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

The GBP/USD pair declined for four consecutive trading days. As a result of this sell-off, bears reached imbalance zone 18, which represents a bullish pattern. Therefore, bearish pressure...

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Trade Review and Trading Tips for the Japanese Yen The price test at 158.95 occurred at a moment when the MACD indicator was just beginning to move downward from...

Trade Review and Trading Tips for the British Pound The price test at 1.3424 occurred at a moment when the MACD indicator was just beginning to move downward from...

Trade Review and Trading Tips for the Euro The price test at 1.1617 occurred at a moment when the MACD indicator was just beginning to move downward from the zero...

Today, trades in the euro and the pound were executed using the Mean Reversion strategy. I did not trade using the Momentum strategy. Today's preliminary eurozone PMI data...

Minutes from the Federal Reserve meeting indicate that officials are preparing for a possible interest rate hike. Expectations of a June ECB rate increase are growing as inflation remains above...

Geopolitical uncertainty and expectations of a Federal Reserve rate hike are supporting the US dollar, limiting the pair's upward potential. Expectations that the Bank of England will adopt a less...

On Wednesday, the EUR/USD pair reversed in favor of the euro and climbed toward the 50.0% Fibonacci corrective level at 1.1630. A rebound from this level would favor the U.S...

On the hourly chart, the GBP/USD pair reversed once again in favor of the British pound on Wednesday and climbed toward the resistance level of 1.3454–1.3466. A rebound from this...