Gold is trading at $1,770 and continues to be strongly bullish, most likely it will approach and reach fresh new highs in the next days. The USD’s drop has helped the yellow metal to grow in the short term, also the potential COVID-19 second wave could push the rate way higher in the weeks to […]

Forecast for June 24: Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1451, 1.1428, 1.1390, 1.1347, 1.1299, 1.1272, 1.1238, 1.1212 and 1.1168. Here, we continue to monitor the ascending structure of June 22. The continuation of the upward movement […]

The coronavirus suddenly became the main driving force in the market again, and despite all the published macroeconomic data, the main movement began during Boris Johnson’s speech. He only spoke about the coronavirus. More precisely, speaking in the House of Commons, the prime minister announced a new stage in lifting the restrictive measures previously introduced […]

Macroeconomic data from a number of G10 countries published on Tuesday are entirely in the green zone, which added to the optimism of players and contributed to the growth of stock indexes and overall confidence that the global economy has started a recovery cycle. The largest positive contribution was made by the Markit report on […]

It would be a lie to say that EUR/GBP is in a hurry to break higher. It still managed to make a new short-term higher for the rally since the 0.8864 low indicating more upside should be expected towards 0.9183 as the next hurdle. If our count is correct, then ultimately resistance at 0.9183 shouldn’t […]

The USD index has once again fallen to the middle of the 96th figure, updating the two-week low. Recent macroeconomic reports did not even affect the currency positively, so demand for risky assets continues to prevail among traders despite the increase in the daily incidence of coronavirus worldwide. Apparently, market participants are not interested in […]

EUR/JPY still needs to prove, that a corrective low in fact was seen with the test of 119.41 and a new impulsive rally is in motion. The rally from the 119.41 low does look promising, but we still need to see a break above minor resistance at 121.23 and more importantly a break above the […]

According to the 4-hour chart, the GBP/CAD pair seems to be poised to test the 1.6892 level. If this level can easily break, the odds are that the pair continues its downward move at least to test 1.6806 provided that GBP/CAD does not retrace upward and closes above the 1.6980 level. (Disclaimer) The material has […]

On the 4-hour chart, we spotted the Hidden Divergence between the price and the Stochastic Oscillator. Based on this fact, we predict GBP/USD to go down to the 1.2686-1.2335 area. If this pair can easily break and pass that area, there is a high probability for GBP/USD to continue its down movement to reach 1.2161 […]

To open long positions on GBP/USD, you need: The British pound was in the side channel all day yesterday, creating excellent buy and sell signals, I mentioned the probability of it in my forecast. If you look at the 5-minute chart and remember my review from yesterday afternoon, you will see how the bulls tried […]

To open long positions on EUR/USD, you need: In my forecast for the afternoon, I drew attention to the sales that took place after updating the resistance level of 1.1349. If you look at the 5-minute chart, you will see that after the breakout and consolidating above resistance 1.1279, when a buy signal was formed, […]

Trading Recommendation Entry: 0.64882 Reason for Entry: 50% Fibonacci retracement, moving average resistance Take Profit: 0.64368 Reason for Take Profit: 61.8% Fibonacci retracement, 161.8% Fibonacci extension Stop Loss: 0.65144 Reason for Stop Loss: 76.4% Fibonacci retracement, ascending trendline resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USDCAD is approaching 1st support, […]

EUR/USD The euro grew by 48 points on Tuesday, almost consolidating itself above the target level of 1.1265 after a reversal of the Marlin oscillator signal line from the zero border line dividing the decline zone from the oscillator growth zone, indicating the prospect of a market trend. The next target of 1.1385 is formally […]

GBP/USD The British pound traded in the range of Fibonacci levels of 138.2-123.6% on Tuesday, closing the day at the upper level of 123.6%. The signal line of the Marlin oscillator shows the intention to turn down from the border of the growth territory on the daily chart. As a result, the price faced a […]

AUD/USD The Australian dollar opened and closed above the target level of 0.6900 on Tuesday, which made it consolidate above the level and now it is striving for the second goal of 0.7080. The price is helped by the Marlin oscillator, which has moved into the zone of positive values. After the price exceeded the […]

USD/JPY Yesterday, the USD/JPY pair made false shots in both directions in a total range of 114 points, but eventually, it closed the day with a loss of 39 points. The upper limit for the price was the embedded line of the price channel on the daily chart. The nearest target at 105.85 is open […]

Trading Recommendation Entry: 1.3490 Reason for Entry: 50% fib retracement ,78% fib extension Take Profit :1.3616 Reason for Take Profit: Horizontal swing high Stop Loss:1.3364 Reason for Stop loss: Horizontal swing low support The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – USDCAD fails to surpass flat… June 23, 2020 […]

Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – sideways. CCI: 60.7806 The British pound also continued its upward movement during the second trading day of the new week. However, it was not as strong as the euro currency, so by the end […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 165.8031 For the euro/dollar currency pair, the second trading day of the week was again in an upward movement. The pair’s quotes are fixed above the moving average line, so […]

EURUSD: The euro has overcome 1.1300, reached 1.1355 and is consolidating above 1.1300 – now the technical retracement is normal. You can buy the euro from 1.1300. We keep purchases from 1.1255, stop at 1.1230 – the first target is 1.1420. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:June 23, 2020 […]

The New Zealand dollar in pair with the US currency is growing for the second day in a row, taking advantage of the weakness of the greenback. The US dollar index continues its downward movement on the background of increased interest in risky assets, while the kiwi is gaining momentum on the eve of the […]

This morning has become positive for risky currencies. The Australian dollar and similar counterparts have shown a rise after statements by the White House trade adviser and the US president that trade with China will continue and there are no fears of a break in the deal. Recall that earlier news began to arrive that […]

The US 100 cash index (Nasdaq) entered uncharted waters today once again, breaking above its previous all-time high of 10,155. The picture is overwhelmingly positive, with the price printing higher highs and higher lows above all its simple moving averages (SMA). Short-term oscillators detect strengthening upside momentum, endorsing the bullish picture. The RSI, already in […]

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%). However, a previous bearish Head & Shoulders pattern was demonstrated around the price zone […]

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 […]