Articles by admin

All our targets which predicted in yesterday’s analysis have been hit. USD/JPY is expected to continue an upward movement. The pair rebounded from the rising 20-period moving average after a pullback from 109.10. The relative strength index has just landed on its neutrality level at 50 and is turning up….

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GBP/JPY is expected to trade with a bullish outlook. The pair bounced off its key horizontal level at around 154.85, and it is also supported by its rising 50-period moving average. The process of higher highs and lows remains intact, which should confirm a positive outlook. Besides, the relative strength…

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The Consumer Price Index data from Australia has disappointed market participants when the key figures were released at the level of 0.6% while market participants expected an increase to 0.7%. The biggest increase in inflation was noted in alcohol and tobacco subindex (from 3.5% to 7.2%), housing (from 0.3% to…

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Bitcoin has broken below the $10,000 price area with a daily close. BTC is expected to push much lower towards $7,500 area in the coming days. The pressure of the bears in the market seems very consistent that is speculated as an effect of the introduction of bitcoin futures recently….

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EUR/AUD has been impulsive with the bullish gains today which led the price to breach above the 1.55 resistance area. Today, AUD struggled with the partially worse economic reports which led EUR to gain impulsive momentum having mixed economic report results. Today, EUR Spanish Manufacturing PMI report was published with…

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EUR/GBP has been volatile and corrective recently, residing inside the support of 0.87 to the 0.8750 area. Due to the recent mixed economic reports of both EUR and GBP, the market sentiment has been quite indecisive with the upcoming directional momentum in the pair and lower liquidity at the end…

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Eurozone Manufacturers Still Extremely Bullish Despite Stronger Euro It’s been a positive start to trading on the first day of the month, with markets in Europe trading well in the green and US futures ticking a little higher as well. It’s been a busy morning of economic releases and broadly…

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