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.
Gold is traded at 1,831 lower versus 1,843 Friday’s high signaling exhaustion in the short term after the last bullish momentum. The yellow metal has rallied as the USD has resumed its depreciation after poor NFP data. XAU/USD was bullish, so the upwards movement was somehow expected. Now it has reached strong resistance, so we […]
GBP/USD is trading in the red at the moment of writing but the bias remains bullish. The pair moves sideways within a narrow range. Its failure to confirm a deeper decline in the short term signaled an upside breakout. The US NPF, Unemployment Rate, and Average Hourly Earnings data could be crucial for USD today. […]
EUR/JPY was into a corrective phase after reaching the 132.36 level. It has declined as much as 130.98 where it has found support again. Now it has rebounded jumping above the immediate downtrend line signaling that the swing lower could be over. Euro could resume its appreciation if the German Factory Orders and the Euro-zone […]
AUD/JPY has decreased a little in the short term after escaping from a major range. It has come back down to test and retest the immediate support levels before jumping higher again. The Japanese Yen was strong in the short term only because the Nikkei (JP225) dropped. Still, the Japanese stock index maintains a bullish […]
US Oil rallied in the short term and now is located at 66.51 versus 66.17 yesterday’s high. The price of oil opened with a gap up today signaling strong buyers. It remains to see how the price will react in the coming hours as the rate has reached a strong resistance area. The outlook is […]
GBP/JPY dropped aggressively in the short term and now is pressuring a support area. It’s traded at 151.41 at the time of writing lower versus 152.40 yesterday’s high. The Japanese Yen could start decreasing again if the Nikkei (JP225) jumps higher after its minor decline. The Pound is still bullish versus its rivals, so it […]
GBP/USD edged higher in the last hours and it could validate further growth soon. The rate has moved sideways in the short term accumulating more bullish energy. USDX’s current sell-off ahead of the FOMC forces the greenback to drop versus its rivals. The US Dollar Index maintains a bearish outlook after the most recent temporary […]
US Oil (WTI) has decreased a little but the correction seems over after failing to take out the immediate downside obstacles. The major uptrend is still intact, that’s why we could see further growth. The US is to release the Crude Oil Inventories later today. The indicator is expected to drop again in the negative […]
GBP/SGD found support again on the 1.8381 level and now could start increasing again. The false breakout above the downtrend line has sent the rate down in the short term. Still, the bias is bullish after the rate failed to stabilize below the 23.6% retracement level in the last weeks and attempts. The pair moves […]
