EUR / USD Yesterday, the players to increase did a retest of the resistance which was broken through before and managed to close the day above significant levels of 1.0934-65 (Fibo Kijun + Tenkan) again. The upward movement continues and now, it is important to maintain bullish optimism and current achievements for weeks and a […]

EUR / USD Yesterday, the players to increase did a retest of the resistance which was broken through before and managed to close the day above significant levels of 1.0934-65 (Fibo Kijun + Tenkan) again. The upward movement continues and now, it is important to maintain bullish optimism and current achievements for weeks and a […]

AUDUSD though having recently failed (in the past two days), appears to persist in tackling the area, from the 200-day simple moving average (SMA) at 0.6642 to the tough border of 0.6684, which includes the 76.4% Fibonacci retracement of the down leg from 0.7031 to the 17½-year low of 0.5506, at 0.6669. The pairs’ efforts […]

EURUSD has been rising over the last two weeks, challenging a fresh almost two-month high at 1.1034. The bullish picture in the short-term is further supported by the MACD, which is edging higher and above its red trigger line, while the stochastic is heading towards the overbought zone with weaker momentum than before. The 20- […]

WTI crude oil futures for July delivery inched down on Wednesday after failing to lift the strong ceiling around 34.63 and jump above the Ichimoku cloud. The price is now looking for support at April’s highs around 31.00 in order to pick up steam, though the weakening RSI and the slowing MACD are currently discouraging […]

It seems that the optimism associated with the expectations of a revival of the American economy and other leading world economies outweighs the negative generated by the aggravation of relations between America and China. On Wednesday, stock markets were already starting to pull back in the wake of new reports of an escalation of the […]

Good afternoon traders! Congratulations to those who followed our trading idea of opening long positions on May 25 . The plan was to work out an ABC pattern: Plan: Results: The movement was more than 1,400 pips! The idea was based on the framework of “Price Action” and “Stop Hunting” methods. Good luck! The material […]

The Australian dollar paired with the American currency expectedly pulled back to the base of the 66th figure during the Asian session on Thursday after the bulls of AUD/USD renewed again almost a three-month price maximum (0.6681) yesterday. Looking ahead, it should be noted that in the medium-term, both long and short positions in the […]

To open long positions on GBP/USD, you need: The bulls yesterday did not receive confirmation that Brussels could really make concessions to the UK, and after the news on the assistance plan proposed by the European Commission, the pound began to quickly lose its position, forming fairly good sell signals, which I spoke about in […]

Crypto Industry News: The message signed by 145 wallets containing Bitcoins extracted in the first years calls Craig Wright a “liar and cheater.” The message was published on May 25 with a list of 145 addresses and their corresponding signatures. This apparently proves that these addresses actually belong to the person sending the message. The […]

Crypto Industry News: Goldman Sachs will host a teleconference entitled “US Economic Prospects and the Implications of Current Inflation, Gold and Bitcoin Policies”. Mike Dundas, founder of The Block, published a screenshot of the invitation, showing that the event will be hosted by Sharmin Mossavar-Rahmani, CIO Goldman’s Investment Strategy Group, along with economics professor Harvard […]

Technical Market Outlook: The EUR/USD pair has broken above the level of 1.1017, which is the upper supply zone boundary and made a new swing high at the level of 1.1035 (at the time of writing the article). The bulls are then pushing through and the market conditions are still in their favor, so does […]

Two weeks before the OPEC + meeting in June, Russia and Saudi Arabia agreed to closely coordinate actions to reduce oil production. Negotiations began between Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman, after Russia announced its plans to begin easing production cuts in July, The talks halted US oil in the […]

Technical Market Outlook: The GBP/USD pair has reversed the direction from up to down after the local high was made at the level of 1.2361. The market has made the Pin Bar candlestick that retraced the up trend almost in 100%. The bulls are pushing the prices and targeting the next level seen at 1.2381, […]

EUR/USD has finally managed to escape from two major patterns and now is signaling a further increase and a reversal in the short term. The USD was punished by the USDX’s further drop, the index has fallen in the negative territory, so it is expected to resume the bearish movement, EUR/USD is expected to increase […]

Forecast for May 28: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.1168, 1.1123, 1.1090, 1.1041, 1.1025, 1.0994, 1.0965 and 1.0933. Here, we are following the ascending structure of May 25th. The continuation of the upward movement is expected […]

The yen continues to trade in a narrow price range against the dollar, despite the rapid news flow. The international scandal surrounding Hong Kong, the mutual threats of Washington and Beijing, the decline in oil prices, additional incentives from the Japanese authorities – these, and many other fundamental factors are ignored by USD/JPY traders. This […]

To open long positions on EUR/USD, you need: The European Commission said that they plan to allocate EU assistance worth 750 billion euros, which has provided significant support to the European currency. However, the bears tried to turn the market in their direction when the US session was about to open, which caused the euro […]

To open long positions on EUR/USD, you need: The European Commission said that they plan to allocate EU assistance worth 750 billion euros, which has provided significant support to the European currency. However, the bears tried to turn the market in their direction when the US session was about to open, which caused the euro […]

EUR/USD The euro continued to grow due to information about the proposal of the European Commission a package of economic assistance worth 1.85 trillion. Euro (Next Generation EU) as part of the planned EU budget. Such news is enough for the euro to go another way. This path can correspond to the target of 1.1140 […]

GBP/USD The British pound lost 70 points on Wednesday due to investors’ concerns regarding the Bank of England’s lower rates towards the negative area. The current rate of the BoE is 0.10%. In addition, UK Brexit negotiator David Frost announced the country’s refusal to extend the transition period ending at the end of this year […]

AUD/USD The Australian dollar completed another test of its first growth target of 0.6677, after which it closed the day with a decline of 30 points. The situation for the aussie remains twofold – if the first target of 0.6677 is overcome, the price will continue to rise to the second target 0.6820, and if […]

USD/JPY The growth of the USD/JPY pair under the influence of the growing stock market amounted to 22 points yesterday. The price overcame a signal level of 107.78, the growth continued this morning. The nearest target at 108.30 is open. The price rises above the balance and lines on the four-hour chart, the Marlin oscillator […]

Trading Recommendation Entry: 107.873 Reason for Entry: horizontal swing high resistance and 78.6% fibonacci extension Take Profit: 108.087 Reason for Take Profit: Horizontal swing high resistance Stop Loss: 107.335 Reason for Stop loss: Horizontal swing low support The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USD/CAD reaching 1st support, potential bounce ! […]

Trading Recommendation Entry: 0.61499 Reason for Entry: scending trendline support, 50% Fibonacci retracement Take Profit : 0.62408 Reason for Take Profit: 78.6% Fibonacci retracement, 61.8% Fibonacci extension Stop Loss: 0.60810 Reason for Stop loss: Graphical swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USD/CAD reaching 1st support, potential bounce ! […]