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 […]
The volume of short positions on EUR/USD fell around the support level of 1.0600. As a result, there was a rebound, and the euro recovered approximately 0.5% of its value. On the 4-hour chart, the RSI hovered along the 50 mid line, indicating uncertainty among market participants. On the same time frame, the Alligator’s MAs […]
Analyzing Friday’s trades: GBP/USD on 1H chart The GBP/USD pair surprisingly showed a downward movement on Friday. Although there weren’t many surprises, as the UK retail sales report turned out weaker than expected, and the pound should be falling at this time even without the help of macro data. Initially, the price bounced off the […]
Analyzing Friday’s trades: EUR/USD on 1H chart EUR/USD traded with low volatility on Friday. The hourly chart shows that the previous week was quite dull with low activity. The price mostly moved sideways, and the macroeconomic background was weak. Although there were several fundamental events that could have potentially triggered a new rise in the […]
EUR/USD Last Friday, the euro made a two-way shadow exit from both sides of the range between 1.0636/56, while keeping its body inside this range. In today’s Asian session, the price broke above the range, supported by the rising Marlin oscillator. The pair will likely start a corrective phase in the next few days. Considering […]
GBP/USD On Friday, the British pound sharply fell towards the target level of 1.2370. The signal line of the Marlin oscillator managed to stay in the upper half of its own descending channel and has already turned upwards. The pound is likely on track for a correction. The boundary for such a correction is at […]
AUD/USD The Australian dollar slipped on Friday but ultimately closed the day above the support level at 0.6410. The target level of 0.6273 (last October’s low) is quite far away, as the price hesitated to consolidate below the support level without the support of adjacent markets. This morning, the pair started to correct higher towards […]
The weekly chart shows that gold maintains bullish momentum and has had strong gains for 10 consecutive weeks, but technically we are seeing an exhaustion of strength and it is likely that gold could fall in the coming days. Gold has formed a Japanese candlestick pattern that left a long wick and a small body […]
Deal Analysis and Trading Tips for the Japanese Yen No tests of the levels I indicated in the first half of the day prevented entry into the market. Yes, the dollar reacted with a decline to news of reduced pricing pressure in Japan. Still, buyers quickly absorbed all downward movement and again stalled around the […]
Analysis of Deals and Trading Tips for the British Pound The test of the 1.2424 price level in the first half coincided with the moment the MACD indicator began its upward movement from the zero mark, confirming the correct entry point for buying the pound. As a result, the pair rose by 20 points, and […]
Trade Analysis and Tips on Trading the European Currency The price test at 1.0646 in the first half of the day coincided with the moment when the MACD indicator started moving upward from the zero mark, confirming the buy signal for the euro. As a result, the pair rose by 15 points, and that was […]
In my morning forecast, I focused on the level of 1.2437 and planned to make decisions based on it for market entry. Let’s look at the 5-minute chart and analyze what happened there. The breakout and subsequent retest of this range from top to bottom led to a buy signal, resulting in the pair rising […]
In my morning forecast, I paid attention to the 1.0650 level and planned to decide to enter the market from it. Let’s look at the 5-minute chart and figure out what happened there. The growth and formation of a false breakdown in the area of 1.0686 led to a sell signal, which was never fully […]
During the Asian session on Friday, the euro/dollar pair sharply fell to the 1.0600 area, coming under pressure from reports that Israel had carried out strikes against Iran. The dollar regained strength amid risk-off sentiments but not for long. However, it became clear that World War III was once again postponed: the parties moderately commented […]
Potential for the further drop on NAS100 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD. April 19th. Bostic, Fed: the rate cut will happen… April 19, 2024 The EUR/USD pair on Thursday rose almost to the corrective…Forecast for GBP/USD pair on April 19, 2024 April 19, 2024 On the hourly chart, […]
The EUR/USD pair on Thursday rose almost to the corrective level of 100.0% (1.0696) but still stopped slightly below. It made a turnaround in favor of the US currency and returned to the Fibonacci level of 127.2% (1.0619). A rebound from this level will work in favor of the European currency and lead to new […]
On the hourly chart, the GBP/USD pair performed another reversal this week in favor of the US currency and a slight drop towards the level of 1.2370 on Thursday. Today, a reversal was made in favor of the British dollar, and the growth process began in the direction of the Fibo level of 50.0%–1.2464. The […]
US GDP, core PCE and PMIs the next tests for the dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as AU CPIs also on tap. Earnings season heats up as tech giants report. 0:00 Intro 0:17 US data and dollar 2:18 BoJ decision and yen 4:12 EU […]
Overview of yesterday’s trading and tips on USD/JPY The price test of 154.60 in the afternoon occurred at a time when the MACD indicator sharply went up from the zero mark, which limited the pair’s bullish potential. For this reason, I did not buy the dollar, although the US labor market data was more than […]
Overview of yesterday’s trading and tips on GBP/USD The price test of 1.2460 in the afternoon occurred at a time when the MACD indicator sharply went down from the zero mark, which limited the pair’s bearish potential. For this reason, I did not sell the pound, although the signal looked very promising. As you can […]
Overview of yesterday’s trading and tips on EUR/USD The price test of 1.0667 in the afternoon occurred at a time when the MACD indicator was just beginning to move down from the zero mark, which confirmed the correct entry point to sell the euro. As a result, the pair fell by more than 25 pips, […]
