Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.
EUR/USD is traded near a strong resistance area, so a sell-off could appear soon. The price action has a printed bearish engulfing which is seen as a reversal pattern. As you already know, the USD was into a corrective phase versus its rivals as the USDX retreated a little. Though, the US Dollar Index maintains […]
GBP/NZD increases at the time of writing being located at 1.9558 versus 1.9532 today’s low. Still, the rebound could be only a temporary one after the last sell-off. Technically, the pair has developed a reversal pattern, so it is expected to extend its decline. The price action signaled that GBP/NZD may approach and reach fresh […]
USD/JPY plunged in the short term after reaching the 110.96 level. It has dropped as the USDX and JP225 have decreased as well. Still, the current correction could be only a temporary one. The US Dollar Index is into a corrective phase which could end tonight after the FOMC Meeting Minutes. A new leg higher […]
GBP/CAD is trading in the red at 1.7403 level and it could decrease a little before resuming its rebound. The price continues to move sideways trying to accumulate more bullish energy. The Pound is fighting hard to recover after yesterday’s massive drop. On the other hand, the Canadian Dollar seems vulnerable versus some of its […]
EUR/NZD rallies in the short term after ending its temporary correction. The price has found strong support and now it has turned to the upside again. The pair is strongly bullish and it could approach and reach other upside targets. The Euro-zone Final Services PMI increased from 48.8 to 49.6 beating the 48.8 estimates, while […]
UK100 (FTSE) is traded at 6820.2 at the time of writing, higher versus 6755.6 today’s low. It has jumped above the former high signaling strong bulls and more gains ahead. GBP’s aggressive drop registered today may help the UK100 stock index to resume its growth. The price action indicates an upside pressure after the latest […]
GBP/JPY reached a strong dynamic resistance and now it could develop a correction. The price is traded at 152.81 at the time of writing, a new lower low could signal more declines. Technically, a temporary retreat is natural and somehow expected after the most recent growth. GBP is strongly bearish and it loses ground versus […]
USD/JPY decreased a little after reaching the 110.83 level. Now it moves sideways within a potential continuation pattern. The pair decreased a little as the USDX and JP225 slipped lower. Still, further growth registered by these two indexes may bring a new momentum. Better than expected US data reported later today could boost the pair. […]
NZD/USD seems ready to get out from a minor range signaling more gains ahead. The price action has developed a Double Bottom reversal pattern. So, the pair could come back higher in the short term. The US data has come in mixed on Friday signaling that the USD could depreciate in the short term. It […]
