Let’s take a look at the technical picture of EUR/USD, USD/JPY and Gold. 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 wave analysis of… April 8, 2024 […]
Upside surprise in US GDP was not enough to boost the dollar Stock markets slide in the aftermath, euro little changed after ECB Gold advances, drawing fuel from yields and geopolitical escalation Dollar unable to gain on solid data Another stormy week for global markets comes to an end as investors continue to grapple with […]
Technical analysis: Gold has been trading sideways at the price of $1.986 and I found that symmetrical triangle pattern is in creation and that there is potential for the breakout mode. In case of the breakout of support at $1.970m, there is the chance for the further drop towards downside objective at $1.950 and $1.940 […]
Details of the Economic Calendar on October 26 Thursday became one of the key days on the macroeconomic calendar due to the ECB meeting. At the end of the meeting, the Governing Council decided to leave interest rates unchanged. This decision was in line with market expectations. The regulator plans to continue following its approach, […]
Symmetrical triangle in creation on the Gold…. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – Stocks climb after sizzling US jobs report April 8, 2024 Nonfarm payrolls smash forecasts, reaffirming labor market strength But dollar…Behind the scenes of Wall Street’s rise: the impact of… April 8, 2024 At the […]
Technical analysis: USD/JPY has been trading downside but the key support area at the price of 150.00 is on the test and there is potential for the rejection. Due to the potential exhaustion to the downside and the test of the key support, there is the chance for the rally and rejection towards upside reference. […]
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 1.2070 as a possible entry point. A decline and false breakout at this mark produced a great buy signal, sending the pair up by 25 pips. […]
GBPJPY rebounded strongly from a 3-month low Gets stuck in a range after the 50-day SMA curbs advance RSI and MACD are hovering around their neutral regions GBPJPY had been in a prolonged uptrend since January, posting an eight-year high of 186.75 on August 22 before experiencing a pullback. Even though the pair staged a solid recovery, it […]
In general, everything fell into place, and it’s now clear that the market experienced a kind of preparation for the European Central Bank’s meeting yesterday. After the ECB left everything unchanged, and Lagarde didn’t provide any new information, the single currency seemed to freeze in its tracks. In other words, investors were preparing for this […]
Crypto Industry News: Mexican senator Indira Kempis became famous when she proposed the introduction of a central bank digital currency (CBDC) last year. Now her attention is mainly focused on the Bitcoin cryptocurrency. To address these challenges, the senator introduced a CBDC-focused bill aimed at creating a legal framework for the recognition and adoption of […]
Crypto Industry News: The Economic Crime and Corporate Transparency Bill is expected to receive Royal Assent later today, according to data on the UK Parliamentary Acts website. This means that the bill will pass all parliamentary stages in both houses of parliament. The regulations adopted in September 2022 aim to increase the authorities’ ability to […]
Technical Market Outlook: The GBP/USD pair has been seen continuing the down move and is currently approaching the Octobers low located at the level of 1.2036. The local low was made at the level of 1.2068 and during the pull-back the bulls were testing the 50 MA seen at 1.2129. The intraday technical resistance is […]
Technical Market Outlook: The EUR/USD pair has been seen moving lower from the highs at the level of 1.0695. The price broken below the technical support seen at the level of 1.0584 and is currently trading below the 50 and 100 MA on the H4 time frame chart. The nearest technical resistance is located at […]
The currency pair GBP/USD also didn’t show any interesting movements on Thursday, but the volatility reached about 70 points. How should we regard such volatility on the day when the results of the ECB meeting and the publication of two important (and no less important) reports from the United States were announced? Yes, it wasn’t […]
USDJPY unlocks new high above 150 but with weak momentum Technical signals mixed; support at 149.43 USDJPY escaped the FX intervention risk on Thursday despite closing marginally above the 150 round level for the second consecutive day and charting a new one-year high of 150.76. The pair seems to have pierced an ascending triangle on […]
The currency pair EUR/USD showed absolutely no movements on Thursday—no reaction to important events. In our previous articles, we’ve already mentioned that people can have different opinions about what happened yesterday. On one hand, it’s not uncommon to see meetings where no significant decisions are made, but the pair starts moving in different directions afterward. […]
Analysis of GBP/USD 5M The British pound hardly showed any notable movements on Thursday. Although the European Central Bank meeting had no direct impact on the pound, we warned you that the euro could influence the pound, which is exactly what happened. However, the market had a weak reaction to the ECB meeting. Even the […]
Analysis of EUR/USD 5M EUR/USD showed little more than a flat and low volatility on Thursday, not exceeding 50 pips. Even though the results of the European Central Bank meeting were announced yesterday, it had no impact on traders’ willingness to trade more actively. Despite the release of two crucial reports in the United States, […]
Analysis of transactions and tips for trading USD/JPY Further growth became limited because the first test of 150.73 took place when the MACD line moved sharply upward from zero. As for the second test, it occurred when the MACD line started moving down from zero, prompting a signal to sell. This resulted in a price […]
Analysis of transactions and tips for trading GBP/USD The test of 1.2095, coinciding with the rise of the MACD line from zero, prompted a buy signal that led to a price increase of over 30 pips. It seems that strong statistics from the US did not help dollar during the US session, and after an […]
EUR/USD Higher Timeframes Yesterday, the bears couldn’t hold their ground. As a result, by the end of the working week, the market arrived with a looming lower shadow, the size of which could influence the overall sentiment and market possibilities. It is worth noting that the daily cross has changed. If the bulls can now […]
EUR/USD Yesterday, the euro lost 42 pips, almost reaching the descending green price channel line, and closed the day above the 1.0552 level, ending with a 5-pip decline. The results of the European Central Bank meeting were generally within the market’s expectations: the interest rate remained unchanged, and the economic outlook was pessimistic. At the […]
GBP/USD On Thursday, the British pound reached the target support level at 1.2070, with the lower shadow, and closed the day slightly higher, despite strong U.S. economic data and losses in the stock market (FTSE100 -0.81%, S&P 500 -1.18%). This is a relatively stable sign that indicates the pound’s growth. To confirm this, the price […]
USD/JPY The yen has struggled to reach the target level of 150.53 for a long time, which is the embedded line of the price channel. Yesterday, it reached the target, and today, we witnessed a bearish reversal. The Marlin oscillator has failed to develop an upward movement and at the current moment, it seems that […]
Although on the daily chart Ethereum Cryptocurrency still moving in a tough condition which is indicates by the appearance of the deviation between price movement with RSI indicator as well as Bullish 123 pattern which is detected, followed by Bullish Ross Hook (RH) as well as the price movement that is above the WMA (30), […]
If we look on the 4 hour chart of Ripple cryptocurrency, then there will be a deviation between the price movement with RSI indicator as well as the form of Barish 123 pattern where these things gives the clue for Ripple that has the potential to weaken up to the level 0,5349 as the main […]
The world of financial investment has entered a challenging era. In recent days, US, European, and Asian stocks have been declining, and the yield on 10-year Treasury bonds has been plummeting. What really caused this instability? The mystery begins with mixed economic and corporate signals that confuse investors. The US economy seems to be thriving, […]
Analyzing Thursday’s trades: GBP/USD on 30M chart GBP/USD edged higher on Thursday. However, it is quite challenging to explain this specific movement. First, it’s worth noting that the volatility was low, even though there were plenty of important events during the day. The results of the European Central Bank meeting were as uneventful as possible, […]
Analyzing Thursday’s trades: EUR/USD on 30M chart On Thursday, EURUSD traded with an overall volatility of 47 pips. And that’s all you need to know about the market ‘s reaction to the European Central Bank meeting, President Christine Lagarde’s speech, and the release of quarterly GDP and durable goods orders reports in the US. Four […]
The XAU/USD (Gold/US Dollar) chart currently has bullish momentum, indicating a potential move towards the 1st resistance level at 1992.51. The 1st support at 1962.58 is significant, aligning with an overlap support, making it a strong support level. Additionally, the 2nd support at 1946.96 is also an overlap support, reinforcing the potential support zone. On […]
