The EUR/USD currency pair managed to recover from the corrective move 1.1908 —> 1.196, where the July 31 high no longer plays a major role in the market. The recovery of the European currency rate was as fast as the correction itself, which suggests that speculative excitement is of great importance in the market. Much […]

EURUSD: Euro declined sharply from the level of 1.1915 We continue to buy from the level of 1.1810. We stop at 1.1765 and then take profit at 1.1960. Two options can be considered: The first option – Euro starts from the average and goes to our profit. The second option – Euro removes our stop […]

The three leading countries, United States, Brazil and India, now record 55 thousand new cases a day, and deaths of about 1,300 a day. If we total all their cases together, it will add up to 50% of all cases in the world. Meanwhile in Europe, a surge in infections is observed in some countries, […]

XAU/USD is trading at $2,047 level, lower versus $2,054 today high, and still below the $2,055 yesterday’s all-time high. The outlook is bullish, so the yellow metal could still approach the $2,100 psychological level if the USD continues dropping and if the COVID-19 crisis gets worse. The gold price has developed a minor exhaustion pattern, […]

Technical analysis recommendations for EUR/USD and GBP/USD on August 6 EUR / USD After several days of correction to the increase in attempted recovery of the upward trend. The maximum was updated, but it is too early to talk about the result, it should be formed. A secure anchorage above will allow you to hope […]

Good day, dear traders! So, at the end of today’s meeting, the Bank of England did not change the parameters of its monetary policy and kept everything as it is. The main interest rate remained at 0.10%, while the volume of bond purchases remained at 745 billion pounds. This decision fully coincided with market expectations. […]

The macroeconomic data in both the United States and the UK did not match forecasts in any way, and, oddly enough, this contributed to the pound’s strength. Which should have happened if all the expectations were confirmed. This happened only due to a single indicator. But about everything in order. The day started for the […]

The macroeconomic data in both the United States and the UK did not match forecasts in any way, and, oddly enough, this contributed to the pound’s strength. Which should have happened if all the expectations were confirmed. This happened only due to a single indicator. But about everything in order. The day started for the […]

Sterling jumps after BoE doesn’t mention negative rates, upgrades forecasts Stocks climb, dollar resumes downfall as markets keep betting Congress will deliver Dollar testing a crucial support area again – tomorrow’s NFP may be pivotal Otherwise, the spotlight remains on whether Congress will reach a deal soon BoE strikes a more cheerful tone, pound listens […]

AUDUSD is experiencing a steady appreciation and appears to be barely affected by a recent stumble in the price. This is reflected in the rising Ichimoku lines, which indicate that the pair’s positive momentum is intact. Furthermore, the Ichimoku cloud, the 50- and 100-day simple moving averages (SMAs), and the nearing bullish crossover of the […]

WTI oil futures for September delivery stabilized near the 200-day simple moving average (SMA) and around the 61.8% Fibonacci retracement of the 65.61-6.62 downleg after unlocking a five-month high of 43.49. Oil has been printing higher highs and higher lows since the plunge to a record low of 6.62, though the uptrend lost shine from […]

Euro and pound to rise, on the grounds of a weak US labor market report. However, pound may drop slightly after the Bank of England discuss decisions on the UK monetary policy, with which if no new measures are announced, demand for the pound could decrease, as the recent upward trend has more to do […]

There is growing confidence in the markets that the economically developed countries in Asia, Europe and North America, which have been hit hard by the coronavirus pandemic, are beginning to not only recover, but also show economic growth. This is most noticeable in China, where positive economic data were published first earlier. Finally, Europe, as […]

There is growing confidence in the markets that the economically developed countries in Asia, Europe and North America, which have been hit hard by the coronavirus pandemic, are beginning to not only recover, but also show economic growth. This is most noticeable in China, where positive economic data were published first earlier. Finally, Europe, as […]

Overview: The GBP/USD pair kept moving upwards from the level of 1.3050. Yesterday, the pair rose from the level of 1.3050 (weekly support) to the top around 1.3148. Today, the first support level is seen at 1.3106 followed by 1.3050, while daily resistance is seen at 1.3182. According to the previous events, the GBP/USD pair […]

Overview: The GBP/USD pair kept moving upwards from the level of 1.3050. Yesterday, the pair rose from the level of 1.3050 (weekly support) to the top around 1.3148. Today, the first support level is seen at 1.3106 followed by 1.3050, while daily resistance is seen at 1.3182. According to the previous events, the GBP/USD pair […]

To open long positions on GBP/USD, you need: We also failed to achieve clear signals to enter the market yesterday afternoon, but we clearly see that the bulls have taken the important level of 1.3100, from which they will try to build a new upward wave today. Much will depend on the Bank of England’s […]

To open long positions on GBP/USD, you need: We also failed to achieve clear signals to enter the market yesterday afternoon, but we clearly see that the bulls have taken the important level of 1.3100, from which they will try to build a new upward wave today. Much will depend on the Bank of England’s […]

To open long positions on EUR/USD, you need: After the bears tried to return the market to their side, and we are talking about short positions from 1.1858 (I analyzed it in detail in yesterday’s review), the bulls managed to break this range, which formed a new signal to buy the euro. If you look […]

To open long positions on EUR/USD, you need: After the bears tried to return the market to their side, and we are talking about short positions from 1.1858 (I analyzed it in detail in yesterday’s review), the bulls managed to break this range, which formed a new signal to buy the euro. If you look […]

GBP/USD Analysis: The direction of the trend of the British currency continues to be set by the March bullish wave of the instrument. The last section has been reporting since June 29. The price is selected to the lower limit of the preliminary target zone. Its width is more than 2 price figures, so you […]

GBP/USD Analysis: The direction of the trend of the British currency continues to be set by the March bullish wave of the instrument. The last section has been reporting since June 29. The price is selected to the lower limit of the preliminary target zone. Its width is more than 2 price figures, so you […]

The EUR/USD currency pair has been developing within the blue channel (1 + 2 + 3) for a long time, but during the past day, market participants managed to change its slope from 26 to 55 degrees, presumably creating new trend lines along which the quote can move in the future (3 + 4 + […]

Forecast for August 6: Analytical overview of currency pairs on the H1 scale: The key levels for the euro / dollar pair on the H1 scale are: 1.2066, 1.1983, 1.1915, 1.1842, 1.1800, 1.1768 and 1.1693. Here, the price has canceled the development of the descending structure for now and at the moment, we are watching […]

Forecast for August 6: Analytical overview of currency pairs on the H1 scale: The key levels for the euro / dollar pair on the H1 scale are: 1.2066, 1.1983, 1.1915, 1.1842, 1.1800, 1.1768 and 1.1693. Here, the price has canceled the development of the descending structure for now and at the moment, we are watching […]