4-hour timeframe Average volatility over the past 5 days: 88p (high). The EUR/USD currency pair continued its upward movement throughout the last trading day of the week after a similar even stronger movement on Thursday. As it turned out on Friday, the euro/dollar currency pair did not need correction. By the end of the day […]

24-hour timeframe Another trading week on the Forex market has ended, and we are summarizing its results. The EUR/USD currency pair spent most of the trading week trading with an increase, which led to the end of the week to overcome the critical Kijun-sen line and change the trend to an upward one. Given the […]

Gold price reached our first target after breaking below the triangle pattern. Price reached the lower trading range boundary and then bounced strongly towards cloud resistance. Next week is very important. Will we see a rejection or a break out? Red lines- trading range Gold price bounced strongly on Friday after reaching the support zone […]

Gold price reached our first target after breaking below the triangle pattern. Price reached the lower trading range boundary and then bounced strongly towards cloud resistance. Next week is very important. Will we see a rejection or a break out? Red lines- trading range Gold price bounced strongly on Friday after reaching the support zone […]

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. The following 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 […]

Minuette operational scale (Daily) What will this May-spoiler, this May-wizard prepare for us on Forex? Development options for the movement of major currency instruments in May 2020 #USDX vs EUR/USD, GBP/USD, and USD/JPY (Daily). ____________________ US dollar index Starting from May 04, 2020, the movement of the dollar index #USDX will continue to develop within […]

The US market will finally show a decline on the first day of the month. It is impossible to ignore the rising negativity from the economy – unemployment in the US already reached 18 million people. As a result, it is recommended to sell the US market on the S & P500 index and stop […]

BTC News: Once a niche enthusiasm with the launch of Bitcoin (BTC), digital money powered by blockchain technology has matured rapidly in just a few short years. The market is now highly diverse. For example, audited stablecoins, along with fixed use digital cash projects introduced by Wells Fargo and JP Morgan last year, stand in […]

While the global economy has not yet fully realized the depth of its own recession, financial markets are returning to their normal life. If in March, an unprecedented monetary stimulus from the Fed and the ECB’s expansion of European QE by €750 billion led to an illogical strengthening of the US dollar and the euro, […]

Corona virus summary: here is evidence face coverings have a “weak but positive effect” in reducing transmission of the coronavirus, Downing Street has said. A spokesman for Prime Minister Boris Johnsonsaid ministers are still considering what guidance to issue to the public during the COVID-19 lockdown. “Ministers are still considering how we move forward with […]

Corona virus summary: The start of May sees more than half a dozen states relax lock-down measures that were imposed as the corona virus pandemic began spiraling out of control on U.S. soil. As of Friday morning, the U.S. has seen more than a million corona virus cases and more than 63,000 deaths. President Trump […]

The price in April, moving down, tested the historical support level of 1.2157 (presented in a white dashed line) and then increased. Due to the combination of technical and fundamental analysis directions, the price made an upward rally (425 points) after the rebound from the support level and then tested the historical resistance level of […]

The price in April, moving down, tested the historical support level of 1.2157 (presented in a white dashed line) and then increased. Due to the combination of technical and fundamental analysis directions, the price made an upward rally (425 points) after the rebound from the support level and then tested the historical resistance level of […]

To open long positions on GBPUSD, you need: From a technical point of view, nothing has changed. If you look at the 5-minute chart, you can see how the bears failed to reach the morning support of 1.2526, as a result, the buy signal did not work out. A similar story occurred with an attempt […]

To open long positions on EURUSD, you need: In my morning forecast, I paid attention to the high probability of a breakout of the level of 1.0957 and recommended opening long positions after that in the expectation of continuing growth to the resistance of 1.0990, which happened. If you look closely at the 5-minute chart, […]

EUR / USD On April 30, the EUR/USD pair gained about 75 basis points and, thus, continued building the expected wave 3 in C. If the current wave marking is correct, then the increase in quotes of the instrument will continue with targets located about the 11th figure. On the other hand, the alleged wave […]

The pair moved up on Thursday, but did not manage to break the level of 1.2643 – the upper fractal (red dashed line). A small rebound down followed. Further downward move is expected today. Important news is anticipated to come out on Friday at 9:30 (pound) and 15:00 London time (dollar). Many countries celebrate Labor […]

Trend analysis. An upward movement is possible in May, with the first goal of 1.1110 – a pullback level of 50.0% (blue dashed line). In case of breaking this line up, the next goal will be 1.1200 – a pullback level of 61.8% (blue dashed line). It is possible to work down from this level […]

Overview: EUR/USD pair. Trend: upwards. Pivot: 1.0937. The EUR/USD pair broke resistance, which turned into strong support at 1.0937. Right now, the pair is trading above this level. It is likely to trade in a higher range as long as it remains above the support (1.0937), which is expected to act as a major support […]

Good day, dear traders! Today, on the last day of weekly trading, we will again analyze the interesting cross-rate of the euro/pound, and pay special attention to the technical picture. Especially since the market closed April yesterday. Monthly We must admit that the results of April trading, during which the pair declined, were quite expected. […]

Good day, dear traders! Today, on the last day of weekly trading, we will again analyze the interesting cross-rate of the euro/pound, and pay special attention to the technical picture. Especially since the market closed April yesterday. Monthly We must admit that the results of April trading, during which the pair declined, were quite expected. […]

Technical analysis recommendations for EUR/USD and GBP/USD on May 1 EUR / USD Players on the increase confirmed their advantage. Yesterday, they managed to work out the goal for the breakdown of the H4 cloud according to the first target (1.0964), closed the day above the medium-term trend, tested the resistance of the weekly Fibo […]

The meeting of the European Central Bank (ECB), held on the last day of April, did not cause drastic changes in the dynamics of the single currency. The “European” in the EUR/USD pair did not show much activity until the traders rushed frantically to buy the euro in order to balance their portfolios. Analysts drew […]

Good afternoon traders! Happy spring and labor day! Here’s a trading idea for the USD/JPY pair. A strong bullish impulse at the US session yesterday strengthened the dollar against yen and gold. I suggest viewing the outcome as wave “A” of the classic “ABC” pattern. Conduct a long trade to increase quotes to the area […]