The material has been provided by InstaForex Company – www.instaforex.com

Greetings, dear colleagues! Yesterday, the currency market noted an increase in risk sentiment associated with the easing of restrictions from the negative consequences of COVID-19. It is also necessary to note the disappointing forecasts of the Chairman of the US Federal Reserve System (FRS) Jerome Powell. According to the head of the Federal Reserve, in […]

Greetings, dear colleagues! Yesterday, the currency market noted an increase in risk sentiment associated with the easing of restrictions from the negative consequences of COVID-19. It is also necessary to note the disappointing forecasts of the Chairman of the US Federal Reserve System (FRS) Jerome Powell. According to the head of the Federal Reserve, in […]

You can convince yourself as much as you like that we live in a certain digital era and post-industrial society, but reality hurts over and over again and everyone from heaven returns to sinful earth. In fact, we live in the oil era, and all these wonderful technologies and other miracles without energy suddenly stop […]

GBPUSD dropped as low as 1.2074 after breaking the 1.2246 neckline of the bearish double top pattern on the four-hour chart. The price is now pushing efforts to recover above that border and distance itself from its shorter-term moving averages (SMAs) in order to eliminate negative trend signals. With the RSI ready to expand above its […]

The British currency, which recently experienced strong volatility and fell under the rink of the price “swing,” fears a recurrence of such events. The coming week also does not promise to be calm for the pound. Experts fear another subsidence of the pound, although they rely on its stability. Losses of the British currency began […]

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

On Monday, financial markets revived amid new reports from the United States that tests of the ongoing trials of a new vaccine against COVID-19, according to media reports, are quite successful. Also yesterday, financial markets received a new batch of optimism amid reports of active trials of a new vaccine against coronavirus. This, together with […]

On Monday, financial markets revived amid new reports from the United States that tests of the ongoing trials of a new vaccine against COVID-19, according to media reports, are quite successful. Also yesterday, financial markets received a new batch of optimism amid reports of active trials of a new vaccine against coronavirus. This, together with […]

Intermediate-term Technical outlook for the GBP/USD pair remains bullish as long as bullish persistence is maintained above 1.1890-1.1900 (Double-Bottom Neckline) on the H4 Charts. 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 […]

EURJPY is revisiting the descending trend line, which has been standing since January 16, despite the upside break at the end of March. The bullish picture in the very short-term looks to last for a while longer if prices overcome the critical line and the 40-day simple moving average (SMA). The positive bias in the […]

The pair traded upwards on Monday and tested 1.0924 – a 61.8% pullback level (presented in a blue dotted line). Today, the price may continue to move up. Economic calendar news for the euro is expected at 09:00 UTC, and for the dollar at 12:30 and 14:00 UTC. Trend analysis (Fig. 1). Today, the upward […]

Fed Chairman Jerome Powell forecast the US economy to recover steadily in the second half of the year, provided that there is no second wave of Covid-19. According to Powell, the Fed is ready to implement more tools to stimulate the US economy if necessary. Against such statements, gold quotes dropped sharply on Monday. Powell […]

Good afternoon traders! Here is a trading idea for the GBP/USD pair. Recently, the pound was in the clear range of 5000 pips between quotes 1.26500 and 1.21500. A breakdown occurred at the lower limit on Friday, and yesterday, news of the successful test of the Covid-19 vaccine on humans was published. With such data, […]

Good day traders! Here is a trading idea for gold. After a long growth and an update of the yearly highs, gold quotes dropped sharply by 3,500 pips in just 6 hours. With such a situation, short gold to a 50% pullback from yesterday’s initiative: The initiative came after Powell’s statements regarding the US economy, […]

Technical Market Outlook: The EUR/USD pair has broken out of a narrow range located between the levels of 1.0780 – 1.0846 and shoot up towards the the level of 61% Fibonacci retracement at 1.0921 again. This level must be clearly violated in order to rally towards the swing high at 1.1017. The momentum is now […]

Technical Market Outlook: The GBP/USD pair has made a new local low at the level of 1.2073 and then bounced from the lower channel boundary towards the nearest technical resistance at 1.2165. Despite the oversold market conditions the momentum remains negative well and the odds for another wave down are still high. The nearest technical […]

Forecast for May 19: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.1005, 1.0971, 1.0954, 1.0927, 1.0896, 1.0877 and 1.0850. Here, we are following the development of the ascending structure of May 14. The continuation of the upward movement […]

USDCAD lost ground once again within a sideways market – that begun around April 6, – falling under the directionless simple moving averages (SMAs) and the 1.4011 level, that being the 38.2% Fibonacci retracement of the up leg from 1.2951 to the 50-month peak of 1.4667. The decline towards the lower boundary of the range […]

Crypto Industry News: By reducing the block reward by half, the only good information for Bitcoin miners is transaction fees. At the moment, they allow to minimize their losses due to recent halving, as a result of which the revenues of miners fell by over 60%. On May 10, miners earned 2,188 BTC, on May […]

Crypto Industry News: The Mexican crypto stock exchange Bitso joined forces with Donadora’s crowdfunding platform to launch a cryptography-based donation system. The platform will help raise funds to buy food for the most affected families affected by the crisis caused by COVID-19. According to a report published by Mexican media, each food package delivered will […]

Crypto Industry News: The Mexican crypto stock exchange Bitso joined forces with Donadora’s crowdfunding platform to launch a cryptography-based donation system. The platform will help raise funds to buy food for the most affected families affected by the crisis caused by COVID-19. According to a report published by Mexican media, each food package delivered will […]

To open long positions on EUR/USD, you need: In yesterday’s review, I advised you to buy the euro after a false breakout in the area of 1.0808, which happened, and the demand for EUR/USD sharply grew during the US session, which led to a fairly large upward correction. If you look at the 5 minute […]

Trading Recommendation Entry: 0.65156 Reason for Entry: 23.6% Fibonacci retracement. Take Profit : 0.64734 Reason for Take Profit: Graphical overlap, 50% Fibonacci retracement Stop Loss: 0.65509 Reason for Stop loss: Descending trendline resistance The material has been provided by InstaForex Company – www.instaforex.com

Trading Recommendation Entry: 1.3902 Reason for Entry: Horizontal swing low ,161.8% fibonacci extension Take Profit :1.3970 Reason for Take Profit: Horizontal pullback resistance Stop Loss: 1.3863 Reason for Stop loss: 200% fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com