It’s been a hectic couple of months for central banks around the world as most have held at least one unscheduled meeting as the virus crisis unfolded. Hence, next week’s regular gatherings by the Federal Reserve, European Central Bank and the Bank of Japan may not bring anything new, as aside from the interim meetings, […]

We can not say that the pound stood still yesterday, although the scale of movements were quite modest. Nevertheless, oddly enough, the pound almost behaved strictly in accordance with the logic of published macroeconomic data until the end of the day. It was only some time later, after all the statistics were published, that the […]

JP 225 stock index (Cash) appears mostly flat in the very near-term as it edges sideways into the Ichimoku cloud, capped by the 50-day simple moving average (SMA) residing at the 19,779 border, that being the 50.0% Fibonacci retracement of the down leg from 24,162 to 15,384. Extra neutral signals are reflected in the flattened […]

EUR/USD – 1H. Hello, dear traders! On April 23, the EUR/USD pair grew and returned to the lower border of the side trend corridor. Then, the price pulled back from this level and started falling again. Thus, the lower border of the side corridor once again played in favor of bear traders. There are no […]

The US 30 stock index (cash) found strong resistance at the 24,443 level and the 50-day simple moving average (SMA), returning back below the 50.0% Fibonacci retracement level of the downward wave from 29,582.61 to 18,145 at 23,866. Technically, the RSI indicator, holding in positive territory, is moving sideways with weak momentum, while the MACD […]

The US 30 stock index (cash) found strong resistance at the 24,443 level and the 50-day simple moving average (SMA), returning back below the 50.0% Fibonacci retracement level of the downward wave from 29,582.61 to 18,145 at 23,866. Technically, the RSI indicator, holding in positive territory, is moving sideways with weak momentum, while the MACD […]

Trading Recommendation Entry: 1.4165 Reason for Entry: 61.8% fibonacci retracement Take Profit :1.3996 Reason for Take Profit: Horizontal swing low support , 61.8% fibonacci retracement Stop Loss: 1.4292 Reason for Stop loss: 100% fibonacci retracement, 50% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com

Trading Recommendation Entry: 1.4165 Reason for Entry: 61.8% fibonacci retracement Take Profit :1.3996 Reason for Take Profit: Horizontal swing low support , 61.8% fibonacci retracement Stop Loss: 1.4292 Reason for Stop loss: 100% fibonacci retracement, 50% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com

Equities turn red after would-be miracle drug Remdesivir fails clinical trial Euro dives as EU drags feet on recovery fund, disagrees on debt sharing Yen pares gains on reports BoJ will ramp up stimulus next week Oil extends bounce, but rebound likely fragile  Virus-drug disappointment bites stocks A rally in global stock markets faltered yesterday, […]

USDCAD stunned, rests at the mid-Bollinger band around 1.4070 after a deflection off the upper band at the 1.4263 level, that being the 23.6% Fibonacci retracement of the up leg from 1.2951 to 1.4667. The price appears undecided for now as do the short-term oscillators, which display conflicting directional signals. The MACD is in the […]

GBPJPY is lacking direction in the very short-term timeframe as is has been consolidating above the 38.2% Fibonacci of the down leg 144.95-124.00 at 132.00 and the 135.80 resistance over the last month. It is noteworthy that, the 20- and 40-day simple moving averages (SMAs) are turning lower after their bullish crossover in the previous […]

EURJPY today pushed below the 115.86 low of September 2019 producing a 3-year low of 115.71. The pair bounced off this level, that being the 123.6% Fibonacci extension of the up leg from 116.35 to 119.03 driving the price to the mid-Bollinger band at 116.65. The recent pick up in price action is also reflected […]

Facebook’s stock price has been advancing over the last month after it reached a 15-month low of 136.75. The run above the 50-day SMA could open the way for a possible upside correction of the negative movement from 224.30 to 136.75. Regarding the momentum indicators, the MACD entered the positive territory while the RSI is […]

Gold’s new-found confidence today broke above the Ichimoku cloud confirming the bounce off the lower band of the cloud and the 100-period simple moving average (SMA). Boosting this climb is the bullish crossover within the Ichimoku lines and the upward slopes of the SMAs. Moreover, the short-term oscillators suggest further gains for now, with the […]

The US 100 stock index (cash) rebounded near the one-month old ascending trendline and the  8,300 level on the four-hour chart, saving its uptrend from a disruption. The price also managed to find some footing on the upper surface of the Ichimoku cloud but resistance around 8,714 is currently blocking the way north. Technically, there […]

Over the past few days, there has been a significant increase in volatility in the OIL Market. Moreover, we saw futures prices on WTI OIL for the month of May trading at a historically unprecedented negative price. We would like to inform you that in order to protect our clients and our Company from the […]

US airlines will grab the earnings spotlight over the next week as they reveal the financial cost of the COVID-19 pandemic on their first quarter performance. Southwest Airlines will announce its results on Thursday before the market close, followed by American Airlines on Friday, also before the market close. United Airlines, which was due to […]

The US dollar index continues to rise above the short-term simple moving averages (SMAs) following the bounce off the 98.30 support level. According to the MACD, positive momentum could push for further gains in the near-term as the indicator picks up steam above its trigger line. The RSI is also marginally advancing above the neutral threshold […]

The US dollar index continues to rise above the short-term simple moving averages (SMAs) following the bounce off the 98.30 support level. According to the MACD, positive momentum could push for further gains in the near-term as the indicator picks up steam above its trigger line. The RSI is also marginally advancing above the neutral threshold […]

EURUSD has been making lower highs and higher lows since the end of March on the four-hour chart, forming a shape of a symmetrical triangle, which looks to be at risk at the moment. The momentum indicators are currently indicating that bearish pressures exist as the RSI seems to be resuming negative momentum below its […]

Trump turns up the aggression with Iran, oil likes it But unlikely that this is a sustainable rebound Euro suffers after terrifying PMIs, awaits EU leaders meeting Stocks recover, yet safe havens thrive too Oil prices recover as Trump rattles sabers with Iran All the troubles in the oil market were magically resolved by a […]

Trump turns up the aggression with Iran, oil likes it But unlikely that this is a sustainable rebound Euro suffers after terrifying PMIs, awaits EU leaders meeting Stocks recover, yet safe havens thrive too Oil prices recover as Trump rattles sabers with Iran All the troubles in the oil market were magically resolved by a […]

AUDUSD appears to have stalled between the 0.6449 level – that being the 61.8% Fibonacci retracement of the down leg from 0.7031 to 0.5506 – and the 50.0% Fibo of 0.6268, after the latest shove up reversed ahead of the falling trend line, drawn from December 31. The price is gaining above the 50-day simple […]

AUDUSD appears to have stalled between the 0.6449 level – that being the 61.8% Fibonacci retracement of the down leg from 0.7031 to 0.5506 – and the 50.0% Fibo of 0.6268, after the latest shove up reversed ahead of the falling trend line, drawn from December 31. The price is gaining above the 50-day simple […]

WTI crude oil futures are recovering somewhat after the sharp collapse to a multi-year low of 6.62 on Tuesday. The renewed selling interest broke the 19.32 strong barrier (resistance now – support before) to the downside, opening the way for steeper declines. However, currently, the momentum indicators are suggesting a possible upside pullback in the […]