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

GBP/USD continued its upward movement on Monday. The pound had no reason to rise other than being in a new upward channel formed on the hourly timeframe. Initially, the upward...

EUR/USD kicks off the new week by moving within a nearly horizontal, but formally considered ascending channel. The pair edged up while volatility was low, which basically corresponds...

The net long USD position increased by 7.2 billion to 32.6 billion over the reporting week. Speculative investors are actively buying the dollar, as they increasingly believe that...

On Monday, the EUR/USD bulls tried to advance with the help of hawkish comments from the European Central Bank officials, Spain's inflation data, and rumors of a ceasefire between Israel...

The wave analysis for the GBP/USD pair remains quite complex. A successful attempt to break through the Fibonacci level of 50.0% indicated the market's readiness to build a downward wave...

In the next few hours, the euro could bounce within the uptrend channel and reach 4/8 Murray and the 200 EMA located at 1.0751. If this zone turns...

In case GBP encounters rejection around 1.2553 (200 EMA) or 1.2573 (7/8 Murray) and fails to consolidate above this area, it will be seen as a signal to sell, with...

In case gold consolidates above 2,320 in the coming days, the outlook will remain positive. In case there is a rebound around 5/8 Murray located at 2,312, we could still...

Trade analysis and tips for the Japanese yen The price test of 156.79 occurred when the MACD indicator was just starting to move down from the zero mark, confirming...

Analysis of trades and trading tips for the British pound The price test of 1.2520 in the first half of the day occurred when the MACD indicator was just starting...