On the 4-hour chart, GBP/NZD is now about to test the previous day low at 1.9145 as its primary target. If bearish momentum is strong then the pair may reach its secondary target at 1.9118. This scenario is likely to come true if the pair does not rise and close above the 1.9241 level. (Disclaimer) […]

On the 4-hour chart, GBP/CHF is now heading toward 1.1730 to purge the whole Liquidity Pool there. Please pay attention to the retracement upwards during the journey to that level. As long as the currency pair does not close above 1.1829, the price will stay moving into the level of the Liquidity Pool. (Disclaimer) The […]

Trading Recommendation Entry: 0.69930 Reason for Entry: 100% Fibonacci extension, ascending trendline support, moving average support Take Profit: 0.70141 Reason for Take Profit: -27.2% Fibonacci retracement Stop Loss: 0.69764 Reason for Stop Loss: 23.6% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USDCAD bouncing off 1st support, possible bounce! July […]

Trading Recommendation Entry: 1.3578 Reason for Entry: Horizontal overlap support Take Profit :1.3638 Reason for Take Profit: Horizontal swing high resistance Stop Loss:1.3538 Reason for Stop loss: Horizontal swing low support The material has been provided by InstaForex Company – www.instaforex.com Related Posts:AUDUSD holding above trendline support! Further rise… July 15, 2020 Trading RecommendationEntry: 0.69930Reason […]

EUR/USD The euro grew (56 points) yesterday, and it reached the nearest target of 1.1420 this morning, which may go down in a correction, or to go over it and to continue growth to the nearest target of 1.1465, which essentially is the upper limit of the target range 1.1420/65 or much higher to the […]

AUD/USD The Australian dollar is rising for the second day. The signal level of 0.7000 (marked on H4) has been overcome, now the aussie is aiming for 0.7080 (July 2019 high) and it is open. Pinning above the level opens the way to the target range of 0.7190-0.7225. If the price growth is quite brisk, […]

USD/JPY The price has not changed much over the past day, which has kept the technical picture almost unchanged, both on the daily and four-hour scale. The Marlin oscillator is located in the negative part of the indicator on the daily chart, which is in the downward trend zone. The price is probably gathering strength […]

GBP/USD 1H The GBP/USD pair, unlike the EUR/USD pair, started a downward movement and continues it. The support level of 1.2497 was reached yesterday, from which the price successfully rebounded and at the moment adjusted to the critical Kijun-sen line, which is very convenient, since now we will find out in the next few hours […]

EUR/USD 1H The euro/dollar pair corrected to the critical Kijun-sen line and rebounded off it on the hourly timeframe on July 14. Thus, buyers dominated the market again despite the fact that they released quotes from the ascending channel a few days earlier. As a result, the ascending channel had to be rebuilt and now […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – sideways. CCI: -121.2859 The British pound, unlike the European currency, was trading lower on Tuesday, July 14. On the one hand, the reason for the uncorrelation of the two main currency pairs […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – sideways. CCI: -121.2859 The British pound, unlike the European currency, was trading lower on Tuesday, July 14. On the one hand, the reason for the uncorrelation of the two main currency pairs […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 180.3218 The second trading day of the week again remained behind the European currency, which slowly but surely continues to creep up. The upward movement has not stopped since June […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 180.3218 The second trading day of the week again remained behind the European currency, which slowly but surely continues to creep up. The upward movement has not stopped since June […]

EURUSD is trading above 1.14. Price is now breaking above a long-term downward sloping trend line resistance that connects the 2018 highs and the recent 2020 highs at 1.1450 area. EURUSD has been mostly moving sideways the last few months but now the chances are in favor of the bulls. Black line -resistance trend line […]

The EURUSD pair has been trending-up since the pair has initiated the depicted uptrend line on May 14. 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. This week, the uptrend seems to be showing […]

Minute operational scale (H4) Second half of July – overview of the movement options for the main precious metals gold, palladium, platinum, and silver on July 15, 2020. ____________________ Spot Gold The development of the Spot Gold movement from July 15, 2020 will be determined by the development and direction of the breakdown of the […]

The price of gold on Tuesday went down to some correction. The main reason for the emerging recession is, on the one hand, though not quite solid, is the strengthening of the greenback, and on the other, the uncertainty regarding the epidemiological situation. As well observed over the previous trading days, the increase in the […]

A collapse occurred on the Asia-Pacific stock market on Tuesday, which was caused primarily by fears of market participants about the rapid increase in the number of people infected with coronavirus infection in the world. In addition, the escalating conflict situation between the United States of America and China has also had its share of […]

EURUSD: The euro continues to trade upward and already managed to broke through 1.1370 and is trying to gain a foothold higher. This what the ECB has expected. Investors turn to euro as insurance against the too aggressive Fed policy. You may keep purchases from 1.1345, the minimum target is 1.1500. The material has been […]

Trading Recommendation Entry: 74.240 Reason for Entry: 78.6% Fibonacci retracement, ascending trendline support, moving average support Take Profit: 75.160 Reason for Take Profit: Horizontal swing high Stop Loss: 73.917 Reason for Stop Loss:100% Fibonacci extension, Horizontal swing low The material has been provided by InstaForex Company – www.instaforex.com Related Posts:How long indices may rise? July […]

Trading Recommendation Entry: 1.3626 Reason for Entry: Horizontal swing high resistance Take Profit :1.3578 Reason for Take Profit: Horizontal pullback support Stop Loss:1.3650 Reason for Stop loss: Horizontal pullback resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – USDCAD improves somewhat within… July 14, 2020 USDCAD recently climbed above […]

USDCAD recently climbed above all converged simple moving averages (SMAs) and the 1.3594 level, that being the 38.2% Fibonacci retracement of the down leg from 1.4047 to 1.3314. The price is currently resting on the upper surface of the mostly horizontal Ichimoku cloud, but appears to have lost the fuel to push for the ceiling […]

EURCHF staged a respectful bullish rally following the bounce off the 100-day simple moving average (SMA) around the 1.0595 support.  In the very short-term, the positive bias is confirmed by the momentum indicators. The RSI is climbing above the 50 level, while the MACD, having crossed above its trigger line in the negative region, is trying now to surpass the zero line. Should the […]

The world’s leading streaming provider will announce its second-quarter earnings on Thursday after Wall Street’s closing bell, and investors will be eager to find out how many subscribers the firm added amid the lockdowns. Admittedly, that bar has been set pretty low, so Netflix will likely have an easy time beating the gloomy forecasts. If […]

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 […]