Trading Recommendation Entry: 0.64186 Reason for Entry: Graphical overlap Take Profit: 0.63813 Reason for Take Profit: 161.8% Fibonacci extension, graphical swing low Stop Loss: 0.64389 Reason for Stop Loss: 50% Fibonacci retracement, descending trendline resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Gold bulls unable to reclaim key resistance June 18, […]

Trading Recommendation Entry: 0.64186 Reason for Entry: Graphical overlap Take Profit: 0.63813 Reason for Take Profit: 161.8% Fibonacci extension, graphical swing low Stop Loss: 0.64389 Reason for Stop Loss: 50% Fibonacci retracement, descending trendline resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Gold bulls unable to reclaim key resistance June 18, […]

EUR/USD The dollar continues the offensive. The euro fell by 37 points yesterday, having reached the bears’ target level of 1.1195. The signal line of the Marlin oscillator almost touches the border of the downward trend territory. Marlin’s transition to the zone of negative values will allow the price to move even deeper, to the […]

EUR/USD The dollar continues the offensive. The euro fell by 37 points yesterday, having reached the bears’ target level of 1.1195. The signal line of the Marlin oscillator almost touches the border of the downward trend territory. Marlin’s transition to the zone of negative values will allow the price to move even deeper, to the […]

GBP/USD The Bank of England increased its asset repurchase program to its balance sheet by £ 100 billion on Thursday, bringing the total program to £745 billion. As a result, the pound closed the day by going down 132 points. The price fulfilled the target at the Fibonacci level of 138.2%. Marlin has infiltrated the […]

GBP/USD The Bank of England increased its asset repurchase program to its balance sheet by £ 100 billion on Thursday, bringing the total program to £745 billion. As a result, the pound closed the day by going down 132 points. The price fulfilled the target at the Fibonacci level of 138.2%. Marlin has infiltrated the […]

AUD/USD The Australian dollar remained aloof from European events and fell by only 30 points yesterday. Perhaps the aussie is waiting for commodities or new data on China to decline in order to act more confidently. Iron ore (-0.63%) and a number of non-ferrous metals (nickel -0.32%, lead -0.40%) are among the key products for […]

AUD/USD The Australian dollar remained aloof from European events and fell by only 30 points yesterday. Perhaps the aussie is waiting for commodities or new data on China to decline in order to act more confidently. Iron ore (-0.63%) and a number of non-ferrous metals (nickel -0.32%, lead -0.40%) are among the key products for […]

USD/JPY The movement of the USD/JPY pair turned out to be weak on Thursday – it ended the day with a loss of five points. But the price has been recorded under the MACD indicator line, which shows us the direction of the trend and the future movement of the asset, depending on where its […]

USD/JPY The movement of the USD/JPY pair turned out to be weak on Thursday – it ended the day with a loss of five points. But the price has been recorded under the MACD indicator line, which shows us the direction of the trend and the future movement of the asset, depending on where its […]

GBP/USD 1H The pound/dollar pair significantly lost more than the euro/dollar pair yesterday, thanks to the decision of the Bank of England to expand the program of repurchase of securities by 100 billion euros. As a result, the British currency fell into the support area of 1.2400-1.2420 by the end of the day. Thus, further […]

EUR/USD 1H The EUR/USD pair continued its downward movement clearly inside the descending channel on the hourly timeframe, on June 18, showing the moderate intentions of the bears. As a result, the pair almost reached the support level of 1.1171 by the end of the trading day, which we gave as the main target level […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – downward. CCI: -228.0870 The British pound fell yesterday after the results of the Bank of England meeting were summed up. In principle, this is what we talked about a day earlier when […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – downward. CCI: -173.3454 The fourth trading day of the week again passed in fairly quiet trading, although no important macroeconomic reports and events were planned for this day. Moreover, many topics have […]

So, contrary to conflicting rumors, the Bank of England still implemented the dovish scenario today. Although the regulator left the interest rate unchanged, and the asset buyback program was expectedly expanded by £100 billion, the pound was still knocked down, primarily due to subsequent comments by BoE Governor Andrew Bailey. On the eve of the […]

So, contrary to conflicting rumors, the Bank of England still implemented the dovish scenario today. Although the regulator left the interest rate unchanged, and the asset buyback program was expectedly expanded by £100 billion, the pound was still knocked down, primarily due to subsequent comments by BoE Governor Andrew Bailey. On the eve of the […]

All the actions and comments of officials of the Federal Reserve indicate that the economic recovery from coronavirus is not going as fast as we would like. Putting on a V-shaped recovery is at least a mistake, especially now that the number of infected people has begun to increase. People are talking about the second […]

All the actions and comments of officials of the Federal Reserve indicate that the economic recovery from coronavirus is not going as fast as we would like. Putting on a V-shaped recovery is at least a mistake, especially now that the number of infected people has begun to increase. People are talking about the second […]

Oil is the most important asset for us, and today I would like to consider its prospects for June and July 2020, especially since last week new data were released from the US Energy Information Agency (US EIA), which allows us to look at the oil market not only from a technical but also from […]

The price of crude oil this morning is again correcting down. Market participants are seriously worried about the real possibility of a second wave of the coronavirus pandemic in the world. Nobody wants to experience such a situation for the second time in a row, especially the black gold markets, which are probably the worst […]

Minuette operational scale (H4) What will happen with the EUR/GBP, GBP/JPY, and EUR/JPY currency pairs in the H4 timeframe – options for the development of the movement from June 19, 2020. ____________________ Euro vs Great Britain pound Starting June 19, 2020, the development of the movement of the “main” cross-instrument EUR/GBP will be determined by […]

Gold price briefly pushed above $1,730 key resistance today but sellers were stronger and price is making a bearish reversal now. Price is entering the short-term Ichimoku cloud now and combined with the rejection at the $1,730 resistance, this is a bearish sign. Gold price is again below both the tenkan-sen and kijun-sen. Bulls did […]

NZDUSD’s short-term bullish picture under scrutiny as the pair is presently resting on the lower band of the Ichimoku cloud. The latest sideways move may gain a negative boost should it dip under the cloud and the 50-period simple moving average (SMA) continue its gradual downturn. At this time signals for directional momentum reflected in […]

EURUSD is breaking below short-term support confirming our bearish view for a move lower towards 1.1150. Price continues to make lower lows and lower highs and the RSI continues to trade below the key resistance trend line. Blue lines – bullish channel broken Black line – RSI resistance Red lines- expected path EURUSD is expected […]

EURUSD is breaking below short-term support confirming our bearish view for a move lower towards 1.1150. Price continues to make lower lows and lower highs and the RSI continues to trade below the key resistance trend line. Blue lines – bullish channel broken Black line – RSI resistance Red lines- expected path EURUSD is expected […]