AUDUSD appears to be building confidence to revisit the region around the nearly 11-month high of 0.7064. The recent strengthening in the pair is reflected in the short-term oscillators and boosted by the recent bullish crossover of the 200-day simple moving average (SMA) by the ascending 50-day one. The MACD, deep in the positive region […]

Honestly, yesterday should have been probably the most boring and dull throughout the trading week. Like it or not, the macroeconomic calendar was completely empty. So on the charts of quotes, we had to contemplate a horizontal line and this is the worst case scenario. In a good way, even a certain downward movement of […]

Crypto Industry News: The Bolivarian National Guard in Puerto Ordaz, Venezuela, seized 315 Bitcoin mining machines manufactured by Bitmain. The owners of mining platforms were told that they did not have the necessary permits to own and operate machinery. They were also not authorized to transport machines during the COVID-19 quarantine. Under current regulations, Venezuelan […]

Crypto Industry News: Torus, a Singapore-based cryptographic key management platform, now allows users to send cryptocurrencies via social media platforms such as Twitter. According to the latest Torus update, v1.7.2, users can now send tokens to any Twitter or GitHub account, even if the account has never used a Torus cryptographic wallet, the company said. […]

Technical Market Outlook: The GBP/USD bulls has broken through the 61% Fibonacci retracement located at the level of 1.2597 and continued the rally towards the level of 1.2640. The next target for bulls is seen at the level of 1.2686 and 1.2747. The immediate support is now located at the level of 1.2542. The momentum […]

Technical Market Outlook: The Bearish Engulfing candlestick pattern at the top of the EUR/USD last rally has forced bulls to pull-back towards the technical support located at the level of 1.1300, but the retreat did not last long. The bulls have manage to push the price through the supply zone located between the levels of […]

On Wednesday, the attention of the market shifted from the impact of the coronavirus pandemic on the positive aspects associated with the recovery of the global economy. If the US stock market somewhat revived on Wednesday, despite the increase in the number of cases in America, Europe has remained in the negative zone in the […]

Macroeconomic data was not released yesterday, and ideally, the market should have just stood still. And that’s exactly what happened until the Federal Reserve intervened towards the end of the trading day. The US central bank in the form of Raphael Bostic greatly frightened market participants. The head of the Federal Reserve Bank of Atlanta […]

Yesterday, the USD/CHF pair went beyond the medium-term accumulation zone. This indicates a continuation of the bearish impulse. The nearest goal of the decline is the zone of the average weekly move, the lower border of which is located around the level of 0.9313. Working towards the strengthening of the franc is the basis for […]

Forecast for July 9: Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1467, 1.1424, 1.1393, 1.1376, 1.1349, 1.1330 and 1.1293. Here, we are following the rising structure from July 1. A short-term upward movement is expected in the range […]

To open long positions on EUR/USD, you need: The euro continued to strengthen its position, having picked up to weekly highs, amid the lack of important fundamental statistics and several unsuccessful attempts by the bears to regain the level of 1.1267, the breakout of which is only a matter of time. There were several signals […]

To open long positions on EUR/USD, you need: The euro continued to strengthen its position, having picked up to weekly highs, amid the lack of important fundamental statistics and several unsuccessful attempts by the bears to regain the level of 1.1267, the breakout of which is only a matter of time. There were several signals […]

GBP/USD The British pound took full advantage of the dollar’s weakness yesterday and showed an increase of 66 points. As usual, the price was supported by the balance line on the daily chart (red indicator). There are less than 40 points left to reach the first target level of 1.2645. The level is strong, the […]

EUR/USD The euro confirmed its intention to form a new local high yesterday, above June 10 at 1.1420, and thereby form a divergence with the Marlin oscillator. The signal line of this indicator entered the positive trend zone. We are waiting for the price in the target range of 1.1420/65. Overcoming it can raise the […]

AUD/USD The Australian dollar attacked the signal level of 0.6979 on Wednesday before attacking 0.7080. Our plan remains: the price will reach the target range of 0.7190-0.7225, form a triple divergence with the Marlin oscillator and turn into a medium-term decline. The price is slightly below the control level of 0.6979 on the four-hour chart […]

USD/JPY The volatile nature of the stock market pushed the USD/JPY pair by 25 points on Wednesday. The price is back under the balance indicator line on the daily chart. The US market still closed in the same territory; S&P 500 0.78%, Russell 2000 0.41%, this growth is supported today on Asian markets: Nikkei 225 […]

Trading Recommendation Entry: 134.708 Reason for Entry: Moving average support, 23.6% Fibonacci retracement, ascending trendline support Take Profit: 136.354 Reason for Take Profit: -27% Fibonacci retracement, 200% Fibonacci extension Stop Loss: 133.710 Reason for Stop Loss: 50% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EURUSD back tests triangle and […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – upward. CCI: 225.7567 The British pound resumed its upward movement in the second half of the past day. And since the European currency has also become more expensive, we can conclude that […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – sideways. Moving average (20; smoothed) – upward. CCI: 159.1110 The EUR/USD currency pair spent the third trading day of the week in absolutely calm trading. The pair’s quotes fell to the moving average line the day before, so […]

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 […]

EURUSD: As observed, the euro, again, attempts to break through the level of 1.1345. Sellers rally around the said level in hopes to protect it. There are two possible scenarios: 1) The euro breaks through 1.1345 and closes the day higher. Or 2) The attempt to break through 1.1345 fails and the euro turns down […]

EURUSD yesterday back tested the key short-term support area of 1.1265-85. This was once resistance and is now support. The bounce off the support level and the recapturing of 1.13 are bullish signs. Red line – resistance Green line- support EURUSD broke above the upper triangle boundary, pulled back as a back test and is […]

Gold price has made new higher highs today around $1,820 and has fulfilled the expectations from the break out of the inverted head and shoulders pattern. Trend remains bullish however traders need to be cautious and protect their gains. Black line – support trend line Green line – neckline Red lines -size of upward move […]

Technical analysis: Trading recommendation: The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Evening review on EURUSD for July 08, 2020 July 8, 2020 EURUSD: As observed, the euro, again, attempts to break through…EUR/USD analysis for July 08 2020 – Major resistance… July 8, 2020 Technical analysis: Trading recommendation: The material has been […]

Technical analysis: Trading recommendation: The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Evening review on EURUSD for July 08, 2020 July 8, 2020 EURUSD: As observed, the euro, again, attempts to break through…Gold price reaches second target area July 8, 2020 Gold price has made new higher highs today around $1,820…BTC analysis […]