There are signs that GBP/JPY will take off for a strong rally in the wave 3. On the other side, a possible impulsive pattern from 135.35 is not clear yet, which provides additional opportunities. It could also be a leading diagonal. If it is a leading diagonal, we may see a deeper correction closer to […]

EUR/JPY has dipped just below the 122.25 corrective target. We expect the support area between 122.13 – 122.25 will continue to protect the downside for a breakout above minor resistance at 122.42 and, more importantly, above resistance at 123.00 that confirms the next impulsive rally towards 124.14 and higher. Only an unexpected breakout below 121.62 […]

EUR/JPY has dipped just below the 122.25 corrective target. We expect the support area between 122.13 – 122.25 will continue to protect the downside for a breakout above minor resistance at 122.42 and, more importantly, above resistance at 123.00 that confirms the next impulsive rally towards 124.14 and higher. Only an unexpected breakout below 121.62 […]

USDCHF is approaching resistance where we might be seeing a drop below this level. Entry: 0.9904 Why it’s good : Horizontal pullback resistance, 61.8% Fibonacci extension, 61.8%, 38.2% Fibonacci retracement Stop Loss : 0.9955 Why it’s good : Horizontal pullback resistance, 78.6% Fibonacci retracement Take Profit : 0.9817 Why it’s good: Horizontal overlap support The […]

Price is at support where a potential bounce to its resistance could occur. Entry : 0.6672 Why it’s good : 23.6% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support Stop Loss : 0.6606 Why it’s good : 61.8% Fibonacci extension Take Profit : 0.6721 Why it’s good : 50% Fibonacci retracement, horizontal overlap resistance The […]

Price is bouncing up 1st support at 108.118, a bounce could occur. Entry :108.118 Why it’s good : 23.6% Fibonacci retracement Horizontal pullback support 61.8% Fibonacci extension Take Profit : 108.73 Why it’s good :horizontal swing high resistance 61.8% & 50%Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com

USD / JPY pair On the daily scale chart, the price rises upward after convergence along with the Marlin oscillator and the signal line moves to the growth zone. However, the price increase turned out to be excessively strong on Monday. Even a gap was formed that greatly complicates the further movement of the currency […]

According to the survey, production activity in the eurozone declined last month more than previously thought. Pessimistic data is likely to strengthen the position of those who require the ECB to ease monetary policy. In June, the total index of purchasing managers (PMI) from IHS Markit was 47.6 points, which is lower than the previously […]

Minor (Daily) operating scale Let me bring to your attention a comprehensive analysis of the movement options for the development of the EUR / USD vs USD / JPY vs EUR / JPY movement for July 2019 on the Minor (daily timeframe) operational scale. ____________________ Euro vs US Dollar For July 2019, the movement of […]

The desire of the United States and China to make concessions and resume trade negotiations was perceived positively by the markets. Donald Trump promised to suspend the process of imposing sanctions. In addition, the US allowed Chinese Huawei to buy its technology, with the exception of strategic products associated with the G5 network. China, in […]

The exchange rate of the US currency is growing in relation to the majority of its main competitors against the background of the fact that over the past weekend the United States and China reached an agreement on the resumption of trade negotiations. “The market’s positive reaction to the results of the meeting of the […]

The Australian dollar paired with the US currency overcame the key resistance level of 0.7000 at the end of last week, demonstrating a strong upward momentum. For two weeks, the pair grew steadily, rising from an annual low of 0.6838 to a local peak of 0.7027. But the bulls did not manage to stay at […]

4-hour timeframe The amplitude of the last 5 days (high-low): 59p – 112p – 45p – 63p – 72p. Average amplitude for the last 5 days: 70p (77p). on Monday, June 27, the British pound sterling also fell against the US currency, as the index of business activity in the UK dropped compared with May […]

The S&P 500 closed at a new all-time high today, the only major US stock average to do so.
The Dow Jones Industrial Average closed at 26,717, up 117 points.
The S&P 500 closed at 2964, up 22 points.
https://bit.ly/31Nha9f

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Since May 17, the depicted sideway consolidation range has been established between 1.2750 – 1.2570 with a prominent key-level around 1.2650. On June 4, temporary bullish consolidations above 1.2650 were demonstrated for a few trading sessions. This enhanced the bullish side of the market towards 1.2750 (consolidation range upper limit) which has been preventing further […]

The Organization of Petroleum Exporting Countries (OPEC) is meeting in Vienna, and the latest headlines suggest a nine-month extension of the existing production cuts is nearly certain. With OPEC’s output plans now clear, oil prices will take their cue from how the US-China trade talks and the situation with Iran unfold. Trade optimism may keep […]

The Organization of Petroleum Exporting Countries (OPEC) is meeting in Vienna, and the latest headlines suggest a nine-month extension of the existing production cuts is nearly certain. With OPEC’s output plans now clear, oil prices will take their cue from how the US-China trade talks and the situation with Iran unfold. Trade optimism may keep […]

Bitcoin gained bearish momentum which pushed the price to the level below $10,500. The price may decline towards the psychological area of $10,000 in the short term. The Bitcoin market has been stronger than ever, but its price is following the bearish bias inside the long-awaited correction. At the weekend, the market siggested the scenario […]

Bitcoin gained bearish momentum which pushed the price to the level below $10,500. The price may decline towards the psychological area of $10,000 in the short term. The Bitcoin market has been stronger than ever, but its price is following the bearish bias inside the long-awaited correction. At the weekend, the market siggested the scenario […]

EURUSD has pulled back towards 1.13 as expected and explained in our past analysis. EURUSD could continue lower towards 1.1260 before it resumes its up trend. As long as price is above 1.1250 bulls will remain in control of the trend. Red rectangle – support area Green line – major support trend line EURUSD is […]

EURUSD has pulled back towards 1.13 as expected and explained in our past analysis. EURUSD could continue lower towards 1.1260 before it resumes its up trend. As long as price is above 1.1250 bulls will remain in control of the trend. Red rectangle – support area Green line – major support trend line EURUSD is […]

Gold price has broken below support of $1,400 and as we explained last week, it was vulnerable to a new downward wave towards $1,380-70 area. Price has reached our short-term downside target and important short-term support trend line. Red rectangle – support Blue rectangle – target Green line support trend line Gold price has reached […]

Industry news: European Central Bank (ECB) Governing Council member Klass Knot crossed the wires in the last minutes, reiterating that it was indisputable that inflation was still too low and the bank was determined to act if there were adverse scenarios. “We are still suffering from prolonged uncertainty,” said Knot and added that the outlook […]

Industry news: European Central Bank (ECB) Governing Council member Klass Knot crossed the wires in the last minutes, reiterating that it was indisputable that inflation was still too low and the bank was determined to act if there were adverse scenarios. “We are still suffering from prolonged uncertainty,” said Knot and added that the outlook […]

CADJPY opened a gap up today, climbing above the 82.60 barrier and meeting the 50.0% Fibonacci retracement level of the downfall from 89.25 to 76.60 near 82.90. Having a look at the momentum indicators, the RSI is sloping up near the overbought threshold and the MACD is strengthening its momentum above trigger and zero lines. […]