Technical analysis of USD/JPY for April 25, 2018

USD/JPY is expected to trade with bullish outlook. The pair is rebounding from 108.50 (the low of April 24) and is challenging both 20-period and 50-period moving averages. The relative strength index broke above the neutrality level at 50, calling...

Daily analysis of GBP/JPY for April 25, 2018

Overview The GBP/JPY pair succeeded to achieve the initial positive target at 152.45 yesterday, confirming its affection by the main bullish bias domination. Stochastic rally above the 50 level opens the way towards gathering new positive momentum, to confirm the...

Daily analysis of Gold for April 25, 2018

Overview Gold price resumes its negative trading clearly in its way towards our main waited target at 1316.48, pointing that stochastic keeps providing negative signals that might motivate the price to break the mentioned level, then extend the bearish wave...

Daily analysis of Silver for April 25, 2018

Overview Silver price keeps its stability above the 16.56 level, noticing that stochastic gets rid of its negative momentum clearly to reach the oversold areas, which forms a positive factor that we are waiting to assist to push the price...

Global macro overview for 25/04/2018

Turkish central bank about to hike the benchmark interest rate? The Central Bank of the Republic of Turkey (TCMB) raised the LLW (Late Liquidity Window ) interest rate from 12.75% to 13.50%, keeping the remaining interest rates unchanged. This long-awaited...

Global macro overview for 25/04/2018

On the Wednesday’s macro calendar, it is in vain to look for any important data releases, so the financial markets will focus on the rise in the US bond yields and the consequences for risky assets and the US Dollar,...

Technical analysis of GBP/JPY for April 25, 2018

Our first upside targets which we predicted in yesterday’s analysis has been hit. GBP/JPY is still on the upside and looking to post some further upside gains. The pair is posting some consolidations after the recent strong rebound but is...

EUR/USD analysis for April 25, 2018

Recently, the EUR/USD has been trading downwards. The price tested the level of 1.2186. According to the M30 time frame, I found strong intraday selling pressure (ADX reading above 30), which is a sign that buying looks risky. I also...

Technical analysis of NZD/USD for April 25, 2018

Overview: The NZD/USD pair opened below the weekly pivot point (0.7110). It continued to move downwards from the level of 0.7110 to the bottom around 0.7072. Today, the first resistance level is seen at 0.7148 followed by 0.7195, while daily...

BITCOIN Analysis for April 25, 2018

Bitcoin has been impulsively bullish consistently for certain period which helped the price to bounce off from $6,500 to $9,500 by today. Currently, the price is showing impulsive bullish rejection whereas certain bearish pressure is expected as a form of...