Today we take a look at GBPJPY 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 – Recovery hopes pull stocks… […]

Today we take a look at GBPJPY 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 – Recovery hopes pull stocks… […]

Yesterday, we saw another demonstration that financial markets were dull due to the absence of American traders. While the banks in the United States, and along with them, the stock exchanges, did not work on the occasion of a spring banking weekend. The single European currency was allowed to take on some kind of adventure. […]

GBPUSD is currently up against the 50-day simple moving average (SMA) after pushing back over the 1.2213 level, that being the 38.2% Fibonacci retracement of the down leg from 1.3514 to 1.1410. Looking at the short-term oscillators, they display mixed signals in momentum. The MACD, though in the negative region and below its red signal […]

EURJPY refused to return to the 117.00 area, reversing up instead to recoup the lost ground from the 118.50 peak on Tuesday. Technically, the short-term risk is currently looking positive as the price is trading above its 20- and 50-day simple moving averages (SMAs), while in momentum indicators, the RSI and the MACD are encouraging too as the former […]

WTI crude oil futures are coming close to break the ten-week high of 34.63, surpassing the 20- and 40-period simple moving averages (SMAs). The short-term upside tendency has begun from April 28 and is support by an ascending trend line and the bullish crossover of the SMAs. According to the technical indicators, the RSI is […]

The GBP/USD pair holds its position within the 22nd figure. At the end of last week, the bears of this currency pair made another attempt to consolidate below the resistance level of 1.2180 (Tenkan-sen line on the daily chart), but they lost control of the pair on Monday, even despite the general strengthening of the […]

The euro rose yesterday amid quite optimistic data on the eurozone economy. However, Germany’s 1st quarter GDP is quite disappointing. According to the data, the German economy shrank at the beginning of this year due to the coronavirus pandemic. The outbreak led to huge unemployment in the country, as well as paralyzed activity in many […]

By the end of this month, there were two main topics in the markets that fully affect the mood of investors. This is, of course, a situation related to the exit of economically developed countries from strict quarantine measures, and the aggravation of the political and economic confrontation between Washington and Beijing. These two important […]

The High Of The Day and Low Of The Day from the Central Bank Dealer Range (CBDR) today are usually formed at STDV 2-STDV 4 under normal market conditions, but sometimes the price can reach the STDV 5-STDV 6. Here are the levels for today: STDV 10 – 1.1102. STDV 9 – 1.1083. STDV 8 […]

The High Of The Day and Low Of The Day from the Central Bank Dealer Range (CBDR) today are usually formed at STDV 2-STDV 4 under normal market conditions, but sometimes the price can reach the STDV 5-STDV 6. Here are the levels for today: STDV 10 – 1.1102. STDV 9 – 1.1083. STDV 8 […]

Trend analysis (Fig. 1). On Tuesday, the price is likely to move in the upward trend from the level of 1.0899 (the closing of yesterday’s candlestick) with the target at 1.0941, which is a pullback level of 50.0% (the blue dashed line). Most likely, the price will continue to grow from this level with the […]

NZD/USD rallies in the short term after the failure to retest the near-term support levels. It is trading at 0.6137 level and most likely will continue to increase and will make another higher high. The USDX’s drop has demolished the dollar, which has decreased versus most of its rivals. USDX plunged after the failure to […]

Forecast for May 26: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.1009, 1.0961, 1.0935, 1.0912, 1.0876, 1.0836, 1.0789 and 1.0756. Here, the price registered the expressed potential for the downward movement of May 21. The continuation of the […]

Crypto Industry News: The President of Iran has commissioned central bank officials and ministries of energy, communication and IT to prepare plans for a national strategy for mining cryptocurrencies. As reported by Iranian media, officials received information during the 137th session of Iran’s economic coordination center earlier this week, chaired by President Hassan Rouhani. The […]

Crypto Industry News: New strict rules, in which many ways of using digital resources are punishable by a fine or imprisonment, may soon become law in Russia. New bills specifying how Russia should regulate cryptocurrencies were sent to the parliament of the country, the State Duma, earlier this week. Although the official site for the […]

Technical Market Outlook: The EUR/USD pair has made a temporary low at the level of 1.0870 and after the Hammer candlestick pattern was made, the bulls took over the market and pushed the price towards the next technical resistance located at 1.0951. The market conditions are still in their favor, so does the increasing momentum. […]

Technical Market Outlook: The EUR/USD pair has made a temporary low at the level of 1.0870 and after the Hammer candlestick pattern was made, the bulls took over the market and pushed the price towards the next technical resistance located at 1.0951. The market conditions are still in their favor, so does the increasing momentum. […]

Technical Market Outlook: The GBP/USD pair has bounced from the upper channel line and technical support located around the level of 1.2165. The momentum remains neutral-to-negative, but there is still a room for another downside wave. The market conditions are now oversold, so the odds for a bounce extension are high. The last swing low […]

Technical Market Outlook: The GBP/USD pair has bounced from the upper channel line and technical support located around the level of 1.2165. The momentum remains neutral-to-negative, but there is still a room for another downside wave. The market conditions are now oversold, so the odds for a bounce extension are high. The last swing low […]

EUR/JPY has responded to the test of the 50% corrective target of a rally from 115.44 to 118.53. It is now heading higher towards short-term key-resistance at 117.98. A break above this resistance will indicate a re-emergence of the underlying uptrend towards 118.53 on the way towards the 119.31 target for wave iii. At 119.31 […]

The break out of the descending chanal from 132.51 indicates that the alternate bullish count could be in play here. We still need more evidence to confirm this is actually the case. If it’s the case, then we will see a break above minor resistance at 131.95 and more importantly a break above resistance at […]

The break out of the descending chanal from 132.51 indicates that the alternate bullish count could be in play here. We still need more evidence to confirm this is actually the case. If it’s the case, then we will see a break above minor resistance at 131.95 and more importantly a break above resistance at […]

Trading Recommendation Entry: 1.2167 Reason for Entry: Horizontal swing low, 61.8% fibonacci retracement Take Profit :1.2297 Reason for Take Profit: Horizontal swing high resistance Stop Loss: 1.2073 Reason for Stop loss: Horizontal swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:CAD/JPY approaching resistance, potential reversal May 26, 2020 Trading Recommendation […]

Trading Recommendation Entry: 77.528 Reason for Entry: horizontal swing high resistance and 78.6% fibonacci retracement Take Profit: 76.499 Reason for Take Profit: horizontal pullback support, 61.8% fibonacci retracement Stop Loss: 77.814 Reason for Stop loss: Horizontal swing high resistance, 61.8% fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBPUSD reaching […]