Daily Forex Forecast

12.04.2021EURUSD, “Euro vs US Dollar”EURUSD is falling towards 1.1855 and may later grow to reach 1.1895, thus forming a new consolidation range between these two levels. If the price breaks this range to the downside, the market may fall to reach 1.1800; if to the upside – resume trading upwards wi...

USA helps the whole world Market Watch review. 09.04.2021 In today's release, we’ll cover the following topics: US foreign trade deficit. General weakening of the pound sterling. Gold is trying to regain lost ground. It is no secret that the US economy is recovering rapidly due to an incredibly lar...

09.04.2021EURUSD, “Euro vs US Dollar”The currency pair completed a wave wave of growth to 1.1921. Today the market is trading in a consolidation range around 1.1910. Currently, there is a structure of decline to the lower border of the range (1.1891) forming. With an escape from the range downwards,...

08.04.2021EURUSD, “Euro vs US Dollar”The currency pair completed a wave of decline to 1.1901. Today the market is trading in a structure of declining to 1.1820, after which growth to 1.1867 should follow. Then another wave of declining to 1.1806 is likely to develop.GBPUSD, “Great Britain Pound vs U...

Euphoria in the US stock market Market Watch review. 07.04.2021 In today's release, we’ll cover the following topics: Decline in unemployment and weakening of the US dollar. OPEC+ is ready to increase oil production. Gold is shining again. On the last trading day of the previous week the American st...

07.04.2021EURUSD, “Euro vs US Dollar”The currency pair formed a consolidation area around 1.1808 and broke it away upwards. Practically, the market suggested the extension og the wave of growth. Today the market has reached the local goal of this extension at 1.1877. We expect a new vonsolidation ar...

06.04.2021EURUSD, “Euro vs US Dollar”The currency pair has completed a wave of growth to 1.1816. Today the market is forming a consolidation area under this level. We expect a decline to 1.1750. In case of a breakaway of 1.1820 upwards, growth might continue to 1.1900. In the case 1.1750 is broken d...

05.04.2021EURUSD, “Euro vs US Dollar”The currency pair completed a wave of growth towards 1.1785. Today the market is correcting to 1.1747, after which we expect growth to 1.1797. The price can even leap up to 1.1830, after which a wave of decline to 1.1700 might start.GBPUSD, “Great Britain Pound v...

USD and the US stock market Market Watch review. 02.04.2021 In today's release, we’ll cover the following topics: Strengthening of the US dollar. Financial incentives are a rescue for the USA. Micro bitcoin futures. Good Friday. I will start today's review with a fairly stable growth of the America...

02.04.2021EURUSD, “Euro vs US Dollar”After breaking the consolidation range to the upside, EURUSD is expected to grow and reach 1.1800. Later, the market may fall to test 1.1759 from above and then resume trading upwards with the first target at 1.1815.GBPUSD, “Great Britain Pound vs US Dollar”After...

01.04.2021EURUSD, “Euro vs US Dollar”As we can see in the daily chart, after failing to break 1.1990 to continue the ascending wave towards 1.2250, EURUSD rebounded from the former level and formed another descending wave to reach 1.1850. After that, the instrument formed a downside continuation pat...

01.04.2021EURUSD, “Euro vs US Dollar”EURUSD has returned to 1.1759. Possibly, today the pair may fall towards 1.1700 and form a new consolidation range there. Later, the market may break the range to the upside and resume trading upwards with the target at 1.1990.GBPUSD, “Great Britain Pound vs US D...

Interest in risk and the first major bankruptcies in the USA Market Watch review. 31.03.2021 In today's release, we’ll cover the following topics: Investors believe in the growth of the US stock market.  Investment fund collapse.  Bitcoin is ready for new records.  I will start today's review with ...

31.03.2021EURUSD, “Euro vs US Dollar”After reaching its short-term downside target, EURUSD is expected to consolidate near the lows. Possibly, the pair may expand the range down to 1.1700. Later, the market may break the descending channel and resume trading upwards with the target at 1.1990.GBPUSD,...

30.03.2021EURUSD, “Euro vs US Dollar”EURUSD continues consolidating above 1.1761 without any particular direction. Possibly, today the pair may expand the range down to 1.1751 and then start another correction towards 1.1846. Later, the market may form a new descending structure with the target at 1...

29.03.2021EURUSD, “Euro vs US Dollar”EURUSD continues consolidating above 1.1761. Possibly, today the pair may expand the range down to 1.1751 and then start another correction towards 1.1846. Later, the market may form a new descending structure with the target at 1.1707.GBPUSD, “Great Britain Poun...

Since the lows of the pandemic in March 2020, the price of West Texas Intermediate (WTI) crude oil - an international benchmark - has risen more than 500%.  However, the price of WTI crude oil is now trading at historical resistance where buyers have struggled to break through before. This opens the...

The market does not respond to statistics Market Watch review. 26.03.2021 In today's release, we’ll cover the following topics: The market ignores business activity indices.  Increase in oil reserves.  EU Economic Summit and US retail sales.  The financial markets have changed a lot in the last few...

26.03.2021EURUSD, “Euro vs US Dollar”EURUSD continues trading downwards. Possibly, today the pair may fall to reach 1.1752 and then start another growth towards 1.1845. Later, the market may form a new descending structure with the target at 1.1707.GBPUSD, “Great Britain Pound vs US Dollar”After bre...

25.03.2021EURUSD, “Euro vs US Dollar”EURUSD continues trading downwards. Possibly, today the pair may fall to reach 1.1800 and then start a new growth with the target at 1.1877.GBPUSD, “Great Britain Pound vs US Dollar”After completing the descending structure at 1.3700, GBPUSD is forming a new cons...

This week, risk assets in currencies and commodities have tumbled lower with the New Zealand dollar, Australian dollar and WTI crude oil leading the way lower. So far, equity markets haven’t followed through but investors are very cautious at these multi-year highs.  The tech sector could be in part...

Weak EUR and sanctions against China Market Watch review. 24.03.2021 In today's release, we’ll cover the following topics: Geopolitical conflict with China.  Slowdown in economic growth in Europe.  Weak pound sterling.  Business activity index block for European countries.  Let's start today's relea...

24.03.2021EURUSD, “Euro vs US Dollar”After breaking 1.1900 and forming a downside continuation pattern there, EURUSD has completed another descending structure at 1.1850; right now, it is consolidating above the latter level. Possibly, the pair may grow to test 1.1900 from below and then resume trad...

23.03.2021EURUSD, “Euro vs US Dollar”After finishing the ascending wave at 1.1946, EURUSD is expected to consolidate below this level. Possibly, the pair may correct towards 1.1922 (at least) and then grow to reach 1.1950. Later, the market may start another correction towards 1.1910 and then resume...

As we discussed last February, the technical outlook for both gold and oil completely reversed during 2020 and early 2021 leaving a positive outlook for crude oil due to the vaccination process and improved future prospects. During the last few days, there has been a growing fear regarding increasin...

22.03.2021EURUSD, “Euro vs US Dollar”EURUSD is still consolidating around 1.1944; right now, it is trading close to the downside border. Possibly, the pair may grow to break 1.1944 and then continue trading upwards with the first target at 1.2020.GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is c...

The Nasdaq 100 have led stock markets lower at the end of the week as investors continue to fret about rising bond yields. The index which comprises the largest technology companies listed on the NASDAQ Exchange has seen a huge investor sell-off in recent weeks.  The index fell more than 3% yesterda...

Confrontation between the Fed and the ECB Market Watch review. 19.03.2021 In today's release, we’ll cover the following topics: The Fed is holding back the growth of the dollar.  The ECB will not be ready to raise rates for a long time.  Risks for the oil market. On Tuesday, by the end of the US tr...

19.03.2021EURUSD, “Euro vs US Dollar”After forming a new consolidation range around 1.1944 and then breaking it to the downside, EURUSD is still correcting towards 1.1903. Possibly, today the pair may return to 1.1944 and then form a new descending structure to reach 1.1925. After that, the instrume...

18.03.2021EURUSD, “Euro vs US Dollar”EURUSD is forming the fifth ascending wave with the target at 1.2011; right now, it is consolidating around 1.1966. Possibly, the pair may fall to test 1.1944 from above and then grow towards 1.1995. After that, the instrument may correct to return to 1.1933 and ...