Consolidation on the British pound – the continuation of the fall or reversal?

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.

Doji bar on a pair GBPUSD Weekly

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

Did the Australian dollar find the bottom?

There was an interesting technical picture on the Australian dollar.

The forecast for the pair AUD USD-060518
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

Analysis of the US dollar (USDX) and forecast for the week of April 30 – May 04 2018

Last week was remarkable by the significant strengthening of the US dollar practically across the entire spectrum of the foreign exchange market.

The forecast for the dollar index USDX-280418The dollar grew along with the yield of US government bonds. Continue reading

Technical analysis and forecast for the EURUSD pair on April 07, 2018

The EURUSD currency pair continued to consolidate in the range.

Forecast EURUSD Weekly-070418
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

NZDUSD – forex forecast for the upcoming week 02-06 April 2018.

The NZDUSD currency pair is traded on Forex in a down channel.

Forecast NZDUSD Daily-310318
However, already for 2 months Kiwi finds buyers at a long-term level around the value of 0.72000 (orange line). Continue reading

Waiting for drivers – forex forecast for the pair EURUSD on March 31, 2018.

The last couple of months and the last nine weeks the EURUSD currency pair continues to consolidate in a wide range.

Forecast for the EURUSD Weekly-310318
Last week, the euro finished with a bear pin-bar almost exactly in the middle of the consolidation range. Continue reading

AUDUSD forecast for the upcoming week is March 26-30, 2018.

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.

AUDUSD forecast Daily-250318
Technically, on the daily chart, we see consistently falling High and Low, which indicates the continuation of the trend movement down. Continue reading

Forex forecast for the next week 12-16 March 2018 (USDX, EURUSD, USDJPY)

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.

Forex forecast USDX Weekly-110318-1
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

Forex forecast for the Russian ruble (USDRUB) for the week 05-09 March 2018

Last week, the dynamics of the Russian ruble versus the US dollar was affected by several factors.

Forex forecast USDRUB Daily-040318
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

Forex forecast for the US dollar and the EURUSD pair for the week of February 26 – March 02, 2018

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.

Forecast USDX Daily-240218

Let’s start with the chart of the US dollar index (USDX). Continue reading

EURUSD forex forecast for the next week of February 19-23, 2018

On Friday, we observed an active decline in the currency pair EURUSD in the foreign exchange market. Than this movement is remarkable.

Analysis EURUSD M30-170218

For such an active downward movement, there were no information drivers. Continue reading