In recent months, I have repeatedly stated the same thing: the Federal Reserve is not ready to lower rates in any particular month. In other words, there is no plan or schedule for interest rate cuts, nor can there be. I personally don’t understand where the forecasts for rate cuts in March and June came […]
The U.S. currency is finally starting to see some demand. The greenback surged after the inflation report for March showed that the Consumer Price Index rose 3.5% over the last 12 months. The market did not expect such a sharp increase in inflation and responded by buying the dollar. In fact, I already expected the […]
The EUR/USD fell after the U.S. inflation report showed that consumer prices picked up for the third consecutive month. The Consumer Price Index rose 0.4% from the previous month and the all-items index was up 3.5% over the last 12 months, both exceeding Bloomberg forecasts. The same applies to core inflation data. As a result, […]
Bitcoin is trading around $68,926, retracing after the attempt to break the strong resistance at $72,500. We are currently observing the formation of a bullish wedge pattern. Therefore, if there is a sharp break below this pattern, it could confirm a trend change and the price could accelerate its bearish move. A fall in BTC […]
ETH/USD is trading around 3,514 within the symmetrical triangle pattern, forming since March 6. On Sunday, ETH reached a high of 3,727, a level that coincided with the top of the symmetrical triangle. Now Ether is consolidating around the 21 SMA. So, we are likely to see a technical rebound in the coming hours or […]
EUR/USD Higher Timeframes Yesterday, the nearest resistance was tested (1.0884), but by the end of the day, the pair returned again to the support of the daily medium-term trend (1.0854). As a result, there were no significant changes in the main conclusions and expectations. The positions of the upward targets remained unchanged at 1.0884 – […]
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 Totay’s […]
Hi, dear traders! On the 1-hour chart, the GBP/USD pair rose to the resistance zone of 1.2705–1.2715 and rebounded from it on Tuesday. The instrument made a reversal in favor of the US dollar. This allows us to expect some decline in the direction of the support zone of 1.2584–1.2611. If the price settle above […]
Analyzing Tuesday’s trades: GBP/USD on 1H chart The GBP/USD pair continued its upward movement, which began last week after traders failed to break out of the 1.25-1.28 sideways channel. An ascending trend line was formed, and according to the laws of the flat, the price may now move towards the upper boundary of the sideways […]
Analyzing Tuesday’s trades: EUR/USD on 1H chart EUR/USD tried to continue its upward movement, although it had no substantial reason to do so (neither fundamental nor macroeconomic). Yesterday, there were absolutely no reports, news, or speeches. Volatility was low again, but even in such conditions, the euro continued to edge up. From a technical perspective, […]
EUR/USD The euro continues to jump this week, as the European Central Bank meeting is set to take place tomorrow. The price has not yet reached the MACD line on the daily chart. Perhaps this was influenced by the Marlin oscillator, which moved down from the zero line. At the moment, the price is slightly […]
GBP/USD Yesterday, the British pound managed to consolidate above the embedded green channel line. But at the same time, the price remains below the balance indicator line, which tells us about the corrective nature of the pound’s highly volatile movements. The signal line of the Marlin oscillator stopped rising at the border of the uptrend […]
AUD/USD On Tuesday, the Australian dollar managed to break away from the daily MACD line and was able to rise above the target level of 0.6627. This morning, the price is staying exactly at this level, while the Marlin oscillator is slightly moving downwards. Good prospects lie ahead: 0.6690, 0.6730, 0.6780, 0.6874. Tomorrow’s European Central […]
On Tuesday, ahead of the release of key inflation data, the Nasdaq and S&P 500 indices showed moderate growth, despite a decline in the financial sector. This happened ahead of the reporting season for leading US banks, which begins on Friday. The Nasdaq Composite, supported by strength in semiconductors, posted a notable gain, while the […]
EUR/USD pair is trading around 1.0852, below the strong resistance of 4/8 Murray located at 1.0864, and below the 21SMA located at 1.0859 showing signs of exhaustion. On the H1 chart, we can see the formation of a symmetrical triangle pattern which makes us think that the euro could be trading within this pattern between […]
Gold is trading around 2,348, bouncing after having reached a daily low of around 2,338. Yesterday during the European session, gold reached a new high at 2,365 and from this level, it made a technical correction. However, the bullish force is still prevailing. So, if the technical rebound continues in the next few hours, the […]
Gold is trading around 2,346.43, retreating after reaching a new high of 2,365.54. This area below 2,375 is considered strong resistance since there is 6/8 Murray, a weekly and monthly resistance. A strong technical correction is expected to occur in the next few hours as we observe the formation of a Doji candle pattern which […]
Despite increased demand for riskier assets, the European currency’s bullish run is expected to be limited shortly. The primary reason for this scenario is that ECB officials are gradually preparing for the first interest rate cut, which could occur as early as June this year, especially amid rapidly slowing inflation. Despite increased demand for riskier […]
The euro-dollar pair continues to hold within the range of the 8-figure as it awaits key events of the week. Following yesterday’s decline, the price has returned to previous positions. However, one should approach the current price fluctuations with a considerable degree of skepticism, as the outcomes of the ECB’s April meeting and (especially) the […]
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 Totay’s […]
Potential for the breakout on USD/JPY The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – Gold shines bright, yen knocks on… April 9, 2024 Gold prices remain near record highs – is the rally…Trading plan for GBP/USD on April 9. Simple tips for… April 9, 2024 Analyzing Monday’s trades:GBP/USD on […]
Analyzing Monday’s trades: GBP/USD on 1H chart The GBP/USD pair edged up on Monday, which doesn’t mean anything significant for the technical picture. Take note that the main point is the flat on the 24-hour timeframe. Not long ago, the price reversed near the lower boundary of the sideways channel at 1.25-1.28, so now, over […]
Analyzing Monday’s trades: EUR/USD on 1H chart EUR/USD returned to its usual mode of movement amid low volatility. In general, if we regularly observe low volatility even on days when there is a strong fundamental background, then what can we possibly say about Mondays, when there are usually no news or reports? Yesterday, the German […]
EUR/USD Yesterday, market sentiment among speculators was neutral; S&P 500 -0.04%, Nasdaq 0.03%. German industrial production increased 2.1% in February against expectations of 0.6%, and the Eurozone Sentix Investor Confidence Index rose from -10.5 in March to -5.9 in April. As a result, the euro expanded its consolidation range in anticipation of the European Central […]
GBP/USD Yesterday, the pound sterling rose to the resistance area of the embedded descending price channel and the daily balance indicator line. In today’s Pacific session, the price thought about its ability to rise while being below the balance line and with the Marlin oscillator in negative territory. In such a situation, along with a […]
USD/JPY The USD/JPY pair covered the entire range of target levels 150.80-151.95 in two days. On Friday, the price turned upwards from the balance line (red moving average) and from the level of 150.80. This morning, the upper boundary of the range and the embedded line of the global price channel (blue) have been tested. […]
EUR/USD Higher Timeframes On the first day of the new trading week, bullish players showed notable activity. They managed to close the day above the daily medium-term trend (1.0854). The following upside targets for today can be noted at 1.0884 – 1.0899 – 1.0918. Breaking through these daily and weekly resistances will allow for considering […]
The Bitcoin exchange rate has significantly strengthened after a series of corrections last week. The latest price movement pushed the main cryptocurrency above the critical resistance zone, instilling optimism among investors ahead of the upcoming halving. Analysts at CryptoQuant emphasize that the rise in the price of Bitcoin above the $72,000 mark is explained by […]
Tug of war. This is what the doves and hawks of the ECB are engaged in. This is what EUR/USD is involved in. On the side of the U.S. dollar are fewer expected rate cuts to the federal funds rate in 2024 than investors anticipate, a stronger U.S. economy, and the risks of Donald Trump’s […]
The wave analysis for the GBP/USD pair remains quite complex. For several months now, we have been observing movements between the 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 understandable in order to work with it. […]
