In Asia, Japan will release its Housing Starts y/y, preliminary industrial production m/m, while the US will release some economic data such as Pending Home Sales m/m and Chicago PMI. So there is a probability the USD/JPY will move with low to medium volatility today. Today’s technical levels: Resistance. 3: 110.98. Resistance. 2: 110.77. Resistance. […]

Price is now testing major support at 0.7969 (Fibonacci retracement, horizontal overlap support) and we expect a bounce above this level for a rise at least to 0.8066 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) is seeing a pullback support to our descending resistance-turned-support line and we expect it make a bounce off […]

Price touched our buy entry and shot up perfectly towards our profit target. We remain bullish looking to buy on dips above 0.7484 support (Fibonacci retracement, horizontal overlap support) for a further push up towards 0.7549 resistance (Fibonacci extension, horizontal swing high resistance). We move our stop loss to 0.7457 to protect our profits. Stochastic […]

Price has bounced off our buying area perfectly and has reached our profit target. We prepare to buy above 129.56 support once again (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 130.78 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing a strong support above 7.5%, from […]

Price has reached our selling area and dropped perfectly from there towards our profit target. We remain bearish looking to sell below 88.83 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 87.65 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing a major resistance below 95% and we […]

Price has dropped perfectly from our selling area last week and has reached our profit target. We remain bearish below major resistance at 110.75 (Fibonacci retracement, horizontal pullback resistance) for a further push down towards 111.37 support (Fibonacci extension, Elliott wave theory). Stochastic (21,5,3) continues to see strong a downside pressure for a final push […]

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Overview: The EUR/USD pair is showing signs of strength following a breakout of the highest level of 1.1689. In the H1 chart, the level of 1.1689 coincides with 78.6% of Fibonacci, which is expected to act as a minor support today. Since the trend is above the 78.6% Fibonacci level, the market is still in […]

Overview: In the four-hour chart, the GBP/USD pair is in the bullish trend from the support levels of 1.3036 and 1.3091. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average […]

Boris and Kathy Forex Weekly – 31/7/2017 – Majors We’ve drawn to a close another brutal week for the U.S. dollar. The greenback experienced losses against all of the major currencies except for the Swiss Franc, which bucked the trend, completely broke down and experienced its weakest one week performance in more than 8 months […]

Boris and Kathy Forex Weekly – 31/7/2017 – Commodity Dollars We’ve drawn to a close another brutal week for the U.S. dollar. The greenback experienced losses against all of the major currencies except for the Swiss Franc, which bucked the trend, completely broke down and experienced its weakest one week performance in more than 8 […]

Boris and Kathy Forex Weekly – 31/7/2017 – Crosses We’ve drawn to a close another brutal week for the U.S. dollar. The greenback experienced losses against all of the major currencies except for the Swiss Franc, which bucked the trend, completely broke down and experienced its weakest one week performance in more than 8 months […]

The USDX is still below the 200 SMA in thet H1 chart and it is forming a possible double bottom around the 93.25 level. THe weakness is limited and we can expect some consolidation moves in the first days of the week. However, if the 93.25 level gives up, further declines are expected to happen […]

GBP/USD remains finding resistance around 1.3153 and the bullish path continues to strengthen. The price action is consolidated above the 200 SMA at H1 chart and it points to more gains in the short-term and if that level gives up, then we might expect more rallies towards the 1.3257 level. The MACD indicator is still […]

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Focus has been on the North American GDP reports on this week’s last trading day, so let’s see what influence they have had on the FX markets. Canada/Swissie jumped after noon GMT and the pair has gained a massive 1.38% to post the day’s biggest move. Canadian GDP expanded at a solid rate of point […]

Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.

Welcome to the EasyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to examine a successful trade you could have made this week.   Event: EU Markit Manufacturing PMI & […]

Overview The USD/JPY pair tested the first key resistance at 111.65 and bounced bearishly from there, as the EMA50 met the mentioned resistance to add more strength to it, which keeps the bearish trend scenario valid until now, and the price needs to break 110.98 level to confirm heading towards 110.15 as a next main […]

Overview The GBP/JPY pair repeated providing negative close below the main resistance level at 147.60 level, to confirm the domination of the bearish bias domination, by the above image, we notice stochastic attempt to form new bearish wave that opens the way towards gathering new negative momentum, which supports the attempt of renewing the negative […]

Overview The GOLD price is retesting the previously breached neckline of the inverted head and shoulders’ pattern that appears on the above chart keeping its stability above it, to keep the positive effect of this pattern active, and the price gets positive support by the EMA50, while stochastic gets rid of its negative momentum gradually. […]

Overview Silver price fluctuates around the support base formed above 16.56 level after breaching it previously and keeps its stability above it until now, which keeps the bullish trend scenario valid until now, waiting to head towards 17.43 that represents the next main target. Therefore, we will continue to suggest the bullish trend for today […]

Let’s see what’s happening on the FX markets at noon GMT on the final trading day of this week. Euro/Dollar rose gradually to break through the 1 17 level once again and a gain of point 25% has been posted. Turnover is high, 44% up from the monthly average and neutral sentiment of the traders […]

Monday brings a number of highly anticipated news releases; let’s find out more. The schedule starts ten minutes before midnight with Japanese Preliminary Industrial Production for June. The output dropped in May, reversing a 4% gain the previous month. The closely watched Chinese July PMIs are out 1 AM. This is the official version of […]