EUR/USD: Why did Trump fail in his attempt at uprising?
EUR/USD: Why did Trump fail in his attempt at uprising?
Donald Trump will be memorable for Americans and the whole world as the most bizarre president for a few decades. Trump has lost his authority and support from people.
Forex Analysis & Reviews
EURUSD continues lower closer towards our target of 1.2050
We have warned bulls after the break of the bullish channel that was combined with a bearish RSI divergence. Since then we were talking about a pull back towards at least the 38% Fibonacci retracement level.
Gold price breaks below the Kumo (cloud) support
Gold price is trading below $1,840. Gold price is breaking out and below the Daily Kumo and this is a bearish sign. The end of the week finds Gold price near its lowest levels and this is not a good sign for next week.
Bullish wedge pattern about to break in USDCAD
USDCAD remains in a bearish trend making lower lows and lower highs. However we need to warn bears that all this could soon end and we might see a strong upward reversal. We observe two important signs that must not be ignored.
EUR/USD: Dollar may slowly regain losses as Biden promises to flood economy with money
Investors seem to have put the USD bearish trend on pause. The greenback is showing its biggest weekly gain since November last year, and its recent recovery from three-year lows calls into question the prospects of its weakening in 2021.
January 15, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
Conservative traders were advised to look either for SELL Positions around the previous price levels at 1.2330 (150% Fibonacci Level) in the previous article.
Currently, Bearish closure and persistence below 1.2160 then 1.2000 is needed to abort the ongoing bullish momentum to pursue bearish.
January 15, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Another temporary bullish movement is being expressed to test the previous WEEKLY High around 1.3700 and probably towards 1.3770 where bearish rejection and a possible SELL Entry are suggested.
January 15, 2021 : EUR/USD daily technical review and trade recommendations.
Bearish closure below the mentioned price zone of 1.2250 - 1.2200 enabled a quick bearish decline towards 1.2170 then 1.2150 which correspond to a previous congestion zone as well as a prominent key-zone.
Dollar rebound may not be stopped
Traders who took many short dollar positions late last year are now biting their elbows. As capital inflows to the United States increase, the demand for the US dollar may grow. The dollar will be bought on recovery, as it was bought last year in panic due to the pandemic.
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BTC analysis for January 15,.2021 - Downside movemetn on the way with the objectives at $33.000 and $28.500
Watch for selling opportunities...
Trading Signal for GBP/USD for January 15, 2021: Triple Top
On the 4-hour chart if you observe, the GBP / USD pair has formed a triple top, this technical pattern is a sign that the pair in the medium term, could have a deeper decline to the levels of the 200 EMA. around 1.3427.
Trading Signal for EUR/USD for January 15, 2021: Key level 1.2150
The EUR / USD pair this morning of the American session is trading in 4-hour charts below the 200 EMA and below the 21 SMA, with strong downward pressure, since it is now located below these levels, we expect the decline to continue to the 1.2055 support.
GBP/USD: plan for the US session on January 15 (analysis of morning trades)
Today's reports on the fall in UK GDP in November this year and the reduction in industrial production are only the beginning of the picture that will show the real state of the economy at the end of 2020. In my forecast for the first half of the day, I paid attention to the level of 1.3661
European indices decline due to new fears of lockdowns
European stocks tumbled on Friday amid fears of tightening lockdowns in Germany and France, as well as new restrictions in China.
Trading plan for EURUSD for January 15, 2021
EURUSD dropped to fresh lows at 1.2111 yesterday, before finding support again and managed to pullback sharply towards 1.2175 levels in the next few hours. The single currency pair is seen to be trading around 1.2133
US stock indices closed lower amid statistics and incentives expectations
The main US indicators did not lose their hopes in anticipation of the report on the stimulus' volume for the economy throughout Thursday's trading session. However, it began to decline just before the session closed, either due to fatigue and pessimistic mood. What could be the actual reason for.
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We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.
