Technical analysis: Gold has been trading upwards due to the breakout of the well defined trading range in the background. I see further upside movement towards the $1,840. Trading recommendation: Watch for potential buying opportunities on the pullbacks due to strong upside pressure in the background and the breakout of the trading range. The upward […]

‘ US stock markets were in positive territory on Monday’s trading. The rally was so good that the Nasdaq Composite managed to break a new closing record. The high dynamics of the index was primarily due to the increase in the capitalization of the largest companies in the technology sector. The Dow Jones Industrial Average […]

USD/JPY is trading in a range between 107.40 and 106.70 levels. We’ll have a great trading opportunity when the price escapes from this extended sideways movement. The pair is under buying pressure, you can notice that USD/JPY is holding near the 107.40 – 107.39 resistance area, the upside obstacle, after the failure to come back […]

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Since mid-2011, the USD index has been showing an upward trend, but now, having begun an important correction, it is on the verge of breaking this trend. The monthly chart of the USD Index shows that the greenback has stopped again at the 33-year trendline. This line has proven its enormous resistance many times since […]

EUR/USD has ignored the near-term upside obstacles and now is fighting hard to resume the upside movement. It is trading at 1.1440 level, the next upside target is seen at the 1.1495 level. The currency pair has continued to increase even if the US data have come in better lately, the USDX’s further drop has […]

EUR / USD On July 20, the EUR/USD pair gained about 30 pips. Thus, the instrument remains within the framework of the construction of the assumed wave 3 in 5 in C in B, which takes on a very extended form. If the current wave counting is correct, then the rise in quotes will continue […]

EU strikes a compromise deal on a virus recovery fund but euro pares gains Positive vaccine headlines drive Nasdaq to record close as key earnings loom Win-win situation for gold as it climbs to 9-year highs Focus turns to talks on US fiscal package and Brexit; dollar sags but pound upbeat Europe gets its fiscal […]

Good afternoon traders! Congratulations to those who followed the plan last July 17, which was to open short positions in the USD/CAD pair. The idea was to lower the quote below the buy stop at 1.34900: Plan: Results: The trading idea was based on the Price Action and Stop Hunting strategies. Congratulations again and have […]

Today we take a look at EURJPY 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 21, 2020. […]

The EU summit has finally ended, during which EU leaders have approved a huge 750-billion recovery fund to support the economy. € 390 billion will be grants, while the remaining € 360 billion are for soft loans. In addition, at least a third of the sums will go to the development of green technologies, as […]

Both the single European currency and the pound strengthened noticeably yesterday. It is another matter that only political factors were the reason for their growth. After all, the macroeconomic calendar is completely empty and it will remain empty until Thursday. So market participants have no choice but to focus only on the statements and actions […]

Trend analysis (Fig. 1). The market may continue to move upward from the level of 1.2664 (closing of yesterday’s daily candle) with the target of 1.2731 – an 85.4% pullback level (blue dotted line). If this level is reached, the upward trend may continue with the next target at the upper fractal 1.2813 (blue dotted […]

Trend analysis (Fig. 1). The market may begin to move downward from the level of 1.1449 (closing of yesterday’s daily candle) with the target at 1.1396 – a 23.6% pullback level (blue dotted line). There is a possibility that the price will continue to move downward from this level, with the target at 1.1354 – […]

The lack of any macroeconomic data forces investors to switch to other news sources. Mainly of a political nature. Fortunately, the summit of the heads of the European Union is being delayed, and this event constantly presents new information. At first, the delay in negotiations, and almost their failure, was an extremely negative factor. However, […]

Trading recommendations for the EUR / USD pair on July 21 EUR / USD Analysis of transactions The “buy” signal presented for the European currency yesterday was correct, as the long positions traded after the test of 1.1430 (green rectangle in the chart) led to a 30-point increase in the EUR / USD rate. The […]

On Monday, Chevron CEO Michael Wirth said that the uncertainty of the coronavirus hinders the plan to resume economic activity around the world, which in turn affects oil prices worldwide. Nevertheless, Chevron is acquiring oil and gas producer Noble Energy for about $ 5 billion, which is the biggest deal in the oil industry since […]

US and EU stock indices started off the week in the positive zone, strengthened by hopes for a COVID-19 vaccine in the near future and persistent efforts by European leaders despite initially significant disagreements, to form an EU recovery fund. The US reported a 1.3% increase in cases of the virus, the slowest daily increase […]

In the United States, the coronavirus continues to spread, which puts great pressure on the people’s lives and companies’ activity. So, the heads of leading banks such as Goldman Sachs, JPMorgan, Bank of America, Citigroup, and Wells Fargo are warning of a tough road to economic recovery in the US. Goldman Sachs chief David Solomon […]

Forecast for July 21: Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1564, 1.1539, 1.1498, 1.1466, 1.1421, 1.1389 and 1.1345. Here, we are following the upward structure on July 10. A short-term upward movement is expected in the range […]

GBPUSD has been consolidating between the 20- and 200-day simple moving averages (SMAs) for more than a week, but the pair is now looking ready for a bullish breakout above the latter. Although somewhat flattish, the market structure remains positive, with the price printing higher highs and higher lows following the rebound from the 35-year […]

EURJPY is extending its upward six-week rally near the 123.00 handle. The price is standing above the 23.6% Fibonacci retracement level of the up leg from 114.40 to 124.42 at 122.06, remaining above the 20- and 40-day simple moving averages (SMA). Technically, the MACD oscillator is strengthening its momentum above its trigger and zero lines, […]

The EUR/USD currency pair continues to fluctuate within the resistance area 1.1440/1.1460, where market participants are trying to keep the upward direction, but the pressure in the established area is very high, which leads to an automatic reduction in buying positions. From the point of view of technical analysis, this phenomenon is called a “regular […]

The Australian dollar received a little support from the minutes of the Reserve Bank of Australia during the Asian session on Tuesday. The minutes of the last central bank meeting turned out to be unexpectedly optimistic against the backdrop of weak macroeconomic reports and the outbreak of coronavirus in the Australian state of Victoria. This […]

Crypto Industry News: The Banque de France selected eight potential candidates to test the integration of CBDC into interbank settlements, according to an announcement published today. The list of approved entrants includes large companies such as Accenture, HSBC, and Societe Generale, as well as smaller cryptocurrency focused players such as Seba Bank and LiquidShare. The […]