Can EUR/USD rise up after the Turkish crisis?

The EUR/USD is still trading on the low ground following the Turkish crisis. Has it found a bottom? The Technical Confluences Indicator shows that the 1.1392 level is robust congestion of technical levels. This includes the 52-week low, last month’s low, last week’s low, the Fibonacci 61.8% one-day, the Simple Moving Average 10-4h, and the Bolinger Band one-hour low. Further down, 1.1365 is […]

Major Details: Don’t Leave Out the Minor Pairs

When traders first start out on their journey, they either tend to stick to a few major pairs, or they trade every instrument they possibly can. The Majors are particularly popular because they have the lowest spread and are easily predictable with the simplest technical analysis techniques.   The majors are the 7 most traded […]

USD/JPY path of least is resistance is down

The Turkish crisis is spreading and causing a risk-off sentiment all over the world. The Japanese yen enjoys the safe-haven flows and rises, sending the USD/JPY tumbling down. What’s next? The Technical Confluences Indicator shows that the first step to recovery is overcoming 110.40, which is the convergence of the Bolinger Band one-day Lower, the Pivot Point one-month Support […]

EUR/USD bounces off lows, looks to regain 1.1400

The pair sinks to fresh 13-month lows in the 1.1365/60 band. Rising fears over the Lira crisis weigh on sentiment. The greenback stays supported on safe-haven demand. After dropping to fresh 13-month lows near 1.360, EUR/USD seems to have found some buyers and is now trading closer to the 1.1400 handle ahead of the opening […]

Brexit summer blues, trade troubles – MM #182

Who said August was boring? We start with an update on Brexit where a deal doesn’t seem so likely and continue with escalating trade wars and what it means for financial markets. You are welcome to listen, subscribe, provide feedback and pledge support on Patreon. Brexit blues: There is growing talk of a no deal Brexit. […]

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