EUR/USD As expected, the euro was trading in a small range on Monday due to holidays in the UK and the US. The single currency ended the day at the opening price. The price consolidated under the trend line of the price channel on the euro’s daily chart, but remained above the MACD indicator line. […]

GBP/USD The British pound failed to gain a foothold under the MACD line on Monday (closing of the day was slightly higher than this line), and it opened above this line today. But the Marlin oscillator remains in the zone of negative values. The price may return below the MACD line, as it is still […]

GBP/USD The British pound failed to gain a foothold under the MACD line on Monday (closing of the day was slightly higher than this line), and it opened above this line today. But the Marlin oscillator remains in the zone of negative values. The price may return below the MACD line, as it is still […]

AUD/USD The Australian dollar took advantage of the lull in the market and slightly grew on Monday and this morning. A double divergence on the Marlin oscillator exerts pressure on the price on the daily chart, so the 0.6677 level (the goal of a growing trend) is unlikely to be achieved. The price should work […]

AUD/USD The Australian dollar took advantage of the lull in the market and slightly grew on Monday and this morning. A double divergence on the Marlin oscillator exerts pressure on the price on the daily chart, so the 0.6677 level (the goal of a growing trend) is unlikely to be achieved. The price should work […]

USD/JPY The dollar only grew by seven points against the yen on Monday, the balance indicator line kept the growth for several days, but this morning a breakthrough of this resistance took place and the price boldly moved to the first target level of 108.30 (February 3 low). Overcoming the level will open the second […]

Trading Recommendation Entry: 76.946 Reason for Entry: Ascending trendline support, 50% Fibonacci retracement. Take Profit : 77.822 Reason for Take Profit: Horizontal swing high Stop Loss: 76.529 Reason for Stop loss: Graphical swing low, 61.8% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – CADJPY edges sideways; positive… […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – sideways. CCI: -57.1704 The British pound spent the first trading day of the new week in calm and quiet trading. After the bulls made an unsuccessful attempt to start a new upward […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – sideways. CCI: -90.7906 The EUR/USD currency pair spent the first trading day of the week in absolutely calm trading without major price changes. By and large, the market was flat all day. […]

GBP/USD 1H An absolute flat was observed on the hourly chart for the pound/dollar pair on Monday. The activity of market participants was minimal, even lower than for the EUR/USD pair, which is traditionally considered less volatile. Quotes that have already overcome the support area of 1.2196-1.2216 returned to it and, at the time of […]

EUR/USD 1H The EUR/USD pair showed multidirectional movements in a narrow price range not exceeding 50 points on the hourly timeframe during the first trading day of the week. The bears did not manage to overcome the support area of 1.0881-1.0892 on Monday, as well as the Senkou Span B line of the Ichimoku indicator […]

General sentiment in the foreign exchange market has not changed over the weekend: anti-risk sentiment is still prevailing, providing background support for the US currency. High-ranking officials from the United States and China continue to exchange high-profile accusations that only exacerbate the overall situation. The high-profile national security bill in Hong Kong added fuel to […]

Minor operational scale (Daily) The last week of spring and the beginning of summer – how the dollar index #USDX and the “raw” currencies AUD/USD, USD/CAD, and NZD/USD will behave – options for the development of the movement from May 26, 2020. ____________________ US dollar index From May 26, 2020, the movement of the dollar […]

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 […]

CADJPY remains mostly undecided since March 25, trading between 78.46 and 74.76. The mostly flat 50-day simple moving average (SMA) further suggests price’s directionless demeanour, while the downwards sloping 100- and 200-day SMAs back a negative outlook. The momentum indicators also reveal conflicting signals. The stochastic lines are bearish after deflecting off the 80 overbought […]

EURUSD: You may consider purchases from 1.0915, stop at 1.0870. You may consider sales from 1.0869, stop at 1.0915 The direction of the big trend for the euro will be determined at present. The market comprehends economic prospects and the course is attractive for taking positions on the trend. Conservative: You may consider purchases from […]

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 […]

EUR/USD On May 22, the euro/dollar pair lost another 55 basis points. Thus, the instrument continues to move, which contradicts the current wave markup, which assumes the construction of an upward wave 3 or C or B. Either the expected wave 2 or C or B will become more complicated, or the increase in quotes […]

EUR/USD On May 22, the euro/dollar pair lost another 55 basis points. Thus, the instrument continues to move, which contradicts the current wave markup, which assumes the construction of an upward wave 3 or C or B. Either the expected wave 2 or C or B will become more complicated, or the increase in quotes […]

Corona virus summary: The volume of Bitcoin (BTC) tweets is on the rise once again pointing to a strengthening of bullish expectations among traders. Tweeting on Monday, analyst Zack Voell highlighted the significant surge in Bitcoin Twitter mentions over the past few months. In the past, social media metrics such as tweet volume or comments […]

Corona virus summary: The volume of Bitcoin (BTC) tweets is on the rise once again pointing to a strengthening of bullish expectations among traders. Tweeting on Monday, analyst Zack Voell highlighted the significant surge in Bitcoin Twitter mentions over the past few months. In the past, social media metrics such as tweet volume or comments […]

Corona virus summary: Trump had already banned certain travelers from ChinaEuropeUnited KingdomIrelandIranRussia Technical analysis: Gold has been trading downwards as I expected on Friday. I still see potential for the downside towards the levels at $1,717 and $1,711. Trading recommendation: Watch for selling opportunities on the rallies with the targets at the price of $1,717 […]

From the point of view of complex analysis, we can see the downward movement that occurred from the upper limit. Last trading week surprised everyone with its dynamics. The quotes formed a channel from the lower border of the flat 1.0775 / 1.1000, after which it worked out the upper limit, forming a downward tact. […]

From the point of view of complex analysis, we can see the downward movement that occurred from the upper limit. Last trading week surprised everyone with its dynamics. The quotes formed a channel from the lower border of the flat 1.0775 / 1.1000, after which it worked out the upper limit, forming a downward tact. […]

Corona virus summary: The Japanese prime minister, Shinzo Abe, is to lift the state of emergency imposed due to the coronavirus crisis. He said on Monday that the country had managed to get the spread of the virus under control in under two months. Physical distancing curbs were loosened for most of the country on […]