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GBP/USD: plan for the European session on Nov 4, 2019
To open long positions on GBP/USD, you need: Friday’s data on the US labor market and a weak report on manufacturing activity on the...
Posted On 04 Nov 2019
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Technical analysis of BTC/USD for Nov 1, 2019
Crypto Industry News: The Malta Financial Services Authority (MFSA) warns the public that the entity named “Bitcoin Future” appears...
Posted On 01 Nov 2019
Technical analysis of ETH/USD for Nov 1, 2019
Crypto Industry News: The leading cryptocurrency exchange Binance has quietly started trading the Russian ruble today, allowing users to deposit...
Posted On 01 Nov 2019
Elliott wave analysis of EUR/JPY for Nov 1, 2019
Resistance at 121.48 capped the upside and pushed EUR/JPY back below short-term key support at 120.55 indicating that red wave ii still was in...
Posted On 01 Nov 2019
Elliott wave analysis of GBP/JPY for Nov 1, 2019
Short-term key resistance at 140.74 has been capped. We continue to look for support at 138.64 and a break below here will lead to a decline to a...
Posted On 01 Nov 2019
Technical analysis of GBP/USD for Nov 1, 2019
Technical Market Overview: The GBP/USD pair is trying to break out from a narrow horizontal range located between the levels of 1.2783 –...
Posted On 01 Nov 2019
Technical analysis of EUR/USD for Nov 1, 2019
Technical Market Overview: The EUR/USD pair has tested the lower line of the ascending channel and currently, bulls are preparing to test the...
Posted On 01 Nov 2019
Technical analysis of BTC/USD for Oct 31, 2019
Crypto Industry News: The Bitcoin mining company belonging to the Russian Ombudsman plans to open a new facility and gain 20% of the...
Posted On 31 Oct 2019
Technical analysis of ETH/USD for Oct 31, 2019
Crypto Industry News: Chinese cryptocurrency mining giant, Canaan Creative, has applied to become a public company in the United States. Canaan...
Posted On 31 Oct 2019
EUR/USD: plan for the European session on Oct 31, 2019
To open long positions on EURUSD you need: Euro growth resumed after the Federal Reserve decided to lower interest rates. Even though many...
Posted On 31 Oct 2019
GBP/USD: plan for the European session on Oct 31, 2019
To open long positions on GBP/USD you need: While Brexit and UK election news did not support the pound and were ignored by buyers, yesterday the...
Posted On 31 Oct 2019
Elliott wave analysis of GBP/JPY for Oct 31, 2019
GBP/JPY remains stuck in a narrow trading range below short-term important resistance at 140.74. As long as this resistance is able to cap the...
Posted On 31 Oct 2019
Technical analysis recommendations for the EUR/USD and GBP/USD on Oct 31, 2019
Fundamental component Today, the economic calendar of the leading European monetary units has a lot of diverse statistics, but there are no...
Posted On 31 Oct 2019
Technical analysis of BTC/USD for Oct 30, 2019
Crypto Industry News: Cryptocurrencies like Bitcoin are not real money, as we read in a statement published by the German federal parliament....
Posted On 30 Oct 2019
Technical analysis of ETH/USD for Oct 30, 2019
Crypto Industry News: The head of the Chinese think tank said that the Chinese central bank will be the first to successfully introduce the...
Posted On 30 Oct 2019
EUR/USD: plan for the European session on Oct 30, 2019
To open long positions on EURUSD you need: A weak report on the US consumer confidence index, which fell last month, led to a weakening of the US...
Posted On 30 Oct 2019
GBP/USD: plan for the European session on Oct 30, 2019
To open long positions on GBP/USD you need: Yesterday’s support for the Laborites made it possible to get a majority on the issue of...
Posted On 30 Oct 2019
Forecast for GBP/USD on Oct 30, 2019
GBP/USD The British Labour Party did not torment Prime Minister Boris Johnson for too long, as yesterday it agreed to hold early elections in...
Posted On 30 Oct 2019
Technical analysis: Important Intraday Levels For EUR/USD, Oct 30, 2019
When the European market opens, some economic reports will be released such as Italian 10-y Bond Auction, German Unemployment Change, Spanish...
Posted On 30 Oct 2019
Technical analysis: Important Intraday Levels for USD/JPY, Oct 30, 2019
In Asia, Japan will release the Retail Sales y/y and the US will also publish some economic data such as Federal Funds Rate, Crude Oil...
Posted On 30 Oct 2019
Technical analysis of BTC/USD for Oct 29, 2019
Crypto Industry News: A court in the United States ordered Christopher Bania, who recently confessed to drug distribution, to give away nearly 17...
Posted On 29 Oct 2019
Technical analysis of ETH/USD for Oct 29, 2019
Crypto Industry News: China is considering using Blockchain and Artificial Intelligence (AI) for cross-border financing, according to financial...
Posted On 29 Oct 2019
Elliott wave analysis of EUR/JPY for Oct 29, 2019
Despite EUR/JPY breaking above minor resistance at 120.80 we recommend to remain cautious as the corrective decline from 121.48 looks incomplete...
Posted On 29 Oct 2019
Elliott wave analysis of GBP/JPY for Oct 29, 2019
Despite GBP/JPY moving higher we expect minor resistance at 140.74 to be able to cap the upside for another corrective decline towards at least...
Posted On 29 Oct 2019
Technical analysis of GBP/USD for Oct 29, 2019
Technical Market Overview: The GBP/USD pair is still being locked in a narrow horizontal range located between the levels of 1.2783 –...
Posted On 29 Oct 2019
Technical analysis of EUR/USD for Oct 29, 2019
Technical Market Overview: The bulls on EUR/USD pair are trying to get back into the ascending channel after the level of 1.1075 provided some...
Posted On 29 Oct 2019
Technical analysis of GBP/USD for Oct 28, 2019
Technical Market Overview: The GBP/USD pair is being locked in a narrow horizontal range located between the levels of 1.2783 – 1.2865. The...
Posted On 28 Oct 2019
Technical analysis of EUR/USD for Oct 28, 2019
Technical Market Overview: The EUR/USD pair is currently testing the lower ascending channel boundary located around the level of 1.1075. This...
Posted On 28 Oct 2019
Technical analysis of BTC/USD for Oct 28, 2019
Crypto Industry News: One of the popular answers to recent BItcoin increases is the official support of blockchain technology by the most...
Posted On 28 Oct 2019
Technical analysis of ETH/USD for Oct 28, 2019
Crypto Industry News: On October 26, the Standing Committee of the 13th National People’s Congress in China adopted a new law governing...
Posted On 28 Oct 2019
USD/CAD – prospects for the week
USD / CAD Throughout October, the Canadian currency seeks to maintain its position in the monthly cloud of Ichimoku, while the pair overcame the...
Posted On 28 Oct 2019
Bitcoin closes trap on bears
In our last analysis on Bitcoin I pointed out the bearish scenario in case price broke below $7,785. However I also pointed out that traders...
Posted On 28 Oct 2019
Gold reclaims key $1,500 level but daily candle gets rejected once again at major resistance
Gold price managed to move and stay above the key $1,500 level and exit the short-term bearish channel. However price has formed a Daily bearish...
Posted On 28 Oct 2019
Technical analysis: Important Intraday Levels for USD/JPY, Oct 28, 2019
In Asia, Japan will release the SPPI y/y and the US will also publish some economic data such as Prelim Wholesale Inventories m/m and Goods Trade...
Posted On 28 Oct 2019
GBP/USD: plan for the European session on Oct 28, 2019
To open long positions on GBP/USD you need: The main delay will be granted until January 2020, but with the condition that the UK may leave the...
Posted On 28 Oct 2019
EUR/USD: plan for the European session on Oct 28, 2019
To open long positions on EURUSD you need: Despite Friday’s weak fundamental data on the US economy, there are clearly more problems in the...
Posted On 28 Oct 2019
EUR/USD: plan for the European session on Oct 25, 2019
To open long positions on EURUSD you need: Mario Draghi said yesterday that he was ready to take any measures to stimulate economic growth, which...
Posted On 25 Oct 2019
GBP/USD: plan for the European session on Oct 25, 2019
To open long positions on GBP/USD you need: The pound fell against the US dollar yesterday, as the bulls rushed to take profits after the major...
Posted On 25 Oct 2019
Technical analysis of BTC/USD for Oct 25, 2019
Crypto Industry News: Kryptoin Investment Advisors based in Delaware has applied to the American Securities and Exchange Commission (SEC) for the...
Posted On 25 Oct 2019
Technical analysis of ETH/USD for Oct 25, 2019
Crypto Industry News: According to financial media, none of the 21 founding members of the Libra Association, except Facebook, have yet spent any...
Posted On 25 Oct 2019
Elliott wave analysis of EUR/JPY for Oct 25, 2019
The correction in red wave ii continues to play out as expected. The correction has become more complicated and should eventually move lower to...
Posted On 25 Oct 2019
Control zones for USD/JPY Oct 25, 2019
The main support this week was WCZ 1/4 108.44-108.39. It is important to note that at the same levels is the high of September, above which...
Posted On 25 Oct 2019
Fractal analysis of the main currency pairs for Oct 24, 2019
Forecast for October 24: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are:...
Posted On 24 Oct 2019
Technical analysis: Important Intraday Levels for USD/JPY, Oct 24, 2019
In Asia, Japan will release the Flash Manufacturing PMI and the US will also publish some economic data such as Natural Gas Storage, New Home...
Posted On 24 Oct 2019
Technical analysis: Important Intraday Levels For EUR/USD, Oct 24, 2019
When the European market opens, some economic reports will be released such as Belgian NBB Business Climate, Monetary Policy Statement, Main...
Posted On 24 Oct 2019
Elliott wave analysis of EUR/JPY for Oct 24, 2019
We think that the corrective dip to 120.36 only was the first part of a slightly more complicated correction that ultimately will bring EUR/JPY...
Posted On 24 Oct 2019
Elliott wave analysis of GBP/JPY for Oct 24, 2019
We are looking for more downside pressure towards strong support near 135.67. Therefore, we continue to look for more short-term downside...
Posted On 24 Oct 2019
Technical analysis of BTC/USD for Oct 23, 2019
Crypto Industry News: The Taiwanese electronic giant HTC has launched its new smartphone Exodus 1s, enabling users to run a full Bitcoin node on...
Posted On 23 Oct 2019
Technical analysis of ETH/USD for Oct 23, 2019
Crypto Industry News: You can now earn a master’s degree in Blockchain and Distributed Ledger Technology (DLT) at the University of Malta....
Posted On 23 Oct 2019
Elliott wave analysis of EUR/JPY for Oct 23, 2019
The expected correction towards 119.87 is playing out as expected. We may see a dip close to our ideal target in the coming days to complete this...
Posted On 23 Oct 2019
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Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
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