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Analysis and trading recommendations for EUR/USD and GBP/USD on August 20 Analysis of transactions in the EUR / USD pair EUR / USD declined by 20 and then 30 pips on Thursday as traders managed to set up short positions, thanks to the signals to sell that appeared when the MACD line was at the overbought area. The driver was the stable decrease in weekly US jobless claims, which provoked increased demand for dollar. Today, there will be a report on German PPI, but it is unlikely to help euro regain its lost positions. At most, the movement will be horizontal, unless dollar bulls close their positions this weekend. For long positions: Open a long position when euro reaches 1.1697 (green line on the chart), and then take profit at the level of 1.1733. But before buying, make sure that the MACD line is above zero, or is starting to rise from it. It is also possible to buy at 1.1675 and 1.1644, but the MACD indicator line must be in the oversold area, as only by that will the market reverse to 1.1697 and 1.1733. For short positions: Open a short position when euro reaches 1.1675 (red line on the chart), and then take profit at the level of 1.1644. A decline will occur if Germany releases a weak economic report. But before selling, make sure that the MACD line is below zero, or is starting to move down from it. It is also possible to sell at 1.1697 and 1.1742, but the MACD line must be in the overbought area, as only by that will the market reverse to 1.1675. Analysis of transactions in the GBP / USD pair GBP / USD continued to decline yesterday even though there was a signal to buy that coincided with the MACD line being at the oversold area. This resulted in huge losses, especially since there were no other market signals for the rest of the day. The main reason for the slump was the continued decrease in weekly jobless claims. And today, this bearish sentiment may continue if the data on UK retail sales turn out bad. But in the afternoon, there may be a slight correction in the market, as dollar bulls may close their positions since it is already the end of the week. For long positions: Open a long position when pound reaches 1.3645 (green line on the chart), and then take profit at the level of 1.3688 (thicker green line on the chart). But before buying, make sure that the MACD line is above zero, or is starting to rise from it. It is also possible to buy at 1.3618 and 1.3583, but the MACD line should be in the oversold area, as only by that will the market reverse to 1.3645 and 1.3688. For short positions: Open a short position when pound reaches 1.3618 (red line on the chart), and then take profit at the level of 1.3583. But before selling, make sure that the MACD line is below zero, or is starting to move down from it. It is also possible to sell at 1.3645 and 1.3688, but the MACD line should be in the overbought area, as only by that will the market reverse to 1.3618 and 1.3583.

Analysis and trading recommendations for EUR/USD and GBP/USD on August 19 Analysis of transactions in the EUR / USD pair Euro rose by 20 pips on Wednesday as traders managed to set up long positions, thanks to the signal to buy that appeared when the MACD line was at the oversold area. But in the afternoon, demand for dollar increased, as the Fed protocol said the members are considering an early tapering in order to prevent the economy from overheating. Today, there will be a report on the current account balance of ECB, which will not have a serious impact on the market if it does not diverge from the forecasts. Then, in the afternoon, US will release weekly data on jobless claims, which, if exceeds expectations, will put more pressure on EUR / USD. For long positions: Open a long position when euro reaches 1.1697 (green line on the chart), and then take profit at the level of 1.1742. EUR / USD will climb higher if the Euro area publishes strong economic data. But before buying, make sure that the MACD line is above zero, or is starting to rise from it. It is also possible to buy at 1.1665 and 1.1624, but the MACD indicator line must be in the oversold area in order to bring about a market reversal to 1.1697 and 1.1742. For short positions: Open a short position when euro reaches 1.1665 (red line on the chart), and then take profit at the level of 1.1624. A decline will occur if the Euro area releases weak economic indicators and US publishes a strong labor market report. But before selling, make sure that the MACD line is below zero, or is starting to move down from it. It is also possible to sell at 1.1697 and 1.1742, but the MACD line must be in the overbought area in order to provoke a market reversal to 1.1665. Analysis of transactions in the GBP / USD pair GBP / USD declined by 20 pips yesterday because traders took short positions amid a signal to sell in the market, which came after the pair became oversold. Earlier, the market signal was to buy, but pound did not grow even though the MACD line was moving up from zero. The main reason for the slump was the weak data on UK inflation, followed by the Fed protocols that set off increased demand for dollar. Apparently, many members said the central bank may already cut measures in the coming months. Today, there are no UK statistics scheduled to be released, so the market will most likely focus on the reports from US. If the figures on jobless claims turn out better than expected, pressure on EUR / USD will intensify. For long positions: Open a long position when pound reaches 1.3741 (green line on the chart), and then take profit at the level of 1.3812 (thicker green line on the chart). But before buying, make sure that the MACD line is above zero, or is starting to rise from it. It is also possible to buy at 1.3700 and 1.3638, but the MACD line should be in the oversold area in order to set off a market reversal to 1.3741 and 1.3812. For short positions: Open a short position when pound reaches 1.3700 (red line on the chart), and then take profit at the level of 1.3638. GBP / USD will decline further if US releases a strong labor market data. But before selling, make sure that the MACD line is below zero, or is starting to move down from it. It is also possible to sell at 1.3741 and 1.3812, but the MACD line should be in the overbought area in order to trigger a market reversal to 1.3700 and 1.3638.

Analysis and trading recommendations for EUR/USD and GBP/USD on August 18 Analysis of transactions in the EUR / USD pair Euro initially rose by 15 pips on Tuesday as traders managed to set up long positions, thanks to the signal to buy that appeared when the MACD line was at the oversold area. Then, immediately after that, the price turned around and provoked a sell signal, but traders had to ignore it since the indicator was far from zero. The reason why EUR / USD rose in the morning is the slight increase in EU employment levels. But by afternoon, the pair declined despite a sharp drop in US retail trade data. Euro even reached new local lows. And today, a report on EU inflation will be released, which will most likely provoke another decline in the market provided that the figure comes out the same or worse as expected. Then, in the afternoon, the Fed will publish its minutes of the meeting, which many expect to contain similar clauses as the last discussions. For long positions: Open a long position when euro reaches 1.1732 (green line on the chart), and then take profit at the level of 1.1772. EUR / USD will climb higher if the Euro area publishes a better than expected inflation report. But before buying, make sure that the MACD line is above zero, or is starting to rise from it. It is also possible to buy at 1.1708 and 1.1670, but the MACD indicator line must be in the oversold area in order to bring about a market reversal to 1.1732 and 1.1772. For short positions: Open a short position when euro reaches 1.1708 (red line on the chart), and then take profit at the level of 1.1670. A decline will occur in the event of poor data on UK inflation and strong Fed protocols. But before selling, make sure that the MACD line is below zero, or is starting to move down from it. It is also possible to sell at 1.1732 and 1.1772, but the MACD line must be in the overbought area in order to provoke a market reversal to 1.1708. Analysis of transactions in the GBP / USD pair Pound fell by 25 pips yesterday as traders managed to set up short positions, thanks to the signal to sell that appeared when the MACD line was going down from zero. At the same time, there were no other market signals for the rest of the day. The weak employment data that UK released was the main reason for the decline, followed by the US retail trade report and statements from Fed Chairman Jerome Powell. And most likely, this bearish sentiment will continue amid inflation statistics from UK. But if the indicator turns out to be better than expected, there may be an upward correction in the market. Then, in the afternoon, the Fed will publish its minutes of the meeting, which many expect to contain similar clauses as the last discussions. For long positions: Open a long position when pound reaches 1.3764 (green line on the chart), and then take profit at the level of 1.3812 (thicker green line on the chart). GBP / USD will trade higher if UK reports strong statistics on inflation. But before buying, make sure that the MACD line is above zero, or is starting to rise from it. It is also possible to buy at 1.3731 and 1.3684, but the MACD line should be in the oversold area in order to set off a market reversal to 1.3764 and 1.3812. For short positions: Open a short position when pound reaches 1.3731 (red line on the chart), and then take profit at the level of 1.3684. A decline will occur if UK publishes weak inflationary indicators. But before selling, make sure that the MACD line is below zero, or is starting to move down from it. It is also possible to sell at 1.3764 and 1.3812, but the MACD line should be in the overbought area in order to trigger a market reversal to 1.3731 and 1.3684.

Where will gold end up? The price of gold stopped just below $ 1,800 per ounce after Monday's growth. Now, some analysts are warning of a new sell-off if the level of $ 1800 turns out to be too strong resistance. After a sudden collapse at the beginning of last week, gold managed to recover well, and demand for it returned. Many people think about the geopolitical outbreak in Afghanistan after the Taliban seized the country after the recent withdrawal of American troops. Therefore, everyone is waiting for the speech of the Central Bank Governor Jerome Powell on Wednesday. Gold's movement to the level of $ 1,800 or higher will be important not only from a technical point of view but will also determine its future price direction. Another multinational investment bank is urging investors to abandon gold, predicting stronger economic growth and an appreciation of the US dollar next year. Dominic Schneider, Head of Commodities and Asia Pacific Foreign Exchange at UBS Global Wealth Management CIO Office, said that gold could decline to $ 1,600 per ounce, while silver could fall to $ 22 per ounce. However, not all analysts hold this opinion. Goldman Sachs still expects gold to hit $ 2,000 an ounce by the end of the year as demand for the yellow metal rebounds. According to Craig Erlam, senior market analyst at OANDA Europe, there are currently several supporting factors for gold, including a combination of a weak US dollar and low bond yields. Gold is also receiving additional price support from the growing demand of central banks for the precious metal, with Brazil and India being the latest to increase their official purchases of gold. This provided a counteraction to speculative pressure on the precious metal. In turn, gold prices recovered to the range of $ 1,780 per ounce, which could serve as a catalyst for additional coverage of short positions from trend followers.

Forecast for USD/JPY on August 16, 2021 USD/JPY Unfortunately, the USD/JPY pair could not withstand external pressure and fell by almost 80 points on Friday as restrictive stops below 110.10 were triggered. It passed the 109.80 target level and the 109.20 target is open. New stop losses are likely to accumulate below this level, and big players may be tempted to repeat Friday's success and push the price down to 108.35. And here the question arises - do the big players need it? The answer may be in the affirmative if the majority of investors expect an imminent collapse in the stock markets. But so far there is no such unequivocal sentiment in the business media. If investors still expect growth in the medium term (and companies' financial statements are good), then the pair may not reach the 109.20 target level to maintain market calm. Or the price will go down very slowly to the target level. Consolidating above the resistance at 109.80 will bring back the rising sentiment, the price will try to once again go above the price channel line (110.60). The price settled below the target level of 109.80 on the four-hour chart, the Marlin Oscillator outlined a reversal from the oversold zone. This could be an early sign of the dollar's intention to recover, or it could spend a few days in the 109.20/80 range.

American stock market rose, Dow Jones and S&P 500 indices renewed records after statistics The Dow Jones Industrial Average rose 14.88 points (0.04%) to a record 35,499.85 points. Standard & Poor's 500 gained 13.13 points (0.3%), rising to a record 4460.83 points. The Nasdaq Composite added 51.13 points (0.35%) to 14,816.26 points. EBay Inc. yesterday rose 1.3%. The world's largest online auction in the second quarter of this year received profit and revenue above analysts' expectations, but reported a decrease in the number of active buyers, while the revenue forecast for the current quarter did not meet the expectations of experts. The price of securities of the American Palantir Technologies Inc. jumped 11.4%. The big data solution provider increased its revenue by 49% in the second quarter of 2021, thanks to a significant increase in revenue from commercial orders in the United States. Nio Inc. shares quoted in the USA. decreased by 3.4%. The Chinese electric vehicle maker cut its net loss by 45.4% in the second quarter, while the adjusted figure was better than forecast. Investors are studying the statistics, trying to understand how they will affect the plans of the Federal Reserve System (FRS) to roll back asset repurchases. In recent months, representatives of the Federal Reserve are increasingly speaking out in favor of the regulator beginning to roll back stimulus measures introduced to support the economy amid the coronavirus pandemic. The US Central Bank may begin to roll back stimulus measures for the US economy by the end of this year, given the strength of the economic recovery, said the head of the Federal Reserve Bank (FRB) of San Francisco, Mary Daly. In an interview with the Financial Times, Daily expressed confidence that the significant growth in economic activity of households and businesses will continue as people return to jobs and persist in high consumer spending, which will create conditions for adjusting monetary policy in the coming months.

Simplified wave analysis and forecast for AUD/USD and USD/CHF, GOLD on August 12 AUD/USD Analysis: The direction of movement of the Australian dollar in the main pair is set by the bearish wave of February 25. The quotes have reached the upper limit of the strong zone of a large TF, along which a correction plane has been developing in the last three weeks. Forecast: Today, the pair's price movement is expected mainly horizontally, within the boundaries of the previously formed price corridor. An upward vector is likely further after the possible pressure on the support zone in the next session. Potential reversal zones Resistance: - 0.7420/0.7450 Support: - 0.7350/0.7320 Recommendations: When making trade transactions on the Australian dollar market today, it is more reasonable to reduce the lot, trying not to go beyond the intraday. Sales are riskier and are not recommended. USD/CHF Analysis: The direction of short-term fluctuations of the Swiss franc chart is set by the downward wave algorithm of June 18. A week ago, an ascending section started towards the main course. At the current moment, its wave level does not go beyond the correction. Forecast: Today, the price movement is likely to move to a sideways plane. At the European session, a decline in the support area is not excluded. The probability of a return to the bullish movement vector increases, with the price rising into the area of the resistance zone. Potential reversal zones Resistance: - 0.9250/0.9280 Support: - 0.9190/0.9160 Recommendations: Trading in the conditions of the upcoming flat on the franc market today is possible only for supporters of short-term transactions. Purchases are more promising.

Trading plan for starters of EUR/USD and GBP/USD on August 11, 2021 August 11 economic calendar: Today, the US inflation data will be released. The consumer price index is expected to decline from 5.4% to 5.3%. But at the same time, there is a forecast that inflation will remain at the level of 5.4%. Taking into account expectations, dollar positions look quite good in the market. Trading plan for EUR/USD on August 11: Market participants are testing the strength of this year's base, but they are extremely cautious about selling positions. Traders will consider the next decline after the price is kept below the level of 1.1680, which may open the way towards 1.1620. The scenario of a price rebound from the area of 1.1704 will become relevant if the quote is kept above the level of 1.1745. Trading plan for GBP/USD on August 11: The downward trend is still relevant, but if one hasn't worked with sell positions before, then it is logical to wait for the price to be kept below the level of 1.3800. It is worth noting that there is currently a stagnation, so local buy positions may be opened if the price is kept above the level of 1.3845, opening the path towards 1.3865.

Fractal analysis of major currency pairs on August 10, 2021 Outlook on August 10: Analytical overview of popular currency pairs on the H1: The key levels for the EUR/USD pair are 1.1791, 1.1773, 1.1761, 1.1741, 1.1723, 1.1705, and 1.1694. The price has been moving in a downward trend since July 30. Now, we expect a short-term decline in the 1.1741 - 1.1723 range. If the last value is broken, it will allow us to move to a potential target of 1.1694. After that, the price may consolidate in the range of 1.1705 - 1.1694, from which a pullback into a correction can be expected. A short-term growth, in turn, is likely in the range of 1.1761 - 1.1773. If the latter is broken, a deep correction will occur. The target is set at 1.1791, which is also the key support level. The main trend is the downward trend from July 30. Key levels of structure development: Upward resistance: 1.1761 Target: 1.1772 Upward resistance: 1.1775 Target: 1.1790 Downward resistance: 1.1736 Target: 1.1724 Downward resistance: 1.1721 Target: 1.1705 The key levels for the GBP/USD pair are 1.3934, 1.3897, 1.3870, 1.3831, 1.3813, 1.3781, 1.3749, 1.3728 and 1.3683. The further development of the downward trend from July 29 is expected after the price breaks through the noise range of 1.3831 - 1.3813. The target is set at 1.3781 and the price may consolidate around it. If the indicated target is broken, it will lead to a strong decline to the next target of 1.3749. After that, the price may consolidate in the range of 1.3749 - 1.3728. The ultimate potential downward target is 1.3683. After reaching it, an upward pullback can be expected. Short-term growth is expected in the range of 1.3870 - 1.3897. If the last value is broken, a deep correction will occur. The target is set at 1.3934, which is also the key support level. The main trend is the downward trend from July 29. Key levels of structure development: Upward resistance: 1.3870 Target: 1.3895 Upward resistance: 1.3899 Target: 1.3934 Downward resistance: 1.3813 Target: 1.3781 Downward resistance: 1.3779 Target: 1.3750

Analysis and trading recommendations for EUR/USD and GBP/USD on August 9 Analysis of transactions in the EUR / USD pair A signal to sell appeared in the market on Friday, which provoked a 30-pip decline in EUR / USD. Apparently, the signal came when the MACD line was going down from zero, so traders were able to open short positions in the market. The improved situation in the US labor market contributed to such a sharp downward movement, especially since good employment figures are evidence of strong economic recovery. Meanwhile, other data released last Friday, such as reports on industrial production in Germany and foreign trade balance in France, were not remarkable at all. Today, the market will move depending on the reports scheduled to be published. In the morning, there will be data on the foreign trade balance in Germany and investor confidence from the Euro area, which are expected to post a decline. If this happens, demand for euro will continue to decrease. Then, later in the afternoon, the situation may exacerbate as Fed representatives will deliver speeches, which could provoke increased demand for dollar and accordingly, a further decline in EUR / USD. For long positions: Open a long position when euro reaches 1.1779 (green line on the chart), and then take profit at the level of 1.1828. Demand will increase if the Euro area publishes good data on investor confidence. But before buying, make sure that the MACD line is above zero, or is starting to rise from it. It is also possible to buy at 1.1741 and 1.1705, but the MACD indicator line must be in the oversold area in order to bring about a market reversal to 1.1741 and 1.1705. For short positions: Open a short position when euro reaches 1.1741 (red line on the chart), and then take profit at the level of 1.1705. A decline will occur if the Federal Reserve hints at a future policy change. But before selling, make sure that the MACD line is below zero, or is starting to move down from it. It is also possible to sell at 1.1779 and 1.1828, but the MACD line must be in the overbought area in order to provoke a market reversal to 1.1741. Analysis of transactions in the GBP / USD pair There were several market signals on Friday, but only some were successful. In fact, the first one, which was to sell, had to be ignored because it came when the MACD line was far away from zero, which significantly limited the downward potential of GBP / USD. Fortunately by afternoon, the indicator had moved down from zero, so the pair was able to decline by about 50 pips. And today, price has reached the target level, which is 1.3855. Surprisingly, long-term prospects for bond purchases did not help pound, which cannot be said about the data on the US labor market, which exceeded all expectations. Meanwhile today, there are no macro statistics scheduled to be published, so pound will most likely undergo an upward correction. But later in the afternoon, the situation may change as Fed representatives will deliver speeches, which could provoke increased demand for dollar and accordingly, a decline in GBP / USD. For long positions: Open a long position when pound reaches 1.3881 (green line on the chart), and then take profit at the level of 1.3919 (thicker green line on the chart). GBP / USD may climb today since there are no macro statistics scheduled to be published. But before buying, make sure that the MACD line is above zero, or is starting to rise from it. It is also possible to buy at 1.3854 and 1.3820, but the MACD line should be in the oversold area in order to set off a market reversal to 1.3881. For short positions: Open a short position when pound reaches 1.3854 (red line on the chart), and then take profit at the level of 1.3820. A decline could occur in the afternoon, during the speech of Fed representatives. But before selling, make sure that the MACD line is below zero, or is starting to move down from it. It is also possible to sell at 1.3881 and 1.3919, but the MACD line should be in the overbought area in order to trigger a market reversal to 1.3854.

EUR/USD and GBP/USD: Trading plan for novice traders for August 6, 2021 Economic calendar for August 6 Today, in terms of the economic calendar, a report by the United States Department of Labor will be published, which in the world of finance is considered one of the most important economic events. Expectations for the report: The unemployment rate in July may decrease from 5.9% to 5.7% Outside agriculture, 870,000 new jobs can be created against 850,000 in the previous reporting period. As you can see from the details of statistical expectations, experts predict a further recovery process, and this may lead to an increase in the US dollar if the forecast coincides. The time of publication of the report is 12:30 UTC. Trading plan - EURO/DOLLAR (August 6) Market participants are working to depreciate the euro, which corresponds to the process of recovery of the downward movement in relation to the correction. Trading expectations consider the value of 1.1752 as a possible outlook for the downward trend. In this scenario, we will receive a full price recovery relative to the corrective move, as well as a signal to prolong the downward cycle from the beginning of June. Trading Plan - POUND/DOLLAR (August 6) The price movement along a sideways trajectory is still relevant in the market, but traders are already ready for changes since working within the established boundaries does not have high profits. Traders will consider an upward movement if the price holds above the level of 1.4000, opening the way in the direction of the values 1.4100-1.4150. A downward movement will be relevant if the price is kept below the level of 1.3885, opening the way in the direction of 1.3825-1.3800.

Hot forecast for GBP/USD from August 5, 2021 Today, in terms of the economic calendar, a meeting of the Bank of England is scheduled, during which no changes in the parameters of monetary policy, including the interest rate, are expected. Investors are most interested in comments during the meeting, which may lead to speculative manipulations in the market. During the US session, weekly data on applications for unemployment benefits in the United States will be published, where they predict a reduction in their volume, which is considered a positive factor and may lead to a strengthening of dollar positions. The GBP/USD pair, following the correction pattern from the psychological level of 1.4000, reached the support of 1.3900, where there was a slowdown and as a result, a rebound in the price. The pivot point of 1.3900 was tested twice for strength by the quote, which indicates interest in sales from market participants. The volatility of the currency pair at the beginning of the trading week is 61 points, which is considered a low indicator and may indicate the process of accumulation of trading. Expectations and prospects The downward development of the price according to the correction scenario is still relevant in the market. But in order to confirm the sellers' intentions, the quote needs to stay below the 1.3870 mark. In this case, it will open in the direction of 1.3825-1.3780. The upward development will be relevant in the case of holding the price above the level of 1.4000 on the daily period. In this scenario, the correction course will end, and the upward cycle from the local minimum on July 20 will be prolonged to new levels. A comprehensive indicator analysis signals a sale relative to the short-term and intraday periods, due to the price movement within the 1.3900 level.

Forecast for USD/JPY on August 4, 2021 USD/JPY Yesterday, the yen continued strengthening against the dollar and overcame the target level of 109.20. The Marlin Oscillator is declining and the price is expected to move towards the target of 108.35, but for this the yen still needs support from external markets, which is now weakening. Yesterday, the US stock index S&P 500 gained 0.80%, this morning the Chinese Shanghai Composite added 0.69%, only the Japanese Nikkei 225 lost 0.16%. The dollar index is in a neutral position. Consolidating above 109.20 may lead to growth to the nearest target of 109.80. On the four-hour chart, the signal line of the Marlin oscillator continues to develop inside the wedge, the exit from which statistically predominates downward, but due to the reversal of the signal line from its lower border, a double convergence of the price with the oscillator has formed, and this is already a sign of an upward breakthrough. The result is an uncertain situation, although rather an expectant one. The price movement in either direction can be fast and deep, so investors are in no hurry to get ahead of events. Together with the market, we will also wait.

Another trillion dollars for the American economy Yesterday, the leading US stock indexes fell slightly, but in general they continue to be near their absolute highs and can update them any time. All three leading indexes, the S&P 500, Dow Jones, and NASDAQ Composite, maintain upward trends. We have already mentioned earlier why this is happening. First, the Fed continues to buy bonds and mortgage-backed securities from the open market, saturating it with liquidity. And all the cash immediately flows into the most profitable stocks that can provide profit to their investors in the future. Moreover, the profit is not even a dividend, but a profit due to a constant increase in value. The dividends of almost all American companies are already below the current inflation. Therefore, it is extremely difficult to make a profit from dividend payments in the near future. However, since investors do not have much choice, and stocks are the most common investment tool, it is the stock market that capital continues to flow. At the same time, the US Senate agreed on a new package of assistance to the US economy. Previously, it appeared under the name "infrastructure package". It can be recalled that Joe Biden offered two stimulus packages for the American economy, each of about $2 trillion. As you can see, the final version of the first package is half as small. However, we have not yet seen the second package, which is the "social" one. The infrastructure package will be aimed at investing in roads, bridges, ports, the internet, and other facilities over the next 5-8 years. It is noteworthy that the source of the formation of this package is planned to be tax revenues, but not the attraction of loans. In other words, the US government will not climb into even greater debts to finance this $1 trillion package. Of course, we cannot judge where this money will come from. In America, they really like to live on credit, and the size of the public debt in the United States already exceeds the volume of GDP. Simply put, the States owe more money than their economy is worth. In fairness, it should be noted that about half of the debts are debts to themselves. Simply put, the American government owes American investors, various American funds, the Fed, and so on. For example, the United States owes China or Japan only $1 trillion, which is not so much. Thus, a default is unlikely to threaten Washington. Moreover, the money is spent on improving infrastructure, which will attract new investors to America even more in the future. The Fed can also print money in almost any volume without fear of hyperinflation, since the dollar remains the world's number one currency. One way or another, the US economy continues to accelerate and will continue to do this for many years to come.

Analysis and trading recommendations for EUR/USD and GBP/USD on August 2 Analysis of transactions in the EUR / USD pair Euro fell on Friday despite good GDP and inflation reports from the Euro area. Trading recommendations for August 2 EUR / USD will again move depending on the economic reports that the Euro area will release today. Strong data on manufacturing activity will lead to a price increase, while a weaker than expected report could result in another decline in the market. Then, in the afternoon, a similar report will be published from the US. This time, if the data expectations exceeds, dollar will regain its strength, which could lead to a decline in the pair. For long positions: Open a long position when euro reaches 1.1882 (green line on the chart), and then take profit at the level of 1.1920. Demand will increase if the Euro area publishes strong economic data. But before buying, make sure that the MACD line is above zero, or is starting to rise from it. It is also possible to buy at 1.1857 and 1.1818, but the MACD indicator line must be in the oversold area in order to bring about a market reversal to 1.1882. For short positions: Open a short position when euro reaches 1.1857 (red line on the chart), and then take profit at the level of 1.1818. A decline will occur if the Euro area releases weak economic reports. But before selling, make sure that the MACD line is below zero, or is starting to move down from it. It is also possible to sell at 1.1882 and 1.1920, but the MACD line must be in the overbought area in order to provoke a market reversal to 1.1857. Analysis of transactions in the GBP / USD pair Pound did not hit the local high last Friday. To be more specific, it was the multiple failed attempts to break through 1.3975 that led to the closure of many long positions in the market. Trading recommendations for August 2 Pound will trade today depending on the data on UK manufacturing activity. If the figure turns better than the forecast, then GBP/USD will increase rather sharply. Then, in the afternoon, a similar report will be published from the US. This time, if the data exceeds expectations, dollar will regain its strength, which could lead to a decline in the pair. For long positions: Open a long position when pound reaches 1.3910 (green line on the chart), and then take profit at the level of 1.3956 (thicker green line on the chart). GBP/USD will climb up if UK publishes good PMI data. But before buying, make sure that the MACD line is above zero, or is starting to rise from it. It is also possible to buy at 1.3885 and 1.3846, but the MACD line should be in the oversold area in order to set off a market reversal to 1.3910. For short positions: Open a short position when pound reaches 1.3885 (red line on the chart), and then take profit at the level of 1.3846. A decline will occur if UK releases weak economic reports. But before selling, make sure that the MACD line is below zero, or is starting to move down from it. It is also possible to sell at 1.3910 and 1.3956, but the MACD line should be in the overbought area in order to trigger a market reversal to 1.3885.

EUR/USD and GBP/USD: Trading recommendations for novice traders for July 30, 2021 Economic calendar for July 30 Today, in terms of the economic calendar, we have preliminary data on inflation in Europe, where it is predicted that consumer prices will rise from 1.9% to 2.0%. Given the growth of the European currency over the past days, inflation indicators could have already been taken into account in the quotes. Inflation in the EU - 09:00 UTC We study and analyze • The consumer price index is prepared by Eurostat, which determines the change in prices of a selected basket of goods and services for a given period. This indicator is considered a key indicator for assessing inflation. From the point of view of fundamental analysis, the rise in inflation is a positive signal for the national currency, but when consumer prices rise faster than forecasted, it is not considered the best signal. Trading plan - EURO/DOLLAR for July 30 Analyzing the current Euro/Dollar trading chart, you can see that the resistance level at 1.1900 puts pressure on buyers, which leads to a slowdown and a rebound in the price. In this situation, traders consider two possible scenarios of price development at once: The first plot proceeds from the natural basis of the past, associated with the resistance level of 1.1900, which contributes to the increase in the volume of short positions. In simple terms, traders are looking at a rebound from 1.1900 towards 1.1830. The second plot assumes that the correction from the pivot point 1.1750 will remain relevant in the market and after a short stagnation along the 1.1900 level, it will still be broken by the price along an upward trajectory. For the trading scenario to coincide on the market, the quotes must hold higher than 1.1915 in a four-hour period, this will open the way in the direction of 1.1950-1.1975. Trading Plan - Pound/Dollar for July 30 Analyzing the current Pound/Dollar trading chart, you can see that the area of the psychological level of 1.4000 acts as a resistance in the market, which leads to a slowdown and a rebound in the price. The logical basis of the past associated with this level can play into the hands of sellers, which will lead to an increase in the volume of short positions. In simple terms, the rebound stage may well lead to a downward move towards the 1.3900 level. An alternative scenario for the development of the market will be considered by traders if the price is kept above 1.4050 in the daily period. In this case, the chances of buyers will increase to return the quotes to the area of the local high of the medium-term upward trend.

USD rises ahead of Fed's meeting The US dollar fell slightly due to durable goods orders data. Shortly after, it was trying to strengthen against a basket of six major rivals. Today, the most anticipated event of the week will take place - the FOMC meeting. Yet, many experts think that Fed Chairman Jerome Powell is unlikely to announce certain changes to the monetary policy. So, his testimony will hardly surprise market participants. Moreover, the Fed will clarify its position in the Jackson Hole meeting which is scheduled for September. However, investors are still awaiting the current meeting with bated breath. The main question is how the market will react to the Fed's meeting. Currently, China's stock market is in the spotlight. It has collapsed significantly due to the ongoing tightening of regulation on large IT companies. Sharp fluctuations in China's equity market may adversely affect stock markets in other countries. Hence, demand for safe-haven currencies is rising after the fall in government bond yields. Treasuries are declining despite expectations of the reduction in the bond-buying program. Usually, this would lead to an increase in government bond yields. The greenback seems to have resumed bullish momentum. It may soar to new highs amid turmoil in the market. Besides, the US currency may strengthen if the Federal Reserve hints about the probable reduction of the bond-buying program. The yen rose moderately following a sell-off in China's stock market. The rebound of the Japanese stock market from the recent low was much more modest in comparison with other countries. The US dollar index is growing moderately before the Fed's meeting. Maybe traders have already started factoring in Jerome Powell's hawkish remarks. The EUR/USD pair, as the main barometer of risk sentiment in the market, opened the trading day with a decline. Yesterday, it remained almost unchanged. The pair may even climb to 1.1900 if the Fed's meeting outcome does not stir panic in the market. If Powell does not provide new comments about the bond-buying program, the euro will continue to fluctuate between the levels of 1.1700 and 1.1800 with possible rebound to the 19th mark. Investors are certain that the Fed will not reveal anything new until the Jackson Hole meeting in autumn where it will discuss whether to raise the debt ceiling. Experts believe that the euro will rally in the near future. For instance, economists at Commerzbank assume that the pair may return to the area of 1.1860-1.1930. Strong resistance levels are located at 1.1884 and 1.2008. These level may halt the pair's growth. After breaking through 1.1750, the next target will be the area of 1.1704–1.1600.

European stock markets closed lower The British FTSE 100 fell 0.42%, the German DAX dropped 0.64%, and the French CAC 40 fell 0.71%. Italy's FTSE MIB and Spain's IBEX 35 lost 0.83% and 0.87%, respectively. Dassault Systemes shares gained 1.3%. The French software developer has improved its financial forecasts for 2021 amid growing software sales. LVMH Moet Hennessy Louis Vuitton SA fell 0.6%. The world's largest luxury goods manufacturer increased revenues by 56% in the first half of the year, while net profit jumped 10 times. Reckitt Benckiser Group Plc shares fell 8.4%. The British company, which produces and sells hundreds of household chemicals and medicines, received a pre-tax loss in the first half of this year and reduced its revenue. Just Eat Takeaway.com gained 4.3%. A shareholder in Cat Rock Capital has called on the Dutch food delivery service to strike a merger deal with other major global players in the industry. The leaders of growth among the components of the Stoxx Europe 600 index were securities of the British chemical company Croda International Plc, which jumped 5.6%. Meanwhile, the leaders of the fall were the shares of the Swiss-American manufacturer of computer peripherals Logitech International SA, which fell 9.9%. Investors are awaiting the results of the meeting of the US Federal Reserve System (FRS), which will be summed up on Wednesday, as well as reports of large American companies, including Apple Inc., Alphabet Inc., Microsoft Corp. and Starbucks Inc.

Trading recommendations for starters of EUR/USD and GBP/USD on July 27, 2021 Analysis of trading charts from July 26: The EUR/USD pair managed to show an upward interest, but it was limited by the range of 1.1750/1.1830 previously set in the market. To simply put it, the quote still follows the sideways amplitude. Trading expectations from July 26 considered the strategy of breaking through one or another border of the side range (1.1750/1.1830), but the signal was not confirmed, and the quote is still moving in the established range. The GBP/USD pair still managed to resume the upward movement after 30 hours hovering around the interaction area of trade forces of 1.3750/1.3800, keeping the quote above the level of 1.3800. Considering the upward movement from the pivot point of 1.3570, market participants retraced the pound sterling by almost 100% relative to the decline from July 16-20. Trading expectations from July 26 considered both a rebound and a breakdown relative to the area of 1.3750/1.3800, thereby giving the opportunity to stay in sync with the market. Trading recommendation for EUR/USD on July 27, 2021 Looking at the EUR/USD trading chart, one can see that the quote has been within the lateral range of 1.1750/1.1830 for more than 150 hours, which focuses a lot of attention from speculators. In this case, market participants are focused on the outgoing impulse relative to one or another border of the established range, which will indicate the next price movement in the market. Expectations and prospects: Traders consider this if the price is kept below the level of 1.1750 in the direction of 1.1700. Traders consider this if the price is kept above the level of 1.1830 in the direction of 1.1900. Trading recommendation for GBP/USD on July 27, 2021 As for the trading chart of the GBP/USD, it can be seen that there is a slight stagnation within the area of 1.3800/1.3845, which indicates that buyers are hesitant to take further actions. The reduction in the volume of long positions may be a local manifestation in the market due to the recent acceleration. To confirm buyers' intentions, the price needs to hold above the level of 1.3850, which will open the way towards 1.3900. If the upward interest is limited, and the quote manages to return below the level of 1.3780, an increase in the volume of short positions is not excluded, and this will cast doubt on the next growth. • Short positions or Short means sell positions. • Long positions or Long means buy positions.

Forecast for EUR/USD on July 14, 2021 The euro fell by 83 points on Tuesday, which created some ambiguity in the technical interpretation of this movement. The high rate of decline, due to which the Marlin oscillator slowed down with a decline, on the one hand, forms a double convergence on the daily chart, on the other hand, the signal line of the oscillator has approached the lower border of its own channel and is preparing to overcome it. Here, theoretically, convergence may develop, for which the price needs to reach the March low of 1.1705, but the oscillator may continue to develop in the global descending channel, and then the price may reach the target level of 1.1465 and even 1.1300. But we consider this scenario as the main one. Thus, yesterday's low at 1.1772 is a signal level - price drift below it opens the target at 1.1705. Further movement to 1.1640 is possible. No peculiarities observed on the four-hour chart, there are no reversal signals, the price is below the balance and MACD lines, and Marlin develops a decline. We are waiting for the price at the nearest target level of 1.1705.

Trading recommendation for EUR/USD on July 13, 2021 Looking at the EUR/USD trading chart, one can see the amplitude price movement within the resistance area of 1.1880/1.1895, as if there is a cumulative effect in the market before a new round of acceleration. Sell signal Traders will consider this if the price is kept below the level of 1.1835, which will open the way to the support level of 1.1800. Buy signal Traders will consider this if the resistance area of 1.1880/1.1895 is broken, which will lead to further formation of a correction. In this case, there is no need to rush. We consider buying positions above the level of 1.1900, with a prospect of 1.1950-1.2000. * The resistance level is the so-called price level, from which the quote can slow down or stop the upward movement. The principle of constructing this level is to reduce the price stop points on the history of the chart, where the price reversal in the market has already occurred earlier. * The accumulation process is a price fluctuation in a closed amplitude, where at the moment of a breakdown of a particular stagnation border, a local acceleration in the direction of breakdown often occurs. Trading recommendation for GBP/USD on July 13, 2021 As for the trading chart of the GBP/USD, it shows the price movement within the deviation of the level of 1.3900, where market participants still view it as resistance. Sell signal They have been considered by traders since yesterday, where sell positions may have already been opened. If no deals have been opened, it is advised to wait for the price to hold below the level of 1.3835. The prospective target is 1.3785-1.3750. Buy signal It is considered by traders as a prolongation of the existing correction, but entering the market will be possible after the price holds above the level of 1.3950, with a prospective target of 1.4000. What is reflected in the trading charts? A candlestick chart view is graphical rectangles of white and black light, with sticks on top and bottom. When analyzing each individual candle in detail, you will see its characteristics of a relative time period: the opening price, the closing price, the maximum and minimum prices. Horizontal levels are price coordinates, relative to which a stop or a price reversal may occur. These levels are called support and resistance in the market. Circles and rectangles are highlighted examples where the price of the story unfolded. This color selection indicates horizontal lines that may put pressure on the quote in the future. The up/down arrows are the reference points of the possible price direction in the future. Things to remember: Golden Rule: It is necessary to figure out what you are dealing with before starting to trade with real money. Learning to trade is so important for a novice trader since the market will exist tomorrow, next week, next year, and the next decade.

Analysts predict an imminent collapse of bitcoin to $10,000 Experts of the cryptocurrency market say that the current position of bitcoin is difficult to call stable, and soon BTC risks falling back to the level of $ 10,000 at all. Today, investors do not have a single reason to buy the first cryptocurrency or keep it in the portfolio. In their disappointing scenarios, analysts rely on historical data, when during the past falls, the value of BTC sank by 80%. Experts confidently call the current position of the main digital coin a collapse. Traditionally, this term is used to describe the fall of the cryptocurrency by 70-80%, which corresponds to the price range of $ 10,000-15,000. Recall that in recent months, the first digital currency has already fallen from a record $ 60,000 to $ 33,500. The main downward factor for bitcoin was pressure from Chinese regulators. Known for his indifferent attitude to the cryptocurrency market, Elon Musk criticized the blockchains of the main digital coin and Ethereum for the low transaction speed and high costs. At the same time, the founder of Tesla warmly supported Dogecoin and called it one of the most actively used digital currencies in the world. In general, analysts call the current situation of the cryptocurrency market today "the summer calm before the storm". The current dynamics of the bitcoin price with significantly reduced trading volumes are traditionally considered a dangerous signal. When the market is affected by an insignificant number of open positions – any minor incident can lead to a grandiose sale.

Pound - "Vaccine Champion": Prospects and Hopes for GBP The British currency remains relatively stable, trying to keep the gained positions and build up new ones. In the medium and long-term planning horizons, experts expect the pound to rise, despite its limited growth potential. Currently, the British currency has sunk slightly against the background of disappointing macro statistics. The GBP sales started after the publication of reports on UK GDP (0.8% with an expected 2%) and low industrial production (0.8% with a forecast of 1.5%). On the morning of Friday, July 9, the GBP/USD pair was trading near 1.3775, but later lost some of its gains. According to analysts, sterling is stuck among local lows, near the powerful support level of 1.3754. Experts believe that in the event of a breakdown of the strong resistance level of 1.3794, bullish sentiment will increase in tandem. While maintaining the moderate dynamics of the GBP/USD pair, it will remain within the range of 1.3754-1.3794. This assumption is partially realized, giving the pound hope in the medium term. However, by now the GBP/USD pair has fallen to 1.3763, leaving no attempts to rise. The British currency's hopes are supported by currency strategists Credit Suisse, who expect the GBP/USD pair to recover to 1.3940, and then to the round level of 1.4000. The bank emphasizes that in the near future, it is possible to form a peak in the area of 1.4000, the breakthrough of which will lead to an enhanced recovery of the pound. Positive sentiment regarding the prospects for sterling is supported by analysts at Credit Agricole CIB Research. The bank supports the "bearish" trend of the British currency, which will continue in the coming weeks. "The GBP has gone from an investment vehicle for generating 'Covid-19 vaccine alpha' in the FX markets to a hedge against the resurgence of the pandemic in recent weeks. The rapid fall from grace of the hitherto G10 FX 'vaccine champion' warrants a cautious stance on the currency in the near term," Credit Agricole CIB Research emphasizes. The popularity of the British currency is promoted by positive changes in the country's economy. The UK is on the way to an economic recovery, the signs of which are a shortage of labor and rising wages. It should be noted that the salary increase is the fastest since 2014. The continuation of the existing trend will force the Bank of England to curtail the monetary stimulus program, which will lead to the strengthening of the GBP. Earlier, at the end of 2020, the UK showed the worst economic result among developed countries, but now much has changed. At the moment, England is among the top 5 most vaccinated countries (67% of the vaccinated population). Success in immunization allowed the British authorities to declare the complete lifting of restrictions in a week and a half, on July 19. With regard to the target inflation rate of 2%, the Bank of England maintains the same position, the regulator believes that finding the indicator within 2% is quite natural. An increase in this indicator will require the regulator to curtail the monetary stimulus program. If the Bank of England does this before the Federal Reserve, the pound will receive an impetus for further strengthening in the medium term.

Forecast for USD/JPY on July 8, 2021 USD/JPY Yesterday, the yen traded in a 40-point range and closed the day at the opening level below the MACD indicator line. The Marlin oscillator strengthens the urge to leave its own channel downward. What is noteworthy: the dollar index rose by 0.19% yesterday, stock indices also rose in general (Dow Jones 0.30%), with the exception of second-tier stocks (Russell 2000 -0.70%). The Russell 2000 index is often a leading direction indicator for major indices. And in today's Asian session, the Japanese Nikkei 225 index is already decreasing by -0.57%. It is possible that investors' expectation of a fall in the stock market worries them a lot, this decline has been talked about more and more recently. But be that as it may, the surpassing yesterday's low of 110.41 opens the way to the first target at 109.80. This is the main scenario. On the four-hour chart, the price is holding back before hitting the 110.41 signal level. The price is below the balance and MACD indicator lines. Marlin is in the downward trend area. We are waiting for the attack in order for the price to go down. The alternative scenario is difficult. To do this, it needs to go above the MACD line on both charts. On the H4 it is 111.02.

Protective Assets: Gold or Cryptocurrency? Goldman Sachs experts are confident that in the future Ethereum will be able to take the place of bitcoin as a means of saving. According to the bank, Ether has more potential than bitcoin, due to the extensive ecosystem and more diverse options for the practical application of this cryptocurrency. At the same time, neither bitcoin nor ether can yet overtake gold, which remains the leader among all defensive assets. Since cryptocurrencies, unlike gold, are too volatile, which is incompatible with the concept of a safe haven asset. However, experts clarify that gold can be viewed as a defense against inflation, and cryptocurrency – against inflationary risks. Moreover, the very competition between cryptocurrencies also prevents them from squeezing gold in the status of a defensive asset. And this is not the whole list of «disadvantages» of digital assets. For example, analysts at the Bank of Singapore consider volatility, low confidence and lack of regulation to be the main obstacles to the spread of digital assets as a means of saving. However, if these problems are solved, bitcoin and ether may well replace gold.