We have a nice opportunity here with EURUSD. We have lower lows being created clear higher timeframe lower lows my entry will be a break of this support in this range I have drawn up. I'm waiting on a break of structure for the sell off the zone. It's necessary to consider only selling in a downtren

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Photo: Reuters   The week began in a rather chaotic place: last Friday, news that the founders of crypto derivatives exchange BitMEX and been indicted was nearly eclipsed by news that United States President Donald Trump had been diagnosed with COVID-19.   At the same time, the European Central Ba

Italy's current account surplus increased for the first time in four months in July, mainly due to the strong performance of the goods balance and a recovering tourism surplus, preliminary figures from the Bank of Italy showed on Friday. The current account surplus rose to EUR 9.308 billion from EUR

AUD/USD’s pull back from 0.7413 was contained well above 0.7135 support last week. Initial bias remains neutral this week first and further rise remains in favor. On the upside, break of 0.7413 will resume the rally from 0.5506 and target 0.7635 long term fibonacci level next. Nevertheless, decisive

USD/CAD sellers await fresh clue to extend pullback from a seven-day-old falling trend line. Sustained break of 50-bar SMA challenges short-term sellers. 100-bar SMA, monthly resistance line offer strong upside barrier. USD/CAD seesaws around 1.3220/15 during the initial Asian session on Tuesday. I

USD index started trading below the lower triangle line, which indicates a completed Elliott wave triangle correction in wave 4), and a wave 5) of five to be underway. Possible support, and a bullish reversal zone can be at the 92.0/91.7 level. A later impulsive recovery, and breach above the 93.4 l

USD/CHF keeps recovery from 0.9087 to challenge the sellers. Bullish MACD, repeated failures to stay well below 0.9100 favor the buyers. A two-week-old falling trend line adds to the upside barriers. USD/CHF bears catch a breather around 0.9093 during the pre-European trading on Monday. In doing so

The Guardian explains that New Zealand is not yet looking at a level 4 lockdown because the rising number of Covid-19 cases are all related to a single cluster, the health minister has said. Chris Hipkins told Radio NZ that more than one cluster would have to be circulating for the country to rise

EUR/USD's pullback from 1.1371 to 1.1275 has weakened the immediate bull bias.  The pair, however, is still holding above the 200-hour SMA.  EUR/USD is down but not out. The pair is trading in the red near 1.1275 at press time, having faced rejection at a one-month high of 1.1371 on Thursday.  The

USD/CAD The US Dollar has surged by 53 pips or 0.39% against the Canadian Dollar since yesterday's trading session. The currency pair tested a resistance cluster formed by the 50– and 200– hour SMAs at 1.3605 on Thursday morning. If the resistance cluster holds, bearish traders are likely to pressur

Asian equities fail to cheer China’s vaccine news amid rising numbers from the US, lockdown in Anxin County. Updates from New Zealand, Australia flash mixed signals but bears keep the helm. Japan’s Retail Trade, surge in Tokyo cases drowned Nikkei, NZX 50 welcomes comments from RBNZ’s Orr. US data,

WTI has recovered from overnight lows and currently trades around key SMA hurdle.  Sustained risk-on may bode well for the black gold.  Big gains, however, may remain elusive, due to bearish US oil inventory report.  West Texas Intermediate (WTI) crude has bounced up to a simple moving average (SMA

At 3.30 am ET Tuesday, IHS Markit releases Germany's flash PMI data. Economists forecast the composite index to rise to 44.2 in June from 32.3 in the previous month. Ahead of the data, the euro traded mixed against its major rivals. While the euro held steady against the pound, it rose against the r