Potential for the further rally on USD/JPY The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD. April 11th. Fed minutes: inflation concerns persist April 11, 2024 On Wednesday, the EUR/USD pair rebounded from the corrective level…GBP/USD. April 11th. The US inflation report shocked the… April 11, 2024 On the hourly chart, on […]
On Wednesday, the EUR/USD pair rebounded from the corrective level of 38.2% (1.0866), reversed in favor of the US dollar, and fell by 130 points. Consolidation below the support zone of 1.0785–1.0801 has been achieved, allowing traders to anticipate further decline towards the next corrective level of 0.0% (1.0696). A pause is possible around the […]
On the hourly chart, on Wednesday, the GBP/USD pair made a second consecutive rebound from 1.2705, a turnaround in favor of the American currency, and a drop to 1.2517. Thus, the rise of the American currency amounted to almost 200 points in just a few hours. The rebound of quotes from the level of 1.2517 […]
The GBP/USD currency pair also showed a significant decline on Wednesday. Let’s remind you that volatility for the GBP/USD pair has remained low for several consecutive months, so yesterday’s movement of 200 points looks overwhelming. However, at the moment, nothing has fundamentally changed in the technical picture of the pair. So, the pound fell, and […]
The EUR/USD currency pair traded in familiar channels with minimal volatility during the European trading session on Wednesday. However, during the American session, it plummeted downward. We doubted the market would logically react to the U.S. inflation report, but justice prevailed. American inflation not only increased in March but also exceeded even the most pessimistic […]
Analysis of transactions and tips for trading USD/JPY The test of 151.90, coinciding with the rise of the MACD line from zero, provoked a buy signal that led to a price increase of over 150 pips. Demand for yen did not rise despite the economic data from Japan and statements from Bank of Japan Governor […]
EUR/USD Higher Timeframes That’s how you can liquidate the achievements of several days in one go. Over the past day, bears closed below the final level of the weekly Ichimoku cross (1.0751). The liquidation of the weekly cross will allow considering new prospects. In the current situation, the nearest lows (1.0725 – 1.0696) could become […]
Analysis of macroeconomic reports: There are fewer macroeconomic events on Thursday, and none of them are crucial. Nevertheless, the US will release reports on unemployment claims and producer prices. We believe that after yesterday’s inflation report, the Producer Price Index is no longer crucial. Therefore, both reports, to be published during the European Central Bank […]
Analyzing Wednesday’s trades: GBP/USD on 1H chart The GBP/USD pair also experienced a sharp decline on Wednesday, which was triggered solely by the US inflation report. The Consumer Price Index rose to 3.5% against forecasts of 3.4%. However, another aspect is crucial. Inflation has been rising steadily for several months, while members of the Federal […]
Analyzing Wednesday’s trades: EUR/USD on 1H chart EUR/USD experienced a significant downturn on Wednesday. In our opinion, what should have happened last week finally occurred. Recall that important US reports on Nonfarm Payrolls, unemployment, business activity, and the labor market turned out stronger than forecasted, yet the euro rose instead of the dollar. Yesterday, however, […]
EUR/USD is trading around 1.0743, below the 21 SMA and 200 EMA. We can see on the H4 chart that the euro made a strong bearish move after falling below 1.0864 and below the technical pattern. Yesterday after the inflation data from the United States, the euro fell to the low of 1.0724, which represents […]
On Wednesday, American stock markets experienced a decline, reaching minimum closing levels against the backdrop of published inflation data, which exceeded experts’ expectations. The figures dampened investor optimism that the US Federal Reserve could begin cutting interest rates by the summer. The publication of the US Department of Labor’s report on the consumer price index […]
EUR/USD The market’s nervousness ahead of the European Central Bank meeting, which is expected to show a dovish stance, finally manifested – the euro slumped by 113 pips after yesterday’s US inflation data. The Core CPI inflation held steady at 3.8% y/y, against expectations of falling to 3.7% y/y, while total CPI consumer inflation accelerated […]
GBP/USD Yesterday, the dollar strengthened by 1.02%, and the pound led losses in the currency market by falling 1.10% (137 pips). This confirms the British currency’s weakness over the past week. After a break below the support level of 1.2596, the price is moving towards the target support at 1.2460. Falling below this level will […]
USD/JPY The USD/JPY pair finally received an external impetus and broke out of a two-week consolidation by trading higher. Yesterday, the price breached a strong resistance at 151.95-152.00, formed by a target level and a price channel line. Now, the pair can reach the target of 154.25/40, formed by the target level and the subsequent […]
Analysis of GBP/USD 5M GBP/USD also showed a significant downward movement on Wednesday. It was so strong that the price simultaneously broke through the trend line, the Ichimoku indicator lines, and the levels of 1.2605 and 1.2620. We haven’t seen such movements in a long time, but it had almost no impact on the overall […]
Analysis of EUR/USD 5M EUR/USD plummeted on Wednesday. The euro fell after the US inflation report showed that consumer prices picked up 0.1% more than anticipated. Some might say that such a small deviation from the forecast shouldn’t provoke such a strong movement, but we strongly disagree with this. The fact is that the euro […]
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 […]
