Forex analysis review

On Thursday, EUR/USD attempted to resume its decline toward the 61.8% retracement level at 1.1507, but in the second half of the day, the bulls pushed the bears back. Trader activity remains low. Today, a rebound from the 1.1551 level would again favor the U.S. dollar and some decline toward 1.1507. Consolidation above 1.1551 would allow traders to expect a continuation of th...

Those looking for a reason for optimism find it – and the market didn't search long these days, finding two at once. The S&P 500 closed at a record high for the 27th time this year. The formal reason is clear: the July producer price index unexpectedly remained unchanged, even though economists had forecast an increase. A day earlier, the consumer price index delivered a ...

On the hourly chart, GBP/USD continued to decline toward the 1.3454–1.3458 support level on Thursday after rebounding from the 1.3526–1.3557 level. A rebound from the 1.3454–1.3458 level would favor the pound and a resumption of growth toward 1.3526–1.3557. Consolidation below the 1.3454–1.3458 level would allow traders to expect a continuation of the decline toward the 38.2%...

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The wave analysis of the 4-hour chart for the EUR/USD instrument is becoming more complicated. There is still no talk of canceling the upward section of the trend (bottom image), which began in January of last year. However, the trend's wave structure has taken on a corrective form. In the long term, we should expect the formation of wave C, the low of which should be ...