EUR/JPY has finally rallied. The pair may reach the 161.8% target for wave iii/ at 119.31. in the short-term, we will see some GO-Stop action in play as the final waves four and five sub-waves will complete wave iii/ at 119.31. Short-term support is seen in the 117.37 – 117.48 support-zone which is expected to […]

To open long positions on GBP/USD, you need: Nothing interesting happened for the pound yesterday afternoon. Buyers tried to go above the day’s high in the area of 1.2260, but it did not lead to anything good. Today, the entire focus in the first half of the day will be shifted to inflation in the […]

To open long positions on EUR/USD, you need: Yesterday, I paid attention to short positions from the 1.0972 resistance, and if you carefully look at my forecast for the US session and the 5-minute chart, you can see that the test of the 1.0972 level turned into a wave of euro decline following the speech […]

EUR/USD On Tuesday, investors continued to work on the news regarding the creation of a European anti-crisis fund worth 500 billion euros, and in addition to this, weak data on US construction provided the euro with support. The volume of construction of new houses in April reached 0.891 million against expectations of 0.927 million and […]

AUD/USD The Australian dollar has been in a favorable environment for growth in recent days – commodities are getting more expensive and the Chinese economy is showing expansion. Unless, of course, a new episode of the trade war with the United States does not hinder it. Copper adds 0.33%, silver 1.27%, oil 0.64%, iron ore […]

USD/JPY The USD/JPY pair grew by 76 points yesterday, probably in an attempt to fulfill the initial growth target of 108.30. The attempt failed since sufficient external conditions were needed for this, while the US stock market lost 1.05% (S&P 500). There are hopes for growth today, since Asian indices are growing, except for Chinese […]

Trading Recommendation Entry: 70.777 Reason for Entry: Ascending trendline resistance Take Profit : 69.535 Reason for Take Profit: Graphical overlap, 61.8% Fibonacci retracement Stop Loss: 71.214 Reason for Stop loss: Ascending channel resistance, 100% Fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com Related Posts:BTC analysis for May 19, 2020 – Strong […]

Trading Recommendation Entry: 107.435 Reason for Entry: 50% fibonacci retracement, horizontal pullback support Take Profit: 108.107 Reason for Take Profit: horizontal swing high resistance, 50% fibonacci retracement Stop Loss: 106.987 Reason for Stop loss: 78.6% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Control zones for USDJPY on 05/20/20 May […]

Trading Recommendation Entry: 107.435 Reason for Entry: 50% fibonacci retracement, horizontal pullback support Take Profit: 108.107 Reason for Take Profit: horizontal swing high resistance, 50% fibonacci retracement Stop Loss: 106.987 Reason for Stop loss: 78.6% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Control zones for USDJPY on 05/20/20 May […]

The pair is re-testing WCZ 1/2 108.02-107.83 today. This makes it possible to consider selling the instrument from current levels. If today’s trading closes below the specified zone, this will confirm the resumption of the bearish medium-term model. The fall will initially aim for the monthly low, which will enable you to get a very […]

The pair is re-testing WCZ 1/2 108.02-107.83 today. This makes it possible to consider selling the instrument from current levels. If today’s trading closes below the specified zone, this will confirm the resumption of the bearish medium-term model. The fall will initially aim for the monthly low, which will enable you to get a very […]

Work within the medium-term accumulation zone continues to be the main one. A favorable price for selling the instrument was received yesterday, as the pair tested the WCZ 1/2 0.9773-0.9755. It is possible to retain sales up to WCZ 1/2 0.9614-0.9597, which will enable you to obtain a favorable risk-to-profit ratio. It is important to […]

Work in the downward direction is the main one in the second half of this week. Yesterday’s consolidation below WCZ 1/2 1.3988-1.3972 makes it possible for you to open sales of the instrument. The fall is aiming for the weekly control zone of 1.3837-1.3808. It is important to understand that there were two non-working priority […]

Work in the downward direction is the main one in the second half of this week. Yesterday’s consolidation below WCZ 1/2 1.3988-1.3972 makes it possible for you to open sales of the instrument. The fall is aiming for the weekly control zone of 1.3837-1.3808. It is important to understand that there were two non-working priority […]

GBP/USD 1H The upward movement continued on the hourly chart for the pound/dollar pair on May 19, but within the downward channel. Traders managed to overcome the resistance area of 1.2196-1.2216 by the end of the second trading day of the week, and also work out the upper line of the downward channel. One can […]

EUR/USD 1H The EUR/USD pair continued to move upward on the hourly timeframe yesterday and worked out a new downward trend line based on the highs of March 27 and May 1. The closing quotes were not accurate, however, the pair could not continue to move up. Thus, now there is a rather high probability […]

EUR/USD 1H The EUR/USD pair continued to move upward on the hourly timeframe yesterday and worked out a new downward trend line based on the highs of March 27 and May 1. The closing quotes were not accurate, however, the pair could not continue to move up. Thus, now there is a rather high probability […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – sideways. CCI: 83.1255 The British pound continued its upward movement on the second trading day of the week and continues it at the beginning of the third trading day. Thus, market participants […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – sideways. Moving average (20; smoothed) – upward. CCI: 126.7690 On May 20, the euro/dollar currency pair starts with the quotes moving away from the upper border of the side channel, which we have been writing about tirelessly in […]

USDJPY has managed to break above the recent highs at 107.62 and has now formed a sequence of higher highs and higher lows. This pattern has now potential to push price towards 108.55 and why not higher. Black lines – wedge pattern Red lines – equal size move USDJPY has broken above the wedge pattern […]

EURUSD has reached as expected the Ichimoku cloud resistance at 1.0985 and got rejected. Price is turning lower forming a bearish candlestick pattern, confirming the importance of the Cloud resistance. On a daily basis trend remains bearish as long as price is below the Kumo. Breaking above the tenkan-sen and kijun-sen has led price to […]

4-hour timeframe Average volatility over the past 5 days: 82p (average). The EUR/USD pair continues a strong upward movement on Tuesday, May 19, and it worked out towards the end of the day at the resistance level of 1.0952. Today’s peak at the time of writing is 1.0976. Recall that in recent weeks we have […]

4-hour timeframe Average volatility over the past 5 days: 82p (average). The EUR/USD pair continues a strong upward movement on Tuesday, May 19, and it worked out towards the end of the day at the resistance level of 1.0952. Today’s peak at the time of writing is 1.0976. Recall that in recent weeks we have […]

Minuette operational scale (H4) Options for the battle of the dollar index for the metal in the third week of May – the development of the movement of #USDX vs Gold and Silver from May 20, 2020. ____________________ US dollar index From May 20, 2020, the movement of the dollar index (#USDX) will be determined […]

Merkel and Macron’s large-scale plan to save the Eurozone economy by 500 billion euros primarily went on major criticisms. Austria opposed the plan publicly, but also in opposition to the plan by Denmark, Sweden, and the Netherlands. The root of the opposition is mainly because it is supposed that the help from the fund might […]