GBP/USD is correcting, still likely to fall. Estimated pivot point is at a level of 1.2738. Main scenario: Consider short positions below the level of 1.2738 with a target of 1.1177 – 1.0687 Alternative scenario: breakout and consolidation above the level of 1.2738 will allow the pair to continue rising to the levels of 1.3201 […]
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EUR/USD: Elliott wave analysis and forecast for 17/04/2020 – 24/04/2020
EUR/USD remains likely to fall. Estimated pivot point is at a level of 1.0996. Main scenario: Consider short positions from corrections below the level of 1.0996 with a target of 1.0630 – 1.0500. Alternative scenario: breakout and consolidation above the level of 1.0996 will allow the pair to continue rising to the levels of 1.1170 […]
USD/CHF:Elliott wave analysis and forecast for 17/04/2020 – 24/04/2020
USD/CHF remains likely to fall. Estimated pivot point is at a level of 0.9803. Main scenario: Consider short positions from corrections below the level of 0.9803 with a target of 0.9167 – 0.9000. Alternative scenario: breakout and consolidation above the level of 0.9803 will allow the pair to continue rising to the levels of 1.0024 […]
USD/CAD: Elliott wave analysis and forecast for 17/04/2020 – 24/04/2020
USD/CAD remains likely to fall. Estimated pivot point is at a level of 1.4355. Main scenario: short positions should be considered from corrections below the level of 1.4355 with a target of 1.3788 – 1.3598. Alternative scenario: breakout and consolidation above the level of 1.4355 will allow the pair to continue rising to the levels […]
Saving Private Euro!
ECB can double the QE size In the recession period, the Forex game rules are much simpler. Investors are watching a single currency, the US dollar that serves as a kind of safe-haven and is rather responsive to changes in global risk appetite. The indicator of the risk appetite is traditionally the S&P 500, whose […]
Ethereum v2.0: to buy or not to buy
ETHUSD: Fundamental and technical analysis, roadmap and Vitalik Buterin, trend analysis, volume analysis and harmonious patterns. Amid the unfolding coronavirus chaos and global economic crisis, we almost missed an important event in the cryptocurrency world. On 19th March, creator of Ethereum Vitalik Buterin published a roadmap where he described
Pound sees a light shining in the clouds
The pandemic changed the game rules for the GBP/USD Everything has its bright side. Coronavirus made investors forget about Brexit, which drew the GBP up to its monthly high versus the US dollar. However, the GBPUSD bulls may not celebrate their victory in the long term. Poor reports on the US industrial production and retail sales forecasts [&hell
Morgan Stanley On Track to Complete E*Trade Acquisition in Q4
Morgan Stanley agreed to purchase E*Trade in a deal worth around $13 billion earlier this year.
SBI Using R3’s Corda Blockchain for FX Trading
This is the first practical use of R3’s products in Japan.
As COVID-19 Tore Into BTC Prices, Crypto Exchanges Saw Record Volumes
The price crashes that coronavirus wrought on the cryptosphere brought exchanges some of their highest trading volumes ever.