The tax period, the repatriation of capital to the homeland, and the inflow of dividends from investments in foreign assets allowed the British pound to grow in April for two decades where only 2004 and 2018 became an exception. On one hand, May is not traditionally set for sterling. Every year since 2010, GBP / […]

EUR / USD On May 1, the EUR/USD pair gained about 25 bps and thus continued to build the expected wave 3 in C. If this assumption is correct, then the increase in quotes will resume with the goals located above the 11 figure within the wave C. At the same time, the entire wave […]

Today we take a look at GBPJPY 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

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AUDUSD broke the rising trend line to the downside earlier today, challenging the Ichimoku cloud in the 4-hour chart. This movement is confirmed by the simple moving averages (SMAs) as they are ready to create a bearish crossover and the MACD oscillator is heading south in the negative zone. On the other hand, the RSI […]

Overview: The AUD/USD pair rebounded from the top of 0.4548 to close at the 0.6400 level. We are still looking for bullish market as long as the price is set above the area of 0.6350.The AUD/USD pair will continue to rise from the level of 0.6443. The support is found at the level of 0.6443, […]

Forecast for May 4: Analytical review in H1 scale: For Gold, the main key levels on the H1 scale are: 1740.22, 1731.37, 1717.46, 1707.34, 1690.06, 1682.54, 1677.98 and 1669.38. Here, the price registered a small potential for the upward movement of May 1. Short-term upward movement is expected in the range of 1707.34 – 1717.46. […]

Technical analysis recommendations for EUR/USD and GBP/USD on May 4 Economic calendar (Universal time) There are no important events in the current economic calendar. EUR / USD After a very optimistic closing of the month, the players to increase managed to close the week just as well. If players to decline will not be able […]

Trading Recommendation Entry: 1745.35 Reason for Entry: Horizontal swing low support Take Profit :1642.36 Reason for Take Profit: 38.2% fibonacci retracement, 100% fibonacci extension Stop Loss: 1775.63 Reason for Stop loss: 127% fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com

Trading Recommendation Entry: 1745.35 Reason for Entry: Horizontal swing low support Take Profit :1642.36 Reason for Take Profit: 38.2% fibonacci retracement, 100% fibonacci extension Stop Loss: 1775.63 Reason for Stop loss: 127% fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com

US stocks drop on Amazon earnings, fall further as US-China tensions flare up Finally discounting the long-term impact on consumption, psychology, and (de)globalization? Yen and dollar shine as risk aversion returns, aussie and kiwi suffer US-China tensions reintroduce stocks to gravity The stimulus-fueled bear rally in global stocks seems to be running on fumes, with […]

Forecast for May 4: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.1134, 1.1074, 1.1046, 1.0999, 1.0913, 1.0887, 1.0859 and 1.0807. Here, we continue to monitor the development of the ascending structure of April 24. The continuation of the […]

EURUSD found buyers last week and turned up to re-challenge its recent swing highs. The bullish pressure, however, proved insufficient, with the price failing again to close above 1.0980 despite spiking to 1.1016 on Friday. On Monday, the pair started the session in the red and below the 50-day simple moving average (SMA), while also […]

USDJPY has been trading within a descending channel over the last month, hitting a fresh six-week low at 106.35 on April 29. The price is currently capped by the simple moving averages (SMAs) in the 4-hour chart, while the RSI is marginally pointing up in the negative zone. However, the stochastic oscillator is ready for […]

Last week, the pair started moving up from the support line 1.2364 (red bold line) and tested the 21 average EMA – 1.2612 (black thin line), but then, after testing this line, the price went down by 128 points. There is a high possibility that the price may continue to decline this week. Trend analysis. […]

The yellow metal is traded at $1,703 and it seems determined to resume the uptrend after the minor decrease and after it has tested and retested the near-term support levels. Gold is bullish, the current sideways movement could give us a great chance to buy it as well. The specialists talk about a global recession […]

The market opened neutrally on Monday relative to Friday’s closing, however, the Asian session gradually went into the red zone. The slowdown in the rate of spread of coronavirus was not strong enough to expand markets to increase. To assess the prospects of a particular currency in the global currency market, it is necessary to […]

S&P 500 index at the close of last week – the US market dipped -2.5%. The decline was due to weak macroeconomic statistics that continue to pile up, as well as to Trump’s new round of complaints against China – Trump is now accusing China for intentionally hiding information on the coronavirus. Reports on US […]

Trend analysis. The price, from the pullback level of 38.2% – 1.0952 (red dashed line), can make an upward movement this week, with the first target of 1.1039 – the pullback level of 76.4% (blue dashed line). When this level is broken up, it is possible to continue working upwards with the target of 1.1085 […]

Last Friday, the US president blamed China for the coronavirus pandemic, explaining that the Chinese authorities, with the emergence of a focus of infection in the country at the end of last year, hid it from the world community in every possible way. Of course, this serious accusation caused a drop in global stock markets, […]

Gold is currently resting at the mid-Bollinger band around 1,700 while still confined between the boundaries of 1,660 and 1,739. The short-term oscillators further reflect a neutral-to-bullish bias, while the rising simple moving averages (SMAs) continue to be positively charged suggesting further advances to come. The MACD and the RSI display the pause in the […]

EUR/USD plunges and it could signal another important drop. USD has taken the lead and it drives the pair lower as the USDX has found strong support and now is rallying. Technically, the EUR/USD increase was somehow natural after the false breakdown below 1.0777 static support. The dollar was boosted by the ISM Manufacturing PMI […]

The euro-dollar pair shows a corrective decline at the beginning of the trading week, following three days of strong growth. Such dynamics is due to the general growth of the US currency – the dollar index jumped from 99.0 to 99.5 points during the Asian session on Monday, reflecting demand throughout the market. The potential […]

Trend analysis (Fig. 1). Today, a continuation of the downward trend is possible from the level of 1.2499 (closing of Friday candle) with the target of 1.2357 – a 23.6% retracement level (presented in a blue dotted line). In case of breaking this level downwards, the downward movement may continue with the target of 1.2177 […]

Trend analysis (Fig. 1). Today, a downside pullback is possible from the level of 1.0984 (closing of the Friday afternoon candle) with the target of 1.0908 – a 38.2% retracement level (presented in a red dashed line). If this level is broken down, a continuous downward pullback is possible with the target of 1.0874 – […]