Based on the daily chart of the exotic currency pair USD/IDR, there is potential for correction of the weakening of the United States Dollar against the Garuda currency (Rupiah) as indicated by the appearance of the Ascending Broadening Wedge pattern and deviations between price movements on the chart and the Stochastic Oscillator indicator so that…
With the appearance of Descending Broadening Wedge pattern on the 4 hour chart, Crude Oil commodity asset gives the clue that in the near future #CL has the potential to have a strengthening correction upward, as long as there is no continuing weakness which is down below the level 80,29, then #CL has the potential…
On Friday, the EUR/USD pair rebounded from the corrective level at 127.2%-1.0619, favoring the European currency and initiating a new upward movement towards the Fibonacci level of 100.0% at 1.0696. Looking closely, throughout last week, traders were engaged in a tug-of-war between the levels of 1.0619 and 1.0696. Thus, at the moment, we observe a…
In my morning forecast, I paid attention to the 1.2340 level and planned to make decisions on entering the market from it. Let’s look at the 5-minute chart and figure out what happened there. The 1.2340 breakout occurred without a reverse test, so I was unable to get a suitable entry point into short positions…
Analysis of Deals and Trading Advice on the European Currency The test of the price at 1.0660 in the first half of the day occurred when the MACD indicator started moving down from the zero mark, confirming the sell signal for the euro. As a result, the pair dropped by more than 20 points, constituting…
Analysis of Trades and Trading Advice on the British Pound The test of the price at 1.2371 in the first half coincided with the moment when the MACD indicator started moving down from the zero mark, confirming the correct entry point for selling the pound further along the downtrend, which resumed at the end of…
In my morning forecast, I drew attention to the level of 1.0645 and planned to make decisions regarding market entry based on it. Let’s look at the 5-minute chart and figure out what happened there. There was a decline, but a false breakout did not occur because the pair didn’t test this level by a…
Overview of trading and tips on EUR/USD The price test of 1.0664 in the afternoon occurred at a time when the MACD indicator was just starting to move up from the zero mark, which confirmed the correct entry point to buy the euro. As a result, the pair rose by more than 25 pips, and…
On the hourly chart, the GBP/USD pair on Friday rebounded from the corrective level of 50% (1.2464), favoring the American currency and falling towards the support zone at 1.2363–1.2370. A rebound of quotes from this zone will favor the British pound and some growth towards 1.2464. Consolidation of quotes below the zone of 1.2363–1.2370 increases…
Potential for the further drop on NAS100 The material has been provided by InstaForex Company – www.instaforex.com