We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week. Video Agenda: 00:00 INTRO 00:13 Totay’s […]
Overview of trading and tips on USD/JPY The tests of the levels I identified did not materialize in the afternoon. Yesterday, the absence of US data deterred dollar buyers around the annual high, which they failed to break out of. Today, Japan released decent data on manufacturing activity, which contracted at a less active pace […]
Overview of trading and tips on GBP/USD The price test of 1.2309 in the afternoon occurred at a time when the MACD indicator had significantly dropped from the zero mark, which limits the pair’s downward potential – especially considering how much the pound had already lost in the morning. The second test of 1.2309 happened […]
Overview of trading and tips on EUR/USD The price test of 1.0639 in the afternoon occurred at a time when the MACD indicator sharply fell from the zero mark, which limited the pair’s downward potential – especially when it is trading in the sideways channel. After a short period of time, this level was tested […]
The EUR/USD pair is moving around the base of the downward cycle, where a sideways range has formed. The support level is at 1.0600, while the peak of the sideways range can reach the value of 1.0700. On the 4-hour chart, the RSI hovered along the 50 mid line, indicating uncertainty among market participants. On […]
From what we see on the 4-hour chart, the Natural Gas commodity asset shows a Bullish 123 pattern, the level of the Bullish Fair Value Gap area and the intersection of the Golden Cross between MA 20 and 50, which indicates that Buyers are quite dominant at the moment so as long as there is […]
With the appearance of Bearish 123 pattern which followed by the intersection of Death Cross from MA 20 with MA 50 give the sufficient information if this commodity asset in the near future has the potential to depreciated weakness downward to the level 2257,30 as the main target, and if the momentum as well as […]
Analysis of macroeconomic reports: A significant number of macroeconomic events are scheduled for Tuesday. The UK, the US, and the wider Eurozone area will see updates to Purchasing Managers Index (PMI) figures. These indices are more significant for the European countries, as they are the only ones available. On the US side, the ISM indices […]
EUR/USD Higher Timeframes No significant changes over the past 24 hours. Consolidation continues, so uncertainty persists. The daily short-term trend has moved closer to the price chart. Today, it can be found at 1.0680, practically within the consolidation zone. In case of upward movement, the next resistances are located around 1.0732-56 (daily + weekly Fibonacci […]
EUR/USD Yesterday, the euro held the candle body in the range of 1.0636/56, and even closed the day slightly lower. However, the Marlin oscillator continued to rise on the daily chart, pulling the price towards leaving the range, presumably towards the level of 1.0696. Overcoming this resistance will allow the price to correct higher towards […]
GBP/USD The British pound worked through the target range of 1.2287-1.2307 yesterday and moved out of it, approaching the resistance level at 1.2370. However, we didn’t expect the price to overcome the range on its first attempt; we were actually expecting a correction. The Marlin oscillator moved upward as a sign of support. However, Marlin […]
USD/JPY Economic reports from Japan should have supported the yen, but speculative investor sentiment towards carry trades and the dollar’s local strength continue to pull the Japanese currency to new lows against the dollar. Yesterday, the price settled above the price channel line on the daily time frame and opened the nearest target at 155.80. […]
Analysis of GBP/USD 5M GBP/USD unexpectedly fell on Monday. The British pound had been in a flat state for four months, and volatility has been particularly low for several months. However, the last two days have been out of the ordinary. The British currency sharply fell on Friday, when there was only the UK retail […]
Analysis of EUR/USD 5M EUR/USD traded mostly sideways with low volatility on Monday. We have seen the same movement for six days now, so we have formed a channel that illustrates the current direction. It is moderately upward but very close to sideways. The euro has stopped falling, but no one expects the pair to […]
The net long USD position increased by $7.8 billion to $25.5 billion over the reporting week, hitting a 5-year high. Speculative positioning remains firmly bearish, with no signs of slowing down. The euro suffered the greatest losses, losing $2.8 billion, along with the Canadian dollar and the British pound. Market repositioning is linked to revisions […]
Highest yields and demand for safe haven assets. These are the two key ingredients for a stronger USD in 2024. At the beginning of the year, few believed that the USD index could rise. By the end of April, only a few bears are sticking to their forecasts. For instance, Bank of America predicts the […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
GBP/USD Analysis: The daily chart scale of the major pair of the British pound since last summer demonstrates the formation of a horizontal descending correction. By now, quotes have reached the boundaries of a strong potential reversal zone. The wave structure has developed a stretched flat correction since the beginning of March. Last week, the […]
EUR/USD Analysis: Quotes of the European currency in the main pair have been forming a horizontal descending pennant since July of last year. The final part (C) is developing within the wave structure. Major quotes have pressed the upper level of a powerful potentially reversal zone. Last week, the price drifted, forming an intermediate retracement. […]
Potential for the further drop on NAS100 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Weekly forecast based on simplified wave analysis for… April 22, 2024 EUR/USDAnalysis:Quotes of the European currency in the main pair have…Weekly Technical Outlook: 22/04/2024 – Dollar index, USDJPY,… April 22, 2024 Our weekly #TechnicalAnalysis looks at the […]
Our weekly #TechnicalAnalysis looks at the key events that are expected to shake the #markets the most. This week, the focus is on US #GDP data, Eurozone flash #PMIs and #BoJ decision and will be looking at how #USDJPY, #EURUSD and #USDX may react. 0:00 Intro 0:16 USDX 1:35 USD/JPY 3:25 EUR/USD For more information […]
We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week. Video Agenda: 00:00 INTRO 00:16 Totay’s […]
Overview of trading and tips on USD/JPY The tests of the levels I identified in the afternoon did not materialize. The pair managed to recover its losses, and it stayed near the daily high during the US session. It is unlikely that amid the lack of important US data, buyers will somehow take the initiative […]
Overview of trading and tips on GBP/USD The price test of 1.2454 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 pound. However, despite the bulls’ efforts, the pair did not sharply rise. The […]
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 […]
