<p>The Federal Open Market Committee (FOMC) announced a series of steps this morning designed to support the flow of credit in the U.S. economy. The actions taken are breath-taking in their scope. Indeed, these steps surpass in breadth and depth the measures that the Fed created in the midst of the financial crisis a decade […]

<p>USDJPY pushes higher continuing a two-week uptrend which commenced on March 9 from the 101.17 multi year low. The move seems to be backed by positive momentum within the upward sloping Ichimoku lines, as well as the bullish crossover of the 100-period simple moving average (SMA) by the 50-period one. Furthermore, the short-term oscillators

Bundesbank comments in their latest monthly report – Sliding into a pronounced recession cannot be prevented – An economic recovery will only start when the pandemic risk is effectively contained ForexLive

<p>US 500 index (Cash) gapped today underneath the inside swing low of 2,273 reaching a multi-year low of 2,183.95 before buyers surfaced, steering the price back up towards the 2,350 area, where the flat Ichimoku lines are located. The short-term oscillators, although negative, reflect some strengthening in positive momentum. The MACD, in th

<p>This morning, the Federal Reserve announced a whole host of measures to support the U.S. economy. The moves included: Making its asset purchase program open-ended (effectively unlimited) and also including the purchases of commercial mortgage-backed securities. Previously, the Federal Reserve had pledged to purchase $500 billion of Treasur

<p>On Friday, the EUR/USD currency pair re-tested the support level formed by the monthly S2 at 1.0650. During today’s morning, the pair was trading near the given support. Note that the exchange rate is pressured by the 55-hour SMA near 1.0750. Thus, some downside potential could prevail in the market. In this case the rate […]

<p>The US dollar is testing towards the 110.00 support level against the Japanese yen currency after a soft start to the new trading week. Bearish MACD price divergence is warning that the USDJPY pair could soon fall back towards the 106.00 support level. Overall, continued failure to surpass the 111.50 resistance level should be seen [&helli

<p>Bitcoin has had a soft start to the new trading week, with the number one cryptocurrency remaining capped below the $6,000 level. Cryptocurrency bears may use any rallies back towards the $6,430 level as an opportunity to sell the BTCUSD pair. At this stage, bulls need to close the daily candle above the $7,000 level […]

<p>AUDUSD has been underperforming in the past two days, breaking back below the 23.6% Fibonacci retracement level of the down leg from 0.6685 to 0.5506 at 0.5783. When looking at the bigger picture, the pair has a clear downside trend and has been moving below the short-term simple moving averages (SMAs). Considering the momentum indicators,

<p>The EUR/USD currency pair Technical indicators of the currency pair: Prev Open: 1.06560 Open: 1.07030 % chg. over the last day: -0.06 Day&#8217;s range: 1.06357 – 1.07867 52 wk range: 1.0777 – 1.1494 The EUR/USD currency pair is traded in a flat. There is no defined trend. Investors are waiting for additional drivers. Currently, EUR/US