Even though the condition of the main currency pair USD/JPY on the 4-hour chart is in a strengthening condition, which is confirmed by its price movement moving above WMA 30 Shift 2, the appearance of deviations between price movements and the Stochastic Oscillator indicator gives a clue that in the near future USD /JPY has […]
With the existence of Crude Oil commodity price movements in the Equisidant Channel which have a downward slope and the appearance of hidden deviations on the 4-hour chart, #CL in the near future has the potential to fall to test level 84.73. If this level is successfully broken downwards then level 84.07 will be the […]
EUR/USD Yesterday, the euro attempted to return to the range of 1.0636/56, but the bears proved stronger, and eventually the price settled below the range. The signal line of the Marlin oscillator is turning upwards on the daily chart, prompting the price to make another attempt to penetrate the range. However, the target support at […]
GBP/USD After the pound fell below the target support at 1.2427 on Tuesday, this morning it is trying to consolidate below it. Such consolidation is particularly important at the moment, as the Marlin oscillator is trying to leave the upper half of its own descending channel, which could push the price to consolidate above the […]
USD/JPY Yesterday, the USD/JPY pair broke through strong resistance represented by the embedded line of the price channel and the target level of 154.25. The yen managed to avoid a correction from this level, but the risk of a deep retracement increases significantly with each subsequent resistance level. The first resistance is at the level […]
Analysis of EUR/USD 5M EUR/USD did not show any interesting movements on Tuesday. Volatility was quite low. The pair made an attempt to extend the downward movement, tried to start a bullish correction, but eventually realized that neither would work. Thus, the euro continues to stay below the important area of 1.0658-1.0669, so it still […]
The euro managed to find its footing thanks to positive macro data from Germany, doubts among European Central Bank officials about monetary policy easing, and revisions by major banks to forecasts regarding the scale of the ECB’s rate cut cycle. The closure of speculative short positions ahead of ECB President Christine Lagarde’s speech also played […]
The wave analysis for GBP/USD remains quite complex but may be simplified in the coming weeks. A successful attempt to break the Fibonacci level of 50.0% indicates the market’s readiness to build a downward wave 3 or C. If this wave indeed continues to develop, the wave pattern will become much simpler, and the threat […]
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we observe the construction of the presumed wave 3 in 3 or c of the downward trend section. If this is indeed the case, then the decline in quotes will continue for quite some time, as the first wave […]
Trade Analysis and Advice on Trading the Japanese Yen The price test at 154.59 occurred when the MACD indicator had already risen significantly above the zero mark, which clearly limited the upward potential of the pair. For this reason, I did not buy the dollar. Considering how the pair have been reacting to US statistics […]
Trade Analysis and Advice on Trading the British Pound We didn’t quite reach the price test at 1.2455 in the first half of the day, so there were no suitable entry points formed in the market. The pound was quickly bought back after the decline caused by weak UK labor market data. However, more was […]
The British pound printed a low of 1.2405 in the European session, a key level that coincided with the bottom of the bearish trend channel forming since March 15. We believe that the GBP/USD pair could continue to bounce in the next few hours. So, we will look for opportunities to buy above 1.2410 or […]
Trade Analysis and Advice on Trading the European Currency The price test at 1.0630 in the first half of the day occurred when the MACD indicator was starting to move up from the zero mark, which, along with decent data from the eurozone, allowed for a buy signal for the euro. However, as you can […]
The absence of significant macroeconomic reports from Australia suggests that the Australian dollar will keep trading in sync with the market, primarily reacting to the news from the United States and the dollar’s dynamics. The first rate cut by the RBA is projected for November, as inflation is expected to show a slight increase in […]
In my morning forecast, I pointed out the level of 1.2411 and planned to make decisions based on it for market entry. Let’s take a look at the 5-minute chart and figure out what happened there. The decline and the formation of a false breakout there led to a buy signal, resulting in the pair […]
Bitcoin is trading around 62,500 and around the key 4/8 Murray level, which represents a rebound point for the cryptocurrency. In case BTC manages to consolidate above this area, we can expect a technical rebound to occur and the price could reach 64,884 and 66,737. In case Bitcoin falls below 4/8 Murray, we could look […]
In my morning forecast, I pointed out the level of 1.0628 and planned to make trading 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 1.0628 led to a sell signal, which was not fully realized. After a […]
The EUR/USD pair continued its downward trajectory on Monday and consolidated below the corrective level of 127.2%-1.0619. The consolidation is hesitant, but until a reversal is confirmed above the level of 1.0619, the downward trend may continue toward the next Fibonacci level at 161.8%–1.0519. Closing above the level of 1.0619 would benefit the euro and […]
Yesterday, the euro and the British pound extended losses against the US dollar, weighed down by data showing a sharp increase in US retail sales. Adding to this were statements from Federal Reserve officials, creating a scenario that seemed quite unlikely at the beginning of this year. According to the report, US retail sales increased […]
On the hourly chart, the GBP/USD pair executed a new reversal in favor of the American currency on Monday, with consolidation below the corrective level of 38.2% (1.2453). Thus, the process of the quotes’ decline may continue toward the next level at 1.2370. Consolidation of the pair’s rate above the level of 1.2453 would benefit […]
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 00:12 Totay’s […]
Overview of yesterday’s trading and tips on GBP/USD The test of 1.2475 in the afternoon came at the time when the MACD indicator was just beginning to move down from the zero mark, which confirmed the correct entry point to sell the pound, especially after strong retail sales data from the US. The news that […]
Overview of yesterday’s trading and tips on EUR/USD The price test of 1.0646 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 further along the trend by […]
Potential for the bigger drop on NAS100 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Hot forecast for EUR/USD on April 16, 2024 April 16, 2024 Not only has the apparent divergence in the future actions…XM 2024 Ramadan Promotion Winners April 16, 2024 We are happy to announce the winners of our […]
Not only has the apparent divergence in the future actions of the European Central Bank and the Federal Reserve literally set the euro on a path towards parity with the dollar, but now the economic reports are also mounting pressure on the single currency. And this is despite the fact that industrial production in the […]
EUR/USD Higher Timeframes The bears have started testing the monthly support level (1.0611). The outcome may determine the possibilities for movement. The next support level after breaking the current one (1.0611) will be the lower boundary of the weekly cloud (1.0503). In the event of a rebound, the first resistance may be provided by the […]
Analysis of macroeconomic reports: There are quite a few macro events scheduled for Tuesday, but there are hardly any important points. In the European Union, the economic sentiment indices from the ZEW Institute for the euro area and Germany may provide impetus to traders. While these reports are considered important, the market either shows a […]
After a three-day decline, the GBP/USD currency pair started an upward correction on Monday. The correction, as well as the pair’s volatility during the day, was weak. If we exclude Wednesday and Friday of last week, the pound’s volatility has remained quite low for over two months, greatly hindering trading. However, important events will also […]
Analyzing Monday’s trades: GBP/USD on 1H chart The GBP/USD pair also tried to start a minor bullish correction on Monday, but the downward movement resumed in the second half of the day. Take note that a significant event occurred last week – the pair left the 4-month sideways channel and may now begin forming a […]
Analyzing Monday’s trades: EUR/USD on 1H chart EUR/USD returned to its favorite style of movement over the past few months – low volatility. However, take note that the downtrend persists, the bullish correction after the three-day slump was quite weak, and by the end of the day, the euro depreciated even further. Thus, the market […]
