BTC analysis for August 05,.2020 - Watch for the potential breakout of the ascending triangle to confirm further upside continuation towards the level $12.000
Watch for the breakout...
Analysis of Gold for August 05,.2020 - Ascending triangle mesured projection almost reached at $2.050
Watch for buying opportunities on the intraday dips..
USD/JPY Downside Could Resume!
A downtrend line retest will signal a drop towards ...
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Analysis of EUR/USD and GBP/USD for August 5. Trump diverts American's attention away from coronavirus with Beirut's explosion
The American president took advantage of the tragic situation in Lebanon and said that Beirut was "attacked by someone."
Analysis and forecast for GBP/USD on August 5, 2020
It is the last two trading days of the current five-day period that will determine the exchange rate of the pound/dollar currency pair and significantly affect the closing price of weekly trading
Simplified wave analysis and forecast for EUR/USD and USD/JPY on August 5
There are no conditions for purchases in the euro market today. In the area of the calculated resistance, it is recommended to track reversal signals to search for entry into short positions.
Analysis and forecast for EUR/USD on August 5, 2020
Investors fear that COVID-19 will cause more damage to the world's leading economy, and its recovery will be slower than in the Eurozone
EUR/USD. August 5. COT report. Traders are not ready to buy US currency. The information background for the dollar remains extremely difficult
Bull traders still have excellent chances of resuming the pair's growth. In America, nothing is changing for the better, graphic factors are also in favor of the euro
GBP/USD. August 5. COT report. Traders are waiting for the Bank of England meeting and are still inclined to sell the British dollar. The main thing is not to miss the pair above the level of 1.3100
Both large and small traders are preparing for a possibly prolonged fall in the British pound. However, they do not have enough information to push for new sales
Trading idea for the USD/JPY pair
The strong impulse on Friday raised the quote by more than 2,000 pips. But now, over the past two days, the quote retraced 61.8% in the price chart.
Instaforex Daily Analysis - 5th August 2020
Today we take a look at USDCAD and see how we are going to play the bounce!
We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today.
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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.
