On the hourly chart, the GBP/USD pair continued to trade between the levels of 1.2464 and 1.2517 on Friday and only managed to consolidate above the level of 1.2517 on Monday. However, I would not rush to buy the British pound, as the recent movement is a corrective wave. Thus, bears may counterattack soon and […]
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 00:18 Totay’s […]
The fact that the US dollar reacts vigorously to any inflation-related news is no longer surprising for market participants. The market has shifted focus from the scenario of how many times the Federal Reserve should cut interest rates this year to whether it should cut them at all. Fed policymakers are expected to keep interest […]
Overview of trading and tips on USD/JPY The price test of 157.58 at the beginning of the US session 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 dollar in continuation of the uptrend. As a result, the […]
Overview of trading and tips on EUR/USD The price test of 1.0713 in the afternoon occurred at a time when the MACD indicator had sharply dropped from the zero mark. Nevertheless, I sold the euro because I anticipated a strong movement after the release of US inflation data. As a result, the pair fell by […]
Potential for the downside continuation on the NAs100 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USD/JPY: trading tips for beginners for European session on… April 29, 2024 Overview of trading and tips on USD/JPYThe price test of…EUR/USD: trading tips for beginners for European session on… April 29, 2024 Overview of trading […]
EUR/USD On Friday, the euro fell by 36 pips on significant trading volumes. The reason behind this was the US inflation data, as US PCE inflation rose by 2.7% YoY in March, compared to 2.5% prior. So now the market only expects one rate cut from the Federal Reserve this year, which has a 60% […]
GBP/USD On Friday, the British pound showed a trading range of more than 90 pips, piercing the resistance level at 1.2525 (38.2% Fibonacci) with the upper shadow of the daily candle, but ultimately closing the day down by 20 pips. This morning, the price is approaching the intermediate resistance, but it has a low chance […]
USD/JPY The USD/JPY pair has surprised us with its relentless growth. The rise occurred on large volumes (the highest in April), but far from record volumes of the year. Most likely, the price surged as stop-loss orders for short positions located above 155.55 were triggered. The price has reached the upper boundary of the global […]
Analysis of macroeconomic reports: For Monday, the lineup of macroeconomic events is practically barren. We will only highlight the German inflation report because inflation data are currently significant for the market. Inflation is a key indicator for the European Central Bank. If inflation in Germany or the EU doesn’t rise in April, then this will […]
Analyzing Friday’s trades: GBP/USD on 1H chart The GBP/USD pair also fell on Friday, but this movement did not have a significant impact. From a technical perspective, the downtrend remains intact while the pair goes through a correction. The corrective phase may end on Monday. Currently, there are no clear technical references apart from the […]
Analyzing Friday’s trades: EUR/USD on 1H chart EUR/USD started falling on Friday, which was justified by technical reasons. Over the past few days, the price has been hovering near the upper boundary of the ascending channel, so a bounce from it and a shift towards a downward movement seemed likely. The movement didn’t even require […]
The wave analysis for the GBP/USD pair remains quite complex, but it may become clearer in the coming weeks. A successful attempt to break the Fibonacci level of 50.0% indicates the market’s readiness to form a downward wave 3 or C. If this wave indeed continues to develop, the wave pattern will become much simpler, […]
Trade Analysis and Tips for Trading the Japanese Yen The price test at 155.97 occurred when the indicator was in oversold territory, allowing the scenario for buying on a rebound to continue the upward trend for the dollar observed during the Asian session. As a result, the pair rose by more than 100 points. The […]
Trade Analysis and Tips for Trading the British Pound The price test at 1.2514 in the first half of the day occurred when the MACD indicator was beginning to move upwards from the zero mark, confirming the correct entry point for buying the pound. As a result, the pair rose by 25 points. The lack […]
Trade Analysis and Tips for Trading the Euro Currency The first price test at 1.0742 in the first half of the day occurred when the MACD indicator had risen significantly from the zero mark, limiting the further upward potential of the pair. For this reason, I did not buy it. After a short period, another […]
In my morning forecast, I paid attention to the 1.2524 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 growth and formation of a false breakdown there after an unsuccessful attempt to gain a foothold above 1.2524 allowed us […]
In my morning forecast, I drew attention to the level of 1.0754 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 and the formation of a false breakout led to a signal to sell the euro, resulting in a pair’s decline […]
XAU/USD is trading around 2,345 with a bullish but showing signs of exhaustion. During the European session, gold reached the top of the uptrend channel at about 2,352. In the H4 chart, we can see that since April 8, gold has been trading within a main bearish trend channel. Since April 22 after reaching the […]
The EUR/USD pair on Thursday rebounded from the corrective level of 100.0%-1.0696 and resumed its upward movement towards the corrective level of 76.4%-1.0764. The ascending trend channel continues to characterize the current market sentiment as “bullish.” Consolidation of quotes below the ascending corridor will change the market sentiment to “bearish” and may lead to a […]
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the euro. Chinese PMIs and New Zealand employment data to be watched too. 0:00 Intro 0:17 Fed Meeting 2:38 NFP and ISM data 5:01 EZ […]
Overview of trading and tips on USD/JPY The price test of 155.67 at the beginning of the US session 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 dollar in continuation of the uptrend. However, the pair did […]
Overview of trading and tips on GBP/USD The price test of 1.2491 in the afternoon occurred at a time when the MACD indicator had sharply dropped from the zero mark. Nevertheless, I sold the pound because I expected a strong movement after the release of the US GDP report, which happened. As a result, the […]
Overview of trading and tips on EUR/USD The price test of 1.0704 in the afternoon occurred at a time when the MACD indicator had sharply dropped from the zero mark. Despite this, I sold the euro because I expected a strong movement after the release of the US GDP report, which happened. As a result, […]
The EUR/USD pair has settled above the level of 1.0700, which is a positive sign that suggests that the volume of long positions will rise. On the four-hour chart, the RSI technical indicator is hovering in the upper area of 50/70, which points to the growth in buying volumes. On the same chart, the Alligator’s […]
Analysis of macroeconomic reports: There are quite a few macroeconomic events scheduled for Friday, but all of them are in the US. There won’t be any significant reports in the European Union, the United Kingdom, or Germany. Therefore, currency pairs may exhibit sluggish movements during the European trading session. The US will release reports on […]
Analyzing Thursday’s trades: GBP/USD on 1H chart The GBP/USD pair continued to correct higher on Thursday. The pair’s movement was influenced by the US GDP report, as there were simply no other events or reports during the day. The British pound only managed to rise to the level of 1.2502 because the quarterly GDP figure […]
Analyzing Thursday’s trades: EUR/USD on 1H chart EUR/USD continued to trade within an ascending channel on Thursday. The pair changed direction several times. The US GDP report was partly responsible for this, which turned out to be significant and also highly contradictory. As a result, the market initially bought the pair, then panicked and sold […]
From what we seen on the 4 hour chart, Polkadot cryptocurrency seems pushed by the seller to break below the level 6,6941 although there is a potential of strengthening correction to test the Bearish Fair Value Gap area (Pink) but as long as does not break above the level 7,3574, then Polkadot still has the […]
On the 4 hour chart of Cardano cryptocurrency seems there is a price movement which moves inside the downward channel where it means the Seller is conquering the condition of this cryptocurrency. However, there is still a chance to corrected to its strength above up to the level of Bearish Fair Value Gap (Pink). But […]
