The CFTC report released on Friday did not bring any surprises. Most commodity currencies strengthened their positions, the long position on the yen sharply declined, which may indicate a continuation of the current trend as a whole – a gradual increase in demand for risky assets and a way out of protective ones. This is […]

Trend analysis. This week, the price from the level of 1.2619 (closing of the last weekly candle) will move up with the goal of reaching the resistance line – 1.2758 (red bold line). If this line is reached, it is possible to work down with the target at 1.2566, the pullback level is 38.2% (blue […]

Trend analysis. This week, the price from the level of 1.1299 (closing of the last weekly candle) can begin to decline, with the first target 1.1268 – a pullback level of 50.0% (blue dashed line). Upon reaching this level, it is possible to further work down with the next target 1.1245 – a pullback level […]

Oil prices rose more than 1% on Friday after the International Energy Agency (IEA) predicted an increase in demand by the end of 2020. Brent LCOc1 went up 59 cents, or 1.4%, to $ 42.94 a barrel, while American CLc1 rose 53 cents, or 1.3 %, up to $ 40.15 per barrel. In Paris, the […]

The pair traded downward on Friday and tested 1.2572 – a 23.6% pullback level (red dotted line), but did not manage to break through it. After that, the price rolled back up then tested the upper fractal 1.2670 (red dotted line), but again failed to break this strong level and rolled back down. Today, the […]

Trend analysis (Fig. 1). Today, the upward trend may continue from the level of 1.1303 (closing of the Friday afternoon candle) with the target to break through the resistance line 1.1326 (white bold line). From this level, a downward pullback is possible with the target of 1.1247 – a 61.8% pullback level (blue dashed line). […]

EURUSD has been trading sideways over the last month failing to improve the bullish rally that started from the 1.0870 support. Currently, the pair is standing above the 20-day simple moving average (SMA), however, the red Tenkan-sen line dropped beneath the blue Kijun-sen line, suggesting a possible downside retracement. Looking at the momentum indicators, the […]

Good afternoon traders! A trading idea for the USD / CAD pair. The macroeconomic reports published on Friday led to the weakening of the USD / CAD pair. It resulted in the quotes closing with a pin bar in the daily chart (D1). To lower the pair even more in the trading chart, open short […]

Technical Market Outlook: The GBP/USD pair has bounced from the short-term trend line support located around the level of 1.2566.. The bulls has pushed the price towards the last high located at the level of 1.2668, but so far there is no violation of this level. The momentum remains strong and positive and bulls keep […]

Technical Market Outlook: The EUR/USD pair has bounced from the level of 1.1255, so this level might be considered as a lower low. The bounce has so far made it to the level of 1.1336, so no new high was made and if the market reverse here, then it will be considered as a lower […]

Crypto Industry News: US secret services announced the creation of a Cybercrime Task Force (CFTF), while bringing their Electronic Crime Task Force and Financial Crime Task Force together into a single network. According to an official announcement, the secret services have been planning for two years to create a unified task force to fight cybercrime […]

Crypto Industry News: Japan Virtual and Crypto Asset Exchange Association (JVCEA) – a self-regulatory organization for the cryptographic industry in Japan – recently published a March report on Japanese main cryptocurrency resources. 169.376 BTC is listed on the Japanese stock exchanges, over 11% more than in the previous month. XRP increased by 6.4% to XRP […]

Despite the increase in the number of deaths and cases in the United States from coronavirus infection, which previously clearly supported the dollar as a safe haven currency, it still ended in the negative zone last week. According to the dynamics of the ICE dollar index, the US currency finished under noticeable pressure, and this […]

Forecast for July 13 : Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1371, 1.1343, 1.1283, 1.1257, 1.1224, 1.1182 and 1.1154. Here, the price forms the potential for the downward movement of July 9 and is currently close to […]

EURUSD last week re-tested the broken triangle resistance trend line around the 1.1270 area and bulls successfully bounced off of it. Price continues to respect this support area and this confirms that importance of this level. Red line – previous resistance now support Green line – upward sloping support trend line EURUSD is trading again […]

To open long positions on EUR/USD, you need: The euro strengthened after buyers gave an active rebuff at 1.1267 last Friday, forming the first signal to buy the euro. If you look at the 5-minute chart, you will see how the bulls were active and just above the resistance of 1.1311, but it was not […]

Trading Recommendation Entry: 74.579 Reason for Entry: 50% fibonacci retracement, 100% fibonacci extension and horizontal pullback resistance Take Profit: 73.854 Reason for Take Profit: Horizontal swing low support, 76.4% fibonacci retracement Stop Loss: 75.061 Reason for Take Profit: Horizontal swing high resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:BTC analysis […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – sideways. CCI: -1.6055 A new trading week begins for the euro/dollar pair with the same vague movement that has been observed in the last month. On the one hand, the side channel […]

4-hour timeframe Last week, the British pound traded very confidently in an upward direction. Market participants bought the British pound quite zealously, despite the next failed negotiations between Brussels and London, which significantly reduces the likelihood of signing an agreement between the parties. Although both sides understand that they will suffer losses without a free […]

4-hour timeframe Over the past week, the EUR/USD currency pair has been trading in a “swing” mode with a minimal advantage of the European currency. At the same time, the side channel that we discussed in recent articles (1.1200-1.1350) also remained in force. In the final part of the week, the pair attempted to overcome […]

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 […]

Recently, Bullish breakout above 1.2265 has enhanced many bullish movements up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In the period between March 27- May 12). Shortly after, transient bearish breakout below 1.2265 (Consolidation Range Lower Limit) was demonstrated in the period between […]

Minute operational scale (H4) Who will be happy with the number 13 – for the “bulls” or for the “bears”? Development options for the movement of #USDX vs EUR/USD & GBP/USD & USD/JPY (H4) on July 13, 2020. ____________________ US dollar index From 13 July 2020, the movement of the dollar index #USDX will be […]

On Thursday, 63,000 new cases of COVID-19 were reported in the United States. This is the largest leap that has ever occurred in any country during the coronavirus pandemic. However, in some cities in the Asia-Pacific region that have previously been able to contain the disease, such as Tokyo, Hong Kong, and Melbourne, there have […]

EURUSD The morning hike moved at a slow pace, thus showed that buyers have no strength in the euro. They updated the June maximum by as much as 20 pips and then collapsed to 1.1255 which is 120 points down. Thus, did not justify a potential growth. However, during the downward trend, the sellers reached […]