Trading plan for the GBP/USD pair for the week of July 26-30. New COT (Commitments of Traders) report.
The pound has adjusted to the target level and can now start a new upward trend..
Forex Analysis & Reviews
USD/JPY Upside Continuation Activated!
USD/JPY is located in the buyer's territory, so a further growth is expected as long as it stays above the median line (ml)..
July 23, 2021 : EUR/USD daily technical review and trade recommendations.
Upside pullback towards 1.1990 should be watched for SELLING Pressure with special attention if the price level of 1.1990 is bypassed as this indicates further upside movement towards 1.2100..
EUR/USD. Standby: Sell the pair on corrective spikes
The new price barrier for the EUR/USD pair is 1.1750, which keeps the price from falling to the base of the 17th figure and below. Since Monday, traders have been trying to overcome this support level every day, but in each attempt, they are redirected to their previous positions..
July 23, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
Currently, the EURUSD pair is moving downwards within the depicted bearish channel while the price level of 1.1780 stands as a prominent demand level to be watched.
Hence, any upcoming bullish pullback towards 1.1985 should be considered for bearish rejection and a valid SELL Entry..
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July 23, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Another quick bearish decline was executed towards 1.3570 where the GBPU/USD pair found considerable bullish support earlier this month.
Recently, Signs of bullish recovery has been manifested around 1.3580 leading to the current bullish pullback towards 1.3800..
Wave analysis of GBP/USD for July 23. UK business activity collapsed in July
The wave counting for the Pound/Dollar instrument still raises many questions. The last decline of the instrument is identified as a new wave a as part of a new downward wave structure or as a wave e. In the second case (ideal for markets), the construction of a downward trend section is completed..
Bitcoin: Signs of the end of the bear market
The situation on the main cryptocurrency became a little clearer this week when the price of BTC/USD reversed after a false breakout of the support at 31,082.82 (marked with a red dotted line on the chart).
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Wave analysis of EUR/USD for July 23. ECB meeting did not support the market
The wave counting of the 4-hour chart for the Euro/Dollar instrument has not changed at all in recent days and remains quite ambiguous and frankly complex. At the higher scale, the wave pattern is more or less clear..
Trading Signal for Ethereum, ETH/USD, for July 23 - 26, 2021: Buy above $2,000
Ethereum, ETH / USD, recovered sharply after having formed a triple bottom in the zone of 1,710. The price has increased by more than 18. Another catalyst that gave the bullish momentum to ETH / USD was....
Bitcoin is one step away from breaking the resistance line, but still at risk of going to the bottom
The first cryptocurrency confidently bypasses local resistance lines. Over the past day, the asset has risen by 2% with a modest daily trading volume of $20 billion. The total capitalization of bitcoin has reached $610 billion..
Trading Signal for Nasdaq 100, #NDX, for July 23 - 26, 2021: Sell Below 15,000 points
The Nasdaq 100, #NDX, has reached a record high of 15,026 points. This level is strong resistance since the 8/8 of murray on two occasions has prevented the Nasdaq from continuing to rise, and....
EUR/USD: Is the dollar going to parity?
For a long time, the Fed has argued that it is ready to endure high inflation, likewise the ECB. However, it is one thing when consumer prices in the eurozone rise by 2%, and another thing when in the United States - by 5.4%..
BTC analysis for July 23,.2021 - Exhaustion upside pattern and potential for drop towards $31.500
Watch for selling opportunities... .
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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.
