Elliott waves analysis – EUR/USD. The situation has shifted back in favor of the euro.

EURUSD – Up Yesterday’s trading day indicated a need for adjustments to the previously considered scenario. The price refuses to move towards the expected levels, suggesting the need for corrections…

Elliott waves analysis – USD/JPY. Resumption of downward movement is expected.

USDJPY – Down During the previous trading day, there weren’t any significant changes in the USD/JPY pair. The dollar is attempting to hold its ground at current levels, but its…

Elliott waves analysis – GBP/USD. The price may begin an upward impulse movement.

GBPUSD – Flat The situation with the GBP/USD pair is unfolding as expected. During the previous trading day, the price sharply plunged, reaching a new local minimum and triggering many…

Forex Fundamental Analysis – Euro strengthened its positions

EURUSD – Up EURUSD: EURUSD strengthened on Thursday, charting gains for the week after the US Dollar (USD) generally declined as a rise in US jobless claims sparked fresh hopes…

Forex Fundamental Analysis – Pound awaiting GDP data

GBPUSD – Flat An event to look out for today: 09:00 GMT+3. GBP – Change in GDP volume GBPUSD: GBPUSD is showing modest gains near 1.2520 in the early Asian…

Forex Fundamental Analysis – The dollar recovers its positions against the yen

USDJPY – Down USDJPY: USDJPY is trading near 155.70 on Friday in the early hours of Asian trading. Renewed demand for the US dollar (USD) is lifting the pair. However,…

Forex Fundamental Analysis – Inflation is gradually approaching the 2% target level

EURUSD – Up EURUSD: The EUR/USD may extend losses for the third consecutive session, trading near 1.0750 during the Asian session on Thursday. The US dollar (USD) is appreciating amid…

Forex Fundamental Analysis – In anticipation of interest rate data

GBPUSD – Flat Events to pay attention to today: 14:00 GMT+3. USD – BoE Interest Rate Decision GBPUSD: GBP/USD remains on the defensive around 1.2495 on Thursday in the early…

Forex Fundamental Analysis – USD/JPY pair continues to show growth

USDJPY – Down USDJPY: The USD/JPY pair traded in positive territory for the fourth consecutive day around 155.60 in the early hours of Asian trading on Thursday. However, concerns over…

Elliott waves analysis – EUR/USD. The situation maintains a bearish sentiment.

EURUSD – Up The previous trading day was dedicated to consolidating the price at the levels where it currently stands. The downward movement could unfold either in a cascade or…

Elliott waves analysis – GBP/USD. The pound is preparing for an impulse rise.

GBPUSD – Flat The previous trading day was calm for the GBP/USD pair. It almost seemed like there was no trading activity at all, as the chart remained practically unchanged.…

Elliott waves analysis – USD/JPY. The price may begin an impulse decline.

USDJPY – Down The dollar continues to slowly return to its price highs. However, at the moment, this recovery is viewed as a correction, so buyers are unlikely to fully…

Elliott waves analysis – USD/JPY. The corrective rise is expected to end soon.

USDJPY – Down The dollar fully took advantage of the opportunity presented by the level that previously acted as resistance but turned into support after being broken. The price bounced…

Elliott waves analysis – GBP/USD. The development of the corrective decline is expected to be completed soon.

GBPUSD – Flat The pound, like the euro, failed to improve its position and strengthen. Instead, a reverse movement began, which is presumably part of a downward correction. Two possible…

Forex Fundamental Analysis – EUR/USD decline continues

EURUSD – Up EURUSD: The Euro-dollar pair extended its losses for the second consecutive session, trading near 1.0740 during the Asian session on Wednesday. The US dollar (USD) is strengthening…

Forex Fundamental Analysis – Speculation of a rate cut undermines the pound

GBPUSD – Flat GBPUSD: The Pound-Dollar pair is trading on a softer note near 1.2500 on Wednesday during the early Asian session. The US Dollar Index (DXY) is recovering slightly…

Forex Fundamental Analysis – USD/JPY continues to grow

USDJPY – Down USDJPY: The Dollar-Yen pair traded in positive territory for the third consecutive day around 155.00 during the early Asian session on Wednesday. The US rate hike narrative…

Elliott waves analysis – EUR/USD. Growth is canceled.

EURUSD – Up The promising opportunity to strengthen its position against the euro slips away once again. Failing to rise and set a new local high, the price quickly reversed…

Elliott waves analysis – EUR/USD. Impulsive growth expected in the fifth wave.

EURUSD – Up The situation remains relatively stable. Activity is subdued, and the price is trading within a defined range, indicating a corrective movement. It’s possible that wave 4 is…

Forex Fundamental Analysis – Euro to dollar rally

EURUSD – Up An event to look out for today: 15:30 GMT+3. EUR – Change in retail trade volume EURUSD: EURUSD broke its four-day winning streak, trading near 1.0760 during…

Forex Fundamental Analysis – Expectation that the pound will not change the rate

GBPUSD – Flat GBPUSD: GBPUSD traded in positive territory for the fifth consecutive day near 1.2560 during the Asian session on Tuesday. The weakening US dollar (USD) is providing some…

Forex Fundamental Analysis – The yen is trying to recover

USDJPY – Down USDJPY: Unfavorable U.S. non-farm payrolls (NFP) and services PMI data last week raised expectations that the U.S. Federal Reserve (Fed) will cut interest rates this year. Traders…

Elliott waves analysis – GBP/USD. Expectations of impulsive price growth remain.

GBPUSD – Flat The situation with the considered pair remains under the control of buyers. Although nothing substantially important happened during the last trading day, and the exchange rate essentially…

Elliott waves analysis – USD/JPY. Correctional growth is developing.

USDJPY – Down As expected, the price perceived the previously breached resistance level as support and attempted to rise. Most likely, the current observed growth is corrective in nature, and…

Elliott waves analysis – EUR/USD. Impulsive growth is anticipated in the third wave.

EURUSD – Up Buyers are excessively eager to push the price higher, and this haste is causing interference. The overly steep angle of attack leads to overheating, which needs to…

Elliott waves analysis – USD/JPY. Correction development expected.

USDJPY – Down Strong price fluctuations dominated by bearish forces have led the exchange rate to break through a long-held resistance level. Now, this level may act as support for…

Elliott waves analysis – GBP/USD. The price may attempt another upward move.

GBPUSD – Flat The situation with the British currency is almost identical to what we’re observing with EUR/USD. Buyers hastily tried to reach new highs but overestimated their strength. As…

Forex Fundamental Analysis – Uncertain sentiment on EUR/USD

EURUSD – Up EURUSD: On Monday morning, the EUR/USD pair traded in positive territory for the fourth consecutive day, reaching a high of 1.0765. A softer US dollar (USD) is…

Forex Fundamental Analysis – Bank of England likely to keep rate at 5.25 per cent

GBPUSD – Flat GBPUSD: The GBP/USD pair continued its winning streak for the fourth consecutive day, trading near 1.2550 during Asian trading hours on Monday. The strengthening of the GBP/USD…

Forex Fundamental Analysis – The yen should be cautious about currency intervention

USDJPY – Down USDJPY: On Monday, the USD/JPY pair broke a three-day losing streak during Asian trading. The pair’s rise was fuelled by a moderate rebound in the US Dollar…