GBPAUD strengthened its negative momentum within a narrow descending channel and touched a 1½-year low at 1.8053 this week after tumbling below the 1.8500 mark. With the price currently consolidating near the bottom of the channel, and the RSI and the stochastics fluctuating in oversold zone, an upturn is increasingly likely in the near term. Yet, […]

Overview: The EUR/USD pair faces strong resistances at the levels of 1.1384 because The EUR/USD pair knows saturation at the area of 1.1384-1.3050 on June 05, 2020. So, the strong resistance has been already formed at the levels of 1.1384- and 1.3050 for that the pair is likely to try to approach it in order […]

The euro continues its rise amid the decision of the ECB to add € 600 billion to its emergency assistance program. The package now totals to an astonishing € 1.35 trillion. At its meeting yesterday, the ECB increased the emergency program for the purchase of PEPP assets by € 600 billion, higher than what economists […]

Euro took the lead in the foreign exchange market following the results of the ECB June meeting. The growth of the single European currency was also facilitated by the weakening of the greenback on a wide front. After a short-term recovery, the USD index resumed its decline and fell below 97 points for the first […]

The dollar index showed an upward correction after a prolonged decline during the Asian session on Thursday. Considering a wider time range, it can be concluded that the index has been steadily declining since May 25, that is, from last Monday. Therefore, the current situation can only be regarded as a correction. The dollar bulls […]

Coronavirus data as of June 5: New cases in the US are still above 20 thousand per day, and deaths at about 1,000 per day. Although the figures are still high, at least an increase is not observed, and the situation is stable. Mass protests also seem to have subsided, so many cities began to […]

Euro skyrockets after ECB increases pandemic stimulus by more than expected Dollar stuck in a downward spiral, unlikely to be saved by US jobs report Oil clings on to gains despite OPEC confusion ECB takes out the bazooka again The resurgent euro, which has been rallying on the back of recovery hopes for the Eurozone […]

Today we take a look at and see NZDJPY 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:Indicator analysis. Daily review on GBP / USD […]

Trend analysis (Fig. 1). Today, the upward trend may continue from the level of 1.2598 (closing of yesterday’s candle) with the target level at the resistance level of 1.2650 (presented in a red dotted line). It is unlikely to break through this level, however, the price may begin to move downward with the first target […]

The ECB’s decision to significantly expand its stimulus measures and, if necessary, to continue this process for a considerable period of time led to a rise in the rate of the single European currency The result of the June meeting of the European regulator was largely unexpected for the markets. Yes, investors believed that the […]

USDCAD is trading around the vicinity of 1.3440 – 1.3515, being the bullish gap from March 6. The pair plunged to a three-month low of 1.3467 on Thursday’s session, hitting the flat 200-day simple moving average (SMA). The technical indicators are standing in oversold territories in the short-term. The MACD is still falling below its […]

Crypto Industry News: The latest Bloomberg report reveals that the company expects Bitcoin to re-test its 2017 record results, and that it could even reach $ 28,000. The report suggests that COVID-19 has accelerated Bitcoin’s maturation as an asset, showing its strength among declining stocks. In addition, it indicates the ever-growing appetite of institutional investors, […]

The gold price is located in the buyer’s territory, the outlook is still bullish ahead of the crucial US data. Gold is trading at $1,711 level and is fighting hard to stay above the $1,700 psychological level and to accumulate more bullish energy before it resumes its upside journey. The US Non-Farm Employment Change is […]

Technical Market Outlook: The GBP/USD pair has made a new local high at the level of 1.2656 (at the time of writing the article)and is getting away from the upper channel line. The nearest support is seen at the level of 1.2580 and the next target for bulls is seen at the level of 1.2747. […]

Trading Recommendation Entry: 71.346 Reason for Entry: Descending trendline resistance Take Profit : 66.240 Reason for Take Profit: 61.8% Fibonacci retracement, Graphical overlap Stop Loss: 72.426 Reason for Stop loss: -27.2% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Short-term analysis of Gold June 4, 2020 Gold price is bouncing […]

Trading Recommendation Entry:1.3525 Reason for Entry: 100% fibonacci extension Take Profit :1.3316 Reason for Take Profit: 168% fibonacci extension Stop Loss: 1.3695 Reason for Stop loss: 38% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – USDCAD challenges 3-month low;… June 5, 2020 USDCAD is trading around the […]

Trading Recommendation Entry: 1.62946 Reason for Entry: horizontal overlap support and 38.2% fibonacci retracement Take Profit: 1.64748 Reason for Take Profit: Horizontal overlap resistance, 61.8% fibonacci retracement Stop Loss: 1.62171 Reason for Take Profit: horizontal swing low support, 61.8% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USDCAD testing downside […]

Technical Market Outlook: The EUR/USD pair has hit the level of 1.1361 and there is no sign of a trend reversal so far. Nevertheless, please notice, the market conditions are now extremely overbought and despite the positive and strong momentum the price might start a corrective pull-back towards the nearest technical support located at the […]

The intraday high and low from the Central Bank Dealer Range (CBDR) usually form at STDV 2-STDV 4 in the normal condition market. Sometimes it can reach the STDV 5-STDV 6 level during the high volatility in the market. Here are today’s levels: STDV 10 – 1.1495. STDV 9 – 1.1480. STDV 8 – 1.1465. […]

To open long positions on EUR/USD, you need: I think a lot of people already know that yesterday, the European regulator increased the emergency program for the purchase of PEPP assets by 600 billion euros, which led to such a strong increase in the euro in the short term. If you look at the 5-minute […]

The pair traded upwards on Thursday and almost tested 1.1371 – an 85.4% pullback level (presented in a blue dotted line). The news played an important role in such a strong upward movement. Today, the price may roll back down after testing the resistance line. Economic calendar news for the dollar is expected at 12:30 […]

To open long positions on GBP/USD, you need: The British pound strengthened yesterday following the European currency and returned to its weekly highs, testing them again. But it was not possible to break through this range. As for yesterday’s deals, if you look at the 5-minute chart, you will see that in the afternoon you […]

EUR/USD Yesterday’s main event was the European Central Bank meeting at which it announced the expansion of the QE program – the volume of repurchased assets on the regulator’s balance sheet was increased by 600 billion euros, that is, in total from the first program to 1.35 trillion euros. Asset purchases will continue for exactly […]

AUD/USD The Australian dollar made a mark at the target level of 0.6975 on Thursday. The Marlin divergence remains undisturbed. A price reversal from current levels is more likely. The first target of the decline is the level of 0.6830, followed by 0.6680. The signal line of the Marlin oscillator on the four-hour chart is […]

USD/JPY The dollar continued to grow against the yen yesterday (23 percentage points) despite the decline in stock indices: the S&P 500 was down -0.34%, while the Nikkei 225 is losing -0.32% in the Asian session today. It seems that investors are counting on good US employment data today and continued growth in related markets. […]