It’s 3 PM GMT on this Monday, and it’s time to look back at what’s been moving and shaking in the Forex markets. The start of the week has actually been quite calm, as the biggest move of the day was point 35%, and it was posted by Dollar/Swiss Franc. Two North American currencies are […]

Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.

Overview The USD/JPY pair confirmed that 113.97 has been breached after the pair closed above it last week. This supports our expectations for a further bullish trend on the short-term basis. The price moves within the bullish channel that is displayed in the above chart, waiting for visiting 116.00 level as the next target level. […]

Overview The GBP/JPY price kept its positive stability near 147.65 level. Looking at the chart, we notice the pair’s attempt to form a double top pattern, which supports the continuation of the overall bullish in the short term. We expect targeting 38.2% at 150.95 by a breach. The continuation of the positive pressure will make […]

Overview GOLD price managed to hit our expected target at 1,208.92 and has settled there, while stochastic has reached the oversold levels. This forms a positive background that could enable the price to recover in the nearest sessions, waiting for testing 1,229.32 level initially. Therefore, the bullish bias will be preferred for today on condition […]

Overview Silver price has been able to hit our expected target at 15.49. Please be aware that the metal began the week with a bearish bias to press and is moving below that level now. This provides signals for further losses on the longer-term basis, easing the way to the previously recorded bottom at 13.75. […]

USD/CHF is expected to trade with a bullish outlook. Although the pair broke below the 20-period moving average, it is still trading above the rising 50-period moving average, which plays a support role. The relative strength index is mixed with bullish bias. Even though a continuation of the consolidation cannot be ruled out, its extent […]

Our target which we set on 6th July has been hit and the pair is expected to follow its upside movement. The pair remains supported by both 20-period and 50-period moving averages, and is looking for a higher top. The 20-period moving average stands firmly above the 50-period moving average, and the relative strength index […]

There is a little movement in the market today after the announcement of non-farm payroll. The pair is under pressure below the key resistance at 0.7290, which should limit the upside potential. Relative strength index is capped by a bearish trend line since July 7 and calls for a further downside. To sum up, as […]

The morning session is over on this Monday, and it’s time for the Midday Snapshot where we take a closer look at the rate movements and trader performance. Euro/Dollar has had a slighly bearish start of the week, as a loss of 36 pips left it point 13% in the red at noon. Trading has […]

You’re watching another Dukascopy Economic Calendar. Here’s a rundown of the most important news releases for Tuesday, 11th of July. Italian industrial production for May opens this agenda at 8 o’clock in the morning. A disappointing drop of point 4% was reported in April, which wiped out March’s gain. US National Federation of Independent Business […]

Recently, the EUR/USD has been trading downwards. The price tested the level of 1.1381. Anyway, according to the 15M time frame, I found a successful test of Friday’s low at the price of 1.1379, which is a sign that selling looks risky. I also found a testing of the diagonal upward trendline, which is another […]

Do you think GBPUSD is poised for a nice bounce? The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com

Wave summary: Nothing is happening here. EUR/NZD remains locked inside a narrow trading-range between 1.5509 – 1.5712. Ideally we will see a break above resistance at 1.5712 for a continuation higher towards 1.6235 and above. Trading recommndation: We are long EUR from 1.5645 with stop placed at 1.5215. If you are not long EUR yet, […]

Wave summary: EUR/JPY continues to rally as expected and is headed for a test of the 131.21 target Once this target has been reached, we should be looking for a correction back down to at least 127.97. Trading recommendation: Look for a possible selling opportunity near 131.21 The material has been provided by InstaForex Company […]

Start off your trading week with fair trading conditions and compare your broker’s price feed with the Main Spike Controller. Euro/Dollar has had a slow start of the week, as its long-term average and peak spreads stand at point 33 and point 7 pips, respectively. The pair’s biggest move was a decline of point 32% […]

Recently, GOLD has been trading downwards. The price tested the level of $1,204.83. Anyway, according to the 30M time frame, I found a fake breakout of Friday’s low at the price of $1,207.00, which is a sign that selling looks risky. I also found a hidden bullish divergence on the moving average oscilator, which is […]

The price has bounced up absolutely perfectly from our buying level and has reached our profit target. We remain bullish looking to buy above 0.9621 support (Fibonacci retracement, horizontal overlap support) for a further push up to at least 0.9682 resistance (Fibonacci extension, horizontal overlap resistance). Stochastic (55,5,3) is seeing nice support above 2.7% where […]

The price has started to bounce up nicely from our buying level. We prepare to buy above 0.7577 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish divergence) for a bounce up to at least 0.7642 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing a nice bounce above 4% with good upside […]

The price has bounced up absolutely perfectly from our buying area and is fast approaching our profit target. We prepare to sell below 86.97 resistance (Fibonacci extension, horizontal swing high resistance, Elliott wave theory) for a drop down towards 85.74 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing strong resistance below 98% […]

The price is approaching major resistance at 114.32 (Fibonacci extension, horizontal swing high resistance) and we expect to see a strong reaction from this level to push the price down to at least 111.77 support (Fibonacci retracement, horizontal overlap support). Stochastic (55,5,3) is seeing major resistance below 95% and we expect a drop from this […]

Trading plan 10 – 14/07/2017 General picture: The trend against the dollar (except for the Yen), “Testimony” of the Fed Chairman on July 12. The US employment report did not give a strong movement in currencies (except for the yen). Data on employment in the US for June came out strong, above the forecast of […]

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Welcome to the easyMarkets weekly outlook starting this Monday 10 July. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. This week we see key figures coming out of the UK on inflation and unemployment. Brexit negotiations continue to put pressure on the Pound which is in […]

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. […]