Risk Warning: 75.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Risk Warning: 75.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

Risk Warning: 75.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

NZDUSD changed course to the downside this month, printing lower highs and lower lows after peaking at a new 8-month high of 0.6714 in the four-hour chart. Besides the negative price action, the bearish cross registered between the 20- and 200-period simple moving averages (SMAs) this week, which is the first since January, further raised […]

NZDUSD changed course to the downside this month, printing lower highs and lower lows after peaking at a new 8-month high of 0.6714 in the four-hour chart. Besides the negative price action, the bearish cross registered between the 20- and 200-period simple moving averages (SMAs) this week, which is the first since January, further raised […]

In the United States, inflation is rapidly growing, as a result the real profitability of the American currency is dropping. The weak dollar helps the euro and the pound sterling to rally. Currencies that depend on oil are also rising as oil prices are still stable. So, for example, the Norwegian krone gained in value. […]

In the United States, inflation is rapidly growing, as a result the real profitability of the American currency is dropping. The weak dollar helps the euro and the pound sterling to rally. Currencies that depend on oil are also rising as oil prices are still stable. So, for example, the Norwegian krone gained in value. […]

GBPUSD has been edging sideways in the Ichimoku cloud for the last week, after retreating from the recent five-month high of 1.3185, just shy of the key 1.3200 peak from March 9. The Ichimoku lines and the flattened 50-period simple moving average (SMA) reflect this horizontal tone within the pair. Nonetheless, the SMAs continue to […]

Today we take a deep dive look at NZDUSD and how to trade this currency pair. We utilize a range of Fibonacci retracements, extensions, support/resistance, oscillators and correlation to analyze the markets. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – GBPUSD extends recess of positive bias August 14, 2020 […]

NZD/USD drops again after a temporary rebound and it could reach fresh new lows soon if the US data comes in line with expectations or better. Technically, the pair has escaped from a major up channel, so it is somehow expected to drop further in the short term. A USDX’s rally after the US data […]

Price holding below descending trendline resistance. A drop below 38.2% Fibonacci retracement and 1st resistance at 0.65544 towards 1st support at 0.65265 is possible.. Trading Recommendation Entry: 0.65544 Reason for Entry: Decending trendline resistance, 38.2% Fibonacci retracement Take Profit: 0.65265 Reason for Take Profit: Recent swing low Stop Loss: 0.65764 Reason for Stop Loss: 61.8% […]

Price is facing bearish pressure from our 1st resistance, where we could see a further drop below this level. A break below our downside confirmation target could provide the bearish acceleration to our first support target. Trading Recommendation Entry: 1.3233 Reason for Entry: horizontal swing low Take Profit :1.3166 Reason for Take Profit: 78.6% fib […]

The US 30 index has been in an upside tendency since March 23, reaching a new five-and-a-half month high of 28,180. The price is standing above the ascending trend line and the long- and short-term simple moving averages (SMAs), and the MACD oscillator is still holding above the trigger and zero lines. However, the RSI […]

Hopes fade for a quick stimulus deal in the US as Congress leaves town Weaker-than-expected Chinese data adds to recovery worries Dollar pulled from lows as subdued tone weighs on stocks Stalemate on Capitol Hill A deal on a new coronavirus relief package looked increasingly out of reach as US Senators left Washington for the […]

Hello, dear colleagues! Despite the fact that yesterday’s data on initial applications for unemployment benefits in the US were significantly better than the consensus forecast of 1 million 120 thousand and in fact amounted to 963 thousand, this did not save the US dollar from another round of decline in the pair with the single […]

EUR/USD – 1H. Hello, traders! On August 13, the EUR/USD pair continued the growth process for most of the day after closing above the downward trend line. However, towards the end of the day, it performed a reversal in favor of the US dollar and began to fall in quotes. Nevertheless, the mood of traders […]

GBP/USD – 1H. Hello, traders! On the hourly chart, the quotes of the GBP/USD pair have closed several times over the past few days above and below the ascending and descending trend lines. Thus, the situation for the British is now the same as for the euro. Traders cannot decide which currency to buy at […]

Market participants continue to behave inappropriately in many ways, thereby only making things worse. The market is already very overheated, and the dollar is catastrophically oversold. Even good US data can’t bring market participants to their senses. We watched the single European currency steadily go up for almost the entire day. It took some time […]

GBP/USD Analysis: The dominant bullish trend of the British pound led the quotes to the area of strong resistance on a large scale. Since the end of July, the price forms a flat correction along its lower border, which resembles a “pennant” in shape. Forecast: Today, the flat mood of the pair’s movement is expected […]

USDCAD has been trading bearish for five consecutive weeks but this time the price is in a sensitive territory, near a long-term supportive trendline that has been rejecting negative corrections since September 2017. Hence, it would be interesting to see if this is the area in which the pair can stage a much-needed recovery or trigger another bearish […]

USDCAD has been trading bearish for five consecutive weeks but this time the price is in a sensitive territory, near a long-term supportive trendline that has been rejecting negative corrections since September 2017. Hence, it would be interesting to see if this is the area in which the pair can stage a much-needed recovery or trigger another bearish […]

Overview: The EUR/USD pair faced strong support at the level of 1.1719 because resistance became support. Consequently, the strong resistance has already faced at the level of 1.1871 and the pair is likely to try to approach it in order to test it again. The level of 1.1814 represents a weekly pivot point for that […]

Overview: The EUR/USD pair faced strong support at the level of 1.1719 because resistance became support. Consequently, the strong resistance has already faced at the level of 1.1871 and the pair is likely to try to approach it in order to test it again. The level of 1.1814 represents a weekly pivot point for that […]

“The number of unemployed in the United States will certainly return to previous values in August this year, and in the third quarter is likely to grow by 20% or more due to the gradual recovery of the economy from recession,” said White House economic adviser Larry Kudlow on Thursday. Kudlow said that economic recovery […]

“The number of unemployed in the United States will certainly return to previous values in August this year, and in the third quarter is likely to grow by 20% or more due to the gradual recovery of the economy from recession,” said White House economic adviser Larry Kudlow on Thursday. Kudlow said that economic recovery […]