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.
Silver is traded at 24.807 at the time of writing and it could try to resume its rebound after ending the temporary decline. XAG/USD could continue to increase in the short term if the US Dollar depreciates versus the other major currencies. The price has rallied since last week reaching 25.050 today. Now it has […]
Gold rallied in the short term and now it stands at 1,729 level right below a critical resistance level. As you already know, the yellow metal was into a corrective phase after reaching the 2,075 all-time high in August 2020. The price has found strong support and now it has turned to the upside. Technically, […]
EUR/USD found strong support right above 1.17 psychological level and now it has turned to the upside. Technically, a temporary rebound could be natural after the most recent massive drop. Still, you should be careful as the US NFP, Unemployment Rate, and the Average Hourly Earnings could bring high volatility later today. EUR/USD rallies in […]
Natural gas is trading in the green at 2.660 trying to escape from a minor range. The price has broken above the downtrend line signaling that we may have a bullish reversal in the short term. The price action has signaled a potential growth, but we still need strong confirmation before taking a long position. […]
EUR/AUD trades at 1.5518 level and it seems determined to resume its growth after breaking above the downtrend line. The price printed a chart pattern in the short term, so an upside valid breakout may confirm upside momentum. The pair was into a corrective phase and not it could turn to the upside in the […]
US100 (Nasdaq 100) trades at 13,118 level and it seems determined to resume its growth if it jumps above the former highs. The downside seems limited after its failure to confirm a broader corrective phase. The index rallies after the US released the ADP-Non Farm Employment Change. The economic indicator was reported at 517K higher […]
US Oil (WTI) dropped in the short term after reaching a resistance area. Actually, a temporary decline was somehow expected after the amazing rally started in November 2020. Everyone’s wondering if the corrective phase will continue after the short-term rebound from 57.28, or the US Oil price will resume its major, long-term, uptrend. Personally, I […]
AUD/USD drops like a rock in the short term after ending its temporary rebound. USDX’s further growth may force the pair to drop deeper. The USD has taken the lead again after the US CB Consumer Confidence jumped from 90.4 to 109.7 points beating the 96.9 expectations. The greenback needed a bullish spark from the […]
EUR/CHF trades higher at 1.1064 level after retesting some immediate support levels. The pair escaped from a continuation pattern, so now is somehow expected to resume its swing higher. Still, we need confirmation before going long on this pair. The German Import Prices registered a 1.7% growth in February which is good for Euro. On […]
