It’s a quiet week as far as scheduled events go, with the main highlight being the EU summit about the recovery fund, which exposes the euro to weekend risk. What will truly drive markets though, is the ongoing clash between hopes for a virus vaccine and worries that the economic recovery is ‘levelling off’. It’s […]

Technical analysis: Trading recommendation: The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – NZDUSD remains trapped in… July 17, 2020 NZDUSD is fixed around the steadied Ichimoku lines and 50-period…Analysis of Gold for July 17,.2020 – First downside… July 17, 2020 Technical analysis: Gold has been trading downwards. As I […]

Technical analysis: Gold has been trading downwards. As I expected, the Gold reached our first downward target at $1,794 but then rejected into the middle of the trading range again. I see sideways movement but with potential for the breakout and bigger direction movement. Trading recommendation: The material has been provided by InstaForex Company – […]

The EUR / USD pair is trading in a narrow range ahead of the two-day meeting of EU leaders on July 17-18, during which the fate of the eurozone economic recovery fund will be decided. According to experts, EU leaders will have a hard time finding a common ground with regards to the 750-billion assistance […]

Gold is trading at $1,803 level and is fighting hard to stabilize above the broken $1,800 psychological level. You can notice that the uptrend is unharmed as the rate is traded above the red uptrend line, so the outlook is bullish. The yellow metal has confirmed further growth when it has ignored the former resistance […]

EUR/USD has rallied again signaling that the decrease is complete, the greenback has lost ground again as the Dollar Index has plunged in the last hours. The pair is traded at 1.1413 level and it could resume its upside movement even if the US data have come in better than expected in the last days. […]

EUR/USD: The euro/dollar pair is starting a new attempt to grow. We buy the dollar and the euro from pullbacks to the average. The ECB’s decision and news from the US are mixed for the euro. The ECB is for growth while the US wanted to slow it down. We hold euro purchases from the […]

EUR / USD On July 15, the EUR/USD pair lost about 30 pips, but this decline did not particularly affect the current wave counting. Thus, the instrument presumably remains within the framework of a wave 3 in 5 in C in B. If this is true, then the increase in quotes will resume in the […]

Risk Warning: 75.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Risk Warning: 75.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

It seems that the second wave of the pandemic is much stronger than the first. According to the latest data, the United States has recorded a new peak in daily incidence at 73 thousand. If added with the number of cases in the two other leaders, Brazil and India, the number of infections total to […]

Risk Warning: 75.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

US daily virus tally tops 77,000; escalation in Australia and Japan also worries investors Stocks tread water but stimulus and vaccine hopes keep bull market alive Euro on the backfoot ahead of EU stimulus decision No letup in new virus cases yet A continued surge in the number of new coronavirus cases being reported in […]

AUD/USD is trading at 0.6985 level and maintains a bullish bias, but the false breakout above 0.7000 and the bearish engulfing has signaled that the pair is under pressure in the short term. The latest upbeat US data has pushed AUD/USD lower again in the short. It remains to see what will happen today after […]

AUD/USD is trading at 0.6985 level and maintains a bullish bias, but the false breakout above 0.7000 and the bearish engulfing has signaled that the pair is under pressure in the short term. The latest upbeat US data has pushed AUD/USD lower again in the short. It remains to see what will happen today after […]

Trading Recommendation Entry: 122.098 Reason for Entry: 23.6% fibonacci retracement, horizontal overlap resistance and descending trend line Take Profit: 121.641 Reason for Take Profit: 38.2% fibonacci retracement Stop Loss: 122.324 Reason for Take Profit: Horizontal swing high resistance, 61.8% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Gold price gets […]

Trading Recommendation Entry: 122.098 Reason for Entry: 23.6% fibonacci retracement, horizontal overlap resistance and descending trend line Take Profit: 121.641 Reason for Take Profit: 38.2% fibonacci retracement Stop Loss: 122.324 Reason for Take Profit: Horizontal swing high resistance, 61.8% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Gold price gets […]

Technical analysis recommendations for EUR/USD and GBP/USD on July 17 EUR / USD Yesterday, the pair confirmed the slowdown again that was outlined when testing the resistance 1.1389 – 1.1422 (monthly Fibo Kijun + maximum June extreme). Moreover, it was possible to close the working day under the encountered resistance. Today, the result of the […]

Technical analysis recommendations for EUR/USD and GBP/USD on July 17 EUR / USD Yesterday, the pair confirmed the slowdown again that was outlined when testing the resistance 1.1389 – 1.1422 (monthly Fibo Kijun + maximum June extreme). Moreover, it was possible to close the working day under the encountered resistance. Today, the result of the […]

At its recent meeting, the European Central Bank said that it intends to leave its policy and key rates unchanged, in which the main lending rate will remain at 0% while the deposit rate will remain at 0.50%. They also pointed out an extremely uncertain economic prospect because of the weak indicators last April, saying […]

At its recent meeting, the European Central Bank said that it intends to leave its policy and key rates unchanged, in which the main lending rate will remain at 0% while the deposit rate will remain at 0.50%. They also pointed out an extremely uncertain economic prospect because of the weak indicators last April, saying […]

GBPJPY has come to a standstill at 134.47, that being the 50.0% Fibonacci retracement of the down leg from 144.94 to 124.00. The 200-day simple moving average (SMA) sponsors a broader neutral picture with its mostly horizontal tone while the recent bullish crossover of the 100-day SMA by the ascending 50-day one, may provide the […]

Technical Market Outlook: After the GBP/USD pair had made a Bearish Engulfing pattern at the top of rally towards the level of 1.2668, the market reversed back to the middle of the range and is currently testing the local technical support located at the level of 1.2547. The RSI indicator shows the momentum is neutral, […]

Technical Market Outlook: The EUR/USD pair last attempt to rally above the supply zone located between the levels of 1.1406 – 1.1419 might have been terminated due to the Pin Bar candlestick made around the level of 1.1441. Moreover, the RSI indicator shows the positive, but not that strong momentum and is pointing south, so […]

The 200-day simple moving average (SMA) limited downside corrections in USDCAD, holding the pair above its recent lows. Still, positive movements were constrained too, as the descending trendline with the help of the 23.6% Fibonacci retracement of the 1.4667-1.3314 downleg managed to keep the bulls under control. Currently, the momentum indicators are not very promising […]