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

The Elliott wave count on the 4-hour chart for EUR/USD has become more complex. On the higher timeframe (bottom chart), the downward trend segment has taken the form...

EUR/USD made another reversal in favor of the euro toward the end of last week after liquidity was swept below the latest swing low. This created technical grounds...

GBP/USD has made significant progress toward establishing a new bullish impulse within its annual range. Liquidity was swept below the June 24 low, allowing the bulls to launch their first...

Brent crude rose by 1.7% to $106.53/bbl, recovering part of an earlier 8% rout from the start of the week. The commodity market remains on edge and sensitive...

Yesterday offered many market participants a ray of hope. Both Donald Trump and senior U.S. officials—and even senior figures in Tehran—said they were prepared to resume diplomacy to avert...

While the euro remains in a narrow channel, news has emerged that eurozone governments must nominate candidates to replace Christine Lagarde as ECB president by Friday, November 6. Eurogroup chair...

On the other hand, a decisive break above the downtrend channel, followed by consolidation above the 200-period exponential moving average (EMA) and the Murray 6/8 level, could be a positive...

Conversely, a decisive break above $3,940 could cause gold to face the next resistance level at $3,985; a sharp break above this resistance level could accelerate gold's upward movement...

ETH/USD is trading around $2,263 after pulling back following several attempts yesterday. During the US trading session, the price broke above the downtrend channel that has been forming since October...

The euro could trade within this downtrend channel over the next few days. Therefore, there could be strong downward pressure below the 200-day moving average, and we will continue...