Today we take a look at XAUUSD and see 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:Big changes await us all (review of EUR/USD […]

Today we take a look at XAUUSD and see 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:Big changes await us all (review of EUR/USD […]

Trading Recommendation Entry:1.3634 Reason for Entry: 61.8% fibonacci extension Take Profit :1.3873 Reason for Take Profit: Horizontal swing high resistance, 38.2% fibonacci retracement Stop Loss: 1.3502 Reason for Stop loss: 100% fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com Related Posts:XAU/USD facing bullish pressure from support,… June 1, 2020 Trading RecommendationEntry: […]

Trading Recommendation Entry:1.3634 Reason for Entry: 61.8% fibonacci extension Take Profit :1.3873 Reason for Take Profit: Horizontal swing high resistance, 38.2% fibonacci retracement Stop Loss: 1.3502 Reason for Stop loss: 100% fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com Related Posts:XAU/USD facing bullish pressure from support,… June 1, 2020 Trading RecommendationEntry: […]

GBP/USD is trading in the green and it seems determined to ignore the near-term resistance levels and to continue its growth. The bullish pressure is high as the USD is weakened by the USDX’s drop. The upside momentum could be accelerated by some poor US data later today, the ISM Manufacturing PMI could increase from […]

Good afternoon traders! A trading idea for AUD/CAD. Since March, the pair has moved about 11,500 pips continuously, without a reversal. Use grid trading to pull back the quotes and break the round level of 0.92. Set sell orders from the current price or higher, for a pull back of about 500-1000 pips. If the […]

Over the weekend, everyone was busy blaming Jerome Powell or the wave of protests that swept the United States for the weakening of the dollar. But this will only partially be true. Yes, indeed, the protests quickly developed into full-fledged clashes with the police, and it came to the point that curfews had to be […]

Over the weekend, everyone was busy blaming Jerome Powell or the wave of protests that swept the United States for the weakening of the dollar. But this will only partially be true. Yes, indeed, the protests quickly developed into full-fledged clashes with the police, and it came to the point that curfews had to be […]

The table above shows the coronavirus situation worldwide as of the morning of June 1. The situation with the coronavirus is quite complicated. In Brazil, the virus receded a bit, with the daily increase of new cases dropping at about 16 thousand, and daily deaths decreasing to below 500. However, the records of one day […]

The British currency closed last week on the gloomy note. Analysts share the viewpoint that next week market sentiment on GBP will still be dampened by worries over its prospects. Experts say that the first summer month is likely to bring unwelcome developments to the sterling. Experts point out three factors which are the main […]

The British currency closed last week on the gloomy note. Analysts share the viewpoint that next week market sentiment on GBP will still be dampened by worries over its prospects. Experts say that the first summer month is likely to bring unwelcome developments to the sterling. Experts point out three factors which are the main […]

Gold is nearing the upper Bollinger band that is currently situated at the swing high of 1,754, after buyers took the upper hand around 1,692 – that being the 23.6% Fibonacci retracement of the up leg from 1,455.17 to the 91-month high of 1,765.03 – sending the precious metal higher. Further aiding a bullish picture […]

Good afternoon traders! A trading idea for the USD / JPY pair. A pin bar was formed in the trend last Friday, marking the last day of spring as bullish. D1 chart: The formation of the bar caused the quotes to roll back 50% this morning. Open long positions to update seller stop orders at […]

At the start of trading, the US dollar index declined to the area of the 97th figure, reflecting a decrease in demand for the US currency. Donald Trump was able to only provoke a short-term surge in anti-risk sentiment at the end of last week, so the dollar lost its positions that it won on […]

Trend analysis. This week, the price from the level of 1.2346 (closing of the last weekly candle) will move up with the target at 1.2499 – a pullback level of 76.4% (red dashed line) and in case of testing this level, work up with the next upper target at 1.2646 – upper fractal (red dashed […]

Forecast for June 1: 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 are following the ascending structure of May 25. Short-term upward movement is expected in the range […]

Trend analysis. This week, the price from the level of 1.1099 (closing of the last weekly candle) may continue to move up with the first target 1.1174 – the historical resistance level (blue dashed line). After reaching this level, the price will continue to increase to the next upper target 1.1213 – a pullback level […]

The pair traded upwards on Friday and tested 1.2360 – a 50.0% pullback level (presented in a blue dashed line). Today, the price may continue to move up. Economic calendar news for the pound is expected at 08:30 UTC, and for the dollar at 14:00 UTC. Trend analysis (Fig. 1). Today, the upward trend may […]

EURUSD has been in a steep rally over the last four days, creating a new two-month peak around the 1.1145 resistance level. The price rebounded on the bullish crossover within the 20- and 40-day simple moving averages (SMAs), exiting from the short-term consolidation area and surpassing the flat 200-day SMA. Looking at the technical indicators, […]

On Friday, Fed Chairman Jerome Powell said that the Fed fully utilized all its tools to combat the effects of strict quarantine measures, which caused the closure of the global economy and increased unemployment in the United States. “We did everything we could,” said Powell, “reducing interest rates to almost zero, creating an unlimited number […]

Crypto Industry News: The Cyble Research Team has conducted research that showed that data on more than 80,000 credit cards around the world has been put up for sale at Darknet. According to the information, the data leakage concerned credit card users from various countries, such as the United States (33,000), France (14,000), Australia (5,000), […]

Crypto Industry News: Telegram’s founder and CEO, Pavel Durov, donated Bitcoins worth about $ 90,000 to help reduce the financial burden on the COVID-19 pandemic in Russia. Egor Zhukov, a student political activist who organized a crowdfunding campaign to help people deal with the pandemic crisis, announced a donation from Durov. Zhukov wrote on his […]

Technical Market Outlook: The EUR/USD pair has been moving up in a trend and recently the bulls have managed to break through the upper ascending channel boundary and made a new local high at the level of 1.1145. This is the lower supply zone boundary located between the levels of 1.1148 – 1.1190. Please notice, […]

Technical Market Outlook: The GBP/USD pair has hit the level of 1.2406, which is a part of the second target zone for bulls. The market is still moving inside of the ascending channel and the next target is seen at the level of 1.2466. The momentum is still strong and positive, so odds for a […]

Trading Recommendation Entry: 1725.36 Reason for Entry: horizontal overlap support, 100% fibonacci extension, 38.2% fibonacci retracement, ascending support line Take Profit: 1765.23 Reason for Take Profit: Horizontal swing high resistance Stop Loss: 1709.16 Reason for Take Profit: Horizontal swing low support The material has been provided by InstaForex Company – www.instaforex.com Related Posts:AUDUSD reacting above […]