EURUSD, “Euro vs. US Dollar”

Recently, the USD has been growing against all major currencies and only EURUSD can’t decide on where to move. The fact that the pair has broken the range downwards probably indicates that market players finally agreed on the future outlook and started pushing the price downwards, which can be seen in the daily chart. In the H4 chart, EURUSD is expected to fall towards the support at the 0/8 level. However, this scenario may be cancelled if the instrument breaks the 3/8 level. In this case, the instrument may resume trading upwards to reach the resistance at the 5/8 one.

EURUSD

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

EURUSD

 

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD

As we can see in the M15 chart, the pair broke the downside line of the VoltyChannel indicator early in the week, that’s why it is still trading downwards and may continue the downtrend in the nearest future.

GBPUSD

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Feed news

Latest Forex Analysis

Editors’ Picks

EUR/USD recovery reaches critical 1.1170 price zone

The EUR/USD pair bounced from a fresh multi-year low of 1.1106, although the advance stalled in the 1.1170 region, with the pair having been unable to extend gains beyond it since last Friday. Bulls to become more courageous if the advance extends beyond 1.1200.

EUR/USD News

GBP/USD modestly up for the day after flirting with 1.2600

The GBP/USD pair is poised to close in positive ground for the first time in ten days, a result of an extremely overbought dollar and US data giving bulls a reason to take some profits out of the table. Brexit chaos persists, Pound gains unlikely.

GBP/USD News

USD/JPY trades at weekly lows near 109.70 as risk aversion dominates

The USD/JPY pair met a renewed selling pressure in the American trading hours amid intensifying flight-to-safety and touched its lowest level in a week at 109.68.

USD/JPY News

Market confidence in doldrums as PMI surveys plummet

US and German PMI surveys failed to muster any form of confidence in the growth picture, with stocks and the dollar under pressure today. The UK political picture looks bleak, with the chances of a no-deal Brexit or general election rising with May’s departure. 

Read more

Gold jumps to weekly tops and retreats, still well bid near $1280 level amid risk-off mood

Gold built on its intraday positive move and spiked to fresh weekly tops, around the $1284 region in the last hour, albeit retreated a bit thereafter.

Gold News

Majors

Cryptocurrencies

Signatures