Forecast for USD/JPY on December 4, 2020
Forecast for AUD/USD on December 4, 2020
AUD/USD is aiming for 0.7340.
Forex Analysis & Reviews
Forecast and trading signals for EUR/USD on December 4. COT report. Analysis of Thursday. Recommendations for Friday
The European currency continues to show unrestrained growth. Maybe it will burst into a downward correction on Friday?
EUR/USD. Dollar and NonFarm: Test for the upward trend's stability
The EUR/USD pair continues to renew price highs, demonstrating the upward momentum. Tomorrow's Nonfarm report will be a kind of marker for determining the viability of the upward trend.
USDJPY continues lower towards our next target of 103.
USDJPY continues to trade inside the bearish channel we mentioned last time. Price today is breaking below 104 and trading now at 103.80. Our next target as we mentioned in our previous analysis is at 103 and lower.
Technical analysis of EURUSD
EURUSD today reached and surpassed our first target of 1.2130. Price continued higher towards 1.2175 but at the end of the day price is near its lows. Short-term trend remains bullish but there are high chances for a pull back towards channel support around 1.2090.
Gold price halts advance right below major resistance
Gold bulls have enjoyed a big relief bounce from $1,763 low to $1,843. My bounce expectations where not that optimistic, but the market knows better. Gold price has reached just below the major resistance that was once major support. The $1,850 area is important resistance and a rejection here.
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Trading Signal for GBP/USD for December 03 - 04, 2020: Buy above 1.3430
On a technical level, you can see on the 4-hour chart, that the GBP/USD is with strong bullish momentum, at this time of writing the analysis, it is trading above 6/8 Murray, a key level. We hope it will continue to rise to...
GBP still rises, but traders brace for slump
What has the most significant influence on the pound sterling: the unprecedented drop in the US dollar or the Brexit issue?
Trading Signal for EUR/USD for December 03 - 04, 2020: Strong Resistance at 1.2165
The EUR/USD pair, driven by the appetite for risk in the market, extends the upward movement near the 7/8 area of murray, around 1.2146, this level is key, because if it fails to remain above, we could expect a...
December 3, 2020 : EUR/USD daily technical review and trade recommendations.
Further upside movement is being demonstrated towards 1.2160 where a false breakout to the upside may be expressed as a possible bearish reversal signal.
Hence, Bearish closure below the mentioned price zone of 1.2100 is needed to turn the intermediate outlook for the pair into bearish and enhance.
December 3, 2020 : EUR/USD Intraday technical analysis and trade recommendations.
The recent bearish H4 candlestick closure below 1.1770 was mentioned in previous articles to indicate a valid short-term SELL Signal.
All bearish targets were already reached at 1.1700 and 1.1630 where the recent bullish recovery was initiated.
This recent bullish pullback towards the price zone.
December 3, 2020 : GBP/USD Intraday technical analysis and trade recommendations
Further bullish advancement was expressed towards 1.3380-1.3400 where the pair looked overbought after failure of the previous price zone to offer sufficient bearish pressure on the pair.
Bearish Price action was demonstrated around the price levels of (1.3380-1.3400) as a valid SELL Entry Signal.
Oil prices decline amid indecisive OPEC+
After rising the day before, oil prices are declining on Thursday in anticipation of information from OPEC + on volumes of further production cuts in the next few months. Thus, on the London ICE Futures stock exchange, the price of the February futures of the North Sea oil mixture Brent fell by.
BTC analysis for December 03,.2020 - Balancing mode on BTC and potential for the imbalanced regime
Watch for buying opportunities...
Stock markets in Asia traded in green zone while Europe faced losses
The stock markets in the Asia-Pacific region are in a very positive mood on Thursday. The major stock indexes are growing following positive news about the coronavirus vaccine. More precisely, a wave of enthusiasm was caused by the news about the beginning of the use of the drug in the general.
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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.
