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 […]
USD/JPY Over the last two days, the USD/JPY pair has fallen by two figures, finding the October 17 low as the support level. This morning, the pair is recouping losses, and after that we expect the pair to drop towards targets like 148.18 (the October 10th low) and 147.65 (the embedded line of the global […]
EUR/USD Higher Timeframes At the end of yesterday, judging by the mood and the shape of the daily candle, it can be said that the advantage during the day belonged to the bullish players. However, one day did not fundamentally change the situation. The main conclusions and expectations remain the same. For the bulls, it […]
USD/JPY indicates bearish momentum with a potential bearish reaction near the 1st resistance at 149.50, leading to a possible decline to the 1st support at 148.92. The 1st support is reinforced by overlap support, while the 2nd support at 148.42 adds further strength to this support zone. On the resistance side, the 1st resistance at […]
Everything has its limits. There’s a certain boiling point after which everything changes. Bad news can become good news for a currency. I’m not sure if the euro has reached its boiling point, but weak data on German GDP and European economic confidence pushed EUR/USD to rise above 1.06. And yet, the 7% rally in […]
Weekly Review: The EUR/USD pair hit the weekly pivot point and resistance 1, because of the series of relatively equal highs and equal lows. But, the pair has risen down in order to top at the point of 1.0588. Hence, the major support was already set at the level of 1.0545. Today, the EUR/USD pair […]
Weekly review on GBP/USD for October 30-31: The GBP/USD pair will continue rising from the level of 1.2195 5today. So, the support is found at the level of 1.2153. Since the trend is above the 23.6% Fibonacci level, the market is still in an uptrend. Therefore, the GBP/USD pair is continuing with a bullish trend […]
The currency pair retreated after reaching an intraday high of 0.9048. The instrument is trading at 0.9017 at the time of writing. Still, the retreat could be only temporary. The rate could test and retest the near-term support levels before jumping higher again. Today, the Switzerland KOF Economic Barometer came in at 95.8 points above […]
The EUR/USD pair climbed as much as 1.0625 today, registering a new high. Now, it has retreated a little and is trading at 1.0605 at the time of writing. In the short term, the bias remains bullish despite minor retreats. The Euro dragged the pair higher as the USD was punished by the Dollar Index’s […]
