Forex Technical Analysis

Gold 12.05.2019 - Wait for the brrreakout of the mini Pitchfork channel to confirm largerr bull move

Relevance up to 16:00 2019-12-06 UTC+1 Gold has been trading sideways at the price of $1.476. I see that there is still chance for more upside in case of the upside breakout of $1.481. Upward target levels are set at the price of $1.484, $1.494 and $1,502.Stochastic oscillator got fresh new bull c....

Instaforex

05.12.2019

26

Technical analysis

EUR/USD. December 5. Failure in the negotiations between China and the United States may collapse the euro

Relevance up to 12:00 2019-12-06 UTC+1 EUR/USD – 4H. On December 5, the EUR/USD pair performed growth to the correctional level of 61.8% (1.1104), and this level has become quite a serious obstacle for traders. In the morning trading on Thursday, there is again a slight tendency of traders to buy....

Instaforex

05.12.2019

36

Technical analysis

GBP/USD. December 5. Pound longs for the victory of the Conservative Party in the election and completion of Brexit

Relevance up to 12:00 2019-12-06 UTC+1 GBP/USD - 4H. On December 5, the GBP/USD pair continues the growth process in the direction of the correction level of 100.0% (1.3378), after fixing the quotes above the Fibo level of 76.4% (1.3044) and above the trend area. The period of calm has ended and ....

Instaforex

05.12.2019

13

Technical analysis

EUR/USD Daily

Long-term review EUR/USD is showing a situation similar to AUD/USD. A longer-term downtrend (red line) broken as it already pierced in a false break in October and stopped at the 1.11 resistance level, that happens to be also a level through which the Blue trend line is passing. The yellow line th....

Instaforex

05.12.2019

31

Technical analysis

Analysis and forecast for EUR/USD on December 5, 2019

Relevance up to 09:00 2019-12-06 UTC+1 Hello, dear colleagues!As expected in the previous review of the main currency pair, the growth continued. However, the technical picture was extremely interesting and quite controversial.Before moving on to price charts, a bit about the external background a....

Instaforex

05.12.2019

16

Technical analysis

Technical analysis recommendations for EUR/USD and GBP/USD on December 5

Relevance up to 09:00 2019-12-06 UTC+1 Economic calendar (Universal time) Today, the economic calendar contains a variety of statistics, but publication of important indicators on December 5 is not expected. EUR / USD Yesterday, none of the players managed to be as convincing as possible. As a....

Instaforex

05.12.2019

20

Technical analysis

Technical analysis of EUR/USD for December 05, 2019

Relevance up to 10:00 2019-12-06 UTC+1 Overview:Pivot: 1.1078.The EUR/USD pair didn't make any significant movements this week. There are no changes in our technical outlook. The bias remains bullish in the nearest term testing 1.1175 or higher. Immediate support is seen around 1.1027. The EUR/USD....

Instaforex

05.12.2019

27

Technical analysis

Indicator analysis: Daily review on December 5, 2019, on GBP/USD currency pair

Long-term review Trend analysis (Fig. 1).On Thursday, the price can continue to move up with the target of 1.3168 (a pullback level of 50%) presented in a yellow dashed line, and upon reaching this level, start a pullback move down with the first target 1.2991 (pullback level of 14.6%) presented i....

Instaforex

05.12.2019

23

Technical analysis

Where to buy EUR/USD pair better?

Long-term review Good afternoon, dear traders! I present to you a trading idea for the EUR/USD pair So, yesterday, as we expected, the EUR/USD pair broke the extreme on November 25 during the European session. However, a series of news came out in America that drove the pair to a point of initia....

Instaforex

05.12.2019

19

Technical analysis

USDCAD reversal confirmed

Relevance up to 09:00 2019-12-07 UTC+1 In our last analysis on USDCAD we pointed out the confirmed resistance around 1.33 and that we were bearish as price showed weakness signs. Our view was confirmed shortly after as price got rejected and sellers pushed price from 1.33 to 1.3178 where it curren....

Instaforex

05.12.2019

14

Technical analysis

AUDUSD daily

Long-term review USD gave in to its major rivals. The Aussie has rebounded form the the 4 months green ascending trend line (accumulation?) and broken the short term descending trend line at 6790 and sprinted from there.It stopped close to the resistance at .6860 and shortly declined amid weak GDP....

Instaforex

05.12.2019

9

Technical analysis

Technical analysis: Important Intraday Levels for USD/JPY, December 05, 2019

Relevance up to 04:00 2019-12-06 UTC+1 In Asia, Japan will release the 30-y Bond Auction and the US will also publish some economic data such as Natural Gas Storage, Factory Orders m/m, Unemployment Claims, Trade Balance, and Challenger Job Cuts y/y. So there is a probability the USD/JPY pair will....

Instaforex

05.12.2019

8

Technical analysis

Gold at critical resistance

Relevance up to 09:00 2019-12-07 UTC+1 Gold price has reached our $1,480-90 target area. Price has not touched the 61.8% Fibonacci retracement or the upper bearish channel boundary yet, but price is pulling back after getting rejected at this wide resistance area.Green lines - bearish channelGreen....

Instaforex

05.12.2019

7

Technical analysis

Indicator analysis: Daily review on December 5, 2019, on EUR/USD currency pair

Long-term review According to the news, on Tuesday, the pair moved in the side channel instead of the bottom. Furthermore, the price almost tested the upper border of the Bollinger line indicator 1.1119, presented in a purple dashed line. However, after working out the news, the market went down b....

Instaforex

05.12.2019

7

Technical analysis

Technical analysis of EUR/USD for 05/12/2019:

Relevance up to 08:00 2019-12-06 UTC+1 Technical Market Overview:The EUR/USD pair has made another higher high at the H4 timeframe chart at the level of 1.1116, but the bears counter-attack and made a Bearish Engulfing candlestick pattern immediately. The price has to go back to the range and is c....

Instaforex

05.12.2019

4

Technical analysis

Technical analysis: Important Intraday Levels For EUR/USD, December 05, 2019

Relevance up to 04:00 2019-12-06 UTC+1 When the European market opens, some economic data will be released such as French 10-y Bond Auction, Spanish 10-y Bond Auction, Revised GDP q/q, Retail Sales m/m, Final Employment Change q/q, and German Factory Orders m/m. The US will also publish the econom....

Instaforex

05.12.2019

0

Technical analysis

Technical analysis of GBP/USD for 05/12/2019:

Relevance up to 08:00 2019-12-06 UTC+1 Technical Market Overview: After the breakout from the Triangle pattern had occurred, the GBP/USD pair has hit the new highs located at the level of 1.3127. The momentum is strong and positive, so this move up might get some extension even higher. The technic....

Instaforex

05.12.2019

4

Technical analysis

NZD/USD further rise in progress!

Relevance up to 05:00 2019-12-06 UTC+1 Trading RecommendationEntry: 0.65400Reason for Entry: 23.6% Fibonacci retracement, horizontal overlap supportTake Profit : 0.65800Reason for Take Profit: 61.8% Fibonacci extensionStop Loss: 0.65040Reason for Stop loss:Graphical Swing Low38.2% Fibonacci retrac....

Instaforex

05.12.2019

12

Technical analysis

USD/JPY approaching support, potential bounce!

Relevance up to 05:00 2019-12-06 UTC+1 Trading RecommendationEntry: 107.898Reason for Entry: 127% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low supportTake Profit : 109.852Reason for Take Profit: horizontal swing high resistance100% Fibonacci extensionStop Loss: 106.62Reason....

Instaforex

05.12.2019

8

Technical analysis

Forecast for GBP/USD on December 5, 2019

Relevance up to 04:00 2019-12-06 UTC+1 GBP/USD Yesterday, the British pound overcame the October 21 high and as a result accelerated growth, almost reaching the upper limit of the price channel (1.3147). If the channel wall is overcome, the next pound target will be the Fibonacci reaction level ....

Instaforex

05.12.2019

7

Technical analysis

Technical analysis: Important Intraday Levels for USD/JPY, December 05, 2019

Relevance up to 04:00 2019-12-06 UTC+1 In Asia, Japan will release the 30-y Bond Auction and the US will also publish some economic data such as Natural Gas Storage, Factory Orders m/m, Unemployment Claims, Trade Balance, and Challenger Job Cuts y/y. So there is a probability the USD/JPY pair will....

Instaforex

05.12.2019

5

Technical analysis

Forecast for EUR/USD on December 5, 2019

Relevance up to 04:00 2019-12-06 UTC+1 EUR/USD Disappointing data recently came out on new jobs in the private sector in the ADP estimate for November - against expectations of 137 thousand, the indicator showed an increase of 67 thousand and the October data was revised down from 125 thousand t....

Instaforex

05.12.2019

9

Technical analysis

Forecast for USD/JPY on December 5, 2019

Relevance up to 04:00 2019-12-06 UTC+1 USD/JPY The information received yesterday from the headquarters of the US and Chinese negotiators on trade encouraged the markets - representatives of the parties allowed the conclusion of the first phase of the deal until December 15, before the date of t....

Instaforex

05.12.2019

17

Technical analysis

EUR/USD left a trap for buyers

Long-term review Good evening, dear traders! I present the trading idea for the EUR/USD pair. Today, December 4, at 14:00 Universal time, data on employment in the non-productive sphere of the United States were released and at the same time, statements by the Bank of Canada were passed, which s....

Instaforex

05.12.2019

18

Technical analysis

December 4, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

Relevance up to 20:00 2019-12-05 UTC+1 Since October 2, the EURUSD pair has been trending-up until October 21 when the pair hit the price level of 1.1175.The price zone of (1.1175 - 1.1190) stood as a significant SUPPLY-Zone that demonstrated bearish rejection for two consecutive times in a short-....

Instaforex

04.12.2019

18

Technical analysis

December 4, 2019 : GBP/USD Intraday technical analysis and trade recommendations.

Relevance up to 16:00 2019-12-05 UTC+1 Since October 21, the GBP/USD pair has failed to achieve a persistent bullish breakout above the depicted SUPPLY-zone (1.2980-1.3000) which corresponds to a previous Prominent-TOP that goes back to May 2019.Moreover, an ascending wedge reversal pattern was co....

Instaforex

04.12.2019

36

Technical analysis

Gold 12.04.2019 - Watch for potential breakout of $1.484 to confirm further upside continuation

Relevance up to 15:00 2019-12-05 UTC+1 Gold is building pivots around Pitchfork ML and important resistance at $1.479. It is very common that after the price reach Pitchfork ML, we see multiply pivots to form around that ML. The breakout of the $1.484 will confirm further upside and potential test....

Instaforex

04.12.2019

44

Technical analysis

EUR/USD for December 04,2019 - First upward objective at the price of 1.10964 reached, potential for more upside

Relevance up to 15:00 2019-12-05 UTC+1 EUR did break our important multi-pivot resistance at 1.1094 and reached first upward target. There is potential for further upside and potential test of 1.1176 (second upward target). MACD oscillator is showing increase on the upside momentum, which is good ....

Instaforex

04.12.2019

40

Technical analysis

Technical analysis of AUD/USD for December 04, 2019

Relevance up to 13:00 2019-12-05 UTC+1 Overview: The AUD/USD pair will continue moving downwards from the level of 0.6826 (this level coincides with the 38.2% of Fibonacci retracement levels in H4 chart). Accordingly, the Aussie is going to show signs of strength at the lowest price of 0.6820. Thu....

Instaforex

04.12.2019

30

Technical analysis

Gold is testing the November high

Since yesterday, gold has been testing the November high of 1,476. On the daily chart, it is also visible that it is testing the resistance of the 50-period and 100-period Moving Averages. This means that the bullish factors are slowly gaining momentum in the market. At least, the bearish bias is no...

FBS

04.12.2019

20

Technical analysis

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