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.
GBP/JPY rallied today as the Nikkei has managed to increase. We have a strong positive correlation between these two. The pair was bullish despite its sideways movement. Now, it has managed to break above the former highs signaling strong buyers. The British Pound has received a helping hand from the Final Manufacturing PMI. The economic […]
Gold continues to stay within the minor triangle and inside of the descending pitchfork’s body. The outlook is bullish, so we can search for long opportunities. The Dollar Index drops again signaling that the yellow metal could jump higher. The US is to release the ADP Non-Farm Employment Change and the ISM Manufacturing PMI high-impact […]
GBP/USD rallied after reaching 1.3733 today’s low. In the short term, it’s still bullish despite the temporary decline. The Dollar Index is bearish, so it could drop anytime again. Technically, we can still search for long opportunities in GBP/USD. The USD has taken a hit from the US Pending Home Sales indicator which has registered […]
USD/CHF rallied in the last hours and now it stands at 0.9178 level below 0.9185 today’s high. It has increased as the Dollar Index has managed to rebound. Surprisingly or not, USD increases even if the US data has disappointed earlier. The US Prelim GDP increased only by 6.6% below 6.7% expected. Also, the Unemployment […]
EUR/JPY is trading in the green at 129.02 level and it seems determined to take out the immediate resistance levels. The pair is at resistance, so we’ll have to wait for a valid breakout before considering going long. The bias is still bearish, that’s why we have to wait for confirmation that EUR/JPY will develop […]
USD/SGD moves sideways in the short term. It has decreased a little, but the bias is still bullish. That’s why we could still search for long opportunities. The Dollar Index has continued to increase, so the greenback could resume its appreciation. USD has received a helping hand from the US Unemployment Claims in yesterday’s session. […]
EUR/GBP increases at the moment of writing signaling strong buyers and a potential upside continuation. In the short term, it has decreased a little trying to attract more buyers before jumping higher. The Euro has received a helping hand from the Euro-zone Current Account. The economic indicator was reported at 21.3B versus 12.3B expected and […]
EUR/USD drops right now only because the Dollar Index stays higher. DXY’s further growth could force the pair to resume its drop. The pair has found temporary support and now it’s fighting hard to stay above the weekly pivot point (1.1768). The US Retail Sales is expected to drop by 0.2% in July versus 0.6% […]
AUD/JPY rallied in yesterday’s trading session signaling that the downside is limited. It stands below the immediate downtrend line, so an upside breakout may signal continuation. It has moved sideways in the short term, but this sideways it cannot last indefinitely. JP225 Technical Analysis! JP225 (Nikkei) has registered a valid breakout through the descending pitchfork’s […]
