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March 22, 2019

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The material has been provided by InstaForex Company - www.instaforex.com

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EUR/USD. February 27. Results of the day. The US national debt is growing at an accelerated pace, but this is unlikely to

4-hour timeframe The amplitude of the last 5 days (high-low): 46p - 46p - 40p - 41p - 58p. Average amplitude for the last 5 days: 46p (51p). On Wednesday, February 27, the EUR/USD currency pair again stands in one place, and overall volatility does not exceed 40 points for the whole day. Well, there are no new data and traders went on vacation again. Yesterday, the pair still showed signs of life due to the speech of Jerome Powell in Congress, which, it cannot be said, gave the markets too much fundamentally new information, but it was still quite an important event. Today, the pair stopped moving up and slipped back into flat. What to do in this situation? Just wait. Wait for new macroeconomic information, wait for new events in the European Union or the United States, new speeches by the leaders of these countries. The main question now is - will there be grounds for continued growth of the European currency? Many experts are now again paying attention to the growth of public deb

The gold is about to drop, 22.04.2019

Gold has been trading downwards in past few sessions. The price tested the level of $1.270.80. According to the H4 time-frame, we found that there is the breakout of the 4-month long head and shoulders pattern in the background, which is sign that downward price is expected. Also, the rounding top formation is in the background together with the complex head and shoulders, which adds even more power on the downside. The key support at the price of $1.281.00 was broken and there is no significant support until $1.211.00 and $1.196.50. Our recommendation: We sold Gold from $1.275.70 and we did put targets at $1.211.00 and $1.196.50. Protective stop is placed at $1.312.00. The material has been provided by InstaForex Company - www.instaforex.com

April 4, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570. The bearish channel's upper limit managed to push price towards 1.1290 then 1.1235 before the EUR/USD pair could come again to meet the channel's upper limit around 1.1420. Shortly after, the recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated on March 7th. Bullish persistence above 1.1270 enhanced further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which failed to provide adequate bearish pressure. On March 18, a bullish breakout attempt was executed above 1.1327 (the upper limit of the Highlighted-zone). This enhanced further bullish movement towards 1.1450 demonstrating a false bullish breakout above the upper limit of the depicted movement channel. On the other hand, On March 22, significant bearish pressure was demonstrated around 1.1380 leading to the current bearish decline towards

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