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Forex Analysis & Reviews
Fractal analysis of major currency pairs on June 24, 2021
The EUR/USD pair is expected to continue declining after the level of 1.1874 is broken. The key support level is 1.1976. The GBP/USD pair is expected to develop the next upward trend from June 21 after breaking through the level of 1.3993. The key intraday support level is 1.3915.
Indicator analysis. Daily review for the GBP/USD pair on June 24, 2021
Yesterday, the pound/dollar pair moved down and tested the support of the ascending channel - 1.3923 (red bold line). Then, the price went up to 13 EMA - 1.4004 (yellow thin line). The daily candlestick was closed at 1.3958. It is possible to continue to move up. News is expected at 11.00 UTC.
Indicator analysis. Daily review for the EUR/USD pair on June 24, 2021
The euro/dollar pair moved upward yesterday and tested the 8 EMA - 1.1972 (blue thin line). And then, the price went down to the retracement level of 61.8%, 1.1918 (red dotted line). The daily candlestick was closed at 1.1924. News is expected at 8.00, 10.00 UTC (euro) and 12.30 UTC (dollar)..
Hot forecast for EUR/USD on June 24, 2021
Despite incredibly weak statistics, the dollar was still able to resume its growth, which raises a number of questions that simultaneously hint at how events will develop...
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Technical Analysis of EUR/USD for June 24, 2021
Euro slowly moving higher during the corrective bounce
Forecast for GBP/USD on June 24 (COT report).
Bull traders are pulling the pound/dollar pair up again. However, with the support of the Bank of England, the process will go faster and more fun
AUD/USD. Australian dollar tries to reach the 0.76 mark
The AUD/USD pair is gradually recovering after an impulse decline to multi-month lows. Apparently, the Australian dollar will make another attempt to reach the level of 0.76 in the medium term.
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We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.
