Technical analysis of GBP/USD for 18/06/2019:

Technical Overview: The GBP/USD pair has made another lower low on its way down. The low was located at the level of 1.2511, so the technical support at the level of 1.2529 has been broken. The momentum is weak and negative, so it supports the move down, but the market conditions are starting to become […]

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Technical analysis of EUR/USD for 18/06/2019:

Technical Overview: The EUR/USD pair is trying to bounce higher after hitting the technical support at the level of 1.1206. So far the bounce was limited to the level of 1.1250 and has not even touched this technical resistance. The momentum is weak and negative, but the market conditions are now oversold, so the price […]

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Elliott wave analysis of GBP/JPY for June 18 – 2019

GBP/JPY is following the expected path lower towards the next corrective target at 134.52, where we expect the corrective decline in wave 2 from 148.87 will complete and start a new impulsive rally in wave 3 that ultimate will break back above 148.87. Short-term resistance is now seen at 136.59, which is expected to cap […]

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Elliott wave analysis of EUR/JPY for June 18 – 2019

We are looking for important support at 121.22 to protect the downside for a break above resistance at 122.13 that will confirm red wave ii being complete and red wave iii taking over for a new strong rally towards at least 124.79 and possibly even higher. Only an unexpected break below important support at 121.22 […]

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Forecast for EUR/USD for June 18, 2019

EUR/USD On Monday, the euro was trading in the range of 1.1200/45, limited support for the daily MACD line and the price channel line. Now the euro is facing a choice – to increase the correctional growth to the MACD line on H4 to the price of 1.1283, or to go out of range downward […]

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Forecast for GBP/USD for June 18, 2019

GBP/USD On Monday, the pound sterling reached another bearish target of 1.2530, determined as a low on December 14 of last year. If we consolidate below the level, we see the prospect of a decline towards the support of the price channel line of 1.2350. But today, the pound has the opportunity to linger above […]

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Fractal analysis of major currency pairs for June 18

Forecast for June 18: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1268, 1.1246, 1.1231, 1.1194, 1.1181, 1.1153 and 1.1131. Here, we continue to follow the development of the downward cycle of June 12. Short-term downward movement is expected in the range of […]

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Control zones USDCHF 06/18/19

Today’s trading plan is to find favorable prices for buying the instrument. Pulling down the pair will allow you to enter a long position. The main goal of growth is the weekly CZ 1.0057-1.0039. The probability of the test of this zone is at 70%, so the risk-reward ratio must be tied to these levels. […]

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EUR/GBP near resistance, a drop is possible!

EURGBP is near resistance, a drop to 1st support is possible Entry: 0.8982 Why it’s good : 100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance Stop Loss : 0.9063 Why it’s good :horizontal swing high resistance Take Profit : 0.8791 Why it’s good: 61.8% Fibonacci extension, horizontal overlap support, 61.8% Fibonacci retracement The […]

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AUD/NZD approaching support, potential bounce!

Price is approaching its support where it could potentially bounce up to its resistance. Entry : 1.0515 Why it’s good : 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance Stop Loss : 1.0454 Why it’s good : 100% Fibonacci extension Take Profit : 1.0587 Why it’s good : Horizontal swing high resistance The material […]

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USD/JPY approaching support, potential bounce!

Price is approaching its support where it could potentially bounce up to its resistance. Entry : 108.147 Why it’s good : 76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low resistance Stop Loss : 107.854 Why it’s good : horizontal swing low support Take Profit : 109.012 The material has been provided by InstaForex Company […]

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Worse and worse (weekly review of EUR/USD and GBP/USD from 06/17/2019)

The dollar strengthened quite briskly, although if you look at the US statistics, you just have to throw up your hands, because there was nothing to be happy about. Thus, the number of open positions at JOLTS decreased from 7,474 thousand to 7,449 thousand, and the total number of applications for unemployment benefits increased by […]

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Fed may completely surprise with a “hawkish” rhetoric

What will the Fed present this week, and will it be enough for the market to recognize the further course in the policy of the US regulator? For the time being, the dollar remains in force, despite the inflated bar for the “dovish surprise”. Market participants previously sold dollars, as confidence in several rounds of […]

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EUR/USD: weak reports from the United States and the escalation of the US-Iran conflict

The dollar index gradually loses its position. There is not a trace left of the former confidence of dollar bulls, therefore, to one degree or another, the greenback loses the points it won on Friday in almost all currency pairs. The brightest correctional dynamics is observed in the euro-dollar pair. During the European session, the […]

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Bitcoin analysis for June, 17.2019

BTC has been trading upwards as we expected. The price tested the level of $9.350. The trend is still upside but downward correction might be in play. Watch for potential breakout of upward trend line at $9.207 to confirm further downside. Red rectangle – Support 1 ($9.022) Pink rectangle- Support 2 ($8.832) Blue rectangle – […]

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Technical analysis of USD/CAD for June 17, 2019

Overview: The USD/CAD pair continues to move upwards from the level of 1.3457/1.3400. The pair rose from the level of 1.3400 (the level of 1.3400 coincides with a ratio of 3.6.8% Fibonacci retracement) to a top around 1.3505. But it rebounded from the top pf 1.3505 to 1.3477. Today, the first support level is seen […]

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Technical analysis of AUD/USD for May 17, 2019

Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]

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The yen is cheaper before the Fed meeting

On Monday, June 17, experts record a decline in Japanese bonds (JGB) and the yen (JPY). The currency of the Land of the Rising Sun fell after US Treasury bonds in anticipation of the Fed meeting. It will be held on Wednesday, June 19. JGB futures ended the trading session with a decrease of 0.08 […]

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June 17, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

Since January 19th, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. Short-term outlook turned to become bearish towards 1.1175 (a previous weekly bottom which has been holding prices above for some time. On the period between May 17th and 20th, a bearish breakdown below 1.1175 was temporarily achieved. As […]

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Technical Analysis – EURAUD tries to jump above ascending channel; strongly positive

EURAUD is extending its gains over the last couple of weeks, recording a fresh more than five-month high around 1.6350. Thus, the short-term picture thus seems to be strongly positive, as the RSI is hovering in the overbought territory and the MACD is strengthening its momentum above trigger line. A break above above the ascending […]

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