Crypto Industry News: The Grayscale Investments digital asset management company has bought about 50% of all newly mined Ethereum coins this year. According to recent reports, Grayscale currently owns the equivalent of 1.1% of all ETH in circulation. Grayscale supports 10 cryptocurrency investment products targeted at institutional investors. As of April 24, the company managed […]

The High Of The Day and Low Of The Day from the Central Bank Dealer Range (CBDR) today are usually formed at STDV 2-STDV 4 under normal market conditions, but sometimes the price can reach the STDV 5-STDV 6. Here are the levels for today: STDV 10 – 1.2905. STDV 9 – 1.2863. STDV 8 […]

The High Of The Day and Low Of The Day from the Central Bank Dealer Range (CBDR) today are usually formed at STDV 2-STDV 4 under normal market conditions, but sometimes the price can reach the STDV 5-STDV 6. Here are the levels for today: STDV 10 – 1.1233. STDV 9 – 1.1207. STDV 8 […]

Crypto Industry News: A new study revealed a growing increase among cryptocurrency users in Europe and the Americas. Studies show a 43.24% increase among women in the first quarter of 2020. For comparison, in the fourth quarter of 2019 an increase of only 15.5% was observed. The number of people aged 18-24 increased by 65%, […]

Technical Market Outlook: The GBP/USD pair has been rejected at the previous high at the level of 1.2645 and it is possible, that a Double Top pattern was made at the end of the move. Since then the bears have managed to push the prices towards the level of 50% Fibonacci retracement located at 1.2443. […]

Trading Recommendation Entry: 1.09948 Reason for Entry: Horizontal overlap resistance, 61.8% fibonacci retracement and 1.272% fibonacci extension Take Profit : 1.08706 Reason for Take Profit: Horizontal pullback support, 50% fibonacci retracement Stop Loss: 1.10692 Reason for Stop loss: 78.6% fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com

Technical Market Outlook: The EUR/USD pair has broken above the swing high located at the level of 1.0991, but a Shooting Star candlestick pattern has been made at the top of the move. The market reversed back below the high and is currently trading below the technical support located at 1.0951. The momentum is still […]

Today’s fall may provide two entry points. The first pattern will be an absorption towards growth, since the pair is trading near the defining support zone for WCZ 1/2 1.2426-1.2405. Keeping prices above the zone will enable you to buy the instrument. The purpose of purchases is the weekly control zone 1.2721-1.2678. Moving from current […]

To open long positions on GBP/USD, you need: Pressure on the British pound continued to increase on Friday, which I paid attention to in my forecasts. At the moment, the bulls need to protect the support of 1.2441, forming a false breakout at this level will be the first signal to open long positions while […]

To open long positions on EUR/USD, you need: Buyers of the European currency reached an important level of 1.1000 on Friday after the release of a report on manufacturing activity in the US, which continued to decline at a slower pace than expected. However, it was not possible to hold on to the reached highs, […]

EUR/USD The euro took the opportunity to increase and hit the first target level for the growing trend of 1.1026. Today started with a falling gap and attempts to test support for the price channel and the MACD line on the daily chart of the currency pair. The signal line of the Marlin Oscillator is […]

EUR/USD The euro took the opportunity to increase and hit the first target level for the growing trend of 1.1026. Today started with a falling gap and attempts to test support for the price channel and the MACD line on the daily chart of the currency pair. The signal line of the Marlin Oscillator is […]

Trading Recommendation Entry: 1.24435 Reason for Entry: Ascending trendline support, 78.6% Fibonacci retracement Take Profit : 1.26161 Reason for Take Profit: Horizontal swing high Stop Loss: 1.23892 Reason for Stop loss: Graphical swing low The material has been provided by InstaForex Company – www.instaforex.com

Trading Recommendation Entry: 1.24435 Reason for Entry: Ascending trendline support, 78.6% Fibonacci retracement Take Profit : 1.26161 Reason for Take Profit: Horizontal swing high Stop Loss: 1.23892 Reason for Stop loss: Graphical swing low The material has been provided by InstaForex Company – www.instaforex.com

GBP/USD The British pound lost 100 points on Friday, which strengthened the reversal potential and the convergence power of the Marlin oscillator on the daily chart. To completely form conditions for the price to go down, it is necessary to gain a foothold under the MACD line (1.2365), while the Marlin signal line must go […]

GBP/USD The British pound lost 100 points on Friday, which strengthened the reversal potential and the convergence power of the Marlin oscillator on the daily chart. To completely form conditions for the price to go down, it is necessary to gain a foothold under the MACD line (1.2365), while the Marlin signal line must go […]

AUD/USD The Australian dollar lost 92 points on Friday, continued to decline this morning and reached support for the embedded line of the price channel, indicated on the daily chart, at 0.6374. Overcoming the support will allow the price to test the strength of the MACD line at 0.6270 and in case of a breakout, […]

AUD/USD The Australian dollar lost 92 points on Friday, continued to decline this morning and reached support for the embedded line of the price channel, indicated on the daily chart, at 0.6374. Overcoming the support will allow the price to test the strength of the MACD line at 0.6270 and in case of a breakout, […]

USD/JPY The US stock index S&P 500 lost 2.81% last Friday, afterwards, the yen strengthened against the dollar (decreased on the chart) by 25 points. The embedded line of the price channel line did not make it possible for the price to go lower. The price is trying to overcome this support again in the […]

USD/JPY The US stock index S&P 500 lost 2.81% last Friday, afterwards, the yen strengthened against the dollar (decreased on the chart) by 25 points. The embedded line of the price channel line did not make it possible for the price to go lower. The price is trying to overcome this support again in the […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – upward. CCI: 37.3988 The British pound finished last week with a correction. However, the overall picture is very similar to that of the euro/dollar pair (although it has started to adjust). The […]

4-hour timeframe Technical details: Higher linear regression channel: direction – sideways. Lower linear regression channel: direction – sideways. Moving average (20; smoothed) – upward. CCI: 157.1972 The EUR/USD currency pair on Monday, May 4, has every chance to start a downward correction. The reasons for this are banal and simple. The market is not currently […]

The British currency traded more logically than the euro during the past week. The main logic was that a downward movement began at the end of the week. And it began after the pair worked out the 1.2467 level, which is the previous local high. Thus, we can assume that the pound/dollar pair has encountered […]

The new trading week promises to be quite boring in macroeconomic terms. News and reports will be, however, their degree of significance and quantity will not be comparable to the previous week. And since economic data will be, if not secondary, then not the most significant for sure, and market participants still ignore 95% of […]

The new trading week promises to be quite boring in macroeconomic terms. News and reports will be, however, their degree of significance and quantity will not be comparable to the previous week. And since economic data will be, if not secondary, then not the most significant for sure, and market participants still ignore 95% of […]