FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today

USDX: a break above 100.00 would open the way to multi-month highs, while failure at this level would return the dollar to the 96.00–98.00 consolidation range. Volatility is expected...

Canada's economy contracted by 0.6% in the fourth quarter, below the Bank of Canada's forecast of flat growth and the consensus expectation of a milder 0.2% decline versus...

Trade Review and Advice on Trading the Japanese Yen The test of the 157.49 price level occurred when the MACD indicator had just begun moving downward from the zero line...

Trade Review and Advice on Trading the British Pound The test of the 1.3327 price level occurred when the MACD had just begun moving upward from the zero line, confirming...

Trade Review and Advice on Trading the European Currency The test of the 1.1618 price level occurred when the MACD indicator had already moved significantly above the zero line, which...

The euro/dollar pair extended to a multi-month low yesterday, hitting 1.1530, the weakest price since 25 November last year. Sellers stood only forty pips from the powerful support at 1.1490...

Today, only the euro was effectively traded using the Mean Reversion strategy. Through the Momentum strategy, I traded the Japanese yen, which continued to recover its positions against the dollar...

Rising geopolitical tensions continue to strengthen the US dollar's status as a reserve currency. Concerns about an energy crisis are putting pressure on the euro and contributing to further declines...

The current situation in the gold market challenges classical logic: amid acute geopolitical escalation between the US and Israel on one side and Iran on the other, an effective blockade...

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful...