It's our 19th anniversary!

Forex market sessions

21 February 2019

Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (21/02/19)

Loading...
Data cannot be shown.

The FOMC minutes provided USD with a short-lived boost. In addition to this, today we’ll be looking at two currency pairs that involve the euro, as well as one that involves 2 safe haven currencies.

0

Market sessions

Vadim Josub

Vadim Iossub

EURUSD: 1.1373 remains the immediate target for the bulls

On Wednesday the 20th of February, trading on the EURUSD pair entered a sideways trend within a range of 1.1325 to 1.1370, revisiting the high from the 6th of February in the process, which is at the top of this range. This trend continued into Thursday morning’s trading, where the pair dropped to 1.1330. All the while, the pair has remained within the confines of the newly-formed upwards channel that appeared at the end of last week. The immediate growth target remains at 1.1373, which marks the 50% Fibonacci level of the latest decline. However, the pair could test the lower boundary of the channel on the way to this target.

0
20 February 2019

Market sessions

Vadim Josub

Vadim Iossub

EURUSD: new upwards channel forming

On Tuesday the 19th of February, trading on the EURUSD pair started from 1.1310. It dropped to 1.1275 by midday before undergoing a sharp upwards reversal to reach our target of 1.1341. It then pressed on to hit 1.1355 before retreating to close the day below the newly broken resistance. The level to which the pair corrected (1.1341) is, first of all, the intraday high from the 13th of February, and secondly, it coincides with the 38.2% Fibonacci level of the decline from 1.1514 to 1.1233.

0
19 February 2019

Market sessions

Natalia Milchakova

Natalia Milchakova

EURUSD: trend may reverse upwards in a couple of weeks

On Monday, trading on the EURUSD pair closed up by a decent amount. By close, the euro had appreciated by 0.11% to finish the day at 1.1308. The single currency has started the week by attempting to reverse the downtrend started at the beginning of February. The euro has lost 1.2% against the dollar since the beginning of the month. We could see this trend reverse in the coming weeks, and the euro may rise as far as 1.1340.

0
18 February 2019

Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

EURUSD: back inside the triangle

The EURUSD pair hasn’t moved much over the last 6 days. We are locked in a sideways trend, but that doesn’t mean that there’s no action to be seen. Everything is taking place around a crucial long-term support, so it’s no surprise that buyers and sellers are fighting for every single tick here.

0

Market sessions

Vadim Josub

Vadim Iossub

EURUSD: growth target at the 1.1341 resistance

In the first half of Friday’s trading, the EURUSD pair continued its decline within the downwards channel with a drop from 1.1294 to 1.1234 to revisit the low from the 13th of November of last year. However, the pair underwent a sharp reversal ahead of the US session, and went on to climb to 1.1308, breaking through the upper boundary of the downwards channel that has been dictating this pair’s trajectory since the end of January. The pair then closed the week at 1.1292.
0
14 February 2019

Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (14/02/19)

Loading...
Data cannot be shown.

Worse than expected data from the Eurozone made its mark on the EURUSD pair, gold is looking down at a crucial support again, and after disappointing data from both currencies, the EURGBP pair is adhering to the technicals.

0

Choose a period:

Back to top