Technical Market Outlook: The GBP/USD pair has tested the short-term supply zone located between the levels of 1.2747 – 1.2786, but the Shooting Star candlestick pattern had been made at the H4 time frame chart. Currently, the bears are trying to push the prices lower towards the level of 1.2686 – 1.2668. The volatility has […]

Technical Market Outlook: The EUR/USD pair has tested the long-term technical resistance located at the level of 1.1540, so the up trend continues. Currently, the market is trying to make a pull back towards the level of 1.1497 – 1.1483. If this support zone is clearly violated, then the bigger correction can take place with […]

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:GBPCAD approaching support, potential bounce! July 22, 2020 Trading RecommendationEntry: 1.70751Reason for Entry: […]

Crypto Industry News: Changpeng Zhao, CEO of the Binance cryptocurrency exchange, is not sure what will bring Bitcoin back to $ 10,000, but he pointed out the token’s recent stability. In a media interview, Zhao, also known as CZ, commented on the cryptocurrency’s record low volatility. Bitcoin has made very few big moves in weeks […]

EUR/USD Analysis: The euro chart has been dominated by an upward trend since the end of March. Its last unfinished section counts down from May 7. It has a pronounced pulsed appearance. The correction that began in June became completely hidden as it formed. The price has pushed through a strong resistance level. Forecast: A […]

Crypto Industry News: Mastercard is reaching out to cryptocurrency companies and encouraging them to apply for partner status as part of its newly expanded cryptocurrency card program. The company announced that it is simplifying access to its Accelerate program for cryptographic card issuers, allowing candidates to join the program as partners “within a few weeks.” […]

After almost two months of siege, the Australian dollar paired with the US currency stormed the 70th price level, updating 15-month price highs along the way. At the moment, the pair is testing the 71st figure, although the upward momentum has clearly faded. The price break was caused by several fundamental factors. The US dollar […]

USDJPY held within the 106.69-108.00 narrow range thanks to the 50% Fibonacci of the downleg from 112.21 to 101.17 which managed to calm bearish forces once again on Tuesday. While the pair is currently trying to regain some lost ground, the RSI and the MACD continue to paint a discouraging picture for the short-term as […]

NZDUSD is recording a stunning rally over the last couple of days towards the fresh six-month high of 0.6665, holding above the four-month ascending trend line. The RSI is currently increasing positive momentum towards its overbought threshold, while the MACD is slowing down in the positive territory, hinting that the next move in prices could […]

The most active trading instrument of the past day is considered to be the EUR/USD currency pair, which completed the lateral fluctuation of 1.1400/1.1460, breaking through the upper border, during which the European currency rushed towards the values of 1.1500-1.1550, which is considered an inertial move on the market. Such a rapid strengthening of the […]

To open long positions on GBP/USD, you need: Buyers of the pound achieved their goal yesterday and reached the previously indicated resistance levels, forming a good signal to open long positions, which I paid attention to in my review for the second half of the day. Let’s look at it in more detail. If you […]

To open long positions on EUR/USD, you need: The news about the breakthrough in the development of a vaccine against COVID-19 and the decisions made at the EU summit woke up the bulls, who began to buy the European currency in batches during the US session, creating several signals to open long positions. Let’s take […]

To open long positions on EUR/USD, you need: The news about the breakthrough in the development of a vaccine against COVID-19 and the decisions made at the EU summit woke up the bulls, who began to buy the European currency in batches during the US session, creating several signals to open long positions. Let’s take […]

A surge of optimism regarding the results of successful trials of vaccines against coronavirus infections, conducted by a number of US pharmaceutical companies, gave investors hope that drug production will begin in the near future. Markets rallied again on Tuesday, driving up demand for stocks in companies that had previously experienced widespread problems due to […]

A surge of optimism regarding the results of successful trials of vaccines against coronavirus infections, conducted by a number of US pharmaceutical companies, gave investors hope that drug production will begin in the near future. Markets rallied again on Tuesday, driving up demand for stocks in companies that had previously experienced widespread problems due to […]

GBP/JPY has broken the first minor resistance at 135.92. It is likely to rise to 139.80 and break above this resistance too. Support is now seen at 135.52 and again at 135.09. The pair may break above 135.92 climbing higher towards 139.80. R3: 138.50 R2: 137.30 R1: 135.92 Pivot: 135.71 S1: 135.52 S2: 135.09 S3: […]

GBP/JPY has broken the first minor resistance at 135.92. It is likely to rise to 139.80 and break above this resistance too. Support is now seen at 135.52 and again at 135.09. The pair may break above 135.92 climbing higher towards 139.80. R3: 138.50 R2: 137.30 R1: 135.92 Pivot: 135.71 S1: 135.52 S2: 135.09 S3: […]

The EUR/JPY pair did not dip to 121.90 as we forecast. On the contrary, it started moving up again. The minor corrective dip only reached 122.44 before EUR/JPY rose again towards the next target at 124.43. The resistance level should be broken too for a continuation higher to 125.82-129.26. Support is now seen at 122.98 […]

Trading Recommendation Entry: 1.70751 Reason for Entry: Ascending trend line, horizontal overlap support, 78.6%, 38.2% fibonacci retracement and 78.6% fibonacci extension Take Profit: 1.71571 Reason for Take Profit: Horizontal swing high resistance Stop Loss: 1.70285 Reason for Take Profit: 127.2% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading plan […]

EUR/USD The euro rose by 78 points yesterday due to information that the 750 billion euro fund for the EU’s recovery from coronavirus has finally been created. The momentum that the euro received could still grow towards the yet-to-be-reached target of 1.1560, possibly to 1.1620, but along with the fading news itself and local market […]

AUD/USD The Australian dollar expectedly increased yesterday, which turned out to be quite strong, and gained 110 points. A triple divergence practically formed on the daily chart according to the Marlin oscillator. The Marlin signal line only has a few millimeters left to move up until it actually touches the divergence line. Of course, touching […]

USD/JPY The Japanese yen strengthened by 45 points on Tuesday – investors began to buy it on fears of a new wave of falling stock markets. Stock indexes feel overheated despite seemingly optimistic news from around the world, such as the agreement within the EU on a mutual aid pact, good growth in construction in […]

GBP/USD 1H The GBP/USD pair continued its upward movement on Tuesday without any doubts. Buyers significantly found the strength to overcome the resistance area of 1.2636-1.2660, from which the price had previously rebounded at least four times. There was no stop there today. Thus, the bulls brought the pair to the second resistance level of […]

EUR/USD 1H The euro/dollar pair continued an indistinct upward movement on the hourly timeframe of July 21 for most of the day with frequent pullbacks and corrections. However, buyers sharply intensified and began new mass purchases of the European currency in the US trading session. It is difficult to say what exactly happened in America […]

Entry: 79.337 Reason for Entry: Ascending trendline support, moving average support, 50% Fibonacci retracement Take Profit: 79.734 Reason for Take Profit: Recent graphical swing high Stop Loss: 79.232 Reason for Stop Loss: 61.8% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USD/JPY Breakout Expected Soon! July 21, 2020 USD/JPY is […]