Tag Archives: Forex Indicies

February 25, 2020 : EUR/USD Intraday technical analysis and trade recommendations.

On December 30, a bearish ABC reversal pattern was initiated around 1.1235 (Previous Key-zone) just before another bearish movement could take place towards 1.1100 (In the meanwhile, the EURUSD pair was losing much of its bearish momentum).One more bullish pullback was executed towards 1.1175 where the depicted key-zone as well as the recently-broken uptrend were located. That’s why, quick bearish decline was executed towards 1.1100 then 1.1035 which failed to provide enough bullish SUPPORT for the EURUSD pair.Further bearish decline took place towards 1.1000 where the pair looked quite oversold around the lower limit of the depicted bearish channel where significant bullish rejection was able to push the pair back towards the nearest SUPPLY levels around 1.1080-1.1100 (confluence of supply levels (including the upper limit of the channel).Since then, the pair has been down-trending within the depicted bearish channel until last week when bearish decline went further below 1.0950 and 1.0910 (Fibonacci Expansion levels 78.6% and 100%) establishing a new low around 1.0790.Currently, the EUR/USD pair looks quite oversold after such a long bearish decline and if bullish recovery is expressed above 1.0845-1.0860, further bullish advancement would be expected towards 1.0910 then 1.0950.Intraday traders were advised to look for signs of…

*Germany Q4 Exports -0.2% On Quarter, Imports +1.3%

Germany Q4 Exports -0.2% On Quarter, Imports +1.3% The material has been provided by InstaForex Company – www.instaforex.com…

GBP/USD: plan for the European session on February 25. Buyers of the pound are counting on good news on trade negotiations

To open long positions on GBPUSD, you need:
On Monday morning, the British pound fell. However, the bulls quickly took control of the market, forming the lower border of the ascending channel already in the North American session, which I drew attention to in my review yesterday. While trading is above the intermediate support of 1.2933, which acts as the middle of the wide side channel of 1.2890-1.2980, we can expect the pound to return to the maximum of last week in the area of 1.2978 and its update, which will lead to a test of the area of 1.3020, where I recommend taking the profits. Without such a scenario, talking about the long-term advantage of buyers will not be entirely true, especially since the beginning of trade negotiations between the UK and the EU promises to be very problematic. If the bulls do not cope with this task, most likely, the pressure on the pound will return. So, it is best to open new long positions after forming a false breakdown in the support area of 1.2889 or immediately on a rebound from the minimum of 1.2851.
To open short positions on GBPUSD, you need:
The sellers of the pound will try to…

*Japan Producer Prices +2.3% On Year In January

Japan Producer Prices +2.3% On Year In January The material has been provided by InstaForex Company – www.instaforex.com…

Trader on Chart app

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Cara Bermain Forex dan Menggunakan Metatrader 4 Android | Belajar Forex untuk pemula

Bagi pemula saya sudah menyediakan bagaimana cara belajar forex untuk bener bener pemula, silahkan liat video saya sebelum nya. Jangan lupa subscribe +like dan komentar Jangan lupa kunjungi www.forexbatam.com

Technical analysis on Gold for February 25, 2020

Gold price is pulling back after making a spike higher in early trading this morning at $1,689. The Daily candlestick is a bearish reversal one as the long upper tail with a hammer formation does not leave us with the confidence that a new high is coming soon.Red lines – bullish channelGreen line – bearish divergenceGold price is making new highs not followed by the RSI. The RSI is making lower highs in what we call a bearish divergence. This is an important warning. Not a reversal signal, but just a warning. Gold price has recently moved higher in a parabolic way, so it is normal to see big fluctuations and big drops as volatility rises. Weekly support is found at $1,600-$1,620 and we could see a pull back towards that area before we resume the up trend to $1,700.The material has been provided by InstaForex Company – www.instaforex.com…

February 24, 2020 : EUR/USD Intraday technical analysis and trade recommendations.

On December 30, a bearish ABC reversal pattern was initiated around 1.1235 (Previous Key-zone) just before another bearish movement could take place towards 1.1100 (In the meanwhile, the EURUSD pair was losing much of its bearish momentum).One more bullish pullback was executed towards 1.1175 where the depicted key-zone as well as the recently-broken uptrend were located. That’s why, quick bearish decline was executed towards 1.1100 then 1.1035 which failed to provide enough bullish SUPPORT for the EURUSD pair.Further bearish decline took place towards 1.1000 where the pair looked quite oversold around the lower limit of the depicted bearish channel where significant bullish rejection was able to push the pair back towards the nearest SUPPLY levels around 1.1080-1.1100 (confluence of supply levels (including the upper limit of the channel).Since then, the pair has been down-trending within the depicted bearish channel until last week when bearish decline went further below 1.0950 and 1.0910 (Fibonacci Expansion levels 78.6% and 100%) establishing a new low around 1.0790.Currently, the EUR/USD pair looks quite oversold after such a long bearish decline and if bullish recovery is expressed above 1.0845-1.0860, further bullish advancement would be expected towards 1.0910 then 1.0950.Intraday traders were advised to look for signs of…

Slovenia Output Prices Inflation Slows For Third Month

Slovenia’s output price inflation eased for the third month in a row in January, figures from the Statistical Office of the Republic of Slovenia showed on Monday. Output prices rose 0.3 percent year-on-year in January, after a 0.6 percent increase in December. Energy industry prices grew 11.4 percent annually in January, while those in the production of capital goods fell 1.1 percent. Producer prices for electricity and water supply rose by 15.2 percent and 8.5 percent, respectively. Manufacturing prices decreased 0.3 percent. On a month-on-month basis, output prices remained unchanged in January, after a 0.2 percent in the preceding month. The material has been provided by InstaForex Company – www.instaforex.com…

German Business Confidence Improves Slightly

Germany’s business confidence improved marginally in February despite fears about the coronavirus outbreak, survey data from the ifo institute showed Monday. The business climate index rose to 96.1 in February from a revised 96.0 in January. The score was expected to fall to 95.3 from January’s initial estimate of 95.9. The German economy seems unaffected by developments surrounding the coronavirus, ifo President Clemens Fuest said. The survey results and other indicators suggest economic growth in the first quarter will amount to 0.2 percent, he added. Although companies assessed their current situation as a little worse, they are less pessimistic about the next six months, the ifo survey showed. The current conditions index came in at 98.9 versus 99.2 a month ago. This was above the forecast of 98.6. Meanwhile, the expectations index rose to 93.4 from 92.9. The expected reading was 92.1. In manufacturing, the business confidence strengthened for the third consecutive month. This was due to considerably less pessimistic expectations. However, companies’ assessment of their current situation was worse. Confidence among service providers fell again and they were somewhat less satisfied with their current situation and were more skeptical concerning the coming months. In trade, the business climate…