Growing investments in crypto assets, but Bitcoin is in between two directions
Growing investments in crypto assets, but Bitcoin is in between two directions
Bitcoin has stabilized after the collapse and so, there is a slight sideways trend on the chart. Meanwhile, investments in crypto assets are growing
Forex Analysis & Reviews
Gold remains in short-term bullish trend
Gold price continues to trade above $1,770 and inside a bullish channel. Short-term trend remains bullish and our next target is at $1,806. Gold price might make another pull back towards $1,760 before resuming the uptrend.
Ichimoku cloud continues to support Bitcoin
Bitcoin touched the upper cloud boundary for the third straight day and did not break down. Price today reached $53,370 but is now once again above $56k. The Ichimoku cloud provides confirmed support and as long as we trade above it, we remain bullish.
CAD/JPY and the sell signal from 86.70.
In a previous analysis on CAD/JPY we noted that price was inside a bullish channel. A break out of the bullish channel would be a bearish signal with a pull back target towards 84.20. Price has broken out of the bullish channel and after a back test rejection, has now reached 85.70.
Analytics and trading signals for beginners. How to trade GBP/USD on April 21. Analysis of Tuesday trades. Getting ready for Wednesday session.
After two consecutive days of good profit and clear signals, it is now the time for a correction and decreased volatility.
Analytics and trading signals for beginners. How to trade EUR/USD on April 21? Analysis of Tuesday. Getting ready for Wednesday
An empty calendar of macroeconomic events for the second consecutive day, but this time the markets were trading completely different in nature.
April 20, 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 & 1.1990. Both levels failed to provide sufficient bearish pressure.
Email Subscription
Do you want to receive Forex analytics newsletter to your email?
Subscribe to analytics newsletter and get fresh daily reviews prepared by InstaForex professional analysts. You can choose which type of analysis and from what analysts you wish to recieve to your email address daily. Be on top of the Forex market events with InstaForex!
EUR/USD. When everything is against you: dollar slumps following treasury yields
The US dollar index is falling following the 10-year Treasury yield. The dollar has lost its trump cards: almost all fundamental factors, even of a positive nature, are either ignored by the market or interpreted against the greenback.
April 20, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
Around 1.1690, a high probability bullish trade could be taken, a bullish pullback has been initiated since then.
This recent bullish pullback towards the price zone of 1880 failed to find sufficient SELLERS. That's why, more bullish advancement was demonstrated towards 1.2050.
April 20, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Bearish breakout below 1.3600 was needed to enhance further bearish decline towards 1.3500 and probably 1.3400.
However, the GBPUSD pair was trapped above the ascending trend (1.3670) and below the key-level around 1.3850 until a bullish breakout above 1.3945 took place Yesterday.
BITCOIN: Yellen to deal with Bitcoin and cryptocurrency regulation. China loses grip, and Facebook to launch Diem stablecoin
Treasury Secretary Janet Yellen and her deputy Wally Adeyemo will lead the drafting of new laws that will focus on crypto infrastructure and taxation.
Analysis of quotes for major cryptocurrencies on April 20, 2021
The cryptocurrency market is experiencing the most powerful downturn in the second quarter of 2021, which started quite optimistically. Fixed assets continue to rapidly fall in price, and the total market capitalization sank by 2.7% in just 24 hours.
Trading Signal for Ripple XRP, for April 20 - 21, 2021: Buy above $1.1720
However, this will give us an opportunity to buy low and take a good position for the new wave that could take Ripple to the $ 2.50 level in the coming months.
BTC/USD. How long will the bearish trend last?
After the remarkable listing of Coinbase shares on the NASDAQ platform, the cryptocurrency was covered by a wave of correction. The negative news background worsened the situation and provoked a reduction in the capitalization of the crypto asset market by 6.2% over the past day alone.
Trading Signal for Dow Jones #INDU for April 20 - 21, 2021: Sell Below 33,950
On the technical level we note that the Dow Jones, in 1-hour charts is trading below the SMA of 21 and below the strong resistance of 34.137, at this level the #INDU has...
What will help euro extend rally amid overbought conditions? Short-term traders are set for a pullback in the euro and pound
Short-term speculators consider the current surge in the single currency only as a correction from the decline from January to March. If you look at the situation more broadly, you can see another essence of the picture.
Prikaži više
Predstavljamo Vam svakodnevno ažuriranu sekciju analiza, koja se sprovodi od strane profesionalnih analitičara kompanije InstaForex. Svaki od stručnjaka koji su predstavljeni u ovom odeljku, vrši analitička istraživanja u skladu sa svojom vizijom trenutne situacije na međunarodnom Forex tržištu. Međutim, sve predstavljeno u opisu nije direktna preporuka ili razlog za akciju, jer ona sadrži isključivo analizu trenutne situacije na valutnom tržištu. U određenim slučajevima mišljenja analitičara o promenama trenutne tržišne situacije se mogu razlikovati, ovim putem, preporučujemo Vam da pratite publikacije samo jednog analitičara, koji je po Vašem mišljenju najjasniji i pravilno ocenjuje situaciju na međunarodnom Forex tržištu.
