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.
The GBP/USD price was into a temporary retreat after taking out a major dynamic resistance.Still, in the short term, the bias is bullish. The pair could jump higher after the current decline. The price action signaled that the short-term decline ended and that the bulls could take full control again. GBP/USD will be driven by […]
EUR/JPY dropped a little in the short term, but the current retreat is only a temporary one. It has slipped lower within a minor flag, a down channel. It’s located at the 132.44 level at the time of writing above 132.15 today’s low. The bias is still bullish, so the pair could jump higher anytime […]
USD/CAD is traded in the red at 1.2633 at the time of writing, but the bias is bullish after the US ADP Non-Farm Employment Change reported better than expected data earlier today. The indicator was reported at 568K compared to 425K expected. The Dollar Index is bullish and it stands right below a dynamic resistance. […]
USD/JPY is trading in the red at 111.08 at the moment of writing. It has slipped lower only because the DXY and JP225 dropped a little. The currency pair signaled that the corrective phase could be over, so we could search for new long opportunities. Later, the US ISM Services PMI is expected to drop […]
USD/CHF was into a corrective phase but the pair has found strong support and now is fighting hard trying to rebound. Stil, we need confirmation before taking action, before jumping into a long position. The USD received a helping hand from the New Home Sales indicator which was reported at 740K above 712K expected and […]
USD/JPY edged higher as the Japanese Yen was weakened by the JP225’s (Nikkie) growth. Technically, the pair has shown oversold signs, so an upwards movement was somehow expected. Surprisingly or not, the pair resumes its growth even if the United States economic figures have come in worse than expected. The Yen started to depreciate aggressively […]
EUR/NZD rallies and is pressuring a resistance area. The price action signaled that the pair could develop an important swing high after failing to confirm a deeper drop. Technically, we still need confirmation before considering going long. The Euro received a helping hand from the German PPI which has reported a 1.5% growth compared to […]
USD/CAD has decreased a little today after reaching 1.2695 level. It has dropped as much as 1.2660 where it has found demand again. Technically, the price has escaped from a reversal pattern, so an upside movement is natural and expected. Also, the Dollar Index is still very strong. A valid breakout through 92.80 level could […]
Gold rallied right after the Non-Farm Payrolls data was released. As you already know, the indicator was reported at 235K in August versus 720K expected and compared to revised 1053K in July. The bias was still bullish before the US data release, so I needed confirmation before going long again. The Unemployment Rate dropped from […]
