See also
Technical outlook:
The US dollar index broke above 93.12 and rallied through the 93.65 level before pulling back. The index is seen to be trading around the 93.38 level at this point in writing and is expected to continue pushing higher after a shallow pullback. Immediate resistance is seen at 93.90 followed by 94.75, while support is seen around 92.50 followed by 91.75 respectively. A break above the 93.90/94.00 levels would confirm that bulls are back in control and here to stay for longer. The US dollar index seems to be poised to push towards 96.00 in the next several weeks, provided prices stay above a 91.75 low. Also note that US dollar index had bounced off just below the Fibonacci 0.618 retracement of entire rally between 91.75 and 94.75 respectively. Ideally, prices should push through 96.00 and 98.00.
Trading plan:
Remain long, stop @ 91.75, target @ 96.00.
Good luck!
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
The GBP/USD currency pair continued its upward movement on Monday as it did last week. The only difference was the strength of the movement. On Monday, volatility was very high—without
Analysis of Friday's Trades 1H Chart of GBP/USD On Friday, the GBP/USD pair showed extremely low volatility, yet the British pound steadily crept upward even with such market conditions
Analysis of Friday's Trades 1H Chart of EUR/USD The EUR/USD currency pair showed no movement on Friday. It was Good Friday, and Easter Sunday followed. As a result, many countries
The GBP/USD currency pair traded higher again on Friday, albeit with minimal volatility. Despite the lack of important events in the U.S. or the U.K. that day (unlike earlier
Analysis of Thursday's Trades 1H Chart of GBP/USD The GBP/USD pair continued to trade higher throughout Thursday. Even at its peak levels, the British pound shows no intention of correcting
Analysis of Thursday's Trades 1H Chart of EUR/USD The EUR/USD currency pair continued trading within a sideways channel on Thursday, as shown on the hourly timeframe chart above. The current
Ferrari F8 TRIBUTO
from InstaTrade
InstaTrade in figures
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.