EUR / USD Last week, the players to decline managed to level out all previous achievements of the opponent once again. As a result, the pair has been working sideways for a long time, which is bounded above by the resistance of the weekly Fibo Kijun (1.0965) and the daily cloud that came to support […]

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 […]

US 500 stock index (Cash)  is struggling to overcome the 2,935 level, that being the 61.8% Fibonacci retracement of the down leg from the all-time high of 3,396.64 until the 2,183.95 low, after acquiring some footing on the Ichimoku cloud’s upper band at 2,791. The positive tone of the Ichimoku lines and the short-term oscillators […]

Trend analysis: This week, the price from the level of 1.2401 (closing of the last weekly candlestick) will move down with the target at 1.2284 – support line (red bold line), and if this line is tested, working up with the first upper target at 1.2462 – a pullback level 50% (red dashed line) will […]

Despite the fact that the April employment report was the worst in history, forecasts were still exceeded – the disaster with employment was not so deep. 20,500 thousand jobs were lost, the unemployment rate rose to 14.7% (16% was forecasted), and only a strong increase in the average hourly wage of 7.9% looks clearly positive […]

Despite the fact that the April employment report was the worst in history, forecasts were still exceeded – the disaster with employment was not so deep. 20,500 thousand jobs were lost, the unemployment rate rose to 14.7% (16% was forecasted), and only a strong increase in the average hourly wage of 7.9% looks clearly positive […]

Today we take a look at GBPUSD 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

EUR / USD On May 8, the EUR/USD pair gained several basis points, and the wave pattern remained virtually unchanged. Thus, It is still believed that the alleged wave 2 in B in C has completed its construction. If this is true, then the increase in prices will continue with the targets located near the […]

USDJPY has reversed back up again, above 107.00, after finding support at the eight-week low of 105.95 achieved last week. The price is in the process of penetrating the downward sloping channel to the upside, shifting the bearish structure to neutral. The price is ready to touch the 23.6% Fibonacci retracement level of the down leg from […]

Dollar gains versus yen, stocks edge up as lockdown easing spurs bets of economic rebound But fears of second virus wave keep risk appetite in check, gold ticks higher Doubts about Trump’s commitment to US-China trade deal adds to subdued tone Safe-haven yen takes a tumble as more economies reopen The US dollar appeared to […]

Trend analysis: The price from the level of 1.0837 (closing of the last weekly candlestick) is likely to decline this week with the target at 1.0785 – support line (blue bold line). After testing this line, perhaps the price will start to move up with the target of 1.0862 – a pullback level of 38.2% […]

The data on US employment published on Friday, although they were expectedly bad, but if we consider them in terms of absolute numbers, they turned out to be slightly better than extremely negative forecasts. In general, the presented economic statistics no longer clearly concentrates on the market, which focused on three main parameters, which, according […]

The data on US employment published on Friday, although they were expectedly bad, but if we consider them in terms of absolute numbers, they turned out to be slightly better than extremely negative forecasts. In general, the presented economic statistics no longer clearly concentrates on the market, which focused on three main parameters, which, according […]

The pair traded downward on Friday as per technical analysis, however, the news forced the market to go up despite the rise to 20.5 million unemployed in the US. By the end of the day, the market had almost returned to its starting point. Upon moving upward, the price tested 21 average EMA at 1.0874 […]

Coronavirus statistics as of May 10, 2020. The table above shows that the United States still holds the highest number of coronavirus cases, but the number of deaths have fallen below 1000 per day, which is a very good signal. It seems that the country is beginning to gradually emerge from the pandemic, and New […]

Forecast for May 11: Analytical review in H1 scale: For Gold, the main key levels on the H1 scale are: 1753.89, 1740.22, 1731.37, 1718.34, 1707.86, 1701.25 and 1691.00. Here, we continue to monitor the ascending structure of May 1. The continuation of the upward movement is expected after the breakdown of the level of 1718.34. […]

Trading Recommendation Entry: 76.364 Reason for Entry: descending trendline support, 23.6% Fibonacci retracement Take Profit : 77.417 Reason for Take Profit: -27.2% Fibonacci retracement Stop Loss: 75.579 Reason for Stop loss: 61.8% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com

Gold is trading around the mid-Bollinger band at 1,707 after fading for nearly a month from the multi-year high of 1,746.95. The precious metal seems to be lacking direction as it plots lower highs and higher lows. Yet, still the technical oscillators and the upward slopes in the simple moving averages (SMAs) appear to support […]

EURUSD has been on the sidelines since the end of March as it consolidates within a channel with an upper boundary at the 1.0985 resistance and a lower boundary at the 1.0770 support level. Currently, the pair is capped by the 40-day simple moving average (SMA) and the mid-level of the Bollinger band, which is the 20-day SMA. From a technical viewpoint, the MACD oscillator […]

We are extremely pleased to announce the winners of the XM Songkran 2020 promotion running between 2-30 April this year, offering clients residing in Thailand and Laos the chance to win high-value prizes. The promotional lucky draw had as many as twenty superb prizes on offer, and now that the raffle draw took place, we […]

The positional struggle between bulls and bears continues – buyers are trying to gain a foothold above the 1.0850 mark, sellers refuse to give up and hope to return the price to the area of the seventh figure. April Nonfarm extinguished the downward momentum, which was caused by negative fundamental factors relative to the euro. […]

Technical Market Outlook: The GBP/USD pair has returned to the middle of the trading range after the local low at the level of 1.2265 had been made. The 50% Fibonacci retracement has been tested on the way up, but so far the bulls were rejected from this level and are hovering around 1.2425 in neutral […]

Technical Market Outlook: The EUR/USD has bounced towards the nearest technical resistance located at the level of 1.0846 after a Pin Bar candlestick was made during the sell-off. The bulls hasn’t made a new local high yet, so the next target for them is seen at the level of 38% Fibonacci retracement at 1.0862 and […]

Crypto Industry News: Vitalik Buterin believes that Ethereum can play a role in the future global crisis as a glue that helps unite nations. Ethereum co-founder was interviewed at Ethereal Summit 2020. Describing the current global crisis as more than financial, Buterin said that levels of political discord and distrust between countries highlighted the need […]

Crypto Industry News: Global losses from cryptocurrency fraud and theft increased sharply in 2019, doubling compared to 2018. Despite many efforts to combat cryptocurrency fraud programs, countries like Belgium continued to suffer heavy losses. According to a report, the Belgian Economic Inspectorate reported EUR 2.94 million in losses due to cryptocurrency fraud in 2019. Recent […]