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EURGBP recovered its positive bearing as it recently found a foothold on the rising 50-day simple moving average (SMA). The rescued hike appears to be aided by the upward slopes in the 50- and 100-day SMAs. Glancing at the short-term oscillators, it seems positive sentiment has paused. The MACD, slightly in the positive area, looks […]

The European Central Bank is expected to take a pause in its pandemic response and keep policy unchanged when it announces its latest decision on Thursday at 11:45 GMT. Having been the epicentre of the Covid-19 pandemic at one point, Europe is now one of the few regions in the world that has so far […]

GBP/USD has decreased a little in the short term, but the drop was only a temporary one and now the pair seems determined to take out the near-term major resistance. The Pound has taken the lead again as the USD is punished by the USDX’s drop. A USDX’s further drop could push GBP/USD higher in […]

The latest data on the coronavirus indicates that the United States has a constant daily incidence of 65 thousand, while Brazil and India has 23 thousand and 30 thousand daily new cases, respectively. This suggests that no decline or recession has been observed, but the number of deaths or mortality has fallen markedly, which is […]

Vaccine hopes boost risk assets; Wall Street selloff is over before it even began Euro and aussie charge ahead; pound and loonie try to catch up Oil holds its nerve as OPEC+ set to ease production cuts Mixed earnings overshadowed by promising vaccine results Global equities were back in bullish mode on Wednesday after a […]

NZDUSD’s current course seems set to sail east as the pair’s appreciation appears to have become paralyzed. Nevertheless, enhancing positive signals are present from the gradual incline in the 100- and 200-day simple moving averages (SMAs), in addition to a recent bullish crossover of the 200-day SMA by the rocketing 50-day one. That said, the […]

Overview: The EUR/USD pair broke resistance which turned to strong support at the level of 1.1375 yesterday. The level of 1.1375 coincides with a top point (100% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 70. The RSI is still […]

Gold is trading at $1,809 level according to the H4 chart, it has escaped from the minor down channel and now is expected to resume its upside journey. The price has tested and retested the broken $1,800 static resistance, another higher high could give us another chance to buy the yellow metal. The COVID-19 crisis […]

EUR/USD – 1H. Hello, traders! On July 14, the EUR/USD pair continued its growth process after another rebound from the upward trend line. Thus, the mood among traders remains “bullish”. There are many factors that can support the demand for the euro. First, it is the COVID-2019 epidemic in the United States, which continues to […]

GBP/USD – 1H. Hello, traders! According to the hourly chart, the quotes of the GBP/USD pair, after fixing under the upward trend corridor, performed a reversal in favor of the British dollar and began the growth process, despite the fact that the mood of traders is now characterized as “bearish”. From the UK, only negative […]

EUR/USD Analysis: The European currency chart has been dominated by an upward wave since mid-March. Since the beginning of summer, the price has formed a correction. To date, the structure lacks the final section (C). The middle part (B) of the current wave lengthened upwards. The correction structure began to take the form of a […]

The euro/dollar currency pair still held Friday’s round of long operations, as a result of which the quote came close to the local maximum of June 10 – 1.1423, where it formed a slowdown with surgical precision. In fact, we are faced with a market pattern based on which technical analysis works. In turn, traders, […]

Hello, dear colleagues! Well, yesterday’s assumptions about the breakout of EUR/USD up were confirmed. However, the euro bulls did not manage to complete their mission. Tuesday’s trading of the main currency pair of the Forex market ended with a strong growth, and this is despite the fact that the consumer price index in the US […]

Today we take a look at USDCAD 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:Analysis and forecast for GBP/USD on July 15, […]

Good day, dear traders! Yesterday’s UK GDP data showed that the UK economy has begun a gradual recovery from the effects of COVID-19. However, this recovery is still quite fragile. The main reason for the revival of economic activity was the removal or easing of a number of restrictions that the government had to impose […]

Good afternoon traders! Let’s discuss the cryptocurrency, Litecoin (LTC). At the moment, LTC has the following advantages: Litecoin has the necessary scalability to be a fiat, that is, money that can be used to pay for goods and services. Compared to other cryptocurrencies, Litecoin generates much faster, in just 2.5 minutes. Litecoin has a much […]

The pair moved on a downward trend on Tuesday, tested the pullback level 38.2% at 1.2511 (red dotted line), and after that the price went up, reaching the opening of the day. Today, the upward trend may continue. Economic calendar news for the dollar is expected at 14:30 UTC. Trend analysis (Fig. 1). Today, the […]

Forecast for July 15 : Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1498, 1.1466, 1.1421, 1.1381, 1.1362 and 1.1330. Here, we follow the ascending structure of July 10th. The continuation of the upward movement is expected after the […]

USDJPY posted a double bottom around the 106.00 psychological mark, retaining the neutral outlook that has been holding since March 26. The sideways behavior is endorsed by the short-term momentum indicators. The RSI is hovering around its neutral threshold of 50 with weak movement, while the MACD is flattening near the zero level. Meanwhile, the simple moving averages (SMAs) keep moving horizontally slightly […]

WTI oil futures slid into a range structure from 37.07 – 41.60, following a one-and-a-half-month ascent from 6.62. The commodity is holding above the 200-period simple moving average (SMA) but was unable to close above the 41.28 key upper level of a gap in March. The gradual levelling in the 50- and 100-period SMAs as […]

EUR/GBP has recovered from the 0.8936 low. More upside pressure is expected to above the 0.9175 peak and ultimately higher towards 0.9499 peak. Short-term we could see a minor set-back to support near 0.9034 where the next push higher should be expected. Only a break below 0.8936 will cause a revision of our bullish outlook. […]

EUR/JPY broke out short-term key-resistance at 121.96 and we are back to the bullish count. It means that wave 3 is likely to rise to at least 129.64 and closer to the 161.8% extension target at 135.42. Short-term the rally from 120.23 looks unlikely and a minor pull-back to 121.43 should be expected before the […]

To open long positions on GBP/USD, you need: The bear’s attempt to continue the downward trend below the level of 1.2511 turned out to be unsuccessful yesterday. If you look at the 5-minute chart, you will see that after the breakout of this range, which was prepared for the entire European session, sellers tried to […]

To open long positions on EUR/USD, you need: Buyers of the euro managed to break above the level of 1.1373 yesterday and continued to push the pair after good US inflation data. The resistance area of 1.1399 was a small stop, where the bears tried to turn the market in their direction, which can be […]