USDCAD ended last week around 1.34 finding some support buyers at the end of it moving off the lows at 1.3330. Looking at the weekly chart we observe similar price action the last times USDCAD was trading between 1.33-1.34. Yellow rectangle -weekly support USDCAD has reacted bullishly three times to far at 1.33-1.3350 area. The […]

The euro/dollar pair today updated the next price highs on the background of rising European inflation and the general weakness of the US currency. On the wave of such optimism, traders tested even the 19th figure, impulsively overcoming price barriers. But they were unable to gain a foothold in this price area, apparently “scared” of […]

Minor operational scale (Daily) Dream and reality flights in July will continue in August? Or are we still waiting for a correction? Options for the development of the movement for #USDX vs EUR/USD & GBP/USD & USD/JPY (Daily) on August 1, 2020. ____________________ US dollar index From August 01, 2020, the movement of the dollar […]

Intermediate-term Technical outlook for the GBP/USD pair remains bullish as long as bullish persistence is maintained above 1.2265 (Previous Consolidation range Lower Limit) on the H4 Charts. On May 15, transient bearish breakout below 1.2265 (the depicted demand-level) was demonstrated in the period between May 13 – May 26, denoting some sort of weakness from […]

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. However, a few negative fundamental data from the U.S. […]

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 […]

GBPAUD made U-turn after printing a bullish hammer candle near a one-year low of 1.7693 last week. Since then, the price managed to take the 20- and 50-day simple moving averages (SMAs) out of its way, switching the short-term bias to a positive one. The positive momentum in the RSI, which is accelerating above its […]

The Reserve Bank of Australia is set to stand pat again when it announces its latest policy decision on Tuesday at 0430 GMT. As the Australian economy climbs out of its worst recession in decades, policymakers are not anticipated to feel the urge to act in July. However, with the country continuing to see an […]

It’s a huge week ahead, with the Reserve Bank of Australia and the Bank of England both announcing their rate decisions ahead of the all-important US employment data. For markets, the burning question is whether a decent payrolls report will be enough to halt the dollar’s relentless slide. The other variable that will impact most […]

Analyzing the current trading chart on the 4H time-frame, I found that there is symmetrical triangle chart formation in creation, which is sign that BTC is in period of contraction and that breakout should happen in next period. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – GBPAUD makes a […]

Technical outlook: USDCHF had dropped through 0.9056 levels during early hours of trade today. The currency pair is seen to be trading around 0.9090 levels at this point in writing and might have carved a meaningful bottom. Also note that a bullish pin-bar or hammer candlestick pattern is being produced on the daily chart as […]

News: Prior +0.3% Core CPI +1.2% vs +0.8% y/y expected Prior +0.8% Euro area inflation unexpectedly comes in at a beat and that is welcome news for policymakers for the time being. The bigger question of whether or not price pressures can improve amid the fallout from the virus crisis still remains but at least […]

Technical outlook: Silver has lagged behind its counterpart Gold and has not been able to print above $26.20 highs today. This is also a kind of bearish divergence which traders should remain watchful off. A potential top might just have been carved out at $26.20, and a break below $22.30 would certainly confirm that the […]

US strikes $2.1 billion coronavirus vaccine deal with Sanofi, GlaxoSmithKline The deal will see the firms provide the US government with 100 million doses of the corona virus vaccine, with the US to provide up to $2.1 billion for development, clinical trials, manufacturing and the delivery of the initial batch of doses. The US will […]

The current trading week is coming to an end. If we review all the movement starting from the beginning of the week, we will see that the change in the medium-term downward trend is no longer something theoretical, but rather a fact in the market. The breakout of quotes in the area of 1.1550 / […]

Technical outlook: Gold has print yet another high today at $1,984.22 levels before pulling back. The yellow metal is trading around $1,973.00 levels at this point in writing and is expected to carve a meaningful top anytime soon. A break below $1,939.36 would confirm that Gold has carved a top and is heading lower. Immediate […]

Technical outlook: USDJPY has dropped to 104.18 levels today and might have carved a meaningful bottom today. The currency pair is seen to be trading around 104.67 levels at this point in writing and is expected to produce a bullish reversal here. USDJPY is carving a potential pin-bar candlestick pattern on the daily chart, which […]

EUR/USD has resumed its upside movement and now is traded at 1.1861 level, the next major upside targets are seen at the 1.19 and at the 1.20 levels. The pair is traded far above the uptrend line, so the outlook is bullish, EUR/USD could climb higher, towards new highs as long as it stays within […]

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GBPUSD advanced considerably to an almost five-month high of 1.3142 during Thursday’s session, posting six green candles in a row in the 4-hour chart. The MACD oscillator is strengthening its momentum above its trigger and zero lines, however, the RSI is flattening in the overbought territory, indicating a possible downside retracement. The Ichimoku indicators and the short-term moving averages (SMAs) are still […]

The US 100 stock index (cash) drifted higher and above the previous peak of 10,743 on Thursday, hinting that it is not ready to give up its positive trajectory yet. The 10,950 resistance level is keeping the bulls busy in the four-hour chart today. Should it fail to hold, the index could advance towards its […]

EUR/USD: The single European currency is ready for a deep correction. Buying will be considered from a strong pullback from the level of 1.1700 and below. Selling, on the other hand, will be considered from the last high with a stop of 45 pips. The material has been provided by InstaForex Company – www.instaforex.com Related […]

The volatility of oil demand is one of the reasons for the coronavirus spread. There is a risk of additional restrictive measures, as new outbreaks of the disease have been fixed in the United States, India, and China. The timing of economic recovery directly depends on the pandemic, the head of the US Federal Reserve […]

Technical outlook: GBPUSD has continued its rally through 1.3144 levels today before slipping lower. The currency is back to 1.1335 levels at this point in writing and might be looking to push through 1.3200 resistance going forward. It is not mandatory for GBPUSD to clear 1.3200 before reversing lower again but probabilities remain high. On […]

EUR / USD On July 30, the EUR/USD pair gained about 60 pips and thus, continues to build the supposed wave 3 in 5 in C in B, which takes on a very complex and extended form. But at the same time, there are still no signs of completion of this wave. You should be […]