Forex Traders Portal

The GBP/USD pair rose by 70-80 pips on Friday, which could be attributed to the euro's rally, news about Abbas Araqchi, or the UK retail sales report. In my view...

On Friday, the EUR/USD currency pair would have continued its downward movement if it hadn't encountered a strong support line from the Ichimoku indicator—Senkou Span B. Essentially, the entire...

The EUR/USD currency pair may experience much more volatility next week than it did this week. The macroeconomic and fundamental backdrop will persist throughout much of the week, making...

The GBP/USD currency pair is also expected to trade quite volatile next week, with the direction of movement depending on numerous events scheduled...

The upcoming week promises to be informative and, consequently, volatile. The Federal Reserve and the European Central Bank will hold their April meetings, while a block of significant macroeconomic data...

Although gold still receives basic support near the $ 4,700-per-ounce round level, the market remains neutral and is unable to consolidate above the $4,800-per-ounce round level. This is largely...

The U.S. dollar approaches the new week with a less-than-favorable outlook. Its decline has persisted for three weeks. If the geopolitical backdrop remains as it is now or improves...

In recent weeks, the British pound has built a wave structure similar to the euro. Of course, there are differences, but overall, it represents the same five-wave downward structure...

The euro has been trading very technically in recent weeks, following wave patterns. Recall that a five-wave impulsive downward structure was first constructed, after which a standard three-wave correction...

The wave pattern on the 4-hour chart for EUR/USD has changed. There is still no talk of canceling the upward trend segment (lower chart), which began in January of last...