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 […]
What is permissible for Jupiter may not be permissible for a bull. In the updated forecasts of Wall Street Journal experts, the figure of 2.2% for the U.S. GDP in 2024 is mentioned. European Central Bank specialists surveyed believe that the eurozone economy will expand by 0.5% this year. American domestic demand is much stronger […]
The wave analysis for the GBP/USD pair remains quite complex, but it may become simpler in the coming weeks. A successful attempt to break through the Fibonacci level of 50.0% indicates the market’s readiness to build a downward wave 3 or C. If this wave continues its formation, the wave pattern will become much simpler, […]
Early in the American session, ETH/USD is trading around 3,239 within the uptrend channel forming on the H1 chart. After having reached the psychological level of $3,000 and after having reached the low of 2,856, the token made a strong technical rebound and is now approaching resistance levels around the 200 EMA located at 3,317. […]
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. We are currently observing the construction of the presumed wave 3 in 3 or c the downward trend section. If this is the case, the decline in quotes will continue for quite some time, as the first wave of this section completed […]
In my morning forecast, I paid attention to the 1.2482 level and planned to decide to enter the market from it. Let’s look at the 5-minute chart and figure out what happened there. The growth and formation of a false breakdown there led to a sell signal, but it never reached a major drop, as […]
In my morning forecast, I paid attention to the level of 1.0642 and planned to make decisions based on it for entering the market. Let’s look at the 5-minute chart and figure out what happened there. There was a decline, but I never saw a retest of 1.0642. The very low market volatility, around 15 […]
The UK economy is recovering from a mild recession in 2023. According to NIESR, UK GDP grew by 0.1% in February, driven by increased production volumes, particularly in the manufacturing and services sectors. NIESR forecasts GDP to grow by 0.4% in the first quarter and by 0.3% in the second quarter of 2024. As for […]
The EUR/USD pair continued its downward trend on Friday, confirming below the corrective level of 0.0%-1.0696. Thus, the decline in quotes may continue today or this week towards the next level of 1.0612. Bears maintain an advantage in the market after the events of the past two weeks. The wave situation remains unchanged. The last […]
On the hourly chart, the GBP/USD pair on Friday confirmed below the important level of 1.2517 and fell to the Fibonacci level of 38.2%-1.2453. Fixing quotes below this level will favor the continuation of the British pound’s decline towards the next level of 1.2370. A rebound of the pair’s course from 1.2453 will allow traders […]
GBP/USD Analysis: On a large scale, a bearish trend has been forming in the price chart of the pound since July last year. In the wave structure, the entire month has seen the development of the final part (C). Quotes have reached the upper boundary of the potential reversal zone of the daily TF. Forecast: […]
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 […]
Since geopolitical risks continue to push precious metal prices into uncharted territory, the latest weekly gold survey showed that Main Street and Wall Street are practically unanimous regarding the prospects for the precious metal. Darin Newsom, Senior Market Analyst at Barchart.com, said gold is currently overbought; however, he has no plans to sell it because […]
EUR/USD Higher Timeframes Last week had a pronounced bearish character due to the significant downward momentum. Bears approached the influence zone of the monthly support at 1.0611, so the results of testing and interaction may determine further priorities and opportunities. The levels passed today act as supports, but due to the remote location (1.0755), they […]
Analysis of transactions and tips for trading USD/JPY The test of 153.19, coinciding with the decline of the MACD line from zero, provoked a sell signal that led to a price decrease of 40 pips. Growing inflation expectations in the US brought demand back to dollar, allowing buyers to enter the market at more attractive […]
Analysis of transactions and tips for trading GBP/USD Further decline became limited because the test of 1.2477 took place at a time when the MACD line moved downward quite strongly from zero. Buying on the rebound at 1.2434, on the other hand, led to a price increase of 20 pips. Although UK GDP came out […]
Analysis of transactions and tips for trading EUR/USD The test of 1.0646 occurred during the drop of the MACD line from zero. This provoked a sell signal, which led to a price decrease of around 15 pips. The decline in the consumer price index of France and Germany intensified pressure on euro, while the rise […]
So, the European Central Bank has confirmed its intention to start cutting rates in June, which has become the fundamental reason why the euro is falling. And while it was quite a logical move, it is also worth highlighting the pair’s excessive local oversold condition. So, a correction is extremely necessary at the moment. However, […]
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 […]
