Over the past week, the British pound consolidated in the range. The decision of the Bank of England on the interest rate did not lead to an exit from the range.
As a result of consolidation, the doji bar was formed on the weekly chart of the pair, which confirms the uncertainty of traders in the pair. Continue reading
There was an interesting technical picture on the Australian dollar.
The AUDUSD pair tested a strong long-term mirror level (or more accurately say the zone) in the region of 0.7500 and fought off it upwards. Continue reading
Last week was remarkable by the significant strengthening of the US dollar practically across the entire spectrum of the foreign exchange market.
The dollar grew along with the yield of US government bonds. Continue reading
The EURUSD currency pair continued to consolidate in the range.
The past week was marked by testing the lower boundary of the consolidation range and rebounding from the long-term ascending trend line. Continue reading
The NZDUSD currency pair is traded on Forex in a down channel.
However, already for 2 months Kiwi finds buyers at a long-term level around the value of 0.72000 (orange line). Continue reading
The last couple of months and the last nine weeks the EURUSD currency pair continues to consolidate in a wide range.
Last week, the euro finished with a bear pin-bar almost exactly in the middle of the consolidation range. Continue reading
Drawing attention to the daily chart of the AUDUSD currency pair, we see that the last day of the previous week was closed by a bearish pin-bar.
Technically, on the daily chart, we see consistently falling High and Low, which indicates the continuation of the trend movement down. Continue reading
We will begin the analysis with the US dollar (USDX). The short-term situation at the end of Friday, I analyzed in the article Hour of truth for the dollar, let’s look at the long-term picture.
Let me remind you that the dollar in the US in its decline for more than a year could not gain a foothold below the principal long-term mirror area. Continue reading
Last week, the dynamics of the Russian ruble versus the US dollar was affected by several factors.
This is primarily an increase in the S&P rating of the Russian Federation to “BBB-/A-3, market reaction to the speech of the President of the Russian Federation with a message to the Federal Assembly and the dynamics of the US dollar. Continue reading
Last week ended with the consolidation of the main currency pairs around the key levels. In more detail these levels and their meaning are described in the previous forecast and this article, so I will not dwell on this.
Let’s start with the chart of the US dollar index (USDX). Continue reading
On Friday, we observed an active decline in the currency pair EURUSD in the foreign exchange market. Than this movement is remarkable.
For such an active downward movement, there were no information drivers. Continue reading