EUR/USD The euro worked out the embedded line of the price channel last Friday, and makes an attempt to overcome it this morning. Success paves the way for the price in the target range of 1.1250-1.1265. The indicators on the daily timeframe show no signs of a reversal. The price is above the balance and […]

GBP/USD The pound could not gain a foothold over the signal level of 1.2362 last Friday, it only did so in the morning. The 1.2422 target for the Fibonacci level 138.2% on the daily chart, obviously, will be taken, consolidating above it on the lower timeframe will allow the price to continue rising to the […]

AUD/USD The Australian dollar has successfully realized its bullish potential, which has been accumulating for three days. This morning, the price went above the signal-target level of 0.6677 and jumped to the target level of 0.6825 – the January 2016 low. Overcoming it will allow the price to grow to the price channel line in […]

USD/JPY The yen traded in the range of more than 80 points on Friday, closing the day by 15 points with the release of US data on personal income and expenses for April. Revenues rose 10.5% from expectations of -7.0%, which will lead to increased consumption in the coming months. Stock indices reacted mixed: S&P […]

Trading Recommendation Entry: 0.66799 Reason for Entry: Ascending trendline support, 23.6% Fibonacci retracement Take Profit : 0.67560 Reason for Take Profit: -27.2% Fibonacci retracement Stop Loss: 0.66237 Reason for Stop loss: Graphical swing low, 61.8% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/USD analysis for May 29, 2020 – […]

GBP/USD 1H The pound/dollar on Friday also tried to continue to move up, however, unlike EUR/USD, it failed to do so. In general, the entire movement of the GBP/USD pair remains weaker, although it still persists. An attempt was made to overcome the local May 26 high, but it failed. Moreover, a strong resistance area […]

EUR/USD 1H The EUR/USD pair continued to move upward on the hourly timeframe during Friday, andthe resistance level of 1.1111 and the March 27 high at 1.1147 worked at the end of the day. More precisely, until the last two points were not reached, but it can also be considered a test. The euro/dollar started […]

The latest COT report (Commitments of Traders). Weekly prospects for GBP/USD Based on the latest report of the COT (Commitments of Traders), the British pound continues to maintain high open interest (188,650) and quantitative interest among major players (107 against 105). In the total monetary equivalent, the positions long (169,246) and short (156,214) are now […]

The weekend seems to be eventful. Hong Kong is preparing for new street protests, China is angry at the interference of other countries in the affairs of the autonomous region, and Donald Trump is preparing to answer China for Hong Kong. Everyone is interested in how far the president of the United States can go […]

Minor operational scale (Daily) Options for the development of the movement #USDX vs EUR/USD & GBP/USD & USD/JPY (Daily) in June 2020 ____________________ US dollar index Starting June 1, 2020, the movement of the #USDX dollar index will begin to be determined depending on the direction of the breakdown of the range: resistance level 98.45 […]

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 at least towards 1.0980 and 1.1075 (Fibo Level 50%). Shortly After, a bearish Head & Shoulders pattern was demonstrated around the […]

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). Recently, Atypical Bearish Head & Shoulders reversal pattern is in progress. The GBP/USD pair was recently […]

The growing tension between the US and China put pressure on European stock markets today. Most EU indices are declining, not paying attention to the positive side of the opening economies of many countries after the coronavirus pandemic. Market participants today are more engaged in the conflict between Washington and Beijing, which flared up against […]

The cost of crude oil at the beginning of trading this week was under significant pressure from several factors at once. The growth of stocks in America, the slowly increasing demand (fuel included), as well as the escalation of the conflict between the United States and China are just a few visible reasons for the […]

Today’s auction reflected a decline in the quotes of the greenback. Its price is falling relative to a larger number of major world currencies. The main attention of market participants focused on the conflict between Washington and Beijing, which is only gaining momentum and, apparently, will determine the movement of the quotes in different markets […]

Trading plan: Gold continues to print lower highs and lower lows since $1,765 resistance. After printing fresh lows at $1,694 yesterday, the yellow metal had rallied higher to produce a counter trend rally. It has reached the fibonacci 50% retracement of the entire drop between $1,765 and $1,664 around $1,732 and is seen to be […]

Technical outlook: EUR/USD printed an intraday high around the 1.1150 level and pulled back sharply. The overall trend looks encouraging for bulls but we can expect a short corrective drop as shown on the chart. The recent boundary which is being worked upon is between 1.0870 and 1.1150. A 61.8% drop would bring EUR/USD to […]

EURUSD: There is a signal of an upward movement, thus, we wait for a strong pullback for purchases. In the morning we recorded a profit on purchases. However, at present, there are no open positions. US Consumer Income / Expense Report for April Released: Revenue dropped to -10%, while cost dropped to -13%. RFE inflation […]

EUR / USD and GBP / USD on May 29 – technical analysis recommendations EUR / USD Bulls, having the support of the major players in the COT report last May 19, 2020, lived up to expectations and were the leaders of the movement throughout the current week, allowing bears only minor corrections and retests. […]

The coming week is action-packed, with three central bank meetings, the resumption of critical Brexit talks, and the release of the US jobs report. The ECB looks primed to expand its QE program but paradoxically, that may not hurt the euro. Neither the Reserve Bank of Australia nor the Bank of Canada is unlikely to […]

The Reserve Bank of Australia is scheduled to hold a policy meeting on Tuesday with an announcement expected at 05:30 GMT. A day later, the GDP growth estimate for the first quarter is due at 01:30 GMT, making it an important week for the very bullish looking Australian dollar. However, with the growth picture improving […]

From the point of view of complex analysis, we can see the first radical change in the trading chart in two months. The trading week is drawing to a close, so it’s time to take preliminary results. The past trading days were extremely dynamic. Market participants opened long positions from the pivot point 1.0885, pushing […]

NEWS: Technical analysis: Trading recommendation: Watch for buying opportunities on the dips and upward targets at 1,2417 and 1,2450. There is the confirmed upward trend in the background and strong upward momentum. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading recommendations for EUR/USD on May 29, 2020 May 29, 2020 From […]

Corona virus summary: The number of Americans who have lost their jobs in the past 10 weeks soared to more than 40 million as the number of unemployment claims continued to rise with 2.1 million people filing for unemployment last week. The staggering job losses mark a grim milestone in theeconomic crisis that has gripped […]

Corona virus summary: According to an official announcement on the website of the UK Government, authority “unlocked” £150 million from dormant accounts “for coronavirus response.” Despite the word selection, to many, this sounds much like the Government seized this amount from accounts that were inactive over a certain period. This all is made possible under […]