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All our downward targets which we predicted in Yesterday’s analysis have been hit, GBP/JPY is expected to continue its downside movement. The pair accelerated on the downside and broke below the lower boundary of the Bollinger bands. The downward momentum is further reinforced by both declining 20-period and 50-period moving averages. The relative strength index […]
It’s noon GMT on this Tuesday so let’s have a look at the performance of the market players. Euro/Dollar has broken through the key 1 15 level to trade point 67% in the green at noon. Turnover is high and sentiment of the market players is neutral, long positions are up by 9%. A couple […]
Nearly six months into his presidency Donald Trump has been unable to shake accusations of Russian meddling in his 2016 election campaign. As a result, his approval rating has plunged to 70-year lows as more Americans express concerns over stalled domestic policy and waning leadership on the global stage. The latest Washington Post/ABC News poll […]
GBP/USD analysis for July 18, 2017
Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3005. Anyway, according to the 15M time frame, I found selling climax in the background and testing of supply in a low volume, which Is sign that selling looks risky. There is also a hidden bullish divergence on the RSI (14), which […]
GBP/USD has been trading with a bullish bias recently despite the weak economic reports and political uncertainty in the country. The price has been very impulsive for the last three days due to weakness of the USD which was greater than GBP in comparison. Today GBP gained ground in the morning but after the negative […]
USD/JPY analysis for July 18, 2017
Recently, the USD/JPY has been trading downwards. As I expected, the price tested the level of 111.75. According to the 4H time frame, there is a rejection from resistance and lower highs, which is a sign that sellers are in control. My advice is to watch for selling opportunities. Downward targets are set at the […]
You’re watching another edition of the Main Spike Controller, where we take a closer look at the spread levels for three non-cross majors. Euro/Dollar’s long term average spread is point 29 pips and maximum separation has been 1 pip. The pair has shot above the 1 15 level as it gained close to 1% or […]
World stocks were mixed at the start of the week as investors juggled with a multitude of economic releases. Dollar weakness rattled the currency markets while Sterling popped above 1.3000 on monetary policy speculations. GOLD has benefited from a touch of caution but WTI Crude remains gripped by the oversupply concerns. Much attention will be […]
Global macro overview for 18/07/2017: Last week was terrible for the US Dollar. First, Patrick Harke, the President of FED in Philadelphia, dropped the hawkish stance, then Janet Yellen softened her remarks in front of the US Congress, and on Friday, a downbeat supply of US economic data hit the financial markets: disappointing were both […]
These are the Main Daily Trading Signals for Tuesday. Here’s how the interbank compares with the technicals at 8 AM GMT. There’s green across the table for the Euro/Dollar, which sees 4 buy prompts in the short-term, 6 in the mid-term and 5 in the long-term, and the technicals indeed are confirmed by the 17% […]
These are the Main Daily Trading Signals for Tuesday. Here’s how the interbank compares with the technicals at 8 AM GMT. There’s green across the table for the Euro/Dollar, which sees 4 buy prompts in the short-term, 6 in the mid-term and 5 in the long-term, and the technicals indeed are confirmed by the 17% […]
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
The Dollar index back tested the break down level at 95.50 and reversed back lower after being rejected at resistance. Price is now just above our 94.70 target. Red line- resistance Blue line – support (broken) The trend is bearish. Target is 94.70 and was given once price broke below the blue horizontal support at […]
Pound Believed the Bank of England
Taking advantage of the strong labor market data of the UK, rumors about tightening monetary policy by the BoE, the moderately “dovish” rhetoric of Janet Yellen and weak data on US inflation, retail sales and consumer confidence, the GBP/USD jumped to its highest level since September. The trade-weighted sterling’s exchange rate is currently 5% higher […]
The GOLD price is in a short-term bullish trend targeting $1,260. Today we may see a pull back towards $1,230 but I believe this will only be a back test of the breakout. I remain short- and long-term bullish. Blue lines – bearish channel The Gold price has broken out of the bearish channel and […]
Trading plan for 18/07/2017
Trading plan for 18/07/2017: The US Dollar is heavily oversold after the dismantling of the Obamacare system in the US. EUR/USD spiked through 1.1500 level and USD/JPY tested 112.00 level. The strongest currency in the Asian trading session is the AUD, which has gained almost 1.5% after the RBA Meeting Minutes release. On Tuesday 18th […]
Breaking forecast – US import / export prices Import prices – forecast -0.2%. The previous value is -0.3% (month-to-month). Year to Year + 2.1% Why is it important? As the Fed said last week, inflation was the main indicator for the current situation. The Fed relies on the fact that inflation is still below the […]
Breaking forecast – US import / export prices Import prices – forecast -0.2%. The previous value is -0.3% (month-to-month). Year to Year + 2.1% Why is it important? As the Fed said last week, inflation was the main indicator for the current situation. The Fed relies on the fact that inflation is still below the […]
The trend against the dollar was continued. Morning review. By Tuesday morning, there were notable events in the foreign exchange market: EUR / USD rate jerked over the zone of 1.1490 – 1.1500 and reached the level of 1.1537. AUD / USD rate flew the figure upward and marked above 0.7900 (look at the picture […]
The trend against the dollar was continued. Morning review. By Tuesday morning, there were notable events in the foreign exchange market: EUR / USD rate jerked over the zone of 1.1490 – 1.1500 and reached the level of 1.1537. AUD / USD rate flew the figure upward and marked above 0.7900 (look at the picture […]
You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar has seen a rise and now has the closest levels of 1 1550 in resistance and 1 15 in support. Bollinger Upper Band is among the 2 studies for R2, while the other two resistance lines have […]
EUR/GBP intraday technical levels and trading recommendations for March 18, 2017
Based on the daily chart, the pair has a prominent Supply Zone between 0.8870 – 0.9050 which applied significant bearish pressure on the pair in the previous visit in November 2016. Since May 2017, the EUR/GBP pair has been trending-up above the depicted short-term uptrend. Few days ago, significant bearish pressure was applied over the […]
NZD/USD Intraday technical levels and trading recommendations for July 18, 2017
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 […]
Intraday technical levels and trading recommendations for EUR/USD for July 18, 2017
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. […]