2021 may be worse than 2020
2021 may be worse than 2020
Experts predicted what may happen to the markets in 2021
Forex Analysis & Reviews
Analysis of Gold for January 20,.2021 -Upside continuation and potential for the larger upside movement towards $1.863
Watch for buying opportunities...
EU wants to strengthen euro's role in the world stage
Outlook for EUR/USD.
Oil prices traded in positive zone despite growing problems in the market
Crude oil prices rose on Wednesday morning. Both Brent and WTI continue to consolidate near their maximum values in recent months. It should be noted that there are still many unresolved issues, which means that there is still potential for reduction of positions.
Trading plan for USDJPY for January 20, 2021
USDJPY has been drifting sideways since hitting 104.40 levels on January 11, 2021. Earlier, the currency had dropped through 102.59 levels before finding support and bulls had managed to take out first resistance around 103.80/90 respectively
Trading plan for EURUSD for January 20, 2021
EURUSD had retraced over a 100 pips since dropping to 1.2150 early this week. This might be the first corrective wave of the entire corrective rally towards 1.2250/1.2300 levels. The single currency pair is seen to be trading around 1.2118
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Technical analysis of EUR/USD for January 20, 2021
The EUR/USD pair continues to move upwards from the area of 1.2054 - 1.2124. Today, the first support level is currently seen at 1.2124, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.2054 , which coincides with the last.
USD/CHF Attractive For Buyers!
USD/CHF is still expected to grow in the upcoming period after taking out the downtrend line!
Bailout: US stock markets rise in anticipation of a new stimulus package
After the announcement of the US President-elect Joe Biden about the new state support package of $1.9 trillion, market participants seem to have instantly forgotten about all the existing problems. They are no longer afraid of an uncontrolled pandemic, slow vaccination rates, or even problems in.
Technical analysis of GBP/USD for January 20, 2021
The GBP/USD pair can still form an ascending impulse, it continues to rise upwards. The major support is seen at 1.3611 which coincides with the ratio of 61.8% Fibonacci Expansion. According to the main scenario, it may start forming correctional structures.
Daily Video Analysis: GBPCAD is facing bullish pressure, potential for further upside!
Today we take a look at GBPCAD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is approaching our buy entry level, in line with our 61.8% Fibonacci.
EUR/USD: Biden's inauguration could set a medium-term decline in USD. Trade policy towards China will not change with the new administration.
Janet Yellen said in a speech yesterday that she directly supports large-scale fiscal stimulus measures. She pointed out that the US economy will face a recession if the Congress does not approve additional assistance.
USDCAD reversed from Pivot point. Potential for drop!
Price has reversed from pivot at 1.27146, where we see a medium-probability bearish scenario for a drop beneath the pivot towards 1st support at 1.27146 as a possible target. Otherwise, should price fail to hold under our pivot, we could see price swing the other way towards our 1st resistance at.
EURCAD is approaching ascending trendline support, potential for a bounce!
Price is facing bullish pressure from our ascending trendline support and Ichimoku cloud, in line with our bullish bias. Price could potentially bounce at our 1st support at 1.54163, which is in line with our 61.8% Fibonacci retracement and 61.8% Fibonacci extension, towards our 1st resistance at.
USDJPY is facing bearish pressure, potential for more downside.
Price is facing bearish pressure as it is now trending below the EMA(21), in line with our bearish bias. A drop from our pivot at 103.691 towards 1st support at 103.277 could be possible. Failing to edge below the pivot would see price swing towards 1st resistance where graphical swing high.
AUDUSD is testing resistance, potential reversal!
Price is testing resistance in line with our 38.2% fibonacci retracement, 61.8% fibonacci extension and horizontal swing high resistance where we could see a reversal below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish.
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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.
