Category: Market Trends

The S&P500 index, after many weeks of almost uninterrupted growth and the setting up successive ATHs, stopped at 3338. The daily candle of 17 January and another one formed an inside bar. The next few days were attempts to break it up and down, but at the end of the session the index always returned to the inside bar formation. It wasn’t until Friday, January 24th, that the breaking down proved effective and the index started moving south. Monday’s opening took place with a downward gap , which was closed…

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GBP/USD trading signal On H1 timeframe GBP/USD broke above the resistance level at 1.2950, which was holding the price for three previous trading days. On Wednesday pound broke psychological resistance at 1.3 and jumped above 1.31 level. Right now the pair stays above both 50 Moving average (red line) and 200 Moving average (blue line), which is an indication of a bullish trend, so that I do expect the pair to move higher. Scroll down to see the signal details with my SL, TP and entry levels for USDJPY. XAU/USD…

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Our Free Trading Signals for GBP/USD, EUR/USD, ETH/USD and BTC/USD include technical outlook as the following: GBP/USD trading signal On H1 timeframe GBP/USD broke above the bearish channel, where the price was staying for the last 5 days. On Thursday GBP/USD retested 200 Moving average (blue line). Right now the pair stays above both 200 Moving average and 50 Moving average (red line), which is a sign of a bullish trend. I’m looking for buy orders at the moment. Scroll down to see the signal details with my SL, TP…

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Let’s take a closer look at an often-overlooked feature called ‘Market Analysis’. It can be accessed in the bottom left corner of the trade room (it can also hide behind the ‘More’ button). This is something most traders will find useful. Why? Because it is basically 4 features in 1: smart newsfeed, Forex calendar, earnings calendar and crypto calendar. No matter what you trade, you will find relevant information that can later be used in trading there. Market Analysis feature and where to find it Smart newsfeed Thanks to this…

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The GBPJPY currency pair has dropped by more than 700 pips since the beginning of the current month. After breaking the support of the channel, the sellers pushed the quotes to the key support within the round level of 140.00. As can be seen in the daily chart below, for several days the strength of declines slowed over support at 140.00. Still, the quotations are located at a considerable distance from the 20-day EMA, and therefore there is a chance of a rebound before the possible further move towards the south. After…

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Friday has been disastrous for my last week’s forecasts as TRY plummeted, strengthening safe havens (JPY, USD) beyond expectations. EUR/JPY did not consolidate within 128.30~131.88 range, AUD/USD did not bounce at 0.7365, EUR/USD did not bounce at 1.1510 and GBP/USD found no support. No view has been offered for USD/CAD. Major last week’s events (a week that traditionally included geopolitical, market moving events): Tariffs front: 25% tariffs decided to be imposed as of 23 of August on 16B$ worth of Chinese products. China would retaliate reciprocally. NAFTA: No news under my…

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We are starting a new week in the markets. Last one was extremely interesting and there were a lot of investment opportunities. You can read about my positions and new potential entries below: AUD/JPY: Pair reached key support and rebounded from it on Friday. However, there was no buy signal complying with price action (Price Bar, Fakey, Inside Bar) still its worth observing next candles. Maybe an Inside Bar will form today and you can play it depending on the situation, either short or long. EUR/JPY: I regret the missed trade on…

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The ECB has just released the statement for the October policy decision. The decision was as expected, no change to interest rates. What wasn’t expected was a dovish tone to the statement and an extension of QE. The bank has decided to decrease the amount of monthly bond purchases starting January of 2018. The decision will cut bond purchases by 50% to 30 billion Euros and extend the taper of quantitative easing into the 4th quarter of next year and possibly further. The reason for the cut is lackluster inflation…

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A new trading weekly session starts today, the first for the new monthly session of October, with plenty of important economic fundamental data. These are the most important economic events in the forex market calendar for today: European Session Russia Markit Manufacturing PMI Time: 06:00 GMT An increase in the index is positive for the Russian economy and the Rumble indicating an expanding manufacturing sector. Spain Markit Manufacturing PMI Time: 07:15 GMT An in the case of the Russia, a rising figure is positive for the economy of Spain and…

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