Traders in the currency market are focused on waiting for the start of production of a vaccine against COVID-19, which fully weakens the position of the US dollar, which, we recall, has been holding its positions for almost half a year, not wanting to give up under the pressure of objective reality, which is manifested […]

To open long positions on GBP/USD, you need: Buyers of the British pound, after the pair rapidly fell in the first half of the day, managed to regain all their positions, which preserves the upward potential. In the second half of the day, several signals were formed for entering the market. Let’s take them apart. […]

To open long positions on EUR/USD, you need: The euro’s growth from yesterday morning, where we managed to enter the correction stage (I analyzed the trade in detail in the afternoon forecast), turned into new purchases with several signals forming for entering the market in the US session. Let’s talk about them in more detail […]

Forecast for July 23: Analytical overview of currency pairs on the H1 scale: The key levels for the euro / dollar pair on the H1 scale are: 1.1662, 1.1619, 1.1564, 1.1539, 1.1498 and 1.1421. Here, we are following the July 10 upward structure. The continuation of the upward movement is expected after the breakdown of […]

The pair has been forming an accumulation zone for two weeks. This makes it possible to use weekly extremes when searching for entry and exit patterns. Today, it is trading at the upper border, so you need to be ready to sell the instrument if the test leads to the formation of an engulfing pattern. […]

EUR/GBP found resistance at 0.9138 which wasn’t a big surprise. It should just be a matter of time before this resistance is broken and EUR/GBP will be able to edge higher towards 0.9322 and 0.9500 as the next targets. Support is seen in the 0.9053 – 0.9069 area. The pair may rally higher through resistance […]

EUR/JPY has gained ground and it is now testing resistance at 124.43. This resistance should eventually give way for further growth to 125.85 and higher to 129.26. We have now entered a period, where EUR/JPY is likely to accelerate the uptrend and continue to defy a possible negative divergence. Support is currently seen at 122.98, […]

EUR/USD The euro rose by 42 points on Wednesday, marking the upper shadow of exactly 50% of the movement from February 2018 to March 2020. On the technical side, this growth increased the probability of a divergence with the Marlin oscillator. The resulting divergence line becomes less steep. After consolidating the price at 1.1560, we […]

GBP/USD The British pound briefly “magnetized” to the Fibonacci level of 100.0% (the February 28 low), it is very possible for the target to move with accelerated pace to the lower goals of 1.2646, 1.2540. Yesterday, the Fibonacci level of 110.0% (1.2646) reached the lower shadow on the daily chart. The Marlin oscillator begins to […]

AUD/USD The Australian dollar slightly rose on Wednesday, the upper shadow almost touching the lower limit of the target range of 0.7190-0.7225. But this was enough for the Marlin oscillator to form a triple divergence on the daily scale. This formation is rare, it is a strong reversal pattern. The price falling below the target […]

USD/JPY The signal level of 106.68 was an insurmountable obstacle for the Japanese yen on Tuesday and Wednesday. But the MACD line also proved to be an insurmountable resistance on the four-hour chart, for the sixth time already. The signal line of the Marlin oscillator tried to go over the zero line yesterday, but it […]

GBP/USD 1H The GBP/USD pair corrected to the 1.2636-1.2660 area on Wednesday and once again rebounded from it, but this time from above. 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 by the end of the trading […]

EUR/USD 1H The EUR/USD pair continued a rather strong upward movement on the hourly timeframe on July 22. Now it is already well above the ascending channel, in which the pair has been strictly moving in the middle for a long time. However, the bulls have recently felt the surge of strength and the weakness […]

Trading Recommendation Entry: 1.78812 Reason for Entry: 50% Fibonacci retracement Take Profit: 1.76956 Reason for Take Profit: Recent graphical swing low Stop Loss: 1.79299 Reason for Stop Loss: 61.8% Fibonacci retracement, Ascending trendline resistance, moving average resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USDCAD breaking below downside confirmation, possible drop! […]

Hourly chart of the GBP/USD pair The situation with the GBP/USD pair got a little confusing on the third trading day of the week. There are too many factors that should be considered in order to successfully predict long-term movement. The key event of the past day was an article by the British publication The […]

Hourly chart of the EUR/USD pair The EUR/USD pair continues to amaze with its movements. Yesterday we said that a fall could begin from the area of 1.1570, where the upper line of the narrowing channel passes. However, the price did not even stop near this line and, in fact, deprived traders of the signal. […]

Hourly chart of the EUR/USD pair The EUR/USD pair continues to amaze with its movements. Yesterday we said that a fall could begin from the area of 1.1570, where the upper line of the narrowing channel passes. However, the price did not even stop near this line and, in fact, deprived traders of the signal. […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 167.5141 Well, the epic with the approval of the budget for 2021-2027 and the fund for recovery after the pandemic is over. Now you can forget about it and watch […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 167.5141 Well, the epic with the approval of the budget for 2021-2027 and the fund for recovery after the pandemic is over. Now you can forget about it and watch […]

Trading Recommendation Entry: 1.3416 Reason for Entry: The 1.272 fib extension Take Profit :1.3363 Reason for Take Profit: The 1.618 fib extension Stop Loss:1.3461 Reason for Stop loss: Horizontal swing high The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USDCAD approaching downside confirmation, possible drop! July 22, 2020 Trading RecommendationEntry: 1.3416Reason for […]

The euro-dollar pair conquers new price heights. Today traders were able to refresh the one and a half year high by testing the 16th figure. On the one hand, such price dynamics were predictable, given the positive results of the EU summit. On the other hand, impulsive growth to 22-month highs is alarming: now no […]

The euro-dollar pair conquers new price heights. Today traders were able to refresh the one and a half year high by testing the 16th figure. On the one hand, such price dynamics were predictable, given the positive results of the EU summit. On the other hand, impulsive growth to 22-month highs is alarming: now no […]

Minute operational scale (H4 time frame) Where do we stop the growth of the main currency instruments against the dollar? Options for the development of the movement #USDX vs EUR/USD & GBP/USD & USD/JPY (H4) from July 23, 2020. ____________________ US dollar index The development of the movement of the dollar index #USDX from July […]

The gold market was moved on Wednesday thus continued to rise. The price of precious metals is growing during the Asian trading session. Precious metal futures for August delivery on the New York trading floor gained 0.76%, which allowed it to reach the level of 1,857.90 dollars per troy ounce. At the same time, the […]

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 […]