Fx-jomic

Fx-jomic

EUR is trying to settle above the nearest résistance 1.2174 despite the new lockdowns EUR remains bullish against US dollar the price is trending above its 240 & 50 MA and support level look for buying opportunity as long as 1.2124 is your support level 1.2124

Fx-jomic

OPEC announced yesterday that demand for oil will total 95.89 million barrels per day (bpd) in 2021 compared to its previous forecast of 96.26 million bpd. The first-quarter demand estimate was cut by as much as 1 million bpd from 94.96 million bpd to 93.97 million bpd. Continued problems with coronavirus in Europe served as the main catalyst for this...

Fx-jomic

ETH USD couldn't break the cycle price is expanding between the S&R green lines at the moment the 1hr chart is trending above the 50MA and might retest the resistance level look for buying opportunities on short time frames

Fx-jomic

WTI traders have been waiting this news for long time Oil bulls are riding relatively higher on prevailing fundamentals on reports coming from the U.S Food and Drug Administration, which approved the COVID-19 vaccines manufactured by the leading American drug maker Pfizer. there is clear connection between energy sector and the vaccines especially oil at time...

Fx-jomic

The European Central Bank had a chance to shoot the EUR/USD down, but blew its chance and I think this has potentially paved the way for a rally towards the 1.25 handle next. Relief that the ECB chose not to intervene in the FX markets more meaningfully than just saying it was monitoring the exchange rate developments, and the fact that its easing measures were...

Fx-jomic

a weak ahead for GBP USD! The pound moved off session lows Friday despite the EU warning that a no-deal Brexit would be the most likely outcome as both sides are unlikely to reach a post-Brexit trade agreement by the Sunday deadline.GBP/USD fell 0.52% to $1.3222, though had been as low as $1.3135. European Commission President Ursula von der Leyen said a no-deal...

Fx-jomic

U.S. West Texas Intermediate crude oil futures are edged lower on Friday but remained in a position to post a sixth week of gains, as the rollout of novel coronavirus vaccination programs fed hopes that demand for fuel would rebound next year. Traders are largely ignored the massive build in U.S. crude inventories, which is signaling an abundant crude oil...

Fx-jomic

ETH USD came back and retest the support line, am still bullish on ETH USD as you can refer my last analysis the pair is developing some kind of uptrend move most of the traders are watching the break of $562 look for buying aporrunties on ETH USD

Fx-jomic

EUR/USD is bullish. The price found support zone at 1.2110 so we will possibly see a bounce. from this 1.210 level look for buying opportunities as long as 1.2110 is your support level with take profit target 1.2160

Fx-jomic

yesterday UK reported that Industrial Production grew by 1.3% month-over-month in October while Manufacturing Production increased by 1.7%. Both reports were better than analyst estimates. Today, GBP/USD will remain very sensitive to any Brexit news so we should be prepared for fast news-driven moves.

Fx-jomic

yesterday WTI managed to get above the $47 leve, as traders increased their bets on the recovery of oil demand. This means that the oil market has easily managed to shrug off bearish inventory data as traders focused on the future. and at the moment oil price is looking for support zone and that support might be $46.56 ,look for buying opportunities on oil

Fx-jomic

The pound has fallen significantly during the trading session on Thursday as we continue to see a lot of noise around Brexit. That being said, the market has reached towards the 1.3250 level, which is an area that has offered support a couple of times recently. look for buying opportunities as long as the price is trending above 1.3250

Fx-jomic

ETH USD is about to complete the cycle gap between $538-- $602 price now is trending below the 50MA which look fake breakout in my opinion buyers are looking for support point which seems to be $568 look for buying opportunities above $568

Fx-jomic

The EUR/USD is building a bull flag This is an indication that the uptrend is expected to soon continue. But price action must remain above the critical 1.20 support zone. Otherwise the bulls are losing control. you can catch this wave by two ways wait the price to break the 50MA at 1.21 or wait for bull back and catch it from the bottom support area,

Fx-jomic

At this point, the main question is whether oil traders are bullish enough to ignore the shocking inventory report. Currently, oil is moving lower which is not surprising after such a report. However, oil needs to settle at $45 level to have a chance to develop upside momentum. Currently, oil is supported by vaccine optimism and hopes for a new round of U.S....

Fx-jomic

AT 10:53 pm the EUR/USD is trading 1.2100, or( -0.06%.), the market remains ‘jittery” as all eyes remain on Boris Johnson’s meeting in Brussels, with any breakthroughs likely to work in the pound’s favor. Traders are also monitoring the surge in coronavirus cases as well as the start of vaccinations in the U.K, and the on-going fiscal stimulus negotiations in...

Fx-jomic

after a nice sell off we finally found support at $536 on the other hand the daily cart is showing down trend move i think the price will set a ties with the previous resistance line at $585 look for buying opportunities on the 1hr time frame,

Fx-jomic

what's up with GBP USD? interestingly, the market remains optimistic. British pound suffered several sell-offs in recent days, but each sell-off was quickly bought by traders who were willing to bet on a successful outcome of Brexit negotiations. Most likely, the pound will remain highly volatile for the rest of the week