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The euro will support itself

The first signs of weakness in the US labor market provided a strong argument that the EUR/USD correction would develop into breaking the downtrend. This requires further cooling...
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Analytical expert: Marek Petkovich
2024-05-06

GBP/USD. May 8th. The pound does not expect a rate cut by the Bank of England

On the hourly chart, the GBP/USD pair continued its decline on Tuesday and confirmed consolidation below the ascending trend channel. Bulls lost their advantage on the hourly chart, and bears...
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Analytical expert: Samir Klishi
2024-05-08

Euro will return to parity

From 1.20 to parity. The euro started 2024 from the $1.10 mark after an impressive 5.6% rise in the fourth quarter. Among the bulls on EUR/USD, there was euphoria associated...
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Analytical expert: Marek Petkovich
2024-04-12

Trading Signals for GOLD (XAU/USD) for May 7-9, 2024: buy above $ 2,318 (200 EMA - 5/8 Murray)

Gold is trading around 2,314, below the 200 EMA, below the 21 SMA, and within an uptrend channel forming since May 3 with signs of exhaustion. On the H1 chart...
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Analytical expert: Dimitrios Zappas
2024-05-07

USD/JPY: trading tips for beginners for European session on May 8

The price test of 154.35 occurred at a time when the MACD indicator sharply fell from the zero mark, which limited the USD/JPY pair's downward potential. The second test coincided...
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Analytical expert: Jakub Novak
2024-05-08

The Fed is discussing the possibility of another rate hike

Since the beginning of the year, I've been saying the same thing: I believe that the Federal Reserve is not in a rush to lower rates. In fact...
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Analytical expert: Chin Zhao
2024-05-07

Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 6th

The upcoming week is expected to see a general sideways movement in the euro's price. In the coming days, one should expect an increase towards the calculated resistance zone. Subsequently...
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Analytical expert: Isabel Clark
2024-05-06

Forecast for EUR/USD on May 8, 2024

EUR/USD Yesterday, the currency market did not see any compelling reasons to increase risk appetite and, although stock markets were rising, it retreated from Monday's highs. The euro declined...
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Analytical expert: Laurie Bailey
2024-05-08

Trading Signals for GOLD (XAU/USD) for May 6-8, 2024: buy above $2,302 (21 SMA - 5/8 Murray)

Gold is trading around 2,330.57, above the 21 SMA, and above the 200 EMA. On the H4 chart, we can see that gold resumed its bullish cycle after reaching...
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Analytical expert: Dimitrios Zappas
2024-05-06

Weekly forecast based on simplified wave analysis of GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and US dollar index on May 6th

The upcoming week is expected to see a general sideways movement in the price of the British pound major. One should expect growth towards the calculated resistance zone...
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Analytical expert: Isabel Clark
2024-05-06

Trading Signals for GOLD (XAU/USD) for April 26-29, 2024: buy above $2,324 and sell below $2,352 (21 SMA - 6/8 Murray)

Given that gold has reached the top of the secondary uptrend channel, we believe that a technical correction could occur in the coming hours towards the 21 SMA located...
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Analytical expert: Dimitrios Zappas
2024-04-26

Outlook for GBP/USD on May 8. The pound has stopped rising, but the Bank of England meeting could change that

GBP/USD experienced a minor downward retracement, but this did not affect the overall technical picture. The price settled below the critical Kijun-sen line, but the upward trend persists...
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Analytical expert: Paolo Greco
2024-05-08

Trading Signals for GOLD (XAU/USD) for May 8-10, 2024: buy above $2,312 (21 SMA - symmetrical triangle)

We believe that if there is a sharp break above 2,312 and consolidation above this area on the daily chart, gold could continue its rise and could reach...
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Analytical expert: Dimitrios Zappas
2024-05-08

Trading plan for GBP/USD on May 8. Simple tips for beginners

Analyzing Tuesday's trades: GBP/USD on 1H chart Yesterday, the GBP/USD pair continued its downward movement after rebounding from the level of 1.2611 last Friday. The price has previously breached...
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Analytical expert: Paolo Greco
2024-05-08

Forecast for AUD/USD on May 8, 2024

AUD/USD On May 3, 6, and 7, the Australian dollar broke above the resistance level of 0.6627 with the upper shadows of daily candles and, since this is a strong...
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Analytical expert: Laurie Bailey
2024-05-08

Trading plan for EUR/USD on May 8. Simple tips for beginners

Analyzing Tuesday's trades: EUR/USD on 1H chart Yesterday, the EUR/USD pair failed to overcome the level of 1.0785, bouncing off it for the third time. Consequently, the euro started...
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Analytical expert: Paolo Greco
2024-05-08

Trading Signals for EUR/USD for May 6-8, 2024: sell below 1.0803 (overbought - 5/8 Murray)

EUR/USD is trading around 1.1045, below 5/8 Murray, above 200 EMA, and above 4/8 Murray. The instrument is showing signs of exhaustion. On the H4 chart, we can see that...
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Analytical expert: Dimitrios Zappas
2024-05-06

Trading Signals for EUR/USD for May 7-9, 2024: buy above 1.0780 (symmetrical triangle - 4/8 Murray)

Early in the European session, the EUR/USD pair is trading around 1.0762, showing signs of exhaustion and going through a technical correction below 5/8 Murray (1.0803). On the H4 chart...
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Analytical expert: Dimitrios Zappas
2024-05-07

Outlook for EUR/USD on May 8. Another boring day

EUR/USD did not show any interesting movements on Tuesday. The pair has been trading in a sideways channel for the third consecutive day, bounded by levels 1.0757 and 1.0797. Therefore...
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Analytical expert: Paolo Greco
2024-05-08

Forecast for GBP/USD on May 8, 2024

GBP/USD Yesterday, the British pound slumped, outpacing other currencies, ahead of the upcoming Bank of England meeting (on May 9th). The price can now reach the target support at 1.2465...
iconRelevance until2024-05-09
Analytical expert: Laurie Bailey
2024-05-08