Overview: Pivot: 0.6882. The trend of AUD/USD pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 0.6782 and 0.7040. The AUD/USD pair broke resistance which turned to strong support at the level […]

Demand for gold returned, after the need for reliable safe haven assets has increased once again. Forecasts for the precious metal are at unprecedented heights, most of which are rational, taking into account the upward trends in the market. Last Friday, June 19, gold rose by almost 1.5% and by the end of the day […]

From the point of view of complex analysis, we can see that the quotes recovered and reached very important price levels. Last trading week kept the trend downward, where the initial correction from 1.1440 / 1.1500 became a process of recovery relative to the inertial course. It is estimated to approximately 33% of the movement […]

EUR/USD has rebounded on the H4 chart and continues to be trapped within a Falling Wedge pattern, we’ll have to wait for a fresh signal before we consider going long or short on this pair. The pair has increased as the Dollar Index has slipped lower today, a USDX’s further drop will push EUR/USD higher, […]

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GBP/USD Analysis: The direction of the short-term trend of the British pound is set by the algorithm of the rising wave from March 18. The current downward section from June 10 exceeded the level of the pullback. It completes the correction model of the entire current wave. Forecast: In the coming trading sessions, a general […]

GBP/USD Analysis: The direction of the short-term trend of the British pound is set by the algorithm of the rising wave from March 18. The current downward section from June 10 exceeded the level of the pullback. It completes the correction model of the entire current wave. Forecast: In the coming trading sessions, a general […]

Latest COT report (Commitments of Traders); Weekly prospects for GBP/USD The latest COT report (Commitments of Traders on 06/16/20.) showed a decline again in open interest in the pound (166.808 against 185.606). At the same time, it is noteworthy that major players were reducing positions on almost all fronts. The Commercials group was still more […]

Latest COT report (Commitments of Traders); Weekly prospects for GBP/USD The latest COT report (Commitments of Traders on 06/16/20.) showed a decline again in open interest in the pound (166.808 against 185.606). At the same time, it is noteworthy that major players were reducing positions on almost all fronts. The Commercials group was still more […]

Gold is trading at $1,747.44 level and most likely it will resume the bullish movement as the upside was confirmed once again. The price has increased as much as $1,758.43 today, but it has decreased a little in the last hours, still, this could be only a temporary drop after the aggressive rally. The price […]

Gold is trading at $1,747.44 level and most likely it will resume the bullish movement as the upside was confirmed once again. The price has increased as much as $1,758.43 today, but it has decreased a little in the last hours, still, this could be only a temporary drop after the aggressive rally. The price […]

USDJPY has been underperforming in the past few days, flirting with the mid-level of the Bollinger band, hovering around the 107.00 psychological mark. When looking at the last two weeks, the pair lacks a clear trend and has been consolidating after its bearish run from 109.85 stalled at 106.57. On the 4-hour chart, the RSI […]

The chart above shows the coronavirus statistics as of the morning of June 22. According to the data, the situations are now improving since at the weekend, the figures recorded were very terrible. Brazil saw a huge jump in new infections at about 55 thousand (!!!), which was the same as what Sweden or Belarus […]

Trading Recommendation Entry: 73.47 Reason for Entry: Horizontal swing high, 61% fib retracement Take Profit :72.70 Reason for Take Profit: 78% fibonacci extension, horizontal swing low support Stop Loss:74.20 Reason for Stop loss: Horizontal swing high resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USDCAD reversing below ascending trendline/channel… June 22, […]

The Australian dollar, paired with the US dollar, began the trading week with a small downward gap: if trading closed at 0.6835 on Friday, they started at 0.6811 on Monday. However, within a few hours, buyers of AUD/USD were able to close the gap and even update the high, although the pair’s growth is quite […]

Iraq announced that it will fully cut oil production this month, and agreed on details on how to compensate for its unfulfilled task in May. According to delegates, the agreement was finalized at the recent OPEC + meeting, and it gave additional confidence that the cuts will ultimately help the oil industry since demand is […]

Markets struggle for direction as second wave worries intensify WHO reports record increase in global cases, Apple re-closes some US stores Gold spikes higher but FX and stocks still not overly concerned Looking ahead, the battle between stimulus-fueled optimism vs second wave concerns will drive sentiment Emotional rollercoaster continues With the correlation between FX and […]

Gold is currently pushing efforts to overrun the upper Bollinger band residing at the 1,754 resistance. The mid-Bollinger band and the 50-day simple moving average (SMA) have managed to maintain optimism in a sideways market that has taken over since the 91-month peak of 1,765.03. The short-term oscillators reflect the latest boost in the price […]

EURUSD has been in a declining move over the last two weeks after the pullback off the 1.1420 resistance level. Currently, the pair is lacking direction in the medium-term, however, the 40-day simple moving average (SMA) posted a bullish cross with the 200-day SMA. The RSI is marginally sloping up near the neutral threshold of […]

A CFTC report released on Friday showed that investors had placed the largest bid to lower the dollar since mid-March. Net short on the dollar rose by 7.305 billion and reached 16.06 billion, which is the largest total net short position in the last two years, and investors’ confidence in the approaching decline in the […]

Today we take a look at and see AUDJPY 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 of EUR/USD for June 22, 2020: […]

Technical Market Outlook: The EUR/USD pair has tested the lower level of the support range located at 1.1185, but so far the bounce from this level is not very impressive. The oversold market conditions might help the bulls to test the nearest technical resistance located at the level of 1.1236, but they must break through […]

Good afternoon traders! Congratulations to those who followed our trading idea on June 16 , which was to open long positions in gold in order for the quotes to pass the level of 1745 in the D1 chart. Plan: Result: The movement amounted to more than 3,000 pips! “Price Action” and “Stop Hunting” strategies were […]

Technical Market Outlook: The GBP/USD pair has almost hit the 1:1 market geometry level located at 1.2328. The low was made so far at the level of 1.2334, but there is still a chance for the price to hit this level. Due to the oversold market conditions and the completion of the correction based on […]

Crypto Industry News: Economist, financial commentator and gold supporter Peter Schiff has once again “bit” Bitcoin in a tweet, basically calling him a fiat currency, such as the US dollar, thus supporting the Fed’s position. “The Fed is right about Bitcoin. It categorizes it according to fiat, as opposed to gold, which has real value. […]