EURGBP today was denied once again further appreciation above the ceiling of the range (0.8864), which has limited advances since April 6. The price reversed ahead of the upper boundary and seems to be building some negative momentum inside the sideways market, something also reflected within the technical indicators. The MACD, in the positive section, […]

BTC News: According to recent research conducted by Ripple, traders swap bitcoin (BTC) and ethereum (ETH) for XRP for their exchange balance transfers. Xpring’s data scientist Shae Wang noted that the recent financial market instability has put cryptocurrencies networks to the test. The increased trading volumes witnessed, sparked network congestion on both ethereum and bitcoin. […]

BTC News: According to recent research conducted by Ripple, traders swap bitcoin (BTC) and ethereum (ETH) for XRP for their exchange balance transfers. Xpring’s data scientist Shae Wang noted that the recent financial market instability has put cryptocurrencies networks to the test. The increased trading volumes witnessed, sparked network congestion on both ethereum and bitcoin. […]

Corona virus summary: Technical analysis: Gold has been trading upwards as I expected. The Gold is breaking the pivot high at the price of $1,711, which is good sign for the further upside. I still expect upside movement and breakout of the the larger symmetrical triangle pattern in the background. Trading recommendation: Watch for buying […]

Corona virus summary: Russia registers more than 10,000 new cases Russia registered more than 10,000 new coronavirus cases on Wednesday, continuing a grim trend that has seen the country become a global virus hotspot, AFP reports. Health officials reported 10,028 new cases over the last 24 hours, bringing Russia’s total number of infections to 242,271. […]

Corona virus summary: Russia registers more than 10,000 new cases Russia registered more than 10,000 new coronavirus cases on Wednesday, continuing a grim trend that has seen the country become a global virus hotspot, AFP reports. Health officials reported 10,028 new cases over the last 24 hours, bringing Russia’s total number of infections to 242,271. […]

EURGBP today was denied once again further appreciation above the ceiling of the range (0.8864), which has limited advances since April 6. The price reversed ahead of the upper boundary and seems to be building some negative momentum inside the sideways market, something also reflected within the technical indicators. The MACD, in the positive section, […]

If representatives of the Federal Reserve argue that to reduce unemployment in the United States from its potential peak of 20% to 9-10%, additional tax incentives will be required, why not the regulator give a gift to the national economy in the form of an interest rate cut below zero? It was such a gift […]

Technical outlook: EUR/USD is seen to be trading around 1.0850 levels at this point in writing and is expected to push higher towards 1.1470/1.1500 as highlighted on the 4H chart view. The single currency pair needs to break interim resistance at 1.1020 to accelerate further. After having dropped to 1.0636 levels in March 2020, the […]

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 […]

Launched on 1st November 2019, the 10-year anniversary XM promotion has completed six monthly rounds by now. To celebrate the decennial anniversary of XM, we invited our existing and new clients for a ten-month-long promotion, offering them the chance to win their share of a lucky draw prize pool worth a total of $1,000,000. Each […]

Gold prices are looking more neutral over the last week, hovering around the horizontal simple moving averages (SMAs) on the 4-hour chart. The price has been trading within a symmetrical triangle since April 14 and within the Bollinger bands. The technical indicators are lacking direction too, as the RSI keeps flattening near its neutral threshold of 50, while the MACD continues to move with a very weak momentum around […]

Overview: The EUR/USD pair faced resistance at the level of 1.1020, while minor resistance is seen at 1.0922 (coincides with the ratio of 61.8% Fibonacci retracement). Support is found at the levels of 1.0735 and 1.0635. Pivot point has already been set at the level of 1.0863. Equally important, the EUR/USD pair is still moving […]

Economic calendar (Universal time) The main statistics for the UK today are already announced. Most of the indicators are in the positive zone, but there is also some negativity. Thus far, the attention of the economic calendar is focused on waiting for data from overseas: the index of the cent of producers at 12:30 and […]

Kiwi plunges after RBNZ signals negative rates are an option But Fed’s Powell unlikely to embrace negative rates in upcoming speech Warnings of second virus wave hit stocks RBNZ could be next to tiptoe into negative rates The New Zealand dollar fell about 1% on Wednesday after the Reserve Bank of New Zealand doubled its […]

EUR/USD Analysis: The sideways movement of the European currency that has been continuing for the past month and a half form a corrective horizontal plane. Its last section started on May 1. In this wave, the internal pullback ends (B). The price has reached the calculated resistance. Forecast: Today, we can expect the end of […]

NZD/USD has dropped like a rock today and is pressuring a critical dynamic support level. The price has turned to the downside as the USDX continues to stay higher and because the pair has failed to take out the near-term resistance levels. Monday’s bearish engulfing pattern has signaled a direction change in the short term, […]

From the point of view of complex analysis, we see an impulsive move, which eventually concentrated on a mirror level, and now let’s talk about the details. The past trading day was expressed in a local exit course, which had a characteristic impulse form, but nothing changed in the end. This is an interesting phenomenon. […]

Coronavirus in the world: Update as of the morning of May 13. The United States has obviously passed the peak of the pandemic. The number of new cases dropped to 23 thousand, and the number of deaths per day, 1,600, although higher than the previous day, is significantly lower than the highest recorded last month […]

The US is ready to impose sanctions on China regarding the spread of the coronavirus. US Senator Lindsey Graham revealed yesterday that he submitted proposals for a bill that would authorize the US president to impose far-reaching sanctions on China if it fails to give a full account of events leading to the outbreak of […]

Trend analysis (Fig. 1). Today, an upward trend is possible from the level of 1.2260 (closing of yesterday’s candle) with the target at 1.2399 – a 38.2% retracement level (presented in a red dotted line). If this level is reached, the upward trend is likely to continue with the next target at 1.2447 – a […]

GBP/USD – 1H. Hello, traders! According to the hourly chart, the GBP/USD pair performed a consolidation under the ascending trend line. Thus, the mood of traders again changed to “bearish”. Also, the current graphical picture allowed me to build a downward trend corridor, which gives a clear framework within which the trading of the pound/dollar […]

EUR/USD – 1H. Hello, traders! The EUR/USD pair performed a reversal in favor of the euro on the hourly chart on May 12 and started the growth. The presence of three pivot points allowed me to form an upward trend corridor, which has an insufficiently strong angle to talk about a strong trend. Nevertheless, the […]

Today we take a look at GBPJPY 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