DariusAnucauskas

DariusAnucauskas

Looking at the technical picture of EASYMARKETS:BRTUSD on our daily chart, we can see that the commodity is currently trading in a small range, roughly between the 81.83 and 83.98 levels. At the same, on the bigger picture, the price remains between two trendlines: a short-term upside support line taken from the lowest point of December 2023 and a downside...

DariusAnucauskas

Trade Alert! It only took about 3 years to get back to that level, from where the CHF was "untied" against the Euro by the SNB.

DariusAnucauskas

Trade Alert.

DariusAnucauskas

USD/CAD has finally found a strong level of resistance at the psychological 1.30 mark. Twice it managed to hit that level now, which has proven to be too much for the pair to overcome. It is quite difficult now to predict the direction for the short-term, because on one side, the pair is looking strong and it is still within the upwards moving channel. But on the...

DariusAnucauskas

EUR/USD has been rallying since the 1st day of this month. This was due to the weakness in the USD Dollar for the same period. The pair found strong resistance at around 1.24350 area and now it is moving sideways, waiting for the ECB today. EUR/USD is still sitting on the overall long-term uptrend that started on the 1st of January last year. This momentum might...

DariusAnucauskas

Trade Alert

DariusAnucauskas

USDJPY was looking promising in the morning of the European session and it looked like it will continue heading up. But the pair got held by a good resistance level at around 106.350, which forced it to push towards the 105.550 area, where it is currently finding its support. Our bias is still to the downside, as the downwards-moving trendline, that started on...

DariusAnucauskas

Yesterday the Canadian Dollar surged before the US opening bell and we saw CAD gaining mainly against US Dollar and Japanese Yen. But still the currency wasn’t as strong as the other majors like AUD, EUR and GBP, where Canadian Dollar was still weaker. CAD sold-off again after the US markets closed, and we got the announcement that Gary Cohn is resigning....

DariusAnucauskas

Yesterday, GBP/JPY got flushed down the drain and dropped around 280 pips since the daily candle started forming. One of the main triggers for that were yesterday’s uncertainties around Brexit. GBP/JPY has broken its long-term running upwards trendline, that started in October 2016. Looking at the 4h chart, the potential outcome for today could be that we see a...

DariusAnucauskas

We have seen strong rallies in the US Dollar pairs yesterday, where the greenback is the base currency against its major counterparts. At the moment, we are seeing a strong short-term uptrend on the pair, that started on the 16th of February, which is still ongoing. USD/CHF has got a good resistance level at 0.94700 that could potentially be tested soon. But...

DariusAnucauskas

Yesterday, we saw EUR/JPY selling off the whole day, after the pair gave some hope for more upside on Monday. The downside momentum could continue as Euro weakness could stay here for a while. EUR/JPY is still on a downwards sloping trendline that is effective since the 2nd of February. The pair is currently meeting its strong support, which was last week’s...

DariusAnucauskas

USD/CAD had a strong day yesterday. The pair made about 90 pips from its open to its close. We have the US GDP figures coming out before the US opening bell that could again bring some more movement. The steep up-trend, that started on the 2nd of February, is still present and until that is violated, the longer-term direction is up. The 4h chart is still showing...

DariusAnucauskas

The index will be heavily watched as we get closer to Jerome Powell’s first appearance as head of the US Federal Reserve. His dovishness or hawkishness on the US inflation outlook could have a strong effect on the markets today, one way or another, bringing in some choppiness into the price action. Yesterday, the S&P 500 gained 1.18% on the day and closed high at...

DariusAnucauskas

USD/JPY has yet to decide on where does it want to make a move to. It is slowly getting into a squeeze and it seems like it is getting ready for a break towards one of the sides. The longer-term trend is still to the downside. There is also the shorter-term steeper downtrend that started on the 2nd of February and has been respected by the USD/JPY and has not...

DariusAnucauskas

EUR/JPY has been trading slightly sideways. On Monday and Tuesday we saw the pair closing the day in the green, but Wednesday’s session had a sharp move towards the 133 area, but closed the daily candle at around 132.100 level. Thursday was marked by continued selling, but it found support at 131.270 area. On the 4h chart, we can see that the price is being held...

DariusAnucauskas

This week, USD/CAD is unstoppable and the direction that it’s moving is only up. It managed to get above the high of around 1.26850 of the previous two weeks, and at the time of this analysis the pair is trading slightly above the 1.27 mark. The overall trend is still to the upside. This has been running from September 2012 and has not been broken yet. As for...

DariusAnucauskas

EUR/USD has been on a downslope this week, managing only to recover some of its losses on Thursday. Today we are seeing some negative activity in the pair’s price, where it made a significant move down from its yesterday’s highs of around 1.23520. The Euro is currently trading against the US Dollar below the upwards moving trendline, that started around...

DariusAnucauskas

US markets could come under pressure again this week with the US CPI release that is due to come out on Wednesday. Even with the recent sell-offs, S&P 500 is still on the overall upwards moving trendline. We would need to see a move back to its recent lows of around 2530 to consider shorting this market again. For now we are quite neutral on the S&P 500 and may...