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

The British pound, euro, Japanese yen, and Canadian dollar were traded today using the Momentum strategy. I did not use the Mean Reversion strategy. Weak eurozone GDP growth data...

The test of the price at 1.3493 occurred when the MACD indicator was just starting to move down from the zero mark, confirming a correct entry point for selling...

The euro, the pound, and other risk assets resumed declines against the U.S. dollar, and there were significant reasons for this. Yesterday, the U.S. Federal Open Market Committee voted...

If CL reaches the strong resistance at $106.79, we could expect it to face strong rejection at this level. However, if the upward momentum prevails, the instrument is expected...

The Eagle indicator has reached oversold levels and is showing a positive signal. Therefore, in case of a technical correction toward $4,500 and as long as the price consolidates above...

Given that the technical chart shows oversold levels, we could closely monitor the price; if it consolidates above 1.3460, we could view this level as a signal to continue buying...

There are many macroeconomic reports scheduled for Thursday. However, yesterday's market behavior showed that it is prepared to ignore even central bank meetings. This has been the case for more...

The GBP/USD pair showed no meaningful movement on Wednesday, despite important U.S. reports and the FOMC meeting in the evening. This was Jerome Powell's last meeting as the head...

If the euro recovers above 1.1650 and consolidates above 1.1681 in the coming hours, we could buy with targets at the 21 SMA around 1.1709 or around the upper band...

The GBP/USD currency pair also traded in a "neither fish nor fowl" manner on Wednesday. The British pound has been in a sideways range for two weeks now, which...