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 […]

EUR/GBP has changed little today, but most likely we’ll have an important movement in the upcoming days after the price will escape from the descending triangle. The pair was into a corrective phase, the downside was stopped by the 0.8682 level and now is fighting hard to confirm a potential upside movement. It is trapped […]

Overview: We noted a high volatility favours the USD and Brexit will be a key in the works as UK dives from COVID-19 with a scarred economy since the new year of 2020. The GBP/USD pair is still trading around the spot of 1.2445 and 1.2245. The GBP/USD pair was moving downwards from the level […]

EUR / USD On May 11, the EUR/USD pair lost a total of 25 basis points, but this was enough to cast doubt on the construction of the expected wave 3 in C in B. The fact is that the wave pattern continues to become more complex, and if the low of wave 2 is […]

EUR / USD After testing the center of gravity, which is now the day cross (Kijun 1.0873 + Tenkan 1.0893), the pair declined again to support historical levels of 1.0778.Prolonged slowdown at the support will return the pair to the daily cross, and consolidation above the cross may contribute to the activity of players to […]

Dollar jumps as Fed officials downplay prospect of negative rates in the US Stocks slip as growing fears of second wave of infections weigh on sentiment Central banks in focus: more Fed speakers on the way, RBNZ decision awaited US yields rise as negative rate expectations fade The US dollar held onto its gains on […]

Coronavirus updates as of May 11: The United States recorded a significant reduction in deaths per day, with the previous figure being 2,500 per day, but now it’s up to 1,000. In Germany, amid the weakening quarantine, the risk of a new wave of the outbreak is growing. British Prime Minister Boris Johnson reduced the […]

GBP/USD Analysis: In the upward wave of the British pound from March 18, the formation of a corrective structure continues. Previously, the target zone is located near the beginning of the 122nd price figure. Quotes at the time of analysis are located in a narrow corridor between the opposite levels. Forecast: Today, the pound is […]

GBP/USD Analysis: In the upward wave of the British pound from March 18, the formation of a corrective structure continues. Previously, the target zone is located near the beginning of the 122nd price figure. Quotes at the time of analysis are located in a narrow corridor between the opposite levels. Forecast: Today, the pound is […]

Today we take a look at CADJPY 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 US currency, which previously confidently conquered the top after the top and holds the won positions, loses its foothold. According to analysts, the dollar is desperate to strengthen, but acts more out of inertia. Currency strategists at Standard Chartered Bank argue that the current strengthening of the US dollar is by inertia. Experts say […]

EUR/USD – 1H. Hello, traders! The EUR/USD pair continued to fall on the hourly chart on May 11, after a reversal was performed in favor of the US currency earlier. Thus, despite the consolidation of quotes above the downward trend line, the quotes of the euro/dollar pair can resume the process of falling. However, I […]

GBP/USD – 1H. Hello, traders! According to the hourly chart, the GBP/USD pair performed a fall to the minimum of May 7 but failed to consolidate below it. Thus, this gave me the opportunity to build an upward trend line, which now supports bull traders and characterizes the current mood as “bullish”. As a result, […]

WTI crude oil futures confirmed the double bottom pattern at 10.00 after the jump above the 38.2% Fibonacci retracement level of the downward wave from 54.70 to 6.75 at 18.03. The upside tendency in the short-term is now shift to neutral over the last sessions, remaining below the 61.8% Fibo of 25.00. If the price […]

Forecast for May 12: Analytical review in H1 scale: For Gold, the main key levels on the H1 scale are: 1731.37, 1722.73, 1714.34, 1707.86, 1702.15, 1691.36, 1683.76, 1678.57 and 1670.17. Here, the price registered a small potential for the downward movement of May 8 in the correction zone of the ascending structure. The continuation of […]

Gold is trading in the green after the last two session’s drop, it is located below the $1,700 psychological level and is facing tough selling pressure. The price could drop deeper in the short term if the USD dominates the currency market. The USD appreciation has sent the yellow metal lower in the last two […]

A negative report on inflation from China stopped the positive growth on Tuesday morning, according to which, prices rose in April by 3.3%, which turned out to be worse than the forecast of 3.7%. The demand for risk that has dominated the markets in the last two weeks may end today. The US inflation report […]

Forecast for May 12: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.0945, 1.0922, 1.0886, 1.0844, 1.0798, 1.0766 and 1.0728. Here, the continuation of the upward movement is possible after the breakdown of the level of 1.0844. In this […]

EURJPY is attempting to conquer the mid-Bollinger band around 116.30 and the nearby 116.51 high after building confidence in the previous few sessions. The positive price action from the freshly formed 3½-year low of 114.423 is also reflected in the short-term technical oscillators. The MACD, distanced into the negative region has pushed above its red […]

GBPUSD appears to have posted a double top at the 1.2640 resistance and any violation beneath the 38.2% Fibonacci retracement level of the down leg from 1.3515 to 1.1409 at 1.2212, could confirm the pattern, shifting the bias back to bearish. In terms of momentum indicators, the MACD oscillator is endorsing the neutral outlook in […]

The single European currency stood still amid a completely empty macroeconomic calendar. Although this is not entirely true, since the single European currency was falling, the scale of the decline was rather symbolic. At the same time, such a sluggish movement, against an empty background, becomes another demonstration that the trend for strengthening the dollar […]

Trend analysis (Fig. 1). Today, an upward pullback is possible from the support line 1.2288 (presented in a red bold line) with the first target at 1.2400 – a 38.2% retracement level (presented in a red dashed line). If this level is reached, the upward movement will continue with the next target at 1.2447 – […]

Trend analysis (Fig. 1). Today, the downward trend is likely to continue from the level of 1.0809 (closing of yesterday’s candle) with a target at the support line 1.0786 (presented in a blue bold line). From this level, the price may begin to move upward with a target at 1.0864 – a 38.2% retracement level […]

Crypto Industry News: The South Korean government plans to create a blockchain-based platform for storing and verifying the identity of digital independent vehicles in the city of Sejong, which is a testing ground for the introduction of new technologies. Asian media has announced that South Korea’s Ministry of Science and ICT, along with the national […]