Trading recommendations for the EUR / USD pair on August 13 Analysis of transactions The signal to buy the European currency from the level of 1.1755 worked positively yesterday, allowing more than 50 points of profit to be taken from the market. The growth came after the publication of good data on industrial production in […]

To open long positions on EUR/USD, you need: I paid attention to the 1.1773 level yesterday, which the pair gradually approached in the first half of the day. If you look at the 5-minute chart, you will see that a signal to sell the euro was generated after a false breakout formed at this level. […]

Hourly chart of the EUR/USD pair The EUR/USD pair both slightly corrected and slightly grew last night. Unfortunately, it was quite problematic to work with a buy signal from the MACD indicator (marked with circles in the illustration) last night, but could it be for the better? In other articles, we have already mentioned that […]

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The quote closed below the WCZ 1/2 1.3279-1.3266 yesterday, which indicates a significant change in the direction of trading. Sell transactions came to the fore, with which any price increase can be used as a basis to sell the pair. The absorption pattern towards the rise of the Canadian dollar will serve as an entry […]

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We are testing the WCZ 1/2 1.1811-1.1802 today, which is a defining moment when building a trading plan. If today’s trade closes below the zone, then sales of the instrument will come to the fore, and the first target of the fall will be the current week’s low. Working in a downward direction will make […]

Technical Market Outlook: The EUR/USD pair has bounced back from the level of 1.1711 and is currently trading just below the 61% Fibonacci retracement again. The nearest technical resistance is seen between the levels of 1.1790 – 1.1822. Any violation of this zone will extend the rally towards the next key technical resistance seen at […]

Technical Market Outlook: The GBP/USD pair has been testing the upper boundary of the horizontal range located between the levels of 1.3067 – 1.3017. There is so far no indication of any bearish pressure and all the sideway price action looks like a typical correction in an up trend, but when the level of 1.3075 […]

The pair’s growth from yesterday continued to form an accumulation zone in the medium term. This makes it possible to search for favorable prices for selling the instrument. The WCZ 1/2 0.7209-0.7200 is the main resistance. The probability of renewing the weekly low is 75% while the pair is trading below the specified zone. Working […]

GBP/JPY is moving higher slowly. Since resistance is at 139.18, we should see that bulls resume buying GBP, but no, they are likely to buy, but in a slow-motion pace. However, we expect the 140.35 taget to be tested soon to complete blue wave iii and set the stage for a sideways consolidation in blue […]

There was no time for a second decline closer to 124.00. EUR/JPY completed wave iv at 124.28 and broke right through the short-term important resistance at 125.43 for the next impulsive rally higher. The minimum target for this rally is seen at 126.68, but it’s more likely that we will see resistance in the 127.23 […]

EUR/USD The market is not yet strong enough to push the euro. The single currency managed to break free of pressure and gained 44 points yesterday. Trading volumes were slightly above average. The Marlin oscillator is directed upwards, the price has overcome the target level of 1.1806 this morning. The price is facing a significant […]

GBP/USD The pound sterling was down 13 points on Wednesday, but the overall weakening of the US dollar prevented the price from doing more. The price is slightly growing today in the Asian session, strengthening the consolidation at the Fibonacci level of 61.8%. The Marlin oscillator is steadily declining, indicating the price’s direction in the […]

AUD/USD The Australian dollar sluggishly reacted to the US dollar’s fall (-0.34%) and the rise in oil (2.24% WTI), adding only 19 points yesterday. The aussie reached the target level of 0.7190 this morning. Now, according to the main scenario, a price reversal to support 0.7070 is likely, since after a fourfold divergence with the […]

USD/JPY The US stock index recovered in an upward trend, gaining 1.40% (S&P 500) on Wednesday. It was followed by the USD/JPY pair, adding 42 points, marking the target level of 107.00 as the high of the day. Now the pair has consolidated in an upward direction – the price is above the indicator lines, […]

GBP/USD 1H The GBP/USD pair also continues to trade without a definite trend on August 12. If the euro currency was squeezed into two side channels, then approximately the same thing happened with the pound sterling. The pair has been trading between the Senkou Span B and Kijun-sen lines for the past few days, and […]

EUR/USD 1H The euro/dollar pair again turned around in the support area of 1.1702-1.1727 and rose to the Kijun-sen line on the hourly timeframe of August 12. The price has been located between these two resistances in the last few days. Thus, we have two types of flat at once. The first is bounded by […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – sideways. CCI: -97.9586 If the European currency was trading indistinctly during the third trading day of the week, the British pound resumed its downward movement. For several days, the British currency has […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – sideways. CCI: -97.9586 If the European currency was trading indistinctly during the third trading day of the week, the British pound resumed its downward movement. For several days, the British currency has […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – upward. Moving average (20; smoothed) – sideways. CCI: -5.0455 The EUR/USD currency pair was trading very indistinctly on Tuesday and Wednesday. After the traders managed to overcome the moving average line, we counted on the formation of a […]

Hourly chart of the EUR/USD pair The EUR/USD pair moved up early in the morning and began, as it turned out later, a rather strong upward movement on Wednesday, August 12. At least, the strength of this movement was more than enough to exit the downward trend channel through its upper border. And this, in […]

At first glance, the euro-dollar pair is behaving illogically today: against the background of remarkable data on the growth of US inflation, the price is growing and is even trying to test the 18th figure. The dollar index also demonstrates its vulnerability: after a short-term growth, the indicator turned and floated again, to the disappointment […]

By the end of the trading session on Wednesday, the US dollar index was again under pressure. The greenback lost more than 0.3% against a basket of six competitors, breaking down the line of the medium-term upward trend. The long-term trend, on the other hand, is still upward and its line is at 93.15. In […]

According to the latest analysts’ data, the pound sterling should demonstrate a significant strengthening against the US dollar in the near future. This is indicated, for example, by the fact that extremely weak statistics on the level of the country’s GDP had practically no effect on the sterling exchange rate which remained in a sedentary […]