Forex analysis review

The wave count on the 4-hour chart for EUR/USD is becoming more complex. There is still no question of invalidating the bullish trend segment (lower chart), which began in January last year. On the contrary, we have seen a complete A-B-C corrective structure, which has most likely been completed. We never saw a convincing wave 5 within wave C. This wave took a truncate...

The EUR/USD pair continues to rise, with the move beginning after two liquidity sweeps marked by red lines on the chart. Imbalance 17 restrained the bulls' advance for a long time and still cannot be considered invalidated, as the base of the imbalance—the 1.1620 level—has not been broken. However, I think it is already clear to all traders that this pattern is no long...

The GBP/USD pair continues to rise, which I consider completely justified. Reports on the U.S. economy, labor market, and inflation have effectively settled the debate over whether the FOMC will raise interest rates in September. Nonfarm Payrolls declined for the fourth consecutive time and fell below zero. The U.S. economy is slowing. Inflation is declining. The situa...

Trade Review and Trading Tips for the Japanese Yen

The 159.22 price test occurred when the MACD indicator had already moved significantly below the zero line, which limited the dollar's downward potential. For this reason, I did not sell.

In the second half of the day, the main event will be the release of the minutes of the latest Fed meeting, at which three comm...

Trade Review and Trading Tips for the British Pound

The 1.3545 price test occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's upward potential.

The acceleration in UK inflation gave the pound upward momentum in the first half of the day, although the structure of the report was not as straightforward as it...