EUR/JPY is currently testing support near 121.31, which ideally will be able to protect the downside for the next impulsive rally higher towards 122.12 and beyond for a move closer to the peak at 124.43. If, however, support at 121.31 gives away, a drop to 121.10 should be expected before the next push higher is […]

Trading Recommendation Entry: 107.674 Reason for Entry: Horizontal overlap resistance and 50% fibonacci retracement Take Profit: 106.830 Reason for Take Profit: Horizontal swing low support, 78.6% fibonacci retracement Stop Loss: 108.080 Reason for Take Profit: Horizontal swing high resistance, 78.6% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:BTC analysis […]

EUR/USD The euro broke the resistance of the target level of 1.1265 on Monday, showing a growth of 61 points. The price peaked on June 23. After overcoming the intermediate level of 1.1353, we expect the growth to continue to 1.1420, the second goal is 1.1465. Reaching any of these levels with the Marlin oscillator […]

AUD/USD The Australian dollar added 30 points on Monday thanks to the overall weakening of the US dollar (-0.37%) and the growth of commodities: iron ore 1.80%, copper 2.12%, oil 0.34%. Values may continue to increase for some time on growing risk appetites, but we do not expect any long-term trend – the second wave […]

USD/JPY The USD/JPY pair tested the resistance of 107.77 and retreated on the first day of the week, eventually closing the day by losing 17 points. The price never left the body of the candle above the balance indicator line on the daily chart, staying under it for four sessions. The Marlin is currently in […]

Trading Recommendation Entry: 1.3528 Reason for Entry: 61% fib extension Take Profit :1.3576 Reason for Take Profit: The horizontal swing high resistance Stop Loss:1.3486 Reason for Stop loss: Horizontal swing low support The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis of Gold for July 06,.2020 – Potential for… July 6, 2020 […]

Trading Recommendation Entry: 0.69947 Reason for Entry: Market entry Take Profit: 0.70511 Reason for Take Profit: -61.8% Fibonacci retracement, ascending trendline support Stop Loss: 0.69677 Reason for Stop Loss: Ascending trendline support, 38.2% and 23.6% Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – AUDUSD hits a snag […]

GBP/USD 1H The GBP/USD currency pair, in contrast to EUR/USD, was trading very reluctantly and frankly sluggish on Monday. After the pair left the downward channel and overcame the resistance area of 1.2404–1.2424, buyers got a certain carte blanche, but they can’t take full advantage of it yet. Thus, in the current conditions, the upward […]

EUR/USD 1H The EUR/USD pair perfectly worked out the resistance area of 1.1326–1.1342 in the hourly timeframe on July 6, which we previously designated as quite strong and is also an approximate upper line of the side channel in which the pair has been trading in for the last month. Thus, buyers showed that they […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – upward. CCI: 177.4751 The currency pair was trading quite uneasily on the first trading day of the new week. It seems that at the end of the past week, American market participants […]

The pound-dollar pair tested the 25th figure today, reacting to the general weakening of the US dollar. The PMI index for the construction sector provided additional support for the British currency, which came out much better than forecast values. But in general, the fundamental background for GBP/USD has not changed: the pound is still under […]

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 […]

As we explained in previous analysis, it is very important for bulls to recapture the 1.13 level. Each time we saw price above 1.13 the previous weeks, sellers came in and pushed price back below 1.13. This week will be decisive. Will we see a break out or a rejection? Red rectangle – weekly resistance […]

Gold price today is trading around $1,780 near the June highs. Price continues to respect the bullish channel boundaries and is heading to new highs. Trend remains bullish but bulls also need to be cautious. Red lines – bullish channel Gold price has support at $1,772. Breaking below that level will be a bearish sign. […]

Recently, Bullish breakout above 1.2265 has enhanced many bullish movements up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In the period between March 27- May 12). Shortly after, transient bearish breakout below 1.2265 (Consolidation Range Lower Limit) was demonstrated in the period between […]

Today, the bulk of commodity currencies has strengthened against the US dollar. Interest in risky transactions in the market grew amid excellent statistics reflecting economic recovery at a faster pace than previously thought. The Chinese yuan rapidly went up after the publication of statistics, but the US dollar was under pressure from the news of […]

Minute operational scale (H4) The second week of July – continued growth of “commodity” currencies against the US dollar? Overview of options for the development of the movement for AUD/USD, USD/CAD, and NZD/USD (H4) on July 7, 2020. ____________________ Australian dollar vs US dollar From July 7, 2020, the development of the movement of the […]

Today, participants of the stock markets in the Asia-Pacific region are in a good mood. Most indices showed a rise and there is still hope for a more rapid economic recovery. At least, all governments of the world are doing their best to accelerate economic rise by means of the stimulus measures. The Nikkei 225 […]

JP 225 stock index (Cash) appears may prolong its sideways crawl as the price stalled underneath the 22,825 upper bound of the range. Although the price found some footing on the 200-period simple moving average (SMA), the Ichimoku lines, the 50- and 100-period SMAs continue to indicate unclear direction and conflicting views. Conflicting signals are […]

The second half of the year seems to be difficult too. The number of new infections is growing in some US states. EU leaders continue to discuss Brexit issues. Here is news in detail: 1. COVID-19 is gaining momentum again The US government has reported a new rise in the number of infected people with […]

EURUSD: The euro trades upward aiming for the level of 1.1500. Today, July 6, the euro made a serious bid for the upward trend. The highs of the last two weeks have been broken making a way out of consolidation with the first targets at 1.1420 and 1.1500. If this becomes successful, the upwards trend […]

CADJPY is in the process to recover some of its aggressive losses that posted at the beginning of the previous month. The 50-day simple moving average (SMA) acted as a crucial support level for the price, while the RSI and the stochastic are moving slightly higher. However, the red Tenkan-sen line is holding beneath the […]

The European currency continues to strengthen its position against the US dollar after information emerged that the German Constitutional Court and the European Central Bank will be able to agree on maintaining the Bundesbank’s participation in the asset purchase program. Let me remind you that in May this year, the constitutional court in Germany declared […]

Trading recommendation: Watch for potential breakout of support at the price of $8,900, which will confirm further downside movement and test of $7,825, which is the projected target based on the triangle pattern. Resistance level is seen at the price of $8,900 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis […]

The epidemiological situation in the UK has stabilized. In April, the number of new cases of COVID-19 reached almost 9 thousand people, but now the number of new cases hardly reaches 1,000 people per day. In this regard, Prime Minister Boris Johnson is ready to lift quarantine measures. Earlier, the Prime Minister eased requirements for […]