The behavior of the pound is genuinely surprising, because amid a sharp slowdown in inflation in the United States, which will be discussed a little later, it declined. At the same time, the single European currency increased. Most likely, this is a combination of several factors at once, which caused such a strange behavior of […]

USDJPY is heading lower, flirting with the 20-day simple moving average while the price has been remaining in a downward sloping channel since April 6. The flat 200-day SMA and the horizontal RSI indicator are endorsing the weak momentum on price. However, the MACD oscillator is creating a bullish crossover with its trigger line, suggesting […]

NZDUSD appears to be resting at the 0.5994 support level, currently where the 50-day simple moving average (SMA) has joined with the upper band of the cloud. The flattened blue Kijun-sen line and the dropping red Tenkan-sen line suggest that positive momentum may be fading. Turning to the short-term oscillators, they too reflect an increase […]

GBP/USD has lost its chance to stay above the near-term support levels, so a potential drop is favored now. The price action signals a Head&Shoulders pattern on the H4 chart, so the outlook is somehow bearish in the short term. The US dollar remains strong after the NFP, the USDX has decreased a little but […]

Technical Market Outlook: The GBP/USD pair has broken below the technical support located at the level of 1.2246 after bulls were rejected from 50% Fibonacci retracement on the way up. The momentum remains negative well and due to the fact, that the price is trading below the short-term trend line resistance, the odds for another […]

Signals for the EUR/USD pair: A breakthrough at the level of 1.0881 can lead to an increase in the euro in the area of 1.0923 and 1.0972. A breakthrough at 1.0835 is likely lead to a sell-off of the euro in the area of 1.0787 and 1.0728 Signals for the GBP/USD pair: If the pair […]

Signals for the EUR/USD pair: A breakthrough at the level of 1.0881 can lead to an increase in the euro in the area of 1.0923 and 1.0972. A breakthrough at 1.0835 is likely lead to a sell-off of the euro in the area of 1.0787 and 1.0728 Signals for the GBP/USD pair: If the pair […]

To open long positions on EURUSD, you need: Yesterday’s sharp rise in the euro after such weak fundamental data on the US economy was a surprise for me personally, but I have to measure reality. The market may be beginning to return to the right track and respond adequately to the data, which is worth […]

To open long positions on EURUSD, you need: Yesterday’s sharp rise in the euro after such weak fundamental data on the US economy was a surprise for me personally, but I have to measure reality. The market may be beginning to return to the right track and respond adequately to the data, which is worth […]

Trading Recommendation Entry: 0.64516 Reason for Entry: Ascending trendline support Take Profit : 0.65364 Reason for Take Profit: 76.4% Fibonacci retracement, recent swing high Stop Loss: 0.64333 Reason for Stop loss: Recent swing low, 78.6% Fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com

EUR/USD Yesterday, the euro added more than 40 points after a reversal from the lower limit of the accumulation range of 1.0767-1.0995. The signal line of the Marlin oscillator has penetrated into growth territory, but before the euro, if the single currency decides to continue growing, there are many strong resistances ahead. The first resistance […]

GBP/USD On Tuesday, the pound fell by 70 points and overcame the support of the MACD indicator line on the daily scale chart. The reason was the concern of investors about the reluctance of the UK to extend the transition period during Brexit, as the next round of negotiations has begun, and the parties have […]

AUD / USD The Australian dollar traded in the range of 105 points on Tuesday, closing the day with a decrease of 15 points. The immediate goal of the decline is the nested price channel line at 0.6355, and below it is the second goal along the MACD line, in the region of 0.6255. The […]

USD/JPY Yesterday’s assumptions about the decline in stock markets were justified. The American S&P 500 index lost 2.05%, today, the Japanese Nikkei225 index declined by 1.15%, and the Chinese China A50 by 0.67%. The USD/JPY currency pair declined after the stock market by 52 points. The price appeared between two nearby lines of the price […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – downward. CCI: -154.7020 The British pound starts the third trading day of the week in a downward movement inside the same 400-point side channel, getting closer to its lower border. Thus, in […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – sideways. CCI: -45.7434 On Wednesday, May 13, the EUR/USD currency pair will try to continue the upward movement after fixing above the moving average line. We still believe that the euro/dollar pair […]

4-hour timeframe Average volatility over the past 5 days: 69p (average). On Tuesday, May 12, the EUR/USD currency pair continued the upward movement in accordance with the hypothesis and the scenario of movement inside a wide side channel, limited by the levels of 1.0750 and 1.1000. Since yesterday, the pair was approaching the lower border […]

The euro/dollar pair showed increased volatility today – if the price updated the low of this week in the morning, declining to the level of 1.0780, then during the American session, buyers were able to update the weekly high, rising a hundred points higher. Now, the eur/usd bulls are trying to consolidate above the level […]

The euro/dollar pair showed increased volatility today – if the price updated the low of this week in the morning, declining to the level of 1.0780, then during the American session, buyers were able to update the weekly high, rising a hundred points higher. Now, the eur/usd bulls are trying to consolidate above the level […]

Gold price remains inside the trading range of $1,740-$1,670. Price is moving above and below the Ichimoku cloud in the 4 hour chart. In such sideways movements we prefer to focus on the Daily chart. In the 4 hour chart as shown below price has managed to push back above the cloud again. However this […]

EURUSD price bounced strongly today towards important cloud resistance and got rejected. Although we talked about the possibilities of a bounce in previous posts, we also noted the importance of resistance in the area of 1.0870. Price is approaching the 4 hour Kumo for the second time. So far we see another rejection as the […]

Continued demand for the US dollar does not allow the XAU / USD bulls to spread their wings. Meanwhile, the market turned out to be so scared that for the first time in history it began to give out the probability of the Fed’s interest rate falling below zero. According to FOMC officials, such a […]

Continued demand for the US dollar does not allow the XAU / USD bulls to spread their wings. Meanwhile, the market turned out to be so scared that for the first time in history it began to give out the probability of the Fed’s interest rate falling below zero. According to FOMC officials, such a […]

EURUSD: In a situation of high uncertainty in the markets, large investors have to choose which currency is more stable in a situation of acute crisis. During the 2008-09 crisis, the dollar became the undisputed leader, where all currencies fell against it. All went to the dollar and the Treasury, the euro, the pound, and […]

EURUSD: In a situation of high uncertainty in the markets, large investors have to choose which currency is more stable in a situation of acute crisis. During the 2008-09 crisis, the dollar became the undisputed leader, where all currencies fell against it. All went to the dollar and the Treasury, the euro, the pound, and […]