Overview of trading and tips on USD/JPY The price test of 157.61 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. The outcome of the Federal Reserve meeting, as you […]
Overview of trading and tips on GBP/USD The price test of 1.2494 in the afternoon occurred at a time when the MACD indicator was just starting to move up from the zero mark, which confirmed the entry point to buy the pound. As a result, the pair rose by more than 40 pips. In the […]
Overview of trading and tips on EUR/USD The price test of 1.0675 in the afternoon occurred at a time when the MACD indicator was just starting to move up from the zero mark, which confirmed the entry point to buy the euro. As a result, the pair rose by about 30 pips. The absence of […]
Potential for the further drop on BTC The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis of Intraday Price Movement of EUR/USD… May 2, 2024 Even though currently on the 4-hour chart the main EUR/USD…Technical Analysis of Intraday Price Movement of Nasdaq 100… May 2, 2024 With the appearance of deviations […]
Analysis of macroeconomic reports: There are fewer macroeconomic events on Thursday, and none of them are crucial. The second estimates of the manufacturing Purchasing Managers’ Index (PMI) for Germany and the EU will be published. These reports are objectively less important than the initial estimates. Final estimates rarely show significantly different values from preliminary ones. […]
Analyzing Wednesday’s trades: GBP/USD on 1H chart The GBP/USD pair hardly moved on Wednesday, as it was mostly stagnant throughout the day. Although the price settled below the ascending trendline in the preceding days, we did not see the desired downward movement on Wednesday. We already warned you that an upward movement was also possible […]
Analyzing Wednesday’s trades: EUR/USD on 1H chart The EUR/USD pair showed absolutely disgraceful movements on Wednesday. First of all, the market ignored all the “important” US reports. Secondly, the price initially consolidated below the ascending channel and then it started a new upward movement. Thirdly, Federal Reserve Chair Jerome Powell’s speech cannot be considered dovish, […]
Even though currently on the 4-hour chart the main EUR/USD currency pair is moving in a ranging/sideways condition, the condition of the 50 MA which is below the 200 MA gives an indication that in the near future Fiber has the potential to weaken, but currently it still has the potential to test yesterday’s high […]
With the appearance of deviations between the price movement of the Nasdaq 100 index and the Stochastic Oscillator indicator plus the condition of the MA 50 which is below the MA 200, from these two pieces of information we can know that Sellers are more dominant in #NDX and in the near future it has […]
EUR/USD Yesterday’s FOMC meeting turned out to be hawkish in terms of Federal Reserve Chair Jerome Powell’s statements at the press conference. Powell said the next rate cut may not happen anytime soon, the central bank needs at least three months of cooling inflation, and currently, the Fed sees no progress in reducing inflation. As […]
GBP/USD Yesterday, the British pound unexpectedly returned to the intermediate resistance at 1.2525 – the lows of February 5th and 14th, and the 38.2% Fibonacci level. Despite the intermediate status of this level, its influence is increasing day by day. If the price manages to consolidate above it, with the support of the Marlin oscillator, […]
AUD/USD Yesterday, the Australian dollar failed to consolidate below the support it reached at 0.6480, hindered by neighboring currencies that rallied following the Federal Reserve meeting. The price stopped rising due to the balance indicator line on the daily chart. The Marlin oscillator slightly crossed the boundary into the territory of the upward trend but […]
Apparently, the Japanese authorities did conduct a currency intervention on April 29th. The USD/JPY pair came close to the 160 mark, after which it quickly fell to 154.50. A weak yen carries too many problems for the Japanese economy. Rapid currency depreciation leads to higher import costs, which, amid the threat of persistent inflation, could […]
Gold is trading around 2,297, above the 21 SMA, and above the downtrend channel that has been forming since April 29. We expect that gold will continue its rise in the next few hours and could reach the 200 EMA 2,327. In the next few hours, we could expect gold to make a technical correction […]
Potential for the further drop on NAS100 and BTC The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Forex forecast 05/01/2024: EUR/USD, GBP/USD, USD/JPY, SP500… May 1, 2024 We introduce you to the daily updated section of Forex…Market Comment – Dollar enjoys a bid; stocks concerned about… May 1, 2024 Fed meeting in […]
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. Useful links: My other articles are […]
Potential for the further drop on BTC and NAS100 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis of the EUR/USD pair on April 30, 2024 April 30, 2024 The wave analysis of the 4-hour chart for the EUR/USD…Analysis of the GBP/USD pair on April 30th. Last chance for… April 30, 2024 […]
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. Currently, we are observing the construction of the presumed wave 3 in 3 or c from the downtrend segment. If this is indeed the case, the decline in quotes will continue for quite some time, as the first wave of this segment […]
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 to develop, the wave pattern will become much simpler, and the threat of complicating the wave analysis […]
Trade analysis and trading tips for the British pound The test of the price at 1.2540 in the first half occurred when the MACD indicator was starting to move upward from the zero mark, confirming the correct entry point for buying the pound. As a result, the pair only rose by 15 points, and that […]
Trade analysis and trading tips for the European currency The first price test at 1.0713 in the first half of the day occurred when the MACD indicator was starting to move upward from the zero mark, confirming the correct entry point for buying the euro. As a result, the pair moved up more than 20 […]
In my morning forecast, I paid attention to the 1.2516 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 decline occurred, but it never reached the formation of a false breakdown there. As a result, it was not possible […]
In my morning forecast, I pointed out the level of 1.0726 and planned to make trading decisions based on it. Let’s look at the 5-minute chart and figure out what happened there. Growth and the formation of a false breakout led to a signal to sell the euro, but significant downward movement of the pair […]
Bitcoin is trading around 61,266 under strong bearish pressure. During the European session, it tried to break the top of the bearish trend channel forming since March 30 around 64,700. Bitcoin has been trading within a downward trend channel for several days since approximately March 10. However, since the beginning of April, it developed a […]
Ethereum is trading around 3,014.42 under strong bearish pressure and within a downtrend channel forming since March 6. Over the past few days since April 11, ETH/USD has been trying to break the strong resistance at 3,281 but without success and dropped several times. On April 28, Ethereum tried to consolidate above 3,300 but retreated […]
The EUR/USD pair on Monday retraced to the corrective level of 100.0%-1.0696, rebounded from it, experienced slight growth, and returned to this level again. Another rebound of quotes will allow for a small upward movement toward the upper line of the ascending trend channel. If the pair’s exchange rate consolidates below the channel, it will […]
On the hourly chart, the GBP/USD pair on Monday experienced growth to the corrective level of 38.2%-1.2565, followed by a rebound. Thus, a reversal in favor of the American currency occurred, and the process of decline toward the level of 1.2517 began. If the pair’s exchange rate consolidates below this level, it will increase the […]
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 00:14 Today’s […]
Overview of trading and tips on USD/JPY The price test of 156.53 at the beginning of the US session occurred at a time when the MACD indicator sharply rose from the zero mark, which limited the pair’s upward potential. After the next Bank of Japan currency intervention, there was a price test of 155.75. But […]
Overview of trading and tips on GBP/USD The price test of 1.2520 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 did not sell. A similar story happened with buying the pound around 1.2548. During the price […]
