To open long positions on EUR/USD, you need: Yesterday, in my review for the second half of the day, I recommended opening short positions from the resistance of 1.0945, and paying attention to purchases only after updating the major support of 1.0895, which happened. The 5-minute chart clearly shows how buyers are trying to form […]

Trading Recommendation Entry: 1.40920 Reason for Entry: descending trendline resistance, 38.2% Fibonacci retracement Take Profit : 1.39588 Reason for Take Profit: 61.8% Fibonacci retracement Stop Loss: 1.41525 Reason for Stop loss: Graphical swing high The material has been provided by InstaForex Company – www.instaforex.com

AUD/USD The Australian dollar worked out the support for the nearest line of the price channel and reflected from it, forming a correction from the fall since April 30. The divergence on the Marlin oscillator continues to act, we expect the price to fall. The first target of the bears is the MACD line at […]

USD/JPY The USD/JPY quote once again approached the support of the embedded line of the price channel on Monday and the price went under it again this morning. Most likely, this downward movement is working, since tomorrow’s candlestick will coincide with the 9th line of the Fibonacci time zone and will receive a strong acceleration […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – sideways. Moving average (20; smoothed) – sideways. CCI: -58.7810 The British pound started the new trading week with consolidation below the moving average line. Thus, the trend has changed to a downward one and short positions are now […]

4-hour timeframe Technical details: Higher linear regression channel: direction – sideways. Lower linear regression channel: direction – sideways. Moving average (20; smoothed) – sideways. CCI: 10.4497 The EUR/USD currency pair starts in a downward correction on Tuesday, May 5. The day before, the euro/dollar pair worked out the moving average line, so it keeps the […]

4-hour timeframe Average volatility over the past five days: 84p (high). The EUR/USD pair was trading as it should be on Monday. As we expected in previous articles (published over the weekend), a downward correction began immediately after trade opened, which was justified by technical factors, and simply by the banal need to correct after […]

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 […]

The final data on activity in the manufacturing sector of the Eurozone confirmed the complexity of the situation in which the economy is located. Due to the coronavirus pandemic, production fell in all countries at once, but Italy was most unlucky, were due to strict restrictive measures, production fell much more than in neighboring countries. […]

Copper futures’ correction seems to be faltering below the 50-day simple moving average (SMA) and under the 2.3175 level – that being the 38.2% Fibonacci retracement of the down leg from 2.8819 to 1.9684 – as it edges in the Ichimoku cloud. The Ichimoku lines support the bullish run as does the MACD, which is […]

Minor operational scale (Daily) May – commodity currencies AUD/USD & USD/CAD & NZD/USD – options for the development of the movement from May 5, 2020. ____________________ Australian dollar vs US dollar In May 2020, the development of the movement of the Australian dollar AUD/USD will be due to the development and direction of the breakdown […]

Minor operational scale (Daily) May – commodity currencies AUD/USD & USD/CAD & NZD/USD – options for the development of the movement from May 5, 2020. ____________________ Australian dollar vs US dollar In May 2020, the development of the movement of the Australian dollar AUD/USD will be due to the development and direction of the breakdown […]

EURUSD faced a decline in the correction. For those who did not have time to buy euros from 1.0850, you can buy from 1.0930. Stop at 1.0850. You may keep purchases from 1.0850, the stop has been moved to breakeven. If the euro drops to 1.0850, the attempt to move up again the range will […]

One of the focus events of this week is the April US Jobs Report. The overall picture is expected to be appalling as the US Department of Labor is likely to report a loss of 21 million jobs. This happens after a 701 thousand job cut in March when the historic job growth ended. According […]

Western Union stock price has been underperforming in the past two days, breaking back below the 50-period simple moving average (SMA). When looking at the bigger picture, the pair was in a negative move before it started consolidating after finding a floor at the 14-month low of 17.45. Momentum indicators are pointing to a neutral to negative bias […]

Hello everyone! The EUR/USD pair rallied for the past five trading days, the growth of which amounted to 1.46%. The week was not the best for the US dollar, as the instrument weakened against all its major competitors, and suffered the most losses in tandem with the single European currency. The article will analyze the […]

To open long positions on EURUSD, you need: In my morning forecast, I paid attention to the support level of 1.0937 and the probability of forming a false breakout, which would allow us to build a larger upward correction in the pair. However, after several unsuccessful attempts, which are visible on the 5-minute chart, and […]

US 500 stock index (Cash) is inactive at the 2,789 level, that being the 50.0% Fibonacci retracement of the down leg from the all-time high of 3,396.64 till the 2,183.95 low. The price appears stuck between the lower Bollinger band of 2,767 and the 100-period simple moving average (SMA) at 2,827. Turning to the short-term […]

The Reserve Bank of Australia will announce its latest policy decision on Tuesday (4:30 GMT) and is not anticipated to make any changes to the cash rate or its quantitative easing (QE) program. But as one of the newest members to the QE club, the RBA may also be the first to exit its emergency […]

Corona virus summary: More than 10 times as many people in Germany have likely been infected with the coronavirus than the number of confirmed cases, researchers from the University of Bonn have concluded from a field trial in one of the worst hit towns. The preliminary study results, which have yet to be peer reviewed […]

Corona virus summary: US officials believe China hid virus’s severity to hoard medical supplies. An intelligence report by US Department of Homeland Security, obtained by AP, claims China covered up the extent of the coronavirus outbreak and how contagious the disease is to stock up on medical supplies needed to respond to it. The report […]

Corona virus summary: US officials believe China hid virus’s severity to hoard medical supplies. An intelligence report by US Department of Homeland Security, obtained by AP, claims China covered up the extent of the coronavirus outbreak and how contagious the disease is to stock up on medical supplies needed to respond to it. The report […]

Corona virus summary: Japan extends the country’s national state of emergency to May 31 Japan’s prime minister Shinzo Abe said on Monday he had decided to extend the country’s national state of emergency to May 31, Reuters reports. Abe will consider lifting the state of emergency without waiting for its 31 May expiration if experts […]

Technical outlook: EUR/USD had rallied through 1.1019 highs last week before pulling back lower again. An intermediary resistance at 1.0990 levels has been taken out as well and hence a corrective drop was expected. Please note that recent upswing is between 1.0730 and 1.1019 respectively and the fibonacci 0.618 retracement is seen towards 1.0837 levels. […]

Technical outlook: EUR/USD had rallied through 1.1019 highs last week before pulling back lower again. An intermediary resistance at 1.0990 levels has been taken out as well and hence a corrective drop was expected. Please note that recent upswing is between 1.0730 and 1.1019 respectively and the fibonacci 0.618 retracement is seen towards 1.0837 levels. […]