Technical analysis recommendations for EUR/USD and GBP/USD on June 2 EUR / USD Players on the rise are in the trend. They were able to optimistically close the month of May and now can use the received potential for new achievements. Important resistance levels 1.1067 – 1.1103 have been broken through (the upper border of […]

GBP/USD – 1H. Hello, traders! According to the hourly chart, the pound/dollar pair continues the growth and even performed a close over the upward trend corridor. Thus, the “bullish” mood among traders clearly remains at this time. The only reasons for the growth of the British pound remain unclear at a time when the country […]

EUR/USD – 1H. Hello, traders! The euro/dollar pair on the hourly chart on June 1 continued the growth, although it did not update the high of the previous trading day. Thus, it is better to say that the “bullish” mood has completely remained, and the pair’s quotes remained within the ascending trend corridor. Thus, before […]

Trump inflames protests, threatens martial law as US stocks begin to take notice Dollar extends slide as recovery hopes keep positive sentiment intact Aussie flirts with $0.68 after RBA, pound shoots above $1.25 despite Brexit risks Oil steady ahead of OPEC+ meeting Market unease as protests ravage US cities Mass protests continue for a seventh […]

EURJPY is trailing the upper Bollinger band after the bounce off the 117.00 handle. Positive sentiment – also displayed in the short-term oscillators – has endured from the 42-month low of 114.423, extending the pair above the established, mostly bearish simple moving averages (SMAs). Although intact, the pair’s positive momentum appears to be under negative […]

Hello, traders! At yesterday’s trading, the main currency pair of the Forex market was just eager to continue strengthening, and it succeeded. As usual, we will move on to the technical picture for the euro/dollar pair a little later. For now, we will briefly talk about the events of yesterday and what is expected today. […]

More recently, the US currency was predicted to see a significant rise and continued growth, despite the devastating consequences of the COVID-19 pandemic. However, many experts have now the opposite opinion, believing that the existing dollar’s strength may be the first step towards weakening it. At the beginning of this week, the US currency resumed […]

Everything should have been wrong, but Donald Trump managed to do everything possible so that investors began to panic even more, which, of course, negatively affected the dollar. The President of the United States, apparently, was tired of the ongoing street protests, which turned into massacre. Yes, such that the function of street lighting is […]

EURJPY is trailing the upper Bollinger band after the push off the 117.00 handle. Positive sentiment – also displayed in the short-term oscillators – has endured from the 42-month low of 114.423, extending the pair above the established, mostly bearish simple moving averages (SMAs). Although intact, the pairs’ positive momentum appears to be under negative […]

The Reserve Bank of Australia held its regular meeting today, which was expected to be “passable”. Nevertheless, the RBA’s passivity in the current conditions plays into the hands of the “Aussie” – the AUD/USD pair continued to siege the 68th figure after some hesitations. At the moment, the “round” level of 0.6800 plays the role […]

The Reserve Bank of Australia held its regular meeting today, which was expected to be “passable”. Nevertheless, the RBA’s passivity in the current conditions plays into the hands of the “Aussie” – the AUD/USD pair continued to siege the 68th figure after some hesitations. At the moment, the “round” level of 0.6800 plays the role […]

The production cuts introduced by OPEC greatly helped the oil markets to recover from the quarantine crisis. However, the massive supply glut that accumulated during the pandemic creates a new problem in the oil industry. The accumulation of oil reserves should have ended by the OPEC meeting in June. The significant production cuts, along with […]

The production cuts introduced by OPEC greatly helped the oil markets to recover from the quarantine crisis. However, the massive supply glut that accumulated during the pandemic creates a new problem in the oil industry. The accumulation of oil reserves should have ended by the OPEC meeting in June. The significant production cuts, along with […]

USD/CHF was into a downside movement lately caused by the USDX’s sell-off, but now, the price has found strong support in the short term and it could give birth to another leg higher. We may have a reversal in the short term if the Dollar Index rebounds as well. Otherwise, the pair could resume its […]

USD/CHF was into a downside movement lately caused by the USDX’s sell-off, but now, the price has found strong support in the short term and it could give birth to another leg higher. We may have a reversal in the short term if the Dollar Index rebounds as well. Otherwise, the pair could resume its […]

Trading Recommendation Entry: 0.62622 Reason for Entry: Ascending trendline support, 50% Fibonacci retracement, moving average Take Profit : 0.63314 Reason for Take Profit: -27.2% Fibonacci retracement Stop Loss: 0.62216 Reason for Stop loss: Graphical swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Gold found support, plans to increase its value […]

Trading Recommendation Entry: 0.62622 Reason for Entry: Ascending trendline support, 50% Fibonacci retracement, moving average Take Profit : 0.63314 Reason for Take Profit: -27.2% Fibonacci retracement Stop Loss: 0.62216 Reason for Stop loss: Graphical swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Gold found support, plans to increase its value […]

Forecast for June 2: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.1294, 1.1254, 1.1197, 1.1168, 1.1115, 1.1085, 1.1037 and 1.0994. Here, we continue to monitor the ascending structure of May 25. Short-term upward movement is expected in the […]

Forecast for June 2: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.1294, 1.1254, 1.1197, 1.1168, 1.1115, 1.1085, 1.1037 and 1.0994. Here, we continue to monitor the ascending structure of May 25. Short-term upward movement is expected in the […]

The Canadian dollar may show fresh volatility on Wednesday after the Bank of Canada’s new chief holds his first policy meeting, with the rate announcement scheduled to be released at 14:00 GMT. Interest rates are expected to stay steady, while additional lending through corporate bond purchases cannot be excluded if the central bank wants to […]

GBPUSD had an impressive increase on Monday, jumping above the 50.0% Fibonacci retracement level of the down leg from 1.3515 to 1.1409 at 1.2460 and heading towards the 100-day simple moving average (SMA). The bias in the short-term timeframe remains neutral within the 1.2460 and the 1.2080 lines. According to momentum indicators, the RSI is […]

Good afternoon traders. A trading idea for USD / CHF. The quotes of USD / CHF have been declining all throughout May and managed to break last month’s low yesterday. Set limit orders to trigger a rebound and push the quotes back to a flat, in accordance with the plan below: Place limit orders from […]

The pair traded upwards on Monday and tested 1.2510 – a 76.4% pullback level (presented in a blue dotted line) after that, the price went down. Today, a downward pullback is possible. Nothing is expected for economic calendar news. Trend analysis (Fig. 1). Today, a downward pullback is possible from the level of 1.2492 (closing […]

Sometimes it is better for Donald Trump to be silent otherwise his words can plunge anyone into a tantrum. Moreover, against the background of ongoing protests, any careless statement can be comparable to an atomic bomb. And in a good way, this is exactly what happened. The harsh statement by the president of the United […]

Technical Market Outlook: The GBP/USD pair has made a new local high at the level of 1.2524 (there is a potential Bearish Engulfing candlestick pattern made at the top of this move as well). The market has broken out of the ascending channel and the next target is seen at the level of 1.2588. The […]