Hello, dear colleagues! On the first trading day of this week, the main currency pair showed an upward trend. Pressure on the US dollar was exerted by a decline in the yield of ten-year US government bonds, as well as the continued appetite of market participants for risk. In addition, the US Federal Reserve (FRS) […]

Today we take a look at XAUUSD and how we can use Fibonacci retracements, Fibonacci extensions, market momentum, trend lines and support/resistance to play this move.The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – USDCAD stalls above 23.6% Fibo;… June 16, 2020 USDCAD is trading around the vicinity of 1.3575, […]

Today we take a look at XAUUSD and how we can use Fibonacci retracements, Fibonacci extensions, market momentum, trend lines and support/resistance to play this move.The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – USDCAD stalls above 23.6% Fibo;… June 16, 2020 USDCAD is trading around the vicinity of 1.3575, […]

Trading Recommendation Entry:79.23 Reason for Entry: Horizontal overlap resistance Take Profit :78.85 Reason for Take Profit: 61.8% fibonacci extension, 61.8% fibonacci retracement Stop Loss: 79.65 Reason for Stop loss: Horizontal swing high resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USDCAD broke below ascending trendline support!… June 16, 2020 Trading RecommendationEntry: […]

Trading Recommendation Entry:79.23 Reason for Entry: Horizontal overlap resistance Take Profit :78.85 Reason for Take Profit: 61.8% fibonacci extension, 61.8% fibonacci retracement Stop Loss: 79.65 Reason for Stop loss: Horizontal swing high resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USDCAD broke below ascending trendline support!… June 16, 2020 Trading RecommendationEntry: […]

On Tuesday and Wednesday, the Fed will deliver its semi-annual economic report, which will provide more clarity to the Fed’s decision on bonds purchases and other monetary policy measures. Recall that just this Monday, the central bank announced its decision to expand the corporate lending program, allowing the purchase of individual corporate bonds in addition […]

EURJPY charted a higher high at a 13-month peak of 124.42 early this month, increasing speculation that the long-term downtrend started in 2018 has reached a bottom. Although the peak took the form of a bearish doji in the end of the day, pressuring the price to 120.24 in the subsequent sessions, the 20-day simple moving average […]

GBP/USD – 1H. British currency and began the growth process after fixing over the downward trend corridor. Thus, we can conclude that the mood of traders has changed again to “bullish”, and all the fault of the newly fallen demand for the US dollar. Thus, it is likely that major market players continue to get […]

Technical Market Outlook: After the overbalance was completed and GBP/USD has moved even lower to hit the level of 1.2466, the bulls decided to enter the market and push the price higher. As a result of their efforts, the price moved towards the 61% Fibonacci retracement located at the level of 1.2674 and is trading […]

Last week, which turned out to be largely a failure for the USD, was not in vain for the dollar. The indicated currency gathered its strength and began to move upward after drawing the appropriate conclusions. According to analysts, this trend will continue in the near future. The efforts of the US currency has been […]

Technical Market Outlook: The EUR/USD pair has bounced from the level of 1.1236 and rallied towards the 61% Fibonacci retracement of the previous wave down located at the level of 1.1342. If the rally will continue here, then the next target for bulls is seen at the level of 1.1361 and then at 1.1419. The […]

The global economy is already emerging from the crisis, but the pandemic is still yet to be stopped. According to data, citizens in the US, except for New York City which has already survived the pandemic, are still at a high risk due to the continued high infection rate in the country. New cases still […]

Crypto Industry News: On June 13, the company monitoring the cryptocurrency market – Glassnode, published data that indicate that the number of portfolios on which 0.1 BTC or more is stored has reached a new record. There are currently 3 054 282 such portfolios, which is 212 more than the previous record on May 21. […]

Forecast for June 16: Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1457, 1.1420, 1.1378, 1.1361, 1.1305, 1.1275, 1.1240, 1.1209, 1.1170, 1.1141 and 1.1090. Here, the situation is in equilibrium: the descending structure of June 10 and the formation […]

GBPUSD yesterday found a foothold on the mid-Bollinger band presently at the 1.2461 level, that being the 50.0% Fibonacci retracement of the down leg from 1.3514 to 1.1410. The flattened 200-day simple moving average (SMA) at 1.2683 and the 61.8% Fibo of 1.2711 overhead (forming a vital resistance area) are obstructing upside price actions. The […]

WTI oil futures over the last few sessions – as positive momentum evaporated – were unable to decisively overrun the 40-period simple moving average (SMA), remaining within the squeezed Bollinger bands that are suggesting an aggressive move if there is an exit of the channel. The short-term oscillators suggest a neutral mode for now. The […]

GBP/JPY unexpectedly dipped to a new low of 133.47. A drop was short-lived. The GBP/JPY pair is now recovering. It may break above the minor peak at 136.04 indicating that the correction from 139.74 has completed and a new impulsive rally to 148.32 is likely to occur. In the short-term, we should expect minor support […]

The correction from 121.82 completed with a dip to 120.31 before starting to rally higher to break above the minor peak at 121.82. We should expect support near 121.47 being able to protect the downside for the next push higher towards 122.50 and 123.49 on the way higher to the next upside target at 125.76. […]

The correction from 121.82 completed with a dip to 120.31 before starting to rally higher to break above the minor peak at 121.82. We should expect support near 121.47 being able to protect the downside for the next push higher towards 122.50 and 123.49 on the way higher to the next upside target at 125.76. […]

To open long positions on GBP/USD, you need: Despite gloomy fundamental statistics and the lack of progress in trade negotiations between the UK and the EU, the British pound continues to show strength and improves its position against the US dollar. Yesterday I paid attention to the purchase of the pound, both in the morning […]

To open long positions on GBP/USD, you need: Despite gloomy fundamental statistics and the lack of progress in trade negotiations between the UK and the EU, the British pound continues to show strength and improves its position against the US dollar. Yesterday I paid attention to the purchase of the pound, both in the morning […]

To open long positions on EUR/USD, you need: Buyers of the European currency did an excellent job and decided not to wait for the situation to worsen and return to the market as early as possible. In my forecast for the afternoon, I drew attention to purchases above the level of 1.1244 with a repeated […]

EUR/USD On Monday evening, the Federal Reserve announced the launch of a new program to help markets and large businesses – the redemption of corporate bonds from the secondary market worth up to 10% per issuer. Risk appetite sharply grew, the S&P 500 showed an increase of 0.83%, while the euro added 68 points. In […]

GBP/USD One technical bullish aspect managed to work out yesterday, to which we paid attention – this is the reversal of the signal line of the Marlin oscillator from the border of the declining trend territory. The signal line reversal occurred (marked by an arrow on the daily chart), the pound rose by 195 points […]

AUD/USD Yesterday evening, the aggressive growth of the US dollar due to the Federal Reserve’s statement about the intention to buy corporate bonds from the secondary market pushed the Australian currency up, it ended the day above a strong technical level of 0.6900. The Marlin oscillator is growing; formally, the target 0.7080 is open before […]