Global macro overview for 23/02/2018

The undecided behavior of the USD this week raises uncertainty among market participants. The USD has had a weak Thursday, a recovery during the night session in Asia and the return of troubles at the opening of Europe. In general,...

Bitcoin analysis for February 23, 2018

Bitcoin (BTC) has been trading sideways at the price of $10.050. The state of California has introduced a new bill that aims to recognize blockchain transactions, digital signatures, and smart contracts as a legal form of record. Assemblyman Ian Calderon...

NZD/USD Intraday technical levels and trading recommendations for February 23, 2018

Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated upcoming bearish reversal. As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s...

Analysis of Gold for February 23, 2018

Recently, gold has been trading sideways at the price of $1,328.20. According to the 30M time frame, I found that the price is trading in the range between the support of $1,322.00 and the resistance $1,332.00. Gold is in the...

Intraday technical levels and trading recommendations for EUR/USD for February 23, 2018

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears...

GBP/USD analysis for February 23, 2018

Recently, the GBP/USD has been trading upwards. The price tested the level of 1.3994. Anyway, according to the 30M time frame, I found a fake breakout of yesterday’s high at the price of 1.3989, which is a sign that buying...

Three reasons to sell the euro

The Financial Times gave 17 reasons for the weakening of the US dollar, and as if to spite the tabloid, the US currency is beginning to strengthen. It must be understood that the press finds out about all of the...

Fundamental analysis of EUR/CAD for February 23, 2018

EUR/CAD has been non-volatile with the gains after breaking above the 1.5350 price area which is expected to be retested in the coming days. Due to recent worse economic reports from Canada, EUR has been the dominant currency in the...

Technical analysis of USD/JPY for February 23, 2018

USD/JPY is expected to trade with a bearish outlook as the key resistance is at 107.60. The pair is off the low of 106.58 seen overnight (February 22). Currently, it has returned to levels above the descending 20-period moving average...

Technical analysis of USD/CHF for February 23, 2018

USD/CHF is turning down. The pair retreated from 0.9410 (the high of February 22). The 20-period moving average crossed below the 50-period one. The relative strength index shows downside momentum. Hence, as long as 0.9380 holds on the upside, look...