The GBP / USD rate passed the local high, thereby breaking the upper limit of the sideways channel. It brought the quote to the price level reached in December 2019, leaving behind the collapse observed this March. However, such a rapid recovery in the pound alarms market participants, mainly because the foundation of the growth […]

The GBP/USD pair f was able to reach the level of 1.3200 for the first time in more than five months, thanks to continued sales of the US dollar. The dollar was hit again this week. On Monday, the yield on 10-year US government bonds fell nearly 4%, continuing to decline on Tuesday. Against this […]

Gold is trading in the read right now after the failure to stabilize above $2,000 level. The current temporary drop was somehow expected after the last rebound. Maybe the rate will retest the immediate support levels before jumping higher. The short term rebound was natural and expected after the false breakdown below the $1,900 level. […]

The US dollar continues its negative dynamics against the euro and the pound sterling on Wednesday. However, it is growing against the Japanese yen. The greenback remains in a negative position as it still continues to consolidate near its lowest levels for the last two years. At present, the main news that puts pressure on […]

Today, at 07:00 (London time), the UK published data on the consumer price index. The indicator exceeded economists’ expectations, and inflation in the United Kingdom rose stronger than forecasts. Data for July showed an increase of 1%, while it was expected that they will remain at the level of 0.6%. On a monthly basis, the […]

GBP/USD is challenging a strong dynamic resistance, a valid breakout will suggest buying again. Technically, the pair is expected to resume its upside movement after ignoring 1.3170 static resistance. The Pound retains full control after better than expected UK’s inflation data. GBP/USD should approach fresh new highs after making another higher high. Also, USDX’s sell-off […]

Today we’re seeing a high probability bounce setup on USDJPY at 104.80. There’s a nice 127% retracement and a 78.6% retracement lining up nicely in the supply area. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis and forecast for GBP/USD on August 19, 2020 August 19, 2020 Today, at 07:00 (London […]

Price holding below descending trendline resistance. After pulling back to the 61.8% fib retracement, price is likely to drop from there towards our 1st support where the 61.8% fib extension is. Trading Recommendation Entry: 0.9025 Reason for Entry: Horizontal swing low Take Profit: 0.9008 Reason for Take Profit: 61.8 % Fibonacci extension Stop Loss: 0.9043 […]

Price is facing bearish pressure from our downside confirmation, where we could see a further drop towards 1st support if price breaks below the downside confirmation at 1.3152. EMA is also showing more bearishness to come. Trading Recommendation Entry: 1.3152 Reason for Entry: 100% fib extension Take Profit :1.3106 Reason for Take Profit: 161.8% fib […]

Price is facing bullish pressure from our first support in line with our ascending trend line, 38.2%, 78.6% fibonacci retracement and 61.8% fibonacci extension where we could see a bounce above this level. Trading Recommendation Entry: 1984.13 Reason for Entry: ascending trend line, 38.2%, 78.6% fibonacci retracement and 61.8% fibonacci extension Take Profit: 2015.65 Reason […]

Daily incidence in US and Brazil increased again, but the figures are fortunately below the highest record. Now, the leading country relative to the highest number of new cases a day is India, as the country recorded 65 thousand new infections on its latest data. EUR/USD – euro has emerged from its 18-day upward consolidation […]

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GBPJPY is looking more neutral in the very short-term as prices are hovering above the simple moving averages (SMAs) and within the 138.55 – 140.18 region. Hence the upside momentum in the last week appears to have run out of steam as prices have been attempting and failing to close above the five-and-a-half-month high of […]

USDJPY appears steadfast in a fairly horizontal direction relatively unaltered by the prevailing negative pressures from the gradual declining simple moving averages (SMAs). The price found some footing around the 105.20 level – that being the 61.8% Fibonacci retracement of the up leg from 101.17 to 111.71 – which has helped to keep the decline […]

Daily Well, what was supposed to happen happened. At yesterday’s trading, the main currency pair of the Forex market confirmed its intentions to move in the north direction by breaking through the important and key resistance zone of 1.1900-1.1915 at that time. Tuesday’s trading closed at 1.1930, and highs were shown at 1.1965. Thus, two […]

EUR / USD rate passed a price level of 1.19150 yesterday, thereby rewriting the yearly high. It took place during the US trading session, and if traders want to turn it around now and bring the quote to a target price decrease, long positions must be opened, following scheme below: Thus, if the quote undergoes […]

The EUR/USD currency pair managed to break out of the trap, breaking the level of 1.1910 and focusing within 1.1920 / 1.1965, after a monthly fluctuation within the boundaries of the side channel 1.1700 // 1.1800 // 1.1910. The upward move set in mid-may was resumed on the occasion of a flat break, which means […]

Market participants broke through the long-running side channel of 1.3000/1.3185 with an upward direction, where the quote locally jumped towards the value of 1.3263, after which it stopped. The US dollar continues to lose ground despite the fact that the outgoing data for the United States did not turn out to be bad, and macroeconomic […]

Trend analysis (Fig. 1). The market may continue to move upward from the level of 1.3240 (closing of yesterday’s daily candle) with the target of 1.3359 located at the upper boundary of the Bollinger line indicator (purple dotted line). In case of testing this level, a downward pullback is possible with the target of 1.3190 […]

EUR/USD – 1H. On August 18, the EUR/USD pair continued the growth process inside the upward trend corridor, which continues to characterize the current mood of traders as “bullish”. No economic reports were published the day before, but political news continues to flow in from America. For example, Treasury Secretary Steven Mnuchin spoke yesterday, saying […]

GBP/USD – 1H. According to the hourly chart, the quotes of the GBP/USD pair continue to grow. The upward trend line at this time characterizes the mood of traders as “bullish”, however, the pair’s quotes have already moved quite far away from it. This suggests that the “bullish” mood is increasing. Thus, the British pound […]

EUR/USD Analysis: The direction of the trend sets the course of the rising wave from March 23. Quotes of the European currency are located in the reversal zone of a large TF. The price has reached the next resistance, which may become the starting point of correction. A reversal pattern has been formed on small-scale […]

EUR/USD rate continues to climb up as more and more problems occur in the United States. Yesterday, the Democratic Party officially nominated Joe Biden as their candidate for the upcoming US presidential elections, and he will compete Republican’s candidate, US President Donald Trump, in the seat. The election will be held on November 3 this […]

EUR/USD rate continues to climb up as more and more problems occur in the United States. Yesterday, the Democratic Party officially nominated Joe Biden as their candidate for the upcoming US presidential elections, and he will compete Republican’s candidate, US President Donald Trump, in the seat. The election will be held on November 3 this […]

S&P 500 closes at a new record, powered by slowing US cases and stimulus signals Dollar gets hammered, hits fresh two-year lows  Sterling capitalizes most on the dollar’s troubles Today: FOMC minutes and Canadian inflation numbers Mission accomplished: Wall Street at new records There’s no stopping the US equity freight train. The S&P 500 erased […]