USDJPY – Down The changes in the past trading day for this pair were quite significant. The dollar’s exchange rate dropped considerably, although it was expected that after the development…
Rubrika: Forex
Elliott waves analysis – GBP/USD. The trading situation remains unclear.
GBPUSD – Flat The current retracement movement lacks a clear wave structure. Considering the developing situation in EUR/USD, where an upward movement is anticipated, it can be assumed that the…
Elliott waves analysis – EUR/USD. Resumption of Upward Impulse Movement.
EURUSD – Up Over the past trading day, there were minor changes in the wave pattern of this pair. The price calmly updated the local minimum and attempted a sharp…
Forex Fundamental Analysis – EUR/USD trades unchanged near 1.0840
EURUSD – Up Event to watch out for today: 15:30 GMT+3. USD – GDP volume change for the quarter EURUSD: The Euro-dollar pair traded in negative territory for the third…
Forex Fundamental Analysis – Expectation of a rate cut hits the pound
GBPUSD – Flat Event to watch out for today: 15:30 GMT+3. USD – GDP volume change for the quarter GBPUSD: The Pound-Dollar pair is down to 1.2895 during Asian trading…
Forex Fundamental Analysis – Japanese yen hits 12-week high
USDJPY – Down Event to watch out for today: 15:30 GMT+3. USD – GDP volume change for the quarter USDJPY: The Japanese yen (JPY) continues its uptrend against the US…
Forex Fundamental Analysis – Calm start to the week halts EUR/USD moves
EURUSD – Up Event to watch out for today: 17:00 GMT+3. USD – Existing Home Sales EURUSD: EUR/USD fluctuated just below 1.0900 on Monday as the new trading week started…
Forex Fundamental Analysis – GBP/USD awaiting UK and US PMI data
GBPUSD – Flat Event to watch out for today: 17:00 GMT+3. USD – Existing Home Sales GBPUSD: GBP/USD moved sideways on Monday, fluctuating just above 1.2900 as markets took a…
Elliott waves analysis – GBP/USD. The Price Continues to Form a Downward Corrective Structure.
GBPUSD – Flat The current attempt to resume the decline in the considered trading pair seems somewhat illogical. The price would benefit from consolidating in a sideways movement for a…
Elliott waves analysis – EUR/USD. Development of the Corrective Movement Will Continue.
EURUSD – Up The price, instead of continuing to trade within a narrow range, unexpectedly started moving. The euro began to decline again and updated its local minimum. This led…
Forex Fundamental Analysis – Japanese yen appreciates amid risk reduction
USDJPY – Down Event to watch out for today: 17:00 GMT+3. USD – Existing Home Sales USDJPY: The Japanese Yen (JPY) continues to rise for the second consecutive session on…
Elliott waves analysis – USD/JPY. Possible Growth Within the Forming Correction.
USDJPY – Down While the dollar has slightly strengthened against major European currencies, it experienced a small decline against the Japanese yen. This movement is likely part of the current…
Forex Fundamental Analysis – EUR/USD pulls back ahead of key data release
EURUSD – Up Event to watch out for today: 11:00 GMT+3. EUR – Composite PMI 16:45 GMT+3. USD – Composite PMI EURUSD: EUR/USD is down by a third of a…
Forex Fundamental Analysis – GBP/USD declines as markets prepare for a data-rich midweek
GBPUSD – Flat Event to watch out for today: 11:30 GMT+3. GBP – Composite PMI 16:45 GMT+3. USD – Composite PMI GBPUSD: GBP/USD is down one-fifth of a percent on…
Forex Fundamental Analysis – Japanese yen rises on rate hike expectations
USDJPY – Down Event to watch out for today: 03:30 GMT+3. JPY – Composite PMI 16:45 GMT+3. USD – Composite PMI USDJPY: The Japanese Yen (JPY) continues to rise for…
Elliott waves analysis – GBP/USD. Wave 2 Formation in the Upward Impulse Continues.
GBPUSD – Flat The situation for this pair also hasn’t seen any significant changes, which was quite expected. After a strong rise and updating the current year’s high, the price…
Elliott waves analysis – EUR/USD. Development of the Correctional Phase Continues.
EURUSD – Up The situation during the past trading day has seen almost no changes. The price remains at the same levels as before. Such trading behavior in the near…
Elliott waves analysis – USD/JPY. The Correction Development Will Continue.
USDJPY – Down After forming a clear impulse movement, the price began to rise. This rise, as previously indicated, is very likely to be corrective and will probably take the…
Elliott waves analysis – GBP/USD. Correction Continues to Develop.
GBPUSD – Flat The situation for the GBP/USD pair is unfolding as expected. Previously, an upward impulse likely formed, constituting wave 1. This wave 1 is probably part of wave…
Elliott waves analysis – EUR/USD. The Formation of Corrective Waves.
EURUSD – Up The current situation aligns well with the previously suggested wave scenario. After a significant impulsive rise, the price has logically started to pull back. The formed upward…
Elliott waves analysis – USD/JPY. Continuation of the Formation of a Corrective Structure.
USDJPY – Down The rapid price decline, as anticipated, has concluded. A clear downward impulse has formed, followed by a price increase. However, a prolonged upward movement is unlikely. The…
Forex Fundamental Analysis – EUR/USD holds near 1.0900 amid weaker US dollar
EURUSD – Up EURUSD: The Euro-dollar pair consolidated near 1.0895 in the early Asian session on Monday. The decline in the US dollar (USD) is providing some support to the…
Forex Fundamental Analysis – GBP/USD starts the new week on a positive note
GBPUSD – Flat GBPUSD: The Pound-Dollar pair attracted some buying during the Asian session on Monday and for the time being seems to have paused its corrective decline from the…
Forex Fundamental Analysis – Bank of Japan monetary policy normalization will help support the economy
USDJPY – Down USDJPY: The Japanese yen (JPY) remains weak on Monday, extending its losing streak to a third straight session. Traders are preparing for next week’s Bank of Japan…
Forex Fundamental Analysis – EUR/USD pulls back to 1.0900
EURUSD – Up EURUSD: On Thursday, the EUR/USD exchange rate declined, retracing to the 1.0900 mark as the US dollar rebounded in trading. A rise in weekly US jobless claims…
Forex Fundamental Analysis – U.S. dollar sales take a breather
GBPUSD – Flat GBPUSD: The GBP/USD currency pair retreated below the pivotal 1.3000 level on Thursday, as the US dollar short position eased. Following a strong rally at the start…
Forex Fundamental Analysis – Japanese yen remains quiet after mixed inflation data release
USDJPY – Down USDJPY: Following the release of the latest inflation data on Friday, the Japanese Yen (JPY) has remained stable. The Japanese national consumer price index (CPI) for June…
Elliott waves analysis – EUR/USD. The Formation of Corrective Waves Has Begun.
EURUSD – Up Buyers had just enough strength to slightly exceed the previously established maximum, which is barely noticeable on the chart. Nonetheless, a new maximum was set. Immediately after…
Elliott waves analysis – USD/JPY. The Beginning of an Impulsive Decline.
USDJPY – Down During the last trading day, the formation of a descending impulsive wave in the USD/JPY pair likely concluded. This might be just the beginning of a significant…
Elliott waves analysis – GBP/USD. Correction Wave Development Expected.
GBPUSD – Flat The situation in the pair is similar to what is observed with EUR/USD. Here too, the development of a strong bullish wave, apparently an impulse, has ended,…
