4-hour timeframe Another trading week ends on the currency market, and we summarize its results. First, consider the euro/dollar pair, which continues to trade higher, ignoring a huge number of fundamental and macroeconomic events. During the last trading day of the week, the upward movement did not continue, however, the downward correction did not begin. […]

Minor operational scale (Daily) Options for the development of the movement #USDX vs EUR/USD & GBP/USD & USD/JPY – Daily from July 27, 2020. ____________________ US dollar index From July 27, 2020, the movement of the dollar index #USDX will be determined by the development and direction of the breakdown of the boundaries of the […]

Minor operational scale (Daily) Options for the development of the movement #USDX vs EUR/USD & GBP/USD & USD/JPY – Daily from July 27, 2020. ____________________ US dollar index From July 27, 2020, the movement of the dollar index #USDX will be determined by the development and direction of the breakdown of the boundaries of the […]

USDCAD gave us a bearish signal when price broke down and out of the sideways trading range it was in. When price broke below 1.35 we called for a bearish signal. Now price is at 1.3420 after making a new low at 1.3350. Black lines – trading range USDCAD traders can now lower their stops […]

In the beginning of July we noted that the weekly resistance at 1.13 was very important and recapturing that level would open the way for a move much higher. Now at 1.16 we are in strong up trend having broken most long-term resistance trend lines and pushing through horizontal resistance levels. At 1.06 area we […]

Gold price has reached the $1,900 level. This is an important price level as Gold made it this far back in 2011 and then pulled back towards $1,040 area. Having reached this level again is very promising for the coming years. Even if price does not manage to hold this level in the short-term, I […]

EUR/USD On July 23, the EUR / USD pair gained about 20 basis points. Thus, the rise in the instrument quotes as part of the construction of wave 3 to 5 in C to B continues, and the wave itself takes a very extended form. The current wave counting has not undergone any changes in […]

Asia-Pacific stock markets on Friday moved to a reduction in key indicators due to the unceasing conflict between the US and China. Note that Japanese trading floors are still closed due to the holidays, so the main negative message was received by the Chinese exchanges. China’s Shanghai Composite index dropped significantly by 3.1%. The Chinese […]

Oil prices began to slowly rise on Friday. This movement is hardly noticeable, but the very fact of a change in the negative trend that has prevailed over the past two days is already a good sign, allowing us to hope for extremely positive forecasts that have been received earlier from analysts. The negative correction […]

Why do many people consider the EU economic and monetary union ineffective? The fact is that the eurozone lacks an important element – it is a financial union. However, everything has changed. On July 21, the EU agreed to create a €750 billion ($ 868 billion) Recovery Fund. Now, the EU has moved to a […]

As US politicians squabble over the next fiscal stimulus bill and the country’s virus death toll ticks up again, markets may lean on the Federal Reserve next week for a quick fix. The Federal Open Market Committee (FOMC) meeting will undoubtedly be the most eagerly awaited event of the week. But second quarter GDP prints […]

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 and forced the pair to have a downside pause towards the uptrend line. Since last week, the uptrend seems to show […]

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 […]

In April 2020, the GBPUSD pair has been moving sideways within the depicted consolidation range extending between the price levels of 1.2265 and 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 current […]

The USD index declined to its lowest level in almost two years around 94.5 points amid growing concerns about the pace of the US economic recovery. Analysts said that the delay in the adoption of the next stimulus package in the United States could worsen consumer sentiment at a time when the weaker statistics on […]

BTC has been trading sideways at the price of $9,550 but the upside breakout of the Bollinger upper band and contraction is strong sign that there is more upside to come. I still expect further upside movemevnt. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:July 24, 2020 : EUR/USD daily technical […]

Technical analysis: Trading recommendation: Watch for potential buying opportunities due strong bullish divergence on the 30M time-frame in the background, which may result strong rally till end of the day. Upward targets are references are set at : 0,7100 0,7123 0,7135 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis of Gold […]

Technical analysis: Gold has been trading upwards as I expected. I still see potential for the rise towards the ALL TIME high at the price of $1,922. Trading recommendation: Watch for potential buying opportuntiies due to rejection of the rising trendline on the 1H time-frame and strong bullish momnentum in the background. The material has […]

GBP/USD continues to grow and it approaches the 1.2787 former high as the USD is into a corrective phase, decrease, versus most of the major currencies. The pair is trading within a major up channel, above an uptrend, so the outlook is bullish. GBP/USD could resume its current uptrend. GBP/USD could climb higher as long […]

The currency pair has plunged as the USDX and the JP225 are facing their sell-offs in the short term. USD/JPY is trading at 106.36, the next downward target is seen at the 105.98 static resistance. A USDX’s bounce back, leg higher, from the 94.65 static support could attract the buyers on USD/JPY. The pair has […]

GBP/USD – 1H. Hello, traders! On the hourly chart, the quotes of the GBP/USD pair continue the growth process, somewhat weakened growth. Nevertheless, the upward trend corridor still retains the prospects for continued growth and a “bullish” mood. Although the nature of the latest news from the UK is not conducive to the growth of […]

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 […]

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. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

The US 30 cash index is tumbling over the last couple of sessions in the 4-hour chart, penetrating the 50-period simple moving average (SMA) and moving towards the 100-period SMA. From the technical viewpoint, the RSI is falling beneath the neutral threshold of 50, while the MACD is losing momentum below its trigger line. More […]

The trading week is coming to an end and it’s time for us to summarize the preliminary results. It is not so easy to stop a speculative upward move, all market participants were convinced of this after the quote updated the current year’s maximum 1.1496 —> 1.1626 and automatically hit the region of autumn 2018. […]