AUDUSD is set to put its positive structure from the 0.5500 bottom back into play on the four-hour chart after ticking above its previous high of 0.6443 on Monday. Yet, with the RSI and the Stochastics losing steam in the overbought area, downside corrections cannot be ruled out. In this case, the red Tenkan-sen line […]

EURUSD has been trading within a triangle pattern over the last seven weeks after it hit a 13-month peak slightly below the 1.1500 handle. The price is currently touching the upper boundary of the formation, while not far above the 20-day simple moving average (SMA) is also located. Looking at the technical indicators, the MACD although below its red trigger line, […]

Trading Recommendation Entry: 76.467 Reason for Entry: Trendline breakout and pullback. Take Profit : 75.924 Reason for Take Profit: Graphical swing low, 61.8% Fibonacci retracement Stop Loss: 76.713 Reason for Stop loss: Graphical swing high The material has been provided by InstaForex Company – www.instaforex.com

GBPUSD although having pushed back above all simple moving averages (SMAs), appears rather flat between 1.2246 and the 1.2516 level, that being the 61.8% Fibonacci retracement of the down leg from the 1.3200 high to the 35-year low of 1.1410. The technical oscillators reflect a short coming in directional momentum by painting a doubting picture, […]

Dollar pressured as euro, pound and aussie charge higher on possible relaxation of lockdowns Stocks edge higher too but oil plunges again Bank of Japan pledges unlimited QE; focus moves to Fed and ECB Light at the end of the lockdown tunnel? It was a buoyant start to the week as signs that the draconian […]

US stock indices closed the week on a positive note, primarily due to the growth of shares of technology companies. Asian stock exchanges are also trading in the green zone on Monday morning. Generally, the mood remains positive due to the slowdown in the spread of coronavirus. The Congressional Budget Committee has presented preliminary forecasts […]

USDJPY closed clearly below the symmetrical triangle on Monday on the four-hour chart, letting the bears take control. The momentum indicators are currently backing the bearish mode as the RSI, the Stochastics, and the MACD are all decelerating, shifting the focus to the downside and particularly to the 106.90 key support level which provided a […]

USDJPY closed clearly below the symmetrical triangle on Monday on the four-hour chart, letting the bears take control. The momentum indicators are currently backing the bearish mode as the RSI, the Stochastics, and the MACD are all decelerating, shifting the focus to the downside and particularly to the 106.90 key support level which provided a […]

The intraday high and low from the Asia Range 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 – 1.3062. STDV 9 – 1.2999. STDV 8 – 1.2936. STDV 7 – 1.2873. STDV 6 – 1.2810. STDV 5 […]

The intraday high and low from the Asia Range 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 – 1.3062. STDV 9 – 1.2999. STDV 8 – 1.2936. STDV 7 – 1.2873. STDV 6 – 1.2810. STDV 5 […]

Gold prices successfully surpassed the previous high of the 1,703 strong barrier, confirming the upside tendency in the short- and medium-term timeframes. The yellow metal challenged a new fresh seven-and-a-half-year high of 1,746.95 on April 14 and is currently hovering slightly below this level. The momentum indicators are failing to improve the positive picture on […]

Signals for the EUR/USD pair: If the pair breaks through the level of 1.0845, the euro is likely to gain ground to the area of 1.0882 and 1.0908 If the pair breaks through the level of 1.0816, the euro is likely to decline to the area of 1.0787 and 1.0760 Signals for the GBP/USD pair: […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – downward. CCI: 8.1909 On April 27, the British pound continues to adjust to the moving average line, from which it previously rebounded. Thus, the downward movement has not been resumed yet, and […]

XM continues making its philanthropic contributions to support the fierce fight against the novel coronavirus pandemic. XM fulfills its pledge to continue supporting local communities facing a crisis in Southeast Asia. Shortly after donating to the relief fund of the Vietnamese Saigon Children’s Charity foundation, further donations followed, and this time in support of the […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – sideways. CCI: -37.6305 The EUR/USD currency pair starts the new week with a corrective movement. At the moment, the quotes of the euro/dollar pair have increased to the moving average line, so […]

GBP/USD. 1H The pound/dollar pair continues to trade in a downward direction on the hourly chart on April 27. The quotes of the GBP/USD pair were pinned below the upward trend line last Friday, which made it possible for us to assume that both the downward movement and trend would continue. However, instead, the pair […]

EUR/USD. 1H The euro/dollar continues to trade inside the downward channel on the hourly chart on April 27. The pair reached its lower limit and rebounded from it on Friday, which formed another reference point of this channel. The pair’s quotes are now approaching its upper line, from which a rebound could also follow. Thus, […]

The British pound corrected against the dollar in the last three days. Thus, the correction took on a rather protracted character, especially since the quotes failed to overcome the critical Kijun-sen line, which initially was not too far away. We can assume that now the pair’s traders are at some crossroads. Bulls have no special […]

A new trading week on the forex market begins, and we have to figure out what to expect from this week and what its macroeconomic background will be. In most cases, traders continue to ignore macroeconomic reports, but we have already said that, sooner or later, traders will begin to pay attention to statistics again, […]

24-hour timeframe The British pound was trading fairly calmly against the US currency last week. Only on Tuesday, the pound/dollar pair showed quite high volatility, about 200 points, and on all other days, there were standard 100-130 points. Judging by the 24-hour timeframe, it is now impossible to say unequivocally that the upward trend is […]

24-hour timeframe The British pound was trading fairly calmly against the US currency last week. Only on Tuesday, the pound/dollar pair showed quite high volatility, about 200 points, and on all other days, there were standard 100-130 points. Judging by the 24-hour timeframe, it is now impossible to say unequivocally that the upward trend is […]

24-hour timeframe Another trading week on the Forex market has ended, and we are summarizing its results. The EUR/USD currency pair was in a downward trend for most of the trading week. Thus, the downward trend continues and the signal from Ichimoku “dead cross”, which was formed on March 20, continues to be processed. The […]

24-hour timeframe Another trading week on the Forex market has ended, and we are summarizing its results. The EUR/USD currency pair was in a downward trend for most of the trading week. Thus, the downward trend continues and the signal from Ichimoku “dead cross”, which was formed on March 20, continues to be processed. The […]

Minuette operational scale (H4) Start of a correction? Options for the development of the movement of major currency instruments #USD vs EUR/USD vs GBP/USD vs USD/JPY on April 27, 2020 in a complex form ____________________ US dollar index The development of the movement of the dollar index #USDX from Monday, April 27, 2020, will be […]

Oil prices rallied on Thursday to pare some of the prior session’s losses, propped up by declining exports by OPEC-member Venezuela. Brent crude futures traded up 33 cents or 0.4 percent, to $75.69 per barrel. Meanwhile, U.S. WTI crude rose 33 cents or 0.6 percent at $65.11 per barrel. It finished the prior session 1.2 […]