In an attempt to contribute to the societal goals of many different countries and vulnerable communities in need of support, on 7th May XM donated funds to the Philippines-base GMA Kapuso Foundation to suppress COVID-19 in the Philippines. The worldwide desperate measures to provide treatment for people infected with COVID-19, as well as to protect […]
Latest News
EUR/GBP Bullish Reversal!
Post by admin on May 15, 2020
EUR/GBP is trading in the green today and is fighting to confirm a further increase in the short term. EUR is quite strong today after the last two session’s indecision, another higher high, a breakout above the 0.8876 level will suggest buying and further increase. The German Prelim GDP will be released later, the indicator […]
Today we take a look at USDCAD 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
Today we take a look at USDCAD 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
The conflicting dynamics of the British currency from time to time confuses the market. A little earlier, the pound was gaining impulse confidently, but now it is sliding at the same pace. Experts fear that the pound will reach the bottom, and it will not have the strength to move. Analysts agree that the “British” […]
Trading plan for EUR/USD on May 15, 2020. The markets ignored the weak data on the economy. Coronavirus in the world.
Post by admin on May 15, 2020
Updates on the coronavirus as of May 14. The daily increase of new cases in Russia is still about 10 thousand. With such a figure, there are no doubts that by Monday, the country will overtake Spain and take the second place in the highest number of infections after the US. Meanwhile, Brazil records a […]
Trading plan for EUR/USD on May 15, 2020. The markets ignored the weak data on the economy. Coronavirus in the world.
Post by admin on May 15, 2020
Updates on the coronavirus as of May 14. The daily increase of new cases in Russia is still about 10 thousand. With such a figure, there are no doubts that by Monday, the country will overtake Spain and take the second place in the highest number of infections after the US. Meanwhile, Brazil records a […]
EUR/USD. May 15. COT report: bear traders have slowed down and still cannot overcome the important resistance. Eurozone GDP
Post by admin on May 15, 2020
EUR/USD – 1H. Hello, traders! On May 14, the euro/dollar pair made a consolidation under the upward trend corridor on the hourly chart. Thus, the mood of traders, according to this signal, has changed to “bearish”, and the process of falling quotes can be continued today. Meanwhile, all the world’s media continue almost to broadcast […]
GBP/USD. May 15. COT report: major players amplify the “bearish” mood. Bear traders still need to take the level of 1.2184
Post by admin on May 15, 2020
GBP/USD – 1H. Hello, traders! According to the hourly chart, the pound/dollar pair continues to fall in quotes within the downward trend corridor, due to which the current mood of traders is characterized as “bearish”. Thus, today the process of falling can be continued. Closing the pair’s rate above the descending corridor will allow traders […]
GBP/USD. May 15. COT report: major players amplify the “bearish” mood. Bear traders still need to take the level of 1.2184
Post by admin on May 15, 2020
GBP/USD – 1H. Hello, traders! According to the hourly chart, the pound/dollar pair continues to fall in quotes within the downward trend corridor, due to which the current mood of traders is characterized as “bearish”. Thus, today the process of falling can be continued. Closing the pair’s rate above the descending corridor will allow traders […]
EUR/USD Analysis: On the price chart of the European currency, the price is moving down in the last two weeks. The structure lacks the final part. This wave forms the correction plane of the medium-term wave from March 20, which is currently incomplete. It is nearing completion. Forecast: The pair’s exchange rate is expected to […]
EUR/USD Analysis: On the price chart of the European currency, the price is moving down in the last two weeks. The structure lacks the final part. This wave forms the correction plane of the medium-term wave from March 20, which is currently incomplete. It is nearing completion. Forecast: The pair’s exchange rate is expected to […]
Indicator analysis. Daily review of the GBP / USD pair on May 15, 2020
Post by admin on May 15, 2020
The GBP / USD pair traded on a side channel on Thursday, where after testing the pullback level of 38.2% – 1.2174 (blue dotted line), quotes went up and closed near the opening point. The downward movement is likely to continue today. Important news that may affect dollar rates are expected to come out today […]
Trading Recommendation Entry: 100.87 Reason for Entry: 50% fibonacci retracement ,100% fibonacci extension Take Profit :99.66 Reason for Take Profit: 100% fibonacci extension Stop Loss: 101.07 Reason for Stop loss: Horizontal pullback resistance The material has been provided by InstaForex Company – www.instaforex.com
Trading Recommendation Entry: 100.87 Reason for Entry: 50% fibonacci retracement ,100% fibonacci extension Take Profit :99.66 Reason for Take Profit: 100% fibonacci extension Stop Loss: 101.07 Reason for Stop loss: Horizontal pullback resistance The material has been provided by InstaForex Company – www.instaforex.com
Gold is trading at $1,735 and it should approach and reach fresh new highs in the short term after the aggressive breakout from a continuation pattern. The price has finally escaped from a minor triangle and now is about to reach the $1,747 former high. The buyers are very strong, even though the COVID-19 spread […]
EUR/USD and USD/CAD: Investors are cautiously awaiting the data on US retail sales. Demand for the Canadian dollar may increase.
Post by admin on May 15, 2020
The demand for the US dollar continues to rise amid the data that awaits us ahead regarding the economic consequences of the coronavirus pandemic. An interesting forecast was published yesterday, according to which the loss of the world economy from the consequences of the pandemic can range from $ 5.8 trillion to $ 8.8 trillion. […]
Consolidation period in the currency markets risks continuing until the end of the month (a local decline in the EUR/USD
Post by admin on May 15, 2020
The currency market is still extremely boring and uninteresting due to the increased uncertainty factor. As previously noted in our reviews, the dynamics of the currency market are under the full control of mutually exclusive forces that compensate for the weakness of some currencies through the same weakness of others. The US dollar is in […]
UKOIL broke above descending trendline and holding above short term ascending trendline!
Post by admin on May 15, 2020
Trading Recommendation Entry: 30.92 Reason for Entry: Ascending trendline support, 23.6% Fibonacci retracement. Take Profit : 32.21 Reason for Take Profit: graphical swing high, -27% Fibonacci retracement Stop Loss: 30.52 Reason for Stop loss: descending trendline support The material has been provided by InstaForex Company – www.instaforex.com
UKOIL broke above descending trendline and holding above short term ascending trendline!
Post by admin on May 15, 2020
Trading Recommendation Entry: 30.92 Reason for Entry: Ascending trendline support, 23.6% Fibonacci retracement. Take Profit : 32.21 Reason for Take Profit: graphical swing high, -27% Fibonacci retracement Stop Loss: 30.52 Reason for Stop loss: descending trendline support The material has been provided by InstaForex Company – www.instaforex.com
Technical Analysis: 15/05/2020 – GBPJPY appears to pause before snowballing negative
Post by admin on May 15, 2020
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 […]
Technical Analysis: 15/05/2020 – GBPJPY appears to pause before snowballing negative
Post by admin on May 15, 2020
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 […]
Technical Analysis: 15/05/2020 – USDCAD maintains neutral-to-bearish bias below SMAs
Post by admin on May 15, 2020
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 […]
Technical Analysis: 15/05/2020 – USDCAD maintains neutral-to-bearish bias below SMAs
Post by admin on May 15, 2020
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 […]
Technical Analysis – GBPJPY appears to pause before snowballing negative
Post by admin on May 15, 2020
GBPJPY although presently finding temporary footing, faded back below the restricting 50-day simple moving average (SMA) currently around 132.32 over the past week. Aiding the forthcoming negative price action is the short-term oscillators and the near completion of a bearish crossover of the 200-day SMA by the 100-day one. The MACD, in the negative region, […]
