Gold prices are continuing the upside movement, creating new highs and touching an almost eight-year peak at 1,779. The short-term technical indicators are neutral-to-bullish and point to a somewhat stromger market. The MACD is holding well above its zero and trigger lines, while the RSI is hovering in positive territory. The Ichimoku lines are also […]

Technical Market Outlook: The EUR/USD pair has bounced from the lower channel line around the level of 1.1190 and continues to move towards the level of 1.1346 again. The bearish pressure is still present on chart, so if bulls will not violate the nearest technical resistance located at the level of 1.1282, then the swing […]

Trading Recommendation Entry: 107.441 Reason for Entry: Horizontal swing high resistance and 78.6% fibonacci retracement Take Profit: 106.773 Reason for Take Profit: Horizontal overlap support, 50% fibonacci retracement Stop Loss: 107.660 Reason for Take Profit: Horizontal swing high resistance, 61.8% fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com Related Posts:BTC analysis […]

The end of the month showed how sharply the mood of investors can change under the influence of an external factor – coronavirus infection. If the month started on the wave of markets continuing to play the topic of opening the economies of economically developed countries after the introduction of previously strict quarantine measures, then […]

Due to a new rise in cases of coronavirus infection, the authorities of Texas and Florida returned some of the previously removed quarantine measures, which led to a negative reaction on the stock market. The S&P 500 fell by 2.4% on Friday, Asian indices are trading in the red zone on Monday, Nikkei is losing […]

To open long positions on EUR/USD, you need: Buyers of the European currency stepped up on Friday after poor reports on the US economy, which turned out to be worse than economists’ forecasts and managed to get another false breakout in the support area of 1.1200, which I paid attention to in my forecasts. If […]

According to the CFTC report, the total short position on the dollar rose by 13% over the week, the weakening dollar is increasing, indicating weak concerns about the second wave of the pandemic. But even if the coronavirus returns, there will be no new restrictive measures – the global economy is not in a condition […]

At the end of last week, the pound continued to decline for the most part due to purely technical factors, as well as the uncertainty that continues to accompany everything related to Brexit. Some macroeconomic data was published, but there were very few of them. And most importantly, they clearly did not belong to the […]

The quotes closed below the WCZ 1/2 0.6886-0.6877 last week, which indicates a bearish mood in the AUD/USD pair. This means that the main direction of the pair is downward, so any movement upward must be used to find favorable positions to sell the instrument. The nearest resistance level is the WCZ 1/4 0.6891-0.6887. The […]

On Friday last week, a monthly control zone test took place, so the sharp increase in supply was not surprising. Today the pair is trading near WCZ 1/4 1.3644-1.3636. If the trading closes below the specified zone, the first reversal pattern will be formed. The goal of the fall will be WCZ 1/2 1.3572-1.3557, which […]

EUR/USD The euro tested the bearish target level of 1.1195 for the second time last Friday, the day ended at the opening level. As a result, the situation has not changed – the euro retains its intention to break through the support and move down to the price channel line of the higher timeframe, to […]

GBP/USD The British pound lost 84 points last Friday, breaking one of the bearish signal levels (1.2388). The next target at 1.2233 is now open before the price – the Fibonacci level on the daily chart. The price is falling under both indicator lines on the H4 chart – the red balance line and the […]

AUD/USD The Australian dollar closed Friday on a black candle, a little more than the white one that was on Thursday. The 0.6900 level was tested from the bottom and fell by 50 points. The Marlin oscillator has strengthened in a downward movement in the negative zone. The market considers 0.6680 as the nearest one […]

Today, the pair is trading between two significant zones. The main resistance is the Weekly Control Zone 1/2 0.6478-0.6471. Testing this zone will allow you to get the most favorable prices for selling the instrument. The target zone remains the weekly control zone 0.6380-0.6365. Upon reaching these levels, it is necessary to close most of […]

USD/JPY The yen fully regained its position in the zone of uncertainty on Friday, which is indicated by a gray rectangle on the chart – after a trading range of 56 points, it closed the day at the opening level. The MACD indicator line provided support. The price rises above the line of the price […]

Last week’s trading closed below the Weekly Control Zone 1/2 1.1242-1.1233. This makes it possible to consider growth in order to find a sell pattern. On Friday, the Weekly Control Zone 1/4 1.1241-1.1236 was tested, which led to a halt in growth. If today’s test formed extremum will allow us to form an “absorption” pattern, […]

Last week’s close was at the lower limit of the weekly control zone of 1.2380-1.2337. This makes it possible to consider a corrective upward model that will allow you to re-enter sales. The nearest resistance is WCZ 1/4 1.2432-1.2422. When testing this zone, you need to concentrate on finding the absorption pattern. The pair has […]

Trading Recommendation Entry: 1.36515 Reason for Entry: Ascending trendline support, moving average support Take Profit: 1.37155 Reason for Take Profit: Graphical swing high Stop Loss: 1.36367 Reason for Stop Loss: -27.2% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis: 26/06/2020 – USDCAD stuck below… June 26, 2020 Risk […]

GBP/USD 1H The GBP/USD currency pair, unlike the EUR/USD, was trading quite actively on Friday, and most importantly, there was an intraday trend. After a day spent in the narrow price range of 1.2404-1.2424, sellers became more active and began to actively open sell positions. Thus, at the moment, a downward trend remains despite the […]

EUR/USD 1H Traders did not even rush from side to side on the hourly timeframe on June 26, but they simply did not know what to do. The euro/dollar stood in one place throughout the trading day, trying to overcome the rising trend line and the resistance area of 1.1227-1.1241 several times. However, all these […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – downward. CCI: -54.5939 The EUR/USD currency pair continues to move quite strangely. On the one hand, the downward trend that was formed a week ago remains. On the other hand, bears are […]

4-hour timeframe In the first trading days of the completed trading week, the euro/dollar pair showed a desire to start a new upward trend. The critical Kijun-sen line was crossed, which gave hope for a new strengthening of the euro currency, which we considered groundless from the foundation. However, in the middle of the week, […]

The dollar index completes the week in positive territory. The demand for the greenback as a protective asset has grown in recent days due to the worsening situation with coronavirus in the USA and other developed countries of the world. America records a record increase in cases, an indicator even higher than peak levels in […]

Minute operational scale (H4) The end of June, the beginning of July – what’s next? Development options for the movement of #USDX vs EUR/USD & GBP/USD & USD/JPY (H4) on June 29, 2020. ____________________ US dollar index From June 29, 2020, the movement of the dollar index #USDX will be determined by the development and […]

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 […]