Comparison of the two graphs: This is the USDJPY in D1 chart which shows a clear signal for the growth of the dollar. This is the euro in H4 chart which clearly shows growth against the dollar. With the given data above, we, therefore, conclude that one of these instruments is deceiving us. But it […]

China A50 index (Cash) in the latest sessions lunged over the flat 200-day simple moving average (SMA) and the 13,692 high, reviving an improving picture. The recent upturn in the 50-day SMA suggests further advancements, as do the rising Ichimoku lines, which reflect growing positive momentum. Additionally, the MACD in the positive zone has pushed […]

Recently, Bullish persistence above 1.2265 has enhanced another bullish movement up to the price levels of 1.2520-1.2590 where significant bearish rejection as well as a quick bearish decline were previously demonstrated (In the period between 14th – 21 April). Moreover, Atypical Bearish Head & Shoulders reversal pattern was in progress. The GBP/USD pair was demonstrating […]

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 […]

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 […]

Greetings crypto enthusiasts! Its been three weeks since the Bitcoin halving, and thus, it is only necessary that we clear and sort out what has changed and what is worth paying attention to. On May 11, 2020, a new stage in the complication of digital gold mining took place, where market participants were able to […]

The European Central Bank is widely expected to announce a ramping up of its pandemic emergency purchase program (PEPP) on Thursday at 11:45 GMT as the Eurozone economy slowly emerges from weeks of lockdown. But as the euro rallies on the prospect of a double dose of fiscal and monetary stimulus, a smaller-than-anticipated increase in […]

EURCHF’s latest gains off of the 1.0575 mark have followed the upper Bollinger band until the 200-day simple moving average (SMA). Additionally, the momentum indicators reflect buyers’ efforts for further advances, despite the capping 200-day SMA at 1.0763. The short-term oscillators at the moment continue to reflect an improving picture with no signs of easing. […]

USDCAD extended Monday’s losses and is currently trading not far above a two-month low of 1.3491 hit earlier today. The strong bearish rally started has been evolving since April 21. However, the momentum indicators are suggesting a possible pullback in the very short-term. The stochastic oscillator is creating a bullish crossover in the oversold zone […]

This is the chart of the coronavirus cases in Russia as of morning of June 2. The good news is that the number of new cases (+8,000) is less than the number of recovered (+11,000) per day. However, this happened only thanks to Moscow region, where +2,000 people were infected and +6,000 patients recovered per […]

This is the chart of the coronavirus cases in Russia as of morning of June 2. The good news is that the number of new cases (+8,000) is less than the number of recovered (+11,000) per day. However, this happened only thanks to Moscow region, where +2,000 people were infected and +6,000 patients recovered per […]

News : (Bloomberg) — German Chancellor Angela Merkel will seek to broker a compromise Tuesday on a second stimulus package to help Europe’s biggest economy recover from the deep recession caused by the coronavirus. Merkel’s government launched an initial shot of stimulus and guarantees in March to cushion consumers and businesses from the impact of […]

News : Technical analysis: EUR/USD has been trading upwards but I found that EUR is way extend to the upside and the downside rotation is possible. The resistance is found at the price of 1,1180. Trading recommendation: Downward targets are set at the price of 1,1140 and 1,1120 Main resistance is set at 1,1180 The […]

Following the results of Monday’s trading sesion, the US stock indices rose, the main reason of which is the steady continuation of economic recovery. Even the protests that forced the US authorities to take tough measures, as well as the crisis caused by the coronavirus pandemic and the conflict with China, could not add negativity […]

News : Key Takeaways The announcement of Celo Network earlier this year marked the first true rival for Facebook’s Libra. a16z believes more competitors could emerge, putting stress on Libra, forcing regulators to take action. Libra’s failure thus far stems from Facebook’s scandalous past and its initial plan of introducing a new currency. The winner […]

Coronavirus updates as of the morning of June 2: The situation in the US is a little bit brightening, as the number of deaths in the country have dropped below 1,000 per day for two days in a row. However, the number of new cases is still above 20 thousand per day, with the worst […]

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

WTI crude oil futures for July delivery have been moving slightly higher on the four-hour chart since the soft rebound on the ascending trend line at 30.57 which has been holding since April 28. Over last couple of days, the commodity is trading sideways, finding resistance near the 12-week high of 35.90 and the upper Bollinger band. In the short-term, the market could […]

From the point of view of complex analysis, you can see that the quote went through most of the flat formation, and now let’s talk about the details. The last trading day reflected the high activity of market participants where the quote managed to consolidate above the level of 1.2350 at the beginning of the […]

Overview: British Pound against the US Dollar. H4 chart. Pivot: 1.2425. The GBP/USD pair has long been regarded as one of the least volatile currency pairings on the global forex market. Not long ago, the GBP/USD pair experienced several fluctuations with Britain’s exit from the European Union and the last problems of the Coronavirus disease […]

Today we take a look at and see AUDJPY 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:Technical Analysis – WTI oil futures hold neutral… June 2, 2020 […]

The euro and the pound continues to strengthen against the US dollar amid positive expectations of economic recovery worldwide. Global economies are expected to return to pre-crisis levels after the coronavirus pandemic recedes. The lifting of quarantine restrictions in different countries also added to the increasing demand for risky assets. A new problem arose in […]

EUR / USD On June 1, the EUR/USD pair gained about 30 more basis points and, although this is not much, continues to build the estimated wave 3 in 3 in C to B of the upward trend section. If the current wave counting is correct, then the increase in quotes will continue with targets […]

Good day! Daily Market sentiment has changed, and now the US dollar is not favored. Against this background, the US currency is under pressure from many major competitors. In particular, the British pound demonstrated an impressive strengthening against the US dollar in yesterday’s trading. As a result of strong growth, the pound/dollar currency pair tested […]

USD/JPY is trading in the green and maintains a bullish outlook, the extended sideways movement could give us a great chance to catch the next bullish momentum. The optimism and the Nikkei’s rally could weaken the Japanese Yen, but the dollar needs a bullish spark from the USDX to be able to dominate the market […]