Category: Info

Bitcoin faces new hurdles after the crash

The calm in cryptos has ended with sharp falls across the board. Bitcoin was always better positioned. The King of Cryptos has strong support and needs to jump above one hurdle to recover. The Technical Confluence Indicator shows that there is a potent convergence of resistance levels at $7,163, which is the Pivot Point one-day S2 and […]

EUR/USD under pressure double-bottom in danger

The EUR/USD ended its recovery and began another European morning with a drop. Concerns about EM, Italy, and trade dominate. The technical picture is bearish with a crucial double-bottom watched. The EUR/USD is trading in the mid-1.1500s, down on the day but at similar levels to those seen in Tuesday’s European session. The US Dollar […]

GBP/USD hugging the 1.2850 but will have to make a decision

The GBP/USD is looking for a new direction as markets await further news on Brexit negotiations. What’s next? The Technical Confluences Indicator shows that pound/dollar is trading just around the dense cluster around 1.2850 which includes the Fibonacci 38.2% one-month, the Simple Moving Average 100-15m, the SMA 100-4h, the 4h-low, the Fibonacci 61.8% one-day, the Pivot Point one-week Support 1, and […]

NFP hints are telling also for sentiment about trade wars

The ADP NFP and the ISM Non-Manufacturing PMI serve as last-minute hints towards the NFP. They also gauge business sentiment in sensitive times. Both are expected to improve, but trade concerns may have their say as well. Thursday, September 6th, is the deadline for public comments on new trade tariffs that the US wants to […]

5 reasons for a USD surge in September

Dark clouds are gathering over global markets. A mix of economic, political, and seasonal factors weigh. The perfect storm could be beneficial for the US Dollar at the expense of all the rest. While many traders were on holiday during the summer, markets were not at ease with quite a few issues emerging, so far […]

Summer ends and winter comes for EUR/USD

The EUR/USD resumes its falls as US traders end their summer vacations. Concerns about emerging markets, tariffs on China, and Italy weigh. The technical charts show bears are regaining control. The EUR/USD is falling below 1.1600 on Tuesday after a slow-motion day on Monday. American traders are back to school after a long Labor Day weekend. The […]

EUR/USD leans lower on back to school day

The EUR/USD did not go anywhere fast on slow-motion trading on the US Labor Day. After hugging the 1.1600 level, what’s next? The Technical Confluences Indicator shows that the pair faces immediate resistance at 1.1620 which is the meeting point of the Fibonacci 23.6% one-day, the Fibonacci 23.6% one-week, the Simple Moving Average 50-one-day, the SMA 50-15m, the SMA 100-15m, the […]