Analyzing Friday’s trades: EUR/USD on 1H chart EUR/USD resumed its sharp downward movement on Friday, although this time there were no macroeconomic reasons behind it. The euro started to fall on Wednesday after the US inflation report was released. The Consumer Price Index accelerated to 3.5%, putting an end to the market’s expectations of a […]
From 1.20 to parity. The euro started 2024 from the $1.10 mark after an impressive 5.6% rise in the fourth quarter. Among the bulls on EUR/USD, there was euphoria associated with expectations of 6-7 rate cuts by the Federal Reserve. It was believed that the ECB would follow the Fed, making the U.S. dollar extremely […]
ETH/USD is trading around 3,478, having a technical correction as it is trading within the symmetrical triangle pattern. We are likely to see a further bearish movement until the token reaches the bottom of this pattern around 3,437. Ether could trade within the symmetrical triangle pattern in the coming days until a sharp break occurs […]
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we observe the formation of the presumed wave 3 in 3 or c of the downtrend. If this is indeed the case, the decline in quotes will continue for a very long time, as the first wave of this […]
The wave analysis for the GBP/USD pair remains quite complex. For several months now, we have observed movements between Fibonacci levels of 50.0% and 23.6%. Horizontal movement is not the best for wave analysis. As I have already noted, the wave pattern should be simple and clear to work with. Currently, there needs to be […]
The euro is trading around 1.0635 under strong bearish pressure and showing signs of exhaustion. We expect the EUR/USD pair to reach -2/8 Murray located at 1.0620, a level which coincides with the bottom of the downtrend channel and which is seen as good support. The bears aim to pressure the euro up to 1.0500. […]
In my morning forecast, I paid attention to the level of 1.2511 and planned to make decisions on market entry based on it. Let’s look at the 5-minute chart and analyze what happened there. The decline and the formation of a false breakout there led to a signal to buy, which resulted in the pair’s […]
In my morning forecast, I pointed out the level of 1.0701 and planned to make decisions on market entry based on it. Let’s take a look at the 5-minute chart and analyze what happened there. The breakout at this level occurred, but I never saw a bottom-up retest, eventually missing all the downward movement of […]
EUR/USD Higher Timeframes The decline continues. Yesterday, after testing the low at 1.0696, the bears corrected slightly, but by now, this low has already been updated. The next target at the moment is the monthly support at 1.0611. In the current conditions, the monthly support level does not have a horizontal layout, which is a […]
The euro-dollar pair has today conquered the sixth figure. Sellers of EUR/USD have updated a four-month price low, and it seems they are not going to stop there. If the bears establish themselves below the support level of 1.0680 (the lower line of the Bollinger Bands indicator on the weekly chart), then the next target […]
On Thursday, the EUR/USD pair continued its downward trend towards the corrective level of 0.0% (1.0696). Consolidation of quotes below this level will increase the probability of a further decline in the euro and signify the continuation of the “bearish” trend. A rebound of the pair’s rate from the level of 1.0696 is unlikely to […]
On the hourly chart, the GBP/USD pair returned to 1.2517 on Thursday and experienced a new rebound from this level. A reversal in favor of the British pound was executed, but it failed to show significant growth. Today, the pair’s quotes are once again trying to return to the level of 1.2517. Consolidating the pair’s […]
Analysis of transactions and trading tips on EUR/USD Further decline became limited because the test of 1.0702 occurred during the sharp drop of the MACD line from zero. CPI data in France and Germany coincided with forecasts, indicating that everything proceeds according to the plan of the ECB. In fact, it said it intends to […]
Analysis of transactions and trading tips on USD/JPY Further growth became limited as the test of 153.34 coincided with the sharp rise of the MACD line from zero. Considering that the pair trades near the yearly high and recently there have been significantly fewer willing to increase long positions, any unsuccessful attempt at growth may […]
Analysis of transactions and trading tips on GBP/USD The test of 1.2529 took place at a time when the MACD line moved downward from zero. This provoked a sell signal, which led to a price decrease of over 40 pips. Sluggish GDP growth in the UK prevented buyers from maintaining their positions, so after pound […]
CPI numbers due in the UK and Japan. China to also come into the spotlight as Q1 GDP eyed. US retail sales to kickstart the week as earnings season gets underway. 0:00 Intro 0:20 UK CPI and pound 3:15 US retail sales and dollar 4:46 China GDP 5:57 Japanese CPI and yen For more information on the […]
GBPUSD slips below trading range MACD and RSI indicate more losses Is it time for a bearish retracement? GBPUSD is falling from the long-term consolidation range of 1.2520-1.2820, meeting the 1.2495 support level. The pair is posting a new five-month low, suggesting that more decreases may be on the cards. According to technical oscillators, the […]
Bitcoin trades sideways after posting 3-week high on Monday Cryptos seem resilient to expectations of fewer rate cuts Spot Bitcoin ETFs could soon get approval in Hong Kong Halving to occur next week, will it be a sell-the-fact event? Bitcoin stable around all-time highs Bitcoin has been in a steady upside trajectory since the […]
CPI numbers due in the UK, Japan, Canada and New Zealand China to also come into the spotlight as Q1 GDP eyed US retail sales to kickstart the week as earnings season gets underway CPI figures to headline UK data flurry After yet another hot CPI report in the United States, inflation data will remain […]
What will happen with Bitcoin? The answer to this question depends on whether you have this cryptocurrency in your wallet or not. According to a survey of 3,600 consumers conducted by Deutsche Bank, by the end of this year, BTC/USD quotes will fall below 20,000, which is approximately 50,000 lower than the market price. 38% […]
As US CPI comes hotter than expected EURUSD tumbles After ECB interest rate decision EURUSD continues the fall Where is the next stop for the pair? How did EURUSD reacted after the US CPI release on Wednesday and the ECB interest rate decision on Thursday? EURUSD fell more than 100 pips after the US CPI […]
US retail sales will hit the markets at 12:30 GMT Monday Early Easter holiday likely boosted consumer spending Another solid dataset could put more wind in the dollar’s sails US economy outperforms By most indications, the US economy finished the first quarter on a high note. Incoming data point to a robust labor market, […]
GBPUSD prints new low for this year Bearish continuation is likely below 1.2480-1.2500 GBPUSD suffered a freefall in the face of hotter-than-expected US CPI inflation data on Tuesday and dropped to a new low of 1.2504 on Friday, retracing back to December’s lows and to the bottom of a broader range area. Despite the […]
Dollar takes a breather, but Fed bets remain unchanged Euro suffers as ECB points to June rate cut Yen intervention warnings intensify S&P 500 and Nasdaq rebound, gold hits fresh record high Fed officials say rate cut not imminent The US dollar pulled back against most of its major peers yesterday, taking a breather following […]
The main outcome of the European Central Bank’s meeting clarified the timing of the monetary easing cycle. The first interest rate cut is planned for June. Overall, this aligns with market expectations, so the euro did not sharply drop. Especially considering that the single currency is already significantly oversold locally. Nevertheless, the dollar will gradually […]
Analysis of transactions and tips for trading USD/JPY Further decline became limited as the test of 152.86 coincided with the sharp drop of the MACD line from zero. Shortly after, another test occurred, and this time the MACD line went within the oversold area, provoking a buy signal. This led to a price increase of […]
Analysis of transactions and tips for trading GBP/USD The test of 1.2552 took place at a time when the MACD line moved upward from zero. This provoked a buy signal, which led to a price increase of 15 pips. The market ignored the data on lending conditions in the UK, as well as the speech […]
Analysis of transactions and tips for trading EUR/USD The test of 1.0726 occurred during the drop of the MACD line from zero. This provoked a sell signal, which led to a price decrease of over 25 pips. The ECB left interest rates unchanged, but hinted that there may be cuts starting June if inflation continues […]
USDCAD trades higher again, tests strong resistance level It is the bulls’ first attempt to break above the current trend channel Momentum indicators are mixed with a possible bearish divergence developing USDCAD is trading higher again today, recording its fourth consecutive green candle and reaching a new 5-month high. USDCAD is trying to break decisively […]
EUR/USD Our expectations of a “soft surprise” from the European Central Bank did not materialize. Not only did the ECB keep its interest rate unchanged, but the Bank also maintained a neutral tone in its accompanying statement, including comments from ECB President Christine Lagarde, despite a steady decline in inflation. As a result, the price […]
