EUR/CAD has been correcting itself below the 1.5350 area for a few days now, whereas certain volatility can be observed at highest rate in the process. Ahead of the upcoming high impact economic events and reports this week, such volatility is no surprise. This week, ECB President Draghi is going to speak about the nation’s […]
Bitcoin is currently residing below the $6,500 area with daily close which does indicate further bearish momentum in the coming days. Bitcoin has dropped around 4.57% by the end of the week which is indeed a shocking blow for traders of this Cryptocurrency. Though there were certain expectations that the price might rebound from the […]
USD/JPY has been making higher lows recently despite the volatile structure of the market. After breaching above 110.50 area recently, the price has pushed lower below 110.50 again impulsively that is more likely to inject certain bearish pressure in the market. After the recent Federal Funds Rate hike from 1.75% to 2.00%, USD did not […]
EUR/USD has been quite corrective today, starting the trading day started with a small gap. Though the price has been quite impulsive amid the recent bearish pressure, bulls have not entered the market yet. After the recent Federal Rate hike from 1.75% to 2.00%, the market pushed impulsively towards USD side while ECB is expected […]
The weekend did not bring any significant macroeconomic or political information that could detach traders from following Football World Championship in Russia. However, there is a slight nervousness in the markets, although mainly as a result of an exchange of blows by the US and China in the field of new import duties. Friday’s decision […]
Overview: The NZD/USD pair hasn’t made a significant movement for a long time. The bias remains bullish in the nearest term testing 0.7185 or higher. The NZD/USD pair continues to rise from the level of 0.6977 in the long term. It should be noted that the support is established at the level of 0.6977 which […]
Overview: The EUR/USD pair fell from the level of 1.1734 to bottom at 1.1543 last week. But it rebounded from the bottom to close at the price of 1.1617. Today, the EUR/USD pair has faced strong support at the level of 1.1543. So, the strong support has been already faced at the level of 1.1543 […]
GBP / JPY pair The Day Cross exerts resistance (Tenkan 147.08) and the attraction (Kijun 146.57). As a result, on the last day of last week, we failed to form a retreat but we saw a breakout instead. At lower time intervals, it is clear that the players to fall continues to decline now and […]
The wave pattern of the H4 graph: An unfinished wave of this scale of the cross plot can be considered a bearish sector of March 7. In a larger wave model, it took the place of the final part (C). The wave pattern of the H1 graph: Within the framework of a bigger formation from […]
The pound/dollar currency pair managed to roll back to the level of 1.3300 after Mario Draghi’s speech, but the joy of the bulls was short-lived, and the new week began with another market collapse. As we discussed in the previous review of June 15, there are still a lot of sellers in the market and […]