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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
4-hour timeframe The amplitude of the last 5 days (high-low): 89p – 62p – 77p – 46p – 102p. Average amplitude for the last 5 days: 75p (70p). Boris Johnson did not have time to win the first round of elections for the post of leader of the Conservative Party, as well as the prime […]
4-hour timeframe The amplitude of the last 5 days (high-low): 41p – 37p – 61p – 36p – 86p. Average amplitude for the last 5 days: 52p (54p). The first trading day of the week for the EUR/USD pair has passed, one can say, positively. Following the collapse of quotes on Friday, today, against the […]
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 […]
The absence of important fundamental statistics, as well as a report on wage growth in the euro area, helped the euro to strengthen its position against the US dollar after a massive Friday. However, the growth potential will be limited, since the two-day meeting of the Federal Reserve System will begin tomorrow, after which a […]
To open long positions on GBP/USD, you need: Buyers of the pound coped with the morning task and managed to build an upward trend from the support level of 1.2570, which I drew attention to in my review. At the moment, their task is the area of 1.2609, the consolidation above which will lead to […]
To open long positions on EURUSD, you need: Euro buyers coped with the task and did not let the pair below the lows of Friday last week, and the divergence on the MACD indicator, to which I paid attention, worked itself out. Now, the task of the bulls is the resistance level of 1.1235, fixing […]
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 – […]
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 […]
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 […]
For this week, the attention of the markets will be drawn to the final decisions of the world’s largest central banks on monetary policies during the meetings of the Central Bank of Japan, the United Kingdom, and the United States. For this week, the attention of the markets will be drawn to the final decisions […]
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 […]
EUR / USD pair On Friday, June 14, the EUR/USD pair ended with 65 bp decline. Markets took a very positive view of economic reports on the US retail sales and industrial production in May, which led to purchases of US currency. However, things are not so rosy from the point of view of wave […]
By the end of the last trading week, the euro / dollar currency pair showed a high volatility of 85 points. As a result, a real attempt was made to restore the original trend. From the point of view of technical analysis, we see that the main finding trend is still alive, and the theory […]
By the end of the last trading week, the currency pair pound / dollar showed a long-awaited volatility of 102 points in the form of impulsed candles, where as a result, we got a significant straight to the area of a strong pivot point. From the point of view of technical analysis, we observed the […]
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 […]
Central bank meetings will be front and centre next week as the Federal Reserve, Bank of England and Bank of Japan convene for their policy decisions. The Fed will likely grab the most attention amid intensifying expectations of a rate cut. In terms of data releases, the main focus will be on inflation as Canada, […]
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 […]
