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To open long positions on GBP/USD, you need: The British pound significantly strengthened its positions yesterday. After breaking through the rather important resistance of 1.2618, GBP/USD continued to grow with renewed vigor, as the bearish trend was completely broken, which forced speculators to close short positions. If you look at the 5-minute chart, you will […]

Technical Market Outlook: The EUR/USD pair has made another higher high at the level of 1.1467 and it looks like the next target for bulls is seen at the level of 1.1489 – 1.1497. If the momentum will be still high and positive, then the odds for this scenario are high, but please notice, the […]

Technical Market Outlook: The GBP/USD pair has tested the key short-term supply zone located between the levels of 1.2668 – 1.2686, but the Bearish Engulfing pattern had been made at the H4 time frame chart. The volatility has decreased and the momentum is just slightly above the level of fifty. Only a sustained breakout above […]

To open long positions on EUR/USD, you need: The euro traded in a side channel yesterday amid the lack of news from the EU summit. After an unsuccessful attempt to gain a foothold at weekly highs, the pair fell to the morning support level, where the bulls were active again. In total, several entry points […]

The coronavirus pandemic has led to a global recession. In many countries, there are budget deficits due to the huge spending on health care to combat the spread of the virus. According to analysts, it is necessary to cut health care expenses, otherwise some of the world’s largest emerging economies will face a financial crisis […]

Trading Recommendation Entry: 122.542 Reason for Entry: Ascending trend line, 61.8% fibonacci retracement and 61.8% fibonacci extension Take Profit: 123.345 Reason for Take Profit: 78.6% fibonacci retracement Stop Loss: 121.962 Reason for Take Profit: Horizontal overlap support, 38.2% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Global stocks faced too […]

EUR/USD The euro rose by 20 points on Monday, but with the upper shadow it marked the upper limit of the target range of 1.1420/65, which, in fact, created a condition for forming a reversal divergence with the Marlin oscillator. Of course, the euro can continue to grow, but the price needs to overcome 1.1465 […]

AUD/USD The Australian dollar rose by 19 points yesterday, but this was enough to shift the indicator technical picture towards growth. Reversal of the Marlin oscillator signal line from the zero line has received confirmation, the nearest target is the 0.7080 level, after which it is possible to form a triple divergence on the Marlin. […]

USD/JPY The dollar rose 22 points against the yen on Monday. The price tried to overcome technical resistance on both the daily and four-hour charts, but even the growth of US stock indexes did not help. As a result, the price, as before, remained stuck between the balance and MACD indicator lines on the daily […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 100.7928 The first trading day for the EUR/USD pair was held in multidirectional movements. If in the first half of the day the European currency continued to rise in price, […]

EUR/USD 1H The euro/dollar pair rose for the third time to the level of 1.1430 on the hourly timeframe of July 20. This time, buyers managed to push this level, but the quotes failed to go far up. After it became clear that the EU summit could end in nothing, the fervor of the bulls […]

Trading Recommendation Entry: 0.70259 Reason for Entry: Ascending trendline support Take Profit: 0.70513 Reason for Take Profit: -27.2% Fibonacci retracement Stop Loss: 0.70191 Reason for Stop Loss: 23.6% Fibonacci retracement, moving average support The material has been provided by InstaForex Company – www.instaforex.com Related Posts:AUDUSD holding above long term ascending support!… July 21, 2020 Trading […]

Trading Recommendation Entry: 0.70259 Reason for Entry: Ascending trendline support Take Profit: 0.70513 Reason for Take Profit: -27.2% Fibonacci retracement Stop Loss: 0.70191 Reason for Stop Loss: 23.6% Fibonacci retracement, moving average support The material has been provided by InstaForex Company – www.instaforex.com Related Posts:AUDUSD holding above long term ascending support!… July 21, 2020 Trading […]

Hourly chart of the GBP/USD pair The situation with the GBP/USD pair did not clear up for a long time. The descending trend line made it possible to consider selling the pound/dollar pair. However, the price already consolidated above it on the first trading day of the week. This means that sellers turned out to […]

EURUSD: The euro keeps growing, hoping for optimism on the outcome of the EU summit. There is positive news from AstraZeneca – according to the prospects of the coronavirus vaccine – it will be available until the end of the year. Euro: We keep purchases from 1.1345. Targets 1.1520 and higher. You can buy with […]

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 Asia-Pacific stock markets are showing negative dynamics in almost all directions on Monday. The reason for this can be called the protracted summit of the member countries of the European Union. It should be noted that earlier only two days were planned for the meeting of the heads of state in Brussels, but the […]

Gold price has broken above the resistance trend line. Support at the blue rectangle area has been respected and price continues to make higher highs and higher lows. It is important for the short-term trend for bulls to hold above $1,800-$1,790. Blue rectangles- higher lows Green line- support trend line Black line -resistance trend line […]

EURUSD remains in a bullish trend as price is still above the Daily Kumo and above the kijun-sen indicator. Price has recaptured 1.14 level and we are heading towards our next target at 1.15-1.1550. Price is above both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). The Chikou span (black line indicator) […]

In previous posts last week we noted the importance of the $1,790-95 support zone and the bullish channel we were in. Also we noted that we are bullish around $1,790 as support was held and we were expecting a test of the triple top at $1,815 area. Black lines upward sloping – bullish channel Black […]

Since April, 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 bullish […]

On March 20, the EURUSD pair has expressed remarkable bullish recovery around the newly-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 […]

The main pair of the Forex market on Monday went above 1.1400 and approached the March highs. It is important that it will also be able to close in the area of these marks. Given that traders now prefer to believe only in the good and in a positive outcome of the negotiations on the […]

This morning, the euro has gained momentum against the US dollar, the Japanese yen, and the British pound on hopes of positive results of the EU summit. Last week, leaders of the 27 European Union countries met in Brussels for their first face-to-face talks since February in an effort to hammer out a deal on […]