The data on consumer inflation in Germany which was published yesterday somewhat revived the dynamics of the single European currency in the currency market, but, as it turned out, only temporarily. The presented values of consumer inflation for the month of June in Germany in both annual and monthly terms turned out to be unexpectedly […]

The single European currency was growing pretty well over the course of almost all of yesterday, largely due to the growing concern over the coronavirus. Say what you like, but a record number of new cases of coronavirus infection was recorded in the United States last Friday. This became known only during the weekend. In […]

EURJPY created a spike above the 20-day simple moving average (SMA), but the bias remains bearish in the short-term, as the price is trading well below the 13-month peak of 124.42. Further backing this short-term view are the Ichimoku lines and the 20-day SMA, which is reversing down. However, for now the technical oscillators reflect […]

GBPUSD refused to close within the Ichimoku cloud for a second time this month on Monday despite piercing it slightly to the downside. With the price having reached a new one-month low of 1.2250 in a familiar support area, upside corrections or some stabilization cannot be ruled out in the short-term. Yet, any improvement could […]

Technical Market Outlook: The GBP/USD pair has made another local low at the level of 1.2251 after all the bounces were too shallow to trigger a strong rally. The price is back inside the descending channel and despite the oversold market conditions, the momentum remains weak and negative as the RSI indicator hovers below its […]

Technical Market Outlook: The EUR/USD pair has bounced from the lower channel line around the level of 1.1190 and made a local high at the level of 1.1287 before the Bearish Engulfing pattern had been made. The bearish pressure is still present on chart, so if bulls will not violate the nearest technical resistance located […]

Crypto Industry News: Blockchain-based Russian voting system is reportedly attacked by an election observer node. As reported by the state news agency TASS, the attack took place on June 27 at around 20:00 CET. A representative of the Moscow government told TASS that the attack did not cause a system crash, which means that all […]

Crypto Industry News: The Hong Kong Cryptocurrency Instrument Exchange BitMEX is introducing a new program with benefits for its corporate clients, including improved security support and accounting. According to the announcement published on the BitMEX support website, the stock exchange is launching a new program for corporate clients called BitMEX Corporate. Accounts on the cryptographic […]

To open long positions on EUR/USD, you need: Yesterday’s attempt to break through resistance 1.1280 did not succeed, and good data on inflation in Germany was not enough to maintain the morning bullish momentum, which quickly waned amid the risk of a second wave of the coronavirus pandemic. If you look at the 5-minute chart, […]

EUR/USD The euro tried to break the technical level of 1.1265 on Monday, due to news of closures of organizations in California as a result of the second wave of the viral epidemic. But in general, the markets were not going to panic, the technical resistance was stable, and the euro showed a daily growth […]

AUD/USD The Australian dollar showed little volatility yesterday, continuing to consolidate at 0.6900. The technical situation has not changed, the target at 0.6680 for the March 9 high remains. The previous day’s price did not go beyond the MACD line on the four-hour chart, the Marlin oscillator is slightly growing, but does not leave the […]

USD/JPY The yen enthusiastically reacted to the growth of European and US stock indices on Monday, although it ended lower in Asian markets. The Nikkei 225 lost 2.29% yesterday, but with the S&P 500 up 1.47% today, the Japanese index rose 1.77%. The price reached the first target level of 107.77. The Marlin oscillator has […]

GBP/USD 1H The GBP/USD currency pair, unlike the EUR/US, simply continued its downward movement and worked out the first support level of 1.2250 on Monday. Thus, the bears continue to use any chance in order to continue to get rid of the British currency. The descending channel clearly shows the current trend and as long […]

EURUSD 1H The EUR/USD pair was traded in different directions on the hourly timeframe on June 29, while perfectly working out the key lines and levels. The Senkou Span B and Kijun-sen lines were worked out, from which a rebound followed with the resumption of the downward movement. Thus, the bears dominate the market after […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – sideways. Moving average (20; smoothed) – sideways. CCI: -63.5571 Well, if a few days ago we doubted that the euro/dollar pair could go into a sideways movement since there were a sufficient number of technical factors that speak […]

EURUSD started trading this new week where it left us on Friday. No real direction today as price makes no progress. Short-term trend remains unclear as long as price is trading above 1.12 and below 1.13. Red line – resistance Green line – support EURUSD remains stable on Monday with volatility at its lowest. Price […]

Gold price has a slow start for the week with low volatility and no clear direction. Trend remains bullish as price is still inside the short-term upward sloping channel created at the beginning of June. Since then price continues to make higher highs and higher lows while breaking out and above the two month consolidation. […]

Minute operational scale (H4) What did the commodity currency instruments AUD/USD, USD/CAD, and NZD/USD prepare for us in early July (H4) – development options for the movement on June 30, 2020. ____________________ Australian dollar vs US dollar From June 30, 2020, the development of the movement of the Australian dollar AUD/USD will be determined by […]

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 […]

On March 20, the EURUSD pair has expressed remarkable bullish recovery around the newly-established bottom around 1.0650. Bullish engulfing H4 candlesticks as well as the recently-demonstrated ascending bottoms indicated a high probability bullish pullback at least towards 1.1065 (Fibo Level 50%). Shortly after, a sideway consolidation range was established in the price range extending between […]

Today, the pound sterling is coming under strong pressure due to the UK government reorganization. In the morning, the British national currency failed to go far from its monthly lows and after a slight pullback started to test those values again. Moreover, even the weaker US dollar did not support the British currency. The pound […]

EURUSD: We entered the breakdown this morning from 1.1245, and upside by 30 points in the 4-digit which is not so bad. The targets for the growth are 1.1350 – 1.1420 – 1.1500 onwards Stop at 1.1200. Alternative: turn down and sale from 1.1189. The material has been provided by InstaForex Company – www.instaforex.com Related […]

Investors are at a crossroads. On the one hand, the latest statistical data signal the restoration of economic activity in the world, which contributes to a return of risk appetite. On the other hand, the emergence of new foci of coronavirus infection in the United States makes market participants think about the likelihood of a […]

US 500 stock index (Cash) is attempting to reclaim the 200-period simple moving average (SMA) after dipping below it in the previous session. The recent horizontal glide in the price after the pullback from the three-and-a-half-month top of 3,233, has been dwindling as negative tensions build. The neutral-to-bearish tone in the 50- and 100-period SMAs […]

The price of crude oil this morning continued to decline, and the growing concerns of market participants about the second wave of coronavirus pandemic remain to be the indicator of which. The number of cases is rapidly increasing not only in the United States of America but also in other regions and states. According to […]