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EUR/USD: Traders, beware of false breakouts!

December 08, 2023

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Trading tips for gold

December 08, 2023

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EUR/USD: ECB takes the initiative

December 07, 2023

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Isabel Schnabel allows for a rate cut by the ECB in 2024

December 07, 2023

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The British pound shows amazing resilience but is unlikely to withstand pressure

December 06, 2023

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EUR/USD. Analysis for December 6th. European statistics again disappoint

December 06, 2023

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AUD/USD dynamics scenarios on December 5, 2023

December 05, 2023

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Technical Analysis of EUR/USD for December 5, 2023

December 05, 2023

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Are there real chances of a rate hike in the United Kingdom?

December 05, 2023

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December 05, 2023

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Popular Articles

Elliott wave analysis of EUR/JPY for April 25, 2019

EUR/JPY continues to push lower indicating that a more complex wave ii correction is developing. This suggests the more downside pressure towards the support area between 123.85 - 124.05 before the wave ii completes and the wave iii goes up towards at least 132.49. Only a direct breakout above minor resistance at 125.58 will indicate that the wave ii has completed and the wave iii is developing. R3: 126.00 R2: 125.58 R1: 125.25 Pivot: 125.10 S1: 124.80 S2: 124.50 S3: 124.05 Trading recommendation: Our stop at 125.25 has been hit, for a small loss. We will re-buy EUR at 124.05 or upon a breakout above 125.58. The material has been provided by InstaForex Company - www.instaforex.com

Intraday technical levels and trading recommendations for GBP/USD for March 1, 2019

On December 12, the previously-dominating bearish momentum came to an end when the GBP/USD pair visited the price levels of 1.2500 where the backside of the broken daily uptrend was located. Since then, the current bullish swing has been taking place until January 28 when the GBP/USD pair was almost approaching the supply level of 1.3240 where the recent bearish pullback was initiated. Shortly after, the GBP/USD pair lost its bullish persistence above 1.3155. Hence, the short-term scenario turned bearish towards 1.2920 (38.2% Fibonacci) then 1.2820-1.2800 (50% Fibonacci level) within the depicted H4 bearish channel. On February 15, significant bullish recovery was demonstrated around 1.2800-1.2820 (Fibonacci 50% level) resulting in a Bullish Engulfing daily candlestick. This initiated the current bullish breakout above the depicted H4 bearish channel. Quick bullish movement was demonstrated towards 1.3155, 1.3240 and 1.3300. Early signs of bearish reversal/retracement were demons

EUR/USD: upside continuation pattern

The EUR/USD pair continues to move sideways in the short term as the Dollar Index is ranging as well. It's located at 1.0883 at the time of writing and it seems determined to extend its growth. The bias is bullish in the short term, so further growth is favored. Fundamentally, the Eurozone Current Account came in better than expected while Final CPI and Final Core CPI matched expectations. On the other hand, the US Building Permits and Housing Starts came in better than expected but the USD remains bearish after the US reported poor economic data in the last trading session. EUR/USD Range Formation! As you can see on the H1 chart, the currency pair is trapped between the 1.0887 and 1.0831 levels. Escaping from this pattern could bring us new trading opportunities. After the last rally, a retreat was natural, but the last false breakdown with great separation below 1.0831 announced strong upside pressure. The bias remains bullish as long as it stays above the ascending pitch

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