Everything is still the same in the currency market. Nothing special happens, as investors simply do not show noticeable activity due to conflicting, mutually exclusive factors that are still not going away. First of all, this, of course, is the situation around the coronavirus pandemic in the USA, where a surge of infected COVID-19 was […]

To open long positions on GBP/USD, you need: The speech of British Prime Minister Boris Johnson and his proposed bailout plan worth five billion pounds, as well as the gradual demand for risk after good fundamental statistics on the state of the US economy, supported the pound, which broke through to new highs, continuing the […]

On the 4-hour chart, we can see that USD/CAD is likely to break through the 1.3715 level, its nearest liquidity pool. This pair may also decline (Red Line). The Kiwi may grow if the pair does not drop and close bellow the 1.3545 level. (Disclaimer) The material has been provided by InstaForex Company – www.instaforex.com […]

EUR/USD The euro repeated the scenario of the previous day on Wednesday – it reached the range of target levels 1.1195-1.1265 with small punctures in both directions. The difference was that it ended yesterday with an increase of 18 points against a slight decline on Tuesday. This difference has somewhat strengthened the euro’s growing potential. […]

AUD/USD Due to the general weakening of the US currency, the Australian dollar closed the day by gaining 12 points, and the price was consolidated above the level of 0.6900 – the daily candle opened and closed above this level. But the Marlin oscillator has not yet left the negative trend zone, it is slightly […]

USD/JPY The dollar lost 43 points against the yen on Wednesday, gaining a foothold at a signal level of 107.53. The 107.00/10 target opened as a range of supports on two-scale charts – the daily and four-hour: this is support for the embedded price channel line at 107.10 on the daily, and support for the […]

Trading Recommendation Entry: 1.3618 Reason for Entry: Horizontal pullback resistance Take Profit :1.3716 Reason for Take Profit: The horizontal swing high Stop Loss:1.3554 Reason for Stop loss: Horizontal overlap support The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD analysis for July 01 2020 – Downside… July 1, 2020 Corona virus summary: […]

Trading Recommendation Entry: 0.69156 Reason for Entry: Market entry Take Profit: 0.69436 Reason for Take Profit: 78.6% Fibonacci extension, recent swing high Stop Loss: 0.69027 Reason for Stop Loss: 61.8% Fibonacci retracement, ascending trendline support, moving average support The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis of Gold for July 01,.2020 […]

On March 20, the EURUSD pair has expressed remarkable bullish recovery around the newly-established bottom around 1.0650. Shortly after, a sideway consolidation range was established in the price range extending between 1.0770 – 1.1000. On May 14, evident signs of Bullish rejection as well as a recent ascending bottom have been manifested around the price […]

Investors have recently shown great interest in the euro. It seems that they believe that Europe has managed to face the crisis against COVID-19 pandemic better than the United States or other countries of the world. Indeed, Europe is ahead with regard to the health system. Prompt and competent medical care is important here because […]

EURUSD: According to the ADP employment report, the US private sector gained 2.37 million new jobs for the month of June. This is significantly lower than the 3 million that was expected in the forecast. The report in the ISM Index is to follow at 14:00 UTC. So far, there are no further movements yet. […]

Tesla’s stock levitated to a new all-time high of 1086 yesterday, and today it overcame that too, continuing its relentless uptrend. The picture is overwhelmingly positive, with the structure of higher peaks and higher troughs being reinforced by all the simple moving averages (SMAs) sloping upwards and the price trading above an upside support line […]

Recently, Bullish breakout above 1.2265 has enhanced many bullish movements up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In the period between March 27- May 12). Shortly after, transient bearish breakout below 1.2265 (Consolidation Range Lower Limit) was demonstrated in the period between […]

The UK manufacturing index in June this year remained unchanged and fully coincided with the forecasts of economists, however, this did not prevent buyers of the pound in the first half of the day to attempt to break through the resistance of 1.2386, which I drew attention to in my review. If you look at […]

To open long positions on EURUSD, you need: Euro buyers liked the data released on the manufacturing activity of the eurozone countries, as well as on Germany’s retail trade, as they turned out to be better than economists’ forecasts, however, they failed to achieve a breakdown level of 1.1241. As a result, a sell signal […]

GBPJPY appears restrained within the Ichimoku cloud by the 50- and 100-period simple moving averages (SMAs) over the previous sessions. The price has found difficulty in maintaining a jump back above the 200-period SMA and thus has adopted a sideways move over the last week. Backing this view are the unclear directional signals reflected in […]

The ISM manufacturing PMI is due today at 14:00 GMT and June’s Nonfarm payrolls will be released on Thursday, a day earlier than usual, at 12:30 GMT as US markets will be shut on Friday for July 4th celebrations. While another upbeat outcome is expected to boost risk sentiment, investors might catch themselves between virus […]

News: Lawyers in Washington D.C. can now accept cryptocurrencies as a form of payment for their services, the D.C. Bar has said. In it ethics opinio published in June, the Bar said it is not unethical for lawyers to accept cryptocurrency, as long as the fee is reasonable and lawyers can safeguard that virtual property. […]

Corona virus summary: The prime ministers of Spain and Portugal participated in a ceremony to officially reopentheir joint border to all travellers after a three-month closure. Elsewhere, tourists were welcomed back to Greece, Malta and Croatia on Wednesday. The Greek prime minister said his country should prepare for a “very difficult” tourist season, with revenues […]

Corona virus summary: The United States again reported a record one-day increase in corona virus cases on Tuesday, with 44,358 new corona virus cases confirmed in the country, according to corona-virus database the Covid Tracking Project, as infections surge across the country, which is the worst-affected worldwide in terms of cases and deaths. Technical analysis: […]

When Fed officials are increasingly talking about uncertainty and are not going to raise the federal funds rate before 2023, and the market is full of rumors about a double recession of the US economy, gold has no choice but to grow. The most actively traded COMEX futures with an expiration date in August have […]

EUR / USD On June 30, the EUR/USD pair lost only a few basis points, and thus, the current wave counting practically did not suffer any changes. The expected wave 4 in C in B has completed its construction, so now it is still expected to build an upward wave 5 in C in B. […]

Optimism rose due to improving consumer confidence in the United States. However, it supported risky assets such as the euro and the pound, not the US dollar. But the recent speeches of US Treasury Secretary Steven Mnuchin and Fed Chairman Jerome Powell reduced the ardor of bulls and left the EUR / USD pair in […]

Recent data indicates that the United States has observed another jump in daily incidence to 46 thousand. This suggests that a new outbreak may have started, in which most of the new infections were from Texas and Florida. Mortality has also increased from below 400 to more than 700 per day. Such escalation puts forward […]

AUD/USD is trading in the green and maintains a bullish outlook on the Daily chart after the failure to make another lower low. I believe that the US data will be decisive these days, the ADP Non-Farm Employment Change, ISM Manufacturing PMI, NFP, Unemployment Rate, and the Average Hourly Earnings will decide the USD’s future. […]