Overview: On the one-hour chart, the GBP/USD pair bullish trend from the support levels of 1.2826 and 1.2929. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support […]
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Gold price broke below short-term support of $1,200 yesterday and saw as low as $1,196. Price is now making lower lows and lower highs and as long as we are below $1,208 we should expect Gold to reach lower levels towards $1,190-$1,180. Red line – trend line support Green rectangle – support area Red rectangle […]
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Trading recommendations: According to the H4 time – frame, I found that price was rejected from the upper diagonal of the upward channel, which is a sign that buying looks risky. Kijun sen (support) is on the test and my advice is to watch for breakout of the Kijun sen to confirm potential downward movement. […]
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NZD/USD has been quite impulsive with bearish moves today that is expected to lead to further bearish momentum in the pair. NZD used to be quite firm amid recent economic reports which helped the currency to gain momentum while USD was struggling for gains amid disappointing economic reports. Today New Zealand’s Building Approvals report was […]
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The German joint-stock company Deutsche Boerse (DB) continues its cooperation with the HQLAx liquidity provider which is based on Blockchain, investing millions of euros in a minority shareholder. Deutsche Boerse AG is a German market organizer and provider of transaction services, which since 2015 has had assets of up to EUR 3.695 billion (USD 4.327 […]
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In Asia, Japan will release the Retail Sales y/y and the US will release some Economic Data such as Natural Gas Storage, Unemployment Claims, Personal Income m/m, Personal Spending m/m, and Core PCE PriceIndex m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL […]
Read More »When the European market opens, some Economic Data will be released such as Italian 10-y Bond Auction, German Unemployment Change, Spanish Flash CPI y/y, German Prelim CPI m/m, and German Import Prices m/m. The US will release the Economic Data too such as Natural Gas Storage, Unemployment Claims, Personal Income m/m, Personal Spending m/m, and […]
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The Russian air carrier S7 Airlines has partnered with Gazprom Neft, the state’s oil giant, to use smart contracts based on Blockchain technology for refueling aircraft. S7, which has developed several cases of Blockchain technology in the past two years, will now use this technology to increase the efficiency of payments and fuel deliveries, as […]
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Gold price is pulling back towards $1,200 for a back test of the break out. Price has also broken above the long-term wedge pattern and has started making higher highs and higher lows in short time frames. This could be the start of a bigger bounce towards $1,220-$1,250 as long as we hold above $1,180. […]
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EUR/USD has reached the 1.1730 previous resistance area and pulled back as expected. Although trend remains bullish as the price remains inside a bullish channel, we warned yesterday that the RSI was giving bearish divergence signs and that a pullback should be expected. Green lines – bullish channel Blue line – bearish divergence EUR/USD has […]
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