GBP/USD Yesterday, the British pound made another attempt, after Wednesday’s rise, to start an upward movement, but it was impossible to surpass the Wednesday high. And this morning, the price broke below the support level at 1.2427. Up to this point, the Marlin oscillator has not been eager to help the price; it’s been busy […]
USD/JPY Since the USD/JPY pair has surpassed the resistance level of 154.25, it has consolidated above this mark for three days. However, although the price is above the level of 154.25, it could not stay above the embedded line of the price channel (154.50) at this time, especially with the Marlin oscillator declining. As a […]
From what wee seen on the 4 hour chart of Litecoin cryptocurrency, we can conclude that currently still inside the selling pressure where this weakness confirmed by the Death Cross of MA 20 which is under MA 200, as well as the appearance of Rising Wedge pattern as well as Stochastic Oscillator indicator which managed […]
Although currently on the 4 hour chart Polkadot Cryptocurrency is inside the selling pressure where this is confirmed by MA 20 which is below MA 200 (Death Cross) as well as Stochastic Oscillator which is on the overbought level, but with the MA 20 condition in the middle of candle body as well as the […]
As we have already discussed, it no longer makes sense to expect a rate cut from the Federal Reserve. The latest Consumer Price Index report showed that inflation exceeds the target mark by almost twice. It will take at least 5-6 months for inflation to slow down to at least 2.5%. And only then will […]
This week has been quite dull, although both FOMC and ECB members made several important statements. The euro saw demand on Wednesday, but this was clearly a correction. Last week, the euro lost enough ground so at least it could execute some kind of upward movement. However, the overall wave structure has not changed just […]
The more we hear positive news from the US economy, the more the market becomes convinced that EUR/USD is moving towards parity. Societe Generale says that if the Federal Reserve does not lower the federal funds interest rate in 2024, the currency pair will plummet to at least 1.05. In this case, consistently low initial […]
The wave analysis of the GBP/USD pair remains quite complex but may become simpler in the coming weeks. A successful attempt to break the Fibonacci level of 50.0% indicates the market’s readiness to build a downward wave 3 or C. If this wave continues its formation, the wave pattern will become much simpler, and the […]
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 within wave 3 or C from the downward trend section. If this is indeed the case, the decline in quotes will continue for quite some time, as the first wave […]
Trade Analysis and Advice for the Japanese Yen The test of the price at 154.45 occurred when the MACD indicator had significantly risen from the zero mark, limiting the upward potential of the pair. For this reason, I refrained from buying, and it was the right decision. As a result, there was no continuation of […]
Trade Analysis and Advice for the British Pound The test of the price at 1.2463 in the first half of the day coincided with the beginning of the MACD indicator’s downward movement from the zero mark, confirming the correct entry point for selling the pound. However, the pair did not decline, and trading remained within […]
Analysis of Deals and Trading Tips for the European Currency The test of the price at 1.0675 in the first half of the day occurred when the MACD indicator had moved significantly down from the zero mark, limiting the further downward potential of the pair, especially within the recent upward correction we have been observing. […]
In my morning forecast, I pointed out the level of 1.2447 and planned to make trading decisions based on it. Let’s look at the 5-minute chart and analyze what happened there. The pair’s decline occurred, but the update of 1.2447 did not happen. Low market volatility and the absence of important statistics from the UK […]
Early in the American session, the EUR/USD pair is trading around 1.0660, within an uptrend channel forming since April 14, above the 2/8 Murray, and above the 21 SMA. This gives us the idea of a bullish advance in the coming days. During the European session, the euro reached the top of the uptrend channel. […]
Bitcoin drops to its lowest in six weeks, a tad below $60,000 Geopolitical tensions and slower rate cuts weigh on cryptos Focus shifts on halving event expected between April 19 and 20 Bitcoin dips as market turn risk-off This has been a harsh week for Bitcoin, which has not yet been able to find […]
BTC/USD is trading around $61,927, below the downtrend channel, and bouncing after reaching the low of $59,619, a level that coincided with the area of 3/8 Murray. On the H4 chart, we can see that Bitcoin has been under strong downward pressure since April 11. Only a sharp break above this channel could change the […]
On the hourly chart, the GBP/USD pair continued to trade horizontally on Wednesday. The Fibonacci level of 50.0%–1.2464 is currently being ignored by traders as a new sideways channel has formed. This channel is small, but the pair may spend some time there. Trading signals should not be sought around the level of 1.2464. The […]
Gold is trading around 2,381, above the 21 SMA, and above 6/8 Murray. Technically, gold could continue its rise in the coming days if it consolidates above 2,375. The metal could trade within the uptrend channel and could reach 7/8 Murray located at 2,437. In case gold breaks and consolidates below the uptrend channel forming […]
Netflix stock continues to consolidate as Q1 earnings awaited Strong support seen at 50-day SMA Netflix stock has been consolidating for much of April after prices reached a more than two-year high of 636.82 at the start of the month. The downward drift has pushed the stock below its 20-day simple moving average (SMA), […]
GBPUSD rebounds off 1.2405 Price remains beneath trading range Bearish in the short-term view GBPUSD is rising after the pullback near the 1.2400 level but remains in a short-term bearish tendency. The technical oscillators are showing some mixed signs. The MACD is extending its negative momentum beneath its trigger and zero lines; however, the stochastic […]
154.80 is the new price ceiling for USD/JPY. On the wave of the dollar rally, buyers twice approached this resistance level (which, by the way, corresponds to the upper line of the Bollinger Bands indicator on the D1 timeframe) and pulled back twice. However, this does not mean that traders are afraid of the 155 […]
In my morning article, I paid attention to the level of 1.0686 and planned to make decisions on entering the market from there. Let’s look at the 5-minute chart and discuss what happened there. The growth and a false breakout in the area of 1.0686 produced a sell signal, which was never fully realized. Having […]
Recently, the US dollar has not been particularly popular among traders, who have shifted their focus to more attractive risk assets. However, this situation could end as quickly as it began. Obviously, following the latest US inflation data, the Federal Reserve’s course will now change as rapidly as prices do. Yesterday, Cleveland Federal Reserve Bank […]
BTCUSD falls temporarily below 60,000 ahead of halving Momentum indicators point to intensifying downside pressures BTCUSD (Bitcoin) experienced a strong pullback following the formation of a triple top pattern, sliding below its 50-day simple moving average (SMA). Meanwhile, the price dropped to a fresh six-week low a tad beneath the 60,000 psychological mark, just a couple of days ahead of […]
EURUSD rebounds off 5-month low near 1.0600; remains beneath symmetrical triangle US 500 index plummets to 2-month low, creating bearish correction WTI crude oil dives for the sixth consecutive day Related Posts:Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024 AUDJPY prints higher highs and higher lows above uptrend line…Technical […]
AUDJPY prints higher highs and higher lows above uptrend line MACD and RSI detect positive momentum A break above 100.80 will confirm a higher high For the outlook to change, a break below 95.80 may be needed AUDJPY pulled back lately, after it hit resistance at around 100.80 on April 9. However, the pair remains above […]
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 Today’s […]
Potential for the further drop on BTCUSD The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – US dollar on the back foot as nervousness… April 18, 2024 Euro edges higher despite continued hawkish commentary from Fed officials…Hot forecast for EUR/USD on April 18, 2024 April 18, 2024 In the absence […]
WTI oil futures complete bearish triangle pattern after Wednesday’s drop Bullish pressures could still resurface as long as the price holds above 81.50 WTI oil futures tumbled by 2.8% to 82.84 on Wednesday, experiencing one of their biggest daily losses so far this year after a short-period of consolidation. The price slid below the […]
Euro edges higher despite continued hawkish commentary from Fed officials Geopolitical developments cast doubt on ECB June rate cut Yen fails to make considerable gains as market looks to Friday’s CPI data Dollar is on the back foot today Euro/dollar is rising today after testing the 1.06 level. The combination of dovish commentary from the […]
