Double top formation on the weekly USDCAD chart started a bearish trend.
The GBPCHF cross pair used to be one of the most volatile currency pairs of the FX dashboard. When the Swiss National Bank (SNB) dropped the EURCHF exchange rate floor in January 2015, everyone fretted about the huge gap seen on the EURCHF charts. However, the “star” of the day […]
Huge bullish reversal pattern on the Ripple daily chart.
The EURUSD pair is one of the pairs that reacted the most to the EU Recovery Fund deal signed yesterday. Typically a currency pair active Thursday’s and Friday’s, it advanced several big figures in the last few days prior to the EU deal. While the EU Recovery Instrument is a […]
Two days from now, Amazon releases its Q2 2020 earnings, and the market is on a limbo already – Amazon share price trades well above the 3k mark, being one of the key stocks driving Nasdaq 100 higher. In fact, together with Tesla share price, Amazon is responsible for the […]
One of the most interesting things when trading financial markets is to interpret correlations. They can help you trade and understand the markets better. In this special article, we take a look at the EURUSD vs Dow Jones correlation.
In fact, the exact opposite happened, with market participants wondering if this is not just another case of buy the rumor sell the fact. Since the start of the trading week, one of the most active currency pairs was the EUR to GBP, as the exchange rate traded with a […]
The price of gold (XAUUSD) is on every investor’s mind since the start of the COVID-19 financial crisis. The pandemic brought unprecedented recessionary conditions, as no other period in the world’s history brought simultaneous recessions in so many countries around the world. The policymakers’ response did not disappoint – central […]
If there is one company that outperformed the market since the COVID-19 outbreak, it is Tesla. Its share price rose parabolically, defying gravity at a time when most investors were afraid to put capital at work on the stock market. Many reasons are behind Tesla share price performance this year […]
Over the past five weeks, the Dow Jones has consolidated in a relatively tight range of three-thousand points. No matter the daily economic news, good or bad, Dow Jones seems stubborn enough to remain close to its all-time highs. Unlike Nasdaq 100 that put a new all-time high after the […]