To open long positions on GBPUSD, you need: Buyers of the pound immediately achieved a breakdown of the resistance of 1.3139, but they could not form a good entry point for us. If you look at the 5-minute chart, you will see that after the breakout of 1.3139, the pair did not return to this […]

Not all countries, as it turns out, use the US dollar as a payment method. For example, China and Russia switched to the euro or to their national currencies for international settlements. This is much safer. The reason for this is endless sanctions against Russia and the trade war between China and the United States. […]

The wave structure of the upward trend section, which began on March 20, has taken the form of a triple zigzag and looks quite convincing. The last wave Z may complicate its internal structure, however, until a successful attempt to break through the 0.0% Fibonacci level, I would not recommend considering this option as a […]

In general sense, the wave counting of the EUR / USD instrument looks complete. However, an upward trend that begins on March 20 can easily transform into a five-wave. At the moment, everything looks as if the upward trend segment is over, and the internal wave structure of each global wave looks quite convincing and […]

In general sense, the wave counting of the EUR / USD instrument looks complete. However, an upward trend that begins on March 20 can easily transform into a five-wave. At the moment, everything looks as if the upward trend segment is over, and the internal wave structure of each global wave looks quite convincing and […]

The minutes of the latest Fed meeting will hit the markets at 18:00 GMT Wednesday. Investors will look for any hints as to the Fed’s next move, which will probably be to strengthen the forward guidance. Clear signals that this might be announced in September could weigh on the dollar and boost stocks, albeit not […]

WTI crude oil futures have found significant resistance at the 42.90 barrier over the last couple of weeks. The technical indicators are showing mixed signals as the RSI is pointing slightly down, while the MACD completed a bullish crossover with its trigger line above the zero line. The Ichimoku lines and the moving averages are […]

Canada will publish its inflation data for the month of June at 1230 GMT on Wednesday before releasing retail sales figures at the same time on Friday. Given the significant rebound in the preceding month, the retail sales report could be a more important market mover among data releases for the loonie, which is expected to move in […]

To open long positions on EURUSD, you need: In the first half of the day, I paid attention to the probability of short positions from the level of 1.1912. However, as we can see, on the 5-minute chart, the test and the formation of a false breakout at this level did not lead to a […]

Further Development Analyzing the current trading chart of BTC, I found that the buyers kicked in with strong momentum to the upside. Which is indication that BTC exited from the contraction of most recent few days. Key Levels: Resistance: $12,475 and $12,800 Support level: $12,000 The material has been provided by InstaForex Company – www.instaforex.com […]

Long US tech, growth (59%) the most crowded trade (4 straight months now) Long gold (23%) is the next most crowded trade Coronavirus second wave (35%) remains biggest tail risk (5 straight months now) US-China trade war (19%) and US election (14%) are next biggest risk factors As I discussed in the previous review, the […]

European banks not likely to recover from the virus crisis before 2022 The recovery of the Eurozone economy will be a vital factor in banks’ solvency He’s not really touching on anything important in his lecture today, but the ECB in general doesn’t have much to offer as they are in a wait-and-see mode currently. […]

Crypto Industry News: Lancium LLC, a cloud computing company based in the United States, has filed a lawsuit against Bitcoin mining company, Layer1, for patent infringement in the Western District Court of Texas. According to the lawsuit filed, the energy use model used by Layer1 to mine Bitcoin infringes a patent from Lancium LLC filed […]

Crypto Industry News: Gemini, a cryptocurrency exchange founded by the Winklevoss brothers, has just added support for three new fiat currencies on its platform. According to the official announcement, Gemini now allows users to trade in Hong Kong Dollar (HKD), Australian Dollar (AUD) and Canadian Dollar (CAD). The three new fiat currencies complement the US […]

USD/CHF is into a downtrend, so the outlook remains bearish, the pair could drop deeper in the upcoming period. The price has moved sideways in the short term signaling further drop. A range sideways movement within a downtrend represents a continuation pattern. The current drop below the 0.9088 low has signaled further downside movement, the […]

Technical Market Outlook: The EUR/USD pair has been trying to break out from a narrow consolidation zone located between the levels of 1.1696 – 1.1915 as it approaches the swing high during the late London session. The recent wave up had been made on strong momentum, but the market conditions are now overbought, so a […]

After getting whipsawed and then clobbered at the height of the virus fallout in March, the euro is fast becoming one of the strongest performing currencies of 2020. Europe’s better handling of the coronavirus outbreak – at least when compared to America – and a big rescue package that is substantially made up of grants, […]

After getting whipsawed and then clobbered at the height of the virus fallout in March, the euro is fast becoming one of the strongest performing currencies of 2020. Europe’s better handling of the coronavirus outbreak – at least when compared to America – and a big rescue package that is substantially made up of grants, […]

Coronavirus in the world: There is a significant decline during the second day of recession in the United States and Brazil. If we look at the numbers in the table for the United States, the maximum was +75 thousand, while the maximum for Brazil was +60 thousand. On the other hand, India has a new […]

Coronavirus in the world: There is a significant decline during the second day of recession in the United States and Brazil. If we look at the numbers in the table for the United States, the maximum was +75 thousand, while the maximum for Brazil was +60 thousand. On the other hand, India has a new […]

We’re seeing AUDCAD face bearish resistance from our long term descending resistance line. It is also at an area where there’s multiple fibonacci retracements and extensions adding bearish pressure to it. We could potentially see a big drop from here. Keep an eye on this setup! The material has been provided by InstaForex Company – […]

We’re seeing AUDCAD face bearish resistance from our long term descending resistance line. It is also at an area where there’s multiple fibonacci retracements and extensions adding bearish pressure to it. We could potentially see a big drop from here. Keep an eye on this setup! The material has been provided by InstaForex Company – […]

At the beginning of this month, gold renewed its high of $ 2,075 per ounce, but then dropped sharply to $ 1,863 last Wednesday. However, the correction did not surprise anyone, since the precious metal grew in price almost continuously for two months. The quote, sooner or later, needs to decline a little in order […]

Price holding above ascending trendline support. A bounce above 50% Fibonacci retracement and 1st support at 137.73 towards 1st resistance at 138.91is possible.. Trading Recommendation Entry: 137.73 Reason for Entry: ascending trendline resistance, 50% Fibonacci retracement Take Profit: 138.91 Reason for Take Profit: Horizontal pullback resistance Stop Loss: 136.56 Reason for Stop Loss: Horizontal pullback […]

Price holding above ascending trendline support. A bounce above 50% Fibonacci retracement and 1st support at 137.73 towards 1st resistance at 138.91is possible.. Trading Recommendation Entry: 137.73 Reason for Entry: ascending trendline resistance, 50% Fibonacci retracement Take Profit: 138.91 Reason for Take Profit: Horizontal pullback resistance Stop Loss: 136.56 Reason for Stop Loss: Horizontal pullback […]