Entry : 125.60 Why it’s good : horizontal overlap resistance, 23.6% fibonacci retracement Stop Loss : 126.10 Why it’s good : horizontal swing high resistance, 50% fibonacci retracement Take Profit : 124.83 Why it’s good : horizontal swing low support, 61.8% & 100% fibonacci extension, 61.8% fibonacci retracement The material has been provided by InstaForex […]
Entry : 1.2973 Why it’s good : horizontal overlap resistance, 23.6% fibonacci retracement, short term descending line Stop Loss : 1.30349 Why it’s good : horizontal swing high resistance, 50% fibonacci retracement Take Profit : 1.2774 Why it’s good : horizontal swing low support, 61.8% fibonacci retracement The material has been provided by InstaForex Company […]
The EUR/USD pair started a new trading week with moderate growth, but then it pulled back to the area of monthly lows after an unsuccessful attempt to stay above 1.1250. According to experts, the recent growth of EUR/USD was mainly due to a relaxed holiday atmosphere, but now the market is gradually returning to its […]
The latest temporary government shutdown, trade conflicts and a slowdown in global growth — against this background, the prospects for the first quarter for the US economy did not look promising. However, GDP data for the first three months of 2019 may surprise. After the Chinese economy unexpectedly grew during this period, it is expected […]
4-hour timeframe The amplitude of the last 5 days (high-low): 58p – 38p – 74p – 29p – 23p. Average amplitude for the last 5 days: 44p (50p). On Tuesday, April 23, the British pound sterling fell by 60 points against the background of the overall strengthening of the US currency. Also, there was bad […]
4-hour timeframe The amplitude of the last 5 days (high-low): 35p – 45p – 78p – 19p – 27p. Average amplitude for the last 5 days: 41p (40p). The EUR/USD pair ends the second trading day of the week with a downward movement of 40 points, although everything looks much more convincing in the illustration. […]
Today, the US dollar is showing steady growth across the market amid favorable corporate reporting for the first quarter of this year. Such dynamics is reflected in all dollar pairs, but among them we can separately distinguish the USD/CHF. The weakness of the franc has been celebrated for more than a month. In early April, […]
The Bank of Japan will conclude its two-day policy meeting on Thursday and will be publishing its quarterly outlook report along with its decision statement. The Bank does not provide a precise time for its announcement, but they tend to be made around 0300 GMT. As the global economic slowdown continues to drag on Japanese […]
The social media colossus will release its Q1 earnings on Wednesday, after Wall Street’s closing bell. Forecasts point to a decline in earnings, as greater spending on security is expected to weigh on margins. Regardless, investors are loading up on the company’s stock, which has soared by nearly 40% year-to-date, far outperforming the broader market. […]
On January 10th, the market initiated the depicted bearish channel around 1.1570. Since then, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. On March 7th, recent bearish movement was demonstrated towards 1.1175 (channel’s lower limit) where significant bullish recovery was demonstrated. On March 18, a significant bullish attempt was […]
On January 2nd, the market initiated the depicted uptrend line around 1.2380. A weekly bearish gap pushed the pair below the uptrend line (almost reaching 1.2960) before the bullish breakout above short-term bearish channel was achieved on March 11. Shortly after, the GBPUSD pair demonstrated weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD […]
From America to the United Kingdom and from Russia to Australia, cryptocurrency taxation in major bitcoin strongholds is complicated. Contradictory or non-existent laws, excessive red tape, and maddeningly vague guidelines have conspired to make the tax-paying process more arduous than it need be. Now, a number of advocates are pushing for simplified crypto tax guidelines. […]
EUR/USD has been trading downwards as we expected. The price tested the level of 1.1210. Our short position on EUR/USD from yesterday is progressing good and we expect more downside. According to the H4 time-frame, we found the successful breakout of the bearish flag pattern, which is sign of the professional re-selling. Key support is […]
Gold has been trading downwards as we expected. The price tested the level of $1.268.00. Our short position on Gold from yesterday is progressing good and we expect more downside. According to the H4 time-frame, we found more acceptance below the key support cluster (purple rectangle) at the price of $1.280.00, which is sign that […]
To open long positions on the GBP / USD pair, you need: Buyers showed themselves after the test of support at 1.2977, to which I paid attention in my morning review. This led to a large upward rebound of the pair and the test of resistance at 1.3009, which limits the further upward potential of […]
To open long positions on EUR / USD pair, you need: Buyers kept the morning support level, which is now seen in the area of 1.1244. However, it is necessary to break through the resistance of 1.1262 in order to continue the upward trend in the euro. This will lead to the renewal of the […]
To say that the news about the fact that Washington completed the grace period for buyers of Iranian oil has disturbed the financial markets – not to say anything. The counterparties of Tehran seriously counted on its prolongation, perhaps with some reduction in quotas but a total ban drove the “bears” on Brent and WTI […]
On Tuesday, the dollar returned to growth against a basket of major currencies, the Canadian dollar continues to receive support from rising oil prices after the US decision to tighten restrictions on exports of Iranian oil from next month. The data showed that home sales in the secondary housing market in the US declined in […]
Coca-cola stock price advanced above the Ichimoku cloud over the last couple of trading days, challenging a two-month high around the 47.50 resistance. The MACD oscillator rose above its trigger line in the daily timeframe, while the stochastic is flattening in the overbought territory, suggesting overstretched market. A failure to overcome the two-month high of 47.50 barrier […]
Overview: The AUD/USD pair is set above strong support at the levels of 0.7046 and 0.7168. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.7046, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]
GBPAUD turned higher after it touched a new two-month low of 1.8100 last Wednesday, sending prices above the 38.2% Fibonacci retracement level of the upleg from 1.7220 to 1.8860, around 1.8195. The RSI is turning slightly higher approaching the 50 level, while the stochastic seems to be strongly bullish as the %K line and the %D line […]
Overview: The USD/CAD pair continues to move upwards from the level of 1.3228. Yesterday, the pair rose from the level of 1.3228 (the level of 1.3228 coincides with a ratio of 38.2% Fibonacci retracement) to a top around 1.3357. Today, the first support level is seen at 1.3228 followed by 1.3311, while daily resistance 1 […]
Overview: The GBP/USD pair continues to move upwards from the level of 1.3087. Last week, the pair rose from the level of 1.3087 to a top around 1.3201 but it rebounded to set around the spot of 1.3140. Today, the first resistance level is seen at 1.3206 followed by 1.3268 , while daily support 1 […]
Overview: The EUR/USD pair continues to move downwards from the level of 1.1280. Yesterday, the pair dropped from the level of 1.1280 to the bottom around 1.1225. Today, the first resistance level is seen at 1.1280 followed by 1.1310, while daily support 1 is seen at 1.1179. According to the previous events, the EUR/USD pair […]
The foreign exchange market continues to be characterized by an unconventional extremely low activity and accompanied by the same low volatility. We have repeatedly pointed out earlier that the uncertainty caused by the actions of the world’s largest central banks led by the Fed, regarding the prospects for monetary policy which resulted to a significant […]
Increased US sanctions aimed at maximizing the export of Iranian oil, which of course, significantly reduce the oil market in the short term. However, it is unlikely to have a big impact on prices over a longer period, according to a statement by Barclays experts. Washington demanded that the remaining buyers of Iranian oil stop […]
EUR/JPY has been making corrections amid indecisive market sentiment. The price is epected to extend a climb higher in the short term. The eurozone is facing an economic slowdown. Besides, Brexit is a source of persistent uncertainty. The ZEW economic sentiment survey of Germany, which is a key gauge of investor confidence, revealed a bounce […]
4h As seen on the 4-hour chart, the EUR/USD pair just started growing in the direction of the retracement level of 61.8% (1.1281), as the bearish divergence of the CCI indicator was formed. As a result, the pair performed a reversal in favor of the US currency and began the process of returning to the […]
4h As seen on the 4-hour chart, the GBP/USD pair completed a fall to the Fibo level of 61.8% (1.2969), however, there is still no rebound or close below this level. As a result, traders have to wait for either a rebound or a close below this level to determine the direction of trading on […]
As expected, the market was extremely quiet and calm and even the news on home sales in the secondary market of the United States fell by 4.9% instead of declining by 2.3%. As predicted, it left everyone behind indifferent due to continued celebration of Easter in Europe and no one worked. So to say, everyone […]
