GBP/USD Resumes Its Upside Journey
GBP/USD Resumes Its Upside Journey
GBP/USD has escaped from a continuation pattern, so more gains are expected!
Pregled Forex analiza
Analysis and Forecast for EUR/USD on January 27, 2021
Yesterday was not the best day for the US dollar as it suffered losses across a wide range of markets. The market participants concerns about the pace and quality of mass vaccination of the population against the COVID-19 pandemic were replaced
EUR/USD: Will the Fed ease its bond purchase program? IMF expects the US economy to grow, while the UK and EU economies to contract this year.
Many are wondering if Jerome Powell will announce any change in the Fed's bond purchase program.
NZDJPY is testing resistance, potential reversal
Price is testing our first resistance, in line with our horizontal swing high resistance, 127.2% fibonacci retracement and 127.2% fibonacci extension where we could see a reversal below this level.
Trading Recommendation
Entry: 75.076
Reason for Entry:
horizontal swing high resistance, 127.2%.
USDCHF testing ascending trendline support, potential for a bounce!
Price is testing our ascending trendline support and 1st support, in line with our horizontal overlap support and 61.8% Fibonacci retracement level. We could potentially see a further rise up from this level towards our 1st resistance level, in line with our 61.8% Fibonacci extension, 76.4%.
USDJPY testing descending trendline resistance! Drop incoming!
Price testing and holding below descending trendline resistance and key fibonacci retracement level. A short term drop below 1st resistance at 103.721 towards 1st support at 103.590 could be expected.
Trading Recommendation
Entry: 103.721
Reason for Entry:
61.8% Fibonacci retracement,descending.
USDCAD is facing bearish pressure, potential for further drop
USDCAD is facing bearish pressure from 1st resistance level, in line with the 61.8% fib extension and 61.8% fib retracement, where we could see a further drop below this level towards 1st support where 50% fib retracement is. Stochastics also shows that price is near resistance.
Trading.
EURUSD is approaching support, potential bounce
Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 50% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level to our first resistance target.
Trading Recommendation
Entry: 1.21437
Reason for Entry:.
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GBP/USD. January 27. COT report. Positive statistics from the UK led to new strong growth of the pound
The data was much stronger than traders' expectations. The bulls are ready to continue buying the pound. Will the Fed help them with this today?
Technical Analysis of GBP/USD for January 27, 2021
Pound Makes another higher high
Technical analysis of AUD/USD for January 27, 2021
The trend of AUD/USD pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Due to the previous events, the price is still set between the levels of 0.7695 and 0.7775, so it is recommended to be careful while making deals in these.
Technical analysis of EUR/USD for January 27, 2021
The maximum level for the EUR/USD pair (Euro vs U.S. Dollar) was 1.2190 , and the minimum, 1.2054 (the last bearish wave, last week). The EUR/USD pair has been on a bullish trend ever since touching 1.2138 (pivot). It was all climb from there, with the pair hitting on January this month a.
Indicator analysis. Daily review of GBP/USD for January 27, 2021
On Tuesday, while moving up, the price tested the fractal at 1.3744 (red dotted line) and closed the daily candlestick at 1.3731. Today, the price will try to extend the upward movement.
Trading recommendations for starters of EUR/USD and GBP/USD on January 27, 2021
Let's consider the opportunities and prospects for EUR/USD and GBP/USD pairs and open trade deals.
Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on January 27
EUR/USD dropped in price yesterday, as a result of which several trading signals appeared in the market. As for GBP/USD, two false signals emerged, but thanks to the MACD line, traders managed to avoid them.
Indicator analysis. Daily review of EUR/USD for January 27, 2021
On Tuesday, the pair tested the resistance level of 1.2177 (bold blue line) while moving upwards. The daily candlestick closed a bit lower at 1.2158. Today, the market is likely to continue the uptrend. We expect important economic news on Wednesday.
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