Daily Forex Forecast

14.01.2021EURUSD, “Euro vs US Dollar”After finishing the ascending wave at 1.2222 and then descending structure towards 1.2170, EURUSD has formed a new consolidation around the latter level; right now, it is trading not far from the downside border. If later the price breaks this range to the downsi...

Cold winter rally on the gas market Market Watch review. 13.01.2021 In today's release, we’ll cover the following topics: The global gas market is exploding. Failed impeachment of Donald Trump. Coronavirus in the UK. The coronavirus crisis in the global gas market ended with an explosive price incre...

Since gold’s impressive +40% rally from the March lows after the coronavirus pandemic, it peaked in August last year before falling 15% for the rest of the year, as the weekly chart shows below. Since December, gold bulls tried to push the price of the yellow gold higher in anticipation of the typic...

13.01.2021EURUSD, “Euro vs US Dollar”After forming a new consolidation range below 1.2180 and breaking it to the upside, EURUSD is still correcting with the short-term target at 1.2222. Later, the market may resume trading downwards to test 1.2180 from above and then start another growth to complete...

12.01.2021EURUSD, “Euro vs US Dollar”EURUSD is still trading downwards; it has already broken 1.2148 and may later continue falling to reach 1.2111. After that, the instrument may correct towards 1.2200 and then resume moving downwards with the target at 1.2050.GBPUSD, “Great Britain Pound vs US Dol...

As highlighted in our weekly report, last year, the US dollar displayed weakness against the other major currencies and, so far this year, this trend has continued. The dollar index is in a zone close to the critical support level of 90.00, so a confirmation of a downward break could prolong this we...

USD correctional growth Market Watch review. 11.01.2021 In today's release, we’ll cover the following topics: US dollar renews highs.  Steady growth of US stock indices.  Oil market correction.  The current week started with another wave of growth of the US dollar, which is largely due to the weaken...

11.01.2021EURUSD, “Euro vs US Dollar”After reaching the short-term downside target at 1.2170, EURUSD is expected to start another growth to test 1.2245 from below. After that, the instrument may resume trading downwards with the first target at 1.2160 and then start a new correction in the form of a...

Technology stocks have taken a beating in recent weeks as investors favoured value stocks instead of growth stocks. However, the sector rotation that has taken place is now seeing signs of a turn with new lockdown restrictions and vaccine rollout concerns forcing investors to move back into tech.  A...

Silver enjoyed an incredible rally in 2020, rallying 153% from its March low to August high. While prices retraced during the August to November period, they have been pushing higher since.  In December, the weekly chart formed a bullish engulfing bar which set up a potential push upwards of nearly ...

06.01.2021EURUSD, “Euro vs US Dollar”After finishing the ascending wave at 1.2325 along with the correction towards 1.2283, EURUSD is expected to continue the correction to reach 1.2257 and then grow to break 1.2300. After that, the instrument may continue trading upwards with the short-term target ...

05.01.2021EURUSD, “Euro vs US Dollar”After finishing the ascending wave at 1.2309 along with the correction towards 1.2240, EURUSD is expected to reach 1.2326 and then fall towards 1.2240, thus forming a new consolidation range between the two latter levels. If later the price breaks this range to t...

2020 will be remembered as the year of lockdowns and uncertainty due to the global crisis caused by the Coronavirus pandemic that began in February.  The fear and uncertainty of this situation caused sharp falls in the stock markets and in oil due to the closures that occurred in practically all the...

04.01.2021EURUSD, “Euro vs US Dollar”After finishing the ascending wave at 1.2300 along with the correction towards 1.2220, EURUSD is expected to reach 1.2270 and then fall towards 1.2240, thus forming a new consolidation range between the two latter levels. If later the price breaks this range to t...

Brexit agreement signing ceremony today Market Watch review. 30.12.2020 In today's release, we’ll cover the following topics: Change of OPEC chairman in 2021. Britain and the EU sign an agreement on trade and cooperation. Coronavirus statistics. The African Republic of Angola will act as chairman of...

30.12.2020EURUSD, “Euro vs US Dollar”After finishing the ascending wave at 1.2293, EURUSD is consolidating below this level. If later the price breaks this range to the upside, the market may form one more ascending structure towards 1.2300; if to the downside – start a new correction with the targe...

29.12.2020EURUSD, “Euro vs US Dollar”After breaking 1.2230, EURUSD is expected to continue growing with the target at 1.2270. Today, the pair may reach 1.2260 and then start a new correction to return to 1.2230. After that, the instrument may resume growing towards the above-mentioned target.GBPUSD,...

Shares in Google’s parent company Alphabet have been in full focus as they received a third government antitrust lawsuit in less than two months. Thirty eight states in the United States have joined forces to claim Google maintained a monopoly in general search and search advertising illegally throu...

After an incredible 40%+ surge in the price of gold during the coronavirus pandemic earlier this year, the yellow metal has fallen roughly 15% in value. However, with the traditional seasonal rally coming up gold could be in hot demand.  Technically, gold formed a descending triangle formation with ...

This week, the Federal Reserve will hold its last monetary policy meeting of 2020, set against a backdrop of high expectations following a similar meeting in Europe and poor employment data in the US. Over the past months, we have been seeing the US dollar experiencing a downward trend against maj....

Technology stocks took a huge hit this week after the US sued Facebook for abuse of monopoly power and an announcement from the European Commission to fine technology companies up to 6% of global turnover on abuse of a company's market dominance. While the FAANG stocks (Facebook, Apple, Amazon, Ne....

November brought with it announcements from both Pfizer and Moderna regarding the effectiveness of their coronavirus vaccines. These brought relief to the financial markets, leading to strong rises in equities and making November one of the best, if not the best, months in the history of the stock ....

Market Watch. Bitcoin is devouring the world Market Watch review. 28.12.2020 In today's release, we’ll cover the following topics: Britain and the European Union agree on a trade deal. Donald Trump signed the 2021 budget. A sharp rise in cryptocurrency capitalization. Britain and the European Union ...

28.12.2020EURUSD, “Euro vs US Dollar”After breaking 1.2207, EURUSD is expected to continue growing towards 1.2240. After that, the instrument may correct to return to 1.2207 and then start another growth with the target at 1.2275.GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is still consolidatin...

25.12.2020EURUSD, “Euro vs US Dollar”EURUSD is still consolidating around 1.2184; this entire structure may be considered as the fifth wave with the target at 1.2300. After the market opening, the pair may correct towards 1.2050 and then start another growth to reach the above-mentioned target. Afte...

24.12.2020EURUSD, “Euro vs US Dollar”EURUSD is still consolidating around 1.2184. Possibly, today the pair may expand this range up to 1.2230 and then fall to return to 1.2184. If later the price breaks this range to the upside, the market may start another growth towards 1.2330; if to the downside ...

Market Watch. Australia's economy will grow in 2021 Market Watch review. 23.12.2020 In today's release, we’ll cover the following topics: Economic outlook for the Australian economy. Final UK GDP for Q3. Final US GDP for Q3.  Australia's Chief Treasurer Josh Freidenberg presented updated forecasts f...

23.12.2020EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.2152 EURUSD has broken 1.2184 to the upside; right now, it is consolidating around the latter level. Possibly, the pair may break this range to the upside to reach 1.2218 and then fall to return to 1.2184. If later the pr...

22.12.2020EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.2140 and then breaking 1.2200 to the upside, EURUSD has reached the short-term upside target at 1.2249; right now, it is falling to test 1,2200 from above and may later form one more ascending structure towards 1.2277. Ho...

Market Watch. COVID-19: The third wave of panic Market Watch review. 21.12.2020 In today's release, we’ll cover the following topics: A new strain of the virus in Britain.  The collapse in oil prices.  Financial aid in the USA.  Weakening of the AUD / USD pair.  Over the weekend, it was reported th...