The currency pair EUR/USD showed absolutely no movements on Thursday—no reaction to important events. In our previous articles, we’ve already mentioned that people can have different opinions about what happened yesterday. On one hand, it’s not uncommon to see meetings where no significant decisions are made, but the pair starts moving in different directions afterward. […]
Analysis of GBP/USD 5M The British pound hardly showed any notable movements on Thursday. Although the European Central Bank meeting had no direct impact on the pound, we warned you that the euro could influence the pound, which is exactly what happened. However, the market had a weak reaction to the ECB meeting. Even the […]
Analysis of EUR/USD 5M EUR/USD showed little more than a flat and low volatility on Thursday, not exceeding 50 pips. Even though the results of the European Central Bank meeting were announced yesterday, it had no impact on traders’ willingness to trade more actively. Despite the release of two crucial reports in the United States, […]
Analysis of transactions and tips for trading USD/JPY Further growth became limited because the first test of 150.73 took place when the MACD line moved sharply upward from zero. As for the second test, it occurred when the MACD line started moving down from zero, prompting a signal to sell. This resulted in a price […]
Analysis of transactions and tips for trading GBP/USD The test of 1.2095, coinciding with the rise of the MACD line from zero, prompted a buy signal that led to a price increase of over 30 pips. It seems that strong statistics from the US did not help dollar during the US session, and after an […]
EUR/USD Higher Timeframes Yesterday, the bears couldn’t hold their ground. As a result, by the end of the working week, the market arrived with a looming lower shadow, the size of which could influence the overall sentiment and market possibilities. It is worth noting that the daily cross has changed. If the bulls can now […]
EUR/USD Yesterday, the euro lost 42 pips, almost reaching the descending green price channel line, and closed the day above the 1.0552 level, ending with a 5-pip decline. The results of the European Central Bank meeting were generally within the market’s expectations: the interest rate remained unchanged, and the economic outlook was pessimistic. At the […]
GBP/USD On Thursday, the British pound reached the target support level at 1.2070, with the lower shadow, and closed the day slightly higher, despite strong U.S. economic data and losses in the stock market (FTSE100 -0.81%, S&P 500 -1.18%). This is a relatively stable sign that indicates the pound’s growth. To confirm this, the price […]
USD/JPY The yen has struggled to reach the target level of 150.53 for a long time, which is the embedded line of the price channel. Yesterday, it reached the target, and today, we witnessed a bearish reversal. The Marlin oscillator has failed to develop an upward movement and at the current moment, it seems that […]
Although on the daily chart Ethereum Cryptocurrency still moving in a tough condition which is indicates by the appearance of the deviation between price movement with RSI indicator as well as Bullish 123 pattern which is detected, followed by Bullish Ross Hook (RH) as well as the price movement that is above the WMA (30), […]
If we look on the 4 hour chart of Ripple cryptocurrency, then there will be a deviation between the price movement with RSI indicator as well as the form of Barish 123 pattern where these things gives the clue for Ripple that has the potential to weaken up to the level 0,5349 as the main […]
The world of financial investment has entered a challenging era. In recent days, US, European, and Asian stocks have been declining, and the yield on 10-year Treasury bonds has been plummeting. What really caused this instability? The mystery begins with mixed economic and corporate signals that confuse investors. The US economy seems to be thriving, […]
Analyzing Thursday’s trades: GBP/USD on 30M chart GBP/USD edged higher on Thursday. However, it is quite challenging to explain this specific movement. First, it’s worth noting that the volatility was low, even though there were plenty of important events during the day. The results of the European Central Bank meeting were as uneventful as possible, […]
Analyzing Thursday’s trades: EUR/USD on 30M chart On Thursday, EURUSD traded with an overall volatility of 47 pips. And that’s all you need to know about the market ‘s reaction to the European Central Bank meeting, President Christine Lagarde’s speech, and the release of quarterly GDP and durable goods orders reports in the US. Four […]
The XAU/USD (Gold/US Dollar) chart currently has bullish momentum, indicating a potential move towards the 1st resistance level at 1992.51. The 1st support at 1962.58 is significant, aligning with an overlap support, making it a strong support level. Additionally, the 2nd support at 1946.96 is also an overlap support, reinforcing the potential support zone. On […]
The USD/CHF chart currently shows bearish momentum with a potential move towards the 1st support at 0.8940, which aligns with an overlap support. Another support at 0.8888, a swing low support, further strengthens the potential support zone. On the resistance side, the 1st resistance at 0.8999 is characterized as an overlap resistance, coinciding with the […]
The GBP/USD chart currently shows bullish momentum with potential for an upward move towards the 1st resistance at 1.2213, a significant level due to its alignment with a pullback resistance and the 78.60% Fibonacci Projection. There’s also a 2nd resistance at 1.2288, acting as a swing high resistance. For support, the 1st level at 1.2054 […]
The wave pattern for the GBP/USD pair suggests a decline within the downtrend segment. The most that we can expect from the pound in the near future is the formation of Wave 2 or b. However, there are currently significant issues even with the corrective wave. At this time, I would not recommend new short […]
Now is not the time to talk about future prospects. This was the tone of the European Central Bank’s October meeting, the results of which were revealed on Thursday. Overall, the central bank made the expected decision to maintain interest rates as they were. The likelihood of this scenario being realized was 100%, so the […]
Overview: The EUR/USD pair steadies near 1.0571 after USD slide. The EUR/USD pair reached a peak of 1.0571 following the release of a weak ISM Services PMI report from the US. The EUR/USD pair is currently hovering near the 1.0571 level, unchanged for the day. The EUR/USD pair trades with modest losses, not far above […]
During August, the EUR/USD pair has been trading in a narrow range between 1.0950 and 1.1050, waiting for a clear direction from the market sentiment and the economic data. Shortly after, the pair failed to maintain upside movement above the depicted uptrend. Instead, it was broken-down terminating the sideway movement. Shortly after, an upside pullback […]
The EURUSD pair broke above the key level of 1.0550-1.0600 and continued its bullish trend towards 1.1000 and 1.1200. The bulls reached the resistance zone around 1.1200 but failed to sustain the momentum. Meanwhile, the bears pulled back the price towards 1.0950 where the pair met the short-term uptrend line. The price reversed from this […]
The GBP/USD pair faced a strong resistance near 1.3200 and started a fresh downtrend. It broke the 1.2800 support level on a H4 candlestick and extended its decline towards 1.2500, where it met a crucial Fibonacci retracement level. This could be a good opportunity for intraday traders to go long, with a stop loss just […]
The price of gold continues to stay higher even if the price action signaled exhausted buyers. It’s located at 1,983 at the time of writing, below today’s high of 1,993. The bias remains bullish, but an upside continuation needs confirmation. Also, despite exhaustion signs, a correction is far from being confirmed. Fundamentally, the ECB maintained […]
For the GBP/USD pair, the wave count remains quite simple and clear. The construction of a new bearish trend section continues, the first wave of which has taken on a fairly extended form. In my opinion, the pound has no reason to resume the bullish trend section, so I don’t even consider such a scenario. […]
The USD/CHF pair is trading in the green at 0.8995 and it seems determined to approach and reach new highs. You knew from my previous analysis that the price could develop a larger growth after taking out the immediate resistance levels. Fundamentally, the USD received strong support from the US economy today. The Advance GDP […]
The wave analysis on the 4-hour chart for the euro/dollar instrument remains quite clear. Over the past year, we have observed only three wave structures, which constantly alternate with each other. In recent months, I have consistently stated that I expect the instrument to reach around the 1.5 figure, from which the construction of the […]
Early in the American session, gold (XAU/USD) is trading around 1,978.66, above the 21 SMA, and within an uptrend channel formed since October 20. Gold has formed a double top between the highs of October 20 at 1,997 and on October 26 at 1,994. Trading below the 8/8 Murray, the instrument could fall to the […]
“Buy the rumor, sell the fact.” Over the past three days, EUR/USD quotes have been declining, reflecting expectations of the U.S. economy accelerating more than twice in the third quarter compared to the second and forecasts for the deposit rate to remain at 4%. When the ECB actually paused and the U.S. GDP expanded even […]
The euro dipped upon receiving news that the European Central Bank has concluded its streak of interest rate hikes in spite of looming inflationary risks. These risks stem from surging oil market asset prices and the ongoing conflict between Israel and HAMAS. It was revealed that the benchmark rate remains fixed at 4.5% after a […]
