The States increased legislative pressure on bitcoin
The cryptocurrency has exceeded the target level of $40,700, but it shows readiness for a new drop of $10,000..
Forex Analysis & Reviews
Forecast for EUR/USD on August 2, 2021
We are waiting for the euro's reaction to the ISM Manufacturing PMI as an indicator of the market's intention to buy risk.
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Forecast for USD/JPY on August 2, 2021
The USD/JPY pair is on a sideways trend on August 2.
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Forecast and trading signals for GBP/USD on August 2. Analysis of the previous review and the pair's trajectory on Monday
The British pound began to correct after rising by 400 points. The bulls have taken in some of the profits.
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Forecast and trading signals for EUR/USD on August 2. Analysis of the previous review and the pair's trajectory on Monday
The European currency did not pay any attention to the strong data from the European Union. Bulls retreated from the market again.
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Overview of the GBP/USD pair. August 2. The Bank of England is unlikely to surprise traders with anything. All attention is on the US labor market.
This week, the Bank of England will hold a meeting. However, it is unlikely that the British regulator will surprise the markets with something, and the pound does not need support at all now..
Overview of the EUR/USD pair. August 2. Preview of the week. The US dollar is waiting and hoping to see strong reports from ADP and NonFarm Payrolls.
The US currency resumed its decline. Will the labor market reports support the US dollar?.
Analytics and trading signals for beginners. How to trade EUR/USD on August 2. Analysis of Friday. Getting ready for Monday
A very interesting day in terms of macroeconomic events. And very revealing.
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Weekly NZDUSD analysis
NZDUSD is trading around 0.6970 for the 4th consecutive week. Each time moves below 0.6950 over the last four weeks, bulls step in and push price higher to close the week above it. This can be seen by the long lower tails in the weekly candlesticks..
Weekly GBPUSD candlestick analysis.
GBPUSD enjoyed a positive week after a bullish hammer candlestick pattern week. Hammer patterns usually are signs of trend change and since the following week was positive, the chances for a continued move higher are now increased..
Bitcoin faces big resistance
Bitcoin is trading above $40,000 and is challenging both a downward sloping resistance and the horizontal resistance at $42,000. Bulls need to be cautious as there are some warning signs that the week might start with a pull back..
XRPUSD could start the week with a short-term pull back
XRPUSD has risen the last few days from $0.51 to $0.75. Price has now formed a wedge pattern that if broken downwards will justify a retracement in price..
AUD/USD. Waiting for the RBA verdict: Australian central bank may issue a "ticket to the south" for the aussie
At the end of last week, the AUD/USD pair failed to get out of the 100-point price range. Traders are waiting for the August meeting of the RBA, the results of which will be announced next Tuesday.
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Trading plan for the EUR/USD pair for the week of August 2-6. New COT (Commitments of Traders) report.
The Fed may have started a new upward trend..
Trading plan for the GBP/USD pair for the week of August 2-6. New COT (Commitments of Traders) report.
The pound strengthened more seriously against the dollar than the euro, although there were fewer reasons for this..
Wave analysis of GBP/USD for July 30
The wave counting for the Pound/Dollar instrument became a little clearer after Wednesday. Thus, the instrument continues to build a new upward wave, which now looks very convincing and definitely does not fit into the wave counting of the previous downward trend section..
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