BTC/USD pair broke through $ 60,000 mark
BTC/USD pair broke through $ 60,000 mark
Bitcoin managed to break through the level of $ 60 thousand. Does it have prospects to start a prolonged growth?
Forex Analysis & Reviews
Technical Analysis of GBP/USD for April 12, 2021
The GBP/USD pair eased from the mentioned daily high to set around 1.3750. The bullish potential remains limited, according to the one-hour chart, as technical indicators were unable to enter positive levels, easing from neutral readings.
Analysis of GBP/USD on April 12. UK exports to EU countries continue to decline in 2021
The wave pattern for the Pound/Dollar instrument looks more convincing after making adjustments, but there are still several different scenarios for the development of events.
Wave analysis of EUR/USD on April 12. Price may rise to 1.2038
Analysis of the situation from the point of view of the classic Elliott wave analysis.
EURJPY forming a rising wedge pattern
EURJPY is in a bullish trend making higher highs and higher lows. However price is forming an upward sloping wedge pattern that usually is followed by a downward break and a pull back. So far price is respecting the boundaries of the wedge pattern and there is no reversal signal yet. Nevertheless.
Analysis of EUR/USD on April 12. Distribution of EU Recovery Fund will begin summer
The wave counting on the 4-hour chart is still quite unambiguous and looks quite understandable.
Gold's pull back could be a great buying opportunity
Gold price got rejected at the horizontal resistance of $1,758 and is now pulling back. Price could very well pull back in order to form a higher low as we explained in our previous post. This pull back could see Gold price reach $1,700-20 area. Now Gold is trading at $1,731.
Ichimoku cloud indicator analysis of EURUSD for April 12, 2021
EURUSD is trading at 1.1908. We use today the Ichimoku cloud indicator to identify key support and resistance levels and the overall trend of the pair. So far price remains below the cloud resistance thus having a bearish trend. However recently we got some bullish signs that we mentioned in.
Email Subscription
Do you want to receive Forex analytics newsletter to your email?
Subscribe to analytics newsletter and get fresh daily reviews prepared by InstaForex professional analysts. You can choose which type of analysis and from what analysts you wish to recieve to your email address daily. Be on top of the Forex market events with InstaForex!
GBP/USD: easing lockdown and clashes in Northern Ireland
The recent events in Northern Ireland and negative macroeconomic data dampened optimism about progress in the battle with the coronavirus. Clashes in Belfast and some other towns in Northern Ireland are raging for 8 days straight.
XRP/USD is consolidating before next upward wave
XRP/USD is trading around $1.30-$1.42 after making a 3 year new high at $1.4936 on Sunday. Trend remains bullish as price is respecting all previous key support levels and is making higher highs and higher lows. For the last few hours price is mostly moving sideways as a pause to the up trend and.
Trading Signal for Nasdaq #NDX for April 12 - 13, 2021: Key level 13,690
On a technical level, the Nasdaq, has a strong top at 13,830, has formed a double top, by which, according to these fundamental data, a correction is expected for the next few hours.
Bitcoin Dominance Index declines
As the title of the article suggests, the bitcoin dominance index is declining in the long term. What does this mean?
April 12, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Since then, the GBPUSD pair has been moving sideways with bearish tendency.
Short-term outlook has turned into bearish after the GBP/USD pair could maintain movement below the price zone of 1.3820-1.3900 which corresponded to (61.8%-50%) Fibonacci zone.
Trading Signal for GBP/USD for April 12 - 13, 2021: Key level 1.3740
Some support awaits at 1.3720, there on several occasions the pair has also found support. This level coincides with the SMA of 21 in 1-hour charts. If there is a rebound at this level, it could be a good opportunity to buy.
April 12, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
Around 1.1690, a high probability bullish trade could be taken around it, a bullish pullback should be expected towards 1.1850.
The current bullish pullback towards the price zone of 1.1850-1.1880 should be considered for bearish rejection and a valid SELL ENTRY.
April 12, 2021 : EUR/USD daily technical review and trade recommendations.
Upside pullback was expected to pursue towards 1.1840 which failed to provide sufficient bearish pressure.
The current Upside breakout above 1.1840 can enhance further movement towards 1.1990 where selling pressure maybe anticipated.
Local recession or full-fledged correction: ETH/USD, XRP/USD, and LTC/USD quotes began to fall
The past weekend was extremely positive for the cryptocurrency market. The indicators of the main altcoins have overcome psychological boundaries, which allowed them to show considerable growth.
EUR/USD Hot Forecast for 12 April, 2021
EUR/USD tops 1.19 as the dollar retreats ahead of critical bond auction
Trading Signal for EUR/USD for April 12 - 13, 2021: Symmetrical Triangle - Key level 1.1890
The 4-hour chart shows that the pair is struggling with the 200 exponential moving average, around 1.1901. The eagle indicator is showing an overbought signal and with a probability of a downward correction in the next few hours.
Show more
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.
