Overview of trading and tips on GBP/USD The price test of 1.2386 in the afternoon occurred at a time when the MACD indicator was just starting to move up from the zero mark, which confirmed the correct entry point to buy the pound in hopes that the pair would correct higher. As a result, the […]
Overview of trading and tips on EUR/USD The price test of 1.0674 in the afternoon occurred at a time when the MACD indicator was just starting to move up from the zero mark, which confirmed the signal to buy the euro in continuation of the upward movement within the intraday trend. As a result, the […]
Stocks feeling more positive following the US PMI miss Busy earnings calendar as focus remains on US data prints Dollar/yen remains a tad below 155 ahead of the BoJ meeting Aussie benefits from stronger CPI report Market wants more of the PMI surveys medicine The recent US data prints and particularly the mid-April inflation report has clearly […]
WTI futures develop within a bullish channel since December Price retreats from a 6-month high but finds support at 50-day SMA Oscillators suggest intensifying positive momentum WTI oil futures (June delivery) have been in a constant uptrend since bottoming out at 69.97 in December, posting a fresh six-month peak of 86.90 on April 12. Despite experiencing a pullback from its […]
GBPUSD posts new 5-month low Price holds in bearish tendency MACD and stochastics suggest upside move GBPUSD is recovering from the five-month low of 1.2300 that was posted on Monday and is heading towards the restrictive region of 1.2495-1.2520. The pair has started a bearish tendency since the price peaked at 1.2892 in the short-term […]
EUR/USD Higher Timeframes Yesterday, the bulls tried to break out of the consolidation territory. Today, it is important to consolidate what was achieved and continue the upward movement. The nearest bullish targets are 1.0732 and 1.0756 (daily and weekly Fibonacci Kijun). Furthermore, take note that yesterday the bulls managed to close above the daily short-term […]
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Analysis of macroeconomic reports: Relatively few macroeconomic events scheduled for Wednesday. One might pay attention to the IFO Business Climate Index in Germany. But today, market participants will focus on the US report on durable goods orders. The US dollar lost quite a bit of ground yesterday, so it is possible that bears will try […]
Analyzing Tuesday’s trades: GBP/USD on 1H chart The GBP/USD pair also showed quite a strong upward movement on Tuesday, which was solely triggered by the macro data. Take note that the British pound doesn’t have many reasons to rise, and the economic reports mostly favor the dollar. However, yesterday the situation was the opposite. The […]
Analyzing Tuesday’s trades: EUR/USD on 1H chart EUR/USD continued to correct higher on Tuesday. The euro strengthened throughout the day, however, circumstances played a significant role. We did not expect the European PMI data to turn out positive while the US reports would falter. In Germany and the European Union, they were not conclusive, as […]
With the appearance of deviation between price movement with Stochastic Oscillator indicator on the 4 hour chart of AUD/JPY cross currency pairs also supported by MA 20 which intersects of the Golden Cross above MA 200 gives the clue that currently buyers still dominant at AUD/JPY although there is a potential to corrected to weakness […]
On the 4 hour chart of Silver commodity asset, there is a hidden deviation between Silver price movement with Stochastic Oscillator indicator where this is marked that in the near future, Silver has the potential to go down to its weakness where the level 26,630 will be the main target that will try to aim […]
EUR/USD Yesterday, the euro rose by 47 pips while risk assets increased across the market: stocks, commodities, and bonds. The single currency surpassed the signal level of 1.0696, and the Marlin oscillator broke through the linear resistance, as it continued to rise towards the boundary of the bullish territory. The euro likely aims to consolidate […]
GBP/USD Yesterday, the British currency surged by 98 pips, overcoming two target resistances at once. However, the pound rose on average trading volumes, which means that you may still consider strategic selling. It is possible to expect a correction to the Fibonacci level of 38.2%, which is close to the lows of February 6th and […]
AUD/USD Under the influence of related markets, the Australian dollar has overcome the resistance of the target level at 0.6480. Most likely, today’s session will close with a white candle, which will confirm the price’s consolidation above the level it reaches. Next, we expect it to rise towards the daily MACD line at the level […]
Analysis of GBP/USD 5M GBP/USD showed quite a strong rise on Tuesday. The macroeconomic background supported the pound. Although, we can’t say that it completely supported the British currency, but still, three out of four reports were in its favor. The UK Services PMI grew stronger than expected, while both US PMIs performed poorly. Therefore, […]
Analysis of EUR/USD 5M EUR/USD continued to move inside an almost horizontal, but formally known as an ascending channel. Since the last rebound occurred from the lower boundary of the channel, the price rose to the upper boundary over the course of several days. The movement turned out to be absolutely predictable, although yesterday it […]
The bulls attacked the EUR/USD pair after the eurozone Purchasing Managers’ Index (PMI) data rose to nearly year-long highs. However, the pair failed to move significantly higher. The euro is too vulnerable, while its main opponent, the US dollar, is too strong. The HCOB’s preliminary composite eurozone PMI bounced to 51.4, which indicates that the […]
Potential for the breakout on the EUR/USD… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals for EUR/USD for April 23-25, 2024: buy above… April 23, 2024 EUR/USD is trading around 1.0698, above 3/8 Murray, and within…Analysis for the EUR/USD pair on April 23rd. Euro currency… April 23, 2024 The wave […]
EUR/USD is trading around 1.0698, above 3/8 Murray, and within the uptrend channel forming since April 16. We can see on the chart that the price is located within the 21 SMA and the uptrend channel, bouncing every time it approaches 2/8 Murray. In case there is a technical correction towards the 3/8 level Murray […]
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we observe the construction of the presumed wave 3 in 3 or c of the downward trend section. If this is indeed the case, the decline in quotes will continue for quite some time, as the first wave of […]
The wave analysis for the GBP/USD pair remains quite complex but may become clearer in the coming weeks. A successful attempt to break the Fibonacci level of 50.0% indicates the market’s readiness to build a downward wave 3 or C. If this wave indeed continues its formation, the wave pattern will become much simpler, and […]
AUDUSD accelerates above 50-period SMA A new barrier under examination is at 0.6585 Technical risk skewed to the upside Australian CPI data due on Wednesday at 01:30 GMT AUDUSD spiked to 0.6479 in the wake of weaker-than-expected US S&P Global business PMI figures, surpassing its 50-period exponential moving average (EMA), which had been capping bullish actions […]
Meta stock pulls back from its all-time high Violates the 50-day SMA ahead of Q1 earnings call Momentum indicators turn negative Meta’s (Facebook) stock has been in a steep uptrend since the beginning of the year, posting a fresh all-time high of 531.00 on April 8. However, the pair has come under selling pressure following its […]
Analysis of transactions and tips on trading the Japanese yen There were no tests of the levels I indicated in the first half of the day, which did not allow us to enter the market. Not surprisingly, even after good statistics on Japan’s economic activity, dollar buyers continue to show themselves, keeping trade near the […]
Trade Analysis and Tips for Trading the British Pound The price test at 1.2356 in the first half of the day coincided with the moment when the MACD indicator began to move up from the zero mark, confirming the correct entry point for buying the pound. As a result, the pair rose by 25 points, […]
USDJPY tries to extend its bullish move RSI and stochastics stand in overbought regions USDJPY is battling with a fresh 34-year high today, near 154.85 but the current momentum is too weak in the pair. The RSI is pointing slightly down in the overbought territory, while the stochastic is still pointing upwards above the 80 […]
Trade Analysis and Tips for Trading the European Currency The price test at 1.0660 in the first half of the day coincided with the moment when the MACD indicator was beginning to move up from the zero mark, confirming the signal to buy the euro. As a result, the pair rose by more than 30 […]
Alphabet reports earnings after market close on April 25 Forecasts point to double-digit revenue and earnings growth Despite stock rally to record highs, valuation is cheap against tech clan Core business shines, but focus shifts on AI After an outstanding 2023, Alphabet has started 2024 on a firm note, outperforming major US indices amid heightened volatility. […]
In my morning forecast, I paid attention to the 1.2388 level and planned to make decisions on entering the market from it. Let’s look at the 5-minute chart and figure out what happened there. The growth and formation of a false breakdown in the area of 1.2388 led to a sell signal for the pound, […]
