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 […]
EUR/USD Yesterday, it was difficult for the euro to close the day with a white candle, having fallen under the pressure of high volatility of the stock market. The pair has reached the target level of 1.0724, and the next target is 1.0757. The current position of the Marlin oscillator, which is becoming more flat […]
GBP/USD Yesterday the pound closed the day up 49 pips, the upper shadow reached the target level of 1.2525 on the Fibonacci 38.2% retracement. The Marlin oscillator moved downward without reaching the border of the uptrend territory. The correction has most likely ended. Now the price is facing the target of 1.2186 and ahead of […]
AUD/USD The Australian dollar, along with the general market, rose yesterday. The upper shadow tested the daily balance indicator line. The Marlin oscillator entered positive territory this morning. The price is aiming for the intersection point of the balance line and the MACD line around the 0.6556 mark (coinciding with the April 11th peak). However, […]
Demand for the euro has increased over the past few days, but I still believe we are dealing with a corrective wave within the larger Wave 3 or C. If this assumption is correct, the quotes will eventually decline under any circumstances, regardless of any news background. The market used the US GDP report to […]
“Buy the rumor, sell the fact.” US economic growth fell short of expectations, yet investors were so convinced of its slowdown that they were selling the US dollar from the beginning of the week until April 26. As soon as it became known that GDP expanded by 1.6%, rather than the anticipated 2.5% as forecasted […]
EUR/USD is trading around 1.10710, above the 21 SMA, and within the uptrend channel forming since April 12. During the European session, the euro reached a high of 1.07388, the level that coincided with the top of the bullish trend channel and with the 4/8 Murray zone. Both levels represent strong resistance. Since reaching the […]
Gold is trading around 2,333, above the 21 SMA, and above 5/8 Murray with a bullish bias. In the H4 chart, we can see that gold made a recovery above 5/8 Murray, reached the top of the bullish channel, and is now falling. We hope that Gold can continue its rise and reach 2,345 in […]
For the GBP/USD pair, wave analysis remains quite complex but may become clearer in the coming weeks. A successful attempt to break through the Fibonacci level of 50.0% indicates the market’s readiness to build a downward wave 3 or c. If this wave does continue to develop, the wave pattern will become much simpler, and […]
Trade Analysis and Tips for Trading the Japanese Yen There were no tests of the levels I indicated in the first half of the day, which prevented market entry. Traders are counting on strong US statistics, which could continue the robust growth of the pair observed during the Asian session. Ahead of us are data […]
Trade Analysis and Tips for Trading the British Pound The test of the price at 1.2488 in the first half came at a moment when the MACD indicator had risen significantly above the zero mark, limiting the further upward potential of the pair. For this reason, I did not buy, as it was not advisable […]
Trade Analysis and Tips for Trading the European Currency The test of the price at 1.0726 in the first half of the day occurred when the MACD indicator had risen significantly above the zero mark, limiting the further upward potential of the pair. For this reason, I did not sell. After a short period, several […]
In my morning forecast, I focused on the level of 1.2478 and planned to make decisions based on it for market entry. Let’s take a look at the 5-minute chart and see what happened there. The breakout at 1.2478 occurred, but we never reached a downward retest, so I was left without entry signals. The […]
In my morning forecast, I pointed out the level of 1.0726 and planned to make decisions based on it for market entry. Let’s take a 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 15-point […]
The EUR/USD pair made a new turnaround in favor of the European currency on Wednesday, consolidating above the corrective level of 100.0%-1.0696. Thus, the growth process may continue today towards the next Fibonacci level at 76.4% (1.0764). The ascending trend channel characterizes the current sentiment of traders as bullish, but I remind you that the […]
On the hourly chart, the GBP/USD pair rebounded from the corrective level of 50.0% (1.2464) on Wednesday, but the downward process was short-lived. Bears retreated from the market again, and the British pound returned to the level of 1.2464. Holding the pair’s rate above this level increases the likelihood of continued growth towards the next […]
The GBP/USD currency pair also traded fairly calmly on Wednesday. Volatility has increased in recent days, which is encouraging because it makes it possible to trade and expect decent profits, at least on lower timeframes. Over the past few weeks, the pound has even formed a semblance of a downward trend, which is also encouraging […]
The EUR/USD currency pair showed no interesting movements on Wednesday. Business activity indices in the European Union and the United States provoked a significant dollar decline days earlier, although we did not expect such a strong market reaction. However, this “strong reaction” amounted to a total of 73 points of volatility for the pair, which […]
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 trading and tips on USD/JPY The price test of 154.98 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 upward trend. Although the bulls […]
Overview of trading and tips on GBP/USD The price test of 1.2451 in the afternoon occurred at a time when the MACD indicator had risen significantly above the zero mark, limiting the pair’s upward potential, especially in the absence of US data. Traders bought the pound in the morning, completely ignoring the report on 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 risen significantly above the zero mark, limiting the pair’s upward potential, especially since the test happened towards the end of the US session. For this reason, I did not enter the […]
Analyzing Wednesday’s trades: GBP/USD on 1H chart The GBP/USD pair continued to correct higher with low volatility. The market had no reason to buy the pound on Wednesday. The US report for durable goods was slightly better than forecasts. However, the pair is still going through a corrective phase, so the pound may continue to […]
Analyzing Wednesday’s trades: EUR/USD on 1H chart On Wednesday, EUR/USD went through low volatility and maintained a weak upward trend as indicated by the ascending channel. Throughout the day, traders could only focus on the US report on durable goods orders; however, the value of this indicator and its derivatives almost coincided with experts’ forecasts. […]
With the appearance of deviation between S&P 500 index price movement with Stochastic oscillator on the 4 hour chart, then in the near future, the index has the potential to appreciate upward to the level 5083,48. If this level successfully broken above, then the strengthening will still continue to the level 5104,66 as the main […]
On the 4 hour chart of EUR/USD main currency pairs,Fiber seems corrected strong and the weakness condition currently seems trying to break above the level 1,0715. If this level managed to break above, then the next level to be aimed is 1,0757. But please be careful because of the appearance of the Ascending Broadening Wedge […]
Bitcoin is trading around 64,249, bouncing off the bottom of the uptrend channel forming since April 18 and below the 21 SMA and 200 EMA, showing signs of exhaustion. On the H4 chart, we can see that Bitcoin was consolidating above $65,600 but failed to continue its uptrend. It began a strong technical correction below […]
EUR/USD Yesterday, the euro stalled at the signal-intermediate level of 1.0696 (February 14 low) and even closed above it with a daily candle. The Marlin oscillator’s signal line crossed above the linear resistance and consolidated. Now, there are two important target levels: 1.0724 and 1.0757. From a technical standpoint, the level of 1.0757 is intermediate […]
