Comprehensive analysis of movement options for EUR/USD & GBP/USD (H4) on August 12, 2020
Continuation of the downward movement? Options for the development of the movement of EUR/USD & GBP/USD (H4) on August 12, 2020
American oil-producers out of game
US oil companies face tough choices
Analysis of EUR/USD and GBP/USD for August 12. Donald Trump: the number of cases of coronavirus is growing due to mass testing of the American population
The US currency continues to feel bad due to the continuing high rates of COVID-2019 spread in the US
GBPUSD and EURUSD: The UK economy will only return to normal by the end of 2021. The US dollar has taken a course to strengthen its positions against a number of world currencies
The pound left without much optimism the fact that the UK economy in the 2nd quarter of 2020 showed a slightly slower contraction than economists had predicted
EUR / USD: dollar prospect still uncertain, euro continues to be in demand during downturns
Many are now wondering whether the support for the US dollar in August is a rebound or a pause in its decline.
GBP/USD: plan for the American session on August 12
From a technical point of view, nothing has changed. After the release of the UK GDP data, bulls tried to resume the growth of the pound from the support of 1.3020. However, there was no rapid upward movement, which puts this level at risk
EUR/USD: plan for the American session on August 12
In the first half of the day, the European currency calmly approached the resistance of 1.1773, from which the first entry point into short positions can be formed in the hope of continuing the downward correction
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USDCAD looking for short term drop below trendline!
Description :
Price is facing bullish pressure from our 1st support, in line with our horizontal swing low, in line with our 50% fib retracement, where we could see a further bounce towards our 1st resistance . Ichimoku is also indicating more bullishness.
Trading Recommendation
Entry:.
Technical analysis recommendations for EUR/USD and GBP/USD on August 12
Yesterday, the pair tested the resistance of 1.1806-13 (daily Tenkan + level of 100% working off the weekly target) and returned to the zone of attraction at 1.1740 (lower border of the monthly cloud). The movement had no...
AUDJPY bouncing from 1st support, further bounce forecasted!
Description :
Price is facing bullish pressure from our 1st support, in line with our horizontal swing low, in line with our 50% fib retracement, where we could see a further bounce towards our 1st resistance . Ichimoku is also indicating more bullishness.
Trading Recommendation
Entry:.
GBPCAD is facing bearish pressure from our resistance, potential for further drop
Price is facing bearish pressure from our first resistance in line with descending trend line, horizontal overlap resistance, 61.8% fibonacci retracement and 61.8% fibonacci extension where we could see a reversal below this level.
Trading Recommendation
Entry: 1.74448
Reason for Entry:.
GBP/USD. Growth of the British economy: traders took a cool view of the "hot" numbers
The pound received support from the British macroeconomic reports today. Buyers of the GBP/USD pair got a reason to open long positions, but so far, they are not in a hurry to use this reason
Trading plan for EUR/USD on August 12, 2020. COVID-19: some lull in the second wave
Coronavirus pandemic stops at high levels. Meanwhile, the euro is under consolidation in the market.
EUR/USD. August 12. COT report. The first coronavirus vaccine has been registered in Russia. America and EU countries criticize it
The coronavirus is again gaining momentum around the world. The number of new cases is increasing. The world's first vaccine may not be safe
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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.
