The end of the medium-term correction of GBPUSD. Everything is ready for sale.
The end of the medium-term correction of GBPUSD. Everything is ready for sale.
This week the pair has reached two significant resistance zones at once. Yesterday, the weekly short-circuit and the zone of the average movement of the pair were tested.
Forex Analyse & Reviews
EUR/USD is ready to fall. Where to find a sale?
The decline in the EUR/USD pair yesterday made it possible to form a downward reversal pattern of the daily level. And this might be the first step for the continuation of the mid-term decline of the previous month.
Overview of the GBP/USD pair. October 23. Boris Johnson complained about the EU for a week and finally decided to resume negotiations on a trade deal.
The fickleness of the British Prime Minister can only be envied. Sets a deadline for negotiations and cancels it himself. Negotiations continue.
Overview of the EUR / USD pair. October 23. TV debates between Biden and Trump will put an end to the pre-election distribution of votes. The Democrats are not counting on a peaceful transfer of power.
Joseph Biden's staff has begun working to develop a plan of action in case Donald Trump refuses to hand over power voluntarily.
EUR/USD. Euro "caught" the coronavirus, dollar in anticipation of Friday's turbulence
The euro-dollar pair continues to trade amid a contradictory fundamental background. The single currency is worried about the coronavirus, while the greenback is pending political events on Friday.
US Dollar Index and the main cross-instrument EUR/GBP - H4. Comprehensive analysis of APLs & ZUP traffic options from October 22, 2020
How will the dollar index #USDX and the main cross-instrument EUR/GBP behave in the H4 timeframe? Overview of traffic options from October 22, 2020
October 22, 2020 : EUR/USD Intraday technical analysis and trade recommendations.
The EURUSD pair has failed to maintain sufficient bearish momentum below 1.1750. Instead, another bullish breakout was being demonstrated towards 1.1870.
As mentioned in previous articles, the price zone of 1.1870-1.1900 stands as a solid SUPPLY Zone corresponding to the backside of the broken.
October 22, 2020 : GBP/USD Intraday technical analysis and trade recommendations.
The current price zone of 1.3130-1.3150 (the depicted trend line) remains an Intraday Key-Zone to determine the next destination of the GBPUSD Pair.
Bullish Persistence above the mentioned price zone of 1.3100-1.3150 will probably allow bullish pullback to pursue towards 1.3400 as a final.
October 22, 2020 : EUR/USD daily technical review and trade recommendations.
Currently, the price zone around 1.1880-1.1900 constitutes a KEY Price-Zone as it corresponds to the backside of the depicted broken ascending channel.
The recent Upside breakout above 1.1780 enabled further advancement towards the price levels around 1.1880-1.1900 where bearish pressure and a.
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Good time to shop: stock market may rise in the long run
According to experts, the world's stock markets will show high volatility at least until the end of November this year, despite the fact that the US government will sooner or later sign a bill on new financial incentives in the country.
USDCAD shows bullish divergence
USDCAD recently made a new lower low at 1.3115 and bounced back up from that level to 1.3150-1.3175 where it currently is now. The RSI did not follow the price and did not make a lower low giving us a bullish divergence. This is not a reversal signal but a warning.
Gold price gets rejected at cloud resistance
Gold bulls were unable to break above $1,920 resistance and are now breaking below short-term support. Price got rejected at the cloud resistance we mentioned in our last analysis and Gold price is also breaking below the tenkan-sen and kijun-sen indicators.
EUR/USD: US presidential debate to set trend for US dollar in near future. Rising Covid-19 cases in Europe put pressure on consumer sentiment
The US dollar continues to regain ground against the European currency after investors' optimism faded. Market participants doubt that the fiscal stimulus will be adopted before the US election.
Evening review on EURUSD for October 22, 2020
Long-term unemployment in the U.S. fell to 8.4 million
Euro is falling, but purchases are still relevant
Despite the decline, market players remain confident that the euro's local weakness will not last long. The dollar is still under fundamental pressure.
GBP/USD: plan for the American session on October 22 (analysis of morning deals)
In the morning forecast, I paid attention to the sale of the pound from the level of 1.3143, which happened. Let's take a look at the deals. On the 5-minute chart, the formation of a false breakout at the level of 1.3143 can be seen, which led to the formation of a sell signal for the pound
EUR/USD: plan for the American session on October 21 (analysis of morning deals)
In my morning forecast, I paid attention to sales from the level of 1.1875, however, we did not reach it. However, if you look at the 5-minute chart, you will see that the bears managed to break below the support of 1.1836
Growth in gasoline reserves immediately caused negative trend in the oil market
The price of black gold is again moving in the opposite direction on Thursday morning, which was provided by statistics on the level of raw material reserves in the US. Official data from the Department of Energy rather disappointed market participants, as it reflected an increase in gasoline.
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