AUD/USD The Australian dollar gained 36 points yesterday thanks to the general weakening of the greenback – the US dollar index lost 0.28%. The price approached the lower border of the target range of 0.7190-0.7225 this morning. The signal line of the Marlin oscillator has turned up, but not so much as to stimulate the […]

USD/JPY The dollar-yen pair dropped 24 points on Tuesday, which we regard as a technical correction after the previous growth of 230 points in two days. At the moment, the price is supported by the embedded line of the price channel. Pinning it below will open the 104.60 target again. The Marlin oscillator is moving […]

GBP/USD 1H The GBP/USD pair continued to adjust on Tuesday and managed to overcome the upward trend line as a result. Thus, we can state that buyers have taken a pause for some time and now the hour of bears has come. However, after overcoming the upward trend line, sellers almost immediately lost their positions […]

Trading Recommendation Entry: 1.57291 Reason for Entry: Horizontal overlap resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension Take Profit: 1.56199 Reason for Take Profit: 161.8% fibonacci extension Stop Loss: 1.58053 Reason for Stop Loss: Horizontal swing high resistance, 38.2% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:BTC analysis for August […]

EUR/USD 1H The euro/dollar pair, after an unsuccessful attempt to overcome the support area of 1.1702-1.1727, rebounded off it, rose to the Kijun-sen line, rebounded from it and resumed its downward movement, returning to the 1.1702-1.1727 on the hourly timeframe on August 4. However, the second attempt to overcome the indicated support area was unsuccessful, […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 31.5276 The British pound, as well as the euro, continued to fall on Tuesday, August 4. In fact, this is exactly the scenario we predicted for the pair, since in […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – sideways. CCI: 2.8309 The EUR/USD currency pair started moving upward after trying to overcome the moving average line yesterday. However, already in the US trading session on Tuesday, it again rushed down. […]

Buyers and sellers of the euro-dollar pair entered a new phase of their opposition. The coronavirus factor has recently played against the US dollar, whereas European countries, one after another reported a decrease in the number of cases and even a complete victory over COVID-19 (for example, Montenegro). The situation continues to worsen in the […]

EURUSD: A local range has been formed. The most profitable option is to enter a breakout of the range boundaries. You may consider purchases from 1.1810 with a stop at 1.1765, and profit at 1.1910. Sell from 1.1690, stop at 1.1735, profit at 1.1590. The material has been provided by InstaForex Company – www.instaforex.com Related […]

The pound sterling has managed to recoup almost all of the losses it suffered against the US dollar following a sell-off in the midst of the pandemic panic in March. Its recovery has been particularly impressive in recent weeks. In July, the GBP / USD pair showed the strongest monthly growth in the last ten […]

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 […]

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 […]

A predominant rise was recorded on the Asia-Pacific stock exchanges on Tuesday. The main indicators were encouraged by the rapid growth of their American counterparts, which made them also move to positive dynamics almost everywhere (with rare exceptions). It should be borne in mind that the growth of American indices was provided by statistics on […]

USDCAD appears to have adopted a neutral nature around the lower levels of the last two months, confined between 1.3330 and 1.3459. The flattening out of the 50-period simple moving average (SMA) and the Ichimoku lines further reflect this view of weak directional momentum. The short-term oscillators suggest conflicting signals of momentum. Although the RSI […]

EUR/USD On August 3, the euro/dollar pair lost around 20 basis points. Judging by a pullback from the reached highs, it is highly possible that the pair finished the formation of waves 4, 5, C, B. If it is true, the quote may continue rising within waves 4, 5, C, B. Thus, the pair will […]

Minute operational scale (H4) How will the battle for metal take place in the first decade of August? – Review of options for the movement of Gold & Silver on August 5, 2020. ____________________ Spot Gold The development of the Spot Gold movement from August 5 2020 will depend on the development and direction of […]

The Bank of England is getting ready for ‘Super Thursday’ this week when it inundates investors with its meeting minutes, the latest outlook report and a press conference on top of its policy decision. But having already beefed up its quantitative easing (QE) programme at the last meeting in June, the Bank is not expected […]

EURCHF remains confined between 1.0837 and 1.0733 as it consolidates above the 200-day simple moving average (SMA), something also reflected in the flattened Ichimoku lines and cloud. The pair’s recent weakening in this section is further mirrored in the short-term oscillators. The MACD, some distance in the positive region, has dipped below its red signal […]

Political disagreements about the aid plan and a bleak US economic prospect are pushing the US dollar down. In the US, the spread of the coronavirus has finally slowed down and manufacturing activity is on the rise. However, investors are wondering if the US economy, with 30 million jobless people, can truly spearhead the world’s […]

Dollar rallies after a sharp decline amid various problems in the United States. On Monday, the USD index rose steadily ahead of the release of US manufacturing PMI, but then pulled back from daily highs on the grounds of these reports. This is because the report published by ISM indicated that in July, the US […]

When major producing countries start to increase production, and the tense epidemiological situation makes the prospects for global demand dim, oil should fall. But it doesn’t fall. Why? Perhaps the weak US dollar is to blame, limiting the desire of the “bears” for Brent and WTI to go on a counterattack? Or are the reasons […]

As I discussed in the previous review, the BTC is still in contraction and waiting for the breakout mode. The Bollinger bands started to contract and we got defined trading range between the $11,500 (resistance) and $10,900 (support) Further Development Analyzing the current trading chart, I found that there is potential for the range expansion […]

ECB’s Lane: ECB is committed to providing stimulus needed to support the economic recovery Overall PEPP envelope is a core determinant of ECB’s policy stance There is some rebound in economic activity But level of economic slack remains extraordinarily high The outlook remains highly uncertain Inflation outlook plays the central role in determining appropriate policy […]

To open long positions on GBPUSD, you need: The lack of fundamental statistics and confidence of buyers again led to the formation of a sell signal for the British pound in the first half of the day from the level of 1.3100. An unsuccessful attempt to break above this range formed a good entry point […]