Forex analysis review

On Wednesday, gold (XAU/USD) is showing moderately negative dynamics, attempting to hold above the psychological $4,700 level, though without clear dominance from sellers. US inflation data published on Tuesday exceeded market expectations and strengthened investor confidence in further monetary tightening by the Federal Reserve. At the same time, ongoing geopolitical ...

The test of the 157.76 price level occurred when the MACD indicator was just beginning to move upward from the zero mark, confirming a valid entry point for buying the dollar. As a result, the pair rose by only 17 points.

Today, U.S. Producer Price Index (PPI) data for April will be released. However, particular intere...

The test of the 1.3531 price level occurred when the MACD indicator was just beginning to move downward from the zero mark, confirming a valid entry point for selling the pound. As a result, the pair declined by more than 20 points.

Against the backdrop of a lack of new fundamental data, the pound remained under press...

The test of the 1.1731 price level occurred when the MACD indicator was just beginning to move downward from the zero mark, confirming a valid entry point for selling the euro. As a result, the pair declined toward the target level of 1.1704.

The euro continued to lose ground against the dollar after Eurozone GDP data for the ...

The EUR/USD pair continued its downward movement on Tuesday after rebounding from the 1.1786 level. The pair consolidated below the 50.0% Fibonacci retracement level at 1.1745, which allows for expectations of continued decline toward the next Fibonacci level of 38.2% at 1.1666. A consolidation above the 1.1745 level would favor the euro and a return to the 1.1786 level, whic...