To open long positions on EURUSD, you need: In the morning forecast, I paid attention to the option of breaking through the level of 1.1777 and buying the euro above this range. There was even a good signal for entering long positions, but so far, there has not been a larger upward movement, and another […]

Latest data released by Eurostat Prior 0.6% PPI -3.7% vs -3.8% y/y expected Prior -5.0% Producer prices improved a little once again in June but are still largely subdued relative to a year ago. The data here is a proxy for inflation pressures in any case and is a lagging indicator, so not much else […]

Gold is trading at $1,976 and is expected to jump higher in the upcoming period. The price has climbed as much as $1,986 level, registering another all-time high. Personally, I would like to see a minor decrease, retreat, before the gold price resumes its uptrend, in this way we’ll have another buying opportunity. The yellow […]

GBP/USD remains strong in the short term despite the minor retreat. The minor drop was somehow natural after the impressive growth and because the USDX has recovered a little since Friday. The currency pair is trading below an important dynamic resistance, a valid breakout will validate another rally. GBP/USD is bullish, so you should search […]

Trading Recommendation Entry: 75.675 Reason for Entry: 61.8% Fibonacci retracement Take Profit: 75.329 Reason for Take Profit: Ascending trendline support, 61.8% Fibonacci retracement Stop Loss: 75.925 Reason for Stop Loss: Recent swing high The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD. August 4. COT report. Americans will not… August 4, 2020 […]

Trading Recommendation Entry: 1.3381 Reason for Entry: 61.8% fib retracement Take Profit :1.3449 Reason for Take Profit: Horizontal swing high Stop Loss:1.3331 Reason for Stop loss: Horizontal swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USDCAD approaching support, possible bounce ! August 4, 2020 Trading RecommendationEntry: 1.3381Reason for Entry: 61.8% […]

Trading Recommendation Entry: 1.3381 Reason for Entry: 61.8% fib retracement Take Profit :1.3449 Reason for Take Profit: Horizontal swing high Stop Loss:1.3331 Reason for Stop loss: Horizontal swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USDCAD approaching support, possible bounce ! August 4, 2020 Trading RecommendationEntry: 1.3381Reason for Entry: 61.8% […]

Trading Recommendation Entry: 106.554 Reason for Entry: Horizontal pullback resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension Take Profit: 105.120 Reason for Take Profit: 61.8% fibonacci retracement, Horizontal pullback support Stop Loss: 107.330 Reason for Stop Loss: Horizontal swing high resistance, 76.4% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD […]

Today we take a look at EURUSD and see how we are going to play the bounce! We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today! The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Forex News: 04/08/2020 – Nasdaq conquers new heights… […]

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EUR / USD Yesterday, the pair executed a downward correction to the daily short-term trend. Now, the daily Tenkan which is located at 1.1725 today, is joining forces with the passed and tested levels of the weekly target (1.1695 – 1.1813) and the monthly Senkou Span A (1.1740). The accumulation of levels can reflect its […]

S&P 500 daily chart A new attempt at growth can be seen – major players drive the market to the highs of the year, planning to force the shortists to take stops. There is no reasonable sense for the market to rise from these levels – the economy is in a bad state, unemployment is […]

Good day, dear traders! At yesterday’s trading, the GBP/USD currency pair showed multidirectional price dynamics, but still ended Monday’s session with minor losses. We will return to the analysis of price charts later, but for now we will briefly discuss the fundamental background and the unfortunate pandemic of a new type of coronavirus infection. Yesterday’s […]

Another drop in new COVID-19 cases has been observed especially in Brazil, which recorded a sharp decrease to below 20 thousand a day. Meanwhile, India is still at above 50 thousand new infections a day and does not fall, but fortunately, mortality in the country is below 1,000 a day. EUR/USD: The euro is consolidating […]

EUR/USD is struggling to stay higher even if the price has developed a bearish engulfing pattern on the Daily chart. It is trading at 1.1788 level and it continues to pressure the near-term major resistance levels. The pair has managed to recover today after the last two session’s drop as the US Dollar Index has […]

The August meeting of the Reserve Bank of Australia was “passing”: the regulator did not panic about the outbreak of coronavirus in Victoria (although it noted this fact in its accompanying statement), maintaining a “moderately optimistic” attitude. Considering the recent macroeconomic and “coronavirus” events, many experts were confident that the RBA would voice more “dovish” […]

The pound/dollar currency pair, in the phase of a pullback from the local maximum of 1.3169, managed to return to the area of the psychological level of 1.3000, where a slowdown occurred on a systematic basis and, as a result, the price rebounded in the opposite direction. In July, we had 165 points of pullback […]

The higher-than-forecast pace of recovery in manufacturing activity in Europe and the US supports the positive at the beginning of the week. The final PMI in the Euro zone reached 51.8, improving the preliminary data, this is the first expansion in a year and a half, and the US ISM rose to 54.2p, the highest […]

The continuation of an upward trend in risk assets remains unclear, as last month there was a surge in volatility in favor of the US dollar. But even if so, it is unlikely that such will affect the global downward trend of the US dollar, which will continue amid global economic recovery. The current rise […]

GBP/USD Analysis: The upward wave that started in March sets the direction of the British pound’s trend. The high wave level of the ascending section from June 29 allows us to classify it as a wave of the main trend. The price has reached the lower limit of the preliminary target zone. The pair’s quotes […]

Hello, dear colleagues! On the first day of trading this week, the US dollar strengthened against all major competitors, with the exception of the Canadian dollar. However, the strengthening of the US currency was ambiguous and of different scales. We will talk about this in more detail in the technical part of the review, but […]

EUR/USD – 1H. Hello, traders! On August 3, the EUR/USD pair continued the process of falling in the direction of the first upward trend line, but before reaching it, it performed a reversal in favor of the EU currency and began a weak growth process. Thus, until now, the mood of traders is characterized as […]

GBP/USD – 1H. Hello, traders! On the hourly chart, the quotes of the GBP/USD pair fell to the lower border of the ascending trend corridor. Rebounding from this boundary allows traders to expect a resumption of the growth process. The current mood of traders continues to be characterized as “bullish”. At the same time, there […]

Overview: Yesterday, the EUR/USD pair reached a new minimum at the price of 1.1768. So, today the price may reach one more minimum around the spot of 1.1725, which coincides with the ratio of 50% Fibonacci Expansion. Today, the EUR/USD pair is challenging the psychological resistance at 1.1768. So, the resistance is seen at the […]

At first glance, the market did not behave quite adequately yesterday. Especially if you look at the time interval between the release of European and US data. The fact is that, despite the release of good data on the euro area, after a short delay, the single European currency resumed to fall. Most likely, this […]