EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has formed Double Top reversal pattern, which may indicate a possible decline. To confirm this scenario, the pair must break 5/8. In this case, the target will be at 3/8. However, this scenario may no longer be valid if the price breaks 6/8. After that, the instrument may continue moving upwards to reach the resistance at 8/8.

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 trading downwards.

EURUSD

 

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, bulls haven’t been able to reach 2/8. In this case, the pair is expected to resume falling towards the -1/8. However, this scenario may be cancelled if the price breaks 0/8. In this case, the instrument may resume growing to reach the resistance at 2/8.

GBPUSD

 

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.

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 below 1.1200 on Draghi's dovishness, amid Trump-Xi meeting announcement

EUR/USD is trading below 1.1200 after ECB President Draghi opened the door to rate cuts. Presidents Trump and Xi will hold an extended meeting at the G-20 Summit. The news cheered markets.

EUR/USD News

GBP/USD hovers above 5-month lows ahead of Conservative leadership contest

GBP/USD is hovering above 1.2500, close to the five-month lows. Conservatives will vote in the second round of their leadership contest. Boris Johnson is set to win again.

GBP/USD News

USD/JPY rallies beyond mid-108.00s on Trump's positive comments

Trump said he will have an extended meeting with the Chinese President next week. This comes on the back of Draghi's dovish comments and triggers risk-on trade. Fading safe-haven demand weighs heavily on the JPY and remained supportive.

USD/JPY News

Fed Preview: Proto-easing

Fed Funds 2.25%-2.50% target range predicted to be unchanged. Market expecting confirmation of easing bias into the second half. FOMC statement wording, especially "patient" and the economic projections important.

Read more

Gold surges through $1350 level, back closer to 14-month tops

Gold built on its strong intraday positive momentum and spiked to fresh session tops, beyond the $1350 level during the early North-American session.

Gold News

Majors

Cryptocurrencies

Signatures