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

US equities came under meaningful pressure as resilience to high inflation and tight rates faded. The lofty expectations priced into AI names are no longer sufficient to outweigh macro risks...

The test of the 163.79 price level occurred when the MACD indicator had just started moving upward from the zero line, which confirmed the validity of the entry point...

The test of the 1.3301 price level occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's upward potential. For this reason...

The test of the 1.1365 price level occurred at a time when the MACD indicator had just started moving downward from the zero line, which confirmed the validity...

Bitcoin and Ethereum showed no meaningful recovery after the Asian sell-off and are preparing to extend their decline during the second half of the day, following the US technology sector...

The British pound and the Canadian dollar were traded today using the Mean Reversion strategy. I did not trade anything using Momentum. The lack of fresh economic data, as expected...

On Monday, the EUR/USD pair posted another advance before reversing lower and consolidating below the 23.6% Fibonacci retracement level at 1.1395. As a result, the euro may continue to decline...

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On the hourly chart, the GBP/USD pair advanced to the 50.0% Fibonacci retracement level at 1.3348 on Monday before reversing in favour of the US dollar. The pair then declined...

Yesterday, US equity indices finished mixed. The S&P 500 rose by 0.02%, while the Nasdaq 100 fell by 0.18%. The Dow Jones Industrial Average gained 0.51%. After the closing bell...