May, 2021 | Forex robots store

Bitcoin hovers above $40,000 after a wild week that saw the cryptocurrency plunge 30% at one point

A Bitcoin sign is seen at the entrance of a cryptocurrency exchange office on April 16, 2021 in Istanbul, Turkey. Chris McGrath | Getty Images Bitcoin’s price hovered above the $40,000 level on Friday, as a comeback for the world’s...

AdminMay 21, 2021

Technical analysis of Forex market

Oil Price Outlook: A Major Bearish Trend Line Is Forming With Resistance Near $62.40

Crude oil price started a fresh decline from well above the $65.00 level against the US Dollar. The price broke the $63.50 support zone to move into a short-term bearish zone. The price even declined below $62.50 and the 50...

AdminMay 21, 2021

Technical analysis of Forex market

USDCAD Touches 6-Year Low But Bearish Bias Retains Command

USDCAD is tiptoeing across the 1.2060 support barrier, related to the critical trough from back in September 2017, after the latest downfall ticked to a 6-year low of 1.2012. The sliding bearish simple moving averages (SMAs) are defending the negative...

AdminMay 21, 2021

Technical analysis of Forex market

USDJPY 108.00 Possible

The US dollar is on the slide against the Japanese yen currency, following more soft CPI inflation data from the Japanese economy this morning. The USDJPY pair could test towards the 108.00 level if a bearish breakout under the 108.45...

AdminMay 21, 2021

Technical analysis of Forex market

EURUSD Could Test 1.2330

The euro currency is once again on the rise against the US dollar, as traders continue to aggressively buy into price dips below the 1.2200 level. A bullish inverted head and shoulders pattern is close to forming across the lower...

AdminMay 21, 2021

Technical analysis of Forex market

GBP/USD Outlook: Bulls Pressure 1.42 Barrier After Upbeat Retail Sales, PMI Data In Focus

Cable jumped to 1.4200 zones after upbeat UK retail sales but failed to break higher, remaining within 1.41/1.42 range for the fourth straight day. Larger bulls remain supported but face headwinds on approach to 2021 high at 1.4238 (Feb 24)....

AdminMay 21, 2021

Technical analysis of Forex market

GBPJPY Rally Cools Near 39-Month High

GBPJPY is marking its fourth consecutive week in the green zone, though it is set to close with minimal gains as the resistance area around the 154.80 level has been a struggle this week. The sideways move in the RSI,...

AdminMay 21, 2021

Technical analysis of Forex market

SPX 500 Consolidates Above Key Support

US equity markets remain subdued as risk appetite takes a backseat. The S&P 500 has pierced through the 30-day moving average, adding pressure on the buy-side. The price action is again testing the demand area around 4040 after a short-...

AdminMay 21, 2021

Technical analysis of Forex market

Two Trades To Watch: WTI Crude Oil, EUR/GBP

WTI steadies after steep selloff, Baker Hughes rig count in focus WTI is consolidating losses as it trades at its lower level in around a month WTI saw a deep sell off across the week amid reports of progress in...

AdminMay 21, 2021

Fundamental analysis of Forex market

EU-China Controversies Halts Market Access Treaty

Market movers today Markit will release May Flash PMIs for both Euro Area and the US. Euro Area indices are expected to continue rising as restrictions have been eased further. Survey medians expect US figures to tick down slightly following...

AdminMay 21, 2021

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Month: May 2021

Bitcoin hovers above $40,000 after a wild week that saw the cryptocurrency plunge 30% at one point

Oil Price Outlook: A Major Bearish Trend Line Is Forming With Resistance Near $62.40

USDCAD Touches 6-Year Low But Bearish Bias Retains Command

USDJPY 108.00 Possible

EURUSD Could Test 1.2330

GBP/USD Outlook: Bulls Pressure 1.42 Barrier After Upbeat Retail Sales, PMI Data In Focus

GBPJPY Rally Cools Near 39-Month High

SPX 500 Consolidates Above Key Support

Two Trades To Watch: WTI Crude Oil, EUR/GBP

EU-China Controversies Halts Market Access Treaty

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Month: May 2021

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