RSS Forex Analysis

  • Forecast for GBP / USD pair on July 19, 2019 July 19, 2019
    GBP / USD pair On Thursday, the sterling pound gained 115 points in the background of the general anti-dollar market sentiment. The stop occurred on the balance line of the daily chart. At the same time, the Marlin oscillator signal line also lies in a horizontal direction along the line of the boundary separating the […]
  • Forecast for AUD / USD pair on July 19, 2019 July 19, 2019
    AUD / USD pair On Thursday, the Australian dollar followed the rest of the market and grew by 66 points. The falling price channel was broken and now, it simply disappeared. It stopped at a price level of 0.7086, which was the minimum of September 11, 2018. Overcoming this level will allow the price to […]
  • Elliott wave analysis of EUR/JPY for July 19, 2019 July 19, 2019
    EUR/JPY is now close to testing our ideal downside target at 120.62. The low has been seen at 120.76. This is enough to reach our target and complete the wave II as well as turn EUR/JPY higher in a new impulsive rally in the wave III. The first strong indication that the wave III is […]
  • Trading plan for EUR/USD for July 19, 2019 July 19, 2019
    Technical outlook:Yesterday, the EUR/USD pair managed to test recent swing highs around the 1.1280/2 levels. The EUR bulls failed to hit another high unlike its counter US Dollar Index which had made a swing low as expected. We would still give a chance for a push through the 1.1320 level before pulling lower again, but […]
  • Technical analysis: Important Intraday Levels For EUR/USD, July 19, 2019 July 19, 2019
    When the European market opens, some economic data will be released such as Current Account and German PPI m/m. The US will also publish the economic data such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment, so amid the reports, the EUR/USD pair will move with low to medium volatility during this day. […]
  • Technical analysis: Important Intraday Levels for USD/JPY, July 19, 2019 July 19, 2019
    In Asia, Japan will release the All Industries Activity m/m and National Core CPI y/y. The US will also publish some economic data such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: […]
  • Technical analysis: Important Intraday Levels for USD/JPY, July 19, 2019 July 19, 2019
    In Asia, Japan will release the All Industries Activity m/m and National Core CPI y/y. The US will also publish some economic data such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: […]
  • Fractal analysis of major currency pairs on July 19 July 19, 2019
    Forecast for July 19: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1342, 1.1299, 1.1286, 1.1249, 1.1236, 1.1217, 1.1197 and 1.1169. Here, we follow the formation of the initial conditions for the upward cycle of July 17. Short-term movement to the top is […]
  • July 18, 2019 : GBP/USD Intraday technical analysis and trade recommendations. July 18, 2019
    Since May 17, the previous downside movement within the depicted bearish channel came to a pause allowing the recent sideway consolidation range to be established between 1.2750 - 1.2550 with a prominent key-level around 1.2650.In June , temporary bullish consolidation patterns were demonstrated above 1.2650 for a few trading sessions.However, the price level of 1.2750 […]
  • GBP/USD. July 18th. Results of the day. An unexpected statement by Michel Barnier resurrected the pound July 18, 2019
    4-hour timeframe The amplitude of the last 5 days(high-low): 74p – 60p – 67p – 125p – 75p. The average amplitude over the last 5 days: 80P(81p). The British pound is finally able to breathe more or less freely after a report on retail sales in the UK in July showed an increase and was […]
  • EUR/USD. July 18th. Results of the day. European Central Bank prepares to lower rates and resume QE July 18, 2019
    4-hour timeframe The amplitude of the last 5 days (high-low): 41p – 37p – 31p – 62p – 34p. Average amplitude over the last 5 days: 41p (47p). From a technical point of view, the downward movement of the EUR/USD pair is absolutely logical. The price has fulfilled the critical Kijun-Sen line, and as the […]
  • EUR/USD: ECB rumors, Mnuchin's refutation, and Italy again July 18, 2019
    The euro/dollar pair cannot determine the vector of its movement. The weakness of the European currency pulls the price down to the borders of the 11th figure, but the uncertainty of traders in the development of further dollar rally does not allow the EUR/USD bears to identify new price horizons.In general, the fundamental picture is […]
  • July 18, 2019 : EUR/USD maintains short-term bearish outlook below 1.1235. July 18, 2019
    Back in June, Temporary Bullish breakout above 1.1335 was demonstrated (suggesting a high probability bullish continuation pattern).However, the EURUSD looked overbought around 1.1400 facing a confluence of supply levels. Thus, a bearish movement was initiated towards 1.1275 followed by a deeper bearish decline towards 1.1235 (the lower limit of the newly-established bullish channel) which failed […]
  • What will the Fed do and why the Australian dollar is growing July 18, 2019
    The dollar is falling steadily against the basket of major currencies on the second day against the background of weak data on US Treasury bonds and the housing sector. Now, investors are likely to estimate the Fed's interest rate cut for the first time in a decade. Expectations of a 25 basis point rate cut […]
  • The fall of the euro: does the ECB hit a recumbent? July 18, 2019
    On Thursday, July 18, the European currency experienced a sharp decline amid the latest news about a possible revision of the inflation target. The information came from the European Central Bank (ECB), whose head, Mario Draghi, announced a potential reduction in interest rates if the current situation does not improve. The dynamics of the euro […]