EUR/USD turns below 1.10 as market mood eases

EUR/USD has dropped below 1.10 as the market mood improves. Earlier, it hit three-week highs as the stock market crash and rush into bonds is raising the chances of the US Fed cutting rates. Further coronavirus headlines are awaited.

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Crypto summer will be back in the next spring

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WTI erodes over 4% amid coronavirus rout, $44.35 closer

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BTC/USD battle between the bears and the bulls in full swing

Bitcoin price is still bearish despite attempts to push it towards $10,000. Volatility levels in the cryptocurrency market continue to mount especially for the major cryptos such as Bitcoin, Ethereum and Ripple.

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Ethereum Price Analysis: ETH/USD head-and-shoulders pattern breakout eyes $300

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Ripple Price Weekly Forecast: XRP/USD bleeds back to the drawing board

Ripple price alongside other cryptocurrencies has had a rough week, to say the least. I had reported that the crypto market was grinding north on Friday last week. 

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LTC/USD re-enters the 20-day Bollinger Band following bullish action

LTC/USD managed to chart a second consecutive bullish day and re-entered the 20-day Bollinger Band. In the early hours of Friday, LTC/USD went up from $61.75 to $62 and is hovering above the green Ichimoku cloud.  The MACD indicator shows sustained ...

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EUR/USD: The sell-off on the dollar is similar to the sell-off on the yen last week [Video]

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AUD/USD Analysis: Bearish momentum to continue

SPECIAL YEARLY FORECAST

Markets' lean season has lasted two full years and while those are not yet over, flush times are looking more and more likely for this 2020. EUR/USD news: The beginning of the end of the trade war? Ever since hitting 1.2537 in January 2018, the EUR/USD pair has been on a selling spiral that set a multi-year low of 1.0878 just two months ago. The level can hardly be considered an interim bottom when just considering the following price’s recovery, but the focus this time shouldn’t be put on technical readings, but in politics.



Yohay Elam

The spread of coronavirus has weighed heavily on stock markets and sent investors to safe havens. However, after a few days of gains, the yen has returned to dominate safe-haven flows and the precious metal is falling. However, XAU/USD may begin moving up.

The Technical Confluences Indicator is showing that Gold's most significant cluster of lines is below it, while resistance is weaker. Considerable support awaits at $1,627, which is the convergence of the Pivot Point one'month Resistance 1, the previous 1h'low, and the Bollinger Band 1h-Lower.

Another cushion awaits at $1,633, which is the meeting point of the Simple Moving Average 200-1h and the Fibonacci 23.6% one-week.

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