Forex Analysis & Forecast

18.05.2022There is nothing new in the BTC so far. On Wednesday, the major cryptocurrency is trading at $29,852. The asset is clearly stuck inside the “flat” between $29,000-$30,000. As long as it remains here, there are chances to slide down to $20,000. At the moment, any “quick growth” scenario can...

18.05.2022GBPUSD moved away from its lows but investors need good news to continue buying. The Pound sterling took a break against the USD on Wednesday. The current quote for the instrument is 1.2403.The United Kingdom continues to release the statistics, this time on prices. For example, the CPI sh...

18.05.2022EURUSD is taking a break after four days of recovering. The major currency pair slowed down its recovery. The current quote for the instrument is 1.0508.The statistics published by the US yesterday were quite confident. The Retail Sales added 0.9% m/m in April after gaining 1.4% m/m the mo...

18.05.2022EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.0600. However, an alternative scenario ...

18.05.2022EURUSD, “Euro vs US Dollar”EURUSD is rebounding from the bearish channel’s upside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.0535 and then resume m...

18.05.2022EURUSD, “Euro vs US Dollar”After finishing the ascending wave at 1.0412 and then forming a new consolidation range around this level, EURUSD has broken it to the upside to extend the correction up to 1.0562; right now, it is forming the first descending impulse towards 1.0495. Later, the m...

17.05.2022GBPUSD is successfully moving away from its lows. The Pound sterling continues recovering against the USD on Tuesday. The current quote for the instrument is 1.2458.A short pause in the USD rally allows other traded currencies to reach stability or even recover a little bit. However, nothi...

17.05.2022EURUSD is slowly moving away from the lows. However, the asset is still rather weak. The major currency pair managed to move away from the lows on Tuesday. The current quote for the instrument is 1.0477.The European Commission worsened the Euro Area GDP expectations for 2022. The updated f...

17.05.2022USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support level, USDCAD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.2930. However, an alternative scenario implies th...

17.05.2022GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is correcting within the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.2365 and then resume ...

17.05.2022EURUSD, “Euro vs US Dollar”After forming a new consolidation range around 1.0412, EURUSD has broken it to the upside. Today, the pair may correct with the target at 1.0474. Later, the market may then start a new decline towards 1.0300 or even extend this structure down to 1.0200.GBPUSD, “G...

16.05.2022The story of the BTC is developing in not the best way. However, the correctional bounce that we could see from Friday to Sunday gave some hope for acquiring balance. Today the leading cryptocurrency is near $29,706, while the low of May is set at $25,401.So, the BTC has returned to the im...

16.05.2022USDJPY moved away from its multi-month highs but the “greenback” has an ace in the hole.Early in another week of May, the Japanese Yen reached stability against the USD. The current quote for the instrument is 129.34.The statistics published in the morning showed that the Producer Price In...

16.05.2022XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, XAUUSD has formed an Inverted Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of another ascending impulse. In this case, the upside target may be the resistance level at 1830...

16.05.2022EURUSD, “Euro vs US Dollar”EURUSD is testing Tenkan-Sen and Kijun-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Kijun-Sen at 1.0445 and then resume moving downwards to reach 1.0115. An...

16.05.2022EURUSD, “Euro vs US Dollar”After forming a narrow consolidation range around 1.0390, EURUSD has broken it to the downside; right now, it is still falling with the target at 1.0275. Later, the market may correct to correct towards 1.0400 and then start a new decline towards 1.0243 or even e...

EUR/USD: On the Way to 1.0000 The dollar continues to rise, while the EUR/USD pair continues to fall. The DXY dollar index crept close to 104.9 on Thursday, May 12. The last time it climbed this high was 20 years ago. The pair found the bottom at the level of 1.0349, in the area of the lows of Dec....

13.05.2022It seems like the worst expectations for the BTC are coming true. Yesterday, the major crypto asset dropped to $25,401. Right now, it is trading around $30,629.The technical picture remains the same: the asset may plummet to $20,000 unless it is able to fix between $29,000 and $30,000. The...

13.05.2022EURUSD keeps hitting one new bottom after another.The major currency pair remains weak. The current quote for the instrument is 1.0378.So, yesterday EURUSD hit another bottom, this time at 1.0352. The asset is getting closer to parity and this might be the factor that boosts its decline. M...

13.05.2022EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, the asset has formed a Harami reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.0470. However, an alternative scenario ...

13.05.2022GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is testing Tenkan-Sen and Kijun-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.2245 and then resume mov...

13.05.2022EURUSD, “Euro vs US Dollar”After finishing the descending wave at 1.0444 and then forming a new consolidation range around this level, EURUSD has broken it to the downside; right now, it is still falling with the target at 1.0290. Later, the market may correct to return to 1.0444 and then ...

12.05.2022GBPUSD remains under bearish pressure; there is no good news.The Pound sterling continues weakening against the USD on Thursday. the current quote for the instrument is 1.2205.Today’s flow of statistics didn’t give the Pound a single chance to reach stability. For example, it turned out th...

12.05.2022EURUSD hit another multi-month bottom while investors are trying to escape risks.The major currency pair is back to falling. The current quote for the instrument is 1.0429.Earlier today, the Euro hit the bottom of March of 2020 and it might be only the beginning. Market players are escapin...

12.05.2022USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, after forming a Hanging Man reversal pattern close to the resistance level, USDCAD is reversing in the form of a new descending impulse. In this case, the downside target may be at 1.2965. However, an alternative scenario...

12.05.2022EURUSD, “Euro vs US Dollar”EURUSD has fixed below the bullish channel’s downside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.0520 and then resume mov...

12.05.2022EURUSD, “Euro vs US Dollar”After breaking 1.0529, EURUSD is still falling towards 1.0483. Later, the market may grow to return to 1.0530 and then form a new descending structure with the target at 1.0462.GBPUSD, “Great Britain Pound vs US Dollar”Having broken 1.2305, GBPUSD continues falli...

11.05.2022The BTC dropped pretty much. On Wednesday, investors are trying to find support and help the major cryptocurrency to reach stability at $31,105, but they are very likely to fail. Over the previous week, the BTC lost almost 15% - the crypto market remains under pressure.The external backgro...

11.05.2022GBPUSD remains under bearish pressure; the Brexit issue doesn’t make things more optimistic.The Pound sterling remains weak against the USD. The current quote for the instrument is 1.2374.Today’s slight optimism shouldn’t mislead anybody: lows in GBP are too close. On Monday 9 May, the ass...

11.05.2022EURUSD has fixed within a sideways range while waiting for important news. The major currency pair is consolidating inside the range not far from the lows. The current quote for the instrument is 1.0568.Investors are still analysing the US Fed’s actions and predicting its future moves. It’...