EUR/USD: Dollar rallies
Dollar rallies after a sharp decline amid various problems in the United States.
GBP/USD: plan for the American session on August 4
The lack of fundamental statistics and confidence of buyers again led to the formation of a sell signal for the British pound in the first half of the day from the level of 1.3100. An unsuccessful attempt to break above this range formed a good entry point into short positions. The bears fully.
EUR/USD: plan for the American session on August 4
In the morning forecast, I paid attention to the option of breaking through the level of 1.1777 and buying the euro above this range. There was even a good signal for entering long positions, but so far, no larger upward movement has occurred. Bears gave buyers a chance to feel the resistance of.
GOLD Buyers In Control!
Gold is trading at $1,976 and is expected to jump higher in the upcoming period.
GBP/USD Sellers Already Exhausted!
Buy from above the 250% Fibonacci line!
AUDJPY looking for short term pullback to trendline!
Price testing key Fibonacci resistance and 1st resistance at 75.675. A short term pull back towards ascending trendline support and 1st support at 75.329 is expected. Stochastics is testing resistance where price reacted in the past as well.
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USDCAD approaching support, possible bounce !
Price is facing bullish pressure from our first support, in line with our 61.8% fibonacci retracement, and horizontal overlap support, where we could see a bounce towards 1st resistance where the horizontal swing high is.
USDCAD approaching support, possible bounce !
Price is facing bullish pressure from our first support, in line with our 61.8% fibonacci retracement, and horizontal overlap support, where we could see a bounce towards 1st resistance where the horizontal swing high is.
USDJPY facing bearish pressure from resistance, potential reversal
Price is facing bearish pressure from our first resistance, in line with our horizontal pullback resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension where we could see a reversal below this level to our first support level. Stochastic is approaching our resistance as well where we.
Technical analysis recommendations for EUR/USD and GBP/USD on August 4
Yesterday, the pair executed a downward correction to the daily short-term trend. Now, the daily Tenkan is joining forces with the levels passed and tested the day before.
Trading plan for EUR/USD on August 4, 2020. Drop in COVID-19 incidence: Is the second wave receding?
The euro is consolidating.
Trading recommendations for the GBP/USD pair on August 4
When to expect a correction and what we are dealing with now? You will find the answer to this and all the details inside the article.
End of negotiations in the US Congress on a new stimulus package will shake up the markets; Overview of USD, NZD, and AUD
The higher-than-forecast pace of recovery in manufacturing activity in Europe and the US supports the positive at the beginning of the week. The final PMI in the Euro zone reached 51.8, improving the preliminary data
EUR/USD and AUD/USD: Deteriorating relations between the US and China. Euro bulls are actively defending positions. The RBA has adopted a wait and see attitude that will continue for the next few years.
The continuation of an upward trend in risk assets remains unclear, as last month there was a surge in volatility in favor of the US dollar.
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