Trend analysis GBP/USD may move upward this week, starting from the level of 1.2445 (closing price of the last weekly candle) to the 14.6% retracement level of 1.2493 (yellow dashed line). Following this, the pair will climb to the 23.6% retracement level of 1.2535 (yellow dashed line). Fig. 1 (weekly chart) Comprehensive analysis: Indicator analysis […]
Trend analysis EUR/USD may start a corrective upward movement this week, rising from 1.0640 (closing price of the last weekly candle) to the 23.6% retracement level of 1.0706 (red dashed line). Upon reaching this level, the pair will move downwards toward the 23.6% retracement level of 1.0674 (red dashed line). Fig. 1 (weekly chart) Comprehensive […]
US stocks came under selling pressure on Friday amid disappointing results from major US banks, capping a week packed with inflation data, changing market expectations for Federal Reserve policy and rising geopolitical tensions. All three leading indexes fell more than 1%, extending their losses for the week. The S&P 500 (.SPX) posted its biggest weekly […]
EUR/USD On Friday, the euro fell by over 80 pips and stopped in the target range of 1.0635/56 (the May 2023 low). The price may take a break in this area, as the signal line of the Marlin oscillator on the daily chart has left its own descending channel and may want to return to […]
GBP/USD The British pound plummeted by 102 pips on Friday, easily surpassing our target level of 1.2460 and forming another one at 1.2427, based on the peak of November 6, 2023. However, the level of 1.2460 remains firm, now serving as the upper boundary of the consolidation range. Consolidating above it may extend the correction […]
USD/JPY After Friday’s unsuccessful attempt to break downwards, this morning the price went up, along the path of lower resistance, towards the target of 154.25. The Marlin oscillator is gradually rising. It’s likely that after reaching the target, the pair will turn downwards. This may be because investors are turning their attention towards the yen […]
Analysis of EUR/USD 5M EUR/USD resumed its strong downward movement, and there weren’t any current, local macroeconomic reasons behind it. However, this doesn’t mean that there was generally no reason behind it. Over the past months, we have often mentioned that the euro should be cheaper compared to the US dollar. And there were and […]
Analyzing Fridays trades: GBP/USD on 1H chart The GBP/USD pair continued its downward movement, finally falling below the level of 1.2502 after four months of flat trading on the 24-hour timeframe. This level had long served as the lower boundary of the sideways channel, so its breakthrough indicates the end of the flat phase. While […]
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 […]
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% […]
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 […]
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 […]
GBP/USD After moving in a wide-range following the European Central Bank meeting (the pound closed the day up by 12 pips), today it faces another challenge due to the release of several data on GDP, industrial production, and construction. Forecasts for key data suggest weakness: construction output for February at -0.4%, GDP at -0.4% y/y, […]
