The EURUSD is consolidating ahead of the March Non-Farm Payrolls in the U.S, similarly to the behaviour of the GBPUSD. Additionally, the pair's price action appears somewhat subdued today because of low trading activity (today is Good Friday, a major Holiday in Western Europe and the U.S.). Traders should keep in mind that low liquidity oftentimes leads to adverse fluctuations because of a lack of general [...]

The GBPUSD is forming a new downtrend, despite the fact that the pound, bolstered by robust economic data in the U.K., continues to show resilience to the mounting bearish pressure. That is why other currency pairs involving the greenback have already dived more than the cable has, but even the GBPUSD is starting to be affected by changing market sentiment more noticeably. [...]

The GBPUSD is still summiting near the peak of its recent rally, and traders wonder whether the cable has enough strength left to continue climbing. The continuation of the rally would be subject to whether the currently developing swing high manages to surpass the previous one. And the fact that the price action is presently probing a psychologically significant resistance raises the stakes even more. [...]

The EURUSD pair currently finds itself in a firm downtrend, which looks poised to continue depreciating soon. In fact, the underlying price action is currently establishing a minor bullish correction that likely serves the role of an intermittent break in the development of the broader downtrend. It remains to be seen whether this correction's completion will be followed by continued price depreciation, which [...]

The EURUSD is currently in the process of establishing a Distribution range, as postulated by the Wyckoff cycle theory. What this implies is that the pair is transitioning from the established bullish trend into a new possible downtrend, a process that could take up to several weeks to complete. Nevertheless, the situation looks different in the shorter-term following a recent bullish rebound. [...]

The GBPUSD has been performing exceptionally well over the last several weeks, consistently beating the odds. The pair has been trading over a multi-year high for over a week now and is currently threading below the psychologically significant resistance at 1.40000. Could this major barrier catalyse the long-awaited bearish correction for the overbought pair? [...]

The EURUSD started developing a new major downtrend recently, as per our earlier projections. By the end of last week, however, the price corrected some of the losses by retracing up north. Seeing as to how the underlying price action still appears to be entailing ostensibly bearish bias, this could create some interesting trading opportunities. [...]

The GBPUSD pair has been flexing muscles for quite a while now, refusing to go down just yet despite continuously mounting expectations for a new bearish correction. The reasons for the pound's strength are complex - from post-Brexit optimism to strong global demand for riskier securities. This rally is poised to cave in eventually and given this week's busy schedule, this could happen in the very near [...]

The EURUSD failed to break out above the historic resistance level at 1.23000, which was the primary focus of our previous analysis of the pair, thereby, effectively concluding the preceding bullish trend. In that regard, the underlying trading setup remains the same - take advantage of the subsequent trend reversal into bearish territory. [...]

The GBPUSD pair currently finds itself at a particularly interesting situation as both the sterling and the U.S. dollar seem to be greatly affected by external pressures. On the one hand, the pound underwent a tremendous bullish run last year on Brexit optimism, culminating with the signing of a highly anticipated trade deal between the U.K. and the E.U. [...]