Forex Fundamental Analysis – The dollar received unexpected support and is putting pressure on the euro

EURUSD – Up Event to watch out for today: 11:00 GMT+3. EUR – Composite PMI 11:30 GMT+3. GBP – Composite PMI 16:45 GMT+3. USD – Composite PMI EURUSD: The US…

Forex Fundamental Analysis – Strong retail sales data tries to save the pound

GBPUSD – Flat Event to watch out for today: 11:30 GMT+3. GBP – Composite PMI 16:45 GMT+3. USD – PMI Composite Index GBPUSD: The pound sterling rises to 1.2670 against…

Forex Fundamental Analysis – The Japanese yen is trying to bounce back

USDJPY – Down Event to watch out for today: 16:45 GMT+3. USD – Composite PMI USDJPY: The Dollar-Yen pair is holding near the 159.00 mark in the Asian session on…

Elliott waves analysis – GBP/USD: Further Development of the Corrective Decline.

GBPUSD – Flat The pound has predictably declined, and the price has updated the local minimum. The formation of the correction in the form of a simple zigzag could be…

Elliott waves analysis – EUR/USD. Development of the Third Wave of Upward Impulse.

EURUSD – Up The updated scenario with a simple zigzag is currently being confirmed. The previously formed impulse, identified as wave 1, was corrected by a minor decline during yesterday’s…

Elliott waves analysis – USD/JPY: The Upward Cycle Might Be Completed.

USDJPY – Down The dollar has finally managed to reach the target, which was set at the upper boundary of the presumed ending diagonal triangle. This might indicate the completion…

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Elliott waves analysis – USD/JPY. Price Continues to Consolidate.

USDJPY – Down Another trading day has ended without any significant events. The price continues to trade within a narrow range, showing no attempts to either rise or fall. As…

Elliott waves analysis – GBP/USD. Expected Decline in Wave C of the Zigzag.

GBPUSD – Flat The situation for GBP/USD has not seen any significant changes. The price likely continues to form a correction, represented by a simple zigzag, and wave b is…

Elliott waves analysis – EUR/USD. Likely Formed a Simple Zigzag.

EURUSD – Up The scenario involving a double zigzag correction appears to be incorrect. The market seems to have been sufficiently corrected by a simple zigzag. The waves fit well…

Forex Fundamental Analysis – Waiting for PMI data

EURUSD – Up An event to look out for today: 15:30 GMT+3. USD – Number of initial applications for unemployment benefits EURUSD: EUR/USD was cyclical on Wednesday as US markets…

Forex Fundamental Analysis – Waiting for the Bank of England interest rate decision

GBPUSD – Flat Events to watch out for today: 14:00 GMT+3. GBP – Bank of England key interest rate decision 15:30 GMT+3. USD – Number of initial applications for unemployment…

Forex Fundamental Analysis – Yen looks unconfident against the dollar

USDJPY – Down An event to look out for today: 15:30 GMT+3. USD – Number of initial applications for unemployment benefits USDJPY: The USD and JPY pair is trading above…

Elliott waves analysis – GBP/USD: The Zigzag Continues to Form.

GBPUSD – Flat The situation for the GBP/USD pair continues to unfold according to the previously outlined plan. The price is slightly increasing, likely forming wave b of a simple…

Elliott waves analysis – EUR/USD: Potential Resumption of Decline within Forming Correction.

EURUSD – Up The anticipated deception from the euro materialized, leading to the decision not to hastily sell at yesterday’s market prices. After showing an intention to move downward, the…

Elliott waves analysis – USD/JPY: Low Activity Persists.

USDJPY – Down The situation for the USD/JPY pair remains consistently calm. The price is not making any sharp movements, maintaining balance at the same level. Everything seems to be…

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Forex Fundamental Analysis – US markets begin to rest mid-week, market flows will be reduced

EURUSD – Up EURUSD: The EUR/USD is gradually increasing in value, despite the current market conditions. This is due to the upcoming quiet Wednesday, which will see few significant EU…

Forex Fundamental Analysis – GBP/USD ahead of UK consumer price index release

GBPUSD – Flat Event to pay attention to today: 09:00 GMT+3. GBP – Consumer Price Index GBPUSD: The GBP/USD pair has been unable to make meaningful gains on Wednesday and…

Forex Fundamental Analysis – Traders are cautious amid subdued dollar price dynamics

USDJPY – Down USDJPY: The USD/JPY pair exhibited limited volatility during the Asian session on Wednesday, currently trading just below the 158.00 round mark. Spot prices have remained relatively stable…

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Elliott waves analysis – EUR/USD: Preparing for Another Bearish Wave.

EURUSD – Up The euro is cautiously rising against the dollar, fitting well within the wave scenario suggesting a correction in the form of a double zigzag. The first part…

Elliott waves analysis – GBP/USD: Price Continues Correction Development.

GBPUSD – Flat After a fairly strong downward movement, the price has started to decelerate, likely indicating the beginning of the corrective phase in the anticipated zigzag pattern. The expected…

Elliott waves analysis – USD/JPY: Final Diagonal Triangle Nearing Completion.

USDJPY – Down The price continues to meander aimlessly within the channel. Buyers are likely aiming to reach the upper boundary, completing the final diagonal triangle and the entire upward…

Forex Fundamental Analysis – The Fed’s stance supports the dollar against the euro

EURUSD – Up Events to watch out for today: 12:00 GMT+3. EUR – Consumer Price Index 15:30 GMT+3. USD – Retail Sales EURUSD: The Euro-dollar pair is trading down near…

Forex Fundamental Analysis – Dollar recovery puts pressure on GBP/USD

GBPUSD – Flat Events to watch out for today: 15:30 GMT+3. USD – Retail sales GBPUSD: The Pound Sterling (GBP) is facing selling pressure in an attempt to extend its…

Forex Fundamental Analysis – Continued high Fed rates support USD/JPY growth

USDJPY – Down Events to watch out for today: 15:30 GMT+3. USD – Retail sales USDJPY: The Dollar-Yen pair is unable to capitalize on its gains over the past three…

Elliott waves analysis – EUR/USD: Euro Expected to Slightly Increase.

EURUSD – Up The situation continues to unfold according to the previously outlined plan. The euro has confidently declined and updated the local minimum, presumably completing wave a in the…

Elliott waves analysis – USD/JPY: Price Remains Within the Channel Forming an Ending Diagonal Triangle.

USDJPY – Down The price attempted to quickly reach the upper boundary of the presumed ending diagonal triangle but fell short. It is possible that this entire wave structure has…