Early indications from Asia this morning are pointing towards a strong day for global equities, continuing the momentum from last week. Data released shows China GDP at 6.9% (markets had expected 6.8%), indicating the Chinese economy has stabilized. In addition, Chinese President Jinping said that “the central bank will play a stronger role in defending […]

When the European market opens, some Economic Data will be released, such as Final Core CPI y/y and Final CPI y/y. The US will release the Economic Data, too, such as Empire State Manufacturing Index, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout […]

In Asia, today Japan will not release any Economic Data, but the US will release the Empire State Manufacturing Index data. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.14. Resistance. 2: 112.92. Resistance. 1: 112.70. Support. 1: 112.42. Support. 2: […]

USDX remains offered and it looks like the downside breakout should come in the next days. The support zone of 95.10 is helping to cap further bearish advance and if we witness a break below there, then another selling wave could impact the greenback to test the 94.16 level. MACD indicator is entering the oversold […]

GBP/USD had a strong momentum during Friday’s session, as the greenback weakened across the markets and sent the pair to test the resistance zone of 1.3106. Such move opens the doors to reach the 1.3238 level as the next target to the upside. MACD indicator remains in the positive territory and the 200 SMA still […]

The price has shot up and reached our profit target perfectly. We prepare to sell below 1.1485 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 1.1419 support (Fibonacci retracement, horizontal pull back support). Stochastic (34,5,3) is testing major resistance at 97% signaling that a reversal is fast approaching. Correlation […]

The price dropped absolutely perfectly from our selling area last week and is fast approaching our profit target. We prepare to buy above major support at 0.9606 (Multiple Fibonacci extensions, horizontal swing low support) for a push up to at least 0.9659 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above […]

The price has formed a new Elliott structure leading us to believe that we should be seeing one last push up before a drop. The goal is to buy above 0.7326 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 0.7398 resistance (Fibonacci extension, Elliott wave theory). RSI (55) is seeing […]

The price is testing major resistance at 0.7833 (2 years high, Fibonacci extension) and we expect a reaction off this level to at least 0.7769 support (Fibonacci retracement, Elliott wave theory). We would require the price to break this level first before we can confirm any further drop. Stochastic (34,5,3) is testing 96% resistance and […]

Last week price has continued its drop perfectly towards our profit target. We prepare to buy above major support at 111.90 (Fibonacci retracement, Fibonacci extension, Elliott wave theory, horizontal overlap support) for a push up to at least 114.32 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is approaching major support at 1.2% which […]

Overview: The GBP/USD pair continues to rise from the level of 1.3001 in the long term. It should be noted that the support is established at the level of 1.3001 which represents the 78.6% Fibonacci retracement level on the H4 chart. The price is likely to form a double bottom in the same time frame. […]

Boris and Kathy Forex Weekly – 17/7/2017 – Majors The USD traded lower against all of the major currencies, losing more than 2% of its value versus the Australian dollar. The weakness of the buck took AUD/USD to its strongest level in a year, USD/CAD to a 14 month low, EUR/USD to a 1 year […]

Boris and Kathy Forex Weekly – 17/7/2017 – Commodity Dollars The USD traded lower against all of the major currencies, losing more than 2% of its value versus the Australian dollar. The weakness of the buck took AUD/USD to its strongest level in a year, USD/CAD to a 14 month low, EUR/USD to a 1 […]

Boris and Kathy Forex Weekly – 17/7/2017 – Crosses The USD traded lower against all of the major currencies, losing more than 2% of its value versus the Australian dollar. The weakness of the buck took AUD/USD to its strongest level in a year, USD/CAD to a 14 month low, EUR/USD to a 1 year […]

The US dollar finished the week with large-scale sales, never seeing a single factor that could support it. The formal reason for the decline in investor confidence was the report of the Bureau of Labor Statistics on inflation, but this was not the only reason. Consumer prices remained unchanged in June while annual inflation slowed […]

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Stock market action in recent weeks suggests that the enthusiasm for the technology sector is simmering down. More than that, outright animosity is being directed toward some of technology’s biggest names. Here’s what we see down the road. Learn How the Wave Principle Can Improve Your Trading

The price shot up yesterday and is now testing major resistance. We prepare to sell below major resistance at 0.9687 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 0.9602 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 94% where we expect a further […]

Yesterday the price has continued to drop, but its bearish momentum slowed down. We do see a lot more downside potential in this move though. Our goal is to remain bearish looking to sell on rallies below major resistance at 114.32 (Fibonacci extension, horizontal swing high resistance, bearish divergence) so that we can get into […]

US data run has been the key focus on this week’s last trading day, so let’s assess the impact. Sterling has jumped against the Greenback hours into the session and the pair has gained point 97%, which is the day’s top move. US Stock indexes have turned green and UK Sterling takes the top spot, […]

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Yesterday’s targets which we predicted have been hit precisely in line with our outlook. The technical picture of the pair remains positive above a rising trend line and the pair is expected to continue its upside movement. The rising 20-peirod and 50-period moving averages maintain the upside bias. The relative strength index stands firmly above […]

4h The bovine candle formation “Absorption” and the subsequent bullish formation “Harami” allowed the pair to turn in favor of the European currency and begin to increase in the direction of the Fibo level of 200.0% – 130.92. The bearish formation on July 14 will be interpreted as a correction signal, since the equidistance channel […]

4h Quotations of the pair NZD / USD continued the growth process and fixed over the correction level of 200.0% – 0.7289. However, the bear formation “Falling Star” allows traders to expect a turn in favor of the US currency and a return to the Fibo level of 200.0%. The new bullish formation on July […]

4h On the 4-hour chart, the pair executed a reversal in favor of the Pound sterling and continues the growth process in the direction of the correction level of 161.8% – 1.3076. On July 14, a new bearish divergence is brewing, in MACD indicator: The last peak of quotations may turn out lower than the […]