Technical Market Outlook: The EUR/USD pair has broken above the level of 1.1050 and keeps going higher inside of the ascending channel. The bulls are then pushing through and the market conditions are still in their favor, so does the increasing momentum. The next target for bulls is seen at the level of 1.1148 and […]

Technical Market Outlook: The EUR/USD pair has broken above the level of 1.1050 and keeps going higher inside of the ascending channel. The bulls are then pushing through and the market conditions are still in their favor, so does the increasing momentum. The next target for bulls is seen at the level of 1.1148 and […]

Crypto Industry News: The Chinese People’s Bank (PBoC) explained that there is still no “schedule” for the official launch of the digital yuan. In an interview published on the central bank’s website, the president of PBoC, Yi Gang, was asked about the official date of the introduction of the central bank’s digital currency, to which […]

Crypto Industry News: As part of his recent videoconference, Goldman Sachs addressed several topics about the “US economic outlook” and “implications of current policy.” The bank’s experts analyzed, among others topics such as inflation, gold and Bitcoin. The event took place yesterday. Unfortunately, cryptocurrency fans will not be delighted with the financiers’ conclusions. Earlier, cryptocurrency […]

To open long positions on GBP/USD, you need: The British pound managed to defend the 1.2237 level yesterday, and after a break and consolidation above the resistance of 1.2290, demand only intensified, which allows us to expect a return to this week’s highs. If you look at the 5-minute chart, you will see how a […]

To open long positions on GBP/USD, you need: The British pound managed to defend the 1.2237 level yesterday, and after a break and consolidation above the resistance of 1.2290, demand only intensified, which allows us to expect a return to this week’s highs. If you look at the 5-minute chart, you will see how a […]

To open long positions on EUR/USD, you need: Yesterday’s report on US GDP for the first quarter of this year turned out to be worse than forecasts of economists, which caused the euro to strengthen further. If you look at the 5-minute chart, you will clearly see how the breakout of resistance 1.1030 occurred, and […]

EUR/JPY has rallied to a high of 119.39 or just above our ideal target at 119.31. This has completed wave iii/ and we should now see a correction in wave iv/. As wave ii/ was a simple deep zig-zag correction, we should expect a complex flat correction, that doesn’t correct more than 38.2% of wave […]

EUR/JPY has rallied to a high of 119.39 or just above our ideal target at 119.31. This has completed wave iii/ and we should now see a correction in wave iv/. As wave ii/ was a simple deep zig-zag correction, we should expect a complex flat correction, that doesn’t correct more than 38.2% of wave […]

Key-resistance at 133.19 remains untouched which keeps this count as the alternate count. We believe that it is just a matter of time before the real test and likely break above key-resistance at 133.19 occur. Once broken that will call for a continuation higher to 135.00 and to 141.06. In the short-term, we could see […]

On the 4 hour chart, the USD/CAD pair is going to liquidity void and BIVI (buy-side imbalance volume). Both of them will act as a magnet area for Kiwi. However, this pair needs to rise above the 1.3822 level. Although there is a liquidity void above that level, from the technical point of view pay […]

On the 4 hour chart, the USD/CAD pair is going to liquidity void and BIVI (buy-side imbalance volume). Both of them will act as a magnet area for Kiwi. However, this pair needs to rise above the 1.3822 level. Although there is a liquidity void above that level, from the technical point of view pay […]

EUR/USD Yesterday, investors’ expectations for positive US data did not materialize. The volume of orders for durable goods fell by 17.2% in April after a previous drop of 14.7%. The forecast was -19.0%, but of -17.2% optimism, of course, does not cause. The second estimate of GDP for the first quarter was revised down from […]

AUD/USD The Australian dollar is consolidating for the third day at the 0.6677 level (extremum of August 7, 2019, October 1, 2019, March 9, 2020, etc.). At first glance, this is a sign of continued growth, but if the price does not manage to do this before the Marlin oscillator signal line goes into the […]

USD/JPY The US stock market (S&P 500) lost 0.21% on Thursday due to weak economic data: the volume of orders for durable goods fell by 17.2% in April, the second estimate of GDP for the first quarter was revised down from -4.8 % to -5.0% against an unchanged forecast (i.e. -4.8%). The Japanese Nikkei 225 […]

Trading Recommendation Entry: 0.61800 Reason for Entry: Ascending trendline support, 61.8% Fibonacci retracement Take Profit : 0.62408 Reason for Take Profit: 78.6% Fibonacci retracement, 61.8% Fibonacci extension Stop Loss: 0.61499 Reason for Stop loss: Graphical swing low, 50% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:XAU/USD bounced off support, […]

Trading Recommendation Entry: 1714.301 Reason for Entry: Horizontal pullback support and 38.2% fibonacci retracement, Take Profit: 1738.519 Reason for Take Profit: Horizontal swing high resistance, 61.8% fibonacci retracement Stop Loss: 1703.829 Reason for Stop loss: Horizontal swing low support, 61.8% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:NZD/USD holding […]

GBP/USD 1H The pound/dollar resumed the upward movement on Thursday, turning upward near the ascending trend line. Thus, the bulls held the market in their hands. Nevertheless, over the past day they were not able to update local highs, which provoked the construction of a downward trend line, and now the pair is stuck in […]

EUR/USD 1H The EUR/USD pair continued its upward movement on the hourly timeframe during the penultimate trading day of the week, left the side channel of 1.0750-1.1000, which was trading for several weeks. Thus, the bulls indicated their intention to build a new upward trend. We have already mentioned in our fundamental analysis articles that […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – upward. CCI: 113.8901 On May 27, the British pound corrected to the moving average line but failed to gain a foothold below it, so yesterday it rebounded and resumed its upward movement. […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 189.7511 The EUR/USD currency pair spent the fourth trading day of the week in a strong upward movement and left the side channel limited by the levels of 1.0750-1.1000. Thus, […]

An interesting picture develops on the US dollar, which alludes to the bearish trend. The greenback is cheaper relative to most competitors and, notably, to the currencies of developing countries. The dollar index changed slightly in price on Thursday. The indicator was stuck between the difficult situation with Hong Kong and the general risk appetite. […]

The US currency began its trading rather weakly today: no rapid changes in its course have occurred. At the same time, the currencies of the Asia-Pacific region were experiencing rather strong and ambiguous pressure against the background of increasing tension between the largest economic powers – the United States and China. In addition, the situation […]

Minuette operational scale (H4) What will the main cross-tools offer us at the beginning of summer? Options for the development of the EUR/GBP & GBP/JPY & EUR/JPY movement in the H4 timeframe from May 29, 2020. ____________________ Euro vs Great Britain pound Starting May 29, 2020, the development of the movement of the “main” EUR/GBP […]

Minuette operational scale (H4) What will the main cross-tools offer us at the beginning of summer? Options for the development of the EUR/GBP & GBP/JPY & EUR/JPY movement in the H4 timeframe from May 29, 2020. ____________________ Euro vs Great Britain pound Starting May 29, 2020, the development of the movement of the “main” EUR/GBP […]