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NZDUSD Market Analysis | December 29, 2020 The currency pair trades near the last day high at 0.713, and it is clinging to the short-term descending trend-line concurrently. December 28 decline made a low at 0.7083, and it couldn't rose as high as 0.7139. The USD gained value over Donal Trump's approval of the stimulus package. However, the bullish mood resumes, and the dollar weakens. Short-term resistance dens at 0.7140 round-figure followed by 0.71715. There will be more room for the NZD if 0.7140 invalids. Support nests at December low 0.7005.

EURUSD Market Technical & Fundamental Analysis | December 28, 2020 EURUSD upside momentum increased speed at the current trading session as expected. The greenback is the 2020 overall loser. However, a weak dollar could lead the U.S to a faster recovery from the economic recession. At this stage, the optimism weighs on the euro. Initial resistance is 1.226 followed by 1.227 round-figure. The current trade zone my witness a pullback to 1.2215. On the other hand, a clear penetration in the said level (1.226) provides new bullish entries.

EURUSD Market Technical & Fundamental Analysis | December 28, 2020 EURUSD upside momentum increased speed at the current trading session as expected. The greenback is the 2020 overall loser. However, a weak dollar could lead the U.S to a faster recovery from the economic recession. At this stage, the optimism weighs on the euro. Initial resistance is 1.226 followed by 1.227 round-figure. The current trade zone my witness a pullback to 1.2215. On the other hand, a clear penetration in the said level (1.226) provides new bullish entries.

The market legged down to 0.700 psychological level. Zooming out to 1H chart, awaiting price action before placing a new bid.

EURUSD has firmly closed below 1.2176, the downward movement is likely to continue to 1.21.

GBPUSD Slumps amid the followings Traders are afraid of the travel banns to the UK. France, Germany, and Italy have terminated flights to England for 48 hours. The prohibition might extend. BREXIT deadline is a lame cliché nowadays The VIU-202012/01 is responsible for the quick spreads in the UK The UK harbors and borders are shutting down Support is at 1.3200 and 1.3100. Depending on the UK BREXIT deal and the new COVID variant, these areas could offer bids for bulls to get back behind the wheel.

EURUSD Market Analysis | December 10, 2020 EURUSD has maintained the uptrend after it broke the 1.2 resistance, and it made a fresh 2020 high successfully. Euro approaches the 2018 high at 1.255 gradually amid BREXIT impasse, and the ECB bond-buying scheme, which will be commented at the ECB last meeting of the year. The ECB is projected to add around €500 billion to its Pandemic Emergency Purchase Program (PEPP) ECB President Christine Lagarde could comment on the euro's rising exchange rate, which depresses inflation and exports. Any hints of cutting the deposit rate, which is at -0.50% would send the euro down. Unemployment rate is increasing, the ECB might vote for rate cut to control inflation. Support is at 1.2, bulls declined bears effort in breaching the said deck. EURUSD is considered strongly bullish above 1.2.

GBPUSD MARKET ANALYSIS UPDATE | December 6, 2020 BREXIT negotiations have yet to result in an agreement. Further talks continue during the weekend. As per recent updates, the negotiations are going slow while the UK Telegraph points out a weekend conference between UK PM Johnson and French administration Macron. It also mentions an unnamed UK source speaking, “Our hopes of any movement on Friday are pretty much gone now”, with Monday now set as the informal deadline for a deal by Downing Street. On the other hand, the U.S contagious disease expert Mr. Anthony Fauci withdrew on Thursday for pitching uncertainty on the rigor of the British regulators who approved the Pfizer Inc vaccine on the COVID-19, saying he had confidence in the quality of their work, per Reuters.

GBPUSD MARKET ANALYSIS UPDATE | December 6, 2020 BREXIT negotiations have yet to result in an agreement. Further talks continue during the weekend. As per recent updates, the negotiations are going slow while the UK Telegraph points out a weekend conference between UK PM Johnson and French administration Macron. It also mentions an unnamed UK source speaking, “Our hopes of any movement on Friday are pretty much gone now”, with Monday now set as the informal deadline for a deal by Downing Street. On the other hand, the U.S contagious disease expert Mr. Anthony Fauci withdrew on Thursday for pitching uncertainty on the rigor of the British regulators who approved the Pfizer Inc vaccine on the COVID-19, saying he had confidence in the quality of their work, per Reuters.

Casual Market Update | GBPUSD December 2, 2020 Minor support emerged at 1.3286. The bearish push likely be seen around 1.3120 if the said deck invalids.

GBPUSD Technical Analysis December 2, 2020 Bulls effort in declining the 1.3479 resistance wasn’t yet sufficient. GBPUSD tumbles amid the vaccine confirmation by the U.K! Support is at 1.3.

EURUSD Analysis December 2, 2020 EUR/USD rises among vaccine optimism, notwithstanding Biden's China comments The pair floats above 1.205 as the UK confirmed the Pfizer/BioNTech vaccine, and as the U.S politicians consider to inject the small business, and households with a stimulus package. Technical Standpoint Monthly overview The EUR rose above the descending trend-line that was valid from July 2008 until August 2020. The above mentioned trend-line was the biggest barrier for the bulls to break through. Stochastic hovers in the overbought zone Daily Overview Now that the bulls pushed above the 1.2 resistance, the path is paved to address the hunger to cap the next support at 1.22 followed by 1.255. Stochastic hovers in the overbought zone

EURUSD Analysis December 2, 2020 EUR/USD rises among vaccine optimism, notwithstanding Biden's China comments The pair floats above 1.205 as the UK confirmed the Pfizer/BioNTech vaccine, and as the U.S politicians consider to inject the small business, and households with a stimulus package. Technical Standpoint Monthly overview The EUR rose above the descending trend-line that was valid from July 2008 until August 2020. The above mentioned trend-line was the biggest barrier for the bulls to break through. Stochastic hovers in the overbought zone Daily Overview Now that the bulls pushed above the 1.2 resistance, the path is paved to address the hunger to cap the next support at 1.22 followed by 1.255. Stochastic hovers in the overbought zone

The stochastic is moving toward the overbought zone, indicating the market might be saturated with buying.

GBPUSD Technical Analysis December 1, 2020 The decline has been valid since November 2007. The descending trend line emerged after the conduction with July high at 1.719. The bears are in rule as far as the market trades below the downward trend-line.

Wednesday November 25, 2020 EURUSD capped the November high at 1.1919. This is the last frontier for the bulls to beat in order to drag the market to the September high at 1.2011, and the break of that level seems likely. There is a short-term opportunity for bears with risk above 1.1919, and with gain around 1.1800. However, citing the bulls strength and the upside momentum, opening high volume sell positions don’t seem logical.

Wednesday, September 16 The support 1.1752 withholds, meaning the upside movement continues as the bull's power indicator shows more positive values. We expect the market faces the resistance at 1.200. On the contrary, a breach in 1.1752 resistance indicates the 1.200 peak is valid, and forming a new low will be expected in the upcoming days.

Technical Analysis EURUSD July 16, 2020 The EURUSD couldn't control to continue for a long time above 1.1420 resistance. Sell demand will be expected for today. Please note that breaching 1.1420 and operating above it will end the bearish scenario, and the uptrend will resume. The expected trading range for today 1.1300 and 1.1450

GBPUSD overbought was brought into our attention by the stochastic indicator. The currency pair is experiencing pullbacks toward 1.2530. This post will be updated soon.

Thursday July 9, 2020 New high 1.1371 Market orientation: Bullish Key support: 1.1167 The EURUSD stabilized itself above the broken channel since July 6. Bulls have made a hole in the resistance 1.1350. The market pullback could be considered as a new correction before a new push. Bullish scenario The new high is at 1.1370 The secondary target depends on the breach in the new high. Bearish scenario If USD gains enough value to breach the 2x trend line, the market pullback may proceed in the lower levels around 1.1250 continued by 1.1200.