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Elliott wave analysis of EUR/GBP for May 27, 2020

Post by on May 27, 2020

EUR/GBP is finally back to test the neckline support at 0.8866. This former resistance which now acts as support should be able to protect the downside for renewed upside pressure through minor resistance at 0.8930 indicating the next impulsive rally towards 0.9065 on the way higher to and above the peak at 0.9495. In the […]

Elliott wave analysis of GBP/JPY for May 27, 2020

Post by on May 27, 2020

GBP/JPY tested the key-resistance at 133.19 but failed to break above in the first attempt, but after a minor correction a second and more successful attempt should be seen. A break above key-resistance at 133.19 will shift the currently alternate count to the preferred count and this outcome looks possible. In the short-term, support is […]

GBP/USD: plan for the European session on May 27 (analysis of yesterday’s trade). Pound byers’ optimism depends on 1.2304.

Post by on May 27, 2020

To open long positions on GBP/USD, you need: Yesterday, the bears made several attempts to regain market control after the pair fell to resistance 1.23036, which has now transformed to the 1.2359 level. This range should be highlighted in the morning, since its breakthrough and consolidation above will continue the bullish momentum that we observed […]

GBP/USD Price Movement For May 27, 2020

Post by on May 27, 2020

After breaking through the upper Line (downslope) Pitchfork (dash maroon) on 4-hour chart cable the GBP/USD pair is now making a new slope pitchfork channel (blue) but after a purge, the buy-side liquidity pool at 1.2339, the pair has failed to reach the middle line from upslope pitchfork and sank again. The pair will try […]

AUDUSD pullback to trendline support in progress!

Post by on May 27, 2020

Trading Recommendation Entry: 0.66752 Reason for Entry: Recent swing high, -27 Fibonacci retracement Take Profit : 0.65937 Reason for Take Profit: Ascending trendline support, 50% Fibonacci retracement Stop Loss: 0.67210 Reason for Stop loss: -27% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/JPY approaching support, potential bounce! May 27, […]

Forecast for EUR/USD on May 27, 2020

Post by on May 27, 2020

EUR/USD Excellent data on house sales in the primary market came out on Tuesday – the April indicator showed 623,000 against expectations of 492,000 and 619,000 in March. A little earlier, in the afternoon, the consumer climate index in Germany from GfK in June showed an increase from -23.1 to -18.9 (forecast -19.1), which gave […]

Forecast for AUD/USD on May 27, 2020

Post by on May 27, 2020

AUD/USD The Australian dollar grew by 107 points on Tuesday, with the day’s peak having worked the first target level of 0.6677. Overcoming the level opens the second target of 0.6820. But according to the Marlin oscillator, a triple divergence has already formed, which is the main technical factor for a reversal from the current […]

Forecast for USD/JPY on May 27, 2020

Post by on May 27, 2020

USD/JPY The yen traded in the range of 53 points on Tuesday, ending the day with a loss of 18 points. The price was unable to gain a foothold over the signal level of 107.78, respectively, and develop growth to the target level of 108.30. Currently, the price is testing the support of the 107.38 […]

GBP/JPY approaching support, potential bounce!

Post by on May 27, 2020

Trading Recommendation Entry: 131.744 Reason for Entry: horizontal pullback support, 61.8% fibonacci retracement and 78.6% fibonacci extension Take Profit: 133.189 Reason for Take Profit: Horizontal swing high resistance Stop Loss: 130.744 Reason for Stop loss: Horizontal swing low support The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD: dollar’s unexpected support and […]

Overview of the GBP/USD pair. May 27. Is the second wave of the “coronavirus” epidemic starting in the United States? Americans

Post by on May 27, 2020

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – up. CCI: 205.5926 The British pound rose sharply against the US currency on the second trading day of the week. At the same time, as in the case of the euro currency, […]

Overview of the GBP/USD pair. May 27. Is the second wave of the “coronavirus” epidemic starting in the United States? Americans

Post by on May 27, 2020

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – up. CCI: 205.5926 The British pound rose sharply against the US currency on the second trading day of the week. At the same time, as in the case of the euro currency, […]

Overview of the EUR/USD pair. May 27. According to the “Merkel-Macron plan”, the poorest countries of the European Union

Post by on May 27, 2020

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 104.6616 The EUR/USD currency pair spent the second trading day of the week in a strong upward movement and returned to the upper border of the side channel of 1.0750-1.1000. […]

Three factors that could boost pound volatility in June

Post by on May 27, 2020

The pound significantly strengthened against the dollar and the euro on Tuesday. The British currency has gone above $1.23 for the first time in 13 days, which is primarily due to the general decline in the US dollar, which suffered from a risk appetite. Reuters added positive news to the sterling as it reported that […]

May 26, 2020 : EUR/USD Intraday technical analysis and trade recommendations.

Post by on May 26, 2020

Few weeks ago, 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%). Around the price zone between (1.1075-1.1150), a bearish Head & Shoulders pattern […]

Overview of NZD/USD and AUD/USD for May 26, 2020

Post by on May 26, 2020

After the long weekend in the USA, Great Britain and a number of Asian countries, the markets are trading very vigorously, E-mini futures add about 2%, European stock indices are in a good plus. In the absence of other explanations for such ambitious optimism, it remains the main reason to consider a way out of […]

May 26, 2020 : GBP/USD Intraday technical analysis and trade recommendations.

Post by on May 26, 2020

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

Evening review on EUR/USD for May 26, 2020

Post by on May 26, 2020

About a month ago, the whole world was struck by the huge number of mortality in Italy (as well as in Spain and Britain later). The Italian health department issued a report that tried to explain the reason: 96% of coronavirus deaths were either very elderly or had severe comorbidities. Making the average age of […]