Trend analysis (Fig. 1). Today, the downward trend is likely to continue from the level of 1.2235 (closing of yesterday’s candle) with a target at 1.2174 – a 38.2% pullback level (presented in a blue dotted line). If this level is reached, the downward movement may continue with a target at 1.2029 – a 50.0% […]

On Wednesday, the pair unsuccessfully tried for the second time to break the level of 1.0894 – a 50% pullback (presented in a blue dashed line). After that, the price went down almost testing 1.0797 – a 76.4% pullback level (presented in a red dashed line) having gone 78 points down. Today, the price may […]

AUDUSD’s positive picture recently received some trauma reversing the pair ahead of the 0.6569 peak, driving it  under the 100-day simple moving average (SMA)and below the 0.6447 level, that being the 61.8% Fibonacci retracement of the down leg from 0.7031 to the 17½-year low of 0.5506. The increase in negative tensions is also suggested by […]

AUDUSD’s positive picture recently received some trauma reversing the pair ahead of the 0.6569 peak, driving it  under the 100-day simple moving average (SMA)and below the 0.6447 level, that being the 61.8% Fibonacci retracement of the down leg from 0.7031 to the 17½-year low of 0.5506. The increase in negative tensions is also suggested by […]

WTI crude oil futures are trading around the vicinity of 26.71, following the bounce off the multi-year low of 6.62 and the 10.00 handle. The price failed on a second attempt to breach this level, but it remains above the 20- and 40-day simple moving averages (SMAs). Looking at the short-term oscillators, the MACD and […]

WTI crude oil futures are trading around the vicinity of 26.71, following the bounce off the multi-year low of 6.62 and the 10.00 handle. The price failed on a second attempt to breach this level, but it remains above the 20- and 40-day simple moving averages (SMAs). Looking at the short-term oscillators, the MACD and […]

Time after time, day after day, we see yet another confirmation that the trend to strengthen the dollar is still maintained. Yes, the dollar sometimes becomes cheaper, but only for a while, after which it again begins to strengthen. And what happened yesterday was just another demonstration of investor sentiment. In general, the market continues […]

Time after time, day after day, we see yet another confirmation that the trend to strengthen the dollar is still maintained. Yes, the dollar sometimes becomes cheaper, but only for a while, after which it again begins to strengthen. And what happened yesterday was just another demonstration of investor sentiment. In general, the market continues […]

Crypto Industry News: JPMorgan Chase, the largest bank in the United States, reportedly accepted clients of the US cryptocurrency exchanges Coinbase and Gemini. The media report quotes unknown sources apparently familiar with the matter, which emphasize that for the first time a banking giant has served clients from the cryptographic industry. Both accounts were accepted […]

Trading Recommendation Entry: 0.60011 Reason for Entry: descending trendline resistance, 23.6% Fibonacci retracement. Take Profit : 0.59379 Reason for Take Profit: 161.8% Fibonacci extension Stop Loss: 0.60473 Reason for Stop loss: Recent swing high, 50% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com

Trading Recommendation Entry: 0.60011 Reason for Entry: descending trendline resistance, 23.6% Fibonacci retracement. Take Profit : 0.59379 Reason for Take Profit: 161.8% Fibonacci extension Stop Loss: 0.60473 Reason for Stop loss: Recent swing high, 50% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com

Crypto Industry News: During a conversation at the Consensus: Distributed event, Changpeng Zhao, CEO and founder of Binance, said the largest cryptocurrency exchange is experiencing a sharp increase in the number of user registrations. Zhao noticed that new registrations among Bitcoin halving have approached levels that were recently observed during the peak of 2017. CEO […]

Technical Market Outlook: The EUR/USD was rejected at the level of 50% Fibonacci located at 1.0892 after a Bearish Engulfing candlestick pattern was made at the end of the wave up. 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 […]

Technical Market Outlook: The EUR/USD was rejected at the level of 50% Fibonacci located at 1.0892 after a Bearish Engulfing candlestick pattern was made at the end of the wave up. 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 […]

Technical Market Outlook: The GBP/USD pair has broken below another technical support located at the level of 1.2246 and made a new local low at the level of 1.2205. The momentum remains negative well and the odds for another wave down might be higher. The nearest technical resistance is seen at the level of 1.2246 […]

Signals for the EUR/USD pair: If the pair breaks through at 1.0835, the euro is likely to increase to 1.0881 and 1.0923. A breakthrough at 1.0787 can lead to a sell-off of the euro at 1.0728 and 1.0636. Signals for the GBP/USD pair: If the pair breaks through at the level of 1.2271, the British […]

Signals for the EUR/USD pair: If the pair breaks through at 1.0835, the euro is likely to increase to 1.0881 and 1.0923. A breakthrough at 1.0787 can lead to a sell-off of the euro at 1.0728 and 1.0636. Signals for the GBP/USD pair: If the pair breaks through at the level of 1.2271, the British […]

To open long positions on GBP/USD you need: Yesterday’s speech by Federal Reserve Chairman Jerome Powell resulted in the British pound‘s fall against the US dollar after a slight upward correction, which could be seen during the release of the report on the rate of decline in UK GDP. If you look at the 5-minute […]

To open long positions on GBP/USD you need: Yesterday’s speech by Federal Reserve Chairman Jerome Powell resulted in the British pound‘s fall against the US dollar after a slight upward correction, which could be seen during the release of the report on the rate of decline in UK GDP. If you look at the 5-minute […]

To open long positions on EUR/USD, you need: Yesterday’s speech by Federal Reserve Chairman Jerome Powell resulted in the euro‘s fall against the US dollar. If you look at the 5-minute chart, you will see how an unsuccessful attempt to grow above 1.0881 led to forming a false breakout, and then to a sell-off of […]

EUR/GBP is again trying to break through the key-resistance at 0.8866. It should be a matter of time before this resistance is wiped out and a strong rally towards 0.9066 will start. The pair may grow above the former peak at 0.9499. Support is currently seen at 0.8815, which we expect will be able to […]

The AUD/USD is now trying to move to the liquidity void 0.6443-0.6399. It is likely to try to break through the nearest liquidity pool at the 0.6374. If this level is broken out, this pair will continue to decline. It may test the next liquidity void at the 0.6338-0.6302. however, this scenario will be canceled […]

EUR/JPY has seen a corrective decline from the minor peak at 116.86 which we see as wave i/ and the ongoing correction into the 115.32 – 115.61 area is wave ii/. Once this corrective decline is completed, we will see a new strong rally in wave iii/ towards at least 119.34 and possibly even closer […]

EUR/JPY has seen a corrective decline from the minor peak at 116.86 which we see as wave i/ and the ongoing correction into the 115.32 – 115.61 area is wave ii/. Once this corrective decline is completed, we will see a new strong rally in wave iii/ towards at least 119.34 and possibly even closer […]

Yesterday, the pair re-tested the weekly control zone 1/2 0.6532-0.6523, which led to the formation of a sell pattern. The first goal of the decline is the weekly control zone of 0.6382-0.6364. When testing this zone, it is necessary to consolidate a part of sales, while the rest can be left to the level of […]