US 500 stock index (Cash) in previous sessions found a foothold at the advancing 200-period simple moving average (SMA) currently at the 2,789 level, that being the 50.0% Fibonacci retracement of the down leg from the all-time-high of 3,396.64 till the 39½-month low of 2,183.95. At present, the price has pierced above the mostly flat […]

EURUSD has been in a tighter range the past week, maintaining its two-month old trendless style within the 1.0770 and 1.0890 borders while also being unable to sustain strength above the 20-day simple moving average (SMA). With the RSI and the MACD showing no sign of improvement in the bearish area, there is little optimism for […]

Gold prices surged to a fresh seven-and-a-half-year high of 1,763.58 earlier today, shifting the outlook from neutral to bullish. The strong upside rally is confirmed by the technical indicators which are gaining momentum. The MACD recorded a bullish crossover with its trigger line in the positive area while the RSI is heading higher towards the […]

EUR/GBP has finally broken through key resistance at 0.8866. The pair is likely to move higher to 0.9066 as its first obstacle. However, in the longer-term, we should see EUR/GBP to go above the 0.9499 peak. Support is now seen at the former resistance at 0.8866. This should ideally protect the downside for a continuation […]

The pair traded upward on Friday after breaking through the support line 1.0790 (presented in a blue bold line). It then tested the 21 average EMA 1.0854 (presented in a black thin line) and then traded downwards. Today, the price may continue to move up. Nothing is expected from the economic calendar news. Trend analysis […]

GBP/JPY has declined as we expected. It should now stay below minor resistance at 131.42 as the downside pressure is likely to extend towards 127.69 and ultimately below 123.99 to complete the long-term decline from 147.95. Ideally, resistance in the 130.22 – 130.58 area will cap the upside for a continued downside pressure towards 127.69 […]

Crypto Industry News: Visa has applied for the creation of a digital currency on Blockchain at the United States Patent and Trademark Office. According to the published application, inventors Simon Hurry and Alexander Pierre of the Visa International Service Association in San Francisco applied for a patent for the digital currency registered on Blockchain and […]

Markets continue to ignore weak fundamental data and forecasts published by central bankers. Gold, amid all that is happening, is nearing October 1, 2012’s high, at the level of 1800. Traders ignored the Fed statements over the weekend, but it’s clear that the demand for risky assets is unlikely to increase in the near future, […]

Crypto Industry News: Counterfeit products “Made in Italy” are sold in markets around the world. The Italian government began the fight against these counterfeits by investing 15 million euros in developing a solution to this problem based on Blockchain. According to a new counterfeit report, the ‘Made in Italy’ label resulted in losses of EUR […]

Technical Market Outlook: The EUR/USD pair has been trading inside of a narrow range between the levels of 1.0780 – 1.0846, but the bears are pushing the price towards the level of 1.0767 again. The bulls hasn’t made a new local high yet, so the next target for them is still seen at the level […]

Technical Market Outlook: The GBP/USD pair has made a new local low at the level of 1.2072. Despite the oversold market conditions the momentum remains negative well and the odds for another wave down are still high. The nearest technical resistance is seen at the level of 1.2165. If the level of 1.2072 is clearly […]

Signals for the EUR/USD pair: If the pair breaks through at 1.0849, the euro is likely to increase to 1.0895 and 1.0923 A breakthrough at 1.0808 may lead to a sell-off of the euro in the area of 1.0772 and 1.0727. Signals for the GBP/USD pair: If the pair breaks through at 1.2119, the British […]

To open long positions on GBP/USD, you need: Friday’s talks between the UK and the EU on the settlement of issues related to trade after Brexit, suffered another setback, negatively affecting the pound, which after breaking through major support levels, fell again. At the moment, the task of buyers is to maintain the low of […]

To open long positions on EUR/USD, you need: Friday’s data on the collapse of retail sales in the US did not result in a major strengthening of the European currency, and did not return the demand for the US dollar, only boosting the faith of investors in the need to buy gold. The current task […]

EUR/USD The euro slightly grew last Friday, blocking Thursday’s fall of 14 points. The quote is nearly unchanged today in the Asian session, and the euro will probably stand idle all day waiting for tomorrow’s EU summit (ECOFIN), which will consider a trillion-dollar package of economic assistance in the form of loans and grants. The […]

GBP/USD The pound went ahead of the market and lost around 130 points last Friday. The price is below both indicator lines, the Marlin Oscillator is in the decreasing trend zone. Now the goals are open for the pound: 1.1750 – 223.6% according to the Fibonacci level, 1.1530 – support for the embedded line of […]

AUD/USD The Australian dollar lost 47 points on Friday and that was enough for the Marlin oscillator to move into the negative trend zone and this was a signal to the market’s readiness to decline further. The aussie’s first target is the embedded line of the price channel at around 0.6348, which, most likely, will […]

USD/JPY The yen turned down from the MACD indicator line last Friday, and ended the day with a black candle at 19 points. The signal line of the Marlin oscillator slightly went into the bulls’ territory. The initial target, and it is the signal level for a medium-term decline of 106.56, is still open. The […]

Trading Recommendation Entry: 0.64248 Reason for Entry: 50% Fibonacci retracement. Take Profit : 0.64734 Reason for Take Profit: descending trendline resistance, 100% Fibonacci extension Stop Loss: 0.64023 Reason for Stop loss: Graphical swing low The material has been provided by InstaForex Company – www.instaforex.com

Trading Recommendation Entry: 1.07758 Reason for Entry: Horizontal swing low support, 78.6% fibonacci retracement and 61.8% fibonacci extension Take Profit :1.08923 Reason for Take Profit: horizontal overlap resistance, 50% fibonacci retracement Stop Loss: 1.07374 Reason for Stop loss: Horizontal swing low support The material has been provided by InstaForex Company – www.instaforex.com

The British pound sterling traded quite differently from the euro last week, against the dollar. The GBP/USD pair resumed its downward movement and maintained it all week. There were hopes that, resting on the lower border of a wide side channel, there would be a rebound and an upward movement, but on Friday, the pair’s […]

The British pound sterling traded quite differently from the euro last week, against the dollar. The GBP/USD pair resumed its downward movement and maintained it all week. There were hopes that, resting on the lower border of a wide side channel, there would be a rebound and an upward movement, but on Friday, the pair’s […]

The past week ended indistinctly for the EUR/USD pair. Market participants ignored around 90% of the macroeconomic information that came to the market during the week. Not only did the pair remain in the consolidation channel, limited by the 1.0750–1.1000 levels, but also started trading in another sideways and narrower channel, limited by the 1.0780–1.0880 […]

Minuette operational scale (H4) The second half of May – what will happen to the dollar index and the main currency instruments? Options for the development of the movement for #USDX vs EUR/USD, GBP/USD, and USD/JPY (H4) on May 18, 2020. ____________________ US dollar index The development of the movement of the dollar index (#USDX) […]

Minuette operational scale (H4) The second half of May – what will happen to the dollar index and the main currency instruments? Options for the development of the movement for #USDX vs EUR/USD, GBP/USD, and USD/JPY (H4) on May 18, 2020. ____________________ US dollar index The development of the movement of the dollar index (#USDX) […]