Crypto Industry News: Prince Philip of Serbia is trying to pave the way for the widespread adoption of bitcoin in his country. So will the first European country follow the path previously set by El Salvador? Prince Philip is an advocate of the widespread use of bitcoin. His influence in the country allows him to […]
Technical Market Outlook: The GBP/USD pair has made a new swing low at the level of 1.2230, the lowest level since May 2023. The down trend continues lower despite the extremely oversold market conditions on the Daily tome frame chart. The bears are still in charge of the market, which trades below the short-term trend […]
Technical Market Outlook: The EUR/USD pair has made a new swing low at the level of 1.0616, but the bulls are trying to bounce above the intraday technical resistance seen at the level of 1.0672. At the beginning of the new trading week the market is locked inside the narrow trading range located between the […]
Trend analysis This week, GBP/USD may begin to move upwards from the level of 1.2239 (closing of the last weekly candle) to the 14.6% retracement level of 1.2361 (red dashed line). Upon reaching this price, the pair will go to the 23.6% retracement level of 1.2444 (red dashed line). Fig. 1 (weekly chart) Comprehensive analysis: […]
Trend analysis EUR/USD may move upward this week, starting from the level of 1.0644 (closing of the last weekly candle) to the 14.6% retracement level of 1.0711 (red dashed line). After reaching this price, the pair will climb towards the 23.6% retracement level of 1.0771 (red dashed line). Fig. 1 (weekly chart) Comprehensive analysis: Indicator […]
Trend analysis (Fig. 1). The EUR/USD currency pair may move downward from the level of 1.0644 (closing of Friday’s daily candle) with a target of 1.0635, the lower fractal (red dotted line). In the case of testing this level, an upward movement is possible with a target of 1.0690, the 13-period EMA (blue thin line). […]
Technical outlook: EUR/USD dropped through the 1.0610 low last week before finding support. The single currency pair is seen to be trading close to 1.0950 at this point in writing as the bulls prepare to push higher soon. A break above 1.0800 will confirm that a meaningful low is in place around 1.0510 and that […]
Analysis of transactions and tips for trading USD/JPY The test of 148.29, coinciding with the rise of the MACD line from zero, prompted a buy signal in the pair. However, no sharp price increase occurred, and then the pair returned to the range of the sideways channel. The decision of the Bank of Japan to […]
Analysis of transactions and tips for trading GBP/USD The test of 1.2254 on Friday afternoon, coinciding with the rise of the MACD line from zero, prompted a buy signal that led to a price increase of nearly 25 pips. Initially, weak PMI data in the UK led to a decline in pound, but similar statistics […]
Analysis of transactions and tips for trading EUR/USD The test of 1.0653 on Friday afternoon, coinciding with the rise of the MACD line from zero, prompted a buy signal that led to a price increase of around 15 pips. However, pressure returned shortly after, as activity data in the eurozone came out weaker than expected. […]
Analyzing Friday’s trades: GBP/USD on 30M chart GBPUSD continued a bearish trend on Friday. While the euro occasionally attempts to correct higher or at least trades flat, the British pound has been falling almost every day. How can we explain this behavior? There’s no need for an explanation! The fact is the pound has been […]
Analyzing Friday’s trades: EUR/USD on 30M chart EUR/USD traded flat on Friday. While there might not have been many explicitly flat days recently, there have been plenty of days with very low volatility. Friday was no exception, as the price moved within a range of just over 50 pips from the day’s low to high, […]
Even though on the daily chart the Silver commodity asset appears to be moving in a Sideways / Ranging condition, it seems that Sellers are still in control of this market, which can be seen from the CCI indicator which has managed to break below three important levels and is still oscillating in the range […]
From the daily chart of the GBP/AUD cross currency pair, it can be seen that the CCI indicator has broken below its three main important levels and the price movement is below the WMA (20) which also has a downward slope and is supported by the appearance of the Bearish 123 pattern which is followed […]
The GBP/USD chart shows a bearish trend, with focus on the 1st support at 1.2089, significant due to the convergence of the 127.20% Fibonacci Extension and the 78.60% Fibonacci Retracement. The 2nd support is at 1.1845, a historical swing low. On the resistance side, the 1st resistance is at 1.2311, a pullback resistance aligned with […]
The EUR/USD chart shows a bullish trend with a possible short-term drop to the 1st support at 1.0512, a multi-swing low, before rising to the 1st resistance at 1.0765, an overlap resistance. An intermediate support exists at 1.0640, characterized by a 38.20% Fibonacci Retracement, serving as an additional potential support zone. The material has been […]
The XAU/USD chart exhibits a bearish trend, influenced by its position below the bearish Ichimoku cloud and a descending trend line. A short-term rise towards the 1st resistance at 1942.40 is possible before a potential decline to the 1st support at 1892.36, an overlap support. Resistance levels include 1942.40 and 1979.68, both marked as overlap […]
We can draw several conclusions after the central banks’ meetings, some of which are not so obvious. The first conclusion is that both central banks have come very close to the end of the process of monetary tightening. The only difference is the informational aura around each of them. While markets have been expecting the […]
The EUR/USD pair ended the trading week at 1.0645. On the weekly chart, there is another bearish candle, the tenth in a row. Over the past ten weeks, the pair has been within the framework of a pronounced downtrend, amid the greenback’s strength and the euro’s weakness. The main events of this month are behind […]
The Bank of Japan was not on the yen’s side. Following the results of the September meeting, the central bank left rates unchanged and voiced rather vague remarks, thereby disappointing many market participants. On the one hand, traders have long been accustomed to such “passing” meetings of the Japanese central bank. The BOJ is the […]
Overview : The GBP/USD pair will continue rising from the level of 1.2377 today. So, the support is found at the level of 1.2377, which represents the 23.6% Fibonacci retracement level in the H1 time frame. Since the trend is above the 23.6% Fibonacci level, the market is still in an uptrend. Therefore, the GBP/USD […]
Overview : The trend of EUR/USD pair movement was controversial as it took place in the downtrend channel. Due to the previous events, the price is still set between the levels of 1.0850 and 1.0773, so it is recommended to be careful while making deals in these levels because the prices of 1.0850 and 1.0773 […]
By the end of June, the buyers struggled to break above 1.0930, which was a crucial hurdle, and only managed to reach 1.1200 briefly before the bears took over. Shortly after, the EUR/USD pair has been trading in a narrow range between 1.0600 and 1.1000, waiting for a clear direction from the market sentiment and […]
The EURUSD bulls controlled the price action around the key level of 1.0550-1.0600, leading to more bullish continuation towards 1.1000 and 1.1200. The recent bullish movement pursued towards the resistance zone around 1.1200 where lack of bullish momentum seemed to exist. On the other hand, the recent bearish pullback was facing a temporary support around […]
The GBP/USD pair has shown signs of bearish rejection just below 1.3200, initiating the recent bearish movement. After bearish closure below the price level of 1.2800 on a H4 candlestick, it continued to fall toward 1.2500 where the depicted uptrend line comes to meet a significant Fibonacci Level. This should be considered for Intraday traders […]
Bitcoin is located at 26,600 at the time of writing. As you already know, BTC/USD turned to the downside after the FOMC as the USD dominated the currency market. The crypto increased by 1.35% from yesterday’s low of 26,376 to 26,733 today’s high. BTC/USD is up by 0.02% in the last 24 hours and by […]
USD/CAD downside seems over The currency pair turned to the upside in the last hours and is located at 1.3488 at the time of writing. As you can see on the H1 chart, the rate found strong demand above 1.3397 and jumped above the downtrend line, signaling that the downside movement ended and that we […]
The GBP/JPY pair rebounded in the short term, but this could be only temporary. It’s located at 181.63 at the time of writing. The Japanese Yen Futures’ short-term drop forced the pair to grow. Technically, the bias remains bearish, so more declines are in cards. Fundamentally, the BOJ left the Policy Rate at -0.10 as […]
If you like to ride, you should also enjoy pulling the sled. If Bitcoin grew thanks to the rally in U.S. stock indices at the start of the week until September 22, it logically had to fall at its finish due to the stock market crash. And that’s exactly what happened, so the awakening of […]
When central banks are in the final stages of tightening their monetary policies, their main task is to prevent the markets from betting on a dovish pivot. The Federal Reserve achieved this with the help of FOMC forecasts. However, the European Central Bank (ECB) did not. The ECB has shown that it is satisfied with […]
