24-hour timeframe On the Forex market, another trading week has ended, during which the European currency has risen in price in an unprecedented way in pair with the US currency. If you do not take into account the first six weeks of the “coronavirus” epidemic, when almost every currency was thrown from side to side […]

EURUSD is breaking to new short-term highs. Price is in a bullish trend and is making higher highs and higher lows. EURUSD has reached a major resistance trend line while the RSI on a daily basis is now in overbought levels. A pull back is justified early next week. Red line – major resistance trend […]

Minor operational scale (Daily) The second week of June – the growth of the dollar? Options for the development of the movement #USDX vs EUR/USD, GBP/USD, and USD/JPY (Daily) on June 8, 2020. ____________________ US dollar index From June 8, 2020, the movement of the dollar index (#USDX) will be determined depending on the direction […]

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 […]

T/P level to be located around 1.2600, 1.2715 and 1.2750 while S/L should be placed below 1.2450 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Comprehensive analysis of movement options for #USDX… June 5, 2020 Minor operational scale (Daily) The second week of June -…June 5, 2020 : EUR/USD Intraday technical analysis… […]

T/P level to be located around 1.2600, 1.2715 and 1.2750 while S/L should be placed below 1.2450 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Comprehensive analysis of movement options for #USDX… June 5, 2020 Minor operational scale (Daily) The second week of June -…June 5, 2020 : EUR/USD Intraday technical analysis… […]

Gold futures declined in price during both Asian trading and the European session today. On a trading floor in New York, the value of August gold futures on the last business day of the week fell by 1.11%, which sent the precious metal to the level of $ 1,708.30 per troy ounce. Support at the […]

The stock markets of the United States of America were unable to decide on a single vector of movement following yesterday’s session, so trading closed with multidirectional dynamics. Markets are in search of new stimulating factors that can make them grow again, but so far nothing more or less convincing has been happening. And statistics […]

EUR/USD On June 4, the EUR / USD pair gained about 105 bps and thus continued construction supposed wave 3 into 3 to C to B. If this is true, then today’s exit of the quotes from the reached highs may mean the completion of this wave and the transition to the construction of correctional […]

The beginning of June was a real benefit for Christine Lagarde and the single European currency. The ECB expanded its emergency asset purchase program due to the pandemic by €600 billion, announced that it will continue until at least June 2021, revenues are planned to be reinvested until the end of 2022, and the Frenchwoman […]

To open long positions on GBPUSD, you need: In the first half of the day, I paid attention to the resistance of 1.2611 and recommended that it open long positions at the breakdown and consolidation. If you look at the 5-minute chart, you will see how at first the bulls broke above the resistance of […]

To open long positions on EURUSD, you need: In the first half of the day, I paid attention to the resistance of 1.1358 and recommended opening long positions from it only after a breakout and consolidation above this level. If you look at the 5-minute chart, you will see how the bulls managed to break […]

The US 30 stock index (cash) ticked above the 200-day simple moving average (SMA) and is ready to test the 26,580-27,000 resistance zone. The battle could be challenging as the RSI and the stochastics point to an overbought market, suggesting that the rally could soon lose steam. If the bulls prove unable to remove the […]

As global markets set their sights on a quick recovery from the COVID-19 crisis, key economic data for April – when the pandemic impact is thought to have peaked – will likely be sidelined next week. The Federal Reserve might also struggle to attract the usual attention when it holds a scheduled meeting as investors […]

Corona virus summary: ritish pharma giant ‘on track’ to roll out 2bn vaccine doses if trials successful Technical analysis: Gold has been trading downwards. As I expected, the price tested and rejected of the level at $1,720. I see potential for the downside rotation towards the levels at $1,694 and $1,680. Watch for potential selling […]

From the point of view of complex analysis, we can see signs of a trend change in the charts. The current trading week is drawing to a close. The upward trend is again the priority in the market, as traders worked on returning the quotes to the upper border of the flat 1.2150 // 1.2350 […]

Corona virus summary: Technical analysis: EUR/USD has been trading upwards. The price tested and rejected of the level at 1,1365. I see potential for the downside rotation towards the levels at 1,12600 and 1,1195. Watch for potential selling opportunities due to the overbought condition on the 4H time-frame. The material has been provided by InstaForex […]

The above chart shows the number of active Covid-19 cases in Russia. The number of new cases is +8,700 per day. Overall, around 231.6 thousand patients are receiving medical treatment in Russia, of which 94 thousand people being treated in Moscow. The situation in several Russian regions is so difficult that the army has had […]

EUR 130 billion would be aimed at stimulating economic recovery. Here is the plan of fiscal measures in detail: – The VAT reduction from 19% to 16% from July 1 till the end of the year. – A one-time payment of EUR 300 for each child in the family. – Support and motivation for the […]

Corona virus summary: Covid-19 ‘under control’ in France, says government adviser Technical analysis: EUR/USD has been trading sideways at the price of 1,0855. The EUR is trading in well defined trading range between the price of 1.0820 (support) and 1,0895 (resistance). The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – […]

The cost of crude oil continues to rise, although the dynamics are still a bit confusing. The raw materials of the WTI brand remain almost motionless today, which, of course, can be considered more positive than negative in the current situation. However, both grades of black gold have been showing an increase for six consecutive […]

Technical outlook: Gold remains vulnerable for a sharp bearish reversal until prices remain below $1,765 resistance. Structurally, Gold had dropped from $1,765 through $1,694 levels earlier. The yellow metal then produced a counter trend rally, which found resistance around fibonacci 0.618 retracement around $1,745 last week. Subsequent drop print fresh lows around $1,689 before pulling […]

Technical outlook: EUR/USD has rallied towards 1.1370/80 today, inching closer to the projected target around 1.1500. The currency pair has pulled back a bit, trading around 1.1330 levels at this point in writing and could drop further towards 1.1190 before finding support. Please note the corrective drop could be used as an opportunity to initiate […]

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GBPUSD spiked towards a three-month high of 1.2705 but it finished the session below the 1.2645 barrier on Thursday. The upside rally which started after the rebound on the 1.2075 support could take a breather in the near term as the momentum indicators are suggesting a pullback. The RSI is edging south below the 70 level, while the MACD is holding beneath its […]