FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today
USDJPY continues lower towards our next target of 103.
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...
Technical analysis of EURUSD
EURUSD today reached and surpassed our first target of 1.2130. Price continued higher towards 1.2175 but at the end of the day price is near its lows. Short-term trend remains...
Gold price halts advance right below major resistance
Gold bulls have enjoyed a big relief bounce from $1,763 low to $1,843. My bounce expectations where not that optimistic, but the market knows better. Gold price has reached just...
Trading Signal for GBP/USD for December 03 - 04, 2020: Buy above 1.3430
On a technical level, you can see on the 4-hour chart, that the GBP/USD is with strong bullish momentum, at this time of writing the analysis, it is trading above...
GBP still rises, but traders brace for slump
What has the most significant influence on the pound sterling: the unprecedented drop in the US dollar or the Brexit issue? Earlier, the pound sterling showed a negative reaction...
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Trading Signal for EUR/USD for December 03 - 04, 2020: Strong Resistance at 1.2165
The EUR/USD pair, driven by the appetite for risk in the market, extends the upward movement near the 7/8 area of murray, around 1.2146, this level is key, because...
December 3, 2020 : EUR/USD daily technical review and trade recommendations.
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...
December 3, 2020 : EUR/USD Intraday technical analysis and trade recommendations.
The recent bearish H4 candlestick closure below 1.1770 was mentioned in previous articles to indicate a valid short-term SELL Signal. All bearish targets were already reached at 1.1700 and 1.1630...
Outlook on EUR/USD for December 3, 2020
EURUSD: Keep buying from 1.2012. Purchases from 1.2040 are possible. As long as the trend continues, before there is a reversal, there will be a strong pullback. For sales, there...
December 3, 2020 : GBP/USD Intraday technical analysis and trade recommendations
Further bullish advancement was expressed towards 1.3380-1.3400 where the pair looked overbought after failure of the previous price zone to offer sufficient bearish pressure on the pair. Bearish Price action...