If we look at the daily chart, we can see that the CAD/JPY pair is trying to test the 79.50 level. It may climb up and try to break through the 81.89 level. As long as this pair does not drop bellow the 78.00 level then the pair will continue to grow. It may also […]

GBP/JPY has already reached the 38.2% corrective target at 136.33. No more downside is needed in red wave iv. However, we should expect more sideways correction in the form of a triangle consolidation. The RSI index 41.39 was not broken after a first decline. We should expect it to be so in the second decline […]

Trading Recommendation Entry: 0.69850 Reason for Entry: 61.8% fibonacci retracement and 61.8% fibonacci extension, Horizontal pullback support Take Profit: 0.68952 Reason for Take Profit: Horizontal swing low support Stop Loss: 0.70157 Reason for Take Profit: 78.6% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:XAU/USD facing bullish pressure, potential for… […]

Trading Recommendation Entry: 1712.56 Reason for Entry: Horizontal overlap support and 23.6% fibonacci retracement Take Profit: 1729.55 Reason for Take Profit: 78.6% retracement and horizontal overlap resistance Stop Loss: 1704.70 Reason for Take Profit: Horizontal swing support, 50% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:AUD/USD facing bearish pressure, […]

The Economist columnist John Williams believes that the unprecedented printing of money may lead to runaway inflation and the depreciation of the global currencies. In his opinion, the US financial system has totally gone the limit and will save not only every bank, but also every financial institution as well as the stock market. The […]

To open long positions on EUR/USD, you need: The bulls managed to cope with the pressure that persisted earlier this week due to weak fundamental indicators on the German economy, and they almost returned to last week’s highs ahead of the Fed meeting while expecting continued growth after Fed Chairman Jerome Powell’s speech. If you […]

EUR/USD The euro’s attempt to overcome the support of 1.1265 ended in failure yesterday – the euro was bought back due to slightly better data on the eurozone GDP for the first quarter – the index forecast was -3.8%, while the released estimate showed -3.6%. On an annualized basis, the indicator was revised from -3.2% […]

EUR/USD The euro’s attempt to overcome the support of 1.1265 ended in failure yesterday – the euro was bought back due to slightly better data on the eurozone GDP for the first quarter – the index forecast was -3.8%, while the released estimate showed -3.6%. On an annualized basis, the indicator was revised from -3.2% […]

AUD/USD The Australian dollar lost 58 points yesterday, marking the support of 0.6900 as the day’s low (September 12, 2019 high). It is likely that the price will consolidate in a fairly wide range of 0.6900-0.7080, where the upper limit is in the peak area of July 19, 2019), in which even today’s Federal Reserve […]

AUD/USD The Australian dollar lost 58 points yesterday, marking the support of 0.6900 as the day’s low (September 12, 2019 high). It is likely that the price will consolidate in a fairly wide range of 0.6900-0.7080, where the upper limit is in the peak area of July 19, 2019), in which even today’s Federal Reserve […]

USD/JPY The optimistic potential of the dollar against the yen after an impulsive growth on June 2 was not long enough – for the last two days, the price has returned to the starting point. Now it is more likely that the price will overcome the support of the MACD line on the daily chart […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 115.4843 The British pound on the second trading day of the week made another painful attempt to adjust to the moving average line, which again very quickly went to nothing. […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 98.2386 Preview: There are many possible reasons for the fall of the US currency in recent weeks. One of them is the aggressive policy of the Fed to ease monetary […]

4-hour timeframe Average volatility over the past five days: 98p (high). The EUR/USD currency pair passed the first two trading days of the week in a downward correction. We have repeatedly written that the growth of the euro and the pound in the past two weeks is not entirely clear. On the one hand, the […]

EURUSD pulled back as low as 1.1240. In our last analysis we expected price to pull back towards the lower channel boundary and our first target was 1.12. However price took more time moving sideways and thus the lower channel boundary moved higher. Blue lines – bullish channel Red line -major long-term resistance EURUSD pulled […]

Gold price has bounced off the Daily cloud support and has reached the $1,715-20 area as expected. By the Ichimoku cloud indicators this area is important resistance and could be decisive for the move in Gold price over the next few weeks. Gold price is above the Cloud. This is a bullish sign, Gold price […]

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 […]

The global stock market is affected by what is happening in the economy. Large-scale money injections, which are promoted by regulators in countries, make markets grow. The rise is so rapid that it has already managed to level all the losses that have occurred against the backdrop of the COVID-19 pandemic at the beginning of […]

This morning, the price of gold continued to decline. While the precious metal has not found reasons for its growth, however, investors do not intend to discount it. Gold futures for August delivery fell 0.18% in value this morning on a trading floor in New York, sending it to the level of $ 1,702 per […]

The Federal Reserve’s Open Market Committee (FOMC) will conclude its two-day monetary policy meeting on Wednesday, announcing its decision at 18:00 GMT. After unprecedented central bank intervention since March to prevent a virus-induced economic meltdown, policymakers are not expected to make significant changes to their emergency programs this week. However, with the initial recovery from […]

Once again, several fundamental statistics on the state of the German economy (the leading flagship economy of the Eurozone) led to the formation of pressure on the European currency today in the morning. However, as the day before, after updating the lows, buyers began to gain long positions. Yesterday’s scenario and low trading volume, in […]

USDCAD has been in declining movement over the last month but is currently trading above the three-month low of 1.3360. The stochastic oscillator is approaching the overbought zone; however, the RSI is pointing down after the touch on the neutral threshold of 50. Also, the red Tenkan-sen line is holding below the blue Kijun-sen line, […]

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 […]

EURUSD There was a correction movement and at present, the upward trend continues. In case the upward trend continues further, you may consider purchases from 1.1320 with the target of 1.1480, and stop at 1.1275. For conservative transactions, buy from a pullback level of 1.1160. The Fed’s meeting is expected tomorrow, June 10, at 18:00 […]

To open long positions on EURUSD, you need: In the first half of the day, I paid attention to the level of 1.1267, from which several signals were formed at once for entering the market. If you look at the 5-minute chart, you will see how the bears tried to break below this range, however, […]