Trader's diary on 08/14/2020. EURUSD and US Market
The period of consolidation has begun
14th August : Video analysis on NZDUSD
Today we take a deep dive look at NZDUSD and how to trade this currency pair. We utilize a range of Fibonacci retracements, extensions, support/resistance, oscillators and correlation to analyze the markets.
NZDUSD holding below descending trendline resistance!
Price holding below descending trendline resistance. A drop below 38.2% Fibonacci retracement and 1st resistance at 0.65544 towards 1st support at 0.65265 is possible..
Trading Recommendation
Entry: 0.65544
Reason for Entry:
Decending trendline resistance, 38.2% Fibonacci retracement
Take Profit:.
USDCAD retesting 1st resistance, potential for further drop!
Price is facing bearish pressure from our 1st resistance, where we could see a further drop below this level. A break below our downside confirmation target could provide the bearish acceleration to our first support target.
Trading Recommendation
Entry: 1.3233
Reason for Entry:
horizontal.
AUDUSD facing bearish pressure, potential for further drop
Price is facing bearish pressure from our first resistance in line with our descending trend line, horizontal pullback resistance and 61.8% fibonacci retracement where we remain bearish below this level and could see a further drop to our first support target.
Trading Recommendation
Entry:.
Wave analysis for EUR/USD on August 14. A decline to 1.1635 is almost guaranteed. Today's US reports can help markets implement wave counting
Before resuming the construction of the upward trend, the dollar should pull back to at least 1.1635. We are waiting for the euro/dollar instrument to decline today
Trading recommendations for the GBP/USD pair on August 14
A critically low volatility signals an upcoming acceleration. Details and trading ideas are inside the article.
Dollar believed in its immortality, but overestimated its power
The US currency has been leading the world market for many years, and its dominance has always been considered an indisputable fact. However, now, in the era of breaking the usual paradigms, the dollar has to rethink a lot and prepare to yield its position to other currencies.
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Analysis and forecast for USD/CHF on August 14, 2020
Today's review of the USD/CHF currency pair will focus on the technical component
Analysis for EUR/USD on August 14. Prospects for closing the week
Despite the fact that Thursday's trading ended slightly above the daily Tenkan line, the closing price below the important and strong level of 1.1800 and the long upper shadow of yesterday's candle do not inspire much optimism
Technical analysis recommendations for EUR/USD and GBP/USD on August 14
Closing of the week is approaching. The pair remains within the range of last week's movement, thus maintaining uncertainty. The center of attraction and influence is working all week
EUR/USD. August 14. COT report. The US dollar has a chance to grow on Friday, however, everything will depend on the report on GDP in the Eurozone in the second quarter
Traders are waiting for the most important report on Friday and will build their trades according to its results today. The dollar needs as strong a collapse of the European economy as possible
GBP/USD. August 14. COT report. Traders are confused. The insurmountable area is 1.3005-1.3125. Markets need a new strong driver to resume the trend
American statistics on Friday may have an impact on the market, however, it is unlikely to help the British exit the side corridor
Simplified wave analysis and forecast for GBP/USD, AUD/USD, EUR/JPY on August 14
Only intraday supporters can afford to trade on the pound market today. When selling, you should be careful. After the appearance of reversal signals, you should change the vector of trade transactions
AUD/USD. Trade recursion: sell on growth to buy on declines
The aussie has no arguments of its own to conquer the 72nd figure, while the US dollar's vulnerabilities makes it possible for traders to enter purchases when falling to the lower boundary of the price range.
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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.
