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FX.co ★ Analytics hom21

XRP/USD challanges important resistance area of $1.60-$1.70.

XRP/USD has come back towards the major resistance area of $1.60-$1.70. Price briefly moved above the resistance but price is back inside the resistance area. So far price action shows...
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Analytical expert: Alexandros Yfantis
2021-05-07

USDJPY confirms our bearish short-term view.

In previous posts we warned traders in USDJPY of the increased chances of a reversal from 109.60. In our latest analysis we mentioned the horizontal support at 109.10 that...
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Analytical expert: Alexandros Yfantis
2021-05-07

Ichimoku cloud indicator analysis of EURUSD for May 7, 2021

EURUSD has provided another bullish signal by breaking above the 4 hour Ichimoku cloud. EURUSD has broken above the key short-term resistance of 1.2070 and is already above 1.2130. Trend...
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Analytical expert: Alexandros Yfantis
2021-05-07

Gold price reaches bullish target

Yesterday we mentioned in our analysis that if Gold price were to break above the trading range, it would produce a bullish signal and the target would be at $1,837...
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Analytical expert: Alexandros Yfantis
2021-05-07

EUR/USD: Strong statistics on US employment and inflation may bring investor interest back to sales

Disappointing US business statistics, falling Treasury yields, and the dovish rhetoric of most Fed officials have made the US dollar lose much of the gains it has made since late...
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Analytical expert: Marek Petkovich
2021-05-07

BTC analysis for May 07,.2021 - WEll defined trading range and potential for the downside rotation towards $53.125

Technical analysis: BTC has been trading sideways at the price of $57.000 but I see potential for the further downside rotation. Trading recommendation: I found the wll defined trading range...
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Analytical expert: Petar Jacimovic
2021-05-07

Analysis of Gold for May 07,.2021 - Overbought condiiton and potential for downside rotation towards $1.815 and $1.801

Technical analysis: Gold has been trading upside after the NFP today but we got major buying climax. Buying climax in the rising market is negative and there is potential...
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Analytical expert: Petar Jacimovic
2021-05-07

EUR/USD analysis for May 07 2021 - Buying climax and potential for the downside mvoement towards 1.2060

Technical analysis: EUR has been trading upside after the NFP today but we got major buying climax. Buying climax in the rising market is negative and there is potential...
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Analytical expert: Petar Jacimovic
2021-05-07

Prerequisites for bitcoin's new growth cycle have appeared

The last few weeks have been really tough for the first cryptocurrency. After reaching another maximum, the asset slipped to $60,000, from where a rapid decline began...
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2021-05-07

GBP/USD: plan for the US session on May 7 (analysis of morning trades)

In my morning forecast, I paid attention to the level of 1.3921, as well as to the UK data. Let's take a look at the 5-minute chart and talk about...
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Analytical expert: Miroslaw Bawulski
2021-05-07