In my morning forecast, I paid attention to the 1.0758 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. Growth occurred, but due to low volatility, we did not reach the test of this range. Accordingly, it was also not […]
The EUR/USD pair on Tuesday did indeed bounce off the resistance zone of 1.0764–1.0806, which allows for a reversal in favor of the US dollar and some decline towards the lower line of the ascending trend channel and the corrective level of 100.0%–1.0966. However, the “bullish” trend is not yet complete or canceled. Until the […]
On the hourly chart, the GBP/USD pair continued its decline on Tuesday and confirmed consolidation below the ascending trend channel. Bulls lost their advantage on the hourly chart, and bears continue to maintain it on the 4-hour chart. Thus, the British pound has every reason to continue falling against the dollar. The rebound of quotes […]
Potential for the further drop on BTCUSD The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Forex forecast 05/08/2024: EUR/USD, Oil, Gold and SP500 from… May 8, 2024 We introduce you to the daily updated section of Forex…Market Comment – US dollar recovers, stocks’ rally stalls as… May 8, 2024 Fed expectations drive […]
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 price test of 154.35 occurred at a time when the MACD indicator sharply fell from the zero mark, which limited the USD/JPY pair’s downward potential. The second test coincided with the moment when the MACD indicator recovered from the oversold territory, which made it possible for traders […]
– Strengthening rate cut projections weigh on USDJPY; upward pattern intact above 151.90 – GBPUSD faces rejection near familiar resistance of 1.2630 ahead of BoE policy announcement – USDCAD trends within short-term bearish channel; key support level at 1.3530 0:00 :Intro 0:52 USD/JPY 3:08 GBP/USD 5:42 USD/CAD For more information on the topics discussed in […]
Analyzing Tuesday’s trades: GBP/USD on 1H chart Yesterday, the GBP/USD pair continued its downward movement after rebounding from the level of 1.2611 last Friday. The price has previously breached the ascending trend line, indicating the end of the upward trend, which was corrective in nature. Looking at higher time frames, its clear that the pair […]
Analyzing Tuesday’s trades: EUR/USD on 1H chart Yesterday, the EUR/USD pair failed to overcome the level of 1.0785, bouncing off it for the third time. Consequently, the euro started to fall as expected, heading towards the lower boundary of the ascending channel, which is still relevant. Take note that the recent upward movement, which has […]
With the appearance of hidden deviations between the price movement of the Litecoin cryptocurrency and the Stochastic Oscillator indicator on the 4-hour chart, this gives an indication that in the near future Litecoin has the potential to weaken, which has also been confirmed by the Death Cross of MA 50 and MA 200, so based […]
If we look at the 4-hour chart of the AUD/JPY cross currency pair, we can see that the 50 MA is above the 200 MA, which means it is still intersecting with the Golden Cross, which indicates that Buyers are still dominant, especially as this is also confirmed by the holding of the AUD/JPY downward […]
EUR/USD Yesterday, the currency market did not see any compelling reasons to increase risk appetite and, although stock markets were rising, it retreated from Monday’s highs. The euro declined by 15 pips. The situation from Monday repeated itself – the price fell from the balance indicator line. The correction that started on April 16 has […]
GBP/USD Yesterday, the British pound slumped, outpacing other currencies, ahead of the upcoming Bank of England meeting (on May 9th). The price can now reach the target support at 1.2465. If the Marlin oscillator does not interfere, that is, it doesn’t move upwards for a correction from the zero line, then the price can soon […]
AUD/USD On May 3, 6, and 7, the Australian dollar broke above the resistance level of 0.6627 with the upper shadows of daily candles and, since this is a strong level, the aussie plummeted by 26 pips yesterday, and it fell by another 22 pips in today’s Pacific session, reaching the balance indicator line. The […]
Analysis of GBP/USD 5M GBP/USD experienced a minor downward retracement, but this did not affect the overall technical picture. The price settled below the critical Kijun-sen line, but the upward trend persists as the pair remains close to its local high. We’re still waiting for the end of the upward movement, as we believe it […]
Analysis of EUR/USD 5M EUR/USD did not show any interesting movements on Tuesday. The pair has been trading in a sideways channel for the third consecutive day, bounded by levels of 1.0757 and 1.0797. Therefore, the price cannot leave the 40-pip range. There were no reasons to rise or fall. The euro area retail sales […]
Since the beginning of the year, I’ve been saying the same thing: I believe that the Federal Reserve is not in a rush to lower rates. In fact, we may not even see a Fed rate cut in 2024. This is quite possible, considering the current inflation rate. In recent months, it has only been […]
EUR/USD bulls were somewhat disappointed with the unexpected decline in German industrial orders by 0.4% m/m in March, but they weren’t completely discouraged. The indicator failed to meet Bloomberg forecasts, as experts were expecting growth from it, and it became evidence of the persisting weakness in the German economy. However, after the pair edged down, […]
The wave analysis for the GBP/USD pair remains quite complex. A successful attempt to break the Fibonacci level of 50.0% indicated the market’s readiness to build a downtrend wave 3 or c. If this wave continues its formation, the wave pattern will become much more straightforward, and the threat of complicating the wave analysis will […]
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. We are currently observing the construction of the presumed wave 3 in 3 or c of the downtrend section. If this is the case, the decline in quotes will continue for quite some time, as the first wave of this segment completed […]
Bitcoin is trading around 63,588, below the 200 EMA, and below the 21 SMA. Bitcoin reached the psychological level of $65,000, the area which coincided with 5/8 Murray. After trying to break the bearish trend channel forming since April 21, the crypto found a strong rejection. Since then, we are watching a technical correction. In […]
Potential for the rally on Dollar INdex… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis of GBP/USD pair on May 7th. The market fluctuates,… May 7, 2024 The wave analysis for the GBP/USD pair remains quite complex.…Analysis of EUR/USD pair on May 7th. The market sleeps and… May 7, 2024 The […]
Trade analysis and tips for trading the Japanese yen The test of the price at 154.13 in the first half of the day occurred when the MACD indicator had dropped significantly below the zero mark, limiting the downward potential of the pair – especially against the bullish market. Unfortunately, there was no second test of […]
Trade analysis and tips for trading the British pound There was no testing of the levels I indicated due to the low market volatility in the first half of the day. Fairly decent data came out regarding activity in the UK construction sector, which allowed us to avoid and stop the sell-off observed in the […]
Analysis of trades and trading tips for the European currency There was no testing of the levels I indicated due to the low market volatility in the first half of the day. Decent data came out for France and Germany and retail sales in the eurozone. But all of this was not enough to stir […]
In my morning forecast, I paid attention to the level of 1.2529 and planned to make decisions on market entry based on it. Let’s look at the 5-minute chart and analyze what happened there. The decline and the formation of a false breakout led to an excellent entry point for buying the pound. At the […]
Gold is trading around 2,314, below the 200 EMA, below the 21 SMA, and within an uptrend channel forming since May 3 with signs of exhaustion. On the H1 chart, we can see that gold followed a bearish bias during the last negotiations. However, with a break and consolidation above 2,318, the metal could resume […]
In my morning forecast, I noted the level of 1.0776 and planned to make decisions on market entry based on it. Let’s look at the 5-minute chart and analyze what happened there. Growth occurred, but due to low volatility, we only reached it once testing this range. Consequently, suitable entry points into the market still […]
The Bank of Japan has greatly scared speculators on the USD/JPY pair. No matter how concerned the US is about currency interventions and no matter what the market says that the fundamentals will force USD/JPY to cimb again, it will be extremely difficult to return to 160. Despite the growth of the US dollar above […]
The EUR/USD pair on Monday retraced to the resistance zone of 1.0785–1.0797, which is part of the larger resistance zone of 1.0764–1.0806. A bounce of quotes from this zone will favor the American currency and lead to a new decline towards the corrective level of 100.0% (1.0696). The ascending trend channel continues to characterize traders’ […]
