USDJPY skids, slipping below moving averages in 4-hour chart But selloff is already fading and rebound underway Bigger picture remains neutral USDJPY came under selling pressure during the past 24 hours, slipping to a one-week low of 149.31 earlier in today’s session. However, not only does the pair remain within its recent tight trading range, […]
On the hourly chart, the GBP/USD pair on Monday secured its position above the corrective level of 1.2175 and later above the Fibonacci level of 161.8%–1.2250. Consequently, the upward momentum can be continued toward the next level of 1.2336. A drop in quotes below the level of 1.2250 would favor the US currency and a […]
Analysis of transactions and trading tips on GBP/USD Further decline became limited because the test of 1.2247 coincided with the strong downward movement of the MACD line from zero. Weak data from the UK led to a significant drop in the pair. The upcoming reports on business activity in the manufacturing and services sectors, together […]
The GBP/USD currency pair on Monday also showed a sharp and substantial rise, as we had expected. However, while the European currency has already managed to break through its recent local maximum, the British pound has not. Therefore, we are more likely to expect the continuation of the upward movement from this pair. The question […]
Analysis of transactions and trading tips on EUR/USD The test of 1.0666, which occurred earlier in the day, coincided with the downward movement of the MACD line from zero, leading to a signal to sell. This resulted in a price increase of over 30 pips. Very weak data from the eurozone led to a price […]
The EUR/USD currency pair significantly increased on Monday. It is still rising, which clearly indicates the nature of such a movement. If the rise of the European currency were due to some fundamental or macroeconomic event, it would not have lasted so long. The usual reaction to any significant event lasts for several hours. In […]
Strong upside condition on BTC The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – Dollar pulls back; ECB sends clearer cut… April 12, 2024 Dollar takes a breather, but Fed bets remain unchanged Euro…The market is disappointed and softening expectations for… April 12, 2024 After the latest inflation report showed […]
Details of the Economic Calendar on October 23 Monday, as usual, was accompanied by an empty macroeconomic calendar. There were no significant statistical data publications in the European Union, the United Kingdom, and the United States. Analysis of Trading Charts from October 23 The EUR/USD currency pair opened the new trading week with an upward […]
Crypto Industry News: Almost all listed bitcoin mining companies have recorded since January 1 this year increase by over 100%. Their purchase turned out to be more profitable than investing in BTC. Let’s look at specific examples. A single share of Marathon Digital (MARA) is trading at $8.75 today. At the end of 2022, it […]
Crypto Industry News: There are many indications that the cryptocurrency market will soon see what it has been waiting for a decade. BlackRock’s spot bitcoin ETF will become a reality. This is evidenced by the fact that the iShares exchange-traded fund proposed by this giant is already listed on the Trust & Clearing Corporation (DTCC) […]
Technical Market Outlook: The GBP/USD pair had made a new local high at the level of 1.2287, but the Pin Bar candlestick pattern was made at the top of the move. The intraday technical support is still located at the level of 1.2224 and the intraday technical resistance is located at 1.2336 (swing high from […]
Technical Market Outlook: The EUR/USD pair has been seen coming off the local high located at the level of 1.0695 after the ABC corrective pattern had been completed. Moreover, the wave C of the ABC pattern has hit the 100% extension of the wave A, so there is another indication of a possible down trend […]
Dollar follows US yields lower after rejection from 5% region But gold and yen cannot take advantage of this correction Euro rebound cut short by disappointing business surveys Retreat in yields slams dollar Global markets breathed a sigh of relief yesterday, as the furious rally in US yields finally lost some steam. The yield on […]
Bitcoin surges to an almost 18-month high Broader picture appears overly positive But overstretched rally increases the risk of a correction BTCUSD (Bitcoin) soared to an almost 18-month high on Tuesday, driven by speculation that an exchange-traded fund (ETF) that tracks the price of Bitcoin could soon be approved by the United States. The crypto […]
Technical analysis: BTC/USD has been trading strongly upside and the market tested the level of $35.000. Market has reached my objectives at $31.700. Due to the strong upside momentum and the breakout of the consolidation, I see potential for the further growth after the pullback. Next main upside objective is set at $37.000 RSI oscillator […]
Yesterday, the pair formed some great market entry signals. Let’s have a look at what happened on the 5-minute chart. In my morning review, I mentioned the level of 1.2180 as a possible entry point. A rise and false breakout at this mark produced a great sell signal, sending the pair down by more than […]
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 1.0603 as a possible entry point. A rise and a false breakout at this mark formed a sell signal. As a result, the pair fell by more than […]
Trend analysis (Fig. 1). The GBP/USD currency pair may move upward from the level of 1.2244 (closing of yesterday’s daily candle) to test 1.2316, the 38.2% pullback level (red dotted line). Upon testing this level, a continued upward movement is possible to 1.2397, the historical resistance level (blue dotted line). Fig. 1 (daily chart). Comprehensive […]
Technical analysis: Gold has been trading sideways at the price of $1.974 and I found that symmetrical triangle pattern is in creation and there is potential for the breakout mode. In case of the upside breakout of the resistance at $1.980, there is the chance for the upside movement towards objective at $1.995 In case […]
Trend analysis (Fig. 1). The EUR/USD currency pair may move upward from the level of 1.0669 (closing of yesterday’s daily candle) to test 1.0707, the historical support level (blue dotted line). Upon testing this level, a downward movement is possible to 1.0643, the 23.6% pullback level (blue dotted line). In the case of testing this […]
Technical analysis: GBP/USD has been trading upside in the background and the price has reached upside objective at 1.2222 but I see pullback this morning and potential for teh further rally after the pullback. Due to the breakout of the consolidation and strong momentum in the background, I see potential for the further rally after […]
EURJPY posts a new 2023 peak in today’s session Quickly erases gains, seems unable to extend its advance Momentum indicators suggest that bulls have lifted foot off the gas EURJPY had been stuck in a rangebound pattern for the last couple of months, repeatedly failing to extend its bullish medium-term technical structure. Even though the price managed […]
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GBPUSD has its best day since July Bulls await a close above 1.2300 GBPUSD enjoyed a whopping start to the week, marking one of its strongest days since mid-July to rise as high as 1.2257 on Monday. The technical outlook is looking promising at the moment. The pair confirmed a bullish doji candlestick pattern […]
EUR/USD Higher Timeframes Bullish players decided to utilize the slight advantage they had yesterday and were the first to make themselves known. To achieve their targets, they ventured beyond the weekly cloud (1.0610) and the daily cross (1.0627), rising above the levels of the upcoming resistances. Today, a test of the encountered resistance zone at […]
The US dollar rapidly started losing ground as soon as the US trading session opened, even in the absence of economic reports and news flow. It is unclear what caused such a massive sell-off. One might attempt to link it to calls in the Arab world to impose an embargo on oil supplies to Israel, […]
Trend analysis EUR/USD may begin moving upwards this week, starting from the level of 1.0593 (closing price of the last weekly candle) to the 23.6% retracement level of 1.0673 (red dashed line). Upon reaching this price, the pair will continue rising to the 21 EMA located at 1.0733 (black thin line). Fig. 1 (weekly chart) […]
Trend analysis This week, GBP/USD may move upwards from the level of 1.2159 (closing price of the last weekly candle) to the 23.6% retracement level of 1.2353 (red dashed line). It will continue to the 21 EMA located at 1.2414 (black thin line). Fig. 1 (weekly chart) Comprehensive analysis: Indicator analysis – upward Fibonacci levels […]
Amazon is forecast to announce another round of strong results But valuations suggest it remains expensive compared to its peers Results are scheduled for Thursday, after Wall Street’s closing bell Another round of stellar results? Starting as an online bookstore, Amazon is now one of the world’s largest and most diversified firms, with its current […]
Litecoin is currently re-testing resistance at 70.44 after a temporary break above. We expect the former resistance now will act as support, but we could see a setback towards 68.82 before the next strong rally higher to test resistance at 72.69. A break above here will accelerate Litecoin higher towards resistance near 85.00, but ultimately, […]
