What to trade? Consider EUR/JPY
EUR/JPY is enjoying the medium-term uptrend since the start of September. The pair’s currently trading above the 50-week MA (121.66) and above December highs (122.50).
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Information is not investment advice
How to trade GBP/USD?
Last week GBP/USD has failed to stay above the 200-week MA (1.3065) for the second time.
EUR/GBP: a short-term idea
EUR/GBP formed a candlestick with a long lower wick on the MN chart – a sign of reversal to the upside…
Central banks: no power to fight the recession?
What if the market uncertainties prevail and the risks of the recession renew? The central banks should have more opportunities to stimulate the economy. However, low rates for most of the central banks and negative for some of them mean the banks are at the edge.
USD/JPY: trade ideas for the NFP day
The US dollar had a strong week versus the Japanese yen. USD/JPY opened with a gap down on the W1, but is now trading above the highs of the previous week.
GOLD: correction time
The advance of gold (XAU/USD) this week has been too rapid. The precious metal got overbought.
OIL price: still rising
The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
GBP/JPY offers trade opportunities
If you look on the weekly chart of GBP/JPY. You will see that the pair has ran into resistance of the 200- and 100-week MAs.
EUR/USD: short-term trade idea
On the H1, you can see that EUR/USD formed an inverted “Head and Shoulders” pattern.
How to trade NZD/USD on US-Iran news
Market sentiment has worsened on the news about the conflict between the United States and Iran. One of the ways to trade in this environment is to sell NZD/USD.
The first month of the year: where markets are heading?
The 2020 year has started and the direction of the markets is unclear especially due to the US-Iran tensions. Take a fast look at the major events that will determine markets’ direction in January 2020.
US-Iran escalation: unpriceable risks
The New Year just started but risks are already in the arena. The global financial markets’ sentiment turned to be cautious. How the US-Iran tensions may affect markets.