Overview: In the four time frame, the GBP/USD pair continues to move in an uptrend from the level of 1.2531 since yesterday. So, major support is seen at 1.2531, while immediate resistance is found at 1.2689. Besides, it should be noted that the first support (1.2598) coincides with the ratio of 61.8% Fibonacci Expansion. Today, […]

Finance Ministers of the European Union will conduct a meeting today, at which a new president of the Eurogroup will most likely be elected. It will determine which direction the euro will go to, in which if the new president supports the concept of a more peaceful coexistence between the North and South of the […]

Gold is trading at $1,814 and it is approaching the $1,817 yesterday’s high. The price is strongly bullish and is expected to climb higher in the upcoming period. The USD’s aggressive drop has helped the yellow metal to resume its upside rally. Finally, the gold price has invalidated the bearish divergence signaled by the RSI […]

The second wave of the coronavirus is in full swing. According to the latest data, the United States has recorded a huge number of new infections at 55 thousand per day, and listed deaths to almost 1,000 per day. Brazil has a similar situation, recording 48 thousand new cases and 1,300 deaths. India, meanwhile, has […]

Today we take a look at GBPJPY 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:Trading plan for EUR/USD on July 9, 2020. […]

Good day, dear traders! Daily As a result of yesterday’s growth, the GBP/USD currency pair managed to break through the resistance of sellers at 1.2590, as well as go up a strong 200 exponential moving average and end the Wednesday session at 1.2605. Support for the British currency was provided by the promise of the […]

Hello, dear colleagues! At yesterday’s trading, the main currency pair of the Forex market continued its growth. And this is despite the caution of investors in connection with the continued distribution of COVID-19. The United States of America remains the main focus of infection with the new type of coronavirus infection, followed by Brazil and […]

Today we take a look at GBPJPY 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:Trading plan for EUR/USD on July 9, 2020. […]

EURJPY has been developing within an upward sloping channel over the last couple of weeks, surpassing the simple moving averages (SMAs) in the 4-hour chart. However, the technical indicators are losing some momentum. The RSI is pointing south near 50 level, while the MACD is moving sideways above the zero line. A pull back may […]

Another round of the 10th anniversary XM promotion has ended, and it is our pleasure to announce the prize draw winners. The promotion that started on 1 Nov. 2019 and still has two more rounds until 31 Aug. 2020, is open for all existing and new XM clients who we have invited to join and […]

Stocks and commodity currencies grind higher without much news Sinking dollar lifts all FX boats, pound and loonie capitalize the most Gold rally keeps rolling – has bullion changed roles with the dollar? Weekly US jobless claims today to reveal initial impact of re-closures Investors stick to crisis playbook, buy tech shares and gold News […]

Stocks and commodity currencies grind higher without much news Sinking dollar lifts all FX boats, pound and loonie capitalize the most Gold rally keeps rolling – has bullion changed roles with the dollar? Weekly US jobless claims today to reveal initial impact of re-closures Investors stick to crisis playbook, buy tech shares and gold News […]

The latest FedEx revenues thrilled the market due to the unexpected increase in the company ground supply margins. It’s no secret that FedEx and UPS were forced to adapt to a unique set of working conditions because of the COVID-19 pandemic, so UPS investors may see the same positive scenario at the upcoming UPS earnings […]

EUR/USD Analysis: The direction of the price movement of the European currency since the beginning of June is set by a flat corrective wave. To date, its structure has not been completed. The price is close to the upper limit of the price range formed last month. Forecast: In the next trading sessions, the end […]

Good afternoon traders! Congratulations to those who followed our idea on June 6 , which was to trade long positions in the EUR / USD pair. The plan was to form a classic ABC wave pattern, which is shown in the picture below: Plan: Results: The quotes moved by more than 1300 pips! You may […]

The UK government has announced a new program to stimulate the British economy. It will amount approximately $ 38 billion, and will be used to support the country during the quarantine period. It will be implemented until October of this year, after which the emergency measures will be curtailed, depending on how fast the economy […]

Traders react very painfully to the speeches of FOMC members. The US economy may begin to slow down due to the high growth rate of coronavirus. Traders do not want to buy the dollar and get rid of it. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Simplified wave analysis and forecast […]

EUR/USD – 1H. Hello, traders! The euro/dollar pair performed a reversal in favor of the European currency on July 9 and resumed the growth process, according to the general mood of traders, which is now interpreted as “bullish”. Thus, over the past day, the US currency again came under pressure, despite the fact that there […]

The weakening of dollar positions throughout the market led to the fact that the pound consolidated above the level of 1.2620 once again, signaling intentions to return the quote to its original resistance point in the form of a range level of 1.2770, but is it really so? The characteristic instability of the external background, […]

Technical analysis recommendations for EUR/USD and GBP/USD on July 9 EUR / USD The upward players retained their advantage, remaining above an important reference level – the monthly medium-term trend (1.1245). Thanks to this, they regained their initiative and are now continuing to rise. The nearest resistances are located at 1.1389 – 1.1422 (monthly Fibo […]

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 […]

USDCHF resumed negative momentum this week after failing to climb above the 61.8% Fibonacci retracement level of the March rally that started from the 0.9181 bottom. On the downside there is no key support in sight until 0.9320, hence the sell-off may continue for a bit, with the RSI and the MACD endorsing that bearish view as the former has […]

Trend analysis (Fig. 1). Today, the upward trend may continue from the level of 1.2611 (closing of yesterday’s candle) with a target of 1.2681 – a 76.4% pullback level (blue dotted line). In case of breaking this level, the next target will be 1.2731 – an 85.4% pullback level (blue dashed line). Fig. 1 (daily […]

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 […]

EURUSD climbed to a new one-month top of 1.1370 earlier today, breaking the neutral range of 1.1187 – 1.1347 to the upside, which had been holding since June 11. This bullish penetration drove the momentum indicators higher sending the stochastic into the overbought territory and the MACD above its trigger line in the 4-hour chart. […]