Articles by admin

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.4118. According to the 30M time frame, I found that price broke the daily pivot resistance 2, which is a sign that buyers are in control. I also found fresh upward cross on the stochastic oscillator,…

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USD/JPY was already under pressure on the US dollar’s ongoing weakness since late in 2017. The greenback came under fresh pressure as US President Trump slapped tariffs on solar panels and washing machines. The prospects of a trade war, joining on the worries about NAFTA, weighed. During the Tokyo session,…

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Overview: The USD/CHF pair faces resistance at 0.9567, while strong resistance is seen at 0.5658. Support is found at 0.9420 and 0.9330 levels. Today, the USD/CHF pair continues to move downwards from 0.9567 level. The pair could fall from 0.9567 level to a minor support around 0.9493. In consequence, if…

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We wrote that all the conditions for an ascent of the Aussie were in place. The excellent Australian jobs report, coupled with upbeat Chinese GDP and a synchronized global growth cycle sent AUD/USD to struggle with 0.80. Yet another bout of dollar weakness was needed to push the Aussie to…

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Recently, Gold has been trading upwards. The price tested the level of $1,350.60. According to the 30M time – frame, I found that price broke the resistance cluster at the price of $1,344.65, which is a sign that buyers are in control. Now, the strong resistance cluster at the price…

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President Trump fired off a Tuesday night tweet to “Cryin’” Chuck Schumer (D) letting let the New York Senate Minority Leader know that without funding for the wall – one of the president’s cornerstone campaign promises, there would be no compromise on legislation to help so-called Dreamers, something we expected…

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Overview: The NZD/USD pair continued moving upwards from the level of 0.7260. Yesterday, the pair rose from the level of 0.7260 (weekly support) to the top around 0.7400. Today, the first support level is seen at 0.7260 followed by 0.7168, while daily resistance is seen at 0.7465. According to the…

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USD/CAD has been trading with impulsive pullbacks. The pair is currently residing below the 1.2400 support area. CAD has been quite strong amid economic reports which enabled the currency to gain impulsive momentum over USD last month. USD has been struggling to gain ground since the recent rate hike decision…

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The president of the Swiss UBS Bank, Axel Weber, announced today that he will not advise bank clients on investing in cryptocurrencies, although he distinguishes institutional and retail clients when discussing the topic. In an interview with CNBC at the World Economic Forum (WEF) in Davos, Weber made a distinction…

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It was a hard night for the US Dollar, which loses to all major currencies, and the US Dollar index is the lowest for over three years. The strongest are JPY and CHF. USD/JPY violated 110, EUR/USD trying to break 1.23, GBP/USD approached the 1.4050. The stock market does not…

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