Trading recommendations for the GBP/USD pair on August 6
Passing the local high leads to an even greater exacerbation of speculative positions in the market. Details are inside the article.
Analysis of EUR/USD and GBP/USD for August 6. Dr. Anthony Fauci: Testing for coronavirus as it is now is basically meaningless
COVID-19 continues to spread in America, despite the huge amount of testing done. The statistics from the US lowered the demand for the dollar again
Analysis of Gold for August 06,.2020 - Another ascending triangle in creation and potential for test of $2.100
Watch for the breakout...
Black gold hits five-month high
For the first time in a long period, Brent crude exceeded $45
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EUR/USD: plan for the American session on August 6
In the first half of the day, I paid attention to the high probability of short positions in the resistance area of 1.1906 and recommended selling the euro from there when forming a false breakout, which happened
EUR/USD Double Top or Temporary Retreat?
The Double Top pattern will be validated by another lower low.
AUD/USD. "72nd figure": Buyers of the pair faced a new price barrier
The Australian dollar is trying to conquer the 72nd figure against the US currency, but so far unsuccessfully. Tomorrow, buyers of AUD/USD will have another chance to consolidate in this price area.
Trader's diary on 08/06/2020. EURUSD's pullback before growth
The euro met resistance at 1.1900
Technical analysis recommendations for EUR/USD and GBP/USD on August 6
After several days of correction to the increase in attempted recovery of the upward trend. The maximum was updated, but it is too early to talk about the result
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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.
