4-hour timeframe Average volatility over the past five days: 70p (average). The EUR/USD pair began a new round of correctional movement on Friday, May 15. However, the correctional one is only for formality, since there is no trend right now, and therefore movement in the side channel cannot be called corrections. Yes, even though the […]

Gold price is making new 2020 highs as we expected from our previous posts. Gold price has first managed to recapture $1,700 which was a crucial pivot point and many battles were given there. Once support was solid, bulls broke above the lower highs trend line resistance. Black line – resistance Gold price remains in […]

USDJPY as we noted in a previous analysis was forming a downward sloping wedge pattern. Price has broken decisively above the wedge pattern producing a bullish signal. Price has now made a higher low and seems ready to start its next leg higher. Black lines – wedge pattern USDJPY is expected move higher towards 108.70-109. […]

Few weeks ago, the EURUSD pair has expressed remarkable bullish recovery around the newly-established bottom around 1.0650. Bullish engulfing H4 candlesticks as well as the recently-demonstrated ascending bottoms indicated a high probability bullish pullback at least towards 1.0980 and 1.1075 (Fibo Level 50%). Around the price zone between (1.1075-1.1150), a bearish Head & Shoulders pattern […]

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 […]

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 […]

The risks of the second wave of pandemics and an escalation of the US-China trade conflict have returned investors’ interest in the dollar. As soon as the S&P 500 turned down, the rest of the G10 currencies lost strong support and began to remember their own weaknesses. The euro has plenty of them. Along with […]

The risks of the second wave of pandemics and an escalation of the US-China trade conflict have returned investors’ interest in the dollar. As soon as the S&P 500 turned down, the rest of the G10 currencies lost strong support and began to remember their own weaknesses. The euro has plenty of them. Along with […]

Today, all the attention in the first half of the day was focused on data on the German economy, as market participants tried to understand how much it declined in the first quarter of this year when the pandemic only partially affected activity. Despite the fact that the German economy in the 1st quarter of […]

Corona virus summary: threat of cutting ties Technical analysis: BTC has been trading downwards. As I expected yesterday,BTC traded downside and got solid rejection of the massive resistance at the price of $10,000. I still see potential for the downside towards the level of $8,140. The material has been provided by InstaForex Company – www.instaforex.com

Corona virus summary: China marks one month with no new coronavirus deaths announced China has gone a month Technical analysis: Gold has been trading very strong to the upside as I expected.The price is close to reach my first upward target at the price of $1,746.I stil expect the price to continue with the upside […]

The coming week seems relatively quiet. The preliminary PMIs for April in the UK, US, and Eurozone will give us an update on how much businesses have suffered, while the minutes of the latest Fed meeting might reaffirm the central bank’s willingness to do even more, even as Chairman Powell hints that Congress should take […]

The coming week seems relatively quiet. The preliminary PMIs for April in the UK, US, and Eurozone will give us an update on how much businesses have suffered, while the minutes of the latest Fed meeting might reaffirm the central bank’s willingness to do even more, even as Chairman Powell hints that Congress should take […]

GDP numbers out of Japan will be headlining the start of the trading week as first quarter growth estimates are published on Monday local time (Sunday, 23:50 GMT). The world’s third largest economy is expected to have contracted for the second quarter in a row, meaning it has entered a technical recession even though Japan […]

Corona virus summary: Technical analysis: The material has been provided by InstaForex Company – www.instaforex.com

Corona virus summary: Technical analysis: The material has been provided by InstaForex Company – www.instaforex.com

Fed Chairman Jerome Powell was the last in the parade of FOMC officials who turned their backs on the idea that the regulator could push the interest rates into negative territory. This allowed the USD index to stay above the psychologically important mark of 100 points. On Wednesday, Powell said that the Federal Reserve is […]

AUDCAD has been showing a clearer bearish tendency since the start of 2018 which could now come into question if the price manages to extend its latest rebound above the swing high of 0.9150. The 50% Fibonacci of the downleg with a peak at 1.0241 and a trough at 0.8063 is also placed around this point, adding extra importance […]

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

NZDUSD looks to be mostly bearish after a descent from the 0.6155 resistance level, returning the price back below the simple moving averages (SMAs) and the Ichimoku cloud. The short-term oscillators reflect a stall in the negative momentum. The MACD, in the negative area, has moved above its red trigger line, while the RSI hovers […]

US 30 stock index’s (Cash) one-month ascent from the multi-year low of 18,170 seems to have eased, forming a head and shoulders pattern on the daily timeframe. The price is currently testing the neckline of the pattern barely under the 23,869 level, that being the 50.0% Fibonacci retracement of the down leg from the all-time-high […]

US 30 stock index’s (Cash) one-month ascent from the multi-year low of 18,170 seems to have eased, forming a head and shoulders pattern on the daily timeframe. The price is currently testing the neckline of the pattern barely under the 23,869 level, that being the 50.0% Fibonacci retracement of the down leg from the all-time-high […]

Trump threatens to “cut off” relationship with China as row over virus spread escalates But market fallout limited as hopes of recovery and more stimulus prevail Dollar headed for weekly gains, eyes US retail sales data Trump continues attack on China President Trump stepped up his fierce criticism of China as he continued to blame […]