By the end of August, the EURUSD pair has achieved a temporary breakout above the previously mentioned resistance zone located around 1.1900. However, Significant SELLINGRead More
Month: September 2020
The American financial holding JPMorgan Chase & Co will pay more than $920 million in order to cover all losses incurred as a result ofRead More
EURUSD has bounced off the 1.16 level and has so far reached 1.1760. However this bounce could very well be just a relief bounce beforeRead More
Gold price has bounced towards the key resistance of $1,900 that was once support. Price has stopped the advance higher at $1,899 and is nowRead More
Today we take a look at USDCNH. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identifyRead More
GBPJPY holding above ascending trendline support and moving average. A further push up above 1st support at 135.852 towards 1st resistance at 136.363 can beRead More
AUDJPY is pulling back to the ascending trendline and 1st support where the 61.8% fib retracement is. Price could bounce there towards our 1st resistance.Read More
Price is facing bearish pressure from our first resistance, in line with our 100% fibonacci extension, 50%, 78.6% fibonacci retracement, and horizontal graphical resistance whereRead More
USDCAD is trading the last couple of days between 1.3350 and 1.3420. Price is consolidating near recent highs. If resistance at 1.3420 is broken weRead More
In the currency market opposite forces are at work all the time. Some companies need to buy USD and sell EUR to pay for goodsRead More
The energy and financial sectors determined the mood of market players. All this was compounded by the official statistics on coronavirus – about 1 millionRead More
The US presidential election is about five weeks away, and the tension is growing every day. According to polls, Democratic candidate Joe Biden’s leadership hasRead More
The GBP / USD pair is currently in the stage of a correction, but yesterday, there was a stagnation at price levels 1.2822 / 1.2900,Read More
Technical outlook: GBPUSD had managed to push through 1 2930 levels early this week, after dropping through 1.2675 lows last week. The Cable currency pairRead More