USD/JPY Yesterday’s optimism in the stock markets in connection with the Federal Reserve’s announcement of a new program for the redemption of corporate bonds, to a lesser extent affected the Japanese yen. The daily candle remained black, although it still closed above the price channel line on the daily chart. The price may continue corrective […]

Trading Recommendation Entry: 1.35623 Reason for Entry: Graphical overlap Take Profit: 1.34599 Reason for Take Profit: 161.8% fibonacci extension Stop Loss: 1.35856 Reason for Take Profit: 38.2% Fibonacci retracement, moving average resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Economy falls deeper than expected June 15, 2020 Great Britain has paid […]

Intermediate operational scale (Weekly) What is expected in the weekly timeframe in the second half of 2020 from commodity instruments AUD/USD & USD/CAD & NZD/USD?____________________ Australian dollar vs US dollar The movement of the Australian dollar AUD/USD in the second half of 2020 will continue in the equilibrium zone (0.6510 – 0.6810 – 0.7130) of […]

Last week, the euro-dollar pair updated its three-month price high at 1.1422 as part of a three-week almost recoilless upward trend. But EUR/USD buyers clearly overestimated their strength – many traders began to take profits after reaching the 14th figure, provoking a downward correction. Therefore, in the second half of last week an impressive price […]

AUDJPY’s pullback from the fresh peak of 76.77 appears to have received some support from the 72.78 level, that being the 23.6% Fibonacci retracement of the up leg 59.85 – 76.77. The Ichimoku lines sponsor an improving picture as does the 50-day simple moving average (SMA) with its positive overlap of the 100-day SMA. However, […]

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 towards 1.0980 and 1.1075 (Fibo Level 50%). Shortly After, a bearish Head & Shoulders pattern was demonstrated around the price zone […]

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 towards 1.0980 and 1.1075 (Fibo Level 50%). Shortly After, a bearish Head & Shoulders pattern was demonstrated around the price zone […]

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 […]

Euro sellers tried to reverse the rate from 1.1500, however, it did not work out below 1.1200. This means that at present, the euro is trading upward. EURUSD: Prepare to buy from 1.1340. For aggressive purchases, you may consider buying from 1.1280. The target is at 1.1500. The acceleration of movement is expected on Tuesday […]

AUDJPY’s pullback from the fresh peak of 76.77 appears to have received some support from the 72.78 level that being the 23.6% Fibonacci retracement of the up leg 59.85 – 76.77. The Ichimoku lines sponsor an improving picture as does the 50-day simple moving average (SMA) with its positive overlap of the 100-day SMA. Looking […]

In America, important events begin early this week. On Tuesday, we get retail sales data for May (12:30 GMT), ahead of Fed Chairman Powell’s semi-annual testimony before the Senate (14:00 GMT). Powell will also appear before the House of Representatives on Wednesday (16:00 GMT) and his Q&A sessions with lawmakers on both occasions could be […]

Great Britain has paid an enormous price for stemming the spread of the coronavirus in the country. Today, the Office for National Statistics released a report stating that GDP dropped to a record 20.4% on a monthly basis in April. Economists had expected a decrease of just 18.7%. Furthermore, a slump was recorded in all […]

After the fall of the British pound at the end of the second week of June, there could be a feeling that investors have returned to reason. The serious damage of COVID-19 to the economy of the Foggy Albion and the impasse in the Brexit negotiations indicated that the GBP/USD pair should trade significantly lower. […]

CADJPY has been underperforming in the past few days, breaking back below the 20-period simple moving average (SMA). On the daily chart, prices rebounded off the 74.80 support level on May 7 but based on the RSI, momentum is too weak to provide a sustained move higher. However, the stochastic oscillator is creating a bullish […]

To open long positions on GBPUSD, you need: In the first half of the day, I paid attention to the probability of purchases around the support level of 1.2453, which happened. If you look closely at the 5-minute chart, you will see how the pressure on the pound has sharply decreased in the area of […]

To open long positions on EURUSD, you need: From a technical point of view, nothing has changed. If you look at the 5-minute chart, you are unlikely to see anything interesting that could indicate an entry into the market while the pair is trading around the level of 1.1244. I drew attention to the rather […]

USDJPYs’ efforts to gain ground were slashed around a two-month high of 109.84, and the price was returned beneath the Ichimoku cloud and to the proximity of the 200-period simple moving average (SMA) at 107.44. Additionally, despite the recent stall in the red Tenkan-sen line, the Ichimoku lines negative tone remains intact and could receive […]

GBPAUD is in fight again with the upper surface of the narrow descending channel that has been holding since the beginning of April with scope to end the bearish cycle after finding strong support near 1.8050. The persisting positive momentum in the RSI and the MACD, which is correcting towards the bullish area, is an […]

Corona virus summary: Looking at the latest coronavirus numbers, an upward trend in new COVID-19 cases was evident on Saturday. On Sunday, the number of new coronavirus cases rose by 124,839 to 7,984,332. On Saturday, the number of new cases had risen by 140,913. The daily increase was lower than Saturday’s rise while up from […]

This morning, the value of the US national currency began to grow against the main currencies of the world, in particular the Japanese yen. The reasons for the resumption of positive dynamics of the dollar should be found in the possibility of a repeat of the situation with the COVID-19 pandemic in the world against […]

Over the past 6 weeks, there was an increase in oil prices. However, today, on June 15, oil prices collapsed by 8.3%. According to experts, the oil price rally is possible, but only when demand returns to the previous levels. The extension of the oil output reduction to the levels logged in May and June […]

The excitement in buying the British pound is coming to an end. The recent data on the UK economy opened the eyes of investors who blindly believed in the quick recovery of the UK against the pandemic and economic crises. According to the minimum calculations of economists, the UK needs at least 3 years before […]

Good day, dear traders! During the last trading week, the GBP/USD currency pair ended with a decline, losing 0.67%. In this article, the main attention will be paid to technical nuances, and we will start considering the charts with the results of the past five days. Weekly As we can see, the pound bulls were […]

Hello, dear colleagues! According to the results of trading on June 8-12, a rather curious picture has developed. All commodity currencies showed strengthening against the US dollar, while the rest declined. This situation again suggests a continuing risk appetite among investors. Weekly If you go to the main currency pair of the Forex market, it […]