Forex Analysis & Forecast

Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000. Why gold surged so much? Gold has risen nearly 19% this year amid the market uncertainty caused by the coronavirus outbreak. Actually, it was quite easy to predict as investors searc...

Strategically, the last decade may be divided into four alternating periods of this stock’s performance. Periods 1 (2013-2015) and 3 (2018-2019) follow a milder upward inclination, while periods 2 (2016-2017) and 4 (2019 - 2020) are more vertically aggressive. So the question for Netflix is: how lon...

Ebay stock offers a very interesting layout. Since it reached its all-time high of $47 in December 2017, it never came back up before the virus. It was at around $40 per share in the middle of 2019, but that’s about it. In the meantime, the strategic support of $26 has been steadily lying down there...

Relevance up to 14:00 2020-07-10 UTC+2 To open long positions on GBPUSD, you need: The British pound continues to strengthen its position after yesterday's aid plan proposed by the UK government. The bulls successfully consolidated above the resistance of 1.2625, forming a good buy signal there. I....

Relevance up to 14:00 2020-07-10 UTC+2 To open long positions on EURUSD, you need: The lack of fundamental statistics in the first half of the day did not allow euro buyers to hold above the rather important level of 1.1345, which served as a support in the first half of the day. On the 5-minute c....

Long-term review The US labor market report for June was a real blow to the Russian ruble. Meanwhile, the rally of Chinese stocks, which has been ongoing for eight trading days, allowed the ruble to recover losses. According to the IMF, China will escape recession in 2020. In addition, if the coun....

Relevance up to 15:00 2020-07-10 UTC+2 Bitcoin is challenging the resistance at $,9500 area. This is important resistance for two reasons. First is the downward sloping resistance trend line from June 2019 highs. Secondly is the upper boundary of a technical pattern.Red line - long-term resistance....

Relevance up to 15:00 2020-07-10 UTC+2 Gold price is very close to the 2020 higher highs that made yesterday. Trend remains bullish. Price is in a medium-term bullish trend and as long as price is above $1,750-60 level bulls have nothing to fear.Red lines - bullish channelGreen rectangle- support ....

Relevance up to 13:00 2020-07-10 UTC+2 Technical analysis: Gold has been trading upwards as I expected. The Gold reached our main objective at $1,820. Anyway, I found that there is the breakout of the rising trend line, which is sign for the potential downside movement. Trading recommendation: ....

Relevance up to 13:00 2020-07-10 UTC+2 Technical analysis: EUR/USD has been trading downwards. The price tested the level of 1,3160. I see potential for the further drop due to the fake breakout of the resistance at 1,1346. Trading recommendation: Watch for potential selling opportunities due t....

Relevance up to 12:00 2020-07-10 UTC+2 GBP/USD is trading slightly higher and probably it will reach fresh highs in the upcoming days. The dollar is losing ground as the USDX has plunged in the short term. The pair is trading at 1.2660 level, far above 1.2622 yesterday's high.The pair as registere....

Relevance up to 11:00 2020-07-10 UTC+2 The EUR / USD pair is once again on a wave of speculative operations, due to which the quote did not only return to the level of 1.1350, but also overcame it locally. This current breakout from the level of 1.1350 is the first movement since the formation of....

Relevance up to 12:00 2020-07-10 UTC+2 Overview:In the four time frame, the GBP/USD pair continues to move in an uptrend from the level of 1.2531 since yesterday. So, major support is seen at 1.2531, while immediate resistance is found at 1.2689. Besides, it should be noted that the first support ....

Relevance up to 09:00 2020-07-10 UTC+2 Finance Ministers of the European Union will conduct a meeting today, at which a new president of the Eurogroup will most likely be elected. It will determine which direction the euro will go to, in which if the new president supports the concept of a more pe....

Relevance up to 11:00 2020-07-10 UTC+2 Gold is trading at $1,814 and it is approaching the $1,817 yesterday's high. The price is strongly bullish and is expected to climb higher in the upcoming period. The USD's aggressive drop has helped the yellow metal to resume its upside rally.Finally, the go....

Relevance up to 22:00 UTC+2 Good day, dear traders! Daily As a result of yesterday's growth, the GBP/USD currency pair managed to break through the resistance of sellers at 1.2590, as well as go up a strong 200 exponential moving average and end the Wednesday session at 1.2605. Support for the Bri....

Relevance up to 22:00 UTC+2 Hello, dear colleagues! At yesterday's trading, the main currency pair of the Forex market continued its growth. And this is despite the caution of investors in connection with the continued distribution of COVID-19. The United States of America remains the main focus o....

09.07.2020USDJPY is moving upwards on Thursday afternoon but market players trust in the “safe haven” Yen.The Japanese Yen is falling a little bit against the USD on Thursday. the current quote for the instrument is 107.32.The statistics published by Japan in the morning showed that the Core Machine...

Ebay stock offers a very interesting layout. Since it reached its all-time high of $47 in December 2017, it never came back up before the virus. It was at around $40 per share in the middle of 2019, but that’s about it. In the meantime, the strategic support of $26 has been steadily lying down there...

Relevance up to 10:00 2020-07-10 UTC+2 EUR/USD Analysis: The direction of the price movement of the European currency since the beginning of June is set by a flat corrective wave. To date, its structure has not been completed. The price is close to the upper limit of the price range formed last mo....

Relevance up to 10:00 2020-07-10 UTC+2 The second wave of the coronavirus is in full swing. According to the latest data, the United States has recorded a huge number of new infections at 55 thousand per day, and listed deaths to almost 1,000 per day.Brazil has a similar situation, recording 48 th....

Relevance up to 07:00 2020-07-11 UTC+2 The upward movement continues from July 1. This indicates the strength of the New Zealand dollar. In these conditions, any reduction must be used to find favorable prices for purchasing the instrument. It is not profitable to buy from the current levels sinc....

Relevance up to 09:00 2020-07-10 UTC+2 The latest FedEx revenues thrilled the market due to the unexpected increase in the company ground supply margins. It's no secret that FedEx and UPS were forced to adapt to a unique set of working conditions because of the COVID-19 pandemic, so UPS investors ....

Relevance up to 11:00 UTC+2 Today we take a look at GBPJPY and see how we are going to play the bounce!We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today. *The market analysis posted here is mea....

Relevance up to 10:00 2020-07-10 UTC+2 Today we take a look at GBPJPY and see how we are going to play the bounce!We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today. *The market analysis posted ....

Relevance up to 09:00 2020-07-10 UTC+2 Traders react very painfully to the speeches of FOMC members. The US economy may begin to slow down due to the high growth rate of coronavirus. Traders do not want to buy the dollar and get rid of it. *The market analysis posted here is meant to increase your....

Relevance up to 09:00 2020-07-10 UTC+2 EUR/USD – 1H. Hello, traders! The euro/dollar pair performed a reversal in favor of the European currency on July 9 and resumed the growth process, according to the general mood of traders, which is now interpreted as "bullish". Thus, over the past day, the U....

Relevance up to 09:00 2020-07-10 UTC+2 Technical analysis recommendations for EUR/USD and GBP/USD on July 9 EUR / USD The upward players retained their advantage, remaining above an important reference level - the monthly medium-term trend (1.1245). Thanks to this, they regained their initiativ....

Gold looks towards $2,000 The gold price finally broke through the elusive and phycological $1,800 mark, and so far today, buying interest has kept it above this critical level ,and now some in the market have set their sights on the price hitting $2,000 in the not to distant future. The precious me...

Relevance up to 09:00 2020-07-10 UTC+2 The UK government has announced a new program to stimulate the British economy. It will amount approximately $ 38 billion, and will be used to support the country during the quarantine period. It will be implemented until October of this year, after which the....