We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week. Video Agenda: 00:00 INTRO 00:13 Totay’s…
The EUR/USD pair is moving around the base of the downward cycle, where a sideways range has formed. The support level is at 1.0600, while the peak of the sideways range can reach the value of 1.0700. On the 4-hour chart, the RSI hovered along the 50 mid line, indicating uncertainty among market participants. On…
From what we see on the 4-hour chart, the Natural Gas commodity asset shows a Bullish 123 pattern, the level of the Bullish Fair Value Gap area and the intersection of the Golden Cross between MA 20 and 50, which indicates that Buyers are quite dominant at the moment so as long as there is…
EUR/USD Higher Timeframes No significant changes over the past 24 hours. Consolidation continues, so uncertainty persists. The daily short-term trend has moved closer to the price chart. Today, it can be found at 1.0680, practically within the consolidation zone. In case of upward movement, the next resistances are located around 1.0732-56 (daily + weekly Fibonacci…
EUR/USD Yesterday, the euro held the candle body in the range of 1.0636/56, and even closed the day slightly lower. However, the Marlin oscillator continued to rise on the daily chart, pulling the price towards leaving the range, presumably towards the level of 1.0696. Overcoming this resistance will allow the price to correct higher towards…
GBP/USD The British pound worked through the target range of 1.2287-1.2307 yesterday and moved out of it, approaching the resistance level at 1.2370. However, we didn’t expect the price to overcome the range on its first attempt; we were actually expecting a correction. The Marlin oscillator moved upward as a sign of support. However, Marlin…
Analysis of EUR/USD 5M EUR/USD traded mostly sideways with low volatility on Monday. We have seen the same movement for six days now, so we have formed a channel that illustrates the current direction. It is moderately upward but very close to sideways. The euro has stopped falling, but no one expects the pair to…
Highest yields and demand for safe haven assets. These are the two key ingredients for a stronger USD in 2024. At the beginning of the year, few believed that the USD index could rise. By the end of April, only a few bears are sticking to their forecasts. For instance, Bank of America predicts the…
GBP/USD On Friday, the British pound sharply fell towards the target level of 1.2370. The signal line of the Marlin oscillator managed to stay in the upper half of its own descending channel and has already turned upwards. The pound is likely on track for a correction. The boundary for such a correction is at…
EUR/USD Last Friday, the euro made a two-way shadow exit from both sides of the range between 1.0636/56, while keeping its body inside this range. In today’s Asian session, the price broke above the range, supported by the rising Marlin oscillator. The pair will likely start a corrective phase in the next few days. Considering…