EUR/GBP broke below short-term important support at 0.9000. It may dip to 0.8946 before the next rally to the short-term important resistance at 0.9068 which confirms renewed upside pressure. The break below short-term key support at 0.9000 indicates a temporary bearish count. This count calls for a continuation lower to 0.8347 before the decline from […]

GBP/JPY continues to push higher. If it breaks above resistance at 134.59, it should act as support for the next impulsive rally towards the next minor target at 136.35. In the longer term, we are looking for GBP/JPY to rally back to the 139.74 peak. If support at 134.59 is broken, strong back-up support is […]

There is a hidden divergence on the 4-hour chart between the Litecoin price with the Stochastic Oscillator. From this technical point of view, Litecoin has a chance to test the 45.98 level and if the bullish momentum is strong enough then 46.88 will be the next target. This scenario will be canceled if Litecoin drops […]

To open long positions on GBP/USD, you need: Yesterday’s news that an informal meeting of Brexit negotiators is taking place in the UK provided significant support to the pound, as it clearly indicates the parties’ interest in concluding a deal. If you look at the 5-minute chart and remember my forecast yesterday afternoon, you will […]

To open long positions on EUR/USD, you need: Buyers of the euro made another attempt to keep the upward trend on their side and were active at 1.1272 yesterday, from which I advised you to open long positions in my forecast for the afternoon. If you look at the 5-minute chart, you will see how […]

Trading Recommendation Entry: 1.3611 Reason for Entry: Horizontal swing high Take Profit :1.3560 Reason for Take Profit: The horizontal overlap support Stop Loss:1.3650 Reason for Stop loss: Horizontal overlap resistance The material has been provided by InstaForex Company – www.instaforex.com Related Posts:CADJPY coming close to descending trendline… July 8, 2020 Trading RecommendationEntry: 79.260Reason for Entry: […]

EUR/USD The euro continued to grow on Tuesday, having previously tested support for the target level of 1.1265 from above. As yesterday, the price is developing above the balance and MACD indicator lines on the daily chart, but the Marlin oscillator has not been able to move into the positive (growing) trend zone. The euro’s […]

GBP/USD The pound successfully overcame the resistance of the 123.6% Fibonacci level at 1.2540 yesterday. The Marlin oscillator has invaded growth territory on the daily chart. The price is directly held by the balance indicator line. Now the nearest target of the pound is the Fibonacci level of 110.0% at the price of 1.2645. Overcoming […]

AUD/USD The Australian dollar fell by 70 points yesterday in the morning due to the introduction of a re-quarantine in Melbourne due to the onset of the second wave of coronavirus infection. However, investors were so keen on beating the US dollar that, despite the fall in the stock market (Euro Stoxx 50 -0.85%, S&P […]

USD/JPY Our comment from yesterday about how it is difficult for the USD/JPY pair to grow due to significant technical resistance was realized as the price re-tested the target level of 107.77 and a quick subsequent pullback from it. But the daily candle remained white and once again the price attacked an unstable level this […]

Trading Recommendation Entry: 79.260 Reason for Entry: Moving average resistance, 61.8% Fibonacci retracement, descending trendline resistance Take Profit: 78.883 Reason for Take Profit: -27% Fibonacci retracement, 100% Fibonacci extension Stop Loss: 79.424 Reason for Stop Loss: Recent swing high The material has been provided by InstaForex Company – www.instaforex.com Related Posts:CADJPY coming close to descending […]

Trading Recommendation Entry: 79.260 Reason for Entry: Moving average resistance, 61.8% Fibonacci retracement, descending trendline resistance Take Profit: 78.883 Reason for Take Profit: -27% Fibonacci retracement, 100% Fibonacci extension Stop Loss: 79.424 Reason for Stop Loss: Recent swing high The material has been provided by InstaForex Company – www.instaforex.com Related Posts:CADJPY coming close to descending […]

GBP/USD 1H The GBP/USD currency pair, in contrast to EUR/USD, was trading higher on Tuesday, traders managed to reach the resistance level of 1.2589, and also overcome the level of 1.2530, from which the quotes rebounded three times earlier. At the moment, the pound/dollar pair is being corrected, but a new upward trend is emerging. […]

EUR/USD 1H The EUR/USD pair continued its downward movement on the hourly timeframe on July 7 after it reached the resistance area of 1.1326–1.1342 for the third time. The pair fell to the important Senkou Span B line, then rebounded from it, rose to the resistance level of 1.1304 and began to fall again since […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – upward. CCI: 179.4777 The British pound resumed a strong upward movement in the second half of the past day and overcame the Murray level of “5/8”-1.2512, which we called key for the […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – upward. CCI: 49.1665 The second trading day for the EUR/USD pair in more than prosaic trading. The pair worked out the Murray level of “5/8”-1.1353 for the third time, bounced off it […]

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 […]

GBPCHF seems to have found a foothold on the 1.1760 level, that being the 38.2% Fibonacci retracement of the down leg from 1.2819 to the all-time low of 1.1109. The recent appreciation in price appears to have backing from the short-term oscillators, which could extend it towards the downward sloping 50- and 100-day simple moving […]

EURUSD: In the morning, the euro was sold strongly until almost 1.1250. However, at about 13:00 UTC, it was bought back strongly to 1.1300. The euro was then again sold almost to the lows of the day, but it was quickly bought up again. You may keep purchases from 1.1245 until further developments. Stop at […]

EURUSD remains in a bullish trend according to the Ichimoku cloud indicator as price is above the Daily Kumo (cloud). In our previous analysis we noted the importance of the 1.1285-1.13 area. This was once resistance and is now support. EURUSD continues to trade above the kijun-sen (yellow line indicator) confirming short-term momentum is bullish. […]

Back in June we pointed out an inverted head and shoulders break out to the upside with this analysis. Then our first target was $1,780. This level has been reached and price continues to be supported and continues to make higher highs and higher lows. Gold could be heading towards the second target of $1,820. […]

This morning, the pound sterling continues to remain near its maximum value. However, it did not manage to overcome it and go further. Market participants are waiting for further decisions from the government regarding the growing expenditures on the infrastructure of the state. The pound continues to hold maximum defense against the greenback. Its value […]

Minute operational scale (H4) Gold and Silver – overview of movement options from July 8, 2020. ____________________ Spot Gold The development of the Spot Gold movement from July 8, 2020 will continue to be determined by the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (1772.80 – 1778.80 […]

Investors are seeking shelter in light of the news on the COVID-19 front. The US reports a surge of new coronavirus cases, Australia re-imposed lockdown measures, and a new outbreak has been recorded in Asia. Such developments boost demand for safe haven assets. Amid risk aversion, the greenback has regained footing versus major rival currencies. […]

GBPCHF seems to have found a foothold on the 1.1760 level, that being the 38.2% Fibonacci retracement of the down leg from 1.2819 to the all-time low of 1.1109. The recent appreciation in price appears to have backing from the short-term oscillators, which could extend it towards the downward sloping 50- and 100-day simple moving […]