Gold is stationary in Asia on Monday as the markets consolidate with a US holiday to get through before key events such as US CPI will hit the slate.
Gold has been suffering on higher US rates and the recent Fed comments which have been supporting the upside bias in the dollar.
If bears can stay below the 50-D SMA now at 1210, having broken the 38.2% target...
Italy has until Tuesday to submit a revised budget draft to the EU.
Italy-German yield spread looks set to rise in the EUR-negative manner as Italy is unlikely to revise lower its expansive budget deficit target.
The EUR/USD is trading near 1.1325 after taking an early-Monday plunge into near-term lows as the broader market opens the new trading week with...
The Canadian Dollar is having its best day since September 28 (when it became clear Canada would join the United States and Mexico in the USMCA) after the Bank of Canada not only raised rates by 25-bps – a move that was widely expected, with overnight index swaps pricing in a 92% chance ahead of the meeting today – but offered its clearest signal yet that it was...
CAD experiencing very little activity today as it is also a holiday in Canada leaves room for stronger currencies to gain some ground. AUD has had a lovely start to the week with a strong bullish push in the early hours of the day. If price breaks 0.91859 and closes above that zone it would be a great opportunity to enter the market to grab 30 pips at the Zone 2....
yes, I'm feeling pretty confident about this pair showing a well balanced pair and showing positive news about what the president doing meeting and having international presidents and political leaders from foreign countries indicating positive moves from this pair, taking notion of this pair... On long yes, neat risk enough for a sufficient TP..
It is no secret that Amazon has taken the world by storm in the past few years as its market cap nears the unbelievable 1 trillion mark. Amazon now provides a service for nearly every demand you can think of. Food, retail products, shipping, a place to sell your goods/services, cloud services, etc. In the next few years, Amazon will probably increase its user base...
Earlier this month, my friend Harrison Schwartz wrote an eye opening article exposing the disaster that is in store for Chinese Real Estate investors (seekingalpha.com). The article analyzes the unthinkable situation China is in, and what is most likely going to happen. After reading it, my first thought was how can I make money off of this inevitable crash? That...
There is a very bullish pattern on the chart: breaking from the descending wedge. Indicators SMA, EMA 10 and Stoch RSI confirm the probability of upward movement. In the short and middle term we expect growth up to Ichimoku lagging span line.
Fundamentals are also great: the positive news background for this year should also push the market up.
USD/CHF has an immediate resistance at $0.9985 and a support at $0.9950. The violation of support level can lead the pair towards $0.9935. Now let's wait for the Bank of England to capture more fluctuations in the market. Good luck!
I'm speculating that the inventory draw by 2.1 million is already priced in. Therefore, the oil prices may drop on the release of EIA report. That being said, I will be looking to stay bullish above $65.02 to target $66 before the release of news today. All the best and stay tuned for updates. Keep following!
Today's forex trading signal is to stay bullish only above $66.45 to target $67 and $67.45. Whereas, selling is preferred only below $66.45. Good luck!
WAN is an excellent buy right now for both short and long term. Price is entering the demand zone and the last time that happened we bounced out very quickly. We are looking to make a HL double bottom pattern and then breakout of that downtrend line. I cannot see us going any lower than 5200 as many big players are bullish on WAN fundamentally and will buy up fast...
Finally BTC has managed to break the downtrend. On the picture you can see the triangle that was broken. I has opened long position from here for a couple of weeks and more. Moreover, fundamental characteristics of the coin are also growing: the number of transactions and amount USD sent are in bull trend like the price itself. I encourage you to check the...
The wedge seems like Bull's flag, however according to a deeper analysis it is 5 Elliott Impulse waves. MACD and HMA in a buy state, volume increasing. Moreover, fundamental analysis of this coin is also great: Abra has announced that it supports DASH now, NegocieCoins introduces Dash to Brazilian markets, Bitit offers many options for buying the crypto currency....
Adobe has been one of those interesting plays on cloud with making their products exclusively available on subscription based. Effectivly it looks that an 2 years subscription is worth as much as their complete adobe suite. We seen the effect of those changes already and with ever increasing user base (attributed to good positioning for mobile, design and video...
On a day chart we found a Cup&Handle formation, it is more clearly confirmed on the longer time frame for example on a week chart. Stoch RSI also indicates further ascending trend. The price is above ichi cloud which is also a good sign. Beyond TA, fundamentals for this coin are also great. OMG is an ambitious and clever proposal for Ethereum PoS scalling...
Cup&Handle pattern was broken and now the price is testing the lower edge of rectangular support zone 1. The price is below ichi cloud which indicates further decrease, however the coin is currently oversold and there can be a rebound which will form Double Bottom pattern. This will create a strong support level around the signal's stop loss zone 0.000550, from...
