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

USDJPY continues to trade inside the bearish channel we mentioned last time. Price today is breaking below 104 and trading now at 103.80. Our next target as we mentioned...

Further upside movement is being demonstrated towards 1.2160 where a false breakout to the upside may be expressed as a possible bearish reversal signal. Hence, Bearish closure below the mentioned...

USD/JPY is trading at 104.28 above the minor uptrend line and near the major downtrend line. Its failure to approach and reach the 103.27 lower low signals that the sellers...

Analysis of transactions in the EUR / USD pair Several trading signals emerged for the euro yesterday, however, all of them did not bring much result. Short positions at 1.2065...

GBP/USD price turns are caused by Brexit, which again became a headache for traders. The contradictory news flow does not allow investors to determine the vector of price movement-- even...

Hourly chart of the GBP/USD pair The GBP/USD pair's movement on Wednesday was even more upbeat and unpredictable than the EUR/USD pair. If the euro is now trading...

Hourly chart of the EUR/USD pair The EUR/USD pair corrected by 40 points on Wednesday morning, which is very small compared to last week's movement, and then it went back...

In a previous analysis we noted the upside potential in EURJPY as price had formed a bullish inverted head and shoulders pattern. Yesterday the resistance neck line was broken upwards...

Further upside movement is being demonstrated towards 1.2100 where a false breakout to the upside is being expressed as a possible bearish reversal signal. Hence, Bearish closure below the mentioned...

AUD/USD has increased as expected after jumping the 0.7327 high acting as resistance. Now the pair has jumped above the 0.7400 psychological level but has failed to stabilize above...