Trading Recommendation Entry: 136.112 Reason for Entry: Ascending trend line, 23.6% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap support Take Profit: 137.060 Reason for Take Profit: 127.2% fibonacci retracement Stop Loss: 135.688 Reason for Stop Loss: Horizontal swing low support, 50% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 134.8997 Recently, we often write about the fact that a “cold war” is brewing between China and the United States. However, we should not forget that the UK also has […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 107.9624 The EUR/USD currency pair maintains the prospects of an upward movement. However, the technical picture now does not raise any questions, unlike the fundamental picture of the state of […]

Trading Recommendation Entry: 0.71713 Reason for Entry: Ascending trendline support, moving average, 23.6% Fibonacci retracement Take Profit: 0.72191 Reason for Take Profit: -27.2% Fibonacci retracement Stop Loss: 0.71489 Reason for Stop Loss: 61.8% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – EURGBP rests near 38.2% Fibo;… July […]

The national currency of Great Britain continues to feel confident enough against the background of the weakening of the US dollar. The sterling value is approaching the strategically important level of 1.30 dollars per pound. This morning, the sterling jumped again and managed to gain 0.3% against the US dollar. However, the pound did not […]

The results of the July meeting of the US Federal Reserve will be announced today. Perhaps this is the central event of the current week, especially since this meeting will most likely not be a “pass-through”. Recent events in the US suggest that the country’s economy will recover at a slower pace than previously expected, […]

Google parent, Alphabet Inc., is expected to announce a drop in second quarter revenue when it publishes its earnings results on Thursday after the market close. The slump in online advertising brought on by the coronavirus pandemic probably dealt a blow to Alphabet’s largest revenue stream in Q2. But with the Company continuing its efforts […]

Facebook Inc. rescheduled its Q2 earnings release and conference call for Thursday after the market close, joining other high-profile tech companies which will be reporting financial results on the same day. The event will follow Zuckerberg’s testimony before the House Judiciary Committee on Wednesday and is expected to reveal a weaker quarter for the social media giant. […]

EURGBP has been in an ascending channel since April 30 but is currently testing the 20-day simple moving average (SMA) and the 38.2% Fibonacci retracement level of the up leg from 0.8275 to 0.9500 at 0.9035. The momentum indicators are suggesting a possible downside pullback as the RSI is meeting the 50 level and the […]

GDP data out of the Eurozone on Thursday and Friday are expected to show the continent is facing its worst economic crisis since the second world war. Yet, the euro is looking the most bullish against the US dollar in a very long time. A strong stimulus response, combined with relative success in bringing the […]

Gold maintains a horizontal trajectory pressed below the all-time high of 1,981 but is still in a strong bullish mode in the long-term picture.  A paused state of directional momentum is reflected in the Ichimoku lines as the price rests near the red Tenkan-sen line. The mixed signals in the short-term oscillators further reflect the stall in the price. The […]

Dollar finds support from stalled stimulus talks amid splits in Congress Stocks struggle on poor earnings, stimulus delay; gold pauses rally Fed might bring some cheer if it reinforces dovish message Fiscal cliff worries mount as talks drag on Fears that the United States could be headed for a fiscal cliff undermined investor sentiment on […]

NZDUSD pierced the 0.6700 whole number before inching down on Tuesday, stretching its upward pattern to an almost 8-month high. With the RSI having topped twice just below its 70 overbought mark, and the Stochastics shifting south from their 80 level, weakness is expected to persist in the short-term. If that is the case, the […]

USDJPY tumbled to a fresh 20-week low of 104.94 earlier today, completing the fifth negative session in a row. The price shifted the neutral picture to bearish in the short term, declining beneath the 61.8% Fibonacci retracement level of the up leg from 101.15 to 109.83 at 105.19. Further backing this short-term view are the […]

The world’s largest company by market cap will release its latest results on Thursday after Wall Street’s closing bell. The stakes couldn’t be higher as Apple’s shares have risen almost 30% this year despite falling earnings, so a lot of ‘hope’ is already priced in. Has the stock run too far ahead of fundamentals and […]

Facebook’s stock price retreated beneath the all-time high of 249.60, trading around the 50-day simple moving average (SMA). The upside picture faded in the very short term as the MACD oscillator dropped beneath its trigger line near the zero level, while the RSI is holding in the negative territory, suggesting some losses may be on cards. If […]

For several weeks in a row, analysts on both sides of the Atlantic have been talking about the impact of the weak dollar on the American economy. Many experts agree that US export-oriented companies dominate in the conditional list of beneficiaries. This idea has received another confirmation after the recently released forecast from market strategists […]

Although the market is full of rumors about the end of the era of the dominance of the US dollar, analysts at Barclays believe that the reserve status of the US dollar is now in no danger. Upon arguments, the bank’s experts cite the depth of the US capital markets, as well as the significant […]

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 […]

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 […]

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 […]

USDCHF is breaking to new short-term lows exiting a multi month upward sloping path it was in since December. The Dollar weakness is affecting this pair also and we expect the coming weeks to continue to see it under pressure in lower levels. Black lines- bullish channel USDCHF has sustained a big decline over the […]

The Mining News Flash features Fiore Gold’s second record quarter, Skeena Resources acquires 100% of Barrick’s Eskay Creek Mine and Treasury Metals shows top drilling results on the Goldlund discovery now working together with First Mining, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive […]

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FXTM Senior Research Analyst, Lukman Otunuga, rounds up all the key market events for this week and pinpoints what traders might be looking out for, including: • Stock markets lifted by stimulus hopes • Fed meeting & US GDP in focus • #Gold makes history by hitting all-time high For more Market Analysis read the […]