Trading idea for the USD/JPY pair
Trading idea for the USD/JPY pair
An interesting scenario occurred in USD/JPY yesterday, which confirmed the end of the ongoing correction.
Forex Analysis & Reviews
AUD/USD To Exit Its Range Soon?
AUD/USD maintains a bullish outlook in the short term. An upside breakout from the current range brings a long opportunity!
Why do people buy bitcoin despite its high price?
Some people want to give bitcoins to their children while others simply hope to become millionaires
EUR/USD: Tax for wealthy Americans will be increased. Meanwhile, the EU is heading towards a double economic recession.
The announcement of the ECB yesterday was unexpected. Its president, Christine Lagarde, said the EU economy is heading towards a double recession, but noted that the current bond purchase program is sufficient to offset it.
Daily Video Analysis: XAUUSD is facing bullish pressure, potential for further upside!
Today we take a look at XAUUSD. 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 facing bullish pressure from the Ichimoku cloud, which is in line.
USDJPY is testing resistance, potential reversal
Price is facing bearish pressure from our first resistance level, in line with our descending trend line, in line with our horizontal pullback resistance, 38.2% fibonacci retracement where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line.
GBPCHF is approaching ascending trendline support , potential for a bounce!
Price is approaching our ascending trendline support and 1st support at 1.21258, in line with our 61.8% Fibonacci retracement and 100% Fibonacci extension. Price could potentially bounce at our 1st support and rise further towards our 1st resistance at 1.21967, which is in line with our 78.6%.
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EURUSD is approaching support, potential bounce!
Price is testing our first support, in line with our ascending trend line, graphical pullback support, 23.6% fibonacci retracement and 61.8% fibonacci extension where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias..
GBPUSD is approaching support, potential bounce!
Price is testing our first support, in line with our ascending trend line, graphical pullback support, 38.2% fibonacci retracement and 61.8% fibonacci extension where we could see a bounce above this level. A break above our upside confirmation could see a further push up to test our first.
Biden's Keystone decision to deliver blow to Canada's economy
The leader of the Canadian oil center called Biden's decision to cancel the Keystone XL pipeline project an "insult" and urged Prime Minister Justin Trudeau to consider retaliation.
Technical Analysis of ETH/USD for January 22, 2021
Ethereum drops towards the level of $1,100
Technical analysis EUR/USD for January 22, 2021
Once the S/H/S neckline broke at 1.2280, the price of EUR/USD went into a triangle consolidation before moving lower towards the S/H/S target at 1.2201. The descending price action struggled a bit after breaking down from the triangle consolidation and went into a Diamond consolidation
Technical Analysis of EUR/USD for January 22, 2021
Euro hits the upper supply zone level, correction terminated?
Technical Analysis of GBP/USD for January 22, 2021
Pound makes another marginal higher high
Technical analysis of GBP/USD for January 22, 2021
The GBP/USD pair continues to move upwards from the level of 1.3608. The pair rose from the level of 1.3660 (the level of 1.3660 coincides with a ratio of 61.8% Fibonacci retracement) to a top around 1.3745. However, the trend moved downside and the structure of a fall does look corrective - close.
Technical analysis of EUR/USD for January 22, 2021
The EUR/USD pair fell from the level of 1.2233 to bottom at 1.2054 this week. But the trend rebounded from the last bearish wave of 1.2054 to close at the point of 1.2160. Today, the EUR/USD pair faced strong support at the level of 1.2119.
EUR/USD. PMI, ZEW and a weakening USD
Today, PMIs will be released in major European countries. Several experts believe that these indicators will reflect a certain trend: the manufacturing sector will remain upwards, while the service sector will noticeably decline.
GBP/USD: plan for the European session on January 22. COT reports (analysis of deals). Pound actively grows. Aims to surpass 1.3743
I did not enter the market despite the fact that a fairly large upward movement of the pound took place yesterday morning. I waited for a return and a false breakout at 1.3669 and only then did I plan to open long positions at these prices...
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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.
