Category: Market Trends

The 2020 US presidential election day is just around the corner: it is scheduled for Tuesday, November 3. The candidate from the Republican party is the current president, Donald Trump, while the candidate from the Democratic party is Joe Biden. Given the COVID-19 circumstances and many other factors, the outcome of this year’s election is going to be significant and it will be reflected in market movement as well. Why is it important? Not every presidential election is followed so closely by the media, but when it comes to political…

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The S&P500 index, after many weeks of almost uninterrupted growth and the setting up successive ATHs, stopped at 3338. The daily candle of 17 January and another one formed an inside bar. The next few days were attempts to break it up and down, but at the end of the session the index always returned to the inside bar formation. It wasn’t until Friday, January 24th, that the breaking down proved effective and the index started moving south. Monday’s opening took place with a downward gap , which was closed…

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GBP/USD trading signal On H1 timeframe GBP/USD broke above the resistance level at 1.2950, which was holding the price for three previous trading days. On Wednesday pound broke psychological resistance at 1.3 and jumped above 1.31 level. Right now the pair stays above both 50 Moving average (red line) and 200 Moving average (blue line), which is an indication of a bullish trend, so that I do expect the pair to move higher. Scroll down to see the signal details with my SL, TP and entry levels for USDJPY. XAU/USD…

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Our Free Trading Signals for GBP/USD, EUR/USD, ETH/USD and BTC/USD include technical outlook as the following: GBP/USD trading signal On H1 timeframe GBP/USD broke above the bearish channel, where the price was staying for the last 5 days. On Thursday GBP/USD retested 200 Moving average (blue line). Right now the pair stays above both 200 Moving average and 50 Moving average (red line), which is a sign of a bullish trend. I’m looking for buy orders at the moment. Scroll down to see the signal details with my SL, TP…

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