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

The wave structure of the GBP/USD instrument remains somewhat ambiguous, but overall digestible. At this stage, there is a strong likelihood that a long-term downward trend segment is forming. Wave...

Trade Analysis and Tips for the British Pound The test of the 1.2950 level occurred just as the MACD indicator began to rise from the zero line, confirming a valid...

In my morning forecast, I focused on the level of 1.2964 and planned to make market entry decisions based on it. Let's look at the 5-minute chart and break down...

Important support is located around the 21 SMA at 3,035. This level coincides with the bottom of the uptrend channel, which could suggest a technical rebound in the coming days...

Early in the American session, the euro is trading around 1.0771, below the 21SMA, and within the downtrend channel forming since March 14. The bias is bearish. Yesterday, EUR/USD attempted...

On the hourly chart, the GBP/USD pair on Thursday rebounded from the 1.2865 level, reversed in favor of the pound, and rose above the 1.2931 level, which carries no weight...

As the week comes to an end, the market remains indecisive, with no clear preferences evident. Yesterday, the bulls made some progress, adjusting the prevailing bearish sentiment. To confirm...

The price test at 1.2927 occurred when the MACD indicator started moving down from the zero mark, confirming a valid entry point for selling the pound. However...

The euro and the pound have shown that no one is ready for a major sell-off. However, there was no active support from big market participants positioned for long positions...

A fair number of macroeconomic events are scheduled for Friday, but we believe they will likely trigger only a localized market reaction. The UK will publish Q4 GDP data...