The Fed did not surprise the markets with the outcome of the two-day monetary policy meeting. The rate remained unchanged, but the forecasts for inflation, unemployment and GDP has slightly changed. The most significant changes according to forecasts occurred in 2020. At the same time, the rate forecast has changed according to a not quite […]

GBPJPY registered another lower low at its March downleg slightly below the key support level of 135.79, but it soon bounced up again as the RSI signaled oversold conditions. The latter is currently moving with a positive slope towards its 50 neutral mark, while the MACD continues to trend up above its red signal line, both suggesting some […]

Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Fed was remarkably dovish, sending the dollar lower BoE meets today; sterling may gain a little on reaffirmation of tightening bias Loonie flies as BoC may be the sole ‘island of neutrality’ Dollar tanks, gold soars as Fed signals incoming cuts The Fed kept rates unchanged yesterday, but the meeting wasn’t short of excitement as […]

Despite the fact that the growth of Bitcoin above 9 350 may occur in the near future, speaking and maintaining the current bullish momentum will be quite difficult after updating the level of 10 000 USD, which is a psychological mark, and where a number of large players will definitely record profits. Bitcoin Buy Signal […]

Yesterday’s focus shifted on the Fed’s interest rate decision, as well as Jerome Powell’s press conference, which took place a little later. Of course, no one expected the Fed to signal an interest rate cut already at this meeting, but traders were counting on signs of a change in policy in the near future. According […]

4-hour timeframe Technical details: Older linear regression channel: direction – down. Younger linear regression channel: direction – down. Moving average (20; smoothed) – sideways. CCI: 103.7750 The Federal Reserve helped both the euro and the sterling pound unwittingly yesterday. The most interesting thing is that the Fed left the rate unchanged. They did not announce […]

USDCAD gave up last week’s gains and slumped below the 200-day moving average (SMA) and towards a more than a three-month low of 1.3231 on Thursday. According to the RSI and the fast Stochastics, the market could turn even bearish in the near-term as both indicators are sloping downwards and are still above oversold territory. […]

To open long positions on GBP/USD you need: Pound buyers are optimistic and continue to open long positions. Today’s goal in the first half of the day will be the level of 1.2688, consolidating on which, following the Bank of England’s decision on interest rates, will lead the pound to new local high in the […]

To open long positions on EURUSD you need: Euro buyers are aiming for a resistance of 1.1286, where the first profit taking on long positions will be marked. However, the main task of the bulls will be a breakthrough and consolidation above this level in order to continue the upward trend in the area of […]

4 hour timeframe Technical details: Senior linear regression channel: direction – sideways. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 82.8856 On Wednesday, June 19, the day ended with extremely important macroeconomic events. Firstly, it became known that the Fed’s key rate remained unchanged at the level of […]

When the European market opens, some economic data such as Consumer Confidence and Spain 10-year Bond Auction will be released. The US will publish economic data too. So, amid the reports,EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1289.Strong Resistance:1.1283. Original Resistance: 1.1272. Inner Sell […]

Japan will release such economic data as all Industries Activity m/m, BOJ Policy Rate, and Monetary Policy Statement while the US will publish such economic data as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, Current Account, and Philly Fed Manufacturing Index. So, there is a probability that the USD/JPY pair will move with […]

EUR/USD Following yesterday’s Federal Reserve meeting, the Open Market Committee made it clear that the first rate cut could be closer to the end of the year, or even in 2020. The decision turned out to be as soft as possible, however, the markets, apparently tuned in to purchases and emotionally bought out counterdollar currencies. […]

We are looking for a final dip closer to 134.52 to complete wave 2 and start a new impulsive rally in wave 3 that ultimately will take us back above the 148.87 peak. in the short-term, a dip closer to 134.52 remains expected as long as minor resistance at 136.94 is able to cap the […]

We continue to look for a final dip closer to 119.65. Therefore, we are seeing weakness in momentum for the decline from 127.50. This indicates that we are getting close to a possible bottom for wave ii and setting the stage for the next impulsive rally, which ultimately will bring us back above the 127.50 […]

GBP/USD Yesterday, the pound sterling ended 84 points higher. Convergence on a daily scale has proven to be effective. The Marlin oscillator signal line is in the growth zone. The immediate goal of the pound is the resistance line of the price channel at 1.2725. Overcoming resistance opens the way to growth to the MACD […]

USD/JPY The USD/JPY pair chose the downward scenario following yesterday’s Federal Reserve meeting. The trend reversal occurred from the zero line of the Marlin oscillator four-hour scale. The price for H4 has consolidated below the signal-target level of 107.78 (a January 10 low) and is now dropping to support the embedded line of the price […]

Join FX Evolution as we discuss how to trade intraday using some basic strategies with some advanced technical tricks. Don’t miss out on these three top tips: – How to use EMAs more effectively – The key price action signals to be looking for – How to define candles and wicks – How to calculate […]

Forecast for June 20: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1328, 1.1309, 1.1281, 1.1257, 1.1226, 1.1212, 1.1197 and 1.1162. Here, the price forms the potential for upward movement from June 16. The continuation of the movement to the top is expected […]

Forecast for June 20: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1328, 1.1309, 1.1281, 1.1257, 1.1226, 1.1212, 1.1197 and 1.1162. Here, the price forms the potential for upward movement from June 16. The continuation of the movement to the top is expected […]

We prepare a comprehensive analysis of movement options of the main currency instruments EUR / USD h4 vs #USDX h4 vs GBP / USD H4 from June 20, 2019. Minuette (h4) operating scale ____________________ US Dollar Index From June 20, 2019, the development of the dollar index movements #USDX will be determined by working off […]

We prepare a comprehensive analysis of movement options of the main currency instruments EUR / USD h4 vs #USDX h4 vs GBP / USD H4 from June 20, 2019. Minuette (h4) operating scale ____________________ US Dollar Index From June 20, 2019, the development of the dollar index movements #USDX will be determined by working off […]

4-hour timeframe The amplitude of the last 5 days (high-low): 77p – 46p – 102p – 76p – 59p. Average amplitude for the last 5 days: 72p (73p). The British pound sterling shows an enviable growth against the US currency on the eve of the announcement of the results of the Fed meeting and the […]