The EUR/USD pair fell to the level of 1.0524 on Wednesday, which it had previously tested twice, bounced from it, and reversed in favor of the European currency. The upward movement toward the corrective level of 23.6% (1.0644) has started, but this process can end at any moment. The current chart pattern is very ambiguous, […]
On the hourly chart, the GBP/USD pair experienced a drop to the level of 1.2106 yesterday, bounced off it, and reversed in favor of the British pound, rising towards the previous peak, which is just above the level of 1.2175. Thus, the upward momentum can continue towards the next corrective level of 161.8% (1.2250). However, […]
Let’s take a look at the technical picture of GBP/USD, USD/JPY and SP500 ahead of BoE interest rate decision. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Weekly forecast based on simplified wave analysis of… April 8, 2024 GBP/USDAnalysis:Since July last year, the main direction of price movement…Weekly forecast based on simplified […]
The test of the 151.13 price level occurred when the MACD indicator had just started moving down from the zero mark, confirming the correct entry point for selling the pair. As a result, USD/JPY dropped by 40 points. The decision of the Federal Reserve put additional pressure on the dollar, so this time, the Bank […]
The GBP/USD currency pair traded in the same mode on Wednesday. If you carefully examine the 4-hour timeframe, it’s evident that the pair has been forming a “narrowing triangle” in recent months. The lower boundary is the range of 1.2054–1.2085, and the upper boundary is the descending trendline. The pair’s trading range is gradually narrowing, […]
GBPAUD erases latest rebound ahead of BoE rate decision Bearish bias strengthens; focus turns on 200-day SMA GBPAUD surrendered all its October gains following the rejection near its 50-day simple moving average (SMA), and is currently flirting with September’s low of 1.8856. The 200-day simple moving average (SMA) is also in sight at 1.8795, as […]
Yesterday, the pair formed several entry signals. Let’s have a look at what happened on the 5-minute chart. In my morning review, I mentioned the level of 1.2161 as a possible entry point. A rise to this level and its false breakout generated a good entry point into short positions, leading to a slump of […]
The currency pair EUR/USD once again did not show any interesting movements on Wednesday. The pair has once again crossed the moving average line, but as mentioned earlier, the current nature of movement allows it to cross the moving average line almost every day. It seems like we’re not dealing with a classic flat, but […]
Powell signals Fed is likely done hiking rates, sparking relief rally Wall Street cheers Powell’s balanced tone, but dollar stays resilient as yields tumble Pound steady ahead of Bank of England decision Fed asks “should we hike more” The Federal Reserve left interest rates unchanged on Wednesday as expected, citing tighter financial conditions as a […]
Gold pulls back to rest near 1,985 key zone Daily oscillators detect slowing upside momentum A break lower could signal the metal’s return within a broader range Gold has been in a retreat mode since October 30, after hitting resistance near the 2,010 zone. The metal has seen massive gains due to concerns surrounding the […]
Potential breakout mode on the Gold… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Video market update for April 05, 2024 April 7, 2024 Potential for the further drop on NAS100 ….The material has…Can Q1 earnings season refuel the equity market rally? –… April 7, 2024 Earnings parade unofficially starts on April 12 […]
Analysis of Trades and Trading Tips for the British Currency The test of the price at 1.2123 in the afternoon coincided with the moment when the MACD indicator was just starting to move down from the zero mark, which generated a sell signal according to scenario #1. As a result, the pair was down by […]
Analysis of Trades and Trading Tips for the European Currency The test of the price at 1.0542 occurred when the MACD indicator had just started to move down from the zero mark, which served as a confirmation of an entry point for short positions. As a result, the pair fell by 20 pips. The Federal […]
Technical analysis: BTC/USD has been trading upside and I found breakout of the trading range in the background, which is good sign for the further upside continuation.Anyway, for the confirmation I would like to see re-break of the $36.000 level. Due to the breakout of the trading range and strong upside momentum this morning, I […]
Technical analysis: AUD/USD has been trading upside and I found breakout of the trading range in the background, which is good sign for the further upside continuation. Due to the breakout of the trading range and strong upside momentum this morning, I see potential for the further rally towards the next upside reference. Upside objective […]
Technical analysis: Gold has been trading upside in last 10 hours and I found rejection of the support at $1.970 in the background but the key resistance at $1.990 is on the test. In case of the rejection of the resistance at $1.990, there is potential for the downside movement towards $1.970 In case of […]
Crypto Industry News: The management of SafeMoon, once one of the most popular meme cryptocurrencies comparable to the famous Dogecoin due to its astronomical increase in value, is in trouble. The US Securities and Exchange Commission (SEC) has brought a number of serious charges against them that will be difficult for them to overcome. These […]
Crypto Industry News: At the November meeting of the US Federal Reserve’s Open Market Committee (FOMC), officials decided on another consecutive pause. This is another such move after the pause in September and June. Last time interest rates increased in the USA in July – by 25 points, to the levels of 5.25 and 5.50 […]
Technical Market Outlook: The GBP/USD pair traders position themselves ahead of BoE interest rate decision today and the market had returned to the 61% Fibonacci retracement located at the level of 1.2201. For now it looks like another Bearish Engulfing candlestick pattern is in progress at the top of the move, but it all might […]
Technical Market Outlook: The EUR/USD pair had again from the level of 1.0524 and is currently trading in the middle of the range. The trader are positioning themselves ahead of the ADP data release this afternoon, so the volatility might be lower than usual. The nearest technical resistance is located at the level of 1.0626 […]
Yesterday, the pair formed several entry signals. Let’s have a look at what happened on the 5-minute chart. In my morning review, I mentioned the level of 1.0580 as a possible entry point. The pair grew, but a false breakout was not formed near 1.0580. For this reason, I was not able to enter short […]
GBPUSD slightly higher today as market digests Fed meeting It tests again the July 14 aggressive descending trendline Momentum indicators remain muted ahead of next key event GBPUSD is trading slightly higher, testing the resistance set by the July 14 downward sloping trendline that has defined the downleg since the July 14 high at 1.3141. The […]
WTI futures decline after rejection at 50-day SMA Found their feet around the 80.00 handle, forming potential double bottom Momentum indicators deep in the negative zone WTI oil futures (December delivery) have been on the retreat since their October peak of 89.85. In the near term, the price’s repeated inability to conquer the 50-day simple moving average (SMA) […]
The Federal Open Market Committee decided to keep the refinancing rate unchanged but still left the door open for further interest-rate hikes in the future. In theory, this should have prompted the US dollar to rise further. However, that didn’t happen. In fact, the pound even returned to the levels it was at the day […]
nalysis of EUR/USD 5M EUR/USD changed direction several times on Wednesday, but at the end of the day, the closing rate was the same as the opening rate. However, the quotes have edged up. In general, not much has changed over the past day. There were plenty of important news and events, but the euro […]
Technical outlook: EUR/USD again rallied through 1.0600 in early trading hours on Thursday after dropping through the 1.0500-10 range on Wednesday. The single currency pair is seen to be trading close to 1.0595 at this point of writing and could possibly push through the 1.0600-20 range before reversing lower again. A break below 1.0500 would […]
The GBP/USD pair faced a strong resistance near 1.3200 and started a fresh downtrend. It broke the 1.2800 support level on a H4 candlestick and extended its decline towards 1.2500, where it met a crucial Fibonacci retracement level. This could be a good opportunity for intraday traders to go long, with a stop loss just […]
The EURUSD pair broke above the key level of 1.0550-1.0600 and continued its bullish trend towards 1.1000 and 1.1200. The bulls reached the resistance zone around 1.1200 but failed to sustain the momentum. Meanwhile, the bears pulled back the price towards 1.0950 where the pair met the short-term uptrend line. The price reversed from this […]
During August, the EUR/USD pair has been trading in a narrow range between 1.0950 and 1.1050, waiting for a clear direction from the market sentiment and the economic data. Shortly after, the pair failed to maintain upside movement above the depicted uptrend. Instead, it was broken-down terminating the sideway movement. Shortly after, an upside pullback […]
We continue to look for a firm break above minor resistance at 70.44 confirming that wave 3 is unfolding towards at least 131.05 and likely much higher. Upon a break above minor resistance at 70.44, the first sub-target is seen at 76.64, but we expect much more upside as Litecoin is gaining bullish momentum. Support […]
