Research say that over the past 10 to 20 years, stocks of gold mining companies performed poorly compared to the price of gold. While prices rose by more than 250% since 2005, the HUI gold index has only risen by about 20%. This is because although prices were very high, the gold industry was not […]

Good day, dear traders! On the eve of major events, trading on the GBP/USD currency pair is quite uncertain. Market participants are still holding back from decisive actions, waiting for tomorrow’s decision on the interest rate from the British Central Bank and the comments of the Bank of England. The regulator is expected to make […]

Gold seems unstoppable after the aggressive breakout above $2,000 psychological level. The price has increased as much as $2,040.13 level, printing another all-time high. The yellow metal is strongly bullish, you don’t have to be surprised if the price approaches the $2,100 level. The USD’s depreciation, along with the COVID-19 crisis and the global risk […]

The EUR/USD currency pair, following the path of the corrective move from the high of 1.1900 (July 31), still managed to find a pivot in the area of the value of 1.1700, where the variable bumpiness in the range of 1.1700/1.1800 indicated the prevailing upward interest. As a result, the quote still managed to gain […]

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 […]

Greenback attempts comeback, but fails as bond yields plummet Gold salutes crumbling dollar and yields, hits new record above $2000 Stocks crawl higher as stimulus negotiations ‘move in the right direction’ Overall, bond market is saying something’s wrong, but stocks don’t mind Falling bond yields stop dollar rebound in its tracks Those hoping for a […]

Hello, dear colleagues! At yesterday’s trading, the main currency pair of the Forex market again showed an unwillingness to move in the south direction and trade under the significant level of 1.1700. Market participants continue to be wary of the US currency, as the outbreak of the COVID-19 pandemic in the US has not yet […]

EUR/USD – 1H. Hello, traders! The EUR/USD pair performed a new reversal in favor of the European currency on August 4 and resumed the growth process over the upward trend line, which remains in effect and continues to characterize the current mood of traders as “bullish”. So I can’t change my conclusions at the moment. […]

GBP/USD – 1H. Hello, traders! On the hourly chart, the quotes of the GBP/USD pair performed a close under the uptrend corridor, but almost immediately performed a reversal in favor of the British dollar and began a new growth process. However, I believe that the mood of traders at this time has changed to “bearish”. […]

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 […]

USDJPY is following a downward trajectory despite efforts to recoup recent losses, mirrored in the stalled blue Kijun-sen line and the improvement in the MACD oscillator. The negative direction appears to persist backed by the gradual declining simple moving averages (SMAs) and the unbroken bearish tone of the Ichimoku lines, with a falling red Tenkan-sen […]

Trend analysis (Fig. 1). The market may continue to move upward from the level of 1.1805 (closing of yesterday’s daily candle) with the target at the upper fractal 1.1910 (red dotted line). From this level, the upward trend may continue with the next target of 1.2101 – a 76.4% pullback level (blue dashed line). Fig. […]

The dollar is showing its weakness and vulnerability again. Uncertain attempts at correction end in failure – and we saw a similar failure during the Asian session on Wednesday. After a corrective growth to the 93.780 level, the dollar index turned around and actively began to fall to the bottom of the 93rd figure. Let […]

The yield of 10-year treasures declined to 0.505% on Wednesday, which is the lowest since March, and gold futures exceeded the level of $ 2,000 per ounce, and, obviously, the growth will not stop there. These two markers indicate that the short recovery from the March-April dip is nearing completion. Investors fear the development of […]

To open long positions on GBP/USD, you need: The bears actively defended 1.3100 for two days, and this was no exception yesterday. A good signal to open short positions formed from this range, which I discussed in more detail in my review. After the bears reached the support of 1.3012 in the afternoon, its breakout […]

To open long positions on EURUSD, you need: The signal that formed for buying in the morning did not bring more than 30 points of profit, but this cannot be said about sales, which could be observed at the beginning of the US session. I paid attention to them in my forecast, but let’s look […]

Trading Recommendation Entry: 0.66348 Reason for Entry: Intermediate support, 23.6% Fibonacci retracement Take Profit: 0.66627 Reason for Take Profit: -27.2% Fibonacci retracement Stop Loss: 0.66267 Reason for Stop Loss: Ascending trendline support, moving average support, 38.2% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – EURGBP halts decline […]

EURGBP could not sustain strength above the ascending trendline that seems to have adopted a resistance role following its downside violation, with the price retreating slightly below the 0.9000 level on Monday. The 38.2% Fibonacci of the 0.9497-0.8670 downleg came immediately to the rescue thereafter, helping the pair to rebound near 0.8980 and hold above […]

Trading Recommendation Entry: 75.92 Reason for Entry: 61.8% fib retracement Take Profit :76.75 Reason for Take Profit: Horizontal swing high Stop Loss:74.88 Reason for Stop loss: Horizontal swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD analysis for August 04 2020 – First upside… August 4, 2020 Latest data released […]

Technical Market Outlook: The EUR/USD pair has started to bounce towards the technical resistance zone located between the levels of 1.1790 – 1.1822 (61% Fibonacci retracement on weekly), but did not manage to break through yet. The momentum is neutral, but the market is coming off the oversold conditions, so the local up trend might […]

Crypto Industry Outlook: Among the uptrend in the cryptocurrency markets, Bitcoin’s market capitalization has surpassed some large publicly traded companies such as Intel and Coca-Cola. In the wake of the market boom in late July 2020, Bitcoin’s market capitalization increased significantly, exceeding the $ 200 billion threshold. The market capitalization of the largest cryptocurrency is […]

Crypto Industry Outlook: Chinese tech giant Tencent has unveiled its plan to create a Blockchain-based wine traceability platform in partnership with Changyu, China’s largest and oldest wine producer, local news reports. According to Changyu, the platform is designed to track every step of the wine production and sale process, including planting, brewing, distribution and management. […]

We continue to look for a final push higher to 140.35 to complete blue wave iii and set the stage for a temporary sideways correction in blue wave iv towards 137.92 before the pair will rise to 141.86 and possibly even closer to 144.29 as the next major upside target. Support is seen at 137.92 […]

We are still looking for one more push higher towards resistance in the 125.58 – 125.82 area to complete wave iii and set the stage for a temporary sideways correction. Once this wave iv correction is completed more upside pressure should be expected towards at least 127.25 and likely even closer to 129.26. Support is […]

EUR/USD The euro made an attempt to rise yesterday by attacking the target level of 1.1806. But the growth occurred with the declining Marlin oscillator on the daily chart, which indicates an imminent price reversal. In fact, we can speak with relative firmness about a reversal with a movement to the lower target level of […]