Trend analysis. The price, from the level of 1.2478 (closing of the last weekly candle), is expected to rise this week, with the goal of reaching a pullback level of 61.8% – 1.2597 (red dotted line). If this level is reached, we can continue to work upwards with the target of 1.2703 – resistance line […]

Trend analysis. The price, from the level of 1.1245 (closing of the last weekly candle) can continue to move up this week, with the first goal of 1.1276 – a pullback level of 76.4% (blue dotted line). After reaching this level, work further up with the next target 1.1330 – resistance line (red bold line). […]

The very good data on US employment published on Thursday not only had a noticeable local impact on the US dollar, which fell to major currencies over the week, but also inspired stock markets, allowing major US, European and Asian stock indices to finish the week in positive note as well as oil quotes of […]

Trend analysis (Fig. 1). Today, the upward trend may continue from the level of 1.1250 (closing of the Friday afternoon candle) with the target at the resistance line 1.1335 (white bold line). From this level, the price may continue to move upward with the target at the upper fractal 1.1423 (red dashed line). Fig. 1 […]

Trend analysis (Fig. 1). Today, the upward trend may continue from the level of 1.1250 (closing of the Friday afternoon candle) with the target at the resistance line 1.1335 (white bold line). From this level, the price may continue to move upward with the target at the upper fractal 1.1423 (red dashed line). Fig. 1 […]

Technical Market Outlook: The EUR/USD pair has been trading inside of the narrow range located between the levels of 1.1185 – 1.1347 for quite some time now, so the market participants await an important breakout. The next intraday resistance for bulls is seen at the level of 1.1302, so please pay attention to this level […]

Technical Market Outlook: The GBP/USD pair has been hovering around the level of 1.2438 for most part of the weekend, but during the early Monday trading hours the bullish activity has increased. It looks like the bulls might want to test the 50% Fibonacci retracement once again, so in the case of a successful breakout, […]

As expected, in the absence of US traders who were on holiday last Friday due to the Independence Day occasion, nothing happened in the market at all. Although the euro had a reason for growth. So as soon as the new trading week began, market participants quickly began to win back Friday’s data, and at […]

Crypto Industry News: A recent Blockchain Tencent accelerator competition took place in Shenzhen, China. The topic concerned “Blockchain industry and ecological construction”. According to local news, Professor Zhu Jiaming, a former United Nations Industrial Development Economist and President of Chinese Digital Assets Research, believes that “2020 is an important year for Blockchain integration in various […]

The dollar index started the trading week with a small downward gap, and it slowly fell on Monday during the Asian session, returning to the area of the 96th figure. The greenback lost all the gains it made last week, once again demonstrating its vulnerability and in a certain sense – unreliability. Against the background […]

Crypto Industry News: Elon Musk has long aroused interest in the cryptocurrency environment. With unclear reasons, many investors on the BTC market are waiting for the creator of Tesla to invest in digital currencies. Last week, the famous businessman only admitted that … has nothing to do with Ethereum. Almost a year ago, Twitter post […]

To open long positions on GBP/USD, you need: Pound buyers managed to defend support 1.2451 amid weak volatility and low trading volume, which preserves the prerequisites for the pair’s further growth in the short term. News of another failed round of talks between London and Brussels did not significantly affect the pound’s quotes. While trading […]

To open long positions on EUR/USD, you need: Last Friday, after good data on the PMI index for the eurozone services sector, the bears tried to renew pressure on the euro. However, with every false breakout, major players did not provide help, which ultimately led to trading week ending above the range of 1.1241. We […]

EUR/USD The market was completely calm and thin on Friday and the euro gained seven points. The technical picture has seriously moved towards the euro’s rise this morning, towards the nearest target of 1.1420. Apparently, investors continue to test the market for its ability to take risks. This is confirmed by the increase in the […]

GBP/USD The price slightly rebounded from the balance indicator line on the daily scale chart on Friday. This rebound was confirmed since the market opened today, and the price continues to grow from it. The signal line of the Marlin oscillator is consolidated directly in front of the border of the bulls’ territory, the transition […]

AUD/USD The Australian dollar is pinned above the level of 0.6900 oon the daily chart. The pair grew by 18 points last Friday. The growth continues today in the Asian session. The Marlin oscillator entered the growing trend zone today. Now the aussie’s actual goal is 0.7080. There is a high probability that the first […]

USD/JPY The USD/JPY pair gave a clear signal for growth today in the Asian session. After the price consolidated under the balance on the daily scale chart for two days, the price surged when other indicators confirmed the growth. This is the exit of the Marlin oscillator into the growing trend zone – above the […]

Trading Recommendation Entry: 79.703 Reason for Entry: Recent swing high, -27% Fibonacci retracement, 161.8% Fibonacci extension Take Profit: 79.332 Reason for Take Profit: 61.8% Fibonacci retracement, ascending trendline support Stop Loss: 79.914 Reason for Stop Loss: 161.8% Fibonacci extension The material has been provided by InstaForex Company – www.instaforex.com Related Posts:BTC analysis for July 03,.2020 […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – upward. CCI: 74.2307 The British pound starts a new trading week with an attempt to resume the upward movement. Since the pair is currently anchored above the moving average line, the blue […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – sideways. CCI: 23.8095 As we have already mentioned in articles over the weekend, the euro/dollar currency pair has been trading in a relatively narrow trading range in recent weeks, which can be […]

4-hour timeframe In contrast to the EUR/USD pair, the British pound fell in price at the beginning and end of the trading week, and the rest of the time it grew quite strongly. A flat was not observed during the week. However, it is also impossible to say that there is a pronounced trend movement […]

4-hour timeframe Another trading week on the Forex market has ended, and the euro/dollar currency pair has gone into a dead flat. During the past trading week, the pair’s quotes were traded in a narrow side channel despite a large number of macroeconomic statistics, important news, and messages. Thus, we can only once again focus […]

Gold price has pulled back as expected towards $1,750-60 area and is now moving back towards the recent highs at $1,780. Trend remains bullish as price is still inside the upward sloping channel and so far every time price challenges the lower channel boundary, bulls step in to push price back up. Red lines – […]

EURUSD continues to respect the boundaries of the triangle pattern. More action is expected to be seen from Monday as the space inside the triangle is running out. As we explained in previous analysis, I believe the most probable outcome would be a break to the downside. Red line – resistance Green line – support […]

GBPUSD had shown short-term overbought signs in the 4 hour chart and is pulling back after making a short-term top at 1.2522. Price is expected to form a higher low around 1.24 before the resumption of the up trend. Red rectangle – resistance area Green lines – expected path GBPUSD has made a higher low […]