Analytics and trading signals for beginners. How to trade GBP/USD on May 18? Analysis of Monday. Getting ready for Tuesday
Analytics and trading signals for beginners. How to trade GBP/USD on May 18? Analysis of Monday. Getting ready for Tuesday
Sluggish trading for most of the day and unexpected profits at the very end.
Forex Analysis & Reviews
Analytics and trading signals for beginners. How to trade EUR/USD on May 18? Analysis of Monday. Getting ready for Tuesday
The euro/dollar pair continues its upward movement, however volatility was extremely weak on Monday.
May 17, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Further bullish advancement was anticipated towards 1.4100 then 1.4150 where the lower limit of the recently-broken channel applied significant bearish pressure.
On the other hand, Failure to maintain bearish pressure below 1.3400 is enhancing another bullish movement for retesting of the price.
May 17, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
Currently, the short term outlook for the EURUSD pair remains bearish. Bullish trades are quite risky.
That's why, we should be waiting for signs of bearish rejection like what happened earlier last week.
May 17, 2021 : EUR/USD daily technical review and trade recommendations.
Currently, any upside movement towards 1.2175 should be watched for bearish rejection and a possible valid SELL Entry.
If so, another downside movement towards 1.2070 should be anticipated. Further downside movement would be projected towards 1.1990.
GBP/USD. 1.4150 and higher: the pound has not realized its full potential
The pound, paired with the dollar, continues to besiege the 41st figure. Last week, buyers of GBP/USD tested this price level, but could not gain a foothold above the level of 1.4100. Nevertheless, the pound sterling retains the potential for further growth in the medium term – at least to the.
ETH falls into correction, ADA sets new all-time record: altcoin market forecast
The weekend turned out to be quite controversial for the altcoin market. On Saturday, the indicators of the main cryptocurrencies were actively growing, but the sudden collapse of bitcoin quotes did not leave the coins a chance. As a result, on May 17, the cryptocurrency market shrank by 8%, and.
Square announces $20M loss on Bitcoin investments
While bitcoin continues its decline for more than a month, more and more players are changing their position from plus to minus. For example, Square, which previously invested $220 million in the purchase of "digital gold", said that it no longer plans to buy bitcoin.
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EUR/USD and GBP/USD. Fear, expectations, and uncertainty shrouds the US dollar
Based on the recently released data on inflation in the United States, the situation in the West is uncertain. The acceleration of inflation to 4.2% suggests that the target level of the Federal Reserve System (Fed) has been exceeded by half, and whether this will become a short or medium-term.
BTC dropped to February low: why cryptocurrency prices continue to fall
The main cryptocurrency had all the prerequisites to successfully test the $60,000 mark over the weekend, but instead, the asset began to rapidly decline in price. Bitcoin dropped to $42,000 for the first time since February 2021.
Trading Signal for Gold XUA/USD, for May 17 - 18, 2021: Key level 1850
The technical reading of the eagle indicator shows that XAU/USD is reaching extreme overbought levels, and a bearish movement is likely in the next few hours as part of the technical correction.
Short-term analysis on EURUSD for May 17, 2021.
EURUSD has started the week on a slight positive note just above Friday's close. The volatility in the market is low but we expect it to rise during the week. EURUSD has already provided us with a bearish warning by the RSI. The bearish divergence in the Daily chart is not to be taken lightly.
Short-term analysis on Gold for May 17, 2021.
Gold price made a higher high today at $1,854.90. Trend remains bullish as price is still inside the bullish short-term channel and price continues making higher highs and higher lows. Gold price is making new highs but the RSI is not following. We have a bearish divergence warning signal.
Expecting EURJPY to start a reversal soon.
EURJPY is trading around 132 level inside an upward sloping wedge pattern. As we mentioned in a previous post, the RSI has provided us with a bearish divergence warning. I expect prices to roll over towards 131 at least during the coming days.
GBP/USD: plan for the US session on May 17 (analysis of morning trades)
In my morning forecast, I paid attention to the level of 1.4108 and advised him to make a decision on entering the market. Let's take a look at the 5-minute chart and talk about what happened
EUR/USD: plan for the US session on May 17 (analysis of morning trades)
The data on inflation in Italy coincided with the forecasts of economists. Thus, the buyers of the euro had no choice but to try to break through the resistance of 1.2149 with their own strength
GBP to hit new targets. EUR may drop ahead of new rally.
Market participants have come to a conclusion that the US dollar is unable to reach new highs. If the downward dynamic continues, the US dollar may drop to the new lows of 90.00-89.90. The macroeconomic data of this week may raise the volatility of both the euro and the pound sterling.
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