Gold price is located in the buyer’s territory, so it could jump higher anytime again as the USD’s drop could attract more bulls on the yellow metal. The price is traded within a minor range, a valid upside breakout could bring another long opportunity soon. The current sideways movement could represent a strong consolidation, accumulation, […]

The latest data on the coronavirus suggests that the second wave of the pandemic is at its peak, having the three “leading” countries record more than half in the total number of cases around the world. Nevertheless, there seems to be progress, as there is a slowdown observed in the United States and Brazil, which […]

GBP/USD Analysis: Since the end of March, the quotes of the British currency form a horizontal plane. The wave corrects the upward trend section of the daily scale. Sets the direction of the short-term trend bearish wave from June 10. Within the middle part (B), the price formed a pullback in the form of a […]

Gold prices are in a horizontal move after they reached a nine-year peak near 1,817 and remaining above the 20- and 40-day simple moving averages (SMAs). The MACD oscillator is moving sideways above the zero line but it fell beneath the trigger line, while the RSI indicator is flattening slightly below the overbought zone. If […]

The EUR/USD currency pair has moved closer to the resistance area of 1.1440/1.1450 for the fourth consecutive time, where quotes are trying to break through it, but there is a slowdown on a regular basis. This process of fluctuation has been taking place on the market for more than 120 hours, which suggests that the […]

Trading Recommendation Entry: 0.69808 Reason for Entry: Ascending trendline support Take Profit: 0.70043 Reason for Take Profit: Recent swing high Stop Loss: 0.69736 Reason for Stop Loss: 61.8% Fibonacci extension, 78.6% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Gold bounces off support July 17, 2020 Gold price has held […]

Trading Recommendation Entry: 107.404 Reason for Entry: 50% fibonacci retracement, horizontal swing high resistance and 78.6% fibonacci extension Take Profit: 106.684 Reason for Take Profit: 76.4% fibonacci retracement, horizontal overlap support Stop Loss: 107.736 Reason for Take Profit: Horizontal swing high resistance, 100% fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com […]

To open long positions on GBP/USD, you need: The problems for buyers of the British pound are just beginning. Friday’s speech by the Bank of England governor kept the pressure on the British pound, and the technical picture that is now looming for the bulls can create serious problems. Buyers of GBP/USD urgently need to […]

Trading recommendations for the EUR / USD pair on July 20. EUR / USD Analysis of transactions The recent EU summit came out unsuccessful, but did not affect the exchange rate of the European currency, which many traders were so afraid of. The leaders failed to come into an agreement regarding the budget and approval […]

Technical Market Outlook: The GBP/USD pair has been seen trading inside of the narrow consolidation zone located between the levels of 1.2482 – 1.2668 for all the last week and nothing has changed yet. The volatility has decreased and the momentum is hovering around the level of fifty, so no clues from this indicator either. […]

The pair initially traded downward on Friday then tested 1.2511 – a 38.2% pullback level (red dotted line). However, it did not manage to break through this level, and then the price traded upward. The market closed 15 points above the opening of the daily candle. Today, the price is likely to move down. Nothing […]

Trend analysis (Fig. 1). Today, a downward rollback is possible from the level of 1.1430 (closing of the Friday afternoon candle) with the target at 1.1386 – a 23.6% pullback level (blue dotted line). If this level is reached, the downward movement may continue with the next target at 1.1345 – a 38.2% pullback level […]

To open long positions on EUR/USD, you need: The EU leaders’ summit was extended for another day, and it is likely to be fruitless again, as can be seen from the reaction of the EUR/USD pair, which remains in the side channel for the fourth consecutive trading day. There is also no new positive fundamental […]

Technical Market Outlook: The EUR/USD pair keeps trading close to the level of 1.1450 after making last pull-back very shallow. The next target for bulls is seen at the level of 1.1489 – 1.1497 and if the momentum will be still high and positive, then the odds for this scenario are high. The nearest technical […]

Crypto Industry News: The Canadian regulator, the Ontario Securities Commission (OSC), accused the Coinsquare exchange of manipulating the market and misleading customers about the volume of trading. OSC claims that Coinsquare, who was accused of “wash-trading” and hacking reports, “has engaged in conduct that goes against Ontario’s security laws.” The regulator also named its founders […]

The week on the currency market ended traditionally for the US dollar. It continued to decline, which lasts four consecutive weeks according to the dynamics of the ICE dollar index. This behavior is characterized by a not so unambiguous direct recovery of the world economy, but still stable. This applies not only to Europe and […]

EURUSD continued to trade near four-month highs as EU leaders extended their recovery fund talks for another day on Monday. Previously, the pair shot northwards after breaking a bullish flag pattern on the upside, signaling the continuation of the positive trend. But resistance around 1.1450 is currently looking like a hurdle. Technically, there is some room for improvement as the upward-sloping […]

EURUSD continued to trade near four-month highs as EU leaders extended their recovery fund talks for another day on Monday. Previously, the pair shot northwards after breaking a bullish flag pattern on the upside, signaling the continuation of the positive trend. But resistance around 1.1450 is currently looking like a hurdle. Technically, there is some room for improvement as the upward-sloping […]

Crypto Industry News: Abra’s CEO and founder, Bill Barhydt, said he views Bitcoin as a means of custody, increasingly distancing himself from mainstream market price correlation. “Today, Bitcoin is best suited for storing value, which over time will be increasingly correlated with traditional investment markets,” said Barhydt. After Bitcoin’s beginnings in 2009, assets have followed […]

The US currency showed a corrective growth at the start of trading: the dollar index rose from 95.933 to 96.13 points during the Asian session. The upward dynamics is uncertain, and is primarily due to the comments of US President Donald Trump. The head of the White house once again voiced optimistic rhetoric about the […]

EUR/USD Last Friday, the euro stayed at the target level of 1.1420 for another day, closing the day in a potentially reversal range of 1.1420/65. If the price goes above its upper limit, it will allow the price to grow even higher, to the target level of 1.1560. But with the euro’s growth to 1.1560 […]

EUR/USD Last Friday, the euro stayed at the target level of 1.1420 for another day, closing the day in a potentially reversal range of 1.1420/65. If the price goes above its upper limit, it will allow the price to grow even higher, to the target level of 1.1560. But with the euro’s growth to 1.1560 […]

GBP/USD The pound sterling found out its relationship with the Fibonacci level of 123.6% on the daily chart last Friday and today. The price is supported by the balance indicator line, respectively, this struggle occurs in the territory of a positive market trend. But since the Marlin oscillator is a leading indicator, it has already […]

GBP/USD The pound sterling found out its relationship with the Fibonacci level of 123.6% on the daily chart last Friday and today. The price is supported by the balance indicator line, respectively, this struggle occurs in the territory of a positive market trend. But since the Marlin oscillator is a leading indicator, it has already […]

AUD/USD The Australian dollar does not lose hope to form a rare triple divergence pattern on the Marlin oscillator. The price needs to overcome the June 10 high to do this, for example, taking the target level of 0.7080, which is the July 19, 2019 high. The Marlin signal line turned up on Friday from […]