Today we take a look at EURUSD 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 – EURUSD poised for more downside… […]

EUR / USD The players to increase took control of the daily short-term trend and tried to do the same with the monthly medium-term trend, but the result was disappointing. The daily rebound is formed from the monthly medium-term, while the daily Tenkan switched to the side of the bears again. It should be noted […]

GBP/USD – 1H. Hello, traders! According to the hourly chart, the pound/dollar pair performed a reversal in favor of the US dollar and began the process of falling, as did the euro/dollar pair. Moreover, the “claims” and assumptions for the pound/dollar pair are the same. After the pair’s quotes completed the consolidation above the descending […]

Recently, the British currency has been making the market nervous. Experts see the reason for this tension in the unpredictable behavior of the GBP, which, in addition to excessive volatility, sometimes demonstrates inadequate dynamics. Currency strategists at Bank of America Merrill Lynch (BoAML) believe that the pound has recently acted as the currency of emerging […]

WTI oil futures faded prior to reaching a critical resistance level at 43.69 and appear to be reloading for a push higher to revisit this mark. The recent weakening in the price is mirrored in the flattening of the Ichimoku lines and within the short-term oscillators. However, the near completion of a bullish crossover of […]

AUDUSD has been advancing over the last three months, peaking near the almost one-year high of 0.7067. The bullish rally extended its move above the simple moving averages (SMAs). However, the RSI in the positive region is flattening and the MACD is losing momentum below its trigger line but it remains in the bullish zone. Moreover, […]

Crypto Industry News: The Australian Securities and Investment Commission (ASIC) has identified a sharp increase in investment fraud during the coronavirus pandemic and highlighted cryptocurrency fraud as a particular problem. According to the published ASIC announcement, between March and May 2020, all types of investment frauds were reportedly increased by 20% compared to the same […]

Investors and all kinds of stock traders are extremely greedy creatures. On a daily basis, they must satisfy their hunger by absorbing information. Be it some kind of macroeconomic statistics or wise and thoughtful decisions and statements by various politicians. And only, having enjoyed the taste of these dishes, they are able to make a […]

Crypto Industry News: The Bitcoin.com forum, one of the most popular cryptographic forums, has suddenly announced the closure. The bitcoin.com forum, a place of lively debates and thoughtful discussions related to cryptocurrencies, will end services on July 23, 2020. The message was reported by the forum administrator in a thread published on June 24. In […]

Technical Market Outlook: The GBP/USD pair has broken through the technical support located at the level of 1.2485 and made a local low at the level of 1.2406. It looks like the rally to the north was corrective in nature and the break out from the channel zone was false. Please notice, that to break […]

Technical Market Outlook: After making a new local high new at the level of 1.1348, the EUR/USD pair failed to rally higher. This level was the lower line of the supply zone located between the levels of 1.1348 – 1.1361. Any violation of the level of 1.1236 makes the rally towards the swing low located […]

EUR/JPY is in a minor correction from 121.10 preparing for a new impulsive rally higher towards the key-resistance at 122.12. A break above here will confirm that wave 2 has been completed. It is likely to test 119.41 and wave 3 is in motion for an ultimate break above the peak at 124.43. In the […]

To open long positions on GBP/USD, you need: After another unsuccessful attempt by the pound to go beyond weekly highs yesterday, pressure returned, and a breakthrough of the rather important support 1.2463 led to a larger downward correction, which could soon develop into a new bearish market. Buyers need to protect support at 1.2395 to […]

To open long positions on EUR/USD, you need: The European currency fell against the US dollar yesterday despite the good fundamental data for Germany and the high likelihood of a faster economic recovery after the coronavirus pandemic, as many market participants fear the outbreak of the second wave of COVID-19. It was not possible to […]

If we look at the 4-hour chart, we can see that gold is trying to break through the nearest liquidity void at 1753.91. If so, gold is likely to grow and close above 1778.35. (Disclaimer) The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Elliott wave analysis of EUR/JPY for June 25, 2020 […]

EUR/USD The euro fell by 57 points yesterday, blocking the body of the daily candle growth on Tuesday. A few formal technical touches are missing to fully form a reversal condition. This is the transition of the signal line of the Marlin oscillator to the zone of negative values on the daily chart. The price […]

AUD/USD The Australian dollar’s attempt from yesterday to go up to the level of 0.7080 was suppressed by the wide market; The S&P 500 -2.59%, dollar index 0.56%, while non-ferrous metals fell. The aussie’s situation quickly returned to a downward direction – the Marlin oscillator turned down from the border of the growth zone with […]

USD/JPY The US dollar gained so much yesterday that even the yen lost to it as an instrument of risk aversion. The yen weakened by 50 points. The main topic of risk was the data on the beginning of the second wave of the spread of the Covid-19 virus, there was a surge in the […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – sideways. CCI: 32.0601 For the euro/dollar currency pair, the third trading day of the week was held in a corrective movement against the background of a complete lack of any fundamental information […]

The euro-dollar pair shows multidirectional dynamics today. The price returned to the 13th figure in the morning – primarily due to the general weakening of the US currency. But the roles changed in the afternoon: the bears seized the initiative and are now trying to get the pair back under the Tenkan-sen line (which currently […]

EURUSD: Keep buying euro from 1.1255, with a stop at 1.1230. A strong rollback has passed. If you are planning to make purchases, now is the perfect time at reasonable prices. If the foundations are removed, then that is an indication of a downward reversal. The target for the downward trend will be at the […]

EURUSD made a high around 1.1350 and is reversing now lower. Why is price turning from that point. In our previous analysis we noted that a key resistance area is found around 1.1325 and bulls want to recapture this level. On the other hand a rejection here would be a bearish sign. Why we said […]

Gold price has reached our first target area around $1,780 as it made a higher high so far today at $1,778. Gold price remains in a bullish trend. There is no sign of a bearish divergence so far. Bulls need to be cautious as a pull back from current levels is justified. Red lines – […]

Minute operational scale (H4) The remaining 6 days of June – which side will have the advantage in the battle of gold and silver metals? Overview of movement options from June 25, 2020 ____________________ Spot Gold The development of the Spot Gold movement from June 25 2020 will be determined by the development and direction […]

GBPJPY has found strong resistance near the 200-period simple moving average (SMA) currently at 133.55, confirming the neutral move in the very short-term timeframe. The MACD oscillator is rising above the trigger line near the zero level, while the RSI is pointing south near the 50 level. However, the red Tenkan-sen line jumped above the blue Kijun-sen line, indicating […]