AUD/USD Approaching Support, Prepare For A Bounce!

AUD/USD is approaching its support at 0.7366 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce and rise to its resistance at 0.7413 (61.8% Fibonacci extension, 61.8% Fibonacci retra…

EUR/USD Approaching Support, Prepare For A Bounce!

EURUSD is approaching its support at 1.1635 (61.8% Fibonacci extension, 61.8% Fibonacci retracement x2, horizontal swing low support) where it could rise to its resistance at 1.1745 (76.4% Fibonacci retracement, horizontal swing high resistance). Stoch…

Technical analysis of AUD/USD for July 18, 2018

Overview: In the long term, the major resistance is seen at the level of 0.7474. The AUD/USD pair fell from the level of 0.7474 towards 0.7348. But, the price rebounded from the bottom of 0.7348 to trade around the spot of 0.7474 again. The resistanc…

Technical analysis of USD/CAD for July 18, 2018

Overview: The USD/CAD pair will probbaly continue to rise from the level of 1.3139 in the long term. It should be noted that the support is established at the level of 1.3139 which represents the 61.8% Fibonacci retracement level on the H4 chart. The…

Bitcoin analysis for July 18, 2018

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Trading recommendations: Recently, Bitcoin has been trading upwards. As I expected, the price tested the level of $7.509. According to the H1 time – frame, I found strong demand (upward momentum) on the market and potential running flat correction, which is a sign of strength. My advice is to watch for potential buying opportunities. The upward target and key resistance is set at the price of $7.731.

$7.509 – Intraday resistance; $7.233 – Intraday support; $7.731 – Objective target;

With InstaForex, you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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Control zones of GBP / JPY as of July 18, 2018

July’s growth is a strong medium-term impulse, which allows you to look for purchases in any downward movement that does not exceed the corrective control zone. This week, a local accumulation zone is being formed.Since the beginning of this week, a do…

Fractal analysis of GOLD on July 18

Forecast for July 18:Analytical review on the scale of H1:For Gold, the key levels on the scale of H1 are: 1245.49, 1239.59, 1235.48, 1231.68, 1225.90, 1220.41, 1216.18 and 1208.01. Here we follow the downward structure of July 9th. Continued downward …

USD/CAD analysis for July 18, 2018

Recently, USD/CAD has been trading upwards. The price tested the level of 1.3250. According to the H4 time – frame, I found a potential end of the bearish corrctive phase (flat abc), which is a sign that selling looks risky. MACD oscillator is rising a…

GBP/USD analysis for July 18, 2018

Recently, GBP/USD has been trading downwards. The price tested the level of 1.3009. According to the H1 time – frame, I found strong supply on the market. My advice is to watch for selling opportunities on the rallies. Watch for a potential bearish fla…

Global macro overview for 18/07/2018

XAUUSD quotes marked a 1.0% sell-off on and were at the lowest level for a year. The reasons behind this drop were found in the strengthening of the US Dollar and the speech of the chairman of the Federal Reserve.Testifying before the Senate Committee,…

Global macro overview for 18/07/2018

XAUUSD quotes marked a 1.0% sell-off on and were at the lowest level for a year. The reasons behind this drop were found in the strengthening of the US Dollar and the speech of the chairman of the Federal Reserve.Testifying before the Senate Committee,…

Review of EUR / USD pair as of July 18, 2013

The dollar continued its growth, and the first push gave data on the labor market in the UK, which, frankly, were extremely weak. So the pound, through the dollar index, pulled along a single European currency. But it did not stop there, and the dollar…

Global macro overview for 18/07/2018

Yesterday’s session in Europe was better than expected at the beginning of the day. Admittedly, the indexes opened on small cons, but in the last two hours, they started a systematic upward move, which allowed DAX to close 0.8% more than yesterday. The…