Hourly chart of the EUR/USD pair The EUR/USD currency pair continued to move down at night trading on Wednesday. Yesterday evening we recommended trading down, but called for being careful with night deals, not forgetting to set Stop Loss and Take Profit. As it turned out in the morning, these precautions were in vain. The […]

GBP/JPY should soon test the ideal target for blue wave iii at 140.35 from where a minor correction/consolidation closer to 139.10 and maby even closer to 137.92 is expected. Short-term minor support at 138.62 should be able to protect the downside for the expected pop to 140.35 to complete blue wave iii and set the […]

EUR/JPY rallied to test short-term resistance at 125.43 but failed to break thought that level. It is likely to set for a second leg lower towards 124.00. Because of the larger than expected rally to 125.50, the second leg may hit 123.78 before the next impulsive rally through the former peak at 125.59 towards 127.23 […]

EUR/USD The euro and other counterdollar currencies rallied during the first half of Tuesday, on what appears to be profit taking in the first short sales since Friday. The ZEW economic sentiment index in Germany jumped from 59.3 to 71.5 in August against expectations of 58.0 points. The index was higher only in February 2004 […]

GBP/USD The British pound managed to work with the 50.0% Fibonacci level on the daily chart yesterday, after which it fell to the 61.8% level reached today in the Asian session. Now the pound is faced with the task of working with the 76.4% Fibonacci level at the price of 1.2912, after which, consolidating below […]

AUD/USD The Australian dollar took advantage of the temporary weakness of the US dollar and tested the resistance at 0.7190 on Tuesday, after which it turned down and ended the day with a 6-point loss. As before, the price is faced with the task of overcoming the support at 0.7070, to which the MACD line […]

USD/JPY The dollar-yen pair became yesterday’s leader, gaining 53 points. The price stopped in the target range of 106.60/80. The resistance is complex – the MACD line and the embedded price channel line of the higher timeframe are in this range. A strong exit of the Marlin oscillator into the zone of positive values gives […]

GBP/USD 1H The GBP/USD pair continues to move quite strangely on August 11, completely ignoring the Kijun-sen line, which is important and strong. As of today, we are forced to state that buyers failed to go above the 1.3169 level, and sellers failed to continue moving down after overcoming the critical line. Thus, there is […]

GBP/USD 1H The GBP/USD pair continues to move quite strangely on August 11, completely ignoring the Kijun-sen line, which is important and strong. As of today, we are forced to state that buyers failed to go above the 1.3169 level, and sellers failed to continue moving down after overcoming the critical line. Thus, there is […]

GBP/USD 1H The GBP/USD pair continues to move quite strangely on August 11, completely ignoring the Kijun-sen line, which is important and strong. As of today, we are forced to state that buyers failed to go above the 1.3169 level, and sellers failed to continue moving down after overcoming the critical line. Thus, there is […]

EUR/USD 1H The technical picture for the euro/dollar pair has not changed much on the hourly timeframe of August 11. The pair traded between the Kijun-sen and Senkou Span B lines throughout the trading day, which are strong lines and are not easy to break through. Traders failed to do this on Tuesday. Thus, the […]

EUR/USD 1H The technical picture for the euro/dollar pair has not changed much on the hourly timeframe of August 11. The pair traded between the Kijun-sen and Senkou Span B lines throughout the trading day, which are strong lines and are not easy to break through. Traders failed to do this on Tuesday. Thus, the […]

EUR/USD 1H The technical picture for the euro/dollar pair has not changed much on the hourly timeframe of August 11. The pair traded between the Kijun-sen and Senkou Span B lines throughout the trading day, which are strong lines and are not easy to break through. Traders failed to do this on Tuesday. Thus, the […]

Hourly chart of the GBP/USD pair The technical picture for the GBP/USD pair is getting more complicated day by day. Since the pair’s quotes also failed to overcome their previous local high of 1.3169, we expect the pound to fall in the near future. Nevertheless, market participants have been buying the pair in recent days, […]

Hourly chart of the EUR/USD pair The EUR/USD pair began to correct upward again on Tuesday, August 11, which was signaled by the MACD indicator with an upward reversal at night. In fact, the correction began at night trading and did not stop throughout the day. Thus, novice traders did not receive a new sell […]

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 […]

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 […]

UK’s data on national economic growth is set to be published on Wednesday. This is a rather important event, which, as a rule, has a strong influence on the dynamics of the GBP/USD pair. Since last week, the pound has been demonstrating increased volatility, but it still cannot determine the direction of its movement. Starting […]

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 […]

Main indices in the US stock exchanges are still showing multidirectional movement on Tuesday. If the S&P 500 is growing rapidly to its maximum historical values, the Nasdaq, on the other hand, continues its negative correction. US President Donald Trump’s signing of the stimulus bill which bypassed Congress became the main vector of support for […]

The EURUSD pair prepares levels for a breakdown entry. You may consider purchases from 1.1810. Sell from 1.1720. Stops are 45 points, targets are at least 170 points in each direction. There was no significant news which is why the market was stagnant. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:NZD/USD. […]

The EUR/USD pair has been reaching new intraday lows for the fourth consecutive session. The downtrend strengthened after the bulls had made several unsuccessful attempts to settle above 1.1900. According to experts, a drop below 1.1700 will lead to a stronger decline, pushing the major currency pair to the level of 1.1650 and lower. “The […]

Germany 30 index (Cash) was deprived of additional gains after the index shot above the 100-period simple moving average (SMA), escaping a region where the SMAs had converged. The price appears to have retreated from a limiting level in-line with the upper surface of the Ichimoku cloud around 13,047. Looking at the relatively flattened SMAs, […]

GBPCAD faded further into the Ichimoku cloud and dropped below the 50-period simple moving average (SMA), following the retracement from the three-month high of 1.7673 peak. The Ichimoku lines suggest a temporary stalled picture in positive directional momentum. Nevertheless, signs of improvement are still evident in the rising SMAs and the stochastic oscillator. The rising […]

The UK 100 index created an impressive bullish run today, overcoming the 6185 barrier and returning quickly lower. The mixed signals in the short-term oscillators reflect a possible stall in the price. The MACD has barely inched above its red trigger line in the positive region, while the stochastic %K line promotes weakness as it […]