The USD/JPY chart has a weak bearish momentum with low confidence, and there’s a potential scenario of a bearish move towards the 1st support at 144.94, which aligns with an overlap support. On the resistance side, the 1st resistance at 150.13 is a multi-swing high resistance, and beyond that, the 2nd resistance at 152.72 is […]
The EUR/USD chart has a bearish momentum, and there’s a potential scenario of a bearish reaction at the 1st resistance, targeting the 1st support. The 1st support at 1.0363 aligns with an overlap support and the 78.60% Fibonacci Retracement level. Additionally, traders may look for confirmation at the 1.0488 swing low support. On the resistance […]
EUR/USD Last Friday, the euro edged up, but this morning, the black candle almost blocked this growth. The Marlin oscillator intends to move downwards. There is a risk of moving away from the important resistance level at 1.0613 and falling below 1.0552. If this happens, the price may try to reach the target support level […]
GBP/USD Last Friday, the British pound tried to break through the resistance of the embedded price channel line but failed. The Marlin oscillator continues to move sideways along the zero line. If today’s closing price is not above Friday’s high (1.2169), a bearish wave will develop with 1.1880 as the target, while the support level […]
USD/JPY Today marks the fourth day of consolidation for the USD/JPY pair ahead of the resistance level at 150.00. The Marlin oscillator’s signal line broke above its own channel but is not trying to move significantly away from the zero line. However, the initial signs of an upcoming upward breakthrough are already clear. This breakout […]
Analyzing Friday’s trades: GBP/USD on 30M chart GBP/USD came under renewed bearish pressure on Friday. The price declined to the 1.2107 area, from which it rebounded for the second time, though it was not done precisely. Nevertheless, the British pound remains near a level that is as close as possible to its recent local low, […]
Analyzing Friday’s trades: EUR/USD on 30M chart EUR/USD gradually corrected higher on Friday. The main thing is that the corrective phase remains intact. We have repeatedly mentioned that we don’t expect a pronounced correction but we anticipate a second corrective phase, which is what we are seeing at the moment. Trading the current upward movement […]
I previously discussed the situation regarding inflation and interest rates and concluded that it is necessary for another Federal Reserve rate hike. However, economists at Radobank believe that an additional rate hike is no longer required because the bond market will handle the Fed’s job. To briefly recap, the yield on 10-year government bonds has […]
The EUR/USD pair concluded the trading week at 1.0594, right at the threshold of the 1.06 level. EUR/USD buyers managed to reclaim nearly all the ground lost during the prior week, but they still remain within the 1.05 – 1.06 range. Traders have been going in circles since the beginning of October, and the pair […]
In recent weeks, the Federal Reserve has transformed from one of the most pragmatic central banks into one of the most unpredictable. It all started when several FOMC members stated that additional interest rate hikes were no longer needed. Why these statements were made, when inflation was rising in July and August and reached 3.7% […]
The GBP/USD pair faced a strong resistance near 1.3200 and started a fresh downtrend. It broke the 1.2800 support level on a H4 candlestick and extended its decline towards 1.2500, where it met a crucial Fibonacci retracement level. This could be a good opportunity for intraday traders to go long, with a stop loss just […]
The EURUSD pair broke above the key level of 1.0550-1.0600 and continued its bullish trend towards 1.1000 and 1.1200. The bulls reached the resistance zone around 1.1200 but failed to sustain the momentum. Meanwhile, the bears pulled back the price towards 1.0950 where the pair met the short-term uptrend line. The price reversed from this […]
During August, the EUR/USD pair has been trading in a narrow range between 1.0950 and 1.1050, waiting for a clear direction from the market sentiment and the economic data. Shortly after, the pair failed to maintain upside movement above the depicted uptrend. Instead, it was broken-down terminating the sideway movement. Shortly after, an upside pullback […]
Red lines- bearish trend line Blue lines- Fibonacci retracement levels green line- RSI support trend line AAPL stock price closed at its weekly low this past week. Price got rejected at the red resistance trend line at $182 resistance area and is now moving lower as expected by our previous analysis. Thus far price has […]
Red lines- bullish channel Blue lines- Fibonacci retracement New weekly low on a closing basis for Nasdaq since June 2023. Price recently broke out of the bullish channel it was in and for the last three weeks is was consolidating around 15,000 and 14,700. The weekly close found Nasdaq at new lows below the 23.6% […]
In a previous analysis we used the Ichimoku cloud indicator in the Daily chart to analyse its current market profile. As we mentioned in our analysis, trend was bearish because price was below the Kumo (cloud) and the index was vulnerable to a move lower. The week ended with SPX making new lows as expected. […]
During August, the EUR/USD pair has been trading in a narrow range between 1.0950 and 1.1050, waiting for a clear direction from the market sentiment and the economic data. Shortly after, the pair failed to maintain upside movement above the depicted uptrend. Instead, it was broken-down terminating the sideway movement. Shortly after, an upside pullback […]
The EURUSD pair broke above the key level of 1.0550-1.0600 and continued its bullish trend towards 1.1000 and 1.1200. The bulls reached the resistance zone around 1.1200 but failed to sustain the momentum. Meanwhile, the bears pulled back the price towards 1.0950 where the pair met the short-term uptrend line. The price reversed from this […]
The GBP/USD pair faced a strong resistance near 1.3200 and started a fresh downtrend. It broke the 1.2800 support level on a H4 candlestick and extended its decline towards 1.2500, where it met a crucial Fibonacci retracement level. This could be a good opportunity for intraday traders to go long, with a stop loss just […]
On Friday, the leading stock market indicators in Western Europe declined. Throughout the trading day, traders are closely monitoring the conflict in the Middle East and are keenly avoiding risks. Additionally, investors from around the world are discussing the remarks made by the head of the US Federal Reserve and are awaiting signals of the […]
XRP/USD is trading in the green at 0.5308 at the time of writing and is fighting hard to resume its growth. It has increased by 4.19% from today’s low of 0.5086 to 0.5300 today’s high. In the short term, the bias is bullish. Still, an upside continuation needs confirmation. In the last 24 hours, the […]
NZD/USD Under Selling Pressure! The currency pair is located at 0.5828 at the time of writing. As long as it stays below the downtrend line, the price could extend its drop anytime. It’s trapped between 0.5859 former high (upside obstacle) and the former low of 0.5818 (downside obstacle). From the technical point of view, its […]
The EUR/USD pair seems undecided in the short term. It’s located at 1.0588 at the time of writing. The price action signaled exhausted sellers and announced a potential reversal. Still, a larger growth is far from being confirmed. The greenback depreciated also after Fed Chair Powell’s speech yesterday. Also, the US reported mixed figures in […]
The USD/CHF pair is moving sideways in the short term, trying to accumulate more bearish energy before extending its sell-off. The bias remains bearish, so more declines are natural. Unfortunately, the Dollar Index is trading in the red in the short term. A deeper drop should weaken the USD. The greenback is bearish after Canadian […]
Early in the American session, the Euro (EUR/USD) is trading around 1.0595 above the 21 SMA, below the 200 EMA, and below 3/8 Murray. In recent days, the euro has been consolidating above 1.05 with an oscillating movement lacking strength to define its trajectory. If the euro reaches 1.0623 (200 EMA) in the next few […]
Blue lines- Fibonacci retracement levels Red lines- trading range broken Eustoxx50 made a low today at 4,031, just a few points away from our medium-term target of 4,020. Since the break down below the trading range we called for a move towards the 38% Fibonacci retracement level. Even after the bounce back up towards $4,200, […]
Red lines- bearish channel Blue rectangle- support Black trend line- support trend line Green lines- Fibonacci extension targets EURUSD is trading around 1.0586. Short-term trend is neutral as price is mostly moving sideways. However price has managed to move above the bearish channel it was in while at the same time forming higher lows respecting […]
Red lines- bearish channel Black lines- expected price path Gold price is trading around $1,982 continuing its impressive bull run for a second week as price has managed to gain more than $150 in two weeks. As we mentioned in our previous post Gold price has also broken above the red downward sloping channel it […]
Red line- major resistance trend line Black line- support trend line Blue lines- trading range XRPUSD is trading around $0.5180 near the end of the week showing some signs of strength. Over the past 9 weeks XRPUSD has been trading inside the blue trading range as it can be seen in the weekly chart. Price […]
Federal Reserve Chairman Jerome Powell’s speech on Thursday was interpreted by investors as cautious, leaning toward maintaining the monetary policy unchanged. Although Powell did not rule out the possibility of further interest rate hikes, he did emphasize that this is only in the presence of clear evidence of increasing inflationary pressures. The dollar maintains an […]
