1 million traders lost their funds due to the collapse of bitcoin
1 million traders lost their funds due to the collapse of bitcoin
Positions worth almost $ 10 billion were forcibly closed. The bitcoin dominance index continues to decline.
Forex Analysis & Reviews
EUR/USD. Calm before the storm: will the assault on the 20th figure take place?
The US dollar has been losing ground for the second consecutive week. Bulls of the EUR/USD pair have come close to the resistance level of 1.2000. This target is symbolic and psychologically important, which will be difficult for the pair's bulls to overcome.
EUR/USD, GBP/USD - results of the week and future prospects
The week ended again with bulls having the upper hand. This time, they were able to close the week above important resistance levels. Being able to settle above will allow you to continue...
Problems with the supply of electricity in China have brought down bitcoin and the entire cryptocurrency market
The rate of "digital gold" fell by $ 10,000 in less than a day.
GBP/USD. Preview of the new week. The unrest in Northern Ireland is a serious problem, but London is in no hurry to solve it.
The fundamental background still has a very indirect impact on the pair. On the daily TF – correction, on the 4-hour – "swing".
EUR/USD. Preview of the new week. A passing meeting of the ECB and the focus of the bulls at the level of 1.2090.
The macroeconomic background from the EU next week will be almost zero. Traders have an excellent opportunity to take the pair up by another 100 points.
The Central Bank of Turkey has banned cryptocurrencies. Who's next?
Apk Invest continues to invest in the NASDAQ-listed CoinBase exchange.
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EUR/USD: The moment of truth
Until recently, I was sure that the EUR/USD rate would drop to the level of 1.14, but today we must admit that not everything is as simple as it seemed at first. The EUR/USD currency pair has never been simple, and its current somersaults once again confirm its wayward nature.
GBP/USD. Pound in anticipation of "hot" events in Northern Ireland
Dollar pairs cannot determine the direction of their movement. This applies to all major group currency pairs. Torn by contradictions, traders do not risk investing in the greenback – however, quoted currencies are also not in proper demand.
April 16, 2021 : EUR/USD daily technical review and trade recommendations
Further bearish decline extended towards 1.1710 which provided BUYING Pressure while being tested.
Hence, an upside pullback was expected to pursue towards 1.1840 which failed to provide sufficient bearish pressure.
Netflix stock price trapped in a trading range for nearly a year
Netflix stock price is trading around $546. The stock price of Netflix has been trading inside the trading range of $575-$466 since May of 2020. Despite being in a bull market where indices make new all time highs, the stock price has been consolidating inside this range. This is not necessarily a.
April 16, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
The EURUSD pair has launched the current bearish decline below 1.1820. Further bearish continuation is expected to pursue at least towards 1.1690 or at least few pips above.
Around 1.1690, a high probability bullish trade could be taken around it, a bullish pullback was expected to occur towards.
April 16, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Short-term outlook has turned into bearish after the GBP/USD pair could maintain movement below the price zone of 1.3820-1.3900 which corresponded to (61.8%-50%) Fibonacci zone. However, the pair has recently failed to drop below the price level of 1.3670.
Another Recent bullish trial for.
Gold price continues higher approaching our first target area
Gold price gave us two bullish signals yesterday. The first one was when price broke above the short-term trend line resistance at $1,746 and the second one and most important one was when price broke above $1,758 major horizontal resistance.
Short-term view on XRP/USD for April 16, 2021
XRP/USD earlier today broke down below our first trend line support and reached our first horizontal support area and first pull back target area of $1.50-$1.30. With a low at $1.41 and having reached the 38% Fibonacci retracement level of the breakout move, there are increased chances that we will.
Litecoin reached our target and remains in bullish trend.
LTC/USD reached our $286 target and has pulled back towards $270. Trend remains bullish as price is inside the bullish channel after the triangle break out. The triangle break out was an important bullish signal and our next target as we said in previous posts, is now at $332.
Is EURUSD forming a right hand shoulder?
EURUSD is trading just below 1.20 after a strong bounce from 1.17 low. Our bounce target area was around 1.20-1.2050 where we now find important resistance. If price makes a top at current levels and turns towards 1.17, then we will have a complete formation of a head and shoulders pattern.
USDCAD rejected at 1.2550-1.26, vulnerable to a move towards 1.23
USDCAD continues trading inside the downward sloping wedge pattern since August of 2020. Trend remains bearish as price continues making lower lows and lower highs. We warned in previous posts that in order for trend to change, price needed to move above 1.26-1.2650 level and out of the wedge.
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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.
