Recently, the GBP/USD has been trading downwards. The price tested the level of 1.2999. According to the 30M time frame, I found a fake breakout of yesterday’s low at the price of 1.3007, which is a sign that selling looks risky. There is a hidden bullish divergence on the moving average oscillator, which is another […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target is projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

Recently, the EUR/USD has been trading downwards. The price tested the level of 1.1612. According to the 30M time frame, I found successful rejection from the strong support cluster at the price of 1.1620. My advice is to watch for potential buying opportunities. Also, there is an oversold RSI, which is another sign of strength. […]

Daily Outlook The NZD/USD pair has been trending up within the depicted bullish channel since January 2016. In November 2016, early signs of bullish weakness were expressed on the chart when the pair failed to record a new high above 0.7400. A bearish breakout of the lower limit of the channel took place in December […]

Global macro overview for 26/07/2017: The Federal Open Market Committee Interest Rate Decision and Rate Statement is the most expected event of the week. The market participants do not expect any change in the interest rate as it should be left unchanged at the level of 1.25%. In that situation, much more important will be […]

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

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…

Trading plan for 26/07/2017: The night session was dominated by Australian CPI inflation surprising data. In Q2 the strength of inflationary processes clearly disappointed the expectations of the market participants, as the price index jumped only 0.2% (consensus: 0.4 percent). The inflow of not optimistic data clearly weakens the Australian dollar, which is currently losing […]

The Dollar index remains in a bearish trend despite the short-term bounce yesterday. As long as the price is below 94.50 trends is clearly bearish. A rejection at current levels will bring in more sellers and push the index to new lows. Blue lines – bearish channel The Dollar index is trading below the 4-hour […]

FRS at 19.00 BST Burning forecast. Fed rate: Current 1.00 – 1.25%. The forecast is unchanged. The program “Anti-QE” or the reduction of the Fed’s balance sheet sale of bonds. The beginning of the operation is not earlier than September (option – December). The rate increase plan is one increase for the remainder of December […]

The GOLD price got rejected just below the $1,260 level yesterday and has pulled back towards $1,245. Support is critical now at $1,243-$1,237 and if this level is broken we should expect a move at least towards $1,227. Red rectangle – support area Blue trend line – support The Gold price remains in a bullish […]

General picture: Fed, trends under pressure. The beginning of the week became difficult for currency traders. The EURUSD pair broke through the 1.1685 level on the upside and recurred the highs of 2015 at 1.0711 (as shown in the Euro‘s schedule at MT-4, the upper limit of 2015 is at 1.0712). In the morning, the […]

USD/CAD has been in an impulsive non-volatile bearish trend since the rate hike decision of CAD held recently. CAD has been quite dominating over USD recently without any sort of weakness along the momentum. On Monday, CAD wholesale Sales report was published where it showed an increase to 0.9% from previous value of 0.8% which […]

Today, the US Federal Open Market Committee will hold a regular meeting on monetary policy. Despite the fact that the incoming signals about the slowdown in economic activity reduces the FOMC’s ability to implement previously stated goals, we should not expect surprises from today’s meeting since macroeconomic forecasts will not be adjusted because of it. […]

Relatively positive earnings and economic data released on Tuesday brought a risk-on sentiment back, as data reinforced confidence in the strength of the global economy. The FOMC will be looking to weigh robust global growth against poor inflation and mixed US. economic data. The Markets expect the Fed to keep rates unchanged, with clues to […]

Pepperstone’s Market Analyst, Darren Sinden, takes you through the overnight changes and price moves to be aware of: The US congress votes to sanction Russia. Dollar Index has 94 handle again. UK to ban new non electric vehicles. Crude Oil squeezes higher. Brazil a favourite destination for FDI. All eyes on the Fed this evening.

Wave summary: There is absolutely nothing new to add here. The range-trading in the 1.5577-1.5899 area is continuing. We still expect a break above 1.5780 and more importantly a break above 1.5899 to be seen for a continuation higher towards 1.6236 and above. Trading recommendation: We are long EUR from 1.5510 with stop placed at […]

Wave summary: EUR/JPY has failed to break lower towards 127.22, which indicates that wave v higher towards the ideal 133.46 target already is developing. Support is now seen at 129.22 and should be able to protect the downside for a break above resistance at 130.77 confirming that wave v is unfolding. Trading recommendation: Our stop+reverse […]

There is no Economic Data will be released when the European market opens, but the US will release the Economic Data, such as Federal Funds Rate, FOMC Statement, Crude Oil Inventories, and New Home Sales, so, amid the reports, EUR/USD will move in a medium to high volatility. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1700. […]

In Asia, Japan will release the SPPI y/y data, and the US will release some Economic Data, such as Federal Funds Rate, FOMC Statement, Crude Oil Inventories, and New Home Sales. So, there is a probability the USD/JPY will move with medium to high volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.52. Resistance. […]

EUR/USD: The bullish bias on this market remains intact – though the price is currently consolidating. The EMA 11 is above the EMA 56, but the Williams’ % Range period 20 is in the oversold region. This could be a bullish signal, especially when the Williams’ % Range rises from the oversold region. USD/CHF: The […]

The price has formed a really strong bearish reversal sign below 1.1693 resistance (Fibonacci extension, horizontal swing high resistance, bearish price action, bearish divergence) and we expect to see a further drop below this level towards at least 1.1583 support (Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is dropping nicely from our 98% resistance and […]

The price has shot up perfectly and reached our profit target from yesterday. We prepare to sell below major resistance at 0.9530 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) for a push down to at least 0.9436 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is right on major resistance at 95%. Sell below […]

The price has finally properly broken our key support level at 0.7423 (Fibonacci retracement, horizontal overlap support) and we plan to sell below this level for a push down to at least 0.7332 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) has broken our ascending support-turned-resistance line signaling that a drop is expected. Correlation […]