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rss: Technical Analysis • Published Thu, 26 May 2022 17:06 GMT

The price of bitcoin plunged in the first part of the day. It has registered a 7.24% drop from 30,189.70 yesterday's high to 28,003 today's low. In the short term, the crypto continues to move sideways. Technically, the price action signaled exhausted sel...
rss: Technical Analysis • Published Thu, 26 May 2022 17:04 GMT

GBP/USD Uptrend!The GBP/USD pair increases at the time of writing and it could try to approach and reach the 1.2639 key level, the former high which stands as a potential upside obstacle. As long as it stays above the uptrend line, the pair could resume i...
rss: Technical Analysis • Published Thu, 26 May 2022 16:25 GMT

The EUR/USD pair rallied at the time of writing as the Dollar Index extended its drop. It was trading at 1.0825 and it seems determined to approach and reach new highs. DXY's further drop may force the greenback to lose more ground versus its rivals. Fund...
rss: Technical Analysis • Published Thu, 26 May 2022 16:24 GMT

Gold dropped in the last hours signaling that today's rebound could be only a temporary one. It was trading at 1,846 at the time of writing. In the short term, it is trapped within a narrow range. Technically, the price action signaled a potential downsid...
rss: Technical Analysis • Published Thu, 26 May 2022 16:20 GMT

In late September, Re-closure below the price level of 1.1700 has initiated downside-movement towards 1.1500 where some recovery was witnessed.Shortly after, Price levels around 1.1700 managed to hold prices for a short period of time before another price...
rss: Technical Analysis • Published Thu, 26 May 2022 16:19 GMT

A short- term sideway movement was demonstrated within the highlighted zone around 1.1600 before quick bearish decline could occur towards 1.1200.On the other hand, the price zone around 1.1500 - 1.1600 remained a reference zone that applied significant b...
rss: Technical Analysis • Published Thu, 26 May 2022 16:18 GMT

The GBPUSD pair has been moving within the depicted bearish channel since July.Sideway movement was expressed above 1.3600 while the price levels around 1.3730 - 1.3800 were considered as they offered significant bearish rejection.The short-term outlook t...
rss: Technical Analysis • Published Thu, 26 May 2022 16:14 GMT

According to the Washington Post, some European energy companies finally accepted Russian President Vladimir Putin's demand to pay for natural gas in rubles. According to the Washington Post, European energy companies finally accepted Russian President Vl...
rss: Technical Analysis • Published Thu, 26 May 2022 15:51 GMT

The decline of the UK top 100 stock index found support in early May in the 7,155.00/7,185.00 zone. Since the event, the index has been highly volatile in the 7,200.00/7,500.00 ...
rss: Action Forex • Technical Analysis • Published Thu, 26 May 2022 15:51 GMT

NZD/USD has formed what may be construed as bearish flag formation. But after Wednesdays more hawkish than expected RNBNZ, traders should be prepared for a reversal as much as they are primed for any continuation in the recent downtrend. Also, keep in min...
rss: Technical Analysis • Published Thu, 26 May 2022 15:39 GMT

The price for Ethereum dropped to the 2021 summer low level at 1,721.00 on May 11. The low level acted as support and caused a retracement to the previous ...
rss: Technical Analysis • Published Thu, 26 May 2022 15:38 GMT

Investors went back to selling the US dollar after the minutes of the last FOMC meeting were released. Recession fears are snowballing through the market, fueling talk of 10-year US Treasury yields peaking at 3.2% in mid-May. Since then, debt rates have b...
rss: Technical Analysis • Published Thu, 26 May 2022 15:03 GMT

At mid-day on Thursday, the USD/CAD currency pair declined below the 1.2800 level. The 1.2800 was acting as support to the currency pair, as it made attempts at passing the ...
rss: Action Forex • Fundamental Analysis • Published Thu, 26 May 2022 15:02 GMT

The Australian dollar started the week with gains of close to one percent, but has been mostly drifting since then. AUD/USD is trading quietly, just below the 0.71 line. It hasnt been a very good week on the Australian release front, raising concerns that...
rss: Technical Analysis • Published Thu, 26 May 2022 14:58 GMT

Gold (XAU/USD) is extending the pullback from the highs of 1,870, while the US dollar is holding on to small recovery gains amid an environment of cautious risk. The US dollar index is trading at 101.94.The convergence of the 23.6% Fibonacci retracement o...
rss: Technical Analysis • Published Thu, 26 May 2022 14:23 GMT

The GBP/JPY currency exchange rate has confirmed that a resistance zone exists at 160.70/161.00. Meanwhile, support is being found in the 159.00 and 158.50 levels. A surge of the Pound against ...
rss: Action Forex • Fundamental Analysis • Published Thu, 26 May 2022 14:04 GMT

According to the second estimate of real GDP, first quarter growth declined by 1.5% quarter-over-quarter (q/q, annualized). This was a slight downgrade from the -1.4% suggested in the advance estimate released last month. The reading came in slightly belo...
rss: Action Forex • Fundamental Analysis • Published Thu, 26 May 2022 14:01 GMT

Retail sales were flat in March, well below Statistics Canada] The post Canada: Motor Vehicle Sales Weigh on March Retail Spending...
rss: Action Forex • Technical Analysis • Published Thu, 26 May 2022 13:59 GMT

S] The post S&P 500 Wave Analysis appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Thu, 26 May 2022 13:57 GMT

GBPAUD reversed from support level 1.7620 Likely to rise to resistance level 1.7825 GBPAUD recently reversed up from the support level 1.7620, which is the lower boundary of the tight sideways price range inside which the pair has been moving from the sta...
rss: Action Forex • Fundamental Analysis • Published Thu, 26 May 2022 13:56 GMT

US futures Dow futures +0.64% at 32340 S] The post Stocks Rise as GDP, Jobless Claims Fall appeared first on Action Forex....
rss: Technical Analysis • Published Thu, 26 May 2022 13:36 GMT

Stock Asia showed mainly a fall to 1%. However, some indicators showed an increase: Shanghai Composite by 0.68%, and Shenzhen Composite - by 0.79%. Other indicators declined: Hong Kong's Hang Seng Index - by 0.41%, Korea's Hang Seng Index - by 0.13%, Aust...
rss: Technical Analysis • Published Thu, 26 May 2022 13:36 GMT

According to the hourly chart, the GBP/USD pair performed a reversal in favor of the British yesterday and resumed the growth process, ending up at the level of 1.2600, from which it twice rebounded a day earlier. At the time of writing, the pair has ...
rss: Technical Analysis • Published Thu, 26 May 2022 13:30 GMT

Today we take a look at BCOUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.The material has been provided by I...
rss: Technical Analysis • Published Thu, 26 May 2022 13:20 GMT

The AUD/USD has traded between the support of the 0.7040 and 0.7060 levels and the resistance of the 0.7100 and 0.7110 levels. A potential decline is set to look for support ...
rss: Technical Analysis • Published Thu, 26 May 2022 13:18 GMT

The largest food crisis in Europe, unseen since World War II, is looming. This was recently reported by the Chinese newspaper Xinhua, blaming not only the military situation in Ukraine but also the European government, which has imposed harsh sanctions ag...
rss: Technical Analysis • Published Thu, 26 May 2022 13:13 GMT

Hi, dear traders! EUR/USD reversed upwards on Wednesday and has extended its uptrend on Thursday. At the time of writing, the pair returned to the retracement level of 127.2% (1.0705), but failed to settle above it. The current ascending channel indicates...
rss: Technical Analysis • Published Thu, 26 May 2022 12:14 GMT

Major European indexes advanced slightly early on Thursday, following gains in the US stock market. At the time of writing, the STOXX Europe 600 increased by 0.2% to 435.18 points. The index lost 0.6% over the past week due to investor anxiety about globa...
rss: Technical Analysis • Published Thu, 26 May 2022 12:13 GMT

Technical analysis: EUR/USD has been sideways today but I see potential for the downside breakout of the rising channel. Watch for potential downside breakout. Trading recommendation: Due to the strong downside cycle on the higher time-frame and very ...
rss: Technical Analysis • Published Thu, 26 May 2022 12:07 GMT

Technical analysis: Gold has been trading downside as expected but there is still space for potential test of lower references. Selling opportunities still preferable. Trading recommendation: Due to the strong downside cycle and the breakout of the up...
rss: Technical Analysis • Published Thu, 26 May 2022 12:01 GMT

USD/CHF is trading near 0.9592 as of this writing, down from a nearly 2-week high at 1.0020. Despite the decline, the long-term upward trend of USD/CHF remains, while the pair reached important support levels at 0.9615 (50 EMA on the daily chart), and 0....
rss: Technical Analysis • Published Thu, 26 May 2022 11:59 GMT

Technical outlook:Ethereum dropped through the $1,797 lows intraday on Thursday before finding support. The crypto is quickly pulling back through the $1,810-20 zone at this point in writing and is expected to turn higher towards $3,000 in the near term. ...
rss: Technical Analysis • Published Thu, 26 May 2022 11:59 GMT

Technical analysis: BTC has been trading downside as expected and there is potential for the major breakout of the key multi day flag. Selling opportunities are preferable due to strong downside cycle in the background. Trading recommendation: Due to ...
rss: Technical Analysis • Published Thu, 26 May 2022 11:46 GMT

The Energy Information Administration reported crude oil inventories in the country had shed 1 million barrels in the week.They now stand at 419.8 million barrels, 14% below the five-year average for this time of the year.Last week's inventory change comp...
rss: Technical Analysis • Published Thu, 26 May 2022 11:46 GMT

Technical outlook:Bitcoin slipped through $28,800 intraday on Thursday before finding mild support. The crypto is trading just above $29,000 at this point in writing as bears prepare to print yet another low around $27,800 before giving in to bulls. Bulls...
rss: Technical Analysis • Published Thu, 26 May 2022 11:42 GMT

Gold price is trading below $1,850. In the 4 hour chart according to the Ichimoku cloud indicator, trend is bullish as price is above the Kumo (cloud), but it is also vulnerable to more downside as it has broken below the tenakn-sen (red line indicator) a...
rss: Technical Analysis • Published Thu, 26 May 2022 11:42 GMT

Futures tied to the Dow Jones Industrial Average and the S&P 500 rose on Thursday as traders try to offset losses seen in the first half of this week. Dow futures rose 141 points or 0.4%. The S&P 500 rose 0.4%. Nasdaq rose 0.1%.Investors hope that inflati...
rss: Technical Analysis • Published Thu, 26 May 2022 11:42 GMT

The Japanese yen slightly regained its position against the US dollar after a peak of 131 yen per dollar was reached. Given that the rates of the central banks of these countries are going in opposite directions - the Fed is raising rates, and the Central...
rss: Technical Analysis • Published Thu, 26 May 2022 11:34 GMT

In a recent post we noted a bullish setup in GBPUSD. We noted that a break above 1.2515 would provide a bullish signal that would make us expect price to reach the blue rectangle area at 1.2670-1.2680 with key support at 1.2330.Red lines- bullish RSI dive...
rss: Technical Analysis • Published Thu, 26 May 2022 11:31 GMT

Technical outlook:Silver prices have been drifting sideways for the last three trading sessions broadly between $21.70 and $22.00-10. The rally since $20.45 has taken out initial resistance at $22.10 already as bulls entered the market. A high probability...
rss: Technical Analysis • Published Thu, 26 May 2022 11:28 GMT

In our last analysis on EURUSD, we marked the support area where we thought EURUSD would form a higher low and reverse to the upside. EURUSD made recently a high around 1.0750 and pulled back towards 1.0650 inside our target area.Blue lines- medium-term b...
rss: Technical Analysis • Published Thu, 26 May 2022 11:24 GMT

The two major cryptocurrencies are positively correlated and with today's Ethereum break down out of the trading range it was in for several days, we expect Bitcoin to follow as well. So far Bitcoin continues to respect the lower range boundary but the ch...
rss: Technical Analysis • Published Thu, 26 May 2022 11:10 GMT

Trading plan:Potential rally through $1,915-20 against $1,781Good luck!The material has been provided by InstaForex Company - www.instaforex.com...
rss: Action Forex • Fundamental Analysis • Published Thu, 26 May 2022 11:10 GMT

The yuan has been losing 1.6% in the past two days amid fears of an economic slowdown. This is a solid move compared to how unexpected the bad news was. In our opinion, the appreciation of the last two days should be seen as a continuation of the trend th...
rss: Technical Analysis • Published Thu, 26 May 2022 11:07 GMT

In my morning review, I mentioned the level of 1.2609 and recommended it as a good entry point. Let's look at the 5-minute chart and figure out where and how we should have entered the market. A rise in the quote and a false breakout of 1.2609 were quite ...
rss: Technical Analysis • Published Thu, 26 May 2022 10:58 GMT

In the morning article, I highlighted the level of 1.0700 and recommended taking decisions with this level in focus. Now let's look at the 5-minute chart and try to figure out what actually happened. The empty economic calendar affected the trajectory of ...
rss: Technical Analysis • Published Thu, 26 May 2022 10:54 GMT

Oil prices continue to consolidate below 111.65 because of fears that the world economy will fall into recession. However, the situation may already change today if the US GDP data for the 1st quarter turns out to be better than the forecasts. Even a slig...
rss: Technical Analysis • Published Thu, 26 May 2022 10:49 GMT

USD/JPY found support at 126.50. Rising risk appetite, as well as a decrease in US Treasury yields, may push the pair further up, especially if the US GDP data for the 1st quarter exceeds expectations.technical picture:The quote is below the middle line o...
rss: Technical Analysis • Published Thu, 26 May 2022 10:45 GMT

On Thursday, BItcoin is trading flat. At the moment of writing, its price is hovering near $29,758. According to CoinMarketCap, BTC has been trading within the range of $28,384 and $30,157 over the past 24 hours.Ethereum, the main BTC counterpart, also st...
rss: Technical Analysis • Published Thu, 26 May 2022 10:40 GMT

USD/CAD is consolidating above 1.2800 ahead of the release of the retail sales data from Canada. If the indicator shows a monthly value that is not worse than expected, then the pair will decline. Additional driver for it could be the growing oil prices.T...
rss: Technical Analysis • Published Thu, 26 May 2022 10:35 GMT

Technical outlook:USDJPY dropped through 126.55 on Thursday after hitting the 127.50-60 mark on Wednesday. The drop has been quite sharp but the price failed to take out the 126.36 swing low carved early this week. The currency pair is still looking to ra...
rss: Technical Analysis • Published Thu, 26 May 2022 10:29 GMT

Futures slipped, while stocks in Asia fluctuated in volatile trading on Thursday, as traders weighed Federal Reserve minutes that struck a less hawkish note with downbeat remarks on China's economy by Premier Li Keqiang.The S University of Michigan consum...
rss: Technical Analysis • Published Thu, 26 May 2022 10:08 GMT

Technical outlook:GBPUSD climbed to the 1.2612 highs on Thursday, just shy by 26 pips from its initial resistance at 1.2638 on the daily chart. The currency pair is trading at 1.2605 at this point in writing as bulls remain poised to push through 1.2640 i...
rss: Technical Analysis • Published Thu, 26 May 2022 10:04 GMT

Despite initially holding, the lower trend line of the post May 16 channel up pattern failed to provide enough support on Thursday morning. By the middle of the day's European ...
rss: Technical Analysis • Published Thu, 26 May 2022 09:55 GMT

Over the past week, Bitcoin has established itself as the new stablecoin. The asset continues to actively move in a strictly defined range of $29k$30k without prerequisites for going beyond this area. The main reason for the melancholic movement of the cr...
rss: Technical Analysis • Published Thu, 26 May 2022 09:53 GMT

Analysis of transactions in the GBP / USD pairGBP/USD reaching 1.2545 prompted a buy signal in the market, which led to a 10 pip increase as the MACD line was just starting to move above zero. However, the quote turned down immediately after and retested ...
rss: Technical Analysis • Published Thu, 26 May 2022 09:52 GMT

On Thursday morning, the USD/JPY had failed at its second attempt at passing the 127.50 level and a resistance zone, which surrounds it, as the head of the Bank of ...
rss: Action Forex • Fundamental Analysis • Published Thu, 26 May 2022 09:26 GMT

The US dollar rose during the American session as the market reacted to the latest minutes by the Federal Reserve. The minutes provided more color about the state of the banks officials as they try to lower the runaway inflation. Most officials agreed tha...
rss: Technical Analysis • Published Thu, 26 May 2022 09:23 GMT

The GBP/USD ended its sideways trading by breaking the resistance zone at 1.2555/1.2560. Afterwards, the pair tested the resistance of the May high level zone at 1.2600/1.2640. By the middle ...
rss: Technical Analysis • Published Thu, 26 May 2022 09:07 GMT

Hello, dear colleagues!The FOMC Minutes published yesterday came in line with market expectations. Most Committee officials are in favor of a 50 basis point rate increase in June and July. In August, the Fed will start reducing its massive bond holdings a...
rss: Technical Analysis • Published Thu, 26 May 2022 09:05 GMT

On Wednesday, the support of the 1.0625/1.0640 range held and a surge occurred, as the 100-hour simple moving average approached the pair from below. However, on midnight to Thursday the ...
rss: Action Forex • Fundamental Analysis • Published Thu, 26 May 2022 08:54 GMT

Bitcoin ignored the positive dynamics of US stock indices on Wednesday, further reducing the amplitude of its fluctuations. The first cryptocurrency has been moving in a $29.5-30.0K range since the start of active trading in New York. We caution that this...
rss: Action Forex • Technical Analysis • Published Thu, 26 May 2022 08:50 GMT

The cross is consolidating above important supports at 0.8486/77 (converged 10/20DMAs / Fibo 38.2% of 0.8249/0.8618) following Wednesdays sharp drop (0.9%). Bearish engulfing pattern formed on Wednesday, along with large bearish daily candle, weigh on nea...
rss: Technical Analysis • Published Thu, 26 May 2022 08:49 GMT

Despite initially holding, the lower trend line of the post May 16 channel up pattern failed to provide enough support on Thursday morning. By the middle of the day's European ...
rss: Action Forex • Technical Analysis • Published Thu, 26 May 2022 08:49 GMT

The Euro is trading within tight range around 1.07 handle in Europe on Thursday but remains constructive despite easing risk mode in Asia. The action stays above broken Fibo barrier at 1.0668 (38.2% of 1.1184/1.0349) and daily Kijun-sen (1.0643) which tur...
rss: Technical Analysis • Published Thu, 26 May 2022 08:47 GMT

Let's take a look at the technical picture of EUR/USD, EUR/JPY, USDX, SP500 and GoldThe material has been provided by InstaForex Company - www.instaforex.com...
rss: Technical Analysis • Published Thu, 26 May 2022 08:45 GMT

Watch for buying opportunities on the USD/CAD and potential breakout on the BTC.... The material has been provided by InstaForex Company - www.instaforex.com...
rss: Technical Analysis • Published Thu, 26 May 2022 08:30 GMT

On Thursday morning, the USD/JPY had failed at its second attempt at passing the 127.50 level and a resistance zone, which surrounds it, as the head of the Bank of ...
rss: Technical Analysis • Published Thu, 26 May 2022 08:25 GMT

On the H4, the price has recently broken the descending trendline and is moving above the Ichimoku cloud which supports our bullish bias that the price will rise from our 1st horizontal pullback support at 0.70341 in line with the 23.6% Fibonacci retracem...
rss: Technical Analysis • Published Thu, 26 May 2022 08:22 GMT

On the H4, with prices moving below the ichimoku indicator and the stochastic indicator moving in a downtrend channel, we have a bearish bias that price will drop from our 1st resistance at 127.699 where the horizontal overlap resistance and 23.6% fibonac...
rss: Technical Analysis • Published Thu, 26 May 2022 08:21 GMT

On the H4, with price recently breaking the ascending trend channel on the stochastics and moving below the ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 1730 in line with the horizontal swing low support from our 1st r...
rss: Technical Analysis • Published Thu, 26 May 2022 08:20 GMT

Details of the economic calendar from May 25 Data on durable goods orders in the United States increased by 0.4%. The changes are not so significant, so there was no reaction in the market. Analysis of trading charts from May 25 During the pullba...
rss: Technical Analysis • Published Thu, 26 May 2022 08:05 GMT

The GBP/USD ended its sideways trading by breaking the resistance zone at 1.2555/1.2560. Afterwards, the pair tested the resistance of the May high level zone at 1.2600/1.2640. By the middle ...
rss: Technical Analysis • Published Thu, 26 May 2022 08:00 GMT

Trend analysis (Fig. 1).The pound-dollar pair may move down from the level of 1.2573 (close of yesterday's daily candle) to the target of 1.2534, the 14.6% retracement level (yellow dotted line). When testing this level, the price may move up to the upper...
rss: Technical Analysis • Published Thu, 26 May 2022 07:51 GMT

Trend analysis (Fig. 1).The euro-dollar pair may move up from the level of 1.0678 (close of yesterday's daily candle) to test the upper fractal at 1.0748 (yellow dotted line). Upon reaching this level, the price may continue to move up to the resistance l...
rss: Technical Analysis • Published Thu, 26 May 2022 07:40 GMT

In recent years, an opinion has shaped that bitcoin has finally become a safe haven for capital at the time of upheavals. However, there is no doubt that in light of the current geopolitical and macroeconomic developments, demand for the flagship cryptocu...
rss: Technical Analysis • Published Thu, 26 May 2022 07:38 GMT

On Wednesday, the support of the 1.0625/1.0640 range held and a surge occurred, as the 100-hour simple moving average approached the pair from below. However, on midnight to Thursday ...
rss: Technical Analysis • Published Thu, 26 May 2022 07:30 GMT

Even though the information background has not changed in any way, and in general there was no news yesterday in principle, the market showed noticeable activity. And if during the European trading session, the single European currency and the pound decli...
rss: Action Forex • Technical Analysis • Published Thu, 26 May 2022 07:27 GMT

EURGBP posted strong losses on Wednesday, erasing the previous gains, and returning above the 20-day simple moving average (SMA)....
rss: Technical Analysis • Published Thu, 26 May 2022 06:58 GMT

Billionaire hedge fund manager Bill Ackman called on the Federal Reserve to spare no effort on quelling high inflation. In a slew of tweets posted on Tuesday, the CEO of Pershing Square Capital Management stated that inflation continued to threaten the US...
rss: Action Forex • Technical Analysis • Published Thu, 26 May 2022 06:54 GMT

AUDUSD is fading from the 0.7127 price level where its 22...
rss: Technical Analysis • Published Thu, 26 May 2022 06:50 GMT

Yesterday, a fairly large number of excellent market entry signals were formed, which turned out to be quite profitable. Let's take a look at the 5-minute chart and see what happened. In my forecast, I paid attention to the level of 1.2553 and advised you...
rss: Technical Analysis • Published Thu, 26 May 2022 06:20 GMT

The US currency temporarily retreated, but later made up for lost time, demonstrating multidirectional dynamics by the end of the week. Some fluctuations in the USD occurred after the release of the minutes of the Federal Open Market Committee (FOMC).The ...
rss: Technical Analysis • Published Thu, 26 May 2022 06:01 GMT

Activity in the market increased yesterday despite the lack of any fundamentals whatsoever. The euro was bearish during the European session amid the general strengthening of the dollar. However, after the opening of the North American session, the curren...
rss: Technical Analysis • Published Thu, 26 May 2022 05:44 GMT

Crypto Industry News:Kazakhstan, one of the world leaders in cryptocurrency mining, is taking a step towards establishing a comprehensive fiscal framework for cryptocurrency mining operators.The lower house of the Mejlis of the Kazakh parliament today pas...
rss: Technical Analysis • Published Thu, 26 May 2022 05:40 GMT

Crypto Industry News:The first Cryptosat nanosatellite will be put into orbit on Wednesday using Elon Musk's SpaceX rocket.A small satellite no larger than a coffee mug, made of pre-fabricated parts and a tamper-resistant platform for securing blockchains...
rss: Technical Analysis • Published Thu, 26 May 2022 05:40 GMT

Technical outlook:The US dollar index rose to 102.25 on Wednesday before pulling back. The index is seen to be trading just below 102.00 at this point in writing and looking to push further through 103.20 at least before turning lower again. Bulls will be...
rss: Technical Analysis • Published Thu, 26 May 2022 05:34 GMT

Technical Market Outlook:The GBP/USD pair has been testing the key supply zone located between the levels of 1.2615 - 1.2697.The local high was made at the level of 1.2611 and the bulls are pushing higher. Any violation of this supply zone would change t...
rss: Technical Analysis • Published Thu, 26 May 2022 05:30 GMT

Technical Market Outlook:The EUR/USD pair has been trading inside the bullish zone, however, is moving lower from the target projection level after it was hit. The strong and positive momentum support the short-term bullish outlook for Euro, nevertheless ...
rss: Technical Analysis • Published Thu, 26 May 2022 04:59 GMT

Technical outlook:EURUSD dropped through 1.0640 on Wednesday before pulling back. The single currency pair has carved an Engulfing Bearish candlestick pattern on the daily chart indicating further downside through 1.0600 in the near term. If an interim to...
rss: Technical Analysis • Published Thu, 26 May 2022 04:42 GMT

GBP/USD 5M Yesterday, the GBP/USD currency pair tried to continue the correction that began the day before, but failed to settle below the critical Kijun-sen line. Thus, despite overcoming the ascending trend line, which had a rather large angle of inc...
rss: Technical Analysis • Published Thu, 26 May 2022 04:42 GMT

EUR/USD 5M Yesterday, the EUR/USD pair began a downward correction against the uptrend supported by the trend line. There were few macroeconomic statistics during the past day. We can only note the report on orders for durable goods in the US, which tu...
rss: Technical Analysis • Published Thu, 26 May 2022 04:25 GMT

The EUR/USD currency pair failed to overcome the Murray level of "4/8"-1.0742 on Wednesday and began to adjust. Recall that in the last two weeks the pair have been desperately trying to grow and it succeeded. For the first time in a very long time. Never...
rss: Technical Analysis • Published Thu, 26 May 2022 04:25 GMT

The GBP/USD currency pair adjusted to the moving average line on Wednesday. This movement does not deserve to be considered at all, as it is very weak. The pound sterling continues to trade not too far from its 2-year lows, and it failed to update its las...
rss: Technical Analysis • Published Thu, 26 May 2022 04:23 GMT

Early in the Asian session, the British pound reached the 200 EMA located at 1.2610. GBP/USD is currently trading below this moving average and is showing overbought levels. So, a technical correction is likely to occur in the next few hours.According to ...
rss: Action Forex • Fundamental Analysis • Published Thu, 26 May 2022 03:21 GMT

Whilst the FOMC minutes helped lift the dollar and Wall Street on the day, but were not convinced the dollar low is in just yet. The USD was broadly higher overnight as the FOMC minutes confirmed the Fed will hike rates by 50-bps at their June and July me...
rss: Action Forex • Fundamental Analysis • Published Thu, 26 May 2022 03:18 GMT

Recent comments from ECB policymakers suggest that gap between interest rates on the two sides of the Atlantic will be smaller than expected] The post EUR/USDs Near-Term Bullish Channel Intact Amidst ECB Hawkishness appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Thu, 26 May 2022 03:16 GMT

Short Term Elliott Wave View in GBPJPY suggests cycle from April 20, 2022 high has ended with wave ((2)) at 155.55. Pair rallies from that level building an impulsive structure as wave 1. Up from the wave ((2)), wave ((i)) ended at 159.24, pullback in wav...
rss: Technical Analysis • Published Thu, 26 May 2022 03:14 GMT

The euro fell by 57 points on Wednesday. The daily candle has covered (engulfed) the white candle of Tuesday, which is one of the signs of a downward trend reversal. At the moment, the price is trying to grow, but it is being held by the balance (red) and...
rss: Technical Analysis • Published Thu, 26 May 2022 03:13 GMT

As a result of yesterday, the dollar index rose by 0.34%, but the British pound strengthened against the dollar by 0.35%. And this is despite the fact that the day before, on Tuesday, the British PMI showed a collapse the services sector (for May) index f...