To open long positions on GBPUSD, you need: In the first half of the day, I paid attention to the possibility of an upward correction to the resistance area of 1.2119 and recommended opening short positions from it. If you look at the 5-minute chart, you will see how the bears at the first test […]

To open long positions on EURUSD, you need: In the morning forecast, I paid attention to the level of 1.0808, as it is very important in terms of the continuing growth of the euro in the short term. So far, buyers have managed to cope with their task, and in the morning they protected the […]

As soon as the Brexit bear began to wake up from its winter hibernation, the British pound once again felt like an outcast on Forex. In 2019, due to the unfavorable political landscape, the volatility of sterling was comparable to the volatility of the quotes of monetary units of developing countries, which scared off foreign […]

Corona virus summary: Enforced quarantine measures at the UK border expected to be unveiled this week are to cover arrivals by sea, car and international rail, as well as air, the Guardian understands.Jamie Grierson, our home affairs correspondent, reports. The prime minister, announcing the gradual easing of lock-down measures, served notice that quarantine would be […]

From the point of view of complex analysis, you can see the gradual execution of the previously derived theory, where the quote managed to break through the control level, and now let’s talk about the details. Last trading week concentrated on itself short positions, during which the quote consistently overcame control values, eventually consolidating below […]

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EURGBP stretched Friday’s aggressive rally to a new 1 ½-month high of 0.8957, and although some weakness in the price is visible at the moment, optimism for additional gains remains as the bulls have previously successfully breached the 50-day simple moving average (SMA) while the RSI and the MACD continue to trend up in the […]

As of May 18, 2020, we can firmly say that the world has passed the peak of the second wave of the coronavirus pandemic – the first wave was in China, while the second wave first peaked in Western Europe (Italy, Spain), and then moved to the United States. The daily increase of new cases […]

USDJPY successfully surpassed the short-term simple moving averages (SMAs) in the 4-hour chart but the outlook remains neutral as it failed to jump above the 23.6% Fibonacci retracement level of the down leg from 111.70 to 105.95 at 107.33. The momentum indicators are moving with weak momentum too, with the MACD hovering slightly above the […]

US equities set to open higher, gold soars after Fed chief’s ‘whatever it takes’ moment But escalating US-China tensions & second wave fears lurking in the background Pound sinks as investors brace for Brexit talks to fall apart Powell turbocharges gold, lifts stocks Global markets are in a good mood on Monday, with commodity currencies […]

EUR / USD On May 15, the EUR/USD pair gained about 15 basis points, however, such a small price change did not affect the current wave marking. Thus, the instrument is still close to completing the construction of the assumed wave 2 in C in B. If this is true, then the increase in quotes […]

Today we take a look at AUDUSD 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

A trend is such a powerful thing that anything can happen, but this will not change the general direction of movement. We received clear evidence that there is a steady trend in the market at the very end of last week.mWhile it is completely incomprehensible what can change it. To begin with, the market completely […]

Trend analysis: This week, the price from the level of 1.2100 (closing of the last weekly candlestick) will move up with the target at 1.2282 – a pullback level of 14.6% (red dashed line), and in case of testing this level, work up with the next upper target at 1.2412 – a pullback level of […]

Trend analysis: This week, the price from the level of 1.2100 (closing of the last weekly candlestick) will move up with the target at 1.2282 – a pullback level of 14.6% (red dashed line), and in case of testing this level, work up with the next upper target at 1.2412 – a pullback level of […]

OPEC + cuts production, in response to the rapid collapse of the oil market. According to Ed Morse, head of product research at Citigroup, “the actual cuts in production are deeper and more impressive than any reasonable person would have thought a week ago.” Over the past three weeks, oil quotes have recovered by 60%, […]

OPEC + cuts production, in response to the rapid collapse of the oil market. According to Ed Morse, head of product research at Citigroup, “the actual cuts in production are deeper and more impressive than any reasonable person would have thought a week ago.” Over the past three weeks, oil quotes have recovered by 60%, […]

Activity in the currency markets fell markedly on the wave of investors’ clear expectation of developments around the current situation with the gradual exit of countries from strict quarantine measures. Markets’ understanding that the global economy as a whole and the economies of a number of countries, starting with the United States, have suffered quite […]

Activity in the currency markets fell markedly on the wave of investors’ clear expectation of developments around the current situation with the gradual exit of countries from strict quarantine measures. Markets’ understanding that the global economy as a whole and the economies of a number of countries, starting with the United States, have suffered quite […]

According to the CFTC Friday report, speculative sentiment on major currencies did not change much last week. The total dollar short fell slightly, mainly due to the commodity currencies CAD, AUD and NZD increased the net short, which, together with a fairly noticeable increase in the short on oil, increases the chances of a resumption […]

According to the CFTC Friday report, speculative sentiment on major currencies did not change much last week. The total dollar short fell slightly, mainly due to the commodity currencies CAD, AUD and NZD increased the net short, which, together with a fairly noticeable increase in the short on oil, increases the chances of a resumption […]

EUR/USD has increased a little, but the selling pressure is still high as the USDX is about to break strong resistance. The Dollar Index further advance will force EUR/USD to drop further and to reach fresh new lows. The pair is trapped within an extended sideways movement, but I really hope that we’ll have a […]

Trend analysis: This week, the price from the level of 1.0818 (closing of the last weekly candlestick) can start to move up with the first target at 1.0862 – a pullback level of 38.2% (blue dashed line). After breaking through this level, the price will continue to move up to the next upper target at […]

Trend analysis: This week, the price from the level of 1.0818 (closing of the last weekly candlestick) can start to move up with the first target at 1.0862 – a pullback level of 38.2% (blue dashed line). After breaking through this level, the price will continue to move up to the next upper target at […]

Trend analysis (Fig. 1). Today, an upward movement is possible from the level of 1.2108 (closing of the Friday afternoon candle) with the target of 1.2160 – a 14.6% retracement level (presented in a red dashed line). If this line is reached, the upward movement is likely to continue with the next target at the […]