Threat of another crash in oil prices after biggest oil ETF dumps holdings in June contracts But markets otherwise enjoying a rare calm as lockdown measures are slowly relaxed Stocks and dollar hold steady but gold and kiwi skid Oil’s woes persist as WTI plunges WTI oil futures are on track for a second day […]

GBPUSD is finding support around the 50-period simple moving average (SMA) on the four-hour chart and is pushing efforts to regain momentum within the 1.2400 area after a quiet start to the day. Additional gains cannot be ruled out in the short-term as the RSI is trying to break its recent range, while the MACD is strengthening at a gradual […]

Technical Market Outlook: After the bounce from the level of 1.0727 the EUR/USD pair is climbing higher step by step towards the key short-term resistance located at the level of 1.0878. So far the bulls were able to make a new local high at the level of 1.0849 and they are under the bearish pressure […]

US 500 index (Cash) is experiencing some limitations around the 2,893 resistance, where the upper Bollinger band presently resides. The smoothed appearance in price action over the last two weeks is also demonstrated in the flattening of the 200-period simple moving average (SMA), as the price holds between 2,893 and 2,708. The short-term oscillators also […]

EURJPY flirted with a fresh three-year low of 115.53 on Friday, before returning slightly higher above 116.00 in the very short-term. In the longer timeframe, the price is moving lower over the last three months, remaining well below the short-term simple moving averages (SMAs). Also, the MACD oscillator is extending its downside movement below the […]

Today’s trading takes place within the weekly control zone of 0.6453-0.6435. This will make it possible for you to consider two options when trading. The first and main option is to return the price to the upper limit of the monthly control zone of April at 0.6322. The probability of this event is 90%. Before […]

AUD/USD The Australian dollar gained 70 points on Monday, on the way to the target mark of 0.6526, but the price suddenly fell today during the Asian session. At the moment, the decline is not critical, but if it continues, a divergence will form on the Marlin oscillator, which could be the first condition for […]

USD/JPY The USD/JPY pair lost 23 points yesterday, which was a notable event amid low volatility last week. The signal line of the Marlin oscillator on the daily chart is still within the boundaries of its own wedge, but its intention to leave the wedge down has become stronger. A target will open on the […]

Trading Recommendation Entry: 1.40758 Reason for Entry: Descending trendline resistance, moving average resistance, 61.8% Fibonacci retracement Take Profit : 1.40115 Reason for Take Profit: Graphical swing low, 61.8% Fibonacci retracement Stop Loss: 1.41198 Reason for Stop loss: Graphical swing high The material has been provided by InstaForex Company – www.instaforex.com

Trading Recommendation Entry: 1.40758 Reason for Entry: Descending trendline resistance, moving average resistance, 61.8% Fibonacci retracement Take Profit : 1.40115 Reason for Take Profit: Graphical swing low, 61.8% Fibonacci retracement Stop Loss: 1.41198 Reason for Stop loss: Graphical swing high The material has been provided by InstaForex Company – www.instaforex.com

The growth of US stock indices allowed the pair EUR / USD to return above the base of the 8th figure. Apparently, fans of the euro are seriously counting on a compromise between the countries of the eurozone on the issue of financing and using the fund to save the region’s economy, and buyers of […]

A surge in activity was observed, which returned the quote to its previous levels. At the past trading week, the bearish mood continued, which broke April 6’s low (1.0768) down. The lowest level acquired was 1.0727, where a slowdown occurred, which led to the formation of a technical correction. Traders, in a panic mood, perceived […]

Overview: Pivot: 1.2445. The GBP/USD pair fails to hold onto recovery gains amid fresh Coronavirus disease (COVID-19) concerns. The GBP/USD pair was moving downwards from the level of 1.2445. Last week, the pair dropped from the level of 1.2445 (this level of 1.2445 is coincided with the pivot point) to the bottom around 1.2245. The […]

Technical analysis recommendations for EUR / USD and GBP / USD on April 27 Economic calendar (Universal time) No important events today in the economic calendar. EUR / USD On Friday, the pair failed to overcome the support levels of 1.0778-68 (historical level + minimum extremum), which did not only indicate a slowdown, but also […]

From the point of view of complex analysis, we see a breakthrough of variable stagnation, and now let’s talk about the details. Last trading week concentrated on ourselves several fluctuations at once, and so, we had an intense downward movement at the beginning of the week, which led to the level of 1.2246. Afterwards, there […]

Surprisingly, the market was incredibly obedient on Friday and strictly followed macroeconomic data. So the market periodically tries to pretend to be normal. Although in the context of the general epidemic of coronavirus and the associated restrictive measures, as well as the slide of the world economy into the deepest recession since the Second World […]

This week promises to be difficult for both European and US currencies. Experts believe that the euro will not survive without financial incentives, and the dollar needs collective support. The collective assistance that an American currency may require means a worldwide cash injection. These include not only the stimulus packages adopted by the US monetary […]

This week promises to be difficult for both European and US currencies. Experts believe that the euro will not survive without financial incentives, and the dollar needs collective support. The collective assistance that an American currency may require means a worldwide cash injection. These include not only the stimulus packages adopted by the US monetary […]

EUR/USD – 1H. Hello, traders! The euro/dollar pair performed a reversal in favor of the European currency on April 24 and started a fairly strong growth process. There are no new graphical constructions on the hourly chart at the moment, so you need to look for goals and signals on older charts, for example, on […]

Tesla stock price has advanced considerably above the simple moving averages (SMAs) and the Ichimoku cloud in the daily timeframe, suggesting a continuation of the upside tendency. The technical picture supports that this move is likely to continue in the short-term. The RSI is pointing slightly up above the 50 level, while the stochastic completed […]

Tesla stock price has advanced considerably above the simple moving averages (SMAs) and the Ichimoku cloud in the daily timeframe, suggesting a continuation of the upside tendency. The technical picture supports that this move is likely to continue in the short-term. The RSI is pointing slightly up above the 50 level, while the stochastic completed […]

EUR/USD Analysis: The direction of movement of the European currency is set by the upward wave from March 20. The first two parts (A-B) are formed in their structure. At the end of last week, an ascending section with a reversal potential started up. This may be the beginning of the final part (C). Forecast: […]

EUR/USD Analysis: The direction of movement of the European currency is set by the upward wave from March 20. The first two parts (A-B) are formed in their structure. At the end of last week, an ascending section with a reversal potential started up. This may be the beginning of the final part (C). Forecast: […]

Forecast for April 27: Analytical review in H1 scale: For Gold, the main key levels on the H1 scale are: 1797, 1777.08, 1761, 68, 1740, 22, 1715.15, 1703.78 and 1690.06. Here, the price issued expressed initial conditions for the upward cycle of April 21. The continuation of the upward movement is expected after the breakdown […]

EUR/USD: Buy euros from 1.0850, and stop at 1.0805. The target level is 1.0950. In case of a complete reversal, sell from the level of 1.0725. The Euro is waiting for positive news from the ECB. Coronavirus situation analysis: Europe has already passed the peak of the pandemic. In Italy and Spain, the graph of […]