The EURUSD pair has been moving-up since the pair has initiated the depicted uptrend line on May 25. On June 11, a major resistance level was formed around 1.1400 which prevented further upside movement for some time and forced the pair to have a downside pause. Recently, the EURUSD demonstrated an ascending wedge around the […]

On March 20, the EURUSD pair has expressed remarkable bullish recovery around the established bottom around 1.0650. Shortly after, a sideway consolidation range was established in the price range extending between 1.0770 – 1.1000. On May 14, evident signs of Bullish rejection as well as a recent ascending bottom have been manifested around the price […]

Since April, the GBPUSD has been moving sideways within the depicted consolidation range extending between (1.2265 – 1.2600)On May 15, transient bearish breakout below 1.2265 (consolidation range lower limit) was demonstrated in the period between May 13 – May 26, denoting some sort of weakness from the ongoing bullish trend. However, immediate bullish rebound has […]

According to the newly released US weekly jobs report, the new claims for benefits amounted to 960 000 against the forecast of 1.2 million. As seen in the chart, the euro rolled back on the data exactly from the trend line. EURUSD: Growth has not been canceled yet. You may keep purchasing from 1.1810. Those […]

The pound sterling continues to cling to recent gains amid weak greenback despite the UK’s record-breaking economic decline. According to Keith Jax, strategist at Societe Generale, the GBP / USD rate is still determined by the dynamics of the US dollar, and not by the UK statistics. From the data released the day before, in […]

The price of gold jumped sharply on Thursday and was able to finally exceed the strategically and psychologically important level of $ 1,900 per troy ounce. The drivers of this growth remain to be the weakness of the US dollar, as well as hopes for even greater growth after overcoming the cherished level. This means […]

GBPAUD adopted a sideways mode after a fresh high of 1.8404, creeping into the Ichimoku cloud where it found some positive footing on the floor of the cloud at 1.8174. The horizontal demeanour of the Ichimoku lines and the 50-period simple moving average (SMA) suggest a ranging market could hold for a while longer. Nevertheless, […]

AUDUSD has been flirting with the 200-weekly simple moving average (SMA) around 0.7240 for the past fortnight while struggling to surpass the 61.8% Fibonacci of the 0.8135-0.5701 downtrend at the same time. The last time the price touched the long-term SMA was in 2018. The pair violated the 2018 downward pattern and increased the odds for further […]

Asian stock markets showed mostly positive dynamics on Thursday following the growth of stock indicators in the US markets which was mainly due to an increase in the value of securities of companies in the technology sector. The positive emotions of market participants were primarily associated with the news about the possible imminent appearance of […]

CHFJPY is advancing to an almost two-year high of 117.47 with strong momentum, confirmed by the rising 20– and 40-day simple moving averages (SMAs). The RSI indicator seems to be taking a turning point near the overbought level. However, the MACD is still extending above the trigger and zero lines. A positive run above today’s high could challenge the 118.05 – 118.55 […]

According to the US Treasury Department, the US Treasury deficit fell to $63 billion in comparison with $120 billion in the same month last year. The drop in the deficit was facilitated by a significant increase in budget revenues caused by the postponement of tax payments due to the COVID-19 pandemic. However, in the coming […]

On the eve of the largest auction of 10-year US government bonds in history, investors sold $ 38 billion in Treasuries, which helped to increase bond yields and strengthen the greenback. However, as soon as the United States issued government debt with a relatively high yield, traders invested in bonds, which led to a decrease […]

Description: Price holding above both moving average and ascending trendline support. A further push up above 1st support at 80.487 towards 1st resistance at 81.070 can be expected. Trading Recommendation Entry: 80.487 Reason for Entry: Ascending trendline support, 38.2% Fibonacci retracement Take Profit: 81.070 Reason for Take Profit: -27.2% Fibonacci retracement Stop Loss: 80.292 Reason […]

Description: Price is testing our first resistance in line with the trend line, 50% fibonacci retracement and 61.8% fibonacci extension where we could see a reversal below this level. Trading Recommendation Entry: 1.82457 Reason for Entry: trend line, 50% fibonacci retracement and 61.8% fibonacci extension Take Profit: 1.80843 Reason for Take Profit: Horizontal pullback support, […]

Description : Price is facing bearish pressure from our downside confirmation, 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: […]

Further Development Analyzing the current trading chart, I found that BTCis still at the Middle of the Bollinger bands with the potential for the re-sell. Key Levels: Resistance: $11,650 Support level: $11,140 and $10,565 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBPAUD is testing resistance, potential reversal! August 13, 2020 Description: […]

Comments by China’s vice commerce minister This reaffirms the message from the end of last week here, as both sides are reportedly preparing for talks later this week to assess the Phase One trade deal. The message from China above also relates to recent measures taken by the US against WeChat and TikTok, in which […]

Comments by China’s vice commerce minister This reaffirms the message from the end of last week here, as both sides are reportedly preparing for talks later this week to assess the Phase One trade deal. The message from China above also relates to recent measures taken by the US against WeChat and TikTok, in which […]

The next round of Brexit talks will take place in Brussels next week Negotiators will kick things off with a dinner on 18 August at 1700 GMT, before talks continue through the week and they will wrap things up on 21 August. After that, we can generally expect the usual press conferences from Frost and […]

The EUR/USD pair continues to follow the trajectory of the side channel 1.1700 / 1.1910, where once again the area of 1.1700 / 1.1720 played the role of support, returning the quote above the level of 1.1800. The area of 1.1700 / 1.1910 was a platform for unloading long positions, which since the beginning of […]

Analysts say that the New Zealand dollar may collapse under the pressure of negative factors. They fear the sharp collapse of the “Kiwi”, which has recently stumbled on the verge of collapse due to new COVID-19 outbreaks. It should be noted that on Tuesday, August 11, four cases of COVID-19 were recorded in New Zealand, […]

Analysts say that the New Zealand dollar may collapse under the pressure of negative factors. They fear the sharp collapse of the “Kiwi”, which has recently stumbled on the verge of collapse due to new COVID-19 outbreaks. It should be noted that on Tuesday, August 11, four cases of COVID-19 were recorded in New Zealand, […]

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EURUSD appears to have consolidated its advancements between 1.1695 and 1.1915, despite existing positive signals. In the meantime, the price is engaging the Ichimoku clouds upper band at 1.1842, while the 50-period simple moving average (SMA), the cloud and Ichimoku lines, sponsor a horizontal bias. Nonetheless, the short-term oscillators and the bullish tone of the […]

USDCHF has been in a slightly descending movement since August 3 with strong support level at the 0.9050 barrier. Currently, the price is holding beneath the 20- and 40-period simple moving averages (SMAs) and the Ichimoku cloud, however, the technical indicators are suggesting a rebound. The RSI is pointing marginally up in the negative zone, […]