EURUSD – Up Buyers‘ position is worsening further. The price attempted to rise, reaching a new local maximum, which was previously identified as a signal for entering long positions. However,…
Rubrika: Forex
Elliott waves analysis – GBP/USD. The price remains within the expected scenario.
GBPUSD – Flat For the GBP/USD pair, it seems like nothing significantly important has occurred. The price continued its decline, staying within the bounds of the considered ascending ending diagonal…
Elliott waves analysis – USD/JPY. No changes occurred over the past day.
USDJPY – Down The enthusiasm of buyers has slightly decreased. The speed of movement noticeably dropped, but the price remained at the same levels. Sellers urgently need to find some…
Forex Fundamental Analysis – Euro aims for lower interest rates
EURUSD – Up EURUSD: EUR/USD is declining amid a stronger US dollar at the start of the Asian session on Tuesday. The Federal Reserve (Fed) monetary policy meeting on Wednesday…
Forex Fundamental Analysis – Bank of England remains cautious
GBPUSD – Flat GBPUSD: The GBP/USD pair remains under some selling pressure at the start of the Asian session on Tuesday. A rising US dollar and rising US yields provide…
Forex Fundamental Analysis – The yen is losing ground to the dollar
USDJPY – Down USDJPY: The Japanese yen (JPY) declined for the sixth consecutive day sliding to a near two-week low against its U.S. counterpart during the Asian session. Growing confidence…
Forex Fundamental Analysis – EUR/USD below the psychological mark
EURUSD – Up EURUSD: EUR/USD is trading below 1.0900 at the start of the Asian session on Monday. The rise of the US dollar (USD) above 103.50 is putting pressure…
Forex Fundamental Analysis – GBP/USD stops the fall
GBPUSD – Flat GBPUSD: The GBP/USD pair appeared to reverse the decline that began on Thursday, hovering around 1.2730 during the Asian session on Monday. However, the pair faced setbacks…
Forex Fundamental Analysis – The Japanese yen continues to decline
USDJPY – Down USDJPY: The Japanese yen (JPY) remained in negative territory for the fifth consecutive day on Monday and slipped below 149.00 during the Asian session, hitting a one-week…
Elliott waves analysis – EUR/USD. The price attempts to resume its upward movement.
EURUSD – Up The price indeed reached the lower boundary of the ascending channel, within which a diagonal triangle formation is presumed to be taking place. This decline is viewed…
Elliott waves analysis – GBP/USD. The corrective decline is not yet complete.
GBPUSD – Flat The situation with the considered pair is unfolding within the framework of the updated scenario. The price is moving downward, presumably forming corrective wave 4 within the…
Elliott waves analysis – USD/JPY. The current rise may soon come to an end.
USDJPY – Down The resistance level considered previously had no impact on buyers. The price continued to rise, ominously approaching the initial point of the rapid decline. At the moment,…
Elliott waves analysis – EUR/USD. Euro needs to rectify the situation.
EURUSD – Up Buyers failed to capitalize on the opportunity provided, and the initiative was instantly lost. The price collapsed, offering no chance for the scenario of upward impulsive movement…
Elliott waves analysis – GBP/USD. Attempt to realize the scenario of a terminating diagonal triangle.
GBPUSD – Flat The pressure from the US dollar proved too much for the British pound to withstand. Instead of the expected rise, the price moved in the opposite direction.…
Elliott waves analysis – USD/JPY. Resumption of impulsive decline.
USDJPY – Down The expected decline in the pair has not materialized yet. The price continued to rise, but the movement lacks conviction, resembling more of a correction. Most likely,…
Forex Fundamental Analysis – EUR/USD continues to decline
EURUSD – Up Events to pay attention to today: 17:00 EET. USD – Michigan Consumer Sentiment EURUSD: The EUR/USD pair continued its downtrend for the second day in a row,…
Forex Fundamental Analysis – GBP/USD remains under pressure
GBPUSD – Flat Events to pay attention to today: 17:00 EET. USD – Michigan Consumer Sentiment GBPUSD: The GBP/USD continues to slide around the mid 1.2700’s in early Asian trading…
Forex Fundamental Analysis – Uncertainty about the Bank of Japan’s policy
USDJPY – Down Events to pay attention to today: 17:00 EET. USD – Michigan Consumer Sentiment USDJPY: The Japanese Yen (JPY) extended its downtrend against the US Dollar for a…
Forex Fundamental Analysis – Euro tries to consolidate gains
EURUSD – Up Events to watch out for today: 14:30 EET USD – Change in retail trade volume 16:30 EET USD – Change in natural gas reserves EURUSD: The Eurodollar…
Forex Fundamental Analysis – Waiting for macroeconomic events on USD
GBPUSD – Flat Events to watch out for today: 14:30 EET USD – Change in retail trade volume 16:30 EET USD – Change in natural gas reserves GBPUSD: GBPUSD is…
Forex Fundamental Analysis – Extended trading range for USD to Yen
USDJPY – Down Events to watch out for today: 14:30 EET USD – Change in retail trade volume 16:30 EET USD – Change in natural gas reserves USDJPY: The Japanese…
Elliott waves analysis – EUR/USD. Resumption of Upward Movement Expected.
EURUSD – Up As anticipated, the corrective phase has continued. An attempt to rise was abruptly halted, and the price fell, reaching a new local minimum. Currently, there is another…
Elliott waves analysis – GBP/USD. Pound to Attempt a Rise.
GBPUSD – Flat Unlike the euro, the pound failed to provide a smooth corrective decline, surrendering all initiative to the American currency. As a result, this led to a fairly…
Elliott waves analysis – USD/JPY. The yen is expected to resume its decline against the dollar.
USDJPY – Down The dollar took advantage of the yen’s hesitation and managed to slightly recover its lost positions. However, the observed increase appears to be the fourth wave in…
Forex Fundamental Analysis – Expecting a favorable news background for the euro
EURUSD – Up EURUSD: Final German inflation data was released in line with expectations, while mixed US Consumer Price Index (CPI) data caused investors to dismiss inflation concerns and remain…
Forex Fundamental Analysis – Reasons for GBP/USD downgrade
GBPUSD – Flat Event to watch out for today: 09:00 EET. GBP – Change in GDP volume GBPUSD: The strengthening of the US dollar after the publication of the US…
Forex Fundamental Analysis – Ups and downs of the dollar to yen pair
USDJPY – Down USDJPY: The Japanese yen is rising against its U.S. counterpart during the Asian session on Wednesday and is moving away from a one-week low hit the previous…
Forex Fundamental Analysis – EUR/USD continues its rally
EURUSD – Up Events to pay attention to today: 09:00 EET. EUR – CPI m/m 14:30 EET. USD – CPI m/m EURUSD: The EUR/USD rebounded after two days of losses,…
Forex Fundamental Analysis – GBP/USD positive bias
GBPUSD – Flat Events to pay attention to today: 09:00 EET. GBP – Claimant Count Change 14:30 EET. USD – CPI m/m GBPUSD: In the early hours of Asian trading…
Forex Fundamental Analysis – Undermining the yen
USDJPY – Down Events to pay attention to today: 14:30 EET. USD – CPI m/m USDJPY: In Tuesday’s Asian session, the Japanese yen (JPY) continues to perform well against the…