Investors push the ‘risk off’ button amid faltering US recovery and monopoly probes into big tech Stocks pull back alongside commodity currencies, yen and gold climb But dollar can’t catch a break – strong euro and Fed expectations in play? Overall, this seems like a correction, not a trend reversal Risk aversion makes a rare […]

Trading Recommendation Entry: 1.3414 Reason for Entry: Horizontal swing high Take Profit :1.3352 Reason for Take Profit: Horizontal swing low Stop Loss:1.3476 Reason for Stop loss: Horizontal swing high The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – USDCAD trapped below trendline;… July 24, 2020 USDCAD was forced to shift […]

Today we take a look at AUDJPY 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:Daily Market Comment – Concerns the US recovery […]

USDCAD was forced to shift south after the descending trendline and the 23.6% Fibonacci level of the 1.4667-1.3314 downleg held firm once again, with the price tumbling as low as 1.3350 on Thursday. The pair is currently consolidating its losses near the 1.3380 support area but the technical indicators suggest that the bears have not abandoned […]

On Thursday, the mood of investors on the markets was somewhat spoiled by negative data from the US labor market, which provided local support for the US dollar and the demand for defensive assets. According to the data presented, the number of applications for unemployment benefits last week rose by 1,416,000 against the forecast of […]

The pair trade in a side channel on Thursday. The price initially traded downward and tested 1.2697 – a 14.6% pullback level (red dashed line). However, the bearish scenario ended and the price started to trade upward and closed near the opening of the day. Today, the price will most likely continue to move down. […]

GBPUSD continues to rise above the Ichimoku cloud and the short-term SMAs, remaining near the six-week high of 1.2770, achieved earlier today. According to the RSI, positive momentum could push for further gains in the short-term as the indicator picks up steam above its 50 level. However, the MACD is flattening near its trigger line and negative corrections cannot be excluded. […]

Technical Market Outlook: The GBP/USD pair has tested the technical support located between the levels of 1.2668 – 1.2686 and bounced back up. Nevertheless, the price has been trading inside of a narrow range between the levels of 1.2668 – 1.2768 for some time now. This price behavior shows the bulls are in control of […]

Technical Market Outlook: After the EUR/USD pair had broken through the long-term technical resistance located at the level of 1.1540, the up trend has been confirmed and it is being continued. Currently, the market is trying to extend the rally towards the level of 1.1629 or higher towards the level of 1.1648. The momentum is […]

Ripple is now aiming to reach the 0.2127 level as the target on the 4 Hour Chart. Before the cryptocurrency reaches that level, Ripple has to raid first the 0.2084 level, although there is a possibility to retrace downwards as long as the price does not break out and closes below 0.1979. Then, the upward […]

Crypto Industry News: Steve Wozniak’s lawyers and 17 others who have suffered from Bitcoin scams on YouTube have sued the platform and parent company Google for not taking swift action to ban the content. According to a statement from the law firm Cotchett, Pitre & McCarthy, Google and its subsidiary YouTube have failed to protect […]

To open long positions on GBP/USD, you need: Nothing has changed from a technical point of view. Bears tried to break through below the middle of the channel yesterday and even formed an entry point into short positions from there, but this did not lead to a larger sell-off. And then the bulls took the […]

To open long positions on EUR/USD, you need: Yesterday’s data on the US labor market weakened the greenback’s position against the euro, and a false breakout formed at the 1.1555 level, which I drew attention to in my review for the second half of the day, leading EUR/USD to return to the area of weekly […]

Crypto Industry News: China’s Supreme People’s Court said the country’s legal system should strengthen the protection of property rights in digital currencies. The new Supreme Court guidelines published in the section “Strengthening judicial protection of property rights and rights to capital” state that the legal system should strengthen the protection of new types of property […]

According to the 4-hour chart, Litecoin made a retracement to 44.16 – 43.72. Later, it will try going up with the first target of 45.56 and 46.62 as the secondary upward target. This bullish scenario will be automatically canceled if this cryptocurrency goes down and closes below the 42.95 level. (Disclaimer) The material has been […]

The EUR/USD currency pair managed to show high activity during the past day, which was caused by the publication of data on applications for unemployment benefits in the United States, which caused both joy and fear among traders. So the number of repeated applications for benefits declined from 17,304,000 to 16,197,000, which led to the […]

Trading Recommendation Entry: 0.71359 Reason for Entry: Descending trendline resistance Take Profit: 0.70914 Reason for Take Profit: Recent graphical swing low Stop Loss: 0.71613 Reason for Stop Loss: Recent swing high The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis: 23/07/2020 – AUDUSD breaks above… July 23, 2020 Risk Warning: 75.55% […]

EUR/USD The euro has so far paused with a downward turn, spending the entire day in the target range of 1.1560-1.1620. Consolidating the price above the upper limit of the range will provoke further growth to 1.1735 (August 28, 2018 high), but with a 60% probability, we expect a price reversal to 1.1420 and further […]

GBP/USD 1H The GBP/USD pair once again corrected to the 1.2636-1.2660 area on Thursday, this time without working it out. However, the quotes did not go below this area. Thus, the upward movement resumed, and the initiative remained in the hands of buyers. As a result, the pair returned to the resistance level of 1.2755 […]

EUR/USD 1H The EUR/USD pair quickly corrected to the 1.1544 level on the hourly timeframe on July 23, which was previously a resistance and now a support. A rebound from this level provoked the expected resumption of the upward movement and by the end of the day the pair practically reached the next resistance level […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 121.3540 From our point of view, the situation that has developed at this time for the EUR/USD currency pair is very ambiguous. On the one hand, everything is very simple […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 121.3540 From our point of view, the situation that has developed at this time for the EUR/USD currency pair is very ambiguous. On the one hand, everything is very simple […]

The upward momentum for the EUR/USD pair is gradually fading away, although the price is still staying at high levels. Yesterday, buyers did not have enough strength to consolidate in the 16th figure: on the wave of optimism provoked by the results of the July EU summit, the pair renewed its 22-month high and touched […]

The upward momentum for the EUR/USD pair is gradually fading away, although the price is still staying at high levels. Yesterday, buyers did not have enough strength to consolidate in the 16th figure: on the wave of optimism provoked by the results of the July EU summit, the pair renewed its 22-month high and touched […]

In a previous analysis we noted the bullish pennant pattern BTCUSD was in and that we would get a bullish signal if price were to break above $9,500. BTCUSD is now giving us bullish signals and support is found at $8,980. Black lines – bullish pennant pattern Red line – long-term resistance BTCUSD is breaking […]