Minuette operational scale (H4) May options for the development of the movement of the dollar index #USDX and the main cross-instruments EUR/GBP, GBP/JPY, and EUR/JPY in the daily timeframe. ____________________ US dollar index In May 2020, the development of the movement of the dollar index #USDX will be due to the development and direction of […]

Minuette operational scale (H4) May options for the development of the movement of the dollar index #USDX and the main cross-instruments EUR/GBP, GBP/JPY, and EUR/JPY in the daily timeframe. ____________________ US dollar index In May 2020, the development of the movement of the dollar index #USDX will be due to the development and direction of […]

The British pound temporarily rose on the decision of the Bank of England on interest rates, but after a more detailed study of the forecasts and the speech of the Governor of the Central Bank, the pound rushed down, breaking through fairly large levels of support. The minutes of the Bank of England meeting show […]

Few weeks ago, the EURUSD pair has expressed significant bullish recovery around the newly-established bottom around 1.0650. Bullish engulfing H4 candlesticks as well as the recently-demonstrated ascending bottoms indicated a high probability bullish pullback at least towards 1.0980 and 1.1075 (Fibonacci Level 50%). Key Supply-Levels in confluence with significant Fibonacci levels are located around 1.1075 […]

Recently, the GBPUSD has reached new LOW price levels around 1.1450, slightly below the solid Previous Weekly Low (1.1650) achieved in September 2016. That’s when the pair looked very OVERSOLD around the price levels of 1.1450 where a double-bottom reversal pattern was demonstrated. Bullish breakout above 1.1900 invalidated the bearish scenario temporarily & enabled a […]

From the point of view of complex analysis, we see an intense downward spiral in the structure where speculative positions arose. Movement from the conditional ceiling of 1.2620 led the quote to a mirror level of 1.2350, where it could not resist the wave of short positions, with a local low in the value of […]

Silver is struggling to claim the 50-day simple moving average (SMA) but the bullish cross between that line and the 20-day SMA, although weak, is currently somewhat promising of an uptrend resumption. In order to attract buying interest and challenge its recent peak of 15.82, the metal should close above its short-term SMAs and specifically […]

EURCAD is currently stuck between the 200-period SMA of 1.5331 and the 1.5127 level, that being the 50.0% Fibonacci retracement of the up leg from the 34-month low of 1.4263 to the 2-year high of 1.5991. Observing the converged and flattened SMAs, they still promote a horizontal mode whilst the short-term oscillators lean towards a […]

The weekly report on US unemployment has been published, with +3.17 million new applications, which is very negative, since the overall number of unemployed is already at 21 million (16% unemployment rate). Growth does not seem to be decreasing. Such weak data pushes the questions: what will happen to the US economy when the pandemic […]

EUR/USD The news background for the EUR/USD pair on Wednesday consisted of several reports from Europe, a summary of forecasts from the European Commission and a relatively important ADP report on changes in the US employment. The latest report did not surprise investors. The markets have long been prepared for the fact that the total […]

EURJPY has rebounded from the three-and-a-half-year low of 114.40 over the last session, heading higher towards the 20-period simple moving average (SMA) in the 4-hour chart. According to the technical indicators, the RSI is turning higher from the oversold zone, suggesting the end of the bearish action, while the stochastic is heading towards the overbought […]

Technical analysis: The material has been provided by InstaForex Company – www.instaforex.com

Technical analysis: Gold has been still -trading sideways at the price of $1,694. My advice is to watch for potential breakout of the symmetrical triangle to confirm further direction. The material has been provided by InstaForex Company – www.instaforex.com

Corona virus news: Deforestation and other forms of land conversion are driving exotic species out of their evolutionary niches and into manmade environments, where they interact and breed new strains of disease, the experts say. Coronavirus: ‘Nature is sending us a message’, says UN environment chief Three-quarters of new or emerging diseases that infect humansoriginate […]

Overview: The GBP/USD pair is still trading around the daily pivot point of 1.2445. The GBP/USD pair was moving downwards from the level of 1.2445. Last week, the pair dropped from the level of 1.2445 (this level of 1.2445 is coincided with the pivot point) to the bottom around 1.2245. The pair returned to the […]

Overview: The GBP/USD pair is still trading around the daily pivot point of 1.2445. The GBP/USD pair was moving downwards from the level of 1.2445. Last week, the pair dropped from the level of 1.2445 (this level of 1.2445 is coincided with the pivot point) to the bottom around 1.2245. The pair returned to the […]

The US 100 stock index (cash) is recording its fourth consecutive green day thanks to the 20-day simple moving average (SMA), which managed to terminate the latest selling action. Clearing April’s high of 9,155 and further extending the uptrend is now the target as the upward-sloping RSI is currently suggesting. If that is the case, resistance could […]

Technical outlook: EUR/USD has dropped lower beyond our expectations and is trading around 1.0784 levels at this point in writing. Immediate support is seen at 1.0730 levels, followed by 1.0636, while resistance should be strong at 1.1200 respectively. If EUR/USD drops below 1.0730, the fibonacci 0.88 retracement can provide a last support. The overall structure […]

Recent statistics reflect a trend that discourages any desire to take risks. According to data released on Thursday, the yen, traditionally used as a safe haven, began to show fluctuations against the dollar. Thus, we can say that the seven-week high has come to an end. The reason is quite simple: investors have lost interest […]

USD/CHF is trading in the green as the USDX has managed to rebound and to come back higher in the short term. More good US data could push the pair way higher in the upcoming period. The pair is bullish despite the last drop, the price action suggests a further increase in the short term. […]

During the COVID-19 pandemic, gold is extremely popular with investors. At the same time, the cost of precious metals does not increase too much, which leaves the market confused a little. However, experts are sure that gold will still prove itself in the near future, having risen to no less than $ 2000 per 1 […]

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 […]

USDCHF is currently tackling the 0.9767 high after finding some footing at the 0.9730 level, that being the 23.6% Fibonacci retracement of the up leg from the 56 ½-month low of 0.9182 to the three-month high of 0.9900, and the red Tenkan-sen line. Although the mostly flat and merged simple moving averages (SMAs) around 0.9700 […]

From the point of view of complex analysis, we see a variable fluctuation within an important price level, and now let’s talk about the details. The given downward mood from Friday last continues to restore the quote where market participants not only managed to work out a variable surge on April 30, but worked out […]