On December 20, bearish invalidation of the depicted short-term channel was demonstrated. Thus, further bearish decline was expressed towards 1.1065 where significant bullish recovery hasRead More
Month: January 2020
Industry news: Bitcoin has dominated the cryptocurrency Futures market, but Ethereum might soon have its own similar product, according to Tarbert. The Chairman of theRead More
On December 13, the GBPUSD pair looked overpriced around the price levels of 1.3500 while exceeding the upper limit of the newly-established bullish channel. OnRead More
Gold has been trading sideways at the price of $1.582. The price is near the critical decision level at $1.588 and you should watch carefullyRead More
GBP has been trading upwards at the price of 1.3150. The price is at the critical decision level at 1.3150-1.3170 and you should watch carefullyRead More
The data on inflation in the United States (the PCE index +0.3%) is slightly higher than the forecast. While inflation (core) is kept at aboutRead More
EUR/USD On January 30, the EUR/USD pair added about 20 basis points and thus continues to move quotes away from the previously reached lows. TheRead More
EUR/USD – 4H. Good day, dear traders! As seen on the 4-hour chart, the EUR/USD currency pair continues the growth process in the direction ofRead More
GBP/USD – 4H. Good day, dear traders! As I said in the last review, after the quotes rebounded from the upward global correction line, theRead More
Having declined by 1.5% in January, it would seem that the EUR/USD pair violated the basic principle of fundamental analysis: “A strong economy is aRead More
The French economy contracted in the 4th quarter of this year, which indicates problems with the growth of the eurozone’s GDP, since we can noRead More
USDCAD has broken through the 1.3180 resistance and our first target. Price is now heading towards the second target of 1.3275, but until then weRead More
GBPUSD has challenged for the 5th time the support trend line connecting the lows from 1.2768. As long as price is above this trend lineRead More
EURUSD is bouncing off the 1.0990 bottom. There are several signs indicating the bounce will continue towards 1.1070-1.11 area. This is not the time toRead More