The US unemployment rate report for the month of April was released which are as follows: – There are 20.5 million new unemployed; – Unemployment rate surges to 14.7%. As shown on the chart above, there can be no correct growth of the US market with such a trend. Thus, the US market can be […]

To open long positions on GBPUSD, you need: From a technical point of view, nothing has changed for traders. The pair never managed to update any of the levels that I indicated in my morning forecast, which is clearly visible on the 5-minute chart. At the moment, buyers of the pound are focused on the […]

To open long positions on EURUSD, you need: In the morning forecast, I paid attention to the probability of forming a false breakout in the support area of 1.0826 and recommended opening long positions from it in the continuation of the upward correction. If we look at the 5-minute chart, we can see how the […]

News: Open interest (OI) in bitcoin (BTC) options surpassed USD 1 billion ahead of the halving, with an exponential increase seen across all major marketplaces over the past week. Meanwhile, the bitcoin put-to-call ratio is also on the move, revealing some bearishness in the market. Although not unusual during bull runs in the spot market, […]

News: German exports see worst month-on-month decline since 1990 reunification Moving away from that very sad news now to Germany, where exports plunged by 11.8% in March, their worst month-on-month fall since the country’s 1990 reunification, statistics authority Destatis said Friday. The data illustrated the first monthly impact of the coronavirus epidemic on Europe’s biggest […]

Overview: The trend of EUR/USD pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.0796 and 1.0907. Also, the daily resistance and support are seen at the levels of 1.0725 and 1.0636 […]

Corona virus summary: UK will take “tentative steps” out of lockdown, says government minister Much of the Uk is on tenterhooks, waiting to see what lockdown measures – if any – will be relaxed on Sunday, when the prime minister Boris Johnson will make an announcement. While the UK government has talked down the extent […]

USDMXN seems to be completing a pennant formation on the daily chart after skyrocketing by almost 30% to enter the 25.00 zone in March. The pattern is expected to signal the continuation of the positive trend if the bulls manage to close decisively above the upper trendline. In this case, traders could look for resistance […]

Technical outlook: EUR/USD tested the backside of broken resistance trend line at 1.0766 before reversing higher yesterday. The single currency pair is seen to be trading around 1.0840 levels at this point in writing and it is expected to hold above 1.0766 from here. It seems that the consolidation going on since several trading sessions […]

Today we take a look at GBPCAD and see how we are going to play the bounce! We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today! The material has been provided by InstaForex Company – www.instaforex.com

The tensions created by the US-China trade war lost US oil about $ 4 yesterday. In addition, the quote did not manage to break through yesterday’s low, but stopped in its vicinity, thereby forming a “double bottom” in the D1 chart. I suggest that we consider the classic three wave with profit taking at the […]

Trading Recommendation Entry: 1711.48 Reason for Entry: Horizontal overlap support , trendline pullback Take Profit :11742.42 Reason for Take Profit: 127% fibonacci extension Stop Loss: 1668.68 Reason for Stop loss: Horizontal swing low The material has been provided by InstaForex Company – www.instaforex.com

The growth of the S&P 500, encouraged by good news, prevented the EUR / USD bears from storming support at 1.0770 and continuing their march downward. Statements by Fed officials that America will be able to avoid depression, as well as rumors about the expansion of fiscal stimulus in the United States and optimistic rhetoric […]

NZDUSD is extending price action above the 100- and 50-period simple moving averages (SMAs) after recently finding some traction at the 200-period SMA. Moreover, the slight incline in the SMAs backs the recent improvement in the pair. Turning to the short-term oscillators, they are suggesting that the price may continue to advance for now. The […]

GBPUSD is in the process to creating an ascending triangle pattern with strong resistance the 1.2640 barrier and a rising trend line, which starts from the low on April 7. The pair rebounded on 1.2265 in the preceding sessions and is now flirting with the 20-period simple moving average (SMA) in the 4-hour chart. Turning […]

There can be no hiding from the awful economic data that is now pouring in from all angles as we move well into the second quarter. Australian jobs, UK Q1 GDP, and US retail sales and inflation numbers will be the next key releases to showcase the virus turmoil. But amid growing optimism about the […]

From the point of view of complex analysis, we see a rebound in prices from the range level, and now let’s talk about the details. Most of the trading week passed in a downward direction and during which, the quote managed to decline to the level of 1.0775, and there was a slowdown on the […]

GBP/USD Analysis: The direction of the short-term trend of the British pound is set by the algorithm of the rising wave from March 18. Over the past month and a half, the price has moved sideways in a wide price range. Simplified wave analysis shows that the wave that started on April 30 completes the […]

The currency pair moves sideways in the short term according to the H4 chart, the H&S pattern was invalidated for now, but some good US figures today could bring this chart pattern to life. The US Non-Farm Payrolls indicator is expected at -22000K, far below the -701K in March, the Unemployment Rate could increase from […]

The report released on Thursday by the US Department of Labor revealed that more than 33 million Americans have filed initial jobless claims since quarantine. The number of standing claims, or the number of people receiving standing payments, currently stands at over 22 million, which far exceeds the crisis peak. Nevertheless, despite the fact that […]

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Coronavirus updates as of the morning of May 8: Almost 1.3 million cases have been detected in the United States. The number of deaths have reached almost 30 thousand. If we consider the mortality rate from the virus as 1%, then the real figure of infections in the US is about 3 million. In the […]

EUR/USD – 1H. Hello, traders! The EUR/USD pair performed a reversal in favor of the European currency on the hourly chart on May 7 and started the growth. Thus, the mood of most traders changed during yesterday’s day to “bullish”. There are no new graphical constructions at the moment because the growth period is too […]

GBP/USD – 1H. Hello, traders! According to the hourly chart, the GBP/USD pair performed a reversal in favor of the British currency and anchored above the upper line of the downward trend corridor. Thus, for the pound/dollar pair, the mood of traders also changed to “bullish”. The information background cannot be said to have contributed […]