The correction from 130.63 has extended through resistance at 131.92 for a test of the 50% corrective target of the decline from 135.45. We should see solid resistance in the 133.00 – 133.18 area which ideally will be able to cap the upside for a break below support at 132.07 indicating renewed downside pressure towards […]

To open long positions on GBP/USD, you need: Last week, I paid attention to purchases in the support area of 1.2356, which enabled me to take more than 100 points from the market after the release of a report indicating a reduction in US jobs by more than 20 million. The data turned out to […]

To open long positions on GBP/USD, you need: Last week, I paid attention to purchases in the support area of 1.2356, which enabled me to take more than 100 points from the market after the release of a report indicating a reduction in US jobs by more than 20 million. The data turned out to […]

To open long positions on EUR/USD, you need: The latest Non-Farm Employment Change report turned out to be better than economists’ forecasts, which held back the pair from another sell-off and resulted in a slight strengthening of the euro. However, in general, the situation has not changed, and trading has remained in the side channel. […]

To open long positions on EUR/USD, you need: The latest Non-Farm Employment Change report turned out to be better than economists’ forecasts, which held back the pair from another sell-off and resulted in a slight strengthening of the euro. However, in general, the situation has not changed, and trading has remained in the side channel. […]

To open long positions on EUR/USD, you need: The latest Non-Farm Employment Change report turned out to be better than economists’ forecasts, which held back the pair from another sell-off and resulted in a slight strengthening of the euro. However, in general, the situation has not changed, and trading has remained in the side channel. […]

EUR/USD Friday’s release of US employment data did not provoke a strong market reaction, as it did on Wednesday with data from ADP. Unemployment rose from 4.4% to 14.7% in April, but it was below the forecasted 16.0%, in the non-agricultural sector there was a decrease of 20.5 million jobs, but this indicator was better […]

AUD/USD The Australian dollar grew by 36 points. The aussie can continue to grow to the 0.6665 level (the September 2019 low, December 2018 low), and then a double divergence will form on the daily chart on the Marlin oscillator, which will soon turn the price down. If the price returns to the nearest support […]

USD/JPY So, the market reversed the starting position of the USD/JPY pair to a May 6 fall. The price turned up in the following days, and it went to the key level of 107.50 this morning, overcoming which opens up the prospect of growth to 111.50 – to the upper border of the price channel, […]

4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – sideways. CCI: -18.1735 On Monday, May 11, the EUR/USD currency pair starts with an upward correction against a downward trend. However, this is only a formality. In fact, the quotes of the […]

The downward medium-term model remained unfinished last week. Today the pair is testing the first resistance zone, which can cause the downward movement to resume. To sell the instrument from WCZ 1/4 107.00-106.91, it is necessary to form an Absorption pattern at the hourly level or higher. If this happens, then the target of the […]

The downward movement on the pair is a priority. Any growth must be used to find favorable selling prices. The first resistance will be WCZ 1/4 1.3990-1.3982. When testing this zone, it will be possible to enter a short position. The target of the downward movement is still the weekly control zone 1.3867-1.3839, you can […]

A new trading week begins, during which a lot of important macroeconomic information will be published. Unfortunately, traders continue to ignore most of it, so we still do not expect a strong reaction to the reports. We also continue to believe that technical factors play a key role in pricing the euro/dollar pair. We remind […]

24-hour timeframe The British pound also continued to trade throughout the past week within the 400-point wide side channel. The GBP/USD pair also fell to its lower border (but failed to work it out clearly) and turned up. Thus, now traders can expect an upward movement to the upper line of the side channel, which […]

24-hour timeframe The British pound also continued to trade throughout the past week within the 400-point wide side channel. The GBP/USD pair also fell to its lower border (but failed to work it out clearly) and turned up. Thus, now traders can expect an upward movement to the upper line of the side channel, which […]

24-hour timeframe Another trading week on the Forex market has ended, and we are summarizing its results. The EUR/USD currency pair spent the entire trading week in a side channel, which we have repeatedly discussed in regular reviews. On a 24-hour timeframe, this channel with a width of 250 points is particularly clearly visible. Last […]

24-hour timeframe Another trading week on the Forex market has ended, and we are summarizing its results. The EUR/USD currency pair spent the entire trading week in a side channel, which we have repeatedly discussed in regular reviews. On a 24-hour timeframe, this channel with a width of 250 points is particularly clearly visible. Last […]

Gold price broke above the 4 hour Ichimoku cloud and the downward sloping trend line. It is imperative that bulls are strong at current levels and push price higher. A bounce off this support area around $1,700 would be a bullish sign. Red lines – trading range Black line -resistance trend line Gold price remains […]

On Friday we saw EURUSD bounce strongly out of the bearish short-term channel we noted in our last analysis on Thursday. Price has bounced and touched 2 of our bounce targets so far. Price made a high at 1.0875 where we find the 38% Fibonacci retracement level. Red lines – bearish channel Blue lines – […]

Key data on the growth of the US labor market was expected to be not in favor of the dollar. And although many (almost all) components of April Nonfarms were in the “green zone”, the market reacted to the release very clearly. The dollar index returned under the hundredth mark and headed for this week’s […]

Minor operational scale (Daily) The second decade of May – options for the development of the movement of major currency instruments from May 11, 2020 #USDX vs EUR/USD, GBP/USD, and USD/JPY (Daily). ____________________ US dollar index From May 11, 2020, the movement of the dollar index #USDX will be determined by the development and direction […]

Recently, the GBPUSD has reached new LOW price levels around 1.1450, slightly below the solid Previous Weekly Low (1.1650) achieved in September 2016. That’s when the pair looked very OVERSOLD around the price levels of 1.1450 where a double-bottom reversal pattern was demonstrated. Bullish breakout above 1.1900 invalidated the bearish scenario temporarily & enabled a […]

Few weeks ago, the EURUSD pair has expressed significant bullish recovery around the newly-established bottom around 1.0650. Bullish engulfing H4 candlesticks as well as the recently-demonstrated ascending bottoms indicated a high probability bullish pullback at least towards 1.0980 and 1.1075 (Fibonacci Level 50%). Key Supply-Levels in confluence with significant Fibonacci levels are located around 1.1075 […]

The single European currency received two painful blows, however, as soon as there was a gap in the clouds, it managed to return above $1.08. The verdict of the German Constitutional Court on the legality of QE and rumors about the resuscitation of the US-China trade war turned the “bulls” on EUR/USD to flight. The […]

EUR / USD On May 7, the EUR/USD pair gained about 40 basis points and presumably completed the construction of the expected wave 2 in C in B. If this assumption is correct, then the increase in prices will continue with the targets located about 11th figures and higher within the framework of the construction […]