Technical Analysis of GBP/USD for October 21, 2020
Technical Analysis of EUR/USD for October 21, 2020
Yet another breakout on the Euro
Forex Analysis & Reviews
Forecast for EUR/USD on October 21, 2020
The euro deepens the correction to 1.1915.
Hot forecast and trading signals for GBP/USD on October 21. COT report. Pound's problems persist. Bears have a slight edge
Buyers failed to overcome the 1.3006-1.3024 area. The bulls need to get the pair to settle above this area in order for the pound to grow further.
Hot forecast and trading signals for EUR/USD on October 21. COT report. Bulls take another step forward, aiming for 1.1882
Buyers kept the pair above the important Senkou Span B and Kijun-sen lines and continued to put pressure on the pair.
Overview of the GBP/USD pair. October 21. Boris Johnson wanted to get a trade "deal" with the European Union in 6 months. What came out of it?
The British Prime Minister once again felt that he could get results thanks to his charisma and drive.
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Overview of the EUR/USD pair. October 21. Rules for TV debates between Trump and Biden changed.
While Joe Biden is confidently leading in the polls, Trump is calling for the Democrat and his son to be jailed and talking about election fraud that has already begun in the United States.
October 20, 2020 : EUR/USD Intraday technical analysis and trade recommendations.
The EURUSD pair has failed to maintain enough bearish momentum below 1.1750. Instead, another bullish breakout is being demonstrated towards 1.1840.
As mentioned in previous articles, the price zone of 1.1850 - 1.1870 stands as a solid SUPPLY Zone providing considerable bearish pressure if the.
October 20, 2020 : EUR/USD daily technical review and trade recommendations.
Currently, the price zone around 1.1750-1.1780 remains a Prominent Key-Zone to be watched by Intraday traders.
The current Bullish breakout above 1.1780 has enabled upside movement towards the price levels around 1.1880-1.1900 where bearish pressure and a valid SELL Entry should be anticipated.
October 20, 2020 : GBP/USD Intraday technical analysis and trade recommendations.
The GBPUSD pair has been showing lack of sufficient bullish momentum to pursue above the price level of 1.3000 upon the last few bullish trials.
That's why, Bullish Persistence above the depicted price zone of 1.2975 -1.3000 is needed to allow bullish pullback to pursue towards higher price.
Short-term technical view on EURUSD
EURUSD is moving higher as bulls recapture 1.18-1.1830 level. Price has formed a higher low and is showing signs of strength. EURUSD is now expected to move towards 1.19 as long as price holds above 1.18.
Ichimoku cloud indicator Daily analysis of Gold
Gold price remains below key resistance according to the Ichimoku cloud indicator. Price is vulnerable to a move lower as long as price is below $1,940. Gold bulls have a lot of work to do. Bulls need to be cautious if price gets rejected at current levels and pushes below $1,900 again.
NZDUSD to test major short-term support
As we have explained in previous analysis, NZDUSD could very possibly be forming a head and shoulders pattern with the neckline at 0.6520 and the target at 0.63 if the pattern is activated. Today price is pushing lower towards the short-term support of 0.6570. Breaking below this level will.
US dollar plunges deeper amid multiple crises in the US
No serious movements were noted on the USD index against the euro and the Japanese yen on Tuesday morning. Market participants are mainly pressured against the background of the unsettled negotiations on the stimulus package in the US.
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We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.
