EUR/USD: the dollar is inclined to further decline
EUR/USD: the dollar is inclined to further decline
The dollar resumed its decline during the Asian session and at the beginning of the European session.
Forex Analysis & Reviews
Technical analysis for EUR/USD on April 19. Market maker's loss level (1.2126) as a strategic target of long-term growth
According to the latest CoT reports, buyers' net preponderance increased by 5% compared to the data of a week ago, which in turn, is the first sign of a possible continuation of growth
Analysis of Gold for April 19,.2021 - Potential for long opportunities on the pullbacks towards $1.800
Watch for buying opportunities on the pullbacks....
EUR/USD analysis for April 19 2021 - First target reached and potential for second target at 1.2100
Watch for buying opportunities on the pullbacks....
Technical analysis recommendations for EUR/USD and GBP/USD on April 19
Bullish traders have left the stagnation zone and are actively trying to continue rising. They have now already entered the daily cloud and so, we can note the upward pivot points at
What direction will the US dollar choose this week?
The US currency is determined with the choice of direction at the beginning of this week, trying to leave a dominant position. However, experts note the inconsistency of the USD dynamics, which seeks to consider a bullish scenario.
Fractal analysis of major currency pairs on April 19, 2021
The EUR/USD pair is expected to continue the upward movement after the level of 1.2010 is broken. The key support level is 1.1951. The GBP/USD will follow the upward trend from April 12. The key resistance level is 1.3894 and the key support level is 1.3775. The USD/CHF pair is expected to continue.
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New price war in the oil market
Oil producers are concerned that the current price increases may cause another war in the oil market.
Demand for risk resumes, while the US dollar loses momentum. Overview of USD, EUR, GBP
The risky assets continue to benefit from large-scale stimulus measures. Last Friday, the S&P 500 closed at a new record high for its sixth straight weekly gain and at the same time, the Asian and European indexes are also increasing
Technical Analysis of EUR/USD for April 19, 2021
Intraday bias in the EUR/USD pair stays in a bullish first. Rise from 1.1971 could still extend higher with 1.2121 resistance intact.
Technical analysis for GBP/USD pair for the week of April 19-24, 2021
Last week, the pound/dollar pair rose and broke through the level of 1.3797 (yellow dotted line) – the pullback level of 23.6%, and closed the weekly candle at 1.3834. This week, the price will most likely continue rising.
Technical analysis for EUR/USD pair for the week of April 19-23, 2021
The euro/dollar pair increased and tested the level of 1.1989 – 21 simple averages (black dashed line) last week. The weekly candle closed at 1.1981. This week, the price will most likely continue its growth.
Bitcoin went down 15% over the weekend
Bitcoin hit $ 64,000 on Wednesday after Coinbase Global debuted on the stock market. But on Sunday, the cryptocurrency fell by 15% due to three reasons.
Technical Analysis of GBP/USD for April 19, 2021
The GBP/USD pair advances toward 1.3890 as U.S Dollar yields decline. The GBP/USD pair is on the rise as falling US Dollar yields drag the Pound up. Britain's successful vaccination campaign and an optimistic market mood also support cable in coming days.
Horizontal volume forecast for Bitcoin, 19.04.21
Daily bitcoin forecast based on volume and technical analysis with statistics and positions
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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.
