle, indicating the intention to continue falling. It should be noted that wave counting is not completely unambiguous. Wave 3 can take a very […]