AUD/USD The Australian dollar fell by a symbolic four points yesterday, but it did the most important thing – it consolidated at the target level of 0.6900. The Marlin oscillator has penetrated into the zone of bears on a daily scale, the target at 0.6680 is open. Today’s Australian employment data for May, which showed […]

AUD/USD The Australian dollar fell by a symbolic four points yesterday, but it did the most important thing – it consolidated at the target level of 0.6900. The Marlin oscillator has penetrated into the zone of bears on a daily scale, the target at 0.6680 is open. Today’s Australian employment data for May, which showed […]

EUR/USD Investors moved towards averting risk on Wednesday: the S&P 500 stock index lost 0.36%, the yield of 5-year US government bonds fell from 0.336% to 0.326% this morning, gold slightly grew by 0.02%, the dollar index strengthened by 0.06%, while the euro lost 18 points. The euro has firmly established itself in the range […]

GBP/USD 1H The pound/dollar, as well as the euro/dollar, continues a rather sluggish decline inside the downward channel and has almost reached the upward trend line, which can gain serious support for trading on the rise. Therefore, formally, an upward trend is still in place in the medium term. However, we still believe that the […]

EUR/USD 1H The EUR/USD pair continued a rather weak downward movement and managed to overcome the Senkou Span B line on the hourly timeframe on on June 17. Thus, traders continue a confident, but weak, downward movement exactly in the middle of the descending channel. The first goal is still the support level of 1.1171. […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – downward. CCI: -56.2751 The British pound has also resumed its downward movement and in general, in the last few days, it has been moving identically with the euro/dollar pair. This suggests that […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – downward. CCI: -101.1232 The third trading day of the week was again relatively quiet trading. The euro/dollar pair resumed its downward movement and once again settled below the moving average line. In […]

Minor operational scale (Daily) The third week of the first month of summer. Adjusting? Options for the development of the movement for #USDX vs EUR/USD, GBP/USD, and USD/JPY (Daily) on June 18, 2020. ____________________ US dollar index From June 18, 2020, the movement of the dollar index #USDX will continue depending on the direction of […]

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 […]

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 […]

The euro was in the doldrums during the lockdown period until the two largest EU economies came together in support of a new recovery fund which would give out grants, sending the common currency to a three-month high. The amount announced is not significant but perhaps is considered enough to lead to more integration if […]

Today, the price of gold again shows a decline. On the trading floor in New York, futures for precious metals for August delivery became 0.25% cheaper, which pushed them to the mark of $ 1,732.20 per troy ounce. Support for gold was at $ 1,706.20 per troy ounce, while resistance was in the region of […]

NZDJPY is extending its sideways trading in the four-hour chart, trailing the lower bound of the Ichimoku cloud. The 20-period moving average (MA) is flatlining in the same region, providing additional support against downward attempts. The momentum indicators further underline the neutral short-term picture, though with the RSI glued slightly below the 50 level and […]

Let’s take a look at the number of active virus cases in Russia on June 17. The chart reflects the number of people under treatment. Today, there are 244 thousand. There is no decline. However, we can see consolidation on the levels close to the highs. In Moscow, the number of confirmed virus cases dropped […]

Let’s take a look at the number of active virus cases in Russia on June 17. The chart reflects the number of people under treatment. Today, there are 244 thousand. There is no decline. However, we can see consolidation on the levels close to the highs. In Moscow, the number of confirmed virus cases dropped […]

EURUSD: A very narrow consolidation has been formed, now we are waiting for an exit in the near future. Consider selling from 1.1210. Purchases from 1.1305. Stops of 45 points in a 4-digit. Profit no less than 100 pp. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trader’s diary on June 17, […]

New Zealand will be the last of the major economies to report GDP estimates for the first quarter. The data, due at 22:45 GMT on Wednesday, will likely show the Pacific island nation recorded its first economic contraction in nine years in the first three months of 2020. Policymakers at the Reserve Bank of New […]

USDCHF recovered somewhat after touching a three-month low of 0.9375, but the rebound has been capped by the 50-period simple moving average (SMA) on the four-hour chart, and negative forces seem to have taken over again. The broader picture is still bearish, with the pattern of lower highs and lower lows not broken by the […]

EURUSD is at 1.1244 just a few pips away from key short-term support. A break below 1.1215 will open the way for a move lower towards 1.1175 and 1.1140. Price is making lower lows and lower highs. The rejection at 1.1340 was a bearish sign. Blue lines-bullish channel broken Black line- RSI resistance Red lines […]

Gold price has made another pull back towards cloud support at $1,713 and so far price remains above the Kumo. Bulls continue to have the control of the trend and as long as price continues to trade above $1,700, we remain cautiously optimistic. Gold price has pulled back below the tenkan-sen (red line indicator) and […]

Gold price has made another pull back towards cloud support at $1,713 and so far price remains above the Kumo. Bulls continue to have the control of the trend and as long as price continues to trade above $1,700, we remain cautiously optimistic. Gold price has pulled back below the tenkan-sen (red line indicator) and […]

China’s economy is gradually reviving after the coronavirus crisis. Experts say there are no signs of a V-shaped recovery as there is no demand. This means that the rest of the world could face the same difficulties. Sean Roche, Asia-Pacific region chief economist at S&P Global Ratings, noted that it would be difficult to return […]

The price of oil this morning began to adjust downward after the powerful rise yesterday. Market participants continue to be interested in news reports on the number of COVID patients in China and the United States of America. In addition, they are tense in anticipation of the publication of the latest statistics on oil reserves, […]

To open long positions on GBPUSD, you need: The bulls got close to the morning resistance of 1.2591 several times, however, they did not manage to get beyond it. If you look at the 5-minute chart, you will see how each time, and there were only three attempts, the bears actively acted when approaching the […]

EURAUD is continuing its aggressive selling interest from the eleven-year peak of 1.9800, achieved on March 19. The price is still moving below the short-term simple moving averages (SMAs) and the stochastic posted a bearish crossover within its %K and %D lines. However, the MACD is gaining some ground above its trigger line but remains […]