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

The GBP/USD pair has once again reversed in favor of the pound and resumed its upward movement, fully in line with the current technical picture. Last week, price reacted...

The EUR/USD pair reversed in favor of the euro and began a new upward movement. Unfortunately, this occurred without testing the nearest bullish pattern. However, after zooming in and taking...

The wave pattern for GBP/USD continues to indicate the formation of a bullish trend segment (lower chart), while in the short term the structure that was initially interpreted as corrective...

The wave pattern on the 4-hour chart for EUR/USD has changed somewhat. There is still no indication of a cancellation of the bullish trend segment (shown in the lower chart)...

Trade Analysis and Trading Advice for the Japanese Yen No tests of the levels I identified occurred in the first half of the day, so I remained without trades. Meanwhile...

Trade Analysis and Trading Advice for the British Pound A price test at 1.3590 occurred at the moment when the MACD indicator had just started moving upward from the zero...

Trade Review and Trading Advice for the Euro A price test at 1.1762 occurred at the moment when the MACD indicator had just started moving upward from the zero line...

The GBP/USD pair is attempting to consolidate above the psychological 1.3600 level, showing recovery after opening the week with a bearish gap. However, moderate strengthening of the U.S. dollar...

Today, the euro and the British pound were traded using the Mean Reversion strategy, though no significant reversals ultimately developed. I did not execute any trades using the Momentum strategy...

On Friday, the EUR/USD pair made another reversal in favor of the euro and consolidated above the 50.0% Fibonacci retracement level at 1.1745. As a result, the upward movement...