Price has bounced up perfectly and reached our profit target. We now turn bearish with new elements coming into play. We look to sell below 110.66 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a push down to at least 109.14 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance […]

Recently, the EUR/USD has been trading sideways at the price of 1.1200. According to the 1H time frame, I found an expanding wedge and broken supply trednline, which are signs of potential strength. My advice is to watch for potential buying opportunities. The upward target is set at the price of 1.1270. There is also […]

USD/CHF is expected to trade with a bearish outlook. Although the pair posted a rebound, its trading seems to be shifting its trend from upward to downward, which should limit the upside potential. The relative strength index is below its neutrality level at 50. Even though a continuation of a technical rebound cannot be ruled […]

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

All our targets which we predicted on Friday have been hit. GBP/JPY is still expected to trade in a lower range as key resistance lies at 140.80. The pair is trading below the key resistance at 140.80, which should limit the upside potential. The relative strength index is mixed with a bearish bias. The British […]

Technical outlook: The EUR/USD pair continues to drift within a trading range broadly between 1.1150 and 1.1250 levels for now. As shown on the 4-hour time frame, the pair might have either completed its correction at 1.1150/60 last week or should be looking to retest lows at 1.1100 levels before terminating and resuming rally again. […]

As predicted on Friday, NZD/USD has been trading with bullish outlook and expected to continue its bullish outlook above 0.7170, and recommend buy position above 0.7170. The pair is consolidating above the key support at 0.7185, which should limit the downside potential. The relative strength index lacks downward momentum. Even though a further consolidation cannot […]

We’re halfway through the first trading day of the week, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar has been inching higher, gaining a total of 34 pips, and the pair was point 15% in the green at noon. Traded volume is in line with the monthly average, and the neutral traders’ sentiment stands […]

Daily Outlook In January 2017, the previous downtrend was reversed when a 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 to meet the EUR/USD pair is located between (1.1400-1.1520) where price action should be watched for possible bearish rejection. […]

You’re watching the Dukascopy Economic Calendar for Tuesday, the 13th of June. Here’s a rundown of the most important news releases. A couple of publications regarding the UK economy for May open this agenda at 8:30 in the morning, including the key inflation figures. Sterling’s weakness has continued to drive inflation higher and annual pace […]

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 market failed to record a new high above 0.7400. Bearish breakdown of the lower limit of the channel took place in December […]

Overview: The GBP/USD pair continues to move downwards from the area of 1.2765. Last week, the pair dropped from the level of 1.2765 to 1.3634. Today, resistance is seen at the levels of 1.2765 and 1.2806. So, we expect the price to set below the strong resistance at the levels of 1.2765; because the price […]

Recently, the USD/JPY pair has been trading downwards. The price tested the level of 109.88. According to the 1H time frame, I found a broken bearish flag and bearish divergence on the OSMA osilator. There is a head and shoulders formation in the background, which is another sign of weakness. My advice is to watch […]

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Start your trading week right and make sure you’re not being overcharged. This is the Main Spike Controller. Euro/Dollar’s long-term average spread reaches point 36 pips, maxing out at point 7 pips within the last 4 hours. This pair has seen limited movement, and the single biggest move was a gain of point 28% or […]

The USD/JPY pair has been under bearish pressure but recently the price has bounced from 109. Currently it is expected to remain bullish in the coming days. JPY has been quite strong against USD before last week’s negative economic reports like Japan’s GDP report. It was expected to be at 0.6% but published with a […]

Fundamental Analysis: Pound falls to six-week low after UK elections In this week’s fundamental analysis, The British pound fell to a 6-week low after the UK elections resulted in a hung parliament, with no one party gaining an outright majority victory. The pound plummeted towards 1.27059 against the US Dollar on Friday, after previously trading […]

It’s time for this week’s first Main Daily Trading Signals with a closer look at how the technical models compare with the interbank sentiment at 8 AM GMT. Most of the indicators are green for the Euro/Dollar in the hourly chart. Mid and long terms both have 5 neutral signals, but the 22% long interbank […]

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

The outcome of the UK general election turned out to be that the Tories won 318 seats, the Labour 262, the SNP 35, the Lib Dems 12 and the DUP 10. None of the parties won more than 326 seats, indicating a Hung Parliament. The Tories lost 12 seats, lost their majority, now having even […]

Global market overview for 12/06/2017: In the wake of the UK general election, let’s take a look at the most important economic events this week. Monday, 11th of June This is the day when the exit polls of the French parliamentary elections will be counted and officially announced later in the day. It is hard […]

Trading plan 12/06/2017: At the beginning of the week, the US Dollar is weak, it only gains against NZD. GBP/USD is rising to 1.2765, EUR/USD is holding above 1.12 and USD/JPY is oscillating around 110.25. Precious metals and grain are getting cheaper, Crude Oil is gaining slightly. On the Asian stock markets, weak sentiment is […]

The biggest economic indicators of the week Welcome to the easyMarkets weekly outlook starting this Monday 12 June. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. It’s a big week for both the Pound and the greenback starting off with an inflation report from the UK […]

The Dollar index showed reversal signs at the end of last week and we could see a strong bounce towards 99 as long as we trade above 97-96.50. Short-term trend is bullish as price has broken above the 4-hour Kumo (cloud). Blue line – support The Dollar index has moved above the Kumo in the […]

GOLD price continued its decline on Friday as we expected towards $1,250. Price stalled at its short-term cloud support at $1,265. There is a chance of a bounce towards $1,280 before the next leg down, or a straight move lower towards $1,250 to complete the correction. Blue lines – bearish channel Price is trading right […]