EUR/USD and GBP/USD trading plan for beginners on May 12, 2023

Details of the economic calendar on May 11 The Bank of England, following the Federal Reserve and the European Central Bank, has indeed raised the rate by 25 basis points to 4.5%, although 2 board members voted for a pause. According to the regulator, the trajectory of demand will be “significantly stronger” than previously assumed. […]

Stock Trkr
Three Reasons to Sell Bitcoin

There is only one step from the sublime to the ridiculous. After a 72% surge from January to April, Bitcoin became an underperformer in May. It is losing to stocks, bonds, and commodity market assets. At the same time, the decreasing correlation with U.S. stock indices indicates difficulties within the crypto system. And indeed, such […]

Stock Trkr
Technical Analysis of Daily Price Movement of Ripple Cryptocurrency, Friday May 12 2023.

If we Pay attention on the daily chart of Ripple cryptocurrency then Ripple seems move inside Bearish bias. It’s clearly seen by: 1. Its price movement inside the downside channel. 2. The appearance of Bearish 123 pattern followed by the penetration from a few of Bearish Ross Hook. 3. Price movement which moved below its […]

Stock Trkr
Indicator analysis: Daily review of GBP/USD on May 12, 2023

Trend analysis (Fig. 1). The market may move upward from the level of 1.2507 (closing of yesterday’s daily candle) with the target of 1.2582, the historical resistance level (blue dotted line). Upon reaching this level, a downward movement is possible with the target of 1.2550, the 38.2% pullback level (blue dotted line). Fig. 1 (daily […]

Stock Trkr
Indicator analysis: Daily review of EUR/USD on May 12, 2023

Trend analysis (Fig. 1). The market may move upward from the level of 1.0914 (closing of yesterday’s daily candle) to 1.0977, the 38.2% pullback level (red dotted line). When testing this level, a downward movement is possible. Fig. 1 (daily chart). Comprehensive analysis: Indicator analysis – up; Fibonacci levels – up; Volumes – up; Candlestick […]

Stock Trkr
BTC update for May 12,.2023 – Downside breakout of the defined trading range

Technical analysis: BTC/USD has been trading downside and I found breakout of the multi week trading range, which is sign that sellers are in control. Due to the breakout of the multi week trading range and no signs for the reversal, I see potential for the further downside movement towards lower reference. Downside objective is […]

Stock Trkr
GBPUSD analsysis for May 12 , 2023 – Rejection of the key support at 1.2500

Technical analysis: GBP/USD has been trading downside after the yesterday economic data in US but I see that key support at the price of 1.2500 is on the test and that there is the chance for the upside rejection. Due to the strong long time-frame upside trend and test-reject of the key support zone, I […]

Stock Trkr
Hot forecast for EURUSD on 12/05/2023

Yesterday, everything revolved exclusively around the meeting of the Board of the Bank of England, the results of which were the reason for the sharp weakening of the single European currency. More precisely, the pound was falling, and through the dollar index, it already pulled other currencies with it. And it’s not so much about […]

Stock Trkr
Analysis and trading tips for GBP/USD on May 12

Analysis of transactions and tips for trading GBP/USD The test of 1.2595 coincided with the time that the MACD line had just started to move above zero, which was a good reason to buy. However, there was no price increase even after the Bank of England raised interest rates. Sometime later, there was another test, […]

Stock Trkr
Analysis and trading tips for EUR/USD on May 12

Analysis of transactions and tips for trading EUR/USD The test of 1.0940 happened when the MACD line was already far from zero, so the upward potential was limited. Sometime later, there was another test, but this time the MACD line was in the overbought area, so bears manage to educe a price decrease of over […]

Stock Trkr
Technical Analysis of ETH/USD for May 12, 2023

Crypto Industry News: Real estate remains the preferred long-term investment asset, according to the latest Gallup poll. However, they are falling significantly from last year’s record high of 45% to 34% in 2023. “Higher interest rates over the past year have cooled the housing market, dampening consumer enthusiasm for real estate as an investment,” the […]

Stock Trkr
Technical Analysis of BTC/USD for May 12, 2023

Crypto Industry News: Mining company Hut 8 Mining (HUT) saw first-quarter revenue fall more than -64% to CAD 19 million ($14.16 million) year-over-year. Previously, the company was forced to shut down some machines due to a dispute with its energy supplier. Revenue fell -13% from the previous quarter, which was below analysts’ expectations. The company […]

Stock Trkr
Technical Analysis of GBP/USD for May 12, 2023

Technical Market Outlook: The GBP/USD pair has made another new swing high at the level of 1.2678, so the key technical resistance located t 1.2666 was broken. After the new swing high was made, the Bearish Engulfing candlestick pattern was made at the top of the move, so the market pulled-back and keeps moving lower […]

Stock Trkr
Technical Analysis of EUR/USD for May 12, 2023

Technical Market Outlook: The EUR/USD has fallen out from the Falling Wedge pattern on the H4 time frame chart of EUR/USD and hit the local lows at the level of 1.0901. The local bounce from the lows is shallow and bulls want to test the intraday technical resistance located at 1.0943. The key short-term technical […]

Stock Trkr
Trading plan for EURUSD for May 12, 2023

Technical outlook: EURUSD continued its drop further and printed an intraday low around 1.0900 during the New York session on Thursday. The single currency pair is seen to be trading close to 1.0930 as intraday resistance looms close to the 1.0960-75 area. The bears are looking poised to be back in control soon and drag […]

Stock Trkr
Overview of the GBP/USD pair on May 12. The pound finally collapsed thanks to Andrew Bailey

The GBP/USD currency pair finally began to fall on Thursday. It had been rising for over two months straight without correcting itself. While the growth may not have been the strongest in recent days and weeks, it was still stable. However, Chairman Andrew Bailey gave a speech after announcing the Bank of England meeting’s results […]

Stock Trkr
USDCHF, H4 | Potential bounce from 1st support?

The current momentum of USD/CHF is strongly bullish. However, in the short term, there is a possibility of a further drop towards the 1st support before a potential rebound towards the 1st resistance. Positioned at 0.8906, the 1st support level is considered a pullback support, indicating it could serve as a point for price to […]

Stock Trkr
Forecast for EUR/USD on May 12, 2023

EUR/USD The market is tired of playing cat and mouse with investors and did what it had to do according to the main scenario – it reached the support level of 1.0908 – the embedded line of the global descending price channel. Automatically, the price ended up below the MACD indicator line (daily), this helps […]

Stock Trkr
Forecast for GBP/USD on May 12, 2023

GBP/USD After sharply falling on Thursday, we have confirmed the divergence with the Marlin oscillator, we saw a price reversal with the intention to move into a medium-term decline. The final sign is when it crosses the MACD line (1.2404). The Marlin oscillator has settled on a downward movement, the pound can quickly reach the […]

Stock Trkr
Forecast for AUD/USD on May 12, 2023

AUD/USD The AUD/USD pair broke through a strong support in the area of 0.6730 (the price level and the MACD line on the daily chart) and fell sharply. The signal line of the Marlin oscillator has reached the zero line, but has not yet crossed it. If there is a reversal of this line, then […]

Stock Trkr
The US stock market closed mixed, with the Dow Jones falling by 0.66%

Investors also paid attention to macrostatistics. The number of initial claims for unemployment benefits in the US for the week ending May 6th increased by 22,000 from the previous week’s figure, to 264,000. Analysts had expected the figure to increase only to 245,000. At the time of closing on the New York Stock Exchange, the […]

Stock Trkr
Technical analysis of AUD/USD for May 11, 2023

Overview : The weekly pivot point has already set at the point of 0.6724 so as to form a major resistance today. The AUD/USD pair has faced strong resistance at the levels of 0.6724 because support had become resistance since a week. So, the strong resistance has already formed at the level of 0.6724 and […]

Stock Trkr
Trading plan for EUR/USD on May 12. Simple tips for beginners

Analysis of Thursday trades EUR/USD 30M Chart On Thursday, the EUR/USD currency pair continued moving downward. With only a few news events affecting the European and American currencies, the focus turned to concerns that the pound could potentially drive the euro up or down. Ultimately, this proved true, although the pound experienced a significantly sharper […]

Stock Trkr
GBP/USD: downside movement activated

GBP/USD Crashed As Expected! The GBP/USD pair registered a strong drop and now is trading at 1.2501 at the time of writing. You knew from yesterday’s analysis that the price action signaled that the uptrend ended and that the sellers could force it to drop. As you can see on the H1 chart, the rate […]

Stock Trkr
Ethereum in buying zone

The price of Ethereum crashed in the short term and now is trading at 1,808 at the time of writing. Technically, the price reached strong downside obstacles, so we cannot exclude a new leg higher. ETH/USD dropped by 5.96% from Wednesday’s high of 1,900 to 1,786 today’s low. Bitcoin’s sell-off forced the altcoin to drop […]

Stock Trkr