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<p>EURJPY has reversed sharply lower, having rallied above the 61.8% Fibonacci retracement level of the January-March downtrend only a week ago. The sell-off continues today, with prices tumbling below the 23.6% Fibonacci of 117.71. According to momentum indicators, the selling pressure is likely to persist in the near term as the RSI is tren

<p>The euro currency has started to weaken below the 1.0980 level against the US dollar, placing the pair under increasing downside pressure. The EURUSD pair could weaken below the 1.0900 level if sellers continue to gain traction below the 1.0980 level. Traders should also note that EURUSD medium-term buyers may be lurking around the 1.0900

<p>Litecoin remains extremely weak in the short-term to medium-term as the popular cryptocurrency fails to rally above the $40.00 level. A bearish head and shoulders pattern on the daily time frame continues to warn that the LTCUSD pair could fall towards the $20.00 level. In the near-term, the $36.50 support level remains a key pivot [&helli

<p>The USD as well as the JPY strengthened as markets prepared for a global slowdown in the last trading day of Q1. Yesterday the Fed widened the ability of foreign central banks to access USD by allowing the conversion of US treasuries for overnight USD loans. The idea is that central banks would be allowed […]

<p>The pair broke important Fibo barrier at 6.6392 (Fibo 76.4% of 7.1074/5.1323 descend) on Wednesday and rose to the highest level since early Sep 2018. Turkish lira continues to weaken during coronavirus crisis but losses are far lower from those that its counterparts from emerging markets suffered. While lira was down around 6% in March, [

<p>Notes/Observations New quarter begins where old one left off – safe haven flows dominate German Feb Retail Sales beats expectations as strong demand for convenience goods due to coronavirus pandemic Most Major European PMI Manufacturing in contraction territory and at decade lows (Contraction included: Euro Zone, Germany, France, Italy, Sp

<p>The pair is holding in directionless mode but below broken pivotal Fibo support at 107.69 (38.2% of 101.18/111.71 upleg, reinforced by 20DMA) following eventual close below here that generated bearish signal. Tuesday’s strong upside rejection left bearish daily candle with long upper shadow, which adds to negative signals. Daily MA&#

<p>The recovery in equity markets has stalled along with new evidence of accelerating coronavirus spreading. There is a saying in the market: ” when the US is coughing, the world has a fever”. Market dynamics and economic cycles have repeatedly confirmed the validity of this observation. It is very alarming that the United States

<p>On Tuesday, the EUR/USD currency pair consolidated in the 1.1000 area. During today’s morning, the pair was trading near the weekly PP at 1.0977. It is likely that the exchange rate could remain under pressure of the 55– and 100-hour SMAs near 1.1025 and trade downwards in the short term. In this case the rate […]

<p>Yesterday, the GBP/USD exchange rate consolidated in the 1.2400 area. During Wednesday morning, the rate maintained its consolidation. It is likely that the currency pair could gain support from the 100-hour SMA, as well the monthly PP and the Fibo 50.00% near 1.2345 and trade upwards in the short run. Note that the pair would […]