Follow market movement this january
Follow market movement this january
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China prepares for a big annual meeting to chart a growth strategy

The Chinese government is set to kick off an annual parliamentary meeting this week for approving national priorities for 2021. The gathering of delegates, known as the “Two Sessions,” has overseen such changes as President Xi Jinping’s abolition of term...

China prepares for a big annual meeting to chart a growth strategy
Weak data from Germany, Chinese bubble fears weigh on markets

On the first day of March, stock markets experienced the strongest rally in four months. On Tuesday, the optimism had faded somewhat for a number of reasons. China’s central bank spokesman is worried about bubbles in the housing market and...

Copper Wave Analysis 2 March, 2021

• Copper reversed from support level 410.00 • Likely to reach resistance level 436.20 Copper recently reversed up from the support level 410.00 (which has been reversing the price end the start of February). The support area near the support...

EURAUD Wave Analysis 2 March, 2021

• EURAUD reversed from resistance level 1.5700 • Likely to fall to support level 1.5300 EURAUD recently reversed down from the resistance level 1.5700 (which has been reversing the price from the start of February) – standing near to the...

Economic Events

Daily Outlook

Crypto Review

Institutions are taking profits in Bitcoin, and altcoins are selling off
Institutions are taking profits in Bitcoin, and altcoins are selling off

Bitcoin is hovering around $50K, unable to break away from that important round level for long. Nevertheless, the ability to hang on to such a high price level is already great news for the entire crypto market. The correction from...

A painful crypto correction or the end of the rally?
A painful crypto correction or the end of the rally?

The crypto market has turned red. On the second day of the week, digital currencies moved into a massive correction. Hardly anyone was surprised by the sell-off after such impressive growth; nevertheless, it is always much harder to accept the...

The dangers of FOMO for Bitcoin
The dangers of FOMO for Bitcoin

The crypto market is slowly recalling a long-forgotten sense of hype and FOMO. As Bitcoin rises, there are fewer sellers in the market. The market has forced the most cautious investors to close positions in the $20-$30K range. Around $50K,...

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Market Snapshots

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Copper Wave Analysis 2 March, 2021
Copper Wave Analysis 2 March, 2021

• Copper reversed from support level 410.00 • Likely to reach resistance level 436.20 Copper recently reversed up from the support level 410.00 (which has been reversing the price end the start of February). The support area near the support...

EURAUD Wave Analysis 2 March, 2021
EURAUD Wave Analysis 2 March, 2021

• EURAUD reversed from resistance level 1.5700 • Likely to fall to support level 1.5300 EURAUD recently reversed down from the resistance level 1.5700 (which has been reversing the price from the start of February) – standing near to the...

AUDUSD Wave Analysis 2 March, 2021
AUDUSD Wave Analysis 2 March, 2021

• AUDUSD reversed from support level 0.7730 • Likely to rise to resistance level 0.7870 AUDUSD recently reversed up from the support level 0.7730 (which has been reversing the price from the middle of February) – intersecting with the 61.8%...

Dax Wave Analysis 2 March, 2021
Dax Wave Analysis 2 March, 2021

• Dax broke daily down channel • Likely to reach resistance level 14200.00 Dax index continues to rise inside the minor impulse wave 3 which started earlier from the support level 13660.00 (which also formed the daily Hammer at the...

Gold Wave Analysis 1 March, 2021
Gold Wave Analysis 1 March, 2021

• Gold broke powerful support level 1766.00 • Likely to fall to support level 1700.00 Gold recently broke the powerful support level 1766.00 (which has been reversing the price from the end of  November). The breakout of the support level...

Cocoa Wave Analysis 1 March, 2021
Cocoa Wave Analysis 1 March, 2021

• Cocoa broke resistance level 2564.00 • Likely to reach resistance level 2658 Cocoa continues to rise strongly after breaking the resistance level 2564.00 (monthly high from January) – after it broke the daily down channel from December. The breakout...

USDCHF Wave Analysis 1 March, 2021
USDCHF Wave Analysis 1 March, 2021

• USDCHF broke resistance area • Likely to rise to 0.9200 USDCHF recently broke the resistance area located between the resistance level 0.9030 (top of the previous correction (A)) and the 61.8% Fibonacci correction of the previous sharp downward impulse...

EURJPY Wave Analysis 1 March, 2021
EURJPY Wave Analysis 1 March, 2021

• EURJPY reversed from resistance level 130.00 • Likely to reach support level 127.30 EURJPY recently reversed down from the resistance level 130.00 (previous upward target) – intersecting with the resistance trendline of the daily up channel from November. The...

GBPAUD Wave Analysis 26 February, 2021
GBPAUD Wave Analysis 26 February, 2021

• GBPAUD reversed from support area • Likely to reach resistance level 1.8030 GBPAUD recently reversed up from the support area lying between the pivotal support level 1.773, lower daily Bollinger band and the 50% Fibonacci correction of the previous...

MasterCard Wave Analysis 26 February, 2021
MasterCard Wave Analysis 26 February, 2021

• MasterCard reversed from major resistance area • Likely to fall to support level 350.00 MasterCard recently reversed down from the major resistance area located between the multi-month resistance level 366.30 (which stopped the sharp uptrend in August of 2020)...

EURNZD Wave Analysis 26 February, 2021
EURNZD Wave Analysis 26 February, 2021

• EURNZD reversed from multi-year support level 1.6410 • Likely to rise to resistance level 1.6800 EURNZD recently reversed up from the major support area located between the multi-year support level 1.6410 (which has been reversing the price from the...

EURAUD Wave Analysis 26 February, 2021
EURAUD Wave Analysis 26 February, 2021

• EURAUD reversed from support area • Likely to reach resistance level 1.6000 EURAUD recently reversed up from the support area lying between the long-term support level 1.5390 (which has been reversing the price from the middle of 2018) and...

Sugar Wave Analysis 26 February, 2021
Sugar Wave Analysis 26 February, 2021

• Sugar reversed from resistance area • Likely to fall to 17.00 Sugar recently reversed down from the resistance area located between the resistance level 18.00 (former strong support level from the end of 2016) and the upper weekly and...

EURUSD Wave Analysis 25 February, 2021
EURUSD Wave Analysis 25 February, 2021

• EURUSD broke key resistance level 1.2150 • Likely to reach resistance 1.2350 EURUSD currency pair recently broke the resistance level 1.2150 (which stopped the previous waves B and 1) intersecting with the 50% Fibonacci correction of the downward correction...

Soy Wave Analysis 25 February, 2021
Soy Wave Analysis 25 February, 2021

• Soy reversed from resistance area • Likely to reach support level 1350.00 Soy recently reversed down from the resistance area lying between the resistance level 1436.00 (which has stopped the previous impulse wave (1) at the start of January)...

3M Wave Analysis 25 February, 2021
3M Wave Analysis 25 February, 2021

• 3M reversed from support area • Likely to reach resistance 182.16 3M recently reversed up from the support area lying between the support level 173.95 (which has been reversing the price from the start of February) and the 50%...

CADJPY Wave Analysis 25 February, 2021
CADJPY Wave Analysis 25 February, 2021

• CADJPY broke key resistance level 84.40 • Likely to reach resistance 86.00 CADJPY continues to rise inside the sharp impulse wave 3 – which earlier broke above the key resistance level 84.40 (former monthly high from February and January...

EURGBP Wave Analysis 25 February, 2021
EURGBP Wave Analysis 25 February, 2021

• EURGBP reversed from support area • Likely to reach resistance level 0.8700 EURGBP recently reversed up from the support area lying between the support level 0.8600 (former major resistance from the end of 2019) and the lower daily Bollinger...

NZDCHF Wave Analysis 24 February, 2021
NZDCHF Wave Analysis 24 February, 2021

• NZDCHF under the strong bullish pressure • Likely to reach resistance 0.6800 NZDCHF under the strong bullish pressure after the active impulse wave 5 broke above the major resistance level 0.6660 (former multi-month high from the middle of 2019)....

Corn Wave Analysis 24 February, 2021
Corn Wave Analysis 24 February, 2021

• Corn reversed from key support level 530.00 • Likely to reach resistance 575.00 Corn recently reversed up from the key support level 530.00 (former resistance level from the middle of January – which stopped the previous impulse wave (3))....

CADCHF Wave Analysis 24 February, 2021
CADCHF Wave Analysis 24 February, 2021

• CADCHF broke resistance levels 0.7150 and 0.7200 • Likely to reach resistance 0.7250 CADCHF continues to rise sharply after the price broke the eth weekly up channel from last year and the resistance levels 0.7150 and 0.7200 (multi-month high...

Chevron Wave Analysis 24 February, 2021
Chevron Wave Analysis 24 February, 2021

• Chevron rising inside sharp impulse wave 3 • Likely to reach resistance 103.85 Chevron continues to rise inside the sharp impulse wave 3 – which previously broke above the major resistance level 95.00 (former monthly high from November, December...

American express Wave Analysis 23 February, 2021
American express Wave Analysis 23 February, 2021

• American approached long-term resistance level 137.60 • Likely to reach resistance 145.00 American express recently approached the key long-term resistance level 137.60 (which reversed the price in January and in February of 2020 –as can be seen below). The...

Soy Wave Analysis 23 February, 2021
Soy Wave Analysis 23 February, 2021

• Soy broke round resistance level 1400.00 • Likely to reach resistance 1435.00 Soy recently broke the round resistance level 1400.00 (which stopped the previous impulse wave (1) at the start of February –as can be seen below). The breakout...

GBPCHF Wave Analysis 23 February, 2021
GBPCHF Wave Analysis 23 February, 2021

• GBPCHF broke resistance level 1.2480 • Likely to reach resistance 1.2800 GBPCHF continues to rise strongly after the pair broke the resistance level 1.2480, intersecting with the 61.8% Fibonacci correction of the previous downward impulse from December. The breakout...

EURCHF Wave Analysis 23 February, 2021
EURCHF Wave Analysis 23 February, 2021

• EURCHF broke resistance area • Likely to reach resistance 1.0970 EURCHF under strong bullish pressure after the pair broke the resistance area lying between the resistance levels 1.0870 and 1.0900 (monthly high from June). The breakout of this resistance...

AUDCAD Wave Analysis 22 February, 2021
AUDCAD Wave Analysis 22 February, 2021

• AUDCAD broke key resistance level 0.9900 • Likely to test resistance level 1.0050 AUDCAD continues to rise after breaking through the key resistance level 0.9900 (which stopped the previous shaper upward impulse wave (1) at the start of January)....

Gold Wave Analysis 22 February, 2021
Gold Wave Analysis 22 February, 2021

• Gold reversed from key support level 1766.00 • Likely to rise to 1825.00 Gold recently reversed up with the daily Morning Star from the key support level 1766.00 (which stopped the previous medium-term impulse wave (A) at the end...

AUDCHF Wave Analysis 22 February, 2021
AUDCHF Wave Analysis 22 February, 2021

• AUDCHF broke resistance level 0.6940 • Likely to rise to 0.7150 AUDCHF continues to rise after the pair broke above the resistance level 0.6940 (which stopped the previous short-term impulse wave 1 at the start of February). The breakout...

Natural gas Wave Analysis 22 February, 2021
Natural gas Wave Analysis 22 February, 2021

• Natural gas reversed from resistance level 3.300 • Likely to reach support level 2.700 Natural gas under bearish pressure after the price failed to hold the ground above the key resistance level 3.300 (which stopped the previous sharp uptrend...

NZDUSD Wave Analysis 19 February, 2021
NZDUSD Wave Analysis 19 February, 2021

• NZDUSD broke resistance level 0.7250 • Likely to rise to resistance level 0.7315 NZDUSD currency pair recently broke the resistance level 0.7250 (which is the upper boundary of the sideways price range inside which the pair has been trading...

AUDJPY Wave Analysis 19 February, 2021
AUDJPY Wave Analysis 19 February, 2021

• AUDJPY broke resistance level 82.30 • Likely to rise to resistance level 84.00 AUDJPY currency pair recently broke the minor resistance level 82.30 (which stopped the previous minor impulse wave (iii) earlier this month). The breakout of the resistance...

AUDUSD Wave Analysis 19 February, 2021
AUDUSD Wave Analysis 19 February, 2021

• AUDUSD broke resistance level 0.7800 • Likely to test resistance level 0.8000 AUDUSD under the strong bullish pressure following the earlier breakout of the pivotal resistance level 0.7800 (which reversed the price multiple times from the start of January)....

NZDCHF Wave Analysis 19 February, 2021
NZDCHF Wave Analysis 19 February, 2021

• NZDCHF broke resistance level 0.6500 • Likely to reach resistance level 0.6550 NZDCHF rose sharply today – on improved risk sentiment (which is driving Swiss franc sales) – above the resistance level 0.6500 (top of the previous impulse wave...

Copper Wave Analysis 19 February, 2021
Copper Wave Analysis 19 February, 2021

• Copper reached resistance level 390.00 • Likely to test resistance level 400.00 Copper today broke above the resistance level 390.00 (which was set as the likely upward target in our previous forecast for this instrument). The breakout of the...

GBPCAD Wave Analysis 18 February, 2021
GBPCAD Wave Analysis 18 February, 2021

• GBPCAD approached key resistance level 1.7670 • Possible downward correction to 1.7600 GBPCAD has been rising in the last few trading sessions and is currently trading near the key multi-month resistance level 1.7670 (which stopped the previous wave (B)...

EURAUD Wave Analysis 18 February, 2021
EURAUD Wave Analysis 18 February, 2021

• EURAUD under bearish pressure • Likely to test the support level 1.5400 EURAUD under bearish pressure after the price broke the key support level 1.5600 (which stopped the price twice in the middle of January). The breakout of the...

Sugar Wave Analysis 18 February, 2021
Sugar Wave Analysis 18 February, 2021

• Sugar broke the key resistance level 17.00 • Likely to rise to 18.00 Sugar recently broke the key resistance level 17.00 (which stopped the previous minor impulse wave (i) in the middle of this month). The breakout of the...

AUDCHF Wave Analysis 18 February, 2021
AUDCHF Wave Analysis 18 February, 2021

• AUDCHF reversed from support level 0,6910 • Likely to rise to 0,7000. AUDCHF recently reversed up from the support level 0,6910 (former resistance from the middle of January, acting as the support after it was broken previously). The upward...

Coffee Wave Analysis 18 February, 2021
Coffee Wave Analysis 18 February, 2021

• Coffee reversed from support level 120,00 • Likely to rise to resistance level 128,70 Coffee recently reversed up from the key support level 120,00, standing near the lower daily Bollinger Band and the 38,2% Fibonacci correction of the previous...

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Brokers News

Trading schedule changes on US Presidents’ Day
Trading schedule changes on US Presidents’ Day

Please pay attention that on February 15, 2021, the trading schedule for several instruments will be changed due to US Presidents’ Day. The above schedule may be subject to change. You can see more information on the trading schedule here.

Trading schedule changes on Chinese New Year & Festival
Trading schedule changes on Chinese New Year & Festival

From February 12-17 the trading schedule for several instruments will be changed due to Chinese New Year & Spring Festival. The above schedule may be subject to change.You can see more information on the trading schedule here.

Tesco’s share consolidation & special dividend
Tesco’s share consolidation & special dividend

As per a recent announcement, Tesco PLC will consolidate its existing ordinary shares and pay a special dividend to its shareholders.  Specifically, for every 19 existing shares, investors will receive 15 new shares. Additionally, a 50.93 pence special dividend will...

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Brexit

Pound Optimism Fades Along With Brexit Glow for Asset Managers
Pound Optimism Fades Along With Brexit Glow for Asset Managers

The pound’s Brexit deal honeymoon looks well and truly over, with the currency off to the worst start to the year among its Group-of-10 peers. Allianz Global Investors has taken a short position on sterling against the euro, citing the...

The Brexit deal leaves the future uncertain for financial services — here’s what is at stake
The Brexit deal leaves the future uncertain for financial services — here’s what is at stake

Britain formally left the European Union’s trade bloc on Dec. 31, marking a new era for the U.K.-EU relationship. After months of wrangling, new rules for trade were finally agreed just days before the year-end deadline. But in a document...

UK and EU strike historic post-Brexit trade deal
UK and EU strike historic post-Brexit trade deal

Britain and the European Union agreed Thursday on new Brexit trading arrangements more than four years after the U.K. voted to leave the bloc, narrowly avoiding a potentially disastrous no-deal scenario. The two sides reached a “zero tariff-zero quota deal”...

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03/03/21 | 12:30 (GMT)
GBP | Annual Budget Release !!!
EURGBP 0.86490
GBPJPY 149.214
GBPUSD 1.39704