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 […]

Today we take a look at and see AUDCAD 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:Analysis and forecast for EUR/USD on June 10, 2020 June […]

In the current situation, experts note the competition that arose between the two traditional defensive assets. During the period of activation of COVID-19 pandemic, investors massively invested in both the dollar and the gold, however, the balance is now in favor of gold. The declining moods regarding the dollar are largely facilitated by experts’ statements […]

NZDUSD reached overbought levels according to the RSI and found strong resistance just after touching a four-month high of 0.6580.  Also, the MACD is holding above its red trigger line, which supports the bullish view, while the 20-day simple moving average (SMA) keeps increasing its distance above the 40-day SMA, suggesting that the recent upward move is likely to stay in place for now. […]

EUR/USD has managed to resume the upside movement after the minor temporary drop. The pair is trading at 1.1366 and most likely it will pressure the 1.1383 previous high, a valid breakout, another higher high, will validate further gains. You should be careful today as the US will release the CPI data, the CPI, and […]

EUR / USD On June 9, the EUR/USD pair gained about 50 basis points and thus resumed the construction of the upward trend section. This morning, about 30 more points were scored. Thus, the proposed wave 4 in 3 in C to B completed its construction, and the tool began to build wave 5. If […]

The main news for today is the decision of the Fed on interest rates, and the assessment of further prospects for economic recovery after the coronavirus pandemic, which, by the way, is not over yet, judging by the latest data. Many economists are expecting the Fed to announce the preservation of a soft monetary policy […]

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The USD index rose in activity yesterday, moving to the level of 97.02, but then turned around and quickly went down, updating the three-month lows at the base of the 96th figure. Rumors about the possible decisions on the Fed meeting are the main reason for the abrupt change in the movement. One cause of […]

The middle of this week has become a milestone for financial markets waiting for the meeting of the US Fed. Most forecasts come down to the fact that the regulator will stick to the previous monetary policy and leave the key rate at the current level. At the same time, the market minority is tensely […]

No action expected from Fed today, but signals will determine whether the ‘risk party’ can keep going Dollar extends losses ahead of rate decision, Nasdaq hits new record high Sinking greenback raises all other boats – euro, pound, franc, and commodity currencies near highs We’ll also hear from key ECB and BoE officials, and the […]

The US 100 cash index skyrocketed to a fresh all-time high of 10,017.20 earlier today, stretching its bullish outlook from the 14-month trough of 6,635 posted on March 23. According to the momentum indicators the strong bullish tendency could continue as both the RSI and stochastics are continuing to flirt with overbought levels. The RSI […]

GBPJPY is currently fixed at the 136.94 level, that being the 61.8% Fibonacci retracement of the down leg from 144.94 to the 41½-month low of 123.97. The pair’s retreat from the fresh three-month high of 139.73 seems may edge towards the 50-period simple moving average (SMA) and the Ichimoku cloud. This is also reflected by […]

USDJPY rotated aggressively to the downside after crawling as high as 109.84 on Friday, slumping below the ascending trendline drawn from the 101.17 bottom and back into the 107.00 zone. The pair erased four green candles and the spotlight is now on the 23.6% Fibonacci retracement level of the short-term downleg from 111.70 to 105.97, […]

The pair traded on the side channel on Tuesday then went upwards after testing the 23.6% pullback level (red dotted line). Today, the price may continue to move upward. Economic calendar news for the dollar is expected at 12:30, 14:30, 18:00, and 18:30 UTC. Trend analysis (Fig. 1). Today, the upward trend may continue from […]

The pair traded on the side channel on Tuesday then went upwards after testing the 23.6% pullback level (red dotted line). Today, the price may continue to move upward. Economic calendar news for the dollar is expected at 12:30, 14:30, 18:00, and 18:30 UTC. Trend analysis (Fig. 1). Today, the upward trend may continue from […]

Trend analysis (Fig. 1). Today, a downward pullback is possible from the resistance line 1.1379 (white bold line) with the target of 1.1276 – a 14.6% pullback level (red dashed line). If this line is reached, the next target is 1.1208 – a 23.6% pullback level (red dashed line). From this level, the price may […]

Technical Market Outlook: The GBP/USD bulls have managed to push the price towards the short-term supply zone located between the levels of 1.2747 – 1.2786. In the beginning the price was rejected from the zone, but the momentum is still strong and positive, so another wave up is very likely. In a case of a […]

Technical Market Outlook: The Shooting Star candlestick pattern that was made at the supply zone located between the levels of 1.1347 – 1.1361 is likely to be tested soon. The bulls are still pushing the price higher, but please notice, the market has started coming off the overbought conditions, so the odds for the move […]

You can say as much as you like that the market began to prepare in advance for today’s Federal Open Market Committee meeting, and that this was the reason why the dollar will continue to weaken. But if you look at everything a little more closely, it becomes obvious that the market behaved strictly in […]

Crypto Industry News: After the latest CoinMarketCap update, which introduced a “trust factor” in the stock market ranking, users question perceived injustice against popular platforms. Twitter users have criticized CoinMarketCap for placing BitMEX, one of the most popular derivatives exchanges, in 175th place. Such a low position seems unusual in the new CoinMarketCap rankings, in […]

The Trump administration is preparing sanctions against 50 oil and fuel tankers as part of the effort to stop trade between Iran and Venezuela. Sanctions aimed at avoiding the US military confrontation with these countries will be introduced by the Department of the Treasury. The Trump administration is trying to intervene in trade relations between […]

There was an obvious profit-taking, which led to a small local strengthening of the dollar on world markets, in anticipation of the outcome of the Fed meeting, which will be known today, on Wednesday. The appreciation of the dollar, as well as the decline in world stock indices caused by profit taking, on the one […]

Forecast for June 10: Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1429, 1.1365, 1.1299, 1.1254 and 1.1170. Here, the price drew up the local initial conditions for the top of June 9th. A short-term upward movement is possible […]

Crypto Industry News: Ethereum’s daily network fees surpassed those in the Bitcoin network for two consecutive days, June 6 and 7, according to data obtained by Glassnode. According to Glassnode, on June 6, the total fees spent on the Ethereum network were $ 498,000, compared to $ 308,000 for Bitcoin. The gap increased the next […]