Overview: The USD/CHF pair has dropped sharply from the level of 0.9736 towards 0.9709. Now, the price is set at 0.9736 to act as a daily pivot point. The USD/CHF pair didn’t make any significant movements yesterday. There are no changes in our technical outlook. The bias remains bearish in the nearest term testing 0.9769or […]

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World stocks were under selling pressure on Wednesday after a selloff in Oil prices dented risk sentiment. Sterling was extremely volatile this week with prices lurching higher after BoE Haldane offered a hawkish lifeline. Oil prices have officially entered a bear market amid the oversupply concerns. The air of caution boosted appetite for safe-haven assets […]

Good morning traders, let’s find out how the interbank compares with the technicals at 8 AM GMT. All three time ranges bring different results for the Euro/Dollar, which is mostly neutral in the short-term. The mid-term turns green with 5 studies, and the long-term sees 4 sell prompts. Bullish at more than 21% long, the […]

Global macro overview for 22/06/2017: The Reserve Bank of New Zealand voted to keep its official cash rate at 1.75% as expected. In the official statement, RBNZ said is “remaining accommodative for some time” due to the “uncertainties remaining”. Nevertheless, RBZN may still need to “adjust policy accordingly”, so all the statements are again in […]

Oil continued to trade lower on Thursday as traders look ready to test new lows for Crude prices with worries persisting over a global glut. Since peaking in late February, crude has dropped approximately 20%, with only brief rallies, completely erasing the gains it made at the end of the year following the initial OPEC-led […]

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 […]

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

Daily Outlook In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was established around 1.0500. Since then, evident bullish momentum has been expressed on the chart. The next daily supply level for the EUR/USD pair is located between 1.1400-1.1520 where price action should be watched for possible bearish rejection. Recent update: […]

Trading plan for 22/06/2017: In the last few dozen of hours, the US dollar lost momentum, and now it is dominated by the Pound Sterling and supported by the Reserve Bank of New Zealand. USD/JPY is moving back towards 111.00 and EUR/USD is trading around 1.1170. Meanwhile, precious metals are taking advantage of Dollar’s weakness. […]

This is the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out this morning. Euro/Dollar has inched higher, and it now stands between R1 of 1 1190 and S1 of 1 1160. Standing near a 20 day moving average, R1 sees 10 confirmations. R2 is a 6 month high with […]

The Dollar index stopped its rise and has pulled back towards the previous resistance area for a backtest. A successful backtest and bounce will confirm the bullish short-term trend. A break back below the previous resistance will be a bearish sign. Red line – resistance (broken) The Dollar index is breaking below the 4-hour kijun-sen […]

GOLD price bounced off the 61.8% Fibonacci retracement and the $1,245-40 area as expected. Price should test the $1,260 short-term resistance area. A rejection there will open the way for a push towards $1,200, but if the week closes around $1,260 and higher, we could have a bullish reversal sign on a weekly basis. Gold […]

Wave summary: The resistance line from 1.6232 is finally being broken indicating a corrective low likely is in place with the test of 1.5296. That said, we still need a break above minor resistance at 1.5564 to confirm that the corrective low in wave ii/ is in place and wave iii/ to above 1.6232 now […]

Wave summary: Wave c of the expanded flat wave ii completed at 123.62, just above the expected 123.43 target. This means wave iii now should be developing for a rally towards 133.34 over the coming weeks. Short-term, support at 123.62 should be able to protect the downside for a break above minor resistance at 124.46 […]

EUR/USD: Yesterday, there was an upwards bounce on the EUR/USD, in the context of a downtrend. The upwards bounce could end up giving a good short-selling signal as the price is expected to go downwards, reaching the support lines at 1.1150 and 1.1100. Some fundamental figures are expected today and they could have an impact […]

When the European market opens, some Economic Data will be released, such as Consumer Confidence, and ECB Economic Bulletin. The US will release the Economic Data, too, such as Natural Gas Storage, CB Leading Index m/m, HPI m/m, and Unemployment Claims, so, amid the reports, EUR/USD will move in a low to medium volatility during […]

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as Natural Gas Storage, CB Leading Index m/m, HPI m/m, and Unemployment Claims. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.83. […]

Bulls have been gathering momentum in the last days, but during Wednesday’s session, USDX managed to pull back from the resistance zone of 97.84. If the index manages to break above such barrier, further gains are expected towards 98.18 in a first degree, while a break below the 200 SMA at H1 chart can expose […]

The pair has been consolidating below the 200 SMA, as the bears continue to pressure on the Cable’s price. Overall, all price action points to the downside, but if the resistance level of 1.2704 gives up on the current recovery, we might expect a continuation towards 1.2826 in a first degree. MACD indicator remains overbought, […]

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As the amount of household debt rises, so does the risk of another financial crisis. A new milestone has been reached in the U.S. But a chart shows that the dangers of…

Recently USD/CHF has been quite corrective in nature after the price broke above the 0.97 resistance after breaking it below with a daily close. Currently, the price is residing inside a corrective range area between 0.97 to 0.98. CHF has been dominating USD since the negative employment report of USD this month and CHF is […]

NZD/USD is currently in a volatile corrective structure ahead of the Official Cash Rate and RBNZ Rate Statement. As the Cash Rate is the short-term interest rate which is a crucial factor in currency valuation it is expected to have a high impact on the market today. NZD Cash Rate today is expected to be […]

AUD/JPY has returned below the resistance of 84.50 after confirming the last bullish breakout was a false break. After the positive Employment Change and Unemployment Rate report last week the Australian Dollar has been seen gaining quite well over the Japanese Yen. Recently AUD has been seen losing some grounds due to decreased HPI report […]

Overview The USD/JPY pair shows sideways fluctuations after approaching the 112.00 barrier yesterday. Stochastic is getting rid of its negativity clearly and approaching the oversold levels, which forms positive motive to push the price to resume the bullish trend. Therefore, we will keep our bullish trend expectations active in the upcoming sessions unless breaking and […]