Greetings crypto enthusiasts! In this article, we will analyze the term “Bitcoin whale” and consider how it affects the emotional and material part of the market. The term “Bitcoin whale” itself refers to an individual or legal entity, it has more than 10 thousand Bitcoins on its account, and its volume can affect the price […]

The European Commission previously suggested that the EU’s GDP would drop by 8.7% in 2020 and rise by 6.1% in 2021. The eurozone economy would fall by 8.3% in 2020 and advance by 5.8% in 2021. However, while making the calculations, economists did not take into account a prolonged quarantine. Thus, the crash will be […]

Excess fuel for heating and electricity led to a drop in gas prices. While other assets are recovering from the pandemic and rising in price, natural gas is lagging behind. Traders do not expect gas prices to rise at least until the start of the heating season. Currently, the price of natural gas is set […]

There were no single common dynamics in the changes in the stock exchanges of the Asia-Pacific region this morning. Indices move in different directions in response to the worsening situation in the economy still in connection with the rapid increase in the number of COVID-19 patients around the world. Over the past few trading sessions, […]

Technical analysis: Gold has been trading upwards and we got continuation of the bigger upward trend. Since the Gold did break of $1,789 there is potentila for the bigger rise towards the $1,821. Trading recommendation: Watch for buying opportunities on the dops using the 30 minutes or 1H time-frame. I see potential for the further […]

Yesterday’s negative dynamics on the price of oil continued this morning. A rebound takes place ahead of the publication of a new batch of statistics on the level of hydrocarbon reserves in the United States of America. The country’s Department of Energy should submit its next report, which will indicate all the changes that have […]

EUR / USD On July 7, the EUR / USD pair lost about 40 basis points, but the current wave markings still include the upward set of waves as parts of wave 5 in C and B. Thus, another increase in quotes will occur, targeting the levels near the 161.8% and 200.0% Fibonacci. Until a […]

EUR / USD On July 7, the EUR / USD pair lost about 40 basis points, but the current wave markings still include the upward set of waves as parts of wave 5 in C and B. Thus, another increase in quotes will occur, targeting the levels near the 161.8% and 200.0% Fibonacci. Until a […]

The Canadian dollar has underperformed other G10 commodity currencies lately, eating the dust of the aussie and the kiwi since markets bottomed in March, despite a powerful rally in oil prices. This might reflect uncertainties emanating from the US, which Canada’s economy is highly exposed to, and the threat of new tariffs. The upcoming jobs […]

GBPJPY in spite of the latest pullback has managed to keep its bullish tone. The surge from the 131.93 low has held a positive trend climbing above the simple moving averages (SMAs). Additionally, the rising Ichimoku lines and the cloud promote extra gains. The short-term oscillators also suggest growing positive momentum. The MACD, in the […]

NZDUSD touched the four-month peak of 0.6580 for the second time over the last month. The momentum indicators, though, are currently suggesting that the buying interest may have topped, and the pair may be regain positive momentum. The RSI and the MACD are pointing slightly down, and from the Ichimoku indicators, the red Tenkan-sen line has also paused its upside move. A […]

On Tuesday, the greenback strengthened against its major counterparts. On Wednesday, the US dollar continues to gain ground. Market participants are still focusing on the news about the spread of the coronavirus infection across the world. Information about a significant increase in COVID-19 cases in the United States and the reintroduction of quarantine restrictions in […]

For the first time since November 2011, gold managed to break the $ 1,800 per ounce mark thanks to gloomy economic forecasts and the Federal Reserve’s readiness to expand the volume of monetary expansion. FOMC Vice President Richard Clarida argues that the Central Bank’s arsenal of ammunition is not exhausted, and the Fed’s balance sheet […]

To open long positions on EURUSD, you need: In the first half of the day, euro buyers again began to actively protect the support of 1.1267, from which I recommended opening long positions after forming a false breakout in the continuation of the upward trend. If you look at the 5-minute chart, you will see […]

Before the meeting of the Bank of Canada, experts recorded a revival in the market during operations with the Canadian currency. The Canadian dollar has repeatedly shown growth, but analysts are confident that it is overvalued and is on the verge of another collapse. According to calculations by CIBC currency strategists, the fair price of […]

Before the meeting of the Bank of Canada, experts recorded a revival in the market during operations with the Canadian currency. The Canadian dollar has repeatedly shown growth, but analysts are confident that it is overvalued and is on the verge of another collapse. According to calculations by CIBC currency strategists, the fair price of […]

Overview: On one-hour chart, the EUR/USD pair is continuing in a bullish market from the supports of 1.2228 and 1.1250. Also, it should be noted that the current price is in a bullish channel. Immediate support is seen at 1.1269 which coincides with a key level (50% of Fibonacci). Consequently, the first support sets at […]

Gold has resumed the bullish movement and now is pressuring the $1,800 level. Technically, the price is expected to take out this obstacle and to approach and reach fresh new highs. The uptrend was confirmed by several retests of a dynamic support, I believe that only a significant reversal pattern on the $1,800 could send […]

Gold has resumed the bullish movement and now is pressuring the $1,800 level. Technically, the price is expected to take out this obstacle and to approach and reach fresh new highs. The uptrend was confirmed by several retests of a dynamic support, I believe that only a significant reversal pattern on the $1,800 could send […]

Using complex analysis, we can see a surge of speculative activity, which brought the quote out of the boundaries of stagnation. As we can see, the past trading day was interrupted by a looping process of fluctuation along the variable level of 1.2500. There, the quote stood in a narrow range for more than 80 […]

The pair is trading in the green today and is about to validate the breakout above a critical dynamic resistance. It is trading at 1.1289, yesterday’s drop was only a temporary one as the USDX has rebounded. EUR/USD should resume the upwards movement if the dollar index drops deeper. Unfortunately, the ISM Non-Manufacturing PMI has […]

Hello, dear colleagues! During the current five-day trading period, the euro/dollar currency pair continues to trade in the range of 1.1352-1.1185. Daily This is the trading range observed since June 16, and it is very clearly visible on the daily chart of the main currency pair of the Forex market. It is likely that in […]

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The pound paired with the dollar is growing this week for two reasons: First, Downing Street announced additional incentives for the economy, and secondly, there were rumors on the market about a possible breakthrough in the Brexit issue. These fundamental factors helped the GBP/USD pair to consolidate within the 25th figure and even approach the […]

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:Trading plan for EUR/USD on July 8, 2020. […]