4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 96.5416 The EUR/USD currency pair continues its upward movement, which is very difficult to justify fundamentally. In fact, there are so many events happening in America right now that any […]

EURUSD is making higher highs. Price remains inside the bullish channel and as long as price is above 1.1315-1.13 bulls will have the upper hand. The RSI is however not making higher highs and doesn’t follow price. This is a bearish divergence. Blue lines – bullish channel Black line – bearish divergence As long as […]

This morning, the US dollar declined against other world currencies due to the expectations on Fed decisions regarding additional measures that will help curb the increase in bond yields. The Australian and New Zealand dollars arose amid news of an increase in business activity in both countries, following the mitigation of quarantine restrictions related to […]

Crude oil prices started to decline today. The reasons for the panic turned out to be more than enough, but first of all, market participants were worried about the increase in raw material reserves in the United States of America. The data of the API (American Petroleum Institute) makes traders think about the further situation. […]

This morning, gold has finally changed its negative dynamics. Precious metal futures contracts began to grow. Gold futures for August delivery went up by 0.03% in value during New York trading, sending them to the level of $ 1,722.35 per troy ounce. This slight rise was evidence of the breaking trend in the precious metal […]

This morning, gold has finally changed its negative dynamics. Precious metal futures contracts began to grow. Gold futures for August delivery went up by 0.03% in value during New York trading, sending them to the level of $ 1,722.35 per troy ounce. This slight rise was evidence of the breaking trend in the precious metal […]

Minuette operational scale (H4) The second week of summer – overview of movement options for the main precious metals Gold, Palladium, Platinum, and Silver on June 11, 2020. ____________________ Spot Gold The development of the Spot Gold movement from June 11, 2020 will be due to the development and direction of the breakdown of the […]

The US dollar continues to lose ground in almost all pairs, including paired with the European currency. A pair of EUR/USD updated its multi-month high again today, reaching 1.1390. The last time the price was at such peaks was in early March, that is, even before the start of the coronavirus crisis. It is noteworthy […]

NZD/USD & AUD/USD declined to 0.6495 after China’s disappointing CPI. NZD/USD. On a monthly basis, strong U-TURN is expected downward as a correction to 0.6240 and 0.6000. NZD/USD has managed to come back below the long-term trend line (Pre-COVID 19 Resistance) from a multi-year low of 0.5450. Currently, NZDUSD outlook is cautiously bullish as the […]

Although the civil unrest in the United States continues to rage on, and the economic situation is still weak and unstable, the stock market has surprised traders once again. The Nasdaq index has surged by more than 10% since early January, while the S&P 500 index returned to the levels seen last year. America’s economy […]

From the point of view of complex analysis, we can see that the long positions returned the quotes to its starting levels. The past trading day had two bursts of activity in relation to the accumulation at 1.1270 / 1.1320, during which the quotes managed to pass the border of 1.1270 at the beginning of […]

Corona virus summary: According to the latest data Technical analysis: BTC has been trading sideways at the price of $9,750 . I see further potential for the downside continuation and I do expect lower BTC. Trading recommendation: The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading recommendations for the EUR/USD pair on […]

Corona virus summary: FED SEPS RETURN, NO MAJOR POLICY CHANGES FOR NOW Technical analysis: EUR/USD has been trading upwards. I see further upward continuation towards the levels at 1,1450-1,1490. Trading recommendation: EUR/USD is on the extended run to the upside (multi closes above 5SMA) The material has been provided by InstaForex Company – www.instaforex.com Related […]

Corona virus summary: UK economy set to be hardest hit in OECD The UK economy is set to be the hardest hit by coronavirus among the world’s developed countries, according to the Organisation for Economic Co-operation and Development (OECD). In its latest global economic outlook, the OECD predicted Britain’s economy was likely to slump by […]

Overview: The AUD/USD pair broke resistance which turned to strong support at the level of 0.6882 last week. The level of 0.6882 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 70. The RSI is […]

No matter how strong the US employment data for May look, the crisis is not over yet. And when it ends, the United States will accumulate a mountain of debt, their financial condition will deteriorate, which can undermine the status of the dollar as the main reserve currency. At such times, investors run to gold, […]

No matter how strong the US employment data for May look, the crisis is not over yet. And when it ends, the United States will accumulate a mountain of debt, their financial condition will deteriorate, which can undermine the status of the dollar as the main reserve currency. At such times, investors run to gold, […]

EURGBP has been in a head and shoulders pattern over the last three weeks and a close below the neckline of the 0.8860 support could endorse this formation, suggesting a downside movement. The 20- and 40-period simple moving averages (SMAs) are acting as strong resistance lines for the bulls and the RSI is moving marginally below the 50 […]

To open long positions on GBPUSD, you need: In my morning forecast, I paid attention to the level of 1.2752 and recommended opening long positions from it when this range is broken. If you look at the 5-minute chart, you will see how the bulls easily got above this range and then held it when […]

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 […]

To open long positions on EURUSD, you need: Even in the first half of the day, I paid attention to the level of 1.1359. Fixing above this range should have been a signal to open long positions, however, if you look at the 5-minute chart, the bulls did not manage to catch on to this […]

Hello, dear colleagues! According to the results of yesterday’s trading, the main currency pair of the Forex market managed to close the day’s session in positive territory, that is, growth. Now it is difficult to understand exactly why the US currency is weakening, however, the fact remains. It is likely that the decline of the […]

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 […]

Gold is trading at the $1,718 level and it maintains a bullish outlook, even if the rate is trapped within a down channel. The descending channel could be considered as a continuation pattern if the yellow metal registers an upside breakout. The gold price is still bullish despite a drop below the $1,700 level. Dovish […]

The table above shows the worsening situation of coronavirus cases around the world. The data indicates that as of the morning of June 10, the US once again recorded an increase in the number of deaths, after declining strongly for about two days. The figure is again above 1,000 per day. Brazil also observed a […]