EURJPY powered back from its December low, crossing above the 50- and 200-period simple moving average (SMA). Moreover, the 50-period SMA has crossed above the 200-period SMA, reviving hopes of a sustained bullish outlook. However, the pair is currently trading near its upper Bollinger Band, indicating that an immediate downward movement should not be ruled […]

AUDUSD buyers are in the process of trying to extend the ascent from the 13-month low of 0.6992 beyond the falling 50- and 100-day simple moving averages (SMAs). Nevertheless, the bearish SMAs are demonstrating that the directional trend remains skewed to the downside. The Ichimoku lines are indicating that positive forces are making efforts to […]

AUDJPY’s fresh minor pullback from 83.42 has found some footing off the blue Kijun-sen line at 82.78 keeping the latest outlook bullish as the pair continues to plot higher highs and lows. The rising 50- and 100-period simple moving averages (SMAs) are backing the one-month uptrend from 78.76. Furthermore, the 100-period SMA at 81.63 looks […]

Omicron not yet a problem for the US economy; dollar firms Omicron fears are easing on growing evidence that the fast-spreading variant leads to milder symptoms. This has prompted optimism about the US growth outlook as the strain has not yet weighed on economic data, despite the surging daily cases of the past week. The […]

USDJPY is looking strongly bullish in the short-term after surging above its short simple moving averages (SMAs), which are ready to create a bullish cross. Prices hit a one-month high of 105.03 and the technical indicators are all pointing to further positive momentum in the near term. The MACD oscillator is holding above its trigger […]

The GBPUSD pair has been moving sideways with some bearish tendency while bearish breakout below 1.3600 was needed to enhance further bearish decline. Bearish breakout below 1.3700 enabled quick bearish decline to occur towards 1.3400 which corresponded to 123% Fibonacci Level of the most recent bearish movement. This was a good entry level for a […]

As the year draws to a close and investors close their books, liquidity could be in short supply next week. That could cause sharp price spikes without any news behind them or amplify the impact of any news. The economic calendar is pretty light, so the spotlight will remain on Omicron developments and President Biden’s […]

After a super exciting week, things will wind down significantly in the run up to the Christmas weekend, with the biggest risk for traders likely being suffering from post-central bank blues. Out of all the meetings, the Fed’s announcement undoubtedly had the largest bearing on the markets, whipsawing the dollar. But the bumpy times may […]

Riskier assets have been under pressure ever since Omicron entered the equation, fearful that central banks cannot ride to the rescue this time because inflation is so hot already. This puts even more emphasis on the next edition of US inflation, which could accelerate towards 7% in yearly terms. The Bank of Canada and Reserve […]

It will be hard for the US dollar to escape the spotlight in the coming week as the November jobs report will likely further fuel expectations of faster Fed tapering, extending the rally. The last month of the year is expected to get off to a busy start with a slew of data on the […]

The euro has been demolished by fears that partial lockdowns will hit economic growth. This has turbocharged the dollar as traders look for shelter, and the upcoming business surveys will be crucial for whether this rotation continues. Meanwhile, markets are split on whether the Reserve Bank of New Zealand will deliver a single or double […]

Technical analysis: Gold has been trading upwards due to oversold condition on Friday but I still see potential for the downside continuation. Trading recommendation: Watch for potential selling opportunities with the the main downside target at the price of $1.682. Sellers are in control and I see potential running flat type of correction in the […]

The high-profile Fed meeting, which led to a sharp rise in the dollar, indirectly led to the fall of bitcoin. Research has shown that investors moved a record amount of cash overnight to the Federal Reserve after the central bank began paying interest on these investments. The central bank received $756 billion in its buyback […]

Kore Mining moves really forward with their two top gold projects that already have very good pre-economic studies. Take over fantasy is imminent. This looks good! Kore Mining has two open-pit projects with low production costs and capital requirements. The proximity to Equinox creates a takeover fantasy, Jochen Staiger, CEO & Founder, Swiss Resource Capital […]

BITCOIN May was dominated by the bears, who took a break in the last week of the month. As a result, bitcoin continues to remain in the zone of attraction formed by the accumulation of levels in the region of 37,297 – 35,594 – 34,354 (monthly Tenkan + monthly Kijun + the final line of […]

Gold price made a new higher high today above $1,912. Price reached $1,916. Trend remains bullish as price continues making higher highs and higher lows. However my belief that a reversal is coming has been strengthened by the third bearish RSI divergence in the 4 hour chart. Blue lines- bullish channel Black line- bearish divergence […]

Gold rallies after failing to retest the $1,900 psychological level as the DXY (US Dollar Index) remains in the bearish territory. The yellow metal is trading at the 1,914.39 level at the time of writing and it seems strong enough to approach and reach new obstacles, targets. The US is to release the ISM Manufacturing […]

In the early American session, XAU / USD (Gold) is trading below +1/8 of murray and above the 200 EMA in 1-hour charts. The bias is bullish, but showing signs of exhaustion. It is very likely there will be a correction in the next few hours. Most of the crosses of the currency market as […]

There has been growing talk in the cryptocurrency community recently about the capitalization of ether and bitcoin. Many altcoin supporters say that it will surpass the world’s first cryptocurrency, and there are a number of reasons for this, which we will discuss in this article. Indeed, demand for ether is gradually increasing, while confidence in […]

Technical analysis: Gold has been trading sideways at the price of $1.905 but I see potential for the further downside movement. Trading recommendation: Watch for potential selling opportunistic due to overbought condition and not enough power from buyers. Downside targets are set at the price of $1.888 and $1.853. Stochastic is showing overbought condition and […]

One of the main questions that arise when tracking the trends for this week is whether the speculative approach to the balance of demand for risk has changed. The answer is the same as before – no, it hasn’t changed. Major players are still selling the US dollar, which is confirmed by the next CFTC […]

Let’s take a look at the technical picture of AUD/USD, NZD/USD, Gold and Crude Oil at the daily time frame chart. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Week Ahead – NFP report to kick off New Year, inject… January 2, 2022 Markets have been dead quiet during the holiday period […]

In the American pre-market on Friday, gold (XAU / USD) is trading below the SMA of 21 in 4-hour charts, with a slight bearish bias, and an immediate support in the zone of Murray 8/8 around 1,875. Gold has remained below the psychological level of $ 1,900, and little by little it was forming a […]

Gold price is trading around $1,890, but price earlier was challenging $1,880. Trend remains bullish, however as we mentioned in our previous posts, Gold price is showing bullish trend is weakening and a pull back towards $1,850 is not out of the question. On the contrary it is highly probable. Blue lines- bullish channel Red […]

Litecoin market capitalization moved downwards by 0.75% Bulls aiming for 14-days 20% raw stochastic at $177 Litecoin’s market capitalization moved downwards by 0.75% after shedding 10.22% from its price between yesterday and Friday. The last few days have seen the bitcoin silver shift from a market cap of $25.6 B to $11.59 B. LTC has […]