To open long positions on EURUSD, you need: Although the bears did not leave the bulls almost any chance in the first half of the day, however, good data on inflation in the Eurozone managed to keep the euro from a new wave of falls and from breaking the lows of last week in the […]

Using complex analysis, we can see the acceleration of quotes from the mirror level towards the main range. The past trading day was oriented towards a further downward move, in which the quotes successfully accelerated from the mirror level of 1.2350, updating the monthly low. The quotes moved from the range level of 1.2770, and […]

AUDJPY has been confined within a narrow range in recent weeks, between 74.40 and 72.70. Yet, the bigger picture is still bullish as the pair remains above a three-month upside support line and the price structure still consists of higher peaks and higher troughs. What’s more, the 50-day simple moving average (SMA) looks ready to […]

Overview : The trend of AUD/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 0.6812 and 0.7065. Also, the daily resistance and support are seen at the levels of 0.7065 and […]

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It’s a packed week in America, where Fed Chairman Powell will testify at 16:30 GMT Tuesday, ahead of the minutes of the latest FOMC meeting at 18:00 GMT Wednesday. The crucial jobs numbers for June will follow Thursday. In a nutshell, the minutes could show a Fed that’s still hesitant towards yield curve control, much […]

Hello! Today, I would like to consider a couple of North American dollars, where there is quite an interesting technical picture. Let’s start with the results of last week’s trading. Weekly At the trading on June 22-26, the USD/CAD currency pair strengthened, but not everything went so smoothly for the bulls on this instrument. As […]

The USD/CAD pair has turned to the upside in the short term, the reversal seems confirmed as the pair has managed to close above the former high. The pair will resume the bullish movement if the USDX climbs higher in the nearest days. Statistics Canada is to release the Canadian GDP later today, the indicator […]

Greetings, dear colleagues! It’s time to consider a fairly interesting currency pair AUD/USD, and since the last trading week recently ended, we will start with its results. Weekly First of all, what you need to pay attention to is that the pair failed to gain a foothold above the most important psychological and technical level […]

EUR/USD is trading at 1.1221 level and is waiting for a bearish spark after the failure to reach and retest a near-term dynamic resistance. The USDX’s rally has pushed EUR/USD lower again, but we still need confirmation before we could consider going short on this pair. The pair is trading within a critical support area, […]

Today we take a look at AUDJPY 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 Related Posts:Technical analysis and forecast for USD/CAD on June […]

The euro rose yesterday morning amid talks that a meeting between the leaders of France and Germany could take place in the near future. Such will put forward the discussion on the budget of the proposed assistance package to the EU, but so far, there has been no news in the media that a meeting […]

The United States has observed a huge increase in daily incidence of the virus to 44.7 thousand. Brazil, meanwhile, recorded a slight decrease (but still high) to 25 thousand, while India has a high figure of around 18 thousand. These massive jumps in data suggests that a second wave of the pandemic has started. The […]

The Australian dollar paired with the US currency is stuck in the middle of the 68th figure. Many factors support the AUD, but the worsening political conflict between Canberra and Beijing prevents buyers of AUD/USD from even approaching a key resistance level of 0.7000. Such a contradictory fundamental picture forces traders to trade in flat, […]

Good day, dear traders! Yesterday’s review of the GBP/USD currency pair highlighted the speech of the head of the Bank of England, Andrew Bailey. However, the speech of the chief monetary official of the English Central Bank went unnoticed by market participants. The main attention of investors was drawn to the statement of British Prime […]

WTI crude oil futures have been trading within a narrow range, inside the Bollinger band confirmed by the momentum indicators. The RSI is moving sideways in the positive region near the 50 level, while the MACD is flattening marginally above trigger and zero lines. The flat movement is in line with the 40-period simple moving […]

Stocks rebound as risk aversion eases on positive data from China and the US But virus worries linger as Australia and the UK impose local lockdowns Dollar heads higher, eyes Powell testimony and more US data Pound hammered by Brexit and virus woes Risk appetite improves on recovery optimism Hopes for a V-shaped recovery were […]

Hello, dear colleagues! Let’s start the analysis of the main currency pair with the macroeconomic statistics that were published yesterday, and then we will indicate the data that will be published today. On Monday, Germany provided preliminary data on consumer prices, which rose more than expected by economists: 0.9% (against the forecast of 0.6%) in […]

EUR/USD Analysis: The euro trend in the last six months is directed upwards. The last unfinished section started on May 7. Since the beginning of the current month, the price has been adjusted within it, forming a downward plane. The structure of this wave lacks the final part. Forecast: A downward trend is expected in […]

USDCAD is presently tackling the restricting 200-period simple moving average residing at the 1.3680 level, that being the 50.0% Fibonacci retracement of the down leg from 1.4047 to 1.3314. The existing bullish tone in the 50- and 100-period SMAs and the positive bearing of the Ichimoku lines further back additional price advances. The technical indicators […]

EURGBP levitated higher this week, continuing the pattern of higher highs and higher lows on the daily chart above an uptrend line drawn from the lows of February. The pair is also trading above all its simple moving averages (SMAs), all of which suggests that the outlook is bullish. Short-term oscillators mostly concur with that […]

On Monday, the Fed launched its long-awaited program which allows people to buy corporate bonds directly from companies. It also introduced a new program created to stabilize financial markets in the face of volatility. According to the Fed, the new program will allow the central bank to provide support to corporate clients in the primary […]

Good afternoon traders! Here is an analysis of the EUR / USD pair. The article yesterday recommended working on long positions after a roll back: Traders had the perfect entries but the ideal development was not followed. Instead, a short initiative was formed yesterday which gave rise to a large pin bar in the daily […]

Outlook for June 30: Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1289, 1.1254, 1.1232, 1.1183, 1.1154, 1.1132, 1.1071 and 1.1029. Here, we are following the formation of the descending structure of June 23. The continuation of the downward […]

Stock indexes of the Asia-Pacific countries are growing steadily on Tuesday morning, the growth is supported by positive data from China. The PMI in the manufacturing sector rose to 50.9p, which turned out to be better than expected, while the growth in the services sector was even more pronounced – 54.4p against 53.6p in May. […]