EUR/USD: After its normal consolidation on an H4 scale, the pair breaks through a maximum of 1.0980. The maximum normal rollback is 1.0940. Closing the day above the level of 1.1020 may open the probability of growth at 1.1400. You may consider purchases from 1.0855 and stop at 1.0835. You may move the stop to […]

EURUSD is making new higher highs and has entered the Ichimoku cloud resistance area. Trend is now neutral in terms of the Ichimoku cloud indicator on a daily basis. As long as price is inside the Cloud, we consider trend is neutral. EURUSD has held above the tenkan-sen (yellow line indicator) and the kijun-sen (green […]

Gold price remains in a bullish trend. Price continues to respect and trade above short-term support Ichimoku indicators. Although technically we still observe bearish divergence signals in the weekly chart, there is no reversal signal yet. Black line -resistance trend line Gold price after breaking above the black resistance trend line has provided a new […]

Today, the stock market began with uncertainty. Investors in Europe, the US, and Asia were not able to determine the general dynamics of development, which only added to their thoughts. Indices of the Western European countries could not demonstrate the same vector of movement. They slightly changed their positions and trading went in different directions. […]

Asian trading for today showed a rise in gold quotes. According to the morning data from the New York Mercantile Exchange division, gold futures for delivery in June began to cost 0.51% more, which allowed them to take the mark of $ 1.754.55 per troy ounce. The support of the precious metal was at the […]

Asian trading for today showed a rise in gold quotes. According to the morning data from the New York Mercantile Exchange division, gold futures for delivery in June began to cost 0.51% more, which allowed them to take the mark of $ 1.754.55 per troy ounce. The support of the precious metal was at the […]

All attention in the first half of the day was drawn to the data on inflation in the UK, the decline of which leaves the Bank of England with even more maneuver with interest rates, maybe even with negative ones, and will also allow you to expand the QE program without any problems. The low […]

The Eurozone’s flash PMI readings for the month of May will hit the markets on Friday at 08:00 GMT, likely showing a reviving business sector as most member states moved forward with their re-opening plans. The data are expected to contribute to the bullish atmosphere the German-Franco deal for a virus relief fund created for […]

GBPJPY pulled back off the descending trend line which has been holding over the last six weeks despite the upside break at the end of April, diving beneath the 132.00 psychological mark. According to the RSI, the market could maintain positive momentum in the short-term as the indicator is positively sloped above its neutral threshold […]

News: As such, the difficulty of mining is set to self-adjust every 2016 blocks -basically every two weeks- in order to maintain a steady block interval. For instance, if it took more than two weeks to mine the previous 2016 blocks, the difficulty decreases. If it took less, mining difficulty is increased. On May 20, […]

Corona virus summary: Member states have backed a resolution strongly supportive of the World Health Organization, after Donald Trump issued a fresh broadside against the UN body, giving it 30 days to make unspecified reforms or lose out on US funding. None of the WHO’s 194 member states raised objections Technical analysis: Trading recommendation: Watch […]

From the point of view of complex analysis, we can see that a local slowdown occurred after a rapid movement downwards. Yesterday’s trading resumed the previous movement, but only managed about 70 points. Afterwards, a pullback arose, and then slowed down. The flat in 1.0775 / 1.1000 has been formed for 1.5 months already. Before […]

Corona virus summary: Spain makes face masks compulsory The Spanish government has confirmed that the wearing of face masks will be compulsory from Thursday Technical analysis: Trading recommendation: Watch for buying opportunities on the pullbacks using the intraday time-frames 15/30 minutes. Main upward targets are set at the price of $1,765 and $1,790. The material […]

Hello, dear traders! Well, it’s time to sort out the AUD/USD currency pair, especially since the minutes of the last meeting of the Reserve Bank of Australia (RBA) was published yesterday. There were no sensational statements or decisions in the minutes of the RBA’s May meeting. It is understandable, in the context of the COVID-19 […]

Today we take a look at GBPCAD 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:Overview and forecast for AUD/USD on May 20, […]

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USD/JPY is trading in the red on the H4 chart, but the current drop could be temporary before the bulls take full control again. The price decreases only because the USDX has dropped far below the 100.00 psychological level. The Japanese Yen could depreciate further versus the USD and against other major currencies if the […]

On Monday, the European stock indices were positive. They continued to show growth, the reason for which was good economic news after the release of their quarantine measures. The Stoxx 600 benchmark index rose 1.9% and hit 334.80. The German DAX index went even further and added 2.6%. The FTSE 100 was also not far […]

Coronavirus updates as of the morning of May 20: The US is once again on a negative scale. The daily increase of new cases in the country is still high, at about 20 thousand per day, and the number of deaths attributed to the virus is still about 1,500 per day. Based on sanitary requirements, […]

The European stock market began in the negative zone last Tuesday. The growth, which took place against the background of news of a new wave of stimulus measures to restore the EU economy after the fall associated with the influence of the coronavirus, stopped. The STOXX 600 index began to move down and has already […]

Trading in precious metals in Asia showed a positive trend yesterday, which is reflected in their value, slowly but surely rising. June gold futures moved to the level of $ 1,741.40 per troy ounce, which reflected an increase of 0.40%. In Asian trading, they fixed a support point in the region of $ 1.716 per […]

Trading in precious metals in Asia showed a positive trend yesterday, which is reflected in their value, slowly but surely rising. June gold futures moved to the level of $ 1,741.40 per troy ounce, which reflected an increase of 0.40%. In Asian trading, they fixed a support point in the region of $ 1.716 per […]

GBP/USD Analysis: The market of the British pound has been dominated by an upward movement since March 18. The direction of the short-term trend sets a corrective decline. Its last section counts down from April 30. The middle part (B) is formed in the structure. The final pull down (C) is missing. Forecast: Today, after […]

EUR/USD – 1H. Hello, traders! The euro/dollar pair continued to grow on the hourly chart on May 19. Only at the end of the day, a reversal was made in favor of the US currency, and a weak fall of quotes began. There are also certain signals about the end of growth on older charts. […]

GBP/USD – 1H. Hello, traders! According to the hourly chart, the pound/dollar pair performed a reversal in favor of the English currency and began the growth, which allowed it to consolidate over the downward trend corridor. Thus, the mood of traders has changed to “bullish”, and further growth of the pair is expected in the […]