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 […]

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 […]

The world’s biggest online retailer will announce its earnings for Q1 after the US market close on Thursday. Revenue is expected to slow, but profit growth is seen picking up, something that reflects the company’s recent approach of focusing on operating margins. Guidance by management for Q2 will be crucial for the stock’s reaction in […]

The British pound reacted with growth in the first half of the day against the US dollar after the publication of the report, according to which the net borrowings of the UK public sector remained at a fairly low level in the fiscal year ending in March, which coincides with the strategy of the Minister […]

The British pound reacted with growth in the first half of the day against the US dollar after the publication of the report, according to which the net borrowings of the UK public sector remained at a fairly low level in the fiscal year ending in March, which coincides with the strategy of the Minister […]

Technical picture: According to the H4 time-frame, BTC did exactly what we expected yesterday. BTC did reject from the upper diagonal of the upward channel at the price of $5.626. Our first downward target at the price of $5.365 has been met. We are expecting more downside. On the Futures market we found buying climax […]

Technical picture: According to the H4 time-frame, BTC did exactly what we expected yesterday. BTC did reject from the upper diagonal of the upward channel at the price of $5.626. Our first downward target at the price of $5.365 has been met. We are expecting more downside. On the Futures market we found buying climax […]

Overview: The USD/CHF pair continues moving in a bullish trend from the support levels of 1.0123 and 1.0177. Currently, the price is in an upward channel. This is confirmed by the RSI indicator signaling that the pair is still in a bullish trend. As the price is still above the moving average (100), immediate support […]

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 […]

USD/CAD is trading near the critical resistance at the price of 1.3466. The background suggests further upward price and potential new highs. We want to suggest play for the incoming Bank of Canada Monetary Policy Report. According to the Daily time-frame there was the upward breakout of the 2-week rectangle pattern (sideways base), which is […]

Gold has been trading sideways in past 20 hours. Gold price made new low yesterday at $1.266.50 and we still expect more downside. As long as the key short-term resistance at the price of $1.281.00 we are bearish. According to the H4 time-frame, we found more acceptance below the key support cluster (purple rectangle) at […]

To open long positions on the GBP / USD pair, you need: Pound buyers took advantage of the morning support level around 1.2909, after the update of yesterday’s low and formed divergence on the MACD indicator then returned to the market. The task for the second half of the day will be a breakthrough and […]

To open long positions on EUR / USD pair, you need: Weak reports from the IFO did not support the euro, however, the buyers did not stand aside, after it managed to form new support around 1.1195 and prevented the yesterday’s minimum update. The challenge for the North American session will be a breakthrough and […]

The big picture: We are waiting for the start of the EURUSD trend. There is quite a bit of time before the trend develops until the summer lull in the market. The EUR/USD rate has formed a close consolidation. From the point of view of the foundation, important data will be released on Thursday and […]

Bitcoin sank impulsively lower after a jump above $5,500 with strong bullish non-volatile momentum recently. BTC is trading sideways after reaching a 6-month high. The price is expected to create further upward pressure in the coming days. BTC steady rally created a Cup and Handle bullish pattern on the daily chart. Bullish momentum in the […]

Facebook stock price pulled back from the two-year low of 123.30, registered in December 2018, and is currently resting slightly above the 61.8% Fibonacci retracement level of the downleg from 218.44 to 123.30 near 182.18. The price is meeting a fresh eight-month high of 184.15 after the completion of a ‘golden cross’ between the 50- […]

The EUR/CAD pair has been trading between 1.50 and 1.51 recently. It is likely to consolidate around this area. Meanwhile, the Canadian currency supported by today’s BOC statement may regain momentum in the coming days. The loonie has been struggling to resist the single currency lately as the weak Employment reports affected the economy and […]

USD has been the dominant currency in the pair while CAD has been not quite firm recently. As a result, the price was trading at near 1.3450 resistance area from where there is a greater probability of falling deeper again in the coming days. The pullback of the US Dollar index was unexpected for USD […]

Something went wrong or rather everything went wrong. Instead of growing, the single European currency and the pound continued to lose ground with a vengeance and as always, the same characters are to blame for this. With persistence and worthy of better use, they cut the bough on which they themselves sit. The parade of […]

Wave counting analysis: On Tuesday, April 23, trading ended for EUR / USD by 30 bp lower. Wave 2 (assumed) takes a more complex form, but the current wave marking is still preserved, since there was no exit beyond the minimum of wave b. However, on the one hand, such a depth of wave 2 […]

The US reports preliminary GDP growth figures for the first quarter of 2019 on Friday at 1230 GMT, while at the same time on Monday, the March core Personal Consumption Expenditures (PCE) index, will move front and center to add further clues on whether an accommodative monetary policy is indeed necessary in the year ahead. While […]

The US reports preliminary GDP growth figures for the first quarter of 2019 on Friday at 1230 GMT, while at the same time on Monday, the March core Personal Consumption Expenditures (PCE) index, will move front and center to add further clues on whether an accommodative monetary policy is indeed necessary in the year ahead. While […]

USDTRY has advanced above the 20- and 40-day simple moving averages (SMAs) and the 23.6% Fibonacci retracement level of the sell-off from 7.1135 to 5.1330, hitting a new six-month high of 5.8753. Looking at the technical indicators, the stochastic is switching to the upside, challenging the overbought territory, while the RSI is approaching the 70 […]

USDTRY has advanced above the 20- and 40-day simple moving averages (SMAs) and the 23.6% Fibonacci retracement level of the sell-off from 7.1135 to 5.1330, hitting a new six-month high of 5.8753. Looking at the technical indicators, the stochastic is switching to the upside, challenging the overbought territory, while the RSI is approaching the 70 […]

Wave counting analysis: On April 23, the GBP / USD pair dropped another 40 basis points. and finally made a successful attempt to break through the lower generatrix of a narrowing triangle and the level of 0.0%. Thus, the conclusion suggests itself that the instrument is ready for the construction of a downward wave 3, […]