Analysis of transactions and trading tips on EUR/USD The test of 1.0572 earlier in the day, coinciding with the upward movement of the MACD line from zero, prompted a buy signal that led to a price increase of around 40 pips. This allowed the pair to reach the target level of 1.0610, where sales occurred […]
There has been an influx of capital into digital assets for two weeks in a row. Amid multi-year highs in the US dollar and yields of 10-year Treasuries, digital assets rose by $78 million, analysts said. According to data provided by CoinShares, trading volumes in exchange-traded products increased by $1.13 billion last week. Bitcoin volumes […]
On the hourly chart, the GBP/USD pair on Monday saw a decline to the level of 1.2175, a rebound from it, a reversal in favor of the British currency, and a rise to the corrective level of 61.8%-1.2250. A rebound of quotes from this level will work in favor of the US currency and a […]
As investors reacted to Hamas’s brutal attack on Israel on Saturday, demand for safe-haven assets increased, giving gold a new bullish momentum. Many analysts believe that the escalation of tension in the Middle East is just the latest geopolitical factor that will continue to support the precious metal in 2024. On Sunday, the Israeli government […]
Technical analysis: BTC/USD has been trading sideways at the price of $27.670 but I see potential for the further rally towards the upside reference. Due to the rising lows in the in the background and RSI in the upside regime, I se the chance for the higher price as long as the market is holding […]
Important pivot levels on the test 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 […]
Technical analysis: Gold has been trading upside in the background and support level at the price of $1.855 is on the test. In case of the breakout of the resistance $1.862 and hold above, I see potential for the further rally towards $1.877. The RSI trend is bullish. In case of the breakout of the […]
Technical analysis: GBP/USD has been trading upside this morning and I found that key pivot level at the price of 1.2275 is on the test. In case of the breakout of the resistance 1.2275 and hold above, I see potential for the further rally towards 1.2360 In case of the rejection of the key resistance, […]
Trend analysis (Fig. 1). The GBP/USD currency pair may move downward from the level of 1.2233 (closing of yesterday’s daily candlestick) to test the historical support at 1.2213 (blue dotted line). Upon testing this level, an upward movement is possible with the target of 1.2315, the 38.2% pullback level (red dotted line). Fig. 1 (daily […]
Crypto Industry News: Berkshire Hathaway Vice President Charlie Munger has once again emphasized how he does not value cryptocurrencies. During his Thursday speech at Zoomtopia’s Zoomtopia conference, he spoke about BTC. In his opinion, it is “the stupidest investment he has ever seen.” In fact, you could say he was very subtle this time. Earlier, […]
Crypto Industry News: Cryptocurrency investment products saw inflows for the second week in a row, totaling $78 million, according to CoinShares data. Cryptocurrency product (ETP) volume also grew 37% last week, reaching $1.1 billion, according to the asset manager. As for Bitcoin, volumes increased by 16% on trusted exchanges. Solana, the eighth largest cryptocurrency by […]
Technical Market Outlook: The GBP/USD pair has been seen continuing the pull-back towards the last swing high located at the level of 1.2271. Only a strong and sustained breakout above this level would change the current situation to more bullish. The intraday technical support is located at the level of 1.2162 and the intraday technical […]
Technical Market Outlook: The EUR/USD pair has been seen approaching the 100 MA level again. The nearest technical support is seen at the level of 1.0533 and the next technical resistance is located at the level of 1.0618 and only a strong and sustained breakout above this level would change the outlook to more bullish. […]
Trend analysis (Fig. 1). The EUR/USD currency pair may move upward from the level of 1.0566 (closing of yesterday’s daily candle) to test 1.0603, the 21-period EMA (thin black line). Upon testing this level, a continued upward movement is possible with a target of 1.0643, the 23.6% pullback level (red dotted line). Fig. 1 (daily […]
Although there was some activity in the market yesterday, it ultimately led to nothing. In general, the market was stagnant, largely due to the absence of economic releases. Moreover, the media is solely focused on the Palestinian-Israeli conflict, which has erupted with unprecedented intensity. And it seems that the situation will not change today either. […]
Although the market showed some activity on Monday, it led to nothing significant, largely due to the completely empty macroeconomic calendar. In addition, global attention remains focused on the Palestine-Israel conflict, which flared up with unprecedented intensity. Since today will be the same with the empty calendar and major media outlets preoccupied with finding the […]
Analysis of transactions and tips for trading USD/JPY The test of 149.03, coinciding with the downward movement of the MACD line from zero, prompted a sell signal that led to a price decrease of nearly 50 pips. Today’s data on the current account balance and economic sentiment surveys exerted pressure on yen, leading to an […]
Analysis of transactions and tips for trading GBP/USD The test of 1.2190, coinciding with the upward movement of the MACD line from zero, prompted a buy signal that led to a price increase of over 25 pips. Statements made by Bank of England MPC member Catherine L. Mann had little impact on the pair’s direction, […]
The AUD/USD chart currently exhibits a neutral momentum with a potential scenario for price to fluctuate between the 1st resistance and the 1st support levels. The 1st support level at 0.6386 is identified as an overlap support that aligns with the 50.00% Fibonacci retracement level. Further below, the 2nd support level at 0.6348 is marked […]
The USD/JPY chart currently exhibits a bullish momentum with a potential for price to make a bullish bounce off the 1st support level and rise towards the 1st resistance level. The 1st support level at 148.41 is identified as an overlap support. Further below, the 2nd support at 147.49 is also noted as an overlap […]
The GBP/USD chart currently exhibits an overall bearish momentum with price trading within the bearish descending channel. There is a potential for price to make a bearish reaction off the 1st resistance level and fall towards the 1st support level. The 1st resistance level at 1.2259 is identified as a pullback resistance. Beyond this, the […]
With the appearance of the deviation between price movement with Stochastic Oscillator on the 4 hour chart of the EUR/USD main currency pairs, then, increasingly confirms that there has been a turning point and strengthening in Fiber, where this can be seen and confirmed by the price movement which is above the WMA (30 Shift […]
Even though the USD/CAD commodity currency pair is moving in a ranging condition, but with the apearance of deviations between price movements and the Stochastic Oscillator indicator, The Lonnie has the potential to fall down to enter the Daily Bullish Fair Value Gap area level in the range of 1.3560-1.3515. If this area level is […]
EUR/USD Let’s go back to the weekly chart with the Sequential indicator that we discussed recently. The reversal occurred after 11 consecutive black candles, with the reversal happening on the 9th reversal candle according to the counting method of this cyclic strategy. On the daily chart, we also witnessed a reversal from the 9th candle, […]
GBP/USD Yesterday, the British pound successfully closed the gap from the start of the weekly session and continued to rise. Now the price is trying to break above Friday’s high, with the nearest target at 1.2307. Since the signal line of the Marlin oscillator only entered the positive territory recently, the momentum should be enough […]
AUD/USD Yesterday, the Australian dollar rallied by breaking through the significant resistance level at 0.6388 and the balance line on the daily chart. The price is quickly approaching the MACD line at 0.6470, and it seems like the price will surpass this mark, given the strong convergence with Marlin pushing the price higher. The 0.6514 […]
The pound is falling against the US dollar, amid rising risk-off sentiment and increased demand for the safe-haven greenback. At the end of last week, GBP/USD buyers were actively rebuilding their positions, primarily due to the decline in the US Dollar Index. However, recent events in the Middle East have muddied the waters, and the […]
As indicated by the CFTC report published on Friday, there have been significant changes in currency positioning. Several commodity currencies, particularly those oriented toward the Chinese and Asian markets, have slightly improved their positions. This applies to the Australian and New Zealand dollars. However, European currencies have experienced sharp sell-offs, contributing to an increase in […]
Analysis of macroeconomic reports No macroeconomic events are scheduled for Tuesday, likely setting the stage for another relatively dull trading day. We believe that the ascending correction against a two-month decline should continue for both pairs, followed by a resumption of the primary southward movement. At present, both the Euro and the pound have breached […]
Analysis of Monday trades: GBP/USD 1H chart Following the first trading day of the week, the GBP/USD pair retreated from Friday’s peaks, as anticipated, but then sought to resume the upward correction observed in recent days. It’s noteworthy that the British pound has been in decline for over two months, hence an upward movement is […]
