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 […]

The US has placed an order of 100 million doses of COVID vaccine worth $ 1.95 billion from Pfizer and BionTech, and the order could be increased to 600 million doses. EURUSD: The trend is valid. You may keep purchasing from 1.1340 – stop and a downward reversal from 1.1370. You may take profit from […]

The US has placed an order of 100 million doses of COVID vaccine worth $ 1.95 billion from Pfizer and BionTech, and the order could be increased to 600 million doses. EURUSD: The trend is valid. You may keep purchasing from 1.1340 – stop and a downward reversal from 1.1370. You may take profit from […]

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 […]

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 […]

Silver accelerated like there is no tomorrow to a seven-year high of 23.00 in just two days, and after breaching a soft descending trendline and the 19.63 peak from September 2019. The staggering move drove the RSI and Stochastics to overbought territory, hence downside corrections should not be surprising in the short-term. Still, the industrial […]

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 […]

Economic data out of the United Kingdom this week is expected to show the recovery gathered pace after the lifting of more lockdown restrictions in June and July. June retail sales figures are due on Friday at 06:00 GMT and will be followed by the flash PMI prints for July at 08:30 GMT. Upbeat numbers […]

EURUSD has made new higher highs today recapturing the 1.15 level. However bulls need to be very cautious as price has reached important long-term resistance levels. This resistance is shown clearly by the long-term downward sloping trend line. Green line -resistance The EURUSD has reached the green trend line resistance that comes from the 2008 […]

Gold price remains in a bullish trend. Price made new 2020 highs as expected since price continues to make higher highs and higher lows. Support remains intact and price has now reached the upper channel boundary and resistance area. It is time to be cautious. Black lines – bullish channel green rectangle – support zone […]

EURUSD remains in a bullish trend. In our last Ichimoku cloud analysis we noted the new bullish signal by the crossing of the tenkan-sen above the kijun-sen. At that time we had 1.15-1.1550 as our next target. This target area has been reached. Time for bulls to be cautious and protect gains. Trend is bullish […]

Edward Moya, senior market analyst at OANDA, said that the rally in the fuel prices ended due to a sharp rise in oil reserves and a worsening epidemiological situation in the country. Analysts had predicted that the US oil reserves would fall by 2.1 million barrels. However, according to the American Petroleum Institute, US oil […]

Sharp declines in interest rates, a flood of liquidity from the Federal Reserve System to cushion the economic impact of the COVID-19 indicate a drop in the US dollar in the future. Gloomy future The future of the US dollar looks bleak. The daily rise in the number of people suffered from coronavirus, tensions with […]

Today, there is no general dynamics on the stock markets of the Asia-Pacific region. Indices showed mixed reaction to the news and were moving in opposite directions. Some indices rapidly fell against the background of a surge in the number of people infected with the coronavirus. Thus, Australia’s main stock index plunged by more than […]

The greenback shows solid stability against the euro and the yen on Wednesday. The price of the euro ranges around 1.1527 dollars per euro, which is similar to Tuesday’s level at the end of the trading day. The price of the euro against the yen also remained practically unchanged, its dynamics are insignificant: from yesterday’s […]

EURGBP has been in a slightly bullish channel over the last three months, rebounding on the 20-day simple moving average (SMA).  The RSI is heading higher above the neutral threshold of 50, while the MACD is strengthening its momentum near its trigger line, marginally above the zero line. The 20- and 40-day simple moving averages […]

The euro confirms the trend, and dynamics based on the H4 chart provokes traders to take profit then restart from the rollback. This is a possible option. However, the monthly chart suggests that it is just the beginning. According to the monthly chart, the target is 1.1880 with a possible continuation towards higher levels. You […]

The recent weakening of the dollar escalates speculations that it will continue to fall into the abyss. It is difficult to dispute such forecasts now, the greenback really has enough negative factors that can push it further down. From the maximum levels reached in March in the region of 103 points, the dollar index fell […]

Tesla’s stock price has been in a slightly recovery mode after the skyrocketing to a record high of 1785.43 on July 13. The price remains above the 23.6% Fibonacci retracement level of up leg from 350 to 1785.43 at 1446, however, the RSI looks overbought as it turns lower above the 70 level. Also, the […]

The USD index sank to four-month lows amid growing concerns about the outlook for the US economy, which is one of the worst situations brought by the coronavirus pandemic. According to Johns Hopkins University, 3.8 million cases of COVID-19 infection have been identified in the United States. Meanwhile, the greenback risks losing its attractiveness as […]

EUR / USD On July 21, the EUR/USD pair gained about 80 pips. Thus, the instrument remains within the framework of the construction of the assumed wave 3 in 5 in C in B, which takes a very extended form and can complete its construction near the 200.0% Fibonacci level. A successful attempt to break […]

Technical analysis: BTCis still in trading range and the Bollinger bands contraction, which is good conditions for the breakout. Watch for the clear breakout of the upper or lower Bollinger band to confirm further direction. Trading recommendation: The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – Tesla stock erases some […]

Technical analysis: EUR has been trading upwards.The EUR broke the multi day balance in the background, which is strong side for ther futher upside continuation. I see potential for test of 1,1745 Trading recommendation: Watch for potential buying opporutnities on the dips using the hourly or 4H time-frame. The next upward target is set at […]

What reasons are not given by market experts to explain the rapid rally of XAU/USD and the readiness of gold to rewrite historical highs: the deterioration of the epidemiological situation in the United States, the growing risks of a W-shaped recovery of the American economy, the tension in relations between Washington and Beijing, the weakness […]

Technical analysis: BTC has been trading upwards. As I expected, Gold tested and broke our upward target at $1,840 with strong momentum. I still see more upside and potential for much higher price on Gold towards $1,915. Trading recommendation: Watch for potential buying opportunities on the dips using the hourly or 4H time-frame. The next […]