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On January 10th, the market initiated the depicted bearish channel around 1.1570. Since then, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. On March 7th, recent bearish movement was demonstrated towards 1.1175 (channel’s lower limit) where significant bullish recovery was demonstrated. On March 18, a significant bullish attempt was […]

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On January 2nd, the market initiated the depicted uptrend line around 1.2380. 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 on March 11. 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. 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 on March 11. Shortly after, the GBPUSD pair demonstrated weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD […]

BTC price has been trading upwards in past few hours and the level of $5.462 got tested. There is potential for more upside on the near term. Red line – major resistance trend line * broken Green rectangle – strong support based on price action Blue horizontal line – Major short-term resistance BTC price broke […]

BTC price has been trading upwards in past few hours and the level of $5.462 got tested. There is potential for more upside on the near term. Red line – major resistance trend line * broken Green rectangle – strong support based on price action Blue horizontal line – Major short-term resistance BTC price broke […]

The US dollar once again rose against the European currency and the British pound after the report on the demand for durable goods in the United States. Just excellent performance over the past seven months, which exceeded all expectations of economists, only increased the demand for the US dollar. The report indicates that the growth […]

The US dollar once again rose against the European currency and the British pound after the report on the demand for durable goods in the United States. Just excellent performance over the past seven months, which exceeded all expectations of economists, only increased the demand for the US dollar. The report indicates that the growth […]

To open long positions on EURUSD, you need: Euro buyers are expected to return to the market after updating the support level of 1.122, which I paid attention to in my morning forecast. At the moment, the main task of the bulls will be to break and consolidate above the resistance of 1.1150, which was […]

To open long positions on EURUSD, you need: Euro buyers are expected to return to the market after updating the support level of 1.122, which I paid attention to in my morning forecast. At the moment, the main task of the bulls will be to break and consolidate above the resistance of 1.1150, which was […]

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EUR/USD price continues to trade lower at the price of 1.1124. New downside momentum is present. Selling still favorable. Yellow line – major resistance trend line (supply trendline) White lines- broken bearish flag pattern in background Purple line – Fibonacci expansion 100% EUR/USD price broke below the important 1.1183 support area and on that way […]

Gold price continues to trade sideways at the price of $1.275.00. Potential bearish flag in creation suggests further downward continuation. Purple rectangle – major resistance trend line Yellow lines – bearish flag channel White large lines – major down trending channel Gold price broke below the important $1,280.00 support area and on that way completed […]

After a lacklustre couple of weeks for foreign exchange markets, trading volumes are expected to return to somewhat more normal levels over the next seven days with plenty of risk events on the horizon. But with many European markets shut on Wednesday for Labour Day and Japan closed for the entire week, liquidity might still […]

Despite the fact that previously many experts predicted a weakening of the greenback, the dollar has strengthened against its main competitors by almost 2% since the beginning of this year. On the eve of the USD index, it rose above the level of 98 points, reaching peak values from May 2017. “The US has the […]

Despite the fact that previously many experts predicted a weakening of the greenback, the dollar has strengthened against its main competitors by almost 2% since the beginning of this year. On the eve of the USD index, it rose above the level of 98 points, reaching peak values from May 2017. “The US has the […]

After yesterday’s breakthrough of strong support today, we can expect a counter pullback of the price on the chart. Most likely part of the resistance zone will be completed. EUR / USD pair On the daily scale of the euro since September last year, a corrective bullish wave is being formed. Until recently, it developed […]

After yesterday’s breakthrough of strong support today, we can expect a counter pullback of the price on the chart. Most likely part of the resistance zone will be completed. EUR / USD pair On the daily scale of the euro since September last year, a corrective bullish wave is being formed. Until recently, it developed […]

According to experts, the short-term price dynamics for the yellow metal depends on a number of fundamental factors. In the future, conjuncture on inflation, interest rates, and the US dollar will affect the value of gold. They will be decisive for the precious metals market, analysts say. Long-term investors do not always pay attention to […]

Bitcoin has made a correctional decline to near $5,250 after the price had been rejected off $5 500 recently with a daily close. The price has been quite impulsive and still non-volatile with the upward pressure which could resume bullish momentum in the short term. The price is currently expected to retrace towards $5,250 where […]

EUR/USD has been quite non-volatile and impulsive amid the recent bearish pressure which pushed the pair below 1.1200. Now the pair is heading towards 1.10 support area. Yesterday, an IFO survey revealed a surprise deterioration in business sentiment in Germany and the eurozone. meanwhile, USD is taking advantage of EUR weakness. The ECB mentioned in […]

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The Japanese yen gained against the USD after the bank of Japan (BOJ) delivered its fourth interest rates decision of the year. As expected, the bank left interest rates unchanged at the current level of minus 0.1%. The committee also committed itself to stimulus into 2020 to address the ongoing slow growth and inflation. On […]

The US dollar rose to the highest level since May 2017. As of this writing, the US dollar index was trading at almost 98. In recent weeks, the index has been making higher highs, despite the fact that the Federal Reserve has taken a more dovish stance. Here are the reasons why the index has […]