Hello, dear traders! Following the results of trading last week, the British pound became the leader among all major currencies that fell in price against the US dollar. In the last five days of trading, the pound/dollar currency pair declined by 1.43%. The main influence on the downward dynamics of the British currency was the […]

Crypto Industry News: Eight technology companies from seven different emerging economies will receive the investment tool for cryptocurrency Ethereum from the crypto fund UNICEF. The investment tool with UNICEF cryptography support has donated 125 ETH, worth approximately $ 28,600, to these companies for use in scaling or prototyping relevant technologies over the next six months. […]

Hello, traders! Last week, the US dollar was the undisputed favorite in the Forex market. The US currency strengthened against all major competitors, except for the Japanese yen. In particular, the main currency pair EUR/USD lost 0.60% in trading on June 15-19. The US dollar received additional demand amid fears of a second wave of […]

Although the macroeconomic calendar on Friday was almost empty, we observed a further gradual weakening of the single European currency. Although at first she even tried to recoup some of its losses from previous days. But all these attempts were completed as soon as the representatives of the Federal Reserve began to speak, who, as […]

From the point of view of complex analysis, you can see a strong downward movement, meaning that our forecasts coincided, let’s talk about the details. Last trading week managed to not only consolidate the success of the correctional move from the range level of 1.2770, but also return the market participants to the previous range […]

Forecast for June 22: Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1276, 1.1238, 1.1212, 1.1168, 1.1136, 1.1103, 1.1062 and 1.1035. Here, we continue to monitor the local descending structure of June 16. A short-term downward movement is expected […]

The week ended with the flag of worsening tensions on the Korean Peninsula, an outbreak of coronavirus infection in Beijing, and the non-decreasing COVID-19 pandemic in America. Tensions have clearly increased in the markets due to geopolitical tensions between North Korean and South Korea, which again demonstrated to investors the fragility of the peace established […]

The dollar index soared during the end of the trading week, amid general nervousness in the financial markets and increased anti-risk sentiment. The US currency was in demand, although there was no specific reason for avoiding risks – a combination of negative factors played its role. However, after reaching an almost three-week high of 97.660, […]

EUR/GBP has rallied as ex[ected and has cleared resistance at 0.9025 indicating much more upside pressure towards 0.9499 in the weeks ahead. Nevertheless, it will not be in a straight line and therefore, we must accept short-term corrections and in the short-term we could see a dip to 0.9007 before the next advance towards 0.9184, […]

The decline from 124.43 has reached a new low at 119.31. The deeper than expected corrective drop from 124.43 has once again forced us to review our count from wave (E) at 114.40. The rally from 114.40 to 124.43 can be counted as a complete impulsive rally (five waves). This rally does fulfill all requirements, […]

Trading Recommendation Entry: 1.36023 Reason for Entry: Market price Take Profit: 1.35591 Reason for Take Profit: 100% Fibonacci extension, ascending trendline support (channel support) Stop Loss: 1.36303 Reason for Stop Loss: 88% Fibonacci extension, ascending trendline resistance (channel resistance) The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis of Gold for June […]

Trading Recommendation Entry: 1.36023 Reason for Entry: Market price Take Profit: 1.35591 Reason for Take Profit: 100% Fibonacci extension, ascending trendline support (channel support) Stop Loss: 1.36303 Reason for Stop Loss: 88% Fibonacci extension, ascending trendline resistance (channel resistance) The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis of Gold for June […]

GBP/USD 1H The pound/dollar continues its downward movement as if nothing had happened. Quotes of the pair continue to move strictly inside the descending channel, closer to its bottom line. The bears crossed the support area of 1.2402-1.2422 with relative ease last Friday, so the upward correction did not start, and buyers did not get […]

EUR/USD 1H The EUR/USD pair continued to move down on the hourly timeframe on June 19 and reached the support level of 1.1171 at both the end of the trading day and week. The euro/dollar continues to move strictly in the middle of the downward channel, not approaching its upper or lower line. At the […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – down. CCI: -167.9343 The British pound has also been trading lower over the past week, but unlike the euro, it has fallen much more. However, we have repeatedly said that if the […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – down. CCI: -154.1407 The downward movement continued for the euro/dollar pair over the past week. Thus, the trend at the moment is already downward and there are no prerequisites for its change […]

4-hour timeframe The British pound also continued to fall in quotes throughout the past working week. Thus, if a week ago the euro and the pound were growing synchronously, now they are falling synchronously. And it turns out that with a high probability, the reasons for the movements of both pairs in the last three […]

4-hour timeframe The last trading day of the week for the euro/dollar currency pair was held in the same downward trading as the entire week. The fall of the European currency can not be called strong, however, it is confident and almost daily. However, we have repeatedly warned that the previous strengthening of the euro […]

Minor operational scale (Daily) What will happen to the “majors” in the last nine days of June? Development options for the movement of #USDX vs EUR/USD, GBP/USD, and USD/JPY on June 22, 2020. ____________________ US dollar index From June 22, 2020, the movement of the dollar index #USDX will be determined by the boundaries of […]

On the last business day this week, stocks in the Asia-Pacific region showed growth. Of course, market participants continue to be energized amid a new wave of coronavirus infections in the United States and China. The escalation of the conflict between the same countries adds even more negative. Nevertheless, today the market does not take […]

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 […]

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 […]

The acting protective asset, US dollar rises in price amid stocks decline. Bidding on Fridays looks mixed. The US securities market has returned to growth, despite concerns about the second wave of the spread of the coronavirus pandemic, and is preparing to complete the week with growth. At the same time, the greenback also retains […]

Markets grow by rumors and fall by facts. When the main bullish drivers are won back, there is a place for profit-taking, sales, which results in a correction. Best case scenario. The worst case is, the trend changes. In this regard, the fading of faith in the V-shaped recovery of the US economy, in an […]