During market stress periods, safe-haven gold tends to generate strong returns, outperforming other alternative means of investment and hence moving rapidly in traders’ favor as a store of wealth. This year thanks to the Covid-19 pandemic, the precious metal printed new multi-year highs capitalizing more than 12% year-to-date, while compared to the same period last […]

Tesla’s stock recorded its best day of the year on Thursday as it managed to close slightly above 1,000 for the first time ever, re-activating its long-term uptrend above February’s all time high that preceded the virus-led crash. Expectations are now for the stock to give up some ground as the rally looks to be […]

News COVID: reported almost 10,000 new coronavirus cases on Thursday, with hospitals swamped in the worst-hit cities of Mumbai, New Delhi and Chennai, and predictions that the infection rate will not peak before the end of next month. Technical analysis: Gold has been trading upwards. As I expected,the price tested and rejected of the level […]

News COVID: reported almost 10,000 new coronavirus cases on Thursday, with hospitals swamped in the worst-hit cities of Mumbai, New Delhi and Chennai, and predictions that the infection rate will not peak before the end of next month. Technical analysis: Gold has been trading upwards. As I expected,the price tested and rejected of the level […]

Gold price is trading around its major resistance of $1,750. Today we focus on the RSI indicator and its resistance that is right above us now. A rejection is highly probable taking into account the longer-term bearish divergence seen as price was making higher highs. Blue lines – trading range Blue rectangle- resistance Black line […]

Gold price is trading around its major resistance of $1,750. Today we focus on the RSI indicator and its resistance that is right above us now. A rejection is highly probable taking into account the longer-term bearish divergence seen as price was making higher highs. Blue lines – trading range Blue rectangle- resistance Black line […]

Yesterday EURUSD broke out and below the bullish channel that started around 1.08. Price is bouncing today and hitting the broken channel below. This is important day to see if we get a rejection or a fake break down. Blue lines – bullish channel Black line- resistance trend line EURUSD is back testing the broken […]

News COVID: The UK government has dropped plans for full border checks on goods coming in from the EU from 1 January 2021 over fears of the economic impact of corona virus. Technical analysis: EUR/USD has been trading downwards. The price tested and rejected of the level at 1,1275. There is potential that 4H time-frame […]

An upcoming summit of EU leaders could decide the fate of the European recovery fund and the direction of Brexit talks, setting up possible stumbling blocks for the euro’s and pound’s rebounds. The pound will also be keeping an eye on the Bank of England’s policy meeting, with more QE looking likely. The Bank of […]

Once upon a time in a pre-covid world, the currency market and the stock market were driven by different factors. Correlations between the two existed of course, but they were limited to a few pairs, like dollar/yen. Nowadays though, it feels like every FX chart is linked directly to risk sentiment and equity market performance, […]

NZDUSD is currently restricted by the 50-period simple moving average (SMA) residing at the level of the inside swing low of 0.6468. The pair is dealing with selling pressures, which appear to be strengthening, something also reflected in the Ichimoku lines as well as the RSI and the MACD indicators. Despite a pause in negative […]

News: A local report from today informed that India’s Ministry of Finance had moved a note for inter-ministerial consultations. After the consultations, it will reach the cabinet and subsequently, the Parliament. Should it be successfully implemented, it could effectively ban dealing with cryptocurrencies in any form in the country. People familiar with the matter have […]

The worst trading day for US stock indices since mid-March forced the EUR/USD bulls to retreat. The main drivers of the euro’s strength at the turn of spring and summer were the epic rally of the US stock market, which contributed to the sale of safe-haven assets, and large-scale incentives of the EU and ECB, […]

Today we take a look at and see EURJPY how we are going to play the bounce! We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today! The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Instaforex Daily Analysis – 12th June 2020 June […]

Today we take a look at and see EURJPY how we are going to play the bounce! We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today! The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Instaforex Daily Analysis – 12th June 2020 June […]

Today we take a look at and see EURJPY how we are going to play the bounce! We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today! The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Instaforex Daily Analysis – 12th June 2020 June […]

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

GBPUSD is trading around the vicinity of 1.2640, that being the 23.6% Fibonacci retracement of the upward wave from 1.2075 to 1.2815 and where the red Tenkan-sen line currently lies.  The price is eating a portion of its last sessions’ losses but the RSI and the MACD are consolidating in the negative areas avoiding giving […]

The table above shows the global coronavirus situation as of the morning of June 12. The data indicates that the new “leaders” of the pandemic wave are the US, Brazil, Russia and India. In Russia, the total number of infected has reached 500 thousand. Brazil remains a terrible situation of 30 thousand new cases per […]

The table above shows the global coronavirus situation as of the morning of June 12. The data indicates that the new “leaders” of the pandemic wave are the US, Brazil, Russia and India. In Russia, the total number of infected has reached 500 thousand. Brazil remains a terrible situation of 30 thousand new cases per […]

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

The pair is currently trading below the average weekly move, making it possible for the quotes to return to the level of 107.75. There is a 90% chance of achieving such a scenario, so taking buy positions are highly recommended. In addition, the monthly control zones have already been tested, so a bullish movement is […]

The pair is currently trading below the average weekly move, making it possible for the quotes to return to the level of 107.75. There is a 90% chance of achieving such a scenario, so taking buy positions are highly recommended. In addition, the monthly control zones have already been tested, so a bullish movement is […]

Here is the chart of active coronavirus cases in Russia as of June 12. The total number of infected has exceeded 500,000 cases since the beginning of the outbreak. In many Russian cities hospitals are overloaded with patients. The situation is getting better in Moscow and St. Petersburg. Here is the chart of new coronavirus […]

EUR/USD plunged in yesterday’s session as the USDX rebounded after the last amazing drop. The pair’s direction is unclear after yesterday’s drop, the bearish candle has invalidated a further increase for now. The pair increases right now, but only because the dollar index is trading in the red, we’ll see what will happen in the […]