ForbesRatingN1

ForbesRatingN1

The GBP/USD has been falling for a month now and globally since last summer. The decline in the pound led to its strong oversold. There are bullish divergences on the charts of different timeframes. We think it's time to buy the pound against the US dollar. The divergence signals of H1 and H4 charts suggest an upward movement within a few weeks. If the situation...

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We see the falling wedge on M15, H1 charts accompanied with (as usual for us) bullish divergences. Waiting for realization of this pattern with target is about 1.1400 (1.14127 is a 0.5 Fibonacci retracement from 1.14947 to 1.12801). The intermediate resistance is 1.1360-1370 (there are price level 1.1370 and 0.382 Fibo-level 1.13621). How to trade. Open long with...

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Russian stocks fall amid growing tensions in Russian-Ukrainian relations. Moscow Exchange Index ( MOEX , RUB) is short-term oversold and trying to bounce off support area 2850-2900. There is no divergence on MACD , so we view current decline as a correction, but not reversal. We expect recovery of MOEX Index by 40-50% within 2-4 months.

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On the H1-H4 ATOM/USDT charts, it is clearly seen that the pair, having pierced the important level around 30.00 (29.97 – the 0.382 Fibonacci correction level of the downward impulse on 25.01-31.01), is trying to return above it. The bullish divergence on the H1 chart supports this rising. The nearest target of growth is 32.73 (Fibonacci correction level 0.618 of...

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As expected, EUR/USD is correcting after last week's rise. The correction is rather sluggish (it’s adds more confidence in the growth continuation). The levels 1.1330-45 and 1.1250-60, expected by us, remain unreached. We believe, that we have a fairly clear picture of a 3-wave correction. Wave B did not quite reach the classic level 0.618 of wave A 1.14504 and...

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The euro looks strong throughout the week. The nature of the movement predicted in the previous forecast came true, only the numbers did not match. Once again, there is a bearish divergence on the M15 and H1 charts. The charts are short-term, therefore, the signal is also valid for several days. The upside bounce, that began on 28/01/2022 is still a corrective...

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On the daily chart of the EUR/USD , the completion of a bullish divergence is observed today. Euro has reached a 50% correction to the downward impulse on January 14-28, 2022 and the resistance level is around 1.1313. These and other factors of our trading strategy give a signal for the growth of the Euro. We believe that the first wave of this growth has come to...