Tag Archives: MT5

*Little Improvement In Education Levels Despite Increased Spending: OECD Survey

Little Improvement In Education Levels Despite Increased Spending: OECD Survey The material has been provided by InstaForex Company – www.instaforex.com…

*WHO: Climate Risks To Human Health Growing, But Prioritized Funding Lacking

WHO: Climate Risks To Human Health Growing, But Prioritized Funding Lacking The material has been provided by InstaForex Company – www.instaforex.com…

Brazil Economic Growth Improves In Q3

Brazil’s economy expanded at a faster pace in the third quarter, data from the statistical office IBGE showed on Tuesday. Gross domestic product grew 1.2 percent on a yearly basis, after rising 1 percent in the second quarter. The accumulated GDP for the last four quarters also grew 1 percent, after rising 1.1 percent a quarter ago. Quarter-on-quarter, economic growth improved to 0.6 percent from 0.5 percent. The growth was driven by a 1.3 percent rise in agriculture, 0.8 percent rise in industry and 0.4 percent expansion in services. The material has been provided by InstaForex Company – www.instaforex.com…

USDJPY bearish pattern is being activated

In our previous posts I mentioned that USDJPY price has formed a bearish wedge pattern. We also noted that resistance is at 109.60-110.30 area, where price got rejected yesterday. Now price is moving below and out of the wedge pattern. This is a sign of weakness.Red lines – wedge patternBlack line – bearish divergenceUSDJPY is breaking support at the lower wedge boundary. Next support is at 108.20-108.30. If price breaks below 108.20-108.30 then we have confirmation of the wedge break down. Resistance remains at 109.90 now while longer-term resistance is at the 110.30 level. The sequence of higher highs and higher lows remains intact, as long as price is above 108.20. If this sequence gets canceled then we have confirmation of the break down and we should expect price to at least move towards 106.55.The material has been provided by InstaForex Company – www.instaforex.com…

BTC 12.03.2019 – Broken bearish flag in the overall downward trend

BTC has been trading sideways at the price of $7.292. The overall trend is still bearish and my advice is still to watch for selling opportunities. Downward targets are set at the price of $6.846 and $6.560.Ichimoku Indicator analysis:There is Kijun-Tenkan bear cross on the 4H time-frame, which is good indication for the further downside. I would watch for potential breakout of mini-support at the price of $7.200 to confirm downside continuiation and eventual test of $6.546 and $6.560.Resistance levels are seen at the price of $7.350 and $7.667.The material has been provided by InstaForex Company – www.instaforex.com…

GBP/USD: plan for the US session on December 3. Pound expected continued growth

To open long positions on GBPUSD, you need:Even in my morning review, I paid attention to the probability of breaking the resistance of 1.2949, which led to such powerful upward momentum. Now, buyers of the pound are trying to gain a foothold above the level of 1.2983, which the bears ignored and decided to concede. The main calculation is for a new maximum of 1.3017, where I recommend fixing the profits. If the pressure on the pound returns in the afternoon, you can expect to buy from the same level of 1.2949. The absence of important fundamental statistics for the US can play into the hands of buyers of the pound, so we cannot exclude the breakout of the maximum of 1.3017, which will lead GBP/USD to the resistance area of 1.3074.To open short positions on GBPUSD, you need:Sellers are in no hurry to return to the market after the demolition of several stop orders. Therefore, it is best to focus on the resistance of 1.3017, the formation of a false breakout on which will be a signal to sell the pound. Otherwise, it is best to sell GBP/USD on a rebound from 1.3074. The more important task of the bears…

*Amended: Swiss Nov CPI Inflation -0.1% Vs. -0.3% In Oct, Consensus -0.1%

Amended: Swiss Nov CPI Inflation -0.1% Vs. -0.3% In Oct, Consensus -0.1% The material has been provided by InstaForex Company – www.instaforex.com…

EUR/USD. December 3. Market focus on Christine Lagarde’s “fundamental valuation” and Donald Trump’s duties

EUR/USD – 4H.

On December 3, the EUR/USD pair performed consolidation over the correction levels of 38.2% (1.1057) and 23.6% (1.1029) on the new grid of Fibo levels and performed an increase to the Fibo level of 50.0% (1.1080). Also, the closure was performed over the downward trend corridor, which is no longer working. Based on this, I expect the euro-dollar pair to continue to grow in the coming days, although there are also enough factors in favor of the opposite scenario. For the most part, they are economic. At the same time, it is impossible to deny the ability of the euro currency to grow by 100-200 points.
Yesterday had quite a rich background of information. Two key events of the day could and caused a change in the balance of supply and demand for the EUR/USD currency pair. Demand for the euro has grown thanks to the actions of Donald Trump, as well as economic reports on business activity in the European Union and America. It is easy to guess that these events were negative for the US dollar, although the actions of the US president can be interpreted in different ways. I would like to note at once that earlier…