Trading Recommendation Entry:1.3735 Reason for Entry: 127% fibonacci extension Take Profit :1.3873 Reason for Take Profit: Horizontal swing high resistance, 38.2% fibonacci retracement Stop Loss: 1.36443 Reason for Stop loss: 161.8% fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD analysis for May 27, 2020 – Upward target… May 27, […]

Trading Recommendation Entry:1.3735 Reason for Entry: 127% fibonacci extension Take Profit :1.3873 Reason for Take Profit: Horizontal swing high resistance, 38.2% fibonacci retracement Stop Loss: 1.36443 Reason for Stop loss: 161.8% fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD analysis for May 27, 2020 – Upward target… May 27, […]

GBP/USD 1H The pound/dollar pair sharply fell and began a strong downward movement on Wednesday, which, however, ended near a new upward trend line, which now supports traders to increase. A rebound from this line and the support area of 1.2196-1.2216 helped the British currency stay in an upward channel, so the pair still maintains […]

GBP/USD 1H The pound/dollar pair sharply fell and began a strong downward movement on Wednesday, which, however, ended near a new upward trend line, which now supports traders to increase. A rebound from this line and the support area of 1.2196-1.2216 helped the British currency stay in an upward channel, so the pair still maintains […]

EUR/USD 1H The EUR/USD pair again worked the upper border of the side channel of 1.0750-1.1000 on the hourly timeframe during the third trading day of the week, from which it has not left in recent weeks. And at the same time, traders failed to overcome not only the 1,0990-1,1008 area, which is considered to […]

EUR/USD 1H The EUR/USD pair again worked the upper border of the side channel of 1.0750-1.1000 on the hourly timeframe during the third trading day of the week, from which it has not left in recent weeks. And at the same time, traders failed to overcome not only the 1,0990-1,1008 area, which is considered to […]

The bulls of the EUR/USD pair attempted to storm the 10th price level again today. It failed again. Buyers tried to test the 1.1000 mark several times throughout May – but the pair attracted sellers each time, after which the price returned to their previous positions. So, today they presented the anti-crisis program in Brussels, […]

4-hour timeframe Average volatility over the past five days: 73p (average). The EUR/USD currency pair intended to resume the downward movement in accordance with the technical picture on Wednesday, May 27. But this picture assumed a downward movement to the lower boundary of the side channel of 1.0750-1.1000 after traders made another unsuccessful attempt to […]

There’s been a lot of talk for a powerful V-shaped recovery, but that has only happened in the stock market, which is ignoring the rising economic and geopolitical risks and is instead plowing higher, powered by a tsunami of stimulus. Alas, at current levels equities imply a ‘painless’ recession, which is probably much too rosy. […]

While markets are shifting focus to the second half of the year, hoping to see signs of economic recovery on the back of easing lockdown measures, the loonie will take a glance at Friday’s Q1 GDP numbers at 12:30 GMT. The monthly GDP readings for March may attract special attention as this was the month […]

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 […]

Minuette operational scale (H4) The last month of spring ends – what’s next? Options for the development of the movement of #USDX vs EUR/GBP & GBP/JPY & EUR/JPY (H4) on May 28, 2020. ____________________ US dollar index The development of the movement of the dollar index (#USDX) from May 28, 2020 will be determined by […]

GBPJPY’s recent up move from the 129.28 level appears to be finding difficulty in closing above the 200-period simple moving average (SMA) at 132.60 and the 133.00 handle. The flatness in the MACD and the blue Kijun-sen line reflect a stall in positive momentum, while the upward slopes in the red Tenkan-sen line and the […]

Good day, dear traders! In the absence of important macroeconomic indicators from the United Kingdom and the United States, the price dynamics of the GBP/USD currency pair is mainly determined by technical factors. At the same time, it is worth mentioning the events that are planned for today. Whether they will affect market sentiment is […]

Corona virus summary: Germany extends distancing rules to end of June. Germany has extended social distancing rules aimed at containing the spread of the coronavirus epidemic to 29 June, Chancellor Angela Merkel’s government said on Tuesday. Merkel’s government had been embroiled in disagreements with the least-affected states, some of which wanted to ditch the measures […]

Corona virus summary: New Zealand expects plan for safe travel with Australia in June. New Zealand Prime Minister Jacinda Ardern said on Wednesday a draft blueprint on safely starting travel between New Zealand and Australia will be presented to both governments in early June, Reuters reports. The neighbours have been discussing the possibility of a […]

Corona virus summary: The Americas have emerged as the new centre of the coronavirus pandemic, the World Health Organization (WHO) has said, as a US study forecast the number of deaths surging in Brazil and other Latin American countries through August. “Now is not the time for countries to ease restrictions,” Carissa Etienne, WHO director […]

Technical outlook: Gold continues to drift lower since $1,765 highs over last week. The yellow metal is seen to be trading around $1,705/06 levels at this point in writing and is expected to push through $1,702/1,700 before it finds some support. The short-term targets for Gold are pointing towards $1,690 and $1,660 levels respectively. A […]

Technical outlook: GBP/USD is seen to be trading around 1.2333 levels at this point in writing and is expected to continue pushing higher after a brief corrective drop. The currency pair seems to have carved a meaningful bottom around 1.1414 levels earlier. Since then it has remained in control of bulls and managed to carve […]

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Technical outlook: EUR/USD rallies past 1.1025 today, opening doors for further push towards 1.1150 in the short term. The single currency pair is seen to be trading at intraday’s high around 1.1025 at this point in writing and is expected to continue printing higher highs and higher lows. The overall structure remains bullish until 1.0636 […]

On Monday, the stock market had very mixed dynamics. External factors were so diverse that they cannot provide a single vector on trading platforms. It can be recalled that trading on the American stock exchanges ended last week without any changes, there was practically no dynamics. The pressure that existed in the markets was multi-directional, […]

From the point of view of complex analysis, we can see that the quotes converged once again with the control levels. The past trading day was again active, which raised volatility, and encouraged speculators to open long positions in the area 1.0885. The results of which returned the quotes to the upper border of the […]

The Economic Sentiment Indicator (ESI) and preliminary inflation readings will be the data highlights in the Eurozone this week. The ESI is out on Thursday and the flash inflation estimate will follow on Friday; both are due at 09:00 GMT. The two reports are expected to paint contrasting pictures as the ESI should tick higher […]

In America, there’s a flood of data coming up towards the end of the week. Durable goods orders and the weekly jobless claims are due at 12:30 GMT on Thursday, while Friday brings consumption and income numbers ahead of a speech by Fed chief Powell (15:00 GMT). For the dollar though, none of these is […]