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 […]

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 […]

Today’s trading on stock exchanges in the Asia-Pacific region takes place with multidirectional dynamics. Tensions are rising with the worsening conflict between the US and China, which is in fact, the only factor that exerts really strong pressure on the market. China’s Shanghai Composite Index started a new session with a 0.27% decline, while Hong […]

While buyers of risky assets are trying to enlist the support of new major players, the Chinese authorities responded aggressively to yesterday’s statement by US Secretary of State Mike Pompeo. Let me remind you that we are talking about sanctions and Hong Kong’s autonomy. Secretary of State Mike Pompeo has already said that any Chinese […]

USDCHF presently below the 0.9700 mark, continues to zig zag above and below the mostly horizontal simple moving averages (SMAs) in a directionless market that has endured since early April. Glancing at the short-term oscillators, they too mirror weak directional momentum within the confines of 0.9588 and 0.9800. The MACD is just above its red […]

Gold bulls recapture $1,700 but face important resistance ahead. Price has resistance now at $1,725 where we find the upper boundary of the downward sloping channel. Gold bulls have made a comeback after breaking below $1,700 and it is important for them to hold price above it. Red lines – bearish channel Green line -target […]

EURUSD is pushing once again above the key short-term horizontal resistance of 1.10-1.1020. Price is now trading at 1.1036 and a daily close above the resistance would be a bullish sign. However the RSI in the 4 hour chart warns bulls to be cautious. Black lines – bearish divergence Green rectangle- horizontal support Red line […]

From the point of view of complex analysis, we can see the consolidation of quotes outside the flat pattern. For the first time in eight weeks, quotes managed to consolidate above 1.1000, the upper border of the flat, instantly raising the possibilities of a breakout, as well as trend change in the market. The movement […]

The US dollar index looks to be mostly neutral after a descent from the March 20 peak of the three-year high of 103.80, returning the price back below the 101.00 barrier and below the 20- and 40-day simple moving averages (SMAs). The decline in the MACD oscillator and the flattening mode in the RSI in the […]

EURJPY despite the recent pullback in price maintains its bullish bias above the simple moving averages (SMAs) and the Ichimoku cloud. The current horizontal Ichimoku lines reflect a pause in price appreciation, while the short-term oscillators suggest some weakening in positive sentiment. The MACD in the positive region has flattened above its red signal line, […]

EURJPY despite the recent pullback in price maintains its bullish bias above the simple moving averages (SMAs) and the Ichimoku cloud. The current horizontal Ichimoku lines reflect a pause in price appreciation, while the short-term oscillators suggest some weakening in positive sentiment. The MACD in the positive region has flattened above its red signal line, […]

NEWS : BoE Saunders (Dovish Dissenter) – Risk management consideration played role in vote to raise asset purchases Technical analysis: BTC has been trading upwards towards the resistance at the price of $9,250. I found the rejection of the resistance and potential for the further downside continuation towards the level at $8,630. Trading recommendation: Watch […]

NEWS : BoE Saunders (Dovish Dissenter) – Risk management consideration played role in vote to raise asset purchases Technical analysis: BTC has been trading upwards towards the resistance at the price of $9,250. I found the rejection of the resistance and potential for the further downside continuation towards the level at $8,630. Trading recommendation: Watch […]

Corona virus summary: European investment slashed Technical analysis: EUR/USD has been trading sideways at the price of 1,1007. I see further downside rotation due to overbought condition and rejection fo the resistance at 1,1007. Trading recommendation: Watch for selling opportunities on the rallies, The downward targets are set at the price of 1,0960 and 1,0935. […]

Corona virus summary: South Korea could face return to coronavirus restrictions Technical analysis: Gold has been trading upwards. As I expected, the price reached my first upward target from yesterday at the price of $1,718 and it is heading for the next targets at $1,734 and $1,739. Trading recommendation: Resistance levels are set at the […]

The latest update on the coronavirus as of the morning of May 28: the report is negative. In the US, the number of new cases is again above 20 thousand, and the number of deaths has increased once again above 1,000 per day. The situation in Brazil is even worse. The daily increase of new […]

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The euro arose amid news that the European Commission has agreed to provide non-repayable loans to EU countries in need of assistance. The new package will allot € 500 billion for the so-called “grants”, and another € 250 billion for credit lines. Yesterday, the European Commission proposed a new recovery plan, after the Franco-German agreement […]

Today we take a look at GBPUSD 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:Daily Market Comment – Hong Kong tensions sink […]

GBP/USD is moving up within an up channel, but a significant increase needs more than that. Still, the current increase could be only a temporary one if the US reports better than expected data and if the USDX gives birth to a strong bullish momentum. The pair is still undecided, despite the minor increase in […]

From the point of view of a comprehensive analysis, you can see the development of the resistance level, with a partial restoration of the price, and now let’s talk about the details. The last trading day continued to delight market participants with high volatility, during which the quote managed to work out the resistance level […]

Hong Kong’s special status with US under threat after Pompeo warning Yuan and Hong Kong shares under pressure but optimism prevails elsewhere Euro surges after European Commission proposes €750 billion rescue fund US and China heading for another clash Hong Kong looks set to lose the special status it enjoys with the United States on […]

Hong Kong’s special status with US under threat after Pompeo warning Yuan and Hong Kong shares under pressure but optimism prevails elsewhere Euro surges after European Commission proposes €750 billion rescue fund US and China heading for another clash Hong Kong looks set to lose the special status it enjoys with the United States on […]

The currencies, which drives the global economy, namely European and American, unexpectedly faced a sharp change in market sentiment. Experts believe that this is how the market is trying to win back a new wave of political mess associated with tensions between the US and China. A reversal in relation to the EUR/USD pair contributed […]

The currencies, which drives the global economy, namely European and American, unexpectedly faced a sharp change in market sentiment. Experts believe that this is how the market is trying to win back a new wave of political mess associated with tensions between the US and China. A reversal in relation to the EUR/USD pair contributed […]