To open long positions on GBPUSD, you need: The British pound strengthened its position throughout the first half of the day after media reports that the EU may ease requirements for a trade agreement with the UK, which returned buyers to the market, allowing them to demonstrate the growth of more than 100 points. If […]

To open long positions on EURUSD, you need: Buyers continued to push the euro higher amid rising optimism. If you look at the 5-minute chart, you can see how the breakout and consolidation of the euro above the resistance of 1.0928, which I paid attention to in my forecast this morning, led to the continuation […]

USDJPY has recently provided us with a bullish signal by breaking above the downward sloping wedge pattern. Price pulled back to form a higher low but price has not moved much higher, stabilizing around key short-term horizontal resistance. Black lines – wedge pattern Green rectangle – horizontal resistance Blue line – long-term resistance trend line […]

In a previous analysis on USDCAD we mentioned a bearish pattern that was being formed. Price was forming a descending triangle and we said that usually patterns like this break to the downside. Red lines – descending triangle pattern USDCAD has broken below the triple horizontal bottom at 1.3850. A daily close below this level […]

Corona virus summary: Australia will not open the country’s borders ‘anytime soon’ Technical analysis: Trading recommendation: Resistance level is set at 9,260 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical analysis of USDJPY May 26, 2020 USDJPY has recently provided us with a bullish signal by…Trading plan for GBP/USD for May […]

Technical outlook: GBP/USD is seen to be trading at around 1.2310/15 levels at this point in writing.The pair is expected to push toward 1.2900 levels in the short term. The currency pair dropped to 1.2080 levels over the past few trading sessions before turning bullish again. Please note that GBP/USD had reached fibonacci 0.382 retracement […]

Technical outlook: Gold prices remain subdued after printing highs at $1,765 levels over the last week. The yellow metal has produced a trade cycle of lower lows and lower highs while it is trading at around $1,725 at this point in writing. Immediate price resistance is seen towards $1,750/51, while support is seen towards $1,710 […]

If the ECB is ready to save Italy, is it worth waiting for similar steps from the EU? According to Francois Villeroy de Galhau, head of the Bank of France, there is no need to use the capital key when the volume of asset purchases under the quantitative easing program is related to the size […]

Technical outlook: EUR/USD has resumed its rally towards 1.1500 levels after printing lows at 1.0870 levels yesterday. The single currency pair is seen to be trading at around 1.0950/52 levels at this point in writing and should be looking to push above 1.1020 and 1.1150 resistance soon. The boundary which is still being worked upon […]

The dollar strengthened against the euro and the yen during the Asian trading session yesterday. The growth of the greenback was also recorded in pair with the Chinese yuan. According to the data, the euro fell by about 0.17% against the dollar, which pushed it to the level of 1.0883 dollars. The single European currency […]

USDCAD failed again to beat the mostly flattened simple moving averages (SMAs) and is currently headed to retest the lower boundary of the horizontal market at 1.3850. The short-term oscillators further reflect the latest down turn in price with the RSI having approached the 30 mark from the bullish section, and the stochastic lines declining […]

The German 30 stock index (cash) found support at the 50% Fibonacci of the virus-led sell-off and crawled to a fresh high of 11,537 on Tuesday. With the price deviating above its shorter-term moving averages (SMAs) and the ichimoku cloud at a time when the RSI keeps sloping upwards, additional gains could follow in the […]

EURGBP spent more than a month trapped in a narrow range with a lower boundary at 0.8680 and an upper end at 0.8860, before breaching it to the upside. Yet, the upside move seems to have encountered powerful resistance near the 0.9000 handle and the pair has turned lower again, igniting doubts about whether this […]

EURUSD: New growth attempt. You may keep purchases from 1.0855, stop at 1.0870. Possible purchases from 1.0915. Sales from 1.0869. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading plan forEUR/USD on May 26, 2020. Coronavirus… May 26, 2020 Coronavirus updates from around the world, as of the morning…Analysis and forecast for […]

From the point of view of a comprehensive analysis, you can see low activity, which focuses on itself the special attention of market participants, and now let’s talk about the details. The last trading day was one of the lowest since the beginning of the year, where the quote literally stood in one place, having […]

Coronavirus updates from around the world, as of the morning of May 26: news are positive everywhere. In the US, the number of new cases remain unpleasantly high at almost 20 thousand per day, but the number of deaths have become much lower, at about 1,000 per day. In Europe, the overall situation is very […]

Hello, traders! Before we analyze the technical picture of the GBP/USD currency pair in detail, we would like to note that a whole political scandal has been fanned in the UK. The fact is that Dominic Cummings, who is the chief adviser to British Prime Minister Boris Johnson, violated the quarantine regime at the height […]

The GBP/USD further drop was invalidated. For now, the pair is drifting higher and is about to reach an important static resistance. The pair is trading at 1.2263, the pound sterling has taken full control as the USD is weakened by the USDX’s current drop. GBP is very strong in the short term, it has […]

EUR / USD Yesterday, the center of lateral movement was tested, noticed and marked once again. The formation of the deceleration at the meeting with the daily Kijun (1.0873) confirmed the relevance of the benchmarks of the existing daily sideways and prolonged weekly consolidation. Now, the main task for the players to increase is to […]

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 […]

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 […]

Growth optimism drives equities higher as outlook brightens on lockdown easing Dollar slips on risk-on mood, pound and aussie shine But gold supported by lingering US-China tensions Stocks buoyed by economic reopening Global equities extended yesterday’s strong gains with Asian indices adding between 1-3% on Tuesday and European and US futures surging by 2%. The […]

The US 100 stock index (cash) enjoyed a very powerful rebound in recent weeks, posting higher highs and higher lows above an upside support line drawn from the March lows, and is now approaching its all-time high of 9,751. Adding credence to the improving technical picture, the 50-day simple moving average (SMA) just crossed back […]

The European and American currencies are going through difficult times again. Pressure on the euro has increased due to a number of negative factors, and the dollar, as usual, is trying to capitalize on difficult circumstances. Experts expect further confrontation in the EUR/USD pair. The US currency received unexpected support from two factors: the political […]

“Oil consumption has not reached its highest levels,” revealed Fatih Birol, head of the International Energy Agency. “Due to soft government policies and low oil prices, global demand for oil will return to its pre-crisis levels in the near future,” he added. The global oil consumption last year amounted to nearly 100 million barrels per […]