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/USD dropped after reaching a static resistance level. Still, the decline could be only a temporary one as the pair is located above major dynamic support. The DXY remains under selling pressure, so a further decline should weaken the greenback. The price has declined a little after Friday’s rally. Technically, maybe it was a natural […]
USD/CAD moves sideways in the short term waiting for a bullish spark to be able to develop a new leg higher. Technically, the pair has shown oversold signs, but it is still premature to go long from here. The US needs strong support from the US economy to start increasing versus its rivals. The US […]
US Oil is traded at 68.69 at the time of writing, below 68.86 today’s high. The price has resumed its growth after the OPEC meeting. Technically and fundamentally, WTI could resume its growth in the short term. The price has rallied today signaling strong buyers. It has stabilized in the bull’s territory, so we could […]
Gold is traded back below the 1,900 psychological level after failing to stabilize above 1912.78 static resistance. The bias remains bullish despite the current drop as the yellow metal stands above strong support levels. The price has plunged in the short term also because the US ISM Manufacturing PMI has reported better than expected data. […]
US Oil decreased a little in the short term but the outlook remains bullish. It has decreased to test and retest the immediate support levels before jumping higher. Technically, the breakout above the near-term strong resistance levels signaled a potential further growth. Still, the rate could move sideways before resuming its upwards movement. The US […]
EUR/USD dropped and now it has reached and retested a support area. Technically, the pair is somehow expected to increase as the DXY is at resistance. Still, it remains to see how the price will react after the US data will be released today. The US data could shake the market in the short term, […]
GBP/JPY seems undecided in the short term after reaching the 154.82 high. The pair moves sideways showing some overbought signs. Still, the bias is bullish, so it is premature to talk about a strong corrective phase. It remains to see what will really happen in the short term. JP225 (Nikkei) stays higher and a potential […]
NZD/JPY changed little today, so it stands at 78.07 level at the momentum of writing. It has registered a strong sell-off on Friday and now it hovers above 77.93 level. The Japanese Yen could take full control again if the Nikkei drops again. Technically, the price action has signaled that the pair could develop a […]
Gold ended the week at the 1881.24 level signaling that the buyers are still strong despite temporary drops. The outlook is bullish, so we could still search for new long opportunities. Technically, XAU/USD has shown some overbought signs in the short term. Still, the rate could decline a little if it fails again to jump […]
