EUR/USD and GBP/USD: Euro and pound to decline, mainly due to the expected good report on US inflation
Euro fails to rise against the US dollar yesterday.
USDCAD looking for short term drop below trendline!
Description :
Price is facing bullish pressure from our 1st support, in line with our horizontal swing low, in line with our 50% fib retracement, where we could see a further bounce towards our 1st resistance . Ichimoku is also indicating more bullishness.
Trading Recommendation
Entry:.
Technical analysis recommendations for EUR/USD and GBP/USD on August 12
Yesterday, the pair tested the resistance of 1.1806-13 (daily Tenkan + level of 100% working off the weekly target) and returned to the zone of attraction at 1.1740 (lower border of the monthly cloud). The movement had no...
AUDJPY bouncing from 1st support, further bounce forecasted!
Description :
Price is facing bullish pressure from our 1st support, in line with our horizontal swing low, in line with our 50% fib retracement, where we could see a further bounce towards our 1st resistance . Ichimoku is also indicating more bullishness.
Trading Recommendation
Entry:.
GBPCAD is facing bearish pressure from our resistance, potential for further drop
Price is facing bearish pressure from our first resistance in line with descending trend line, horizontal overlap resistance, 61.8% fibonacci retracement and 61.8% fibonacci extension where we could see a reversal below this level.
Trading Recommendation
Entry: 1.74448
Reason for Entry:.
GBP/USD. Growth of the British economy: traders took a cool view of the "hot" numbers
The pound received support from the British macroeconomic reports today. Buyers of the GBP/USD pair got a reason to open long positions, but so far, they are not in a hurry to use this reason
Trading plan for EUR/USD on August 12, 2020. COVID-19: some lull in the second wave
Coronavirus pandemic stops at high levels. Meanwhile, the euro is under consolidation in the market.
EUR/USD. August 12. COT report. The first coronavirus vaccine has been registered in Russia. America and EU countries criticize it
The coronavirus is again gaining momentum around the world. The number of new cases is increasing. The world's first vaccine may not be safe
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GBP/USD. August 12. COT report. UK GDP shrank by 20.4% in the second quarter. Sellers can continue to get rid of the pound
The UK GDP report showed the strongest drop among all the countries of the European Union. The British pound is unlikely to be in demand after such data
Trading idea for Litecoin
Results of the trading idea last August 4
GBP/USD: plan for the European session on August 12. COT reports (analyzing yesterday). Pound pressure will sharply increase after breaking strong support at 1.3020
Commitment of Traders (COT) reports. Pressure on the pound will significantly increase after the breakout of the strong support at 1.3020. The pound remains under pressure, as evidenced by the lack of reaction to the good report on GDP growth
EUR/USD: plan for the European session on August 12. COT reports (analyzing yesterday). Pressure on the euro will continue. All eyes on US inflation data
Commitment of Traders (COT) reports. The pressure on the euro will continue. The European currency continued its downward correction against the US dollar after yesterday's reports on US producer prices
Trading recommendations for the EUR/USD pair on August 12
Sideways movement can serve as a stimulus for new price surges. All details and trading recommendations can be found inside the article
Pound: the main thing is not to hurt yourself on the negative rate
The British currency was again at the epicenter of passions around the possible introduction of a negative rate. On this issue, the British authorities are in a state of "both wanting and pricking": On the one hand, they expect to improve the state of the national economy after this decision is.
Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on August 12
Strong report on industrial production in the euro area may raise the euro in the first half of the day. Meanwhile, pound ignores the latest economic recovery report.
Analysis and trading ideas for NZD/USD on August 12, 2020
RBNZ Governor Adrian Orr said global uncertainties caused by the coronavirus pandemic and, as a result, the decline in economic activity in the country
Simplified wave analysis and forecast of GBP/USD and AUD/USD on August 12
Trading the pound in the market today is possible within the intraday. There are no conditions for sales. After the corresponding signals appear, it is recommended to open long positions
Analysis and forecast for EUR/USD on August 12, 2020
Technical factors have not been canceled, and they were decisive in yesterday's trading on EUR/USD
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