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

The GBP/USD currency pair continued trading within a local sideways channel on the second trading day of the week, clearly visible on the 4-hour timeframe. The channel boundaries are clear...

The EUR/USD currency pair traded calmly on Tuesday, still within the same descending channel. Over the past month, trading days in the FX market have blurred into...

Very few macroeconomic releases are scheduled for Wednesday. Essentially, the only major item is the US Consumer Price Index, which matters for the Federal Reserve's next steps. Recall...

On Tuesday, the EUR/USD pair made another tepid attempt to correct within the month-long decline. Price has once again broken the descending trendline, yet each breakout fails to produce either...

The GBP/USD pair traded higher on Tuesday despite there being absolutely no local reasons for it. Only an existing-home sales report was published in the US during...

On Tuesday, the EUR/GBP pair gave up some of its earlier gains: budgetary and political uncertainty in France limits the euro's upside potential. At the same time, technical signals still...

On Tuesday, despite a slight rise, the currency pair remains under pressure: the Japanese yen is strengthening amid expectations of further monetary tightening by the Bank of Japan, while...

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

The GBP/USD pair was in a near-free fall for eleven days, but for the third consecutive week, bulls have been putting up desperate resistance against bears, preventing them from advancing...

The EUR/USD pair has been declining for 24 consecutive days, apart from a few brief pauses. During this period, the euro has lost 500 points, and its losing streak began...