In my morning forecast, I focused on the level of 1.2565 and planned to make decisions regarding market entry based on it. Let’s take a look at the 5-minute chart and analyze what happened there. Growth occurred, but we still didn’t reach the test of 1.2565. Due to this, I didn’t see any entry points […]
Today, there may be a turning point in the market, which everyone has been expecting since the meeting of the Federal Reserve. It is all about the fact that today the monthly US jobs report will be released, and many economists expect that job growth will continue at a rather strong pace in April . […]
In my morning forecast, I drew attention to the level of 1.0751 and planned to make decisions regarding market entry based on it. Let’s take a look at the 5-minute chart and analyze what happened there. Growth occurred, but due to low volatility, we have yet to reach a test of this range. Consequently, suitable […]
Trade analysis and advice on trading the Japanese yen The tests of the levels I indicated in the first half of the day did not happen due to low volatility, which followed yesterday’s significant sell-off of the US dollar ahead of important data. In the second half of the day, everything will depend on the […]
Trade analysis and advice on trading the British pound The test of the price at 1.2560 in the first half of the day coincided with the moment when the MACD indicator surged significantly above the zero mark, limiting the further upward potential of the pair – especially ahead of the release of important US statistics. […]
Potential for the rally on Dollar Index… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/USD. May 3rd. Bears are counting on a strong US labor… May 3, 2024 On the hourly chart, the GBP/USD pair executed a new…Market Comment – Stocks enjoy Fed-induced bounce as dollar… May 3, 2024 Risk appetite […]
Trade analysis and advice on trading the European currency The test of the price at 1.0744 in the first half of the day coincided with the moment when the MACD indicator had surged significantly above the zero mark, limiting the further upward potential of the pair – especially ahead of the release of important US […]
The EUR/USD pair executed a new reversal in favor of the European currency on Thursday and began a new upward process towards the 76.4% Fibonacci retracement level at 1.0764. Already at current levels, the pair may execute a new reversal in favor of the American dollar and initiate a new decline towards the 127.2% Fibonacci […]
On the hourly chart, the GBP/USD pair executed a new reversal in favor of the British pound on Thursday. They resumed the upward movement towards the 38.2% Fibonacci retracement level at 1.2565. A rebound of the pair’s rate from this level will favor the US dollar and the resumption of the decline towards the 50.0% […]
Bank of England meets on Thursday, unlikely to signal rate cuts Reserve Bank of Australia could maintain a higher-for-longer stance Elsewhere, Bank of Japan releases summary of opinions 0:00 Intro 0:17 UK economy 1:26 BoE decision and pound 3:46 RBA decision and aussie For more information on the topics discussed in this video, including detailed […]
Overview of trading and tips on USD/JPY The price test of 154.99 at the beginning of the US session occurred at a time when the MACD indicator sharply fell from the zero mark, which limited the pair’s downward potential. For this reason, I did not sell, especially since dollar bulls were expected to return, which […]
Overview of trading and tips on GBP/USD The price test of 1.2506 in the afternoon occurred at a time when the MACD indicator was just starting to move down from the zero mark, which confirmed the entry point to sell the pound. As a result, the pair fell by more than 25 pips. Buying on […]
Overview of trading and tips on EUR/USD The price test of 1.0694 in the afternoon occurred at a time when the MACD indicator sharply fell from the zero mark, which limited the pair’s bearish potential. For this reason, I refrained from selling the euro. I didn’t wait for other entry points. The Manufacturing PMI data […]
The euro managed to gain some more during the US trading session. This time, this was due to revised expectations regarding today’s US Department of Labor data, which touches on the number of new non-farm payrolls. Although the main forecast remains the same at 243,000, investors are now expecting only 238,000 to be created. The […]
Analysis of macroeconomic reports: For Friday, the lineup of macroeconomic events is quite considerable. Let us start with the US reports as they can be crucial for the US dollar. In recent weeks, the greenback has been under market pressure. Even the recent FOMC meeting, which we believe was not dovish, did not help the […]
Analyzing Thursday’s trades: GBP/USD on 1H chart The GBP/USD pair also tried to initiate a downward movement on Thursday after the price consolidated below the ascending trend line, but it failed. However, the market lacked fundamental and macroeconomic support to resume the upward movement. The price has not surpassed the Monday high, so formally, the […]
Analyzing Thursday’s trades: EUR/USD on 1H chart The EUR/USD pair traded within an ascending channel on Thursday, which it should have already broken out of. In fact, we continue to observe a weak upward correction over the past few weeks while the global downward trend persists. Since Wednesday and Thursday, twice we have seen the […]
EUR/USD Yesterday, the euro made a strong effort to return to the 1.0636/56 range, but the market’s brief return to risk took over. The price returned above the resistance at 1.0724, and today it opened above this level. The Marlin oscillator has penetrated the uptrend territory, which suggests that the price intends to move towards […]
GBP/USD The British pound remains focused on achieving a 50% correction from the decline between March 8th and April 22nd. This correction coincides with the target level of 1.2596. Pressure from the descending price channel’s embedded line is acting as resistance from above. As a result, such strong resistance could lead to a reversal, and […]
USD/JPY The yen continues to actively fluctuate. Yesterday’s trading range exceeded 3 figures, closing the day down by 93 pips. The pair continues to fall in today’s Pacific session. We are about 70 pips away from the nearest target support at 152.50 (the MACD line on the daily timeframe). If the price consolidates below the […]
The Federal Reserve decided to exercise patience. Fed Chair Jerome Powell was absolutely clear about this. Unlike previous FOMC meetings, where he asserted that the federal funds rate would be lowered at some point in 2024, this time it was different. Powell expressed uncertainty regarding the timing for a potential rate cut. He began to […]
The wave analysis for the GBP/USD pair remains quite complex. A successful attempt to break through the Fibonacci level of 50.0% indicated the market’s readiness to build a downward wave 3 or c. If this wave indeed continues its construction, then the wave pattern will become much simpler, and the threat of complicating the wave […]
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 downtrend section. If this is indeed the case, the decline in quotes will continue for quite some time, as the first wave of this […]
Forex intervention is effective when it is carried out on time. Japan has mastered this art in the course of time. The monetary authorities entered Forex for the second time with large-scale purchases of the yen against the US dollar on the back of rapid USD/JPY’s growth after Jerome Powell’s press conference after the FOMC […]
The complexity of the situation when the economy is losing growth and inflation is rising, which is called stagflation, forced the Federal Reserve to act extremely cautiously yesterday. At the end of the meeting, the rates were left unchanged at 5.5%, which was generally expected by the market. That said, it did come as a […]
Analysis of transactions and trading advice for the Japanese yen The test of the price at 155.05 occurred at a time when the MACD indicator had descended significantly from the zero mark, limiting the further downward potential of the pair. For this reason, I did not sell. Unfortunately, I did not wait for a second […]
Analysis of transactions and trading advice for the British pound The first test of the price at 1.2515 occurred at a time when the MACD indicator had descended significantly from the zero mark, limiting the further downward potential of the pair. For this reason, I did not sell and instead waited for a retest to […]
Analysis of trades and trading tips for the European currency The first price test at 1.0704 in the first half of the day occurred when the MACD indicator had dropped significantly below the zero mark, limiting further downward potential for the pair. For this reason, I did not sell and instead waited for a retest […]
In my morning forecast, I highlighted the level of 1.2521 and planned to base market entry decisions on it. Let’s look at the 5-minute chart and analyze what happened there. The decline, along with the formation of a false breakout, enabled a buy signal, leading to the pair rising by more than 20 points. However, […]
In my morning forecast, I pointed out the level of 1.0700 and planned to make decisions based on it for market entry. Let’s 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 signal to buy euros, but significant growth in […]
