Forecast and trading signals for GBP/USD on May 19. Analysis of the previous review and the pair's trajectory on Wednesday
Forecast and trading signals for GBP/USD on May 19. Analysis of the previous review and the pair's trajectory on Wednesday
The pound traded fairly evenly on Tuesday, and almost half of the movement fell on overnight trading.
Forex Analyse & Reviews
Analysis of EUR/USD on May 18. European GDP continues to be negative
Markets were disappointed with the European statistics again, but according to the wave pattern, the Euro currency still continues to increase.
May 18, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Failure to maintain bearish pressure below 1.3400 is enhancing another bullish movement for retesting of the price level of 1.4225.
Conservative traders should be waiting for signs of bearish rejection. If so, quick bearish decline should be anticipated towards 1.4050 then 1.3950 as initial.
May 18, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
Currently, Bullish trades are quite risky. That's why, we should be waiting for signs of bearish rejection like what happened earlier last week.
Bearish re-closure below 1.2100 then 1.2050 is needed for more bearish domination. If so, Next bearish targets would be located around 1.2020 then.
May 18, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
Currently, Bullish trades are quite risky. That's why, we should be waiting for signs of bearish rejection like what happened earlier last week.
Bearish re-closure below 1.2100 then 1.2050 is needed for more bearish domination. If so, Next bearish targets would be located around 1.2020 then.
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May 18, 2021 : EUR/USD daily technical review and trade recommendations.
Today, another upside movement was demonstrated towards 1.2175 which failed to offer sufficient bearish pressure.
Breakout above 1.2175 enhances further bullish advancement towards 1.2250 as an initial target.
New cryptocurrency F * CKELON gains popularity among crypto-traders
As we have already said, bitcoin fell after a series of regular tweets and statements by Elon Musk. However, if previously most messages from the CEO of Tesla led to an increase in the price of "digital gold", then in the last month, each message from Musk leads to its fall.
ETH took a break, XRP and LTC pull the market to growth: analysis and forecasts
After an extremely poor start to the week, the main altcoins are beginning to recover their positions. Some coins almost completely recouped Sunday's drop in quotes, and some are only approaching dangerous and important milestones.
Bitcoin: Statistics show panic sell-offs
Bitcoin has not yet changed its technical picture, all the price benchmarks and scenarios noted in yesterday's forecast remain in force. Meanwhile, interesting information is coming in from the network data provider Glassnode.
As USD takes nosedive, EUR/USD could conquer historic peak
EUR/USD is climbing to the strongest level of 2021 that is 1.2243. Another push upwards enabled the buyers to enter the area above 1.22, thus confirming the strong bullish momentum
BTC reached $45,000, but the market prospects are extremely few: what is happening around the main coin
The collapse of bitcoin quotes caused a reduction in the indicators of the entire cryptocurrency market over the past few days. However, the asset managed to gain a foothold at the safe mark of $42,000, from where BTC began to grow and reached the milestone of $45,000.
Crypto hamsters are fleeing the ship, is everything as bad as it might seem?
The cryptocurrency market has been experiencing a difficult time in recent days, the bitcoin correction has reached a scale of 35%, the second cryptocurrency has sunk by more than 28%, for the rest of the altcoins it is even scary to talk, since the declines are comparable to panic: -40%, -50% and.
Bitcoin reversal possibilities from $40k
Bitcoin has been moving lower as expected by our analysis and has already reached the upper target area of our target $43,000-$40,000. The RSI in the 4 hour chart is showing bullish divergence signs. This is just a warning and not a reversal signal.
Oil: Time to buy!
Successful vaccinations in the US and Europe, and the associated hopes for the opening up of the world's leading economies and their rapid growth over the rest of the year, outweigh the factor of the tense epidemiological situation in Asia and contribute to the continuation of the Brent and WTI.
USDJPY double top at 109.70
USDJPY is trading around 108.92. Price is pulling back after making a double top around 109.70 where we find also the 61.8% Fibonacci retracement of the decline from 110.90 to 107.50. Price so far continues to respect a key trend line support and as long as we trade above it, bulls have hopes of.
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