On the hourly chart, the GBP/USD pair executed a new reversal in favor of the American currency on Monday, with consolidation below the corrective level of 38.2% (1.2453). Thus, the process of the quotes’ decline may continue toward the next level at 1.2370. Consolidation of the pair’s rate above the level of 1.2453 would benefit […]
EURCHF remains beneath uptrend line MACD and RSI momentum weakens EURCHF is recovering some losses after the bearish gap that opened on Monday, remaining beneath the steep rising trend line. The pair may be ready for a bearish correction, mirrored by the technical oscillators. The RSI is flattening beneath the neutral threshold of 50, while the MACD is […]
JP 225 index pulls back from its all-time high Drops below 50-day SMA to face March support Momentum indicators are skewed to the downside The JP 225 index (cash) has been experiencing a downside correction after posting a fresh all-time high of 41,147 on March 21. In the near term, the price has declined beneath its 50-day simple moving average (SMA), […]
Surging US retail sales dampen Fed rate cut expectations Wall Street sinks, dollar scales fresh highs as yields jump China GDP beat offers only tepid support as March data disappoints Yen continues to tumble, risk of intervention grows The problem with a hot economy As markets awaited Israel’s response to Iran’s missile and drone assault […]
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 yesterday’s trading and tips on GBP/USD The test of 1.2475 in the afternoon came at the time when the MACD indicator was just beginning to move down from the zero mark, which confirmed the correct entry point to sell the pound, especially after strong retail sales data from the US. The news that […]
Overview of yesterday’s trading and tips on EUR/USD The price test of 1.0646 in the afternoon occurred at a time when the MACD indicator was just beginning to move down from the zero mark, which confirmed the correct entry point to sell the euro. As a result, the pair fell further along the trend by […]
Iran launches strikes against Israel, but markets don’t panic Traders seem hopeful this won’t escalate into full-blown war How Israel responds will be crucial for risky assets and oil prices Political theater? Tensions in the Middle East reached boiling point over the weekend after Iran launched drone and missile strikes against Israel, in retaliation […]
GBPUSD inches down to a new five-month low An extension below 1.2400 could generate fresh selling interest GBPUSD tried to breach the psychological barrier at 1.2500 and re-establish itself within the 1.2488-1.2892 range. But its efforts proved unsuccessful, with the pair charting a new lower low of 1.2405 during Tuesday’s early trading hours […]
Volatility remains extremely high across the FX spectrum Commodities volatility reaches new highs; Bitcoin poised for smaller moves Equities volatility is off the charts led by the S&P 500 and DAX 40 indices Volatility in EUR/USD remains very high as the pair recorded a decent weekly drop following the stronger US CPI data. Geopolitical events […]
AUDUSD extends slide after breaking lower bound of range MACD and RSI detect bearish momentum Break below 0.6390 could aim for 0.6335 Recovery above 0.6500 could signal return within range AUDUSD extended its tumble on Monday and during the Asian session Tuesday, falling below the key support barrier of 0.6455. On Friday, the pair broke […]
Potential for the bigger drop on NAS100 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Hot forecast for EUR/USD on April 16, 2024 April 16, 2024 Not only has the apparent divergence in the future actions…XM 2024 Ramadan Promotion Winners April 16, 2024 We are happy to announce the winners of our […]
Not only has the apparent divergence in the future actions of the European Central Bank and the Federal Reserve literally set the euro on a path towards parity with the dollar, but now the economic reports are also mounting pressure on the single currency. And this is despite the fact that industrial production in the […]
EURUSD challenges new 5-month low Penetrates symmetrical triangle to the downside MACD and RSI continues bearish momentum EURUSD has been losing more than 2.5% since the pullback from the 1.0880 resistance level and is challenging a new five month low around the 1.0600 handle. The market has been experiencing a strong sell-off over the last […]
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EUR/USD Higher Timeframes The bears have started testing the monthly support level (1.0611). The outcome may determine the possibilities for movement. The next support level after breaking the current one (1.0611) will be the lower boundary of the weekly cloud (1.0503). In the event of a rebound, the first resistance may be provided by the […]
Analysis of macroeconomic reports: There are quite a few macro events scheduled for Tuesday, but there are hardly any important points. In the European Union, the economic sentiment indices from the ZEW Institute for the euro area and Germany may provide impetus to traders. While these reports are considered important, the market either shows a […]
After a three-day decline, the GBP/USD currency pair started an upward correction on Monday. The correction, as well as the pair’s volatility during the day, was weak. If we exclude Wednesday and Friday of last week, the pound’s volatility has remained quite low for over two months, greatly hindering trading. However, important events will also […]
Analyzing Monday’s trades: GBP/USD on 1H chart The GBP/USD pair also tried to start a minor bullish correction on Monday, but the downward movement resumed in the second half of the day. Take note that a significant event occurred last week – the pair left the 4-month sideways channel and may now begin forming a […]
Analyzing Monday’s trades: EUR/USD on 1H chart EUR/USD returned to its favorite style of movement over the past few months – low volatility. However, take note that the downtrend persists, the bullish correction after the three-day slump was quite weak, and by the end of the day, the euro depreciated even further. Thus, the market […]
The EUR/USD currency pair traded again on Monday in a sluggish, low-volatility mode after the crazy second half of last week. Naturally, the market calmed down after the US inflation report, which showed an increase of 3.5%. Recall that inflation is the main indicator for the Fed when determining monetary policy. Neither market expectations, expert […]
EUR/USD Yesterday, the US retail sales data fueled the dollar’s strength. Retail sales rose a seasonally adjusted 0.7% in March against a forecast of 0.4%, and the February figure was revised upward to 0.9%. The Atlanta Federal Reserve upgraded its estimate for the annualized rate in first quarter GDP growth from 2.4% to 2.8%. There […]
GBP/USD Yesterday, the British pound rebounded from the support level of 1.2427 by 60 pips, but the attempt was thwarted, and the GBP/USD pair closed the day down by 3 pips. This morning, the price is attempting to break below the support level of 1.2427. The signal line of the Marlin oscillator has settled in […]
AUD/USD The Australian dollar has settled below the balance and MACD indicator lines. This morning, it has comfortably moved within the range of 0.6410/80. The signal line of the Marlin oscillator has left the descending channel and is moving downwards. Now we just need to wait for the price to consolidate below 0.6410, so it […]
Analysis of GBP/USD 5M GBP/USD tried to start a bullish correction, but it was a minor movement. It seems strange to talk about the pound failing to show growth. Over the past 6-8 months, the British pound has been rising left and right. However, the 4-month flat has finally ended, and now the pair is […]
Analysis of EUR/USD 5M No notable movements on Monday. There were few news releases, but there was still something. However, the market did not find anything interesting, considering only the retail sales report in the United States to be more or less important. But let’s go in order. The EU industrial production for February was […]
For over six months, the market has been discussing potential interest rate cuts in the UK, US, and the European Union. None of the central banks have implemented any rounds of monetary easing yet, as discussions are still ongoing. Probably, there would be much fewer talks about rates if central bank policy makers didn’t provide […]
Gold is trading around 2,332, bouncing above the 200 EMA located at 2,328, and within a downtrend channel forming on the H1 chart. Gold could find a good technical bounce around 2,330. This move would be seen as an opportunity to buy with the target at the top of the bearish channel around 2,350. A […]
Potential for the further rally on USD/JPY The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals for GOLD (XAU/USD) for April 15-17, 2024:… April 15, 2024 Gold is trading around 2,332, bouncing above the 200 EMA…Trading Signals for GBP/USD for April 15-17, 2024: buy above… April 15, 2024 The British pound […]
The British pound is trading around 1.2483 reaching the top of the downtrend channel on the H1 chart forming since April 10. If the British pound breaks and consolidates above the psychological level of 1.25, we could expect it to return towards the 2/8 Murray where the 200 EMA is located, both at 1.2573. This […]
