On the hourly chart, the GBP/USD pair on Tuesday closed above the corrective level of 161.8% (1.2250), which allows for expectations of further growth towards the next level at 1.2342. The upward trend corridor characterizes the current sentiment of traders as “bullish.” The resumption of the British pound’s decline can be expected after the pair’s […]
Upside potential 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 end of […]
Strong macroeconomic or fundamental factors (strong ones for the British pound) did not start the GBP/USD currency pair’s upward correction, which continued on Tuesday. According to two linear regression channels, the pair’s downward trend is still present. However, the more significant signal was the triple entry of the CCI indicator into the oversold area, after […]
The EUR/USD currency pair continued its upward correction on Tuesday, which began a few days ago and was expected for a couple of weeks. We believe that the corrective movement should continue in the current circumstances, as the European currency has been declining for two months with very little correction. Therefore, regardless of the fundamental […]
Analysis of transactions and trading tips on GBP/USD No price tests occurred in the morning due to very low market volatility. In the afternoon, the release of the Producer Price Index and minutes of the Fed meeting will change the situation, especially since the latter would help determine the future of interest rates. A strong […]
Analysis of transactions and trading tips on EUR/USD Further growth became limited because the test of 1.0615 earlier in the day took place when the MACD line moved upward very sharply from zero. Low market volatility kept the pair unchanged. However, the release of the Producer Price Index and minutes of the Fed meeting could […]
Crypto Industry News: The amount of tether (USDT) currently on exchanges is at its highest level since March this year. As Santiment points out, since June 13, 2023, exchanges have recorded a 40% increase in the supply of this stablecoin, which is deposited on their trading platforms. The market research firm said the value of […]
Crypto Industry News: The new Fidelity Digital Assets report argues that bitcoin is fundamentally different from other digital assets and should be assessed separately when constructing investment portfolios. Fidelity Digital Assets is today the third largest asset manager in the world. Its analysts show great interest in BTC. In a new report, they suggest that […]
Technical Market Outlook: The GBP/USD pair has been seen continuing the pull-back above the last swing high located at the level of 1.2271 and made a new swing high at the level of 1.2303. Only a strong and sustained breakout above this level would change the current situation to more bullish, but for now all […]
Technical Market Outlook: The EUR/USD pair has broken above the 100 MA level and made a new local high at the level of 1.0629. The nearest technical support is seen at the level of 1.0593 and the next technical resistance is located at the level of 1.0674. Please notice, that despite the ongoing pull-back, the […]
EUR/USD Higher Timeframes Bulls seek to break through the encountered resistances at 1.0594 – 1.0609 (the upper boundary of the weekly cloud + daily medium-term trend). A breakout will enable the development of a corrective rise, and the next nearest target for the bullish players will be to eliminate the death cross of the daily […]
Yesterday, GBP/USD generated several excellent market entry signals. Let’s look at the 5-minute chart and analyze what happened there. In my previous forecast, I paid attention to the level of 1.2210 and recommended making decisions on entering the market from there. The decline and a false breakout at 1.2210 made it possible to obtain a […]
The market situation did not actually change at the end of trading on Monday. However, yesterday the single European currency showed some growth, albeit insignificant. Still, the growth itself was clearly sustainable. At the same time, the information background remained unchanged. So, the strengthening of the single European currency was more likely of a technical […]
Technical analysis: GBP/USD has been trading in the upside trend in the past few days and I see potential for the upside continuation. Due to the strong upside momentum in the background and the bullish trend in place, I see potential for the further rally towards upside references. Upside objectives are set at the price […]
Details of the Economic Calendar on October 10 The macroeconomic calendar on Tuesday remained practically empty, and the information agenda remained unchanged. Thus, the strengthening of the euro and the British pound appeared to be more of a technical nature. Analysis of Trading Charts from October 10 The EUR/USD currency pair reached the upper boundary […]
Technical analysis: BTC/USD has been trading downside today and I found that there is the breakout of the descending triangle pattern, whch is good sign for the further downside movement. Due to the breakout of the the consolidation and strong downside momentum this morning, I see potential for the further drop towards lower reference. Downside […]
Technical analysis: Gold has been trading upside today and I found that buyers are in control and that there is the breakout of the consolidation, which is good sign for the further rally. Due to the breakout of the the consolidation and strong upside momentum, I see potential for the further rally towards next upside […]
Trend analysis (Fig. 1). The GBP/USD currency pair may move upward from the level of 1.2275 (closing of yesterday’s daily candle) to the 1.2341 resistance level (red thick line). In the case of testing this level, a downward movement is possible with the target of 1.2214, the 23.6% pullback level (red dotted line). Fig. 1 […]
Trend analysis (Fig. 1). The EUR/USD currency pair may move upward from the level of 1.0604 (closing of yesterday’s daily candle) to the 1.0625 resistance level (red thick line). Upon reaching this level, a downward movement is possible with a target of 1.0579, the 13-period EMA (yellow thin line). Fig. 1 (daily chart). Comprehensive analysis: […]
Analysis of transactions and tips for trading USD/JPY The test of 148.93, coinciding with the upward movement of the MACD line from zero, prompted a buy signal that led to a price increase of around 15 pips. Pressure on dollar returned immediately after the movement. Data indicating a less active reduction in equipment orders led […]
Analysis of transactions and tips for trading GBP/USD The test of 1.2260, coinciding with the upward movement of the MACD line from zero, prompted a buy signal that led to a price increase of over 30 pips. Pound rose on Tuesday as traders found hints from the minutes of the Bank of England meeting that […]
The NZD/USD chart currently exhibits an overall bearish momentum with a potential scenario for price to make a bearish continuation towards the 1st support level. The 1st resistance level at 0.6050 is identified as an overlap resistance. Additionally, the 2nd resistance level at 0.6095 is marked as a pullback resistance that aligns with the 127.20% […]
The USD/CHF chart currently exhibits an overall bearish momentum. Should price break below the intermediate support level, there is a potential for price to make a bearish continuation towards the 1st support level. The intermediate support level at 0.9042 is identified as a pullback support that aligns close to the 127.20% Fibonacci extension level while […]
The XAU/USD chart currently exhibits a weak bullish momentum, with a potential scenario of a bullish continuation towards the 1st resistance level should price break above the intermediate resistance level. The intermediate resistance level at 1,863.57 is identified as a pullback resistance that aligns with the 38.20% Fibonacci retracement level while the 1st resistance level […]
EUR/USD EUR/USD effortlessly surpassed the Fibonacci retracement levels on Tuesday and hit the target level of 1.0613. A breakdown of this will likely lead to further growth towards 1.0687. The balance line (red moving average) also approaches this level. To strengthen the medium-term upward trend, the pair needs to surpass this line; otherwise, the corrective […]
GBP/USD GBP/USD came close to 1.2307 this morning. The Marlin oscillator also lies in a positive area, so a breakout and rise beyond the resistance level will likely lead to a move towards 1.2444, where a correction could occur. On the four-hour chart, the signal line forms a wedge pattern, which indicates the high probability […]
USD/JPY USD/JPY seems to be holding up well, following the recent intervention by the Bank of Japan. It consolidated around 148.50, heading towards the target level and the embedded line of the price channel – 150.40. As this occurs above the balance line, it indicates sustained buying interest from speculators. However, the Marlin oscillator continues […]
Wall Street indices continued their rise on Tuesday, despite geopolitical tensions in the Middle East. This was made possible thanks to steady comments from the Federal Reserve System of the USA, which curtailed the growth of Treasury bond yields. Following public statements from the Fed, the President of the Federal Reserve Bank of Atlanta, Raphael […]
On the 4 hour chart, AUD/JPY Cross Currency pairs seems moving above its WMA (30 shift 2) followed by CCI indicator which manages to break above its three important main level so that if there is no correction downward which breaks below the level 94,28, then in the near future, AUD/JPY will try to go […]
If we look on the 4 hour chart, GBP/USD main currency pairs seems moving inside the Bullish Pitchfork channel and above WMA (30 shift 2) which followed by CCI indicator, successfully break above its main three important levels and also followed by the appearance of Bullish 123 pattern as well as Bullish Ross Hook where […]
