Trend analysis (Fig. 1). Today, the downward trend may continue from the level of 1.2540 (closing of the Friday afternoon candle) with the target at the support line 1.2403 (red bold line). If this line is reached, an upward pullback is possible with the target of 1.2518 – a 61.8% pullback level (blue dashed line). […]

The CFTC report released on Friday showed a steady increase in positivity. All commodity currencies, without exception, significantly reduced their net short positions, and on the contrary, the franc and yen lost significant volumes in long positions. The long position on gold and the total position on the dollar also declined, which can be regarded […]

The GBP/USD pair moved up and tested the historical resistance level of 1.2781 (yellow dashed line) last week which was followed by a price decline. In turn, it tested the pullback level of 38.2% – 1.2528 (red dashed line) while moving down the market. Most likely, the price may continue to decline this week. Trend […]

To open long positions on EUR/USD, you need: We received just a few excellent signals to sell the euro last Friday, which, judging by the schedule, can start a rather deep fall in the second half of this month. If you look at the 5-minute chart, you will see a false breakout, which was formed […]

On Friday, a weekly control zone of 1.1240-1.1222 was reached with a decrease, which made it possible to record part of the sales opened earlier. It is necessary for the EUR/USD pair to stay below the weekly control zone 1/2 1.1313-1.1304 for further decline to continue. The next goal of the bearish movement will be […]

Trading Recommendation Entry: 1.82945 Reason for Entry: Moving average support Take Profit: 1.84504 Reason for Take Profit: Horizontal swing high, -61.8% fibonacci retracement Stop Loss: 1.81864 Reason for Take Profit: Horizontal swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/AUD holding above ascending trendline support.… June 15, 2020 Trading RecommendationEntry: […]

Trading Recommendation Entry: 1.82945 Reason for Entry: Moving average support Take Profit: 1.84504 Reason for Take Profit: Horizontal swing high, -61.8% fibonacci retracement Stop Loss: 1.81864 Reason for Take Profit: Horizontal swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/AUD holding above ascending trendline support.… June 15, 2020 Trading RecommendationEntry: […]

Trading Recommendation Entry: 1.82945 Reason for Entry: Moving average support Take Profit: 1.84504 Reason for Take Profit: Horizontal swing high, -61.8% fibonacci retracement Stop Loss: 1.81864 Reason for Take Profit: Horizontal swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/AUD holding above ascending trendline support.… June 15, 2020 Trading RecommendationEntry: […]

Trading Recommendation Entry: 1.82945 Reason for Entry: Moving average support Take Profit: 1.84504 Reason for Take Profit: Horizontal swing high, -61.8% fibonacci retracement Stop Loss: 1.81864 Reason for Take Profit: Horizontal swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/AUD holding above ascending trendline support.… June 15, 2020 Trading RecommendationEntry: […]

Trading Recommendation Entry: 1.82945 Reason for Entry: Moving average support Take Profit: 1.84504 Reason for Take Profit: Horizontal swing high, -61.8% fibonacci retracement Stop Loss: 1.81864 Reason for Take Profit: Horizontal swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/AUD holding above ascending trendline support.… June 15, 2020 Trading RecommendationEntry: […]

Trading Recommendation Entry: 1.82945 Reason for Entry: Moving average support Take Profit: 1.84504 Reason for Take Profit: Horizontal swing high, -61.8% fibonacci retracement Stop Loss: 1.81864 Reason for Take Profit: Horizontal swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/AUD holding above ascending trendline support.… June 15, 2020 Trading RecommendationEntry: […]

Trading Recommendation Entry: 1.82945 Reason for Entry: Moving average support Take Profit: 1.84504 Reason for Take Profit: Horizontal swing high, -61.8% fibonacci retracement Stop Loss: 1.81864 Reason for Take Profit: Horizontal swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/AUD holding above ascending trendline support.… June 15, 2020 Trading RecommendationEntry: […]

EUR/USD The euro fell by 42 points last Friday. It did not reach the target level of 1.1200 by 13 points, we are waiting for its development in the near future and only after that a local correction in the range of 1.1200/65. A small divergence on the Marlin oscillator continues to remain in force. […]

EUR/USD The euro fell by 42 points last Friday. It did not reach the target level of 1.1200 by 13 points, we are waiting for its development in the near future and only after that a local correction in the range of 1.1200/65. A small divergence on the Marlin oscillator continues to remain in force. […]

GBP/USD The British pound fell 63 points on Friday, breaking the support of the Fibonacci level of 123.6%. The pound’s nearest target is the Fibonacci level of 138.2%, then 161.8%. But there is one nuance here – the signal line of the Marlin oscillator came close to the border of the bears’ territory, and this […]

GBP/USD The British pound fell 63 points on Friday, breaking the support of the Fibonacci level of 123.6%. The pound’s nearest target is the Fibonacci level of 138.2%, then 161.8%. But there is one nuance here – the signal line of the Marlin oscillator came close to the border of the bears’ territory, and this […]

AUD/USD The Australian dollar traded in the range of 113 points on Friday, ending the day by gaining 10 points; the level of 0.6900 served as resistance to volatility, under which the price showed actual consolidation. The Marlin oscillator has moved to the lower half of its field, thereby indicating a transition to a declining […]

AUD/USD The Australian dollar traded in the range of 113 points on Friday, ending the day by gaining 10 points; the level of 0.6900 served as resistance to volatility, under which the price showed actual consolidation. The Marlin oscillator has moved to the lower half of its field, thereby indicating a transition to a declining […]

USD/JPY The dollar slightly strengthened against the yen last Friday thanks to the growth of stock indices – S&P 500 added 1.31%. The price went above the balance and MACD indicator lines on the daily chart, and also above the inner line of the price channel. Corrective price growth may continue to the control level […]

GBP/USD 1H The pound/dollar, as well as the euro/dollar, continued its downward corrective movement on Friday, June 12. Thus, most likely, in recent weeks, traders have been getting rid of the US dollar more than buying the euro and the pound. Selling the US currency ended last Wednesday. We still cannot say for sure what […]

EUR/USD 1H The EUR/USD pair continued its downward movement and crossed the critical Kijun-sen line on the hourly timeframe on June 12. After about two weeks of continuous and virtually recoilless growth, the pair still began to decline. However, so far this downward movement falls only under the definition of a correction. Two upward trend […]

Today in Britain, key data on the growth of the national economy were published. Despite the extremely pessimistic forecast, the real numbers were even worse. Indicators have gone far into the negative, reflecting the consequences of the coronavirus crisis. This result should have “sunk” the British currency – and especially when paired with the dollar, […]

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 […]

Stock market growth has passed the test of reality. On Thursday, losses exceeded 6% which may be the beginning of a bearish market. Is it now okay that investors begin to expect the recovery of the economy? Markets are recovering on Friday, but activity in this area is weak. The dollar managed to make a […]

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 […]