Overview Silver price keeps its stability above 16.56 level, while it faces solid resistance at 16.80 formed by the previously broken bullish trend as appears on the chart, which means that the price needs to breach this level to ease the mission of heading towards our expected target at 17.43. In general, we will continue […]

Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3096. According to the 15M time frame, I found a successful breakout of the downward channel. There is also a hidden bullish divergence on the moving average which is another sign of strength. Watch for potential buying opportunities. The upward target is […]

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1723. According to the 15M time frame, I found that the price successfully tested the upward trendline (support). I also found a hidden bullish divergence on the moving average oscilator, which is another sign of potential strength. My advice is to […]

The increase in iron ore prices to a four-month high and some slowdown in business activity in China allowed AUD / USD to enter the consolidation in the range of 0.788-0.8015. After a swift rally, as a result of which the trade-weighted rate of the “Aussie” jumped by 7% since the beginning of June, the […]

While there are serious concerns surrounding the UK economy, the picture seems relatively rosy in the Euro Area. On July 24, the International Monetary Fund raised its 2017 growth forecasts for the four largest Eurozone countries, namely Germany, France, Italy and Spain. Here are the market-moving indicators to look out for in August.   August […]

USD/CHF is expected to trade with bullish bias above 0.9650. The pair is consolidating above the key support at 0.9650, which should limit the downside potential. The relative strength index lacks downward momentum. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The U.S. Commerce Department reported that […]

Let’s take a look at the maximum and average spread levels for the 3 non-cross majors during the last 24 hours on this Monday. Euro/Dollar’s long term average and maximum spreads are point 37 and 1.2 pips respectively. The pair has moved slowly lower, declining by point 33% or 39 pips to the low of […]

GBP/JPY is expected to trade in lower range as far as key resistance lies at 145.65. The pair broke below its 50-period moving average and is consolidating on the downside. The 20-period moving average is heading downwards and is likely to cross below the 50-period one. The relative strength index is below its neutrality level […]

NZD/USD is expected to trade with bearish outlook. The pair broke below its 20-period and 50-period moving averages, while the relative strength index is below it neutrality level at 50 and lacks upward momentum. Nevertheless, 0.7530 is playing a key resistance role, which should limit the upside potential. As long as this key level is […]

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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

You’re watching the Main Daily Trading Signals for Monday. Here’s how the interbank compares with the technicals at 8 AM GMT. All three time ranges bring different results for the Euro/Dollar, which is mostly bearish in the short-term and neutral in the mid-term. The daily outlook brings 4 buy prompts, and it is in line […]

Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

The big picture: Important news about the USA. As the new week start, big news came in from the US within four days (Tuesday, Wednesday, Thursday, and Friday). While on Wednesday, the July report for the private sector on employment from the ADP was issued. Market conditions: EURUSD The trend is moving upward. Nevertheless, we […]

The US dollar index remains in a bearish trend as the price continues to make lower lows and lower highs. The index remains trapped inside a bearish channel but we have reached the important long-term support levels. Blue lines – bearish channel The short-term resistance lies at 93.75-93.85 area. The support is found at 93.30. […]

The GOLD price continues to make higher highs and higher lows above our minimum target of $1,260. The trend remains bullish. A reversal from current levels is justified. Even a pull back towards $1,240. Blue line- trend line support The Gold price is trading above both the tenkan- and kijun-sen indicators. Short-term support by the […]

Global macro overview for 31/07/2017: This week looks very busy on the financial markets, so let’s take a look at the most important economic events for the coming days: NFP Payrolls, PMI/ISM, US PCE Core, Eurozine CPI, Bank of England, RBA and job market from Canada and New Zealand. Many of the next week’s US […]

Good morning, traders, the Dukascopy TV team is back with this week’s first Support and Resistance Level Report. Euro/Dollar has the closest levels of 1 1780 in resistance and 1 1710 in support. R1 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies. R3 is a psychological level with […]

Welcome to the EasyMarkets weekly outlook starting this Monday 31 July. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. The week kicks off with inflation figures in from Europe and is followed by interest rates decisions from Australia on Tuesday and the UK on Thursday. In […]

United States policy makers kept the US benchmark interest rate unchanged at 1.25%, as inflation remained persistently low in the American economy, and far below the Federal Reserve’s (Fed) 2% target level. The Fed policy statement on Wednesday noted, that inflation has stayed undesirably low even though the job U.S. market keeps strengthening, even with […]

Trading plan for 31/07/2017: The US Dollar begins the week a little bit stronger as EUR/USD is at 1.1730 and USD/JPY is back at 110.50. A slightly weaker than expected PMI from China has not caused negative sentiment on the Asian stock exchanges. Industrial metals are strong; Iron Ore is about 8% higher which also […]

Pepperstone’s Market Analyst, Darren Sinden, takes you through the overnight changes and price moves to be aware of: Dollar weakness in focus again. Has CHF fallen from grace ? EZ inflation data on the calendar. Weaker China PMI data in July. Russia / USA diplomatic spat heats up. Iron ore bounces, Are Commodities back in […]

EUR/USD: The EUR/USD has generally been bullish this year, and the bullishness was continued last week. Price went north by 100 pips, testing the resistance line at 1.1750. There are additional resistance levels at 1.1800 and 1.1850, which could be tested before a considerable correction occurs. The outlook on EUR pairs is bearish for this […]

Wave summary: We continue to look for a break above 1.5780 and more importantly a break above resistance at 1.5899 to confirm red wave iii/ higher towards 1.6236. That said, as long as minor resistance at 1.5780 is able to cap the upside, a continued sideways consolidation remains expected. Only an unexpected break below 1.5419 […]

Wave summary: Short-term important support at 130.77 held once again, but we do not expect this minor decline. The pair will move lower than 129.30 before turning higher again to try to break above resistance at 130.77 for a continuation higher towards 133.46. Only an unexpected break below minor support at 128.90 will confirm that […]