Technical analysis recommendations for EUR/USD and GBP/USD on July 23 EUR / USD Players on the promotion seek to implement the elimination of the monthly dead cross Ichimoku. The higher they can rise and consolidate above its final boundary, the more reliable the result will be. Upward guidance is now focused on the boundaries of […]

Today we take a look at NZDCHF 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:Trading plan for EUR/USD on July 23, 2022. […]

Hello, dear colleagues! At yesterday’s trading, the main currency pair of the Forex market continued to grow. And here it is worth noting that the last time the quote was traded at such levels in June 2019. As usual, we will return to the technical picture of EUR/USD a little later, but for now a […]

Yesterday, the market should have focused mainly on macroeconomic statistics. But its influence was extremely weak. The fact is that politics has again intervened. Exclusively from the US. Washington suddenly decided to close the Chinese consulate in Houston. Beijing has already called these actions reckless and hostile, aimed solely at worsening relations between China and […]

Today, the pair is trading near the zone of the average weekly move. This indicates the need for partial consolidation of purchases, as the probability of a corrective fall increases. The most favorable prices for purchases are within the WCZ 1/2 0.6611-0.6604. Testing this zone will determine the upward momentum. The weekly CZ 0.6712-0.6697 can […]

The dollar is reacting nervously this week to the start of discussions on a new stimulus package, but the pressure remains behind the scenes. 1 trillion is quite a bit considering the scale of injections in March-April, but it concerns the most important factor shaping consumer demand – unemployment benefits. Currently, one of the main […]

GBPJPY curved up near the 20-day simple moving average (SMA) and the lower line of a big symmetrical triangle and towards a 6-week high of 136.60. The price also managed to close slightly above the 50% Fibonacci retracement level of the 147.94-124.00 downleg on Wednesday, increasing the odds for another upturn. However, the upper part […]

Gold prices are flirting with the nine-year high of 1,878 again, endorsing the strong bullish structure. The RSI indicator is pointing north in the overbought territory, while the MACD is extending its upside movement above its trigger and zero lines in the short-term timeframe. Furthermore, the simple moving averages (SMAs) and the Ichimoku indicators are following […]

Gold prices are flirting with the nine-year high of 1,878 again, endorsing the strong bullish structure. The RSI indicator is pointing north in the overbought territory, while the MACD is extending its upside movement above its trigger and zero lines in the short-term timeframe. Furthermore, the simple moving averages (SMAs) and the Ichimoku indicators are following […]

The Australian dollar continues to trade flat against the US dollar, while maintaining a bullish mood. The AUD/USD pair settled in the 71st figure, and it looks like traders themselves are somewhat discouraged by this fact. Despite the further decline of the US currency, the Aussie is not in a hurry to further rise. The […]

The Australian dollar continues to trade flat against the US dollar, while maintaining a bullish mood. The AUD/USD pair settled in the 71st figure, and it looks like traders themselves are somewhat discouraged by this fact. Despite the further decline of the US currency, the Aussie is not in a hurry to further rise. The […]

The Australian dollar continues to trade flat against the US dollar, while maintaining a bullish mood. The AUD/USD pair settled in the 71st figure, and it looks like traders themselves are somewhat discouraged by this fact. Despite the further decline of the US currency, the Aussie is not in a hurry to further rise. The […]

Dollar slide accelerates despite escalating US-China tussle, euro takes flight Markets generally in a cheerful mood, helped by signs Congress is moving closer to a compromise Gold trades like a rocket amid tanking dollar, geopolitical unrest, and stimulus hopes Euro unchained The currency market continues to be dominated by the resurgent euro, which has been […]

Trading Recommendation Entry: 137.054 Reason for Entry: 78.6% fibonacci extension and -27.2% fibonacci retracement Take Profit: 135.333 Reason for Take Profit: Horizontal overlap support, 61.8% fibonacci retracement Stop Loss: 137.866 Reason for Stop Loss: 100% fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Potential weakening of COVID-19’s impact is changing… […]

Crypto Industry News: Vitalik Buterin warns that the high fees that are in force on the Ethereum network today threaten the security of the project. He called for a reform of the fee system. The co-author of the project believes that this is a dangerous phenomenon in terms of network security: “High fees are dangerous. […]

Crypto Industry News: Russia has passed a major law related to cryptocurrencies like Bitcoin today. The State Duma – Russia’s legislative body – passed a law entitled “On Digital Financial Assets” in the last third reading, reports local news agency Regnum. After initiating the bill in 2018, Russian authorities finally agreed to legal status for […]

Today’s test of the WCZ 1/2 0.9293-0.9279, which coincides with the weekly zone of the average move, allows you to close all sales. The probability of forming a corrective upward pattern increases, which could allow you to get more favorable prices for selling the instrument in the future. Do not forget that the downward movement […]

Technical Market Outlook: The EUR/USD pair has broken through the long-term technical resistance located at the level of 1.1540, so the up trend continues and now is confirmed. The most important for bulls will be the weekly and monthly close. Currently, the market is trying to extend the rally towards the level of 1.1610. The […]

The pair traded downward on Wednesday and tested 1.2646 – a 23.6% pullback level (red dotted line) and then went up, almost closing at the opening point. Today the price is likely to continue its upward movement. Economic calendar news for the dollar is expected at 12:30 UTC. Trend analysis (Fig. 1). The market may […]

It seems that everyone was so accustomed to the fact that political scandals, intrigues, and investigations rule the show in the first couple of days of the week, that it was not possible to switch from this exciting topic to boring macroeconomic statistics in one day. For example, the pound has been declining since the […]

AUDUSD has successfully completed a V-shaped recovery from 17-year lows, unclocking a 15-month high of 0.7181 on Wednesday that is above its pre-crisis levels. The recent improvement has also violated the long-term downtrend that started from the 2018 peak of 0.8135, with the golden cross within the 50- and 200-day simple moving averages (SMAs) adding credence to […]

EURUSD extended its bullish rally towards a fresh almost two-year high around the 1.1600 psychological mark on Wednesday before it lost some gains. From the technical viewpoint, the MACD oscillator is losing some momentum, but is still standing above its trigger line and well above its zero line in the short-term timeframe. The stochastic oscillator […]

Trend analysis (Fig. 1). The market may continue to move upward from the level of 1.1557 (closing of yesterday’s daily candle) with the target at 1.1596 – a 50% pullback level (blue dotted line). There is a possibility that the price may roll back down from this level. Fig. 1 (daily chart). Comprehensive analysis: – […]

The EUR/USD currency pair is holding the previously set upward interest, during which market participants managed to update the maximum of the current year and find themselves on the coordinates of price fluctuations in October 2018. Such a sharp strengthening of the European currency rate in a short period of time indicates overbought, which may […]

Overview: The GBP/USD pair is going to continue to rise from the level of 1.2689 in the long term. It should be noted that the support is established at the level of 1.2689 which represents the 78.6% Fibonacci retracement level on the H4 chart. The price is likely to form a double bottom in the […]