Daily Forex Forecast

Brexit, oil and quarantine Market Watch review. 19.10.2020 In today's release, we’ll cover the following topics: Brexit talks may resume.  The risk of a collapse in oil prices is still high.  US national debt exceeds 100% of GDP.  Back in the first half of the European trading session, we saw a surg...

19.10.2020EURUSD, “Euro vs US Dollar”After completing the correction at 1.1744 and rebounding from this level to the downside, EURUSD is still trading downwards. Today, the pair may reach 1.1688 and then grow to test 1.1714 from below. Later, the market may form a new descending structure with the p...

Hard Brexit and curfew in Paris Market Watch review. 16.10.2020 In today's release, we’ll cover the following topics: Another delay in Brexit. No incentives or global risk off.  Second wave of COVID-19 and curfew in Paris.  On October 15, the deadline that British Prime Minister Boris Johnson set fo...

16.10.2020EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.1698, EURUSD is consolidating above this level. Possibly, the pair may expand the range up to 1.1717 and then down to 1.1678. If later the price breaks this range to the upside, the market may start a new correction with ...

15.10.2020EURUSD, “Euro vs US Dollar”After completing the correctional wave at 1.1765, EURUSD is consolidating around 1.1744; right now, it is moving downwards to reach 1.1730. If later the price breaks this range to the downside, the market may resume falling with the first target at 1.1698; if to ...

14.10.2020EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.1750 and then breaking this level to the downside, EURUSD has extended this structure down to 1.1730; right now, it is still consolidating below the latter level. Possibly, the pair may correct to test 1.1760 from below a...

The death of the oil era and the US stimulus decision Market Watch review. 12.10.2020 In today's release, we’ll cover the following topics: OPEC has declared the death of the oil era in the developed world. The White House is preparing a package of measures for 1.8 trillion dollars. Alternative bet ...

New data on unemployment in the United States Market Watch review. 09.10.2020 In today's release, we’ll cover the following topics: Abnormal growth of the ECB balance.  New data on unemployment in the United States.  The US election race and Donald Trump's fresh rhetoric.  The European regulator in...

GBP may strengthen strongly Market Watch review. In today's release, we’ll cover the following topics: Goldman Sachs recommended buying the pound.  Increase in US oil reserves.  Fed meeting minutes.  Let me remind you that last week negotiations on a trade deal between the EU and Britain reached a...

13.10.2020EURUSD, “Euro vs US Dollar”EURUSD is still consolidating below 1.1820. Possibly, the pair may break the range to the downside at 1.1790 and start a new correction to reach 1.1750. Later, the market may form one more ascending structure with the target at 1.1888. After that, the instrument ...

12.10.2020EURUSD, “Euro vs US Dollar”After choosing an alternative scenario and reaching 1.1820, EURUSD is consolidating below this level. Possibly, the pair may break the range to the downside and start a new correction to reach 1.1750. Later, the market may form one more ascending structure with t...

09.10.2020EURUSD, “Euro vs US Dollar”EURUSD is consolidating around 1.1757. Possibly, today the pair may expand the range up to 1.1781, fall towards the downside border at 1.1731, and then grow to return to 1.1757. If later the price breaks this range to the downside, the market may start a new decl...

08.10.2020EURUSD, “Euro vs US Dollar”After correcting towards 1.1776, EURUSD is consolidating below this level. If later the price breaks this range to the downside, the market may start a new decline to break 1.1717 and then continue falling with the short-term target at 1.1660; if to the upside – ...

07.10.2020EURUSD, “Euro vs US Dollar”After reaching 1.1800 and rebounding from it to the downside, EURUSD has reached 1.1744; right now, it is consolidating below this level. If later the price breaks this range to the downside, the market may start a new decline towards 1.1705 or even reach the tar...

06.10.2020EURUSD, “Euro vs US Dollar”After finishing the ascending structure at 1.1744 and then forming a new consolidation range around this level, EURUSD has broken it to the upside to reach 1.1797. Possibly, today the pair may return to 1.1744 and then grow to reach 1.1770, thus forming another c...

Brexit strongly influences the GBP Market Watch review. 05.10.2020 In today's release, we’ll cover the following topics: Pound sensitive to Brexit talks Oil production in the USA ISM Business Activity Index Brexit, coronavirus and the upcoming US presidential elections remain the main drivers in th...

05.10.2020EURUSD, “Euro vs US Dollar”EURUSD is still consolidating around 1.1720. Today, the pair may grow to reach 1.1744 and then resume falling towards 1.1684. Later, the market may form one more ascending structure to return to 1.1720 and then continue trading within the downtrend with the first...

Donald Trump tests positive for COVID-19 Market Watch review. 02.10.2020 In today's release, we’ll cover the following topics: EU is suing Britain. Donald tests positive for COVID-19. US Labor Market Report. Analysis of the AUD / USD buy deal. The current week, without exaggeration, has become one o...

02.10.2020EURUSD, “Euro vs US Dollar”After finishing the descending wave at 1.1720, EURUSD is consolidating below this level. Possibly, the pair may continue falling towards 1.1684 and then form one more ascending structure to test 1.1720 from below. Later, the market may resume trading within the d...

01.10.2020EURUSD, “Euro vs US Dollar”After finishing the descending wave at 1.1684 and then the ascending structure towards 1.1720, EURUSD is consolidating around the latter level. Possibly, the pair may grow to reach 1.1757 and then form a new descending structure to break 1.1717. Later, the market...

US presidential candidates debate Market Watch review. 30.09/2020 In today's release, we’ll cover the following topics: US presidential debate. US oil reserves. Change in GDP growth rates in Canada. The first presidential candidate debate took place in the United States on Tuesday evening. Let me re...

30.09.2020EURUSD, “Euro vs US Dollar”After forming another consolidation range around 1.1670 and then breaking it to the upside, EURUSD has almost completed the correction towards 1.1750. Today, the pair may fall to reach 1.1707 and then form one more ascending structure with the target at 1,1731. L...

29.09.2020EURUSD, “Euro vs US Dollar”After finishing the ascending structure at 1.1640 and breaking it to the upside, EURUSD is expected to continue the correction towards 1.1690. Later, the market may break this level downwards and form a new descending structure with the target at 1.1600, at least...

Brexit and financial incentives in the US Market Watch review. 28.09.2020 In today's release, we’ll cover the following topics: A week of difficult Brexit negotiations. ECB quarterly report. US electoral race. Another package of financial incentives in the United States. Already today Britain and th...

28.09.2020EURUSD, “Euro vs US Dollar”After breaking 1.1640 and reaching the short-term downside target, EURUSD is expected to grow and test 1.1640 from below. Later, the market may form a new descending structure with the target at 1.1600 and then resume trading upwards to reach 1.1740.GBPUSD, “Grea...

$2.2 trillion from Democrats Market Watch review. 25.09.2020 In today's release, we’ll cover the following topics: Phase 3 of COVID-19 vaccine testing. Another stimulus package in the USA. Increase in home sales in the US primary market. Analysis of a AUD/USD sell deal. From time to time, the focus...

25.09.2020EURUSD, “Euro vs US Dollar”After finishing another descending structure at 1.1626 and then returning to 1.1680, EURUSD is consolidating below the latter level. If later the price breaks this range to the upside, the market may continue the correction towards 1.1700 and then even reach 1.17...

24.09.2020EURUSD, “Euro vs US Dollar”EURUSD continues falling. Possibly, today the pair may reach 1.1650 and then correct towards 1.1680. After that, the instrument may continue trading within the downtrend with the short-term target at 1.1620 and then start another correction to reach 1.1740.GBPUSD...

Change in the level of business activity Market Watch review. 23.09.2020 In today's release, we’ll cover the following topics: PMIs for the Eurozone. Slowdown in PMI in Britain. US Oil Stock Change Report. Today all of Europe received preliminary data on changes in the level of business activity in ...

23.09.2020EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.1720, EURUSD has finished the correction to test 1.1736 from below; right now, it is still falling towards 1.1620. After that, the instrument may start another correction to return to 1.1736 and then resume trading within...