The latest data shows that the United States still holds the title of the “highest number of coronavirus cases from around the world”. Its daily incidence has leaped again to more than 55 thousand, and deaths have increased to almost 1,000 per day. Brazil also observes the same situation, with the number of new cases […]

Technical analysis recommendations for EUR / USD and GBP / USD on July 8 EUR / USD The pair tested the zone of influence of the previous maximum (1.1349) and returned to the accumulation of daily cross levels (Tenkan 1.1265). The general situation has not changed, the main tasks and goals also remain the same. […]

EUR/USD: The EUR/USD pair looks amazing, but it seems that the euro is coming out of a rest state. Throughout Tuesday, there was a lively battle between the bulls and bears on the euro for the right to own the level of 1.1240 – the game ended in a draw last night. But on Wednesday […]

During the competition between the European and American currencies, which is especially noticeable in the EUR/USD pair, few people pay attention to the dynamics of Chinese currency. At the same time, the yuan also seeks to strengthen its position under the global financial sun. Experts believe that China will achieve what it wants sooner or […]

Trading Recommendation Entry: 1.26113 Reason for Entry: 61.8% fibonacci extension and 61.8% fibonacci retracement Take Profit: 1.24548 Reason for Take Profit: Horizontal swing low support Stop Loss: 1.26708 Reason for Take Profit: Horizontal swing high resistance, 78.6% fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – EURGBP closes […]

The euro declined due to the weak macroeconomic data on the European economy. Meanwhile, the demand for the dollar returned after the United States and other developing countries observed a surge in COVID- 19 infections. Ever since Europe and the US opened their economies, new outbreaks of coronavirus were observed, which completely erased hopes for […]

The euro declined due to the weak macroeconomic data on the European economy. Meanwhile, the demand for the dollar returned after the United States and other developing countries observed a surge in COVID- 19 infections. Ever since Europe and the US opened their economies, new outbreaks of coronavirus were observed, which completely erased hopes for […]

The increase in reports of rising new cases of coronavirus infection casts doubt on the near recovery of the global economy to the start of the year levels and increases overall uncertainty. As a result, the stock indices of most countries went into the “red” zone on Wednesday morning. On the other hand, gold is […]

The increase in reports of rising new cases of coronavirus infection casts doubt on the near recovery of the global economy to the start of the year levels and increases overall uncertainty. As a result, the stock indices of most countries went into the “red” zone on Wednesday morning. On the other hand, gold is […]

Markets calm down after a mild dose of risk aversion Dollar climbs and stocks pull back, though both moves retrace on Wednesday Sterling outperforms ahead of a budget update by Chancellor Sunak today Gold shines bright, touches 2011 highs amid ‘organic’ demand Markets split between narratives Doubts around the resilience of the economic recovery returned […]

EURGBP slipped below the 20-day simple moving average (SMA) on Tuesday and closed marginally below the ascending trendline that has been strictly supporting the market since the sharp rebound in mid-February. Another negative close below that line could strengthen warnings that the weakness in the price may persist, confirming the somewhat discouraging signal the falling RSI […]

USDJPY’s fixed course continues to edge sideways below the steady 200-day simple moving average (SMA), squeezed by the upper and mid-Bollinger bands. The convergence in the 50- and 100-day SMAs and their flattening tone suggest that the current path may endure a while longer. Looking at the short-term oscillators, directional momentum is non-existent. The MACD […]

The price movement in the variable range of 1.1180 // 1.1250 / 1.1350 has been focusing on the market for more than three weeks, where the set boundaries are worked out on a systematic basis, obtaining a simple but no less profitable trading strategy. he past day gave an opportunity to partially return to the […]

Last week, the FOMC released the minutes of its June meeting, which discussed the intention of Fed officials to change the rate of federal funds, as well as fix the balance sheet. In other words, the FOMC is likely to strengthen its benchmarks next year: Indeed, the committee members agree that the current position of […]

For the euro/dollar pair, the price has formed the potential for the top of July 1. We expect further development of this structure after the breakdown of the level of 1.1312. The level of 1.1245 is the key support. For the pound/dollar pair, the main development of the upward trend is expected after the breakdown […]

Technical Market Outlook: After the EUR/USD pair has hit the level of 1.1347 which is the part of the supply zone located between the levels of 1.1347 – 1.1361 the price reversed quickly. The Bearish Engulfing candlestick pattern at the top of the rally has forced bulls to pull-back towards the technical support located at […]

Trend analysis (Fig. 1). Today, an upward pullback is possible from the level of 1.1276 (closing of yesterday’s candle) with the target at the resistance line 1.1330 (white bold line). If this is achieved, the upward trend may continue with the next target at the historical resistance level of 1.1398 (blue dashed line). Fig. 1 […]

Trend analysis (Fig. 1). Today, the upward trend is likely to continue from the level of 1.2544 (closing of yesterday’s candle) with a target at 1.2598 – a 61.8% retracement level (blue dotted line). Upon reaching this level, the upward may continue with the next target at 1.2680 – a 76.4% retracement level (blue dashed […]

Technical Market Outlook: The GBP/USD bulls has almost hit the next target which was 61% Fibonacci retracement located at the level of 1.2597. After a underachieved rally, the market is now consolidating in a narrow range. Please notice, there is an important intraday technical resistance located just above 50% Fibonacci retracement at the level of […]

In general, the pound recalls Brexit if nothing happens in the market. Although throughout yesterday, the pound was growing not only because of the expectation of the next statements on this issue. Macroeconomic statistics slightly helped. Another thing is that usually no one looks at this data at all. So, yes, the main driving force […]

Crypto Industry News: Willie Breedt, a South African citizen accused of stealing up to $ 16.3 million from around 2,000 investors through his VaultAge Solutions program, was allegedly forced into bankruptcy by a local court. According to a recent media report, the whole situation was initiated on 3 July by Simon Dix – one of […]

USDJPY’s fixed course continues to edge sideways below the steady 200-day simple moving average (SMA), squeezed by the upper and mid-Bollinger bands. The convergence in the 50- and 100-day SMAs and their flattening tone suggest that the current path may endure a while longer. Looking at the short-term oscillators, directional momentum is non-existent. The MACD […]

Gold surged to an almost nine-year peak of 1,797 on Tuesday’s session, retaining the strong bullish structure. Currently, the price is holding well above the simple moving averages (SMAs) and the Ichimoku cloud in the 4-hour chart. However, looking at the short-term technical indicators, the RSI is moving sideways slightly below the 70 level, while […]

Gold surged to an almost nine-year peak of 1,797 on Tuesday’s session, retaining the strong bullish structure. Currently, the price is holding well above the simple moving averages (SMAs) and the Ichimoku cloud in the 4-hour chart. However, looking at the short-term technical indicators, the RSI is moving sideways slightly below the 70 level, while […]

Crypto Industry News: For several weeks, Bitcoin miners have been holding more and more while the price is above $ 9,000. Meanwhile, Bitcoin mining may become more difficult within a week. It seems that at a time when more Bitcoin miners were turning on their machines, increasing hashrate or network computing power, they are also […]