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.
CAD/JPY changed little in the short term as the buyers are exhausted. The bias is bullish, so the pair could resume its growth soon. It’s trapped within a minor continuation pattern, a valid breakout from this formation may signal an upside continuation. The pair has slipped lower after worse than expected Canadian retail sales data. […]
USD/CHF is trading in the red on the H4 chart and it could drop deeper if the US data will disappoint later today. The pair drops as the DXY has resumed its temporary decline. The US Dollar Index moves down within a down channel. The US is to release its Flash Manufacturing PMI and the […]
EUR/USD has increased in the last hour and now is traded at 1.1905 level higher versus 1.1881 today’s low. Surprisingly or not, the USD has dropped even if the US Existing Home Sales indicator has reported better than expected data. The outlook remains bearish in the short term, but EUR/USD could develop a strong rebound […]
EUR/USD seems too oversold to resume its drop, so we may have a temporary rebound. The DXY seems overbought after reaching the 61.8% retracement level. Technically, the pair has developed a potentially bullish signal, but we still need confirmation. Technically, a rebound is natural after the last massive drop. The Euro-zone Current Account and the […]
GBP/JPY is trapped within a minor down-channel pattern. It’s traded at 155.09 level and is trying to stay near the resistance area. A valid breakout could really signal an upside continuation. In the short term, the pressure remains high. The pair was into a corrective phase after reaching 156.07 high. Now, the pair moves sideways […]
NZD/JPY was in a corrective phase but the rate seems oversold at the moment of writing. The price is located below strong dynamic resistance levels, so we have to wait for confirmation. The bias is still bullish despite the last decline. The Nikkei’s temporary decline helped the Yen to increase versus its rivals. JP225’s potential […]
USD/CAD extends its range movement ahead of the US inflation data. Surprisingly or not, the pair has rallied after the BOC and now is almost approaching critical resistance levels. First of all, the ECB could bring some action on the USD soon. The monetary policy could be left unchanged in today’s meeting. USD/CAD could register […]
EUR/USD has decreased a little in the short term but the bias remains bullish. The price has retested the weekly pivot point and now it looks ready to trade higher. The DXY is under big pressure right now ahead of the US inflation data released tomorrow. Today, the German Trade Balance increased from 14.0B to […]
Gold is traded lower at 1893.92 versus 1903.38 today’s high. The price has slipped lower trying to test and retest the support levels before jumping higher again. The bias is bullish, so the yellow metal could resume its growth anytime. The corrective phase has ended and now it could increase ahead of the US inflation […]
