Forex Technical Analysis

Relevance up to 17:00 2020-07-09 UTC+2 EURUSD: As observed, the euro, again, attempts to break through the level of 1.1345.Sellers rally around the said level in hopes to protect it.There are two possible scenarios:1) The euro breaks through 1.1345 and closes the day higher. Or2) The attempt to br....

Relevance up to 17:00 2020-07-09 UTC+2 EURUSD yesterday back tested the key short-term support area of 1.1265-85. This was once resistance and is now support. The bounce off the support level and the recapturing of 1.13 are bullish signs.Red line - resistanceGreen line- supportEURUSD broke above t....

Relevance up to 17:00 2020-07-09 UTC+2 Gold price has made new higher highs today around $1,820 and has fulfilled the expectations from the break out of the inverted head and shoulders pattern. Trend remains bullish however traders need to be cautious and protect their gains.Black line - support t....

Relevance up to 15:00 2020-07-09 UTC+2 Technical analysis: Trading recommendation: *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Performed by Petar Jacimovic, Analytical expertInstaForex Group © 2007-2020 Source: https://w....

Relevance up to 14:00 2020-07-09 UTC+2 Technical analysis: Gold has been trading upwards and we got continuation of the bigger upward trend. Since the Gold did break of $1,789 there is potentila for the bigger rise towards the $1,821. Trading recommendation: Watch for buying opportunities on t....

Relevance up to 13:00 2020-07-09 UTC+2 Recently, Bullish breakout above 1.2265 has enhanced many bullish movements up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In the period between March 27- May 12).Shortly af....

Relevance up to 22:00 UTC+2 Good day, dear traders!Despite the concern of market participants about new outbreaks of the COVID-19 pandemic, the pound/dollar currency pair showed strengthening in yesterday's trading.DailyAs you know, the aggravation of the epidemic of a new type of coronavirus infe....

Relevance up to 22:00 UTC+2 Hello, dear colleagues! During the current five-day trading period, the euro/dollar currency pair continues to trade in the range of 1.1352-1.1185. Daily This is the trading range observed since June 16, and it is very clearly visible on the daily chart of the main curr....

Relevance up to 09:00 2020-07-09 UTC+2 EUR/USD – 1H. Hello, traders! On July 8, the euro/dollar pair continues the process of falling in the direction of the upward trend line. Thus, in general, the "bullish" mood of traders remains, however, it is extremely weak. Nevertheless, the euro currency i....

Relevance up to 12:00 2020-07-09 UTC+2 Overview:On one-hour chart, the EUR/USD pair is continuing in a bullish market from the supports of 1.2228 and 1.1250. Also, it should be noted that the current price is in a bullish channel. Immediate support is seen at 1.1269 which coincides with a key leve....

Relevance up to 10:00 2020-07-09 UTC+2 Using complex analysis, we can see a surge of speculative activity, which brought the quote out of the boundaries of stagnation. As we can see, the past trading day was interrupted by a looping process of fluctuation along the variable level of 1.2500. Ther....

Relevance up to 09:00 2020-07-09 UTC+2 EUR/USD: The EUR/USD pair looks amazing, but it seems that the euro is coming out of a rest state. Throughout Tuesday, there was a lively battle between the bulls and bears on the euro for the right to own the level of 1.1240 – the game ended in a draw las....

Relevance up to 09:00 2020-07-09 UTC+2 GBP/USD – 1H. Hello, traders! According to the hourly chart, the pound/dollar pair performed a new reversal in favor of the British currency and resumed the growth process. I have built a new upward trend corridor that quite well visualizes the current pictur....

The banking sector has been suffering a downturn since the beginning of June with almost no alternating bullish presence. In this sense, it will be safe to say that JPMorgan, Citigroup, and Bank of America are doing worse than most of the S&P. At the same time, being at the bottom of their respe...

Relevance up to 10:00 2020-07-09 UTC+2 The pair is trading in the green today and is about to validate the breakout above a critical dynamic resistance. It is trading at 1.1289, yesterday's drop was only a temporary one as the USDX has rebounded.EUR/USD should resume the upwards movement if the do....

Relevance up to 09:00 2020-07-09 UTC+2 Technical analysis recommendations for EUR / USD and GBP / USD on July 8 EUR / USD The pair tested the zone of influence of the previous maximum (1.1349) and returned to the accumulation of daily cross levels (Tenkan 1.1265). The general situation has not ....

Relevance up to 10:00 2020-07-09 UTC+2 Today we take a look at USDCAD 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 h....

Relevance up to 09:00 2020-07-09 UTC+2 Trading RecommendationEntry: 1.26113Reason for Entry: 61.8% fibonacci extension and 61.8% fibonacci retracementTake Profit: 1.24548Reason for Take Profit: Horizontal swing low supportStop Loss: 1.26708Reason for Take Profit: Horizontal swing high resistance, ....

Relevance up to 06:00 2020-07-10 UTC+2 According to the 4-hour chart, now Ripple is going upwards and heading towards 0.1999. If the bullish momentum is strong enough, there is a chance for this cryptocurrency to reach 0.2127. However, this scenario will be canceled automatically if Ripple retrace....

Relevance up to 05:00 2020-07-09 UTC+2 Trend analysis (Fig. 1).Today, an upward pullback is possible from the level of 1.1276 (closing of yesterday's candle) with the target at the resistance line 1.1330 (white bold line). If this is achieved, the upward trend may continue with the next target at ....

Relevance up to 05:00 2020-07-09 UTC+2 Trend analysis (Fig. 1).Today, the upward trend is likely to continue from the level of 1.2544 (closing of yesterday's candle) with a target at 1.2598 - a 61.8% retracement level (blue dotted line). Upon reaching this level, the upward may continue with the n....

08.07.2020EURUSD, “Euro vs US Dollar”After breaking 1.1300 to the downside and starting a new correction towards 1.1250, EURUSD has reached the short-term correctional target at 1.1260 and returned to test 1.1300 from below. Possibly, today the pair may form a new descending structure to reach 1.125...

Relevance up to 08:00 2020-07-09 UTC+2 Technical Market Outlook:After the EUR/USD pair has hit the level of 1.1347 which is the part of the supply zone located between the levels of 1.1347 - 1.1361 the price reversed quickly. The Bearish Engulfing candlestick pattern at the top of the rally has fo....

Relevance up to 08:00 2020-07-09 UTC+2 Technical Market Outlook:The GBP/USD bulls has almost hit the next target which was 61% Fibonacci retracement located at the level of 1.2597. After a underachieved rally, the market is now consolidating in a narrow range. Please notice, there is an important ....

Relevance up to 06:00 2020-07-09 UTC+2 Trading RecommendationEntry: 1.3611Reason for Entry: Horizontal swing highTake Profit :1.3560Reason for Take Profit: The horizontal overlap supportStop Loss:1.3650Reason for Stop loss: Horizontal overlap resistance *The market analysis posted here is meant to....

Relevance up to 04:00 2020-07-09 UTC+2 EUR/USD The euro continued to grow on Tuesday, having previously tested support for the target level of 1.1265 from above. As yesterday, the price is developing above the balance and MACD indicator lines on the daily chart, but the Marlin oscillator has not....

Relevance up to 04:00 2020-07-09 UTC+2 GBP/USD The pound successfully overcame the resistance of the 123.6% Fibonacci level at 1.2540 yesterday. The Marlin oscillator has invaded growth territory on the daily chart. The price is directly held by the balance indicator line. Now the nearest target....

Relevance up to 04:00 2020-07-09 UTC+2 AUD/USD The Australian dollar fell by 70 points yesterday in the morning due to the introduction of a re-quarantine in Melbourne due to the onset of the second wave of coronavirus infection. However, investors were so keen on beating the US dollar that, des....

Relevance up to 04:00 2020-07-09 UTC+2 USD/JPY Our comment from yesterday about how it is difficult for the USD/JPY pair to grow due to significant technical resistance was realized as the price re-tested the target level of 107.77 and a quick subsequent pullback from it. But the daily candle re....

Relevance up to 20:00 2020-07-08 UTC+2 On March 20, the EURUSD pair has expressed remarkable bullish recovery around the newly-established bottom around 1.0650.Shortly after, a sideway consolidation range was established in the price range extending between 1.0770 - 1.1000.On May 14, evident signs....