GBP/USD 1H The picture became somewhat clearer on the hourly chart for the pound/dollar pair. The Federal Reserve meeting did not affect the course of trading, but the pair plunged to the support area of 1.2403 – 1.2416, as well as to the Kijun-sen line for the 4-hour timeframe. In addition, the price touched the […]

EUR/USD 4H The euro/dollar pair overcame a long-term downward trend on the 4-hour timeframe on April 30. Overcoming it gave traders the opportunity to trade for a more confident increase. We hoped that a strong macroeconomic background of the environment would contribute to strong movement. However, in practice it turned out that the level of […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – up. CCI: 100.1954 On April 30, the British pound begins the same moderate upward movement that has been observed in recent days. Thus, the past day, as well as for the euro/dollar […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – sideways. CCI: 136.2054 The EUR/USD currency pair has broken the moving average line and continues a very weak upward movement. Traders had some hopes that activity would increase yesterday, and there would […]

4-hour timeframe Average volatility over the past five days: 81p (average). The EUR/USD pair was indistinctly trading on the third trading day of the week. The total volatility of the day at the moment is 56 points. And this is the day when the most important data on the state of the economy were to […]

Data on the growth of the US economy came out in the red zone, not reaching forecast values. US GDP fell by 4.8% (the strongest decline since 2009) in the first quarter, while preliminary forecasts were somewhat more optimistic – according to preliminary estimates, the indicator was supposed to fall by “only” four percent. All […]

Minuette operational scale (H4) Continuation of the dollar’s fall? Options for the development of the movement of major currency instruments #USDX vs EUR/USD, GBP/USD, and USD/JPY from April 30, 2020 in a complex form. ____________________ US dollar index The development of the movement of the dollar index #USDX from April 30, 2020 will be due […]

Recently, the GBPUSD has reached new LOW price levels around 1.1450, slightly below the historical 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 recently demonstrated as depicted on the chart. Technical outlook will probably remain bullish if bullish […]

Few weeks ago, the EURUSD pair has expressed significant bullish recovery around the newly-established bottom around 1.0650. The following 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 […]

Few weeks ago, the EURUSD pair has expressed significant bullish recovery around the newly-established bottom around 1.0650. The following 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 […]

The Chinese National Bureau of Statistics (NBS) will publish April’s manufacturing PMI survey on Thursday at 01:00 GMT and analysts expect a tiny pullback after last month’s incredible rebound that drove the index to pre-outbreak levels. While the slowdown in the data may not downgrade hopes of further improvement in the second quarter, the limited […]

Trading formed an inverted V-shaped formation, from which the level of 1.2500 was reached. The variable upward move from the pivot point of 1.2246 returned the quotes to 1.2500, but failed to maintain it, making it a lever for short positions. The inverted V-shaped formation is seen more clearly in the minutes charts, where the […]

Twitter stock price has been holding in an upward sloping channel after the bounce off the 28-month low of 20.00. In the short-term, the upside momentum is confirmed by the simple moving averages (SMAs), however, the technical indicators are losing momentum. The RSI is moving lower towards the neutral level, while the MACD is heading […]

Colossal injections of cheap liquidity from the Fed contributed to the growth of the S&P 500 index by more than 30% from the March bottom but did not become a catalyst for the EUR / USD rally. The euro still has many vulnerabilities that do not allow it to take advantage of the improved global […]

Trading Recommendation Entry: 15.10 Reason for Entry: Descending trendline resistance, moving average resistance, 61.8% Fibonacci retracement Take Profit : 10.21 Reason for Take Profit: Graphical swing low Stop Loss: 17.93 Reason for Stop loss: Graphical swing high, 61.8% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com

AUDJPY continues to heal its wounds, posting higher highs and higher lows on the daily chart ever since it crashed to the 11-year low of 59.85 in mid-March. Attesting to the improving sentiment, the pair has crossed back above its 50-day simple moving average (SMA). Put together, these suggest the outlook has improved to neutral, […]

Good afternoon traders! Here is my gold analysis. Yesterday’s trading, despite conflicting movements, closed with purchases, which formed a pin bar near the key highs of 1738 and 1747: H1 (hourly chart): I suggest working on their break down from the pullback of yesterday’s initiative. After reaching the first goal, two scenarios are possible: 1. […]

EURGBP has been moving sideways since the soft rebound on the 1-month low of 0.8680 on April 14, unable to fully recover losses made earlier in March. In the short-term, the market could maintain consolidation if the RSI keeps moving around 50 and the red Tenkan-sen line, as well as the blue Kijun-sen line, hold flat. Regarding the trend, […]

Dollar drifts lower in mostly risk-on mood ahead of Fed statement Virus success powers aussie to 7-week high, euro perks up too Oil steadies, stocks move higher in lacklustre trading Dollar pressured amid lockdown easing, eyes Fed meeting The mood of cautious optimism continues to prevail in the markets on Wednesday as several countries have […]

The market is less and less responsive to reports regarding the spread of the coronavirus epidemic. This is a good thing since it can be aligned with the passage of the peak of the epidemic. Restrictive measures aimed at containing the spread of coronavirus are already beginning to be lifted in many countries around the […]

The world’s second-largest company by market capitalization will release its earnings results on Thursday after Wall Street’s closing bell, and investors will be eager to find out how Apple sees its future sales and when it expects to release its next iPhone generation. Even if the stock takes a hit on gloomy guidance, the long-term […]

NZDUSD picked up speed to break above the strong descending trendline and the Ichimoku cloud but it remains to be seen whether the price can finish the day on top of these barriers. Both the MACD and the RSI are somewhat optimistic that positive momentum could hold as the former has climbed above its 50 neutral mark, […]

Gold’s recent footing on the 100-period simple moving average (SMA) has kept the precious metal above the Ichimoku cloud and has returned it slightly above the 50-period SMA. Yet, the commodity’s two-week sideways move endures, unable to break out of the 1,739 and 1,660 boundaries. Further displaying the creeping horizontal mode are the unclear signals […]

EURUSD has been trading within a symmetrical triangle formation since March 20, with a break outside it likely to determine the next trend direction. Moreover, the price rebounded after it found support near the uptrend line and the 1.0730 support, enhancing the argument that the picture may not be entirely negative at the moment in […]

The intraday high and low from the Central Bank Dealer Range (CBDR) usually form on STDV 2-STDV 4 in the normal condition market but sometimes they can reach the STDV 5-STDV 6. Here are today’s levels: STDV 10 – 1.2870. STDV 9 – 1.2829. STDV 8 – 1.2788. STDV 7 – 1.2747. STDV 6 – […]