USDCAD at this point seems it may prolong its sideways course, pursuing the 200-day simple moving average (SMA). The horizontal posture within the Ichimoku lines and the 200-day SMA further sponsor this view. The short-term oscillators further emphasize the pause in the market but lean towards a negative bias. The MACD, in the negative region […]

GBPUSD has declined considerably after touching a three-month high of 1.2815 on June 10, while during yesterday’s session it posted a fresh three-week low around the 1.2400 handle and is currently not far above that nadir. The flat Tenkan- and Kijun-sen lines serve as a testament to the possible upside retracement. The RSI indicator is […]

AUD/USD is trading in the green today, but it continues to be under some bearish pressure after losing the chance to stay within the major up channel’s body. The pair could come back to test and retest the near-term resistance levels before it will decide its direction. The price increases as the USDX has decreased […]

The Bank of England is soon to introduce another aid package to the United Kingdom. It is another program for the purchase of bonds in the amount of at least £ 100 billion or $ 127 billion dollars. Apparently, the central bank will join its colleagues from around the world, including the US Federal Reserve. […]

Crypto Industry News: Over the past week, the cryptographic community has been confused by three small Ethereum transfers that have consumed millions of dollars in fees. However, new reports have indicated that seven-digit charges may have been deliberately spent as part of a blackmail program targeting the cryptocurrency exchange, and the Chinese analyst firm PeackShield […]

Crypto Industry News: According to recent Google Trends data, interest in bitcoin has reached its lowest level in three months. It began to disappear from the third halving in the history of the oldest cryptocurrency. Interest in bitcoin began to increase at the beginning of the year, when information about the COVID-19 virus began to […]

EUR/USD Analysis: The direction of the wave trend since March looks to the north of the price chart. Since May 7, the final part of the wave model (C) has formed. Within its framework, a correction in the form of a stretched plane has been developing since the beginning of this month. The correction structure […]

Technical Market Outlook: The EUR/USD pair has invalidated the Double Bottom price pattern and made another lower low at the level of 1.1190. Since then the was hardly a bounce as the bears are still in control over the market and might extend the drop to the level of 1.1148. This is the line in […]

Technical Market Outlook: The GBP/USD pair has broken out of the main channel zone and made a new low at the level of 1.2406. The bulls are trying to bounce now, but so far the price did not make it to the breakout level located at 1.2515. If the bulls will fail here, then the […]

Good afternoon traders! A slight revision of the trading idea on June 16 : The initial idea was to work out the pin bar in order to update the monthly stops of sellers: However, at the European session yesterday, gold falsely updated the local market, breaking out from the levels reached in the last three […]

For the euro/dollar pair, we continue to move downwards after passing through the price range of the noise range 1.1201 – 1.1182. The level of 1.1261 is the key support. For the pound/dollar pair, the continuation of the downward movement is expected after the passage of the noise range 1.2387 – 1.2345. The level of […]

GBPJPY bears dominated on Thursday, extending the two-week old downward correction to the 132.00 territory. Simultaneously, the RSI tumbled below its 50 neutral mark, while the MACD lost further ground below its trigger line, both flagging that there is more bearish fuel in store. Yet, it remains to be seen if the tentative ascending trendline […]

Trading Recommendation Entry: 1.3621 Reason for Entry: horizontal swing high, 61% fib retracement Take Profit :1.3490 Reason for Take Profit: 61% fibonacci extension, horizontal pullback support Stop Loss:1.3734 Reason for Stop loss: Horizontal swing high resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:NZDUSD reacted below descending trendline resistance… June 19, […]

Trading Recommendation Entry: 1.3621 Reason for Entry: horizontal swing high, 61% fib retracement Take Profit :1.3490 Reason for Take Profit: 61% fibonacci extension, horizontal pullback support Stop Loss:1.3734 Reason for Stop loss: Horizontal swing high resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:NZDUSD reacted below descending trendline resistance… June 19, […]

Good afternoon traders! Congratulations to those who followed our trading idea on June 17 , which was to open short positions on the EUR / USD pair. Stop Hunting strategy was used to locate buyers’ stops at the level of 1.12 Plan: A short initiative with a 50% pullback occurred in the chart: Result: Congratulations! […]

Good afternoon traders! Congratulations to those who followed our trading idea on June 17 , which was to open short positions on the EUR / USD pair. Stop Hunting strategy was used to locate buyers’ stops at the level of 1.12 Plan: A short initiative with a 50% pullback occurred in the chart: Result: Congratulations! […]

Greetings to all newbie crypto-traders and experienced crypto enthusiasts! In this article, we will discuss the anti-fragility of assets, in particular the crypto industry, as this is currently the most relevant. So, the term “anti-fragility” came to us from the famous professor, economist and trader Nassim Nicholas Taleb, who proved that profit can be made […]

Greetings to all newbie crypto-traders and experienced crypto enthusiasts! In this article, we will discuss the anti-fragility of assets, in particular the crypto industry, as this is currently the most relevant. So, the term “anti-fragility” came to us from the famous professor, economist and trader Nassim Nicholas Taleb, who proved that profit can be made […]

On the 4 hour chart now, we can see that USD/CHF is now moving in a narrow range. Overall, this pair has already formed a Triangle Pattern. It means that the USD/CHF pair will soon decline especially if this pair breaks out and closes bellow the red rectangle/ It will break through 0.9480 and 0.9375. […]

The result of the meeting of the Bank of England on Thursday did not bring any special surprises, which, against the backdrop of investor’s falling activity in the currency market, fits perfectly into the general outline of their behavior in the face of the probability of the risk of the second wave of the coronavirus […]

To open long positions on GBP/USD, you need: Bank of England Governor Andrew Bailey’s recent statement that the UK economy is recovering better than the central bank’s forecasts did not have the desired effect, which left the British pound under pressure right after the regulator expanded its bond redemption program. If you look at the […]

GBP/JPY dropped much lower than we had expected and now, it is testing the 78.6% corrective target and the channel support line. At the same time, we saw the bullish divergence for the RSI. This points to an impulsive rally in the near future. However, we were disapointed the last time we were waiting for […]

To open long positions on EUR/USD, you need: Yesterday’s indistinct attempt by the bears to continue the downward correction in the euro led to an update of the lows of the week and, in general, to maintain the trend to strengthen the US dollar. But there were problems in regards to the entry points. If […]

EUR/JPY moved to a low of 119.59 or just below the 61.8% corrective target. At 119.59, EUR/JPY met the support line of the pitchfork and this should be enough to turn the pair higher again. We were disipointed the last time we looked for a turn higher. So we would like to see minor resistance […]

Trading Recommendation Entry: 1.52195 Reason for Entry: horizontal swing low support, 78.6% fibonacci retracement Take Profit: 1.53273 Reason for Take Profit: 100% fibonacci extension, horizontal pullback resistance, 61.8% fibonacci retracement Stop Loss: 1.51718 Reason for Take Profit: horizontal swing low support, 76.4% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related […]