Analysis of Trades and Trading Tips for the European Currency The test of the price at 1.0624 occurred when the MACD indicator had risen quite a bit from the zero level, which, in my opinion, limited the pair’s upward potential. For this reason, I did not buy the euro. However, strong GDP data from France […]
EURCHF continues to edge aggressively higher It tests the support set by a long-term descending trendline Momentum indicators point to further upside EURCHF is edging higher again today, continuing on the strong uptrend that commenced after the pair registered its lowest level since September 26, 2022. EURCHF is actually recording six consecutive green candles for […]
In my morning forecast, I pointed out the level of 1.2172 and recommended using it as a reference for market entry decisions. Let’s take a look at the 5-minute chart and analyze what happened there. The rise and formation of a false breakout at this level provided an excellent entry point for short positions, but […]
In my morning forecast, I emphasized the level of 1.0611 and recommended making entry decisions based on it. Let’s take a look at the 5-minute chart and analyze what happened there. The rise and formation of a false breakout around 1.0611 led to a sell signal, but the downward movement never occurred. As a result, […]
On Monday, the EUR/USD pair rebounded from the level of 1.0561, reversed in favor of the European currency, and resumed its upward movement towards the corrective level of 23.6% (.0644). A rebound from this level would work in favor of the US dollar and lead to a resumption of the decline towards 1.0561. Closing quotes […]
On the hourly chart, the GBP/USD pair rebounded from the level of 1.2106 on Monday and rose to the level of 1.2175, from which there was also a rebound. However, at the moment, the pair has returned to the level of 1.2175. A new rebound from this level will work in favor of the American […]
Potential breakout on the BTCUSD The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Video market update for April 05, 2024 April 7, 2024 Potential for the further drop on NAS100 ….The material has…Can Q1 earnings season refuel the equity market rally? –… April 7, 2024 Earnings parade unofficially starts on April 12 with […]
EURGBP moves further away from the upper end of a prior range Both the MACD and the RSI indicate positive momentum These signs paint a cautiously positive short-term picture EURGBP bulls have gained the upper hand this week, distancing themselves from the key barrier of 0.8700, fractionally above which the pair has been oscillating since […]
Technical analysis: BTC/USD has been trading sideways (rectangle pattern in creation) at the price of $34.400 and there is potential for the breakout mode in the next period. In case of the upside breakout of the resistance at $35.200, there is the chance for the further growth towards $37.000 adn $38.000 In case of the […]
GBP/USD Downside Could Be Over! The GBP/USD pair is trading somehow sideways in the short term and it seems undecided. It’s located at 1.2181 at the time of writing. As you can see on the h1 chart, the rate dropped as much as 1.2056 where it has found strong demand. Technically, the downtrend line represents […]
Technical analysis: GBP/USD has been trading sideways (symmetrical triangle pattern in creation) at the price of 1.2185 and there is potential for the breakout mode in the next period. In case of the upside breakout fo the resistance at 1.2450, there is the chance for the rally towards the 1.2460 In case of the downside […]
Analysis of transactions and tips for trading the Japanese yen Today, the Bank of Japan has decided to keep its current monetary policy unchanged, which has led to the expected weakening of the Japanese yen and another upward surge in the USD/JPY pair. The regulator’s current policy is aimed at stimulating economic growth, and rising […]
Technical analysis: Gold has been trading sideways at the price of $1.997 and there is potential for the re-test of the high or breakout of the rising trend-line. In case of the rejection of the support at $1.990, there is the potential for the rally towards $2.010 In case of the breakout of the rising […]
Bank of Japan adjusts yield curve control policy again, but yen skids Yields edge lower after Treasury Department says will borrow less in Q2 Dollar mixed, euro extends gains, stocks perk up Yen not impressed by BoJ’s incremental move The Bank of Japan took another step towards policy normalization on Tuesday, tweaking its yield curve […]
The Bank of England meets as geopolitical developments affect market sentiment Another pause is priced in but Wednesday’s Fed gathering could unsettle expectations The statement is set for Thursday 12:00 GMT; press conference 30 minutes later Calendar also includes the final Manufacturing and Services PMI prints Data since September have been on the weak side With […]
The currency pair GBP/USD also showed a slight increase on Monday, which had absolutely no impact. Movements remain quite weak, and the price couldn’t even hold above the moving average. The British pound also continues to make attempts at a slight upward correction, but it’s evident that any northward movement is happening with great effort. […]
The currency pair EUR/USD started the week with renewed strength on Monday. This statement would be accurate if the volatility did not once again show a rather average value and the price hadn’t been fluctuating for several weeks. We have repeatedly mentioned recently that we are expecting a stronger correction from the European currency, and […]
According to the World Bank’s commodities review, geopolitical instability, as usual, has influenced the gold market: demand for safe-haven assets can lead to even higher prices, as any potential escalation in the conflict between Israel and Hamas will create further chaos in the Middle East. On Monday, the International Monetary Fund published a forecast for […]
GBPUSD stuck in a range after steep decline pauses Creates a pennant pattern, hinting at potential breakout Oscillators suggest that positive momentum is slowly picking up GBPUSD had been forming a profound structure of lower highs and lower lows since its 18-month peak of 1.3141. Although the pair managed to find its feet at the seven-month […]
EURJPY gains strong momentum; recoups previous losses Technical signals improve but major resistance intact EURJPY sped up to the 159.00 area on Tuesday after the Bank of Japan (BoJ) kept its yield curve control at 1.0%, but softened its language to allow any breaches above that threshold, disappointing those who expected a higher bar at […]
Details of the Economic Calendar on October 30 On Monday, the macroeconomic calendar was practically empty. The only event worth noting was the data on the UK lending market, but it was disappointing. Almost all indicators turned out to be below the forecasts. Analysis of Trading Charts from October 30 The EUR/USD currency pair again […]
The price of gold retreated a little in the short term but the bias remains bullish. You already know from yesterday’s analysis that XAU/USD could test and retest the immediate support levels before resuming its growth. After its strong rally, a retreat was natural. Fundamentally, the BOJ left its monetary policy unchanged in the October […]
It seemed like the market needed to calm down and catch its breath, but surprisingly, the euro started to become active again, much like the beginning of the past week. Although the macroeconomic calendar is basically empty, and the fundamental background remains generally unchanged. Of course, one could attribute this to mounting Middle East tension, […]
The GBP/JPY pair rallied in the last hours and now is located at 182.49 at the time of writing. The price action invalidated a deeper drop, so a new leg higher is favored. Still, the rate stands right below key resistance levels, so further growth needs confirmation. As expected, the BOJ left the BOJ Policy […]
Crude oil remains fixed on more downside pressure in wave C of the zig-zag correction that began from the September 2023 peak at 95.03 and should see the zig-zag reach a low between 75.63 and 79.34 in the weeks ahead. Once the corrective target between 75.63 and 79.34 is tested, a new impulsive rally is […]
Google or Alphabet will likely end October with a key-reversal candle, indicating that a top is in place for a larger decline in wave C towards the 50% corrective target at 78.58. This is in line with the expected zig-zag correction that began from the 150.97 peak in November 2021. We have seen wave A […]
On the weekly chart of USD/CHF main currency pairs seems there is a price movement which is moving inside the Bearish Pitchfork channel and below the Kumo, also there is the Bearish Y Wave pattern so that USD/CHF has the potential to weaken to the level of 0,8460. Nevertheless, Tenkan Sen which has Golden Cross […]
With the appearance of deviation between price movement with CCI indicator which coicidentaly successfully breakout under its uptrend line, gives the clue that GBP/AUD move in weak condition where currently on the weekly chart, GBP/AUD is trying to break below the level 1,8854, as long as there is no upward correction exceed above the level […]
EUR/USD Yesterday, the euro showed its desire to rise on the day the Federal Reserve announced its monetary policy decision. In a way, market participants are already aware of the central bank’s decision since it was outlined by FOMC representatives—inflation is already close to target levels (core and overall CPI, personal consumption prices, purchase prices, […]
GBP/USD Yesterday, the British pound rose by 48 pips and slightly exceeded the resistance of the embedded descending channel’s price line. Today it opened above this line. The Marlin oscillator is rising in the bullish territory. Now, the pound must reach the target range of 1.2271/87 and, if possible, climb above the MACD line and […]
