GBP/USD: plan for the European session on May 14. COT reports. Bears need to defend resistance at 1.4059 and push to surpass 1.4014
EUR/USD. Inflation data failed to support the US dollar
The inflation data published on Wednesday failed to set up a dollar rally. Despite the long-term records, traders remained skeptical about the prospects for the Fed's monetary policy.
Forex Analyse & Reviews
GBP/USD: plan for the European session on May 14. COT reports. Bears need to defend resistance at 1.4059 and push to surpass 1.4014
Yesterday the pound generated a large number of signals to enter the market. Let's take a look at the 5-minute chart with you and analyze all the entry points. I recommended starting from the 1.4048 level and making decisions on entering the market exactly from it...
EUR/USD: plan for the European session on May 14. COT reports. Traders fighting for the pair's succeeding direction, and no one wants to give up
And although yesterday's data on the US economy led to a surge in volatility in the pair and strengthened the dollar's position, it was not possible to get out of the horizontal channel formed during the European session. Let's take a look at the 5 minute chart and talk about what happened.
MicroStrategy continues to buy Bitcoin
The company-developer of analytical software bought another 271 bitcoins.
Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on May 14
Several signals appeared for the euro yesterday. However, all of them had to be ignored because they did not coincide with the conditions necessary for opening positions. Meanwhile, for the pound, two of its buy signals were successful.
Bitcoin continues to decline. Traders have already lost about $2 billion in its fall
Elon Musk continues to manipulate the markets. Bitcoin has a much better chance of falling rather than rising.
Dollar climbed up, thanks to strong US labor market data. Meanwhile, another dispute arose between UK and EU.
Euro rallied yesterday morning. But when the US released its weekly labor market report in the afternoon, dollar began to climb up, accordingly pushing the euro back to its daily lows.
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Forecast for EUR/USD on May 14, 2021
The euro gathers strength for 1.1986.
Forecast for USD/JPY on May 14, 2021
The yen is aiming for the 110.44/62 range again.
Trading Signal for GBP/USD, for May 14 - 17, 2021: Buy above 1.4000/50
On the 1-hour chart you can see the formation of a symmetrical triangle, a break above the upper edge, could be a signal for a bullish momentum of GBP/USD to the 1.4111 zone, in this...
Forecast and trading signals for EUR/USD on May 14. Analysis of the previous review and the pair's trajectory on Friday
Markets are moving away from the inflation report, the upward trend for the EUR/USD pair remains. The correction is probably complete.
Overview of the EUR/USD pair. May 14. Panic and paranoia about US inflation does not want to leave the markets.
American inflation shocked the stock, cryptocurrency, and foreign exchange markets, although it was exactly its acceleration that everyone expected in recent months.
ICP has already reached $ 40 billion capitalization as it launched in the crypto market this week
The new cryptocurrency Internet Computer (ICP) is breaking into the global market immediately. The token is already in the top 10 in terms of capitalization and is not going to stop.
Analytics and trading signals for beginners. How to trade EUR/USD on May 14? Analysis of Thursday. Getting ready for Friday
The euro/dollar pair was trading in a horizontal channel without a definite direction of movement throughout Thursday.
Analysis of GBP/USD on May 13, 2021. New conflict on Brexit
The movements of the Pound/Dollar instrument remain difficult to attribute to any particular wave structure. The minimums of the assumed waves c and b practically coincide, so it is difficult to understand where exactly the construction of a new upward trend section began, which, depending on this,.
Analysis of EUR/USD on May 13, 2021. US PPI jumped higher in April
The wave counting on the 4-hour chart is still completely understandable and does not require any additions. Looking at the supposed wave 1 as part of the new upward trend section, it becomes clear that the third wave or c is also likely to turn out to be quite extended.
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