Trading Recommendation Entry: 133.966 Reason for Entry: 50% Fibonacci retracement, Descending trendline resistance. Take Profit: 131.690 Reason for Take Profit: Graphical swing low Stop Loss: 135.227 Reason for Stop Loss: 76.4% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBPJPY reversing below descending trendline resistance! June 23, 2020 Trading RecommendationEntry: […]

Trading Recommendation Entry: 133.966 Reason for Entry: 50% Fibonacci retracement, Descending trendline resistance. Take Profit: 131.690 Reason for Take Profit: Graphical swing low Stop Loss: 135.227 Reason for Stop Loss: 76.4% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBPJPY reversing below descending trendline resistance! June 23, 2020 Trading RecommendationEntry: […]

Everything went exactly as planned yesterday. The nearly empty macroeconomic calendar, in itself, became a good background for the beginning of a rebound in the dollar, which until then had been steadily growing for several consecutive days. At the end of the day, these successes were consolidated by US statistics on home sales in the […]

Crypto Industry News: The UK Financial Supervision Authority (FCA) has called on all national cryptocurrency companies to register with a supervisory authority. According to the FCA statement, companies must submit completed applications by June 30. The regulator says that the deadline is necessary to ensure that all applications will be considered by the end of […]

Crypto Industry News: Wang Wong Zhongmin, former vice chairman of the Chinese National Social Security Fund Council, announced that China has completed the development of the architecture of the back office of China’s digital currency, the central bank (CBDC). Wang announced this during the Fintech 2020 online forum organized by the Tencent Fintech Research Institute […]

Technical Market Outlook: After the GBP/USD pair has almost hit the 1:1 market geometry level located at 1.2328, the bounce from this level was solid and almost hit the upper descending channel boundary. The bulls had hit the second target located at the level of 1.2466 with a high made at the level of 1.2505. […]

Technical Market Outlook: The EUR/USD pair has tested the lower level of the support range located at 1.1185 and bounced towards the short-term trend line resistance located around the level of 1.1265. The oversold market conditions might help the bulls to test the nearest technical resistance, but they must break through the short-term trend line […]

The currency market remains extremely “boring” in the wake of the continuing influence of the likelihood of a second wave of coronavirus infection. In any case, this topic is exaggerated in the media and supported by active statements by WHO. These cautious moods in the investor environment are supported by the ongoing pandemic in the […]

GBP/JPY is hovering above key-support at 131.63 and the break above minor resistance at 133.25. This could indicate the completion of red wave ii at 131.68 for a new impulsive rally towards 138.04 and for a continuation towards 148.32. Thus, we need more evidence before we are sure that the correction in red wave ii […]

EUR/JPY shot away from the 50% corrective target at 119.41 indicating a possible corrective low being in place. The break above the minor resistance at 120.21 also add confidence that a possible bottom is in place now. However, we will need a break above key-resistance at 122.12 to confirm that wave 2 is completed and […]

To open long positions on GBP/USD, you need: The British pound is gradually recovering its position against the US dollar, and the bulls are aiming for a reversal of the market after a good downward correction, which many have been waiting for a long time. Yesterday, if you recall my forecast for the second half […]

To open long positions on EUR/USD, you need: Yesterday, euro buyers continued to bend their line and achieved a breakout of resistance 1.1230, above which I advise you to open long positions. If you look at the 5-minute chart, you will see how, from the second attempt, closer to the middle of the US session, […]

EUR/USD Monday ended with a significant increase in the euro risk appetite, as it was a week earlier. But unlike the growth on the 15th, yesterday’s growth was in a narrow sector of values – the euro and US stock indices: the euro grew by 85 points and the S&P 500 with 0.65%, while the […]

EUR/USD Monday ended with a significant increase in the euro risk appetite, as it was a week earlier. But unlike the growth on the 15th, yesterday’s growth was in a narrow sector of values – the euro and US stock indices: the euro grew by 85 points and the S&P 500 with 0.65%, while the […]

AUD/USD The Australian dollar rose 73 points amid weakening US dollars and rising commodities, having completed its first growth target of 0.6900. This morning, the signal line of the Marlin oscillator returned to the growth zone. Formally, the 0.7080 target is open. The price reached the MACD indicator line on the four-hour chart. Consolidation over […]

AUD/USD The Australian dollar rose 73 points amid weakening US dollars and rising commodities, having completed its first growth target of 0.6900. This morning, the signal line of the Marlin oscillator returned to the growth zone. Formally, the 0.7080 target is open. The price reached the MACD indicator line on the four-hour chart. Consolidation over […]

USD/JPY The Japanese yen is consolidating strictly below the MACD line on the daily chart for the fourth day. The Marlin oscillator is also stable in the negative trend zone. These are signs of a forthcoming breakdown in prices, even despite the upward surge in prices that occurred today in the Asian session. Resistance to […]

USD/JPY The Japanese yen is consolidating strictly below the MACD line on the daily chart for the fourth day. The Marlin oscillator is also stable in the negative trend zone. These are signs of a forthcoming breakdown in prices, even despite the upward surge in prices that occurred today in the Asian session. Resistance to […]

EUR/USD 1H The EUR/USD pair began to correct on the hourly timeframe on June 22, not quite reaching the first upward trend line. However, while the quotes of the pair continue to remain inside the downward channel, therefore, the trend in the current timeframe remains downward. A price rebound from the upper line of the […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – downward. CCI: -26.4393 The British pound also started to adjust against the US currency during the first trading day of the new week. In contrast to the euro, the previous downward movement […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – sideways. CCI: 33.5233 The euro/dollar currency pair spent in a not too strong corrective movement during the first trading day of the week. Since all the downward movement can be described as […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – sideways. CCI: 33.5233 The euro/dollar currency pair spent in a not too strong corrective movement during the first trading day of the week. Since all the downward movement can be described as […]

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

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 […]