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Technical outlook: The EURUSD pair has drifted lower as expected and discussed in the previous articles here. The pair is seen to be trading right below 1.1180 levels for now but is looking to take support from current here, and there is divergence seen on the hourly chart. Still probability is to dip lower towards […]

EUR/USD: There is a bearish threat on this pair. Though the price has consolidated so far this week, and it is gradually going downwards. A movement below the support line at 1.1150 would lead to a bearish signal, while a movement above the resistance line at 1.1300 would result in a bullish signal. A movement […]

The trading week is coming to an end, but don’t let your guard down and keep checking your broker’s price feed with the Main Dukascopy Spike Controller. First up is the Euro/Dollar, which has a daily average spread of point 37 pips. Maximum separation has been 3 pips. Past 24 hours have been bearish for […]

Recently, the USD/JPY pair has been trading upwards. The price tested the level of 110.47. According to the 30M time frame, I found a fake breakout of yesterday’s high, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at the price of […]

Recently, the GBP/USD pair has been trading downwards. The price dropped 320 pips and tested the level of 1.2634. Anyway, I found that there is strong selling climax (a sign of strength) in the background and a successful test of supply in a low volume, which is a sign that selling looks risky. My advice […]

Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to examine a successful trade you could have made this week. Event: RBA Interest Rate Decision Date: Tuesday […]

Updated seats breakdown of UK general election so far is: Conservatives 318, Labour 261, SNP 35, Liberal Democrats 12 other parties 23. The approval ratings for the Tories and Labour are around 42.4% and 40.1% respectively. The turnout ratio was 68.7%, up 2.6% from 2015 but down 3.5% on the Brexit referendum. Although the calculation […]

Overview: The USD/CHF pair is still trading in a downwards from the level of 0.9733 which represented a major resistance today. The bottom price is seen at 0.9620. The trend has rebounded from the bottom of 0.9620 towards the level of 0.9716. So, the strong resistance has been already formed at the level of 0.9733 […]

Overview: The NZD/USD pair: There are no changes in our technical outlook. The bias remains bullish in the nearest term testing 0.7305 or higher. The NZD/USD pair is showing marks of strength following a breakout of the top level of 0.7122. Since the trend is above the 0.7122 level, the market is still in an […]

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

Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

The Dollar index has confirmed a short-term reversal as we anticipated in our previous analysis and is heading towards 99. The warning signs for Dollar bears were there and we warned them to protect their short positions as a strong bounce was anticipated. We are now bouncing and we have lots of upside room to […]

For the last few days, I’ve been bearish GOLD expecting a pull back towards $1,250 at least and I have been warning bulls to raise their stops. Gold finally has provided the reversal signals and is already more than 20$ lower than its recent highs. The gold price has broken below the kijun-sen and has […]

May Day, May Day, Theresa May’s gamble backfires as hung parliament is confirmed  Theresa May’s gamble of calling a snap general election to strengthen her position in Brexit negotiations has backfired, with results confirming a hung parliament for the UK. After 6 weeks of campaigns and continuously changing opinion polls, the Conservatives lost their majority. […]

AUD/JPY corrective volatile structure is still in play despite the positive and negative economic reports of the both currencies in the pair. The currency pair is currently residing between the areas of 81.50 to 84.50 and unable to provide any significant trend direction until the price breaks above or below the levels. Despite having worse […]

EUR/GBP showed a great amount of bullish pressure from the first hour today. It moved 140+ pips in an hour bouncing off from 0.8650 to 0.8820. Recently Pound had been suffering from Brexit vote and currently from the General Election effects. The pound is currently quite weaker and it may cause the households to suffer […]

Wave summary: Wave ii/ has extended it’s decline to 1.5468, which should be more than enough to complete wave ii/ and set the stage for a rally higher in wave iii/ towards 1.6655. That said, we will need a break above minor resistance seen at 1.5720 to confirm that wave ii/ has completed and wave […]

Wave summary: Important support at 122.53 is still holding firm and should continue to do so for a rally higher towards 134.62 to complete the wave d of the triangle consolidation. Once the wave d is complete a final dip in wave e should be seen before renewed upside pressure is seen through resistance at […]

The foreign exchange (Forex) is the world’s most liquid financial market, turning over a staggering $5.3 trillion in daily volume.[1] This has made the market a big attraction to traders from around the globe. We started introducing you to trading strategies with the breakout strategy this time learn how to use the pin bar trading strategy. […]

When the European market opens, some Economic Data will be released, such as Italian Quarterly Unemployment Rate, French Industrial Production m/m, French Gov Budget Balance, German Trade Balance, and German Final CPI m/m. The US will release the Economic Data, too, such as Final Wholesale Inventories m/m, so, amid the reports, EUR/USD will move in […]

In Asia, Japan will release the Tertiary Industry Activity m/m and M2 Money Stock y/y data, and the US will release some Economic Data, such as Final Wholesale Inventories m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 110.71. Resistance. 2: […]

The index gained momentum during Thursday’s session and it’s challenging the strong resistance placed around 96.93, which is the last hurdle ahead of 97.41. Once USDX manages to consolidate above the 200 SMA at H1 chart, then it can go for higher levels and eventually for the psychological zone of 98.00. To the downside, we’re […]

The pair remains supported by the 200 SMA at H1 chart amid geopolitical concerns and UK elections’ result, which could be very decisive for the future of Brexit negotiations. Once the resistance level of 1.2962 is broken, then we might expect a rally towards 1.3018, while a pullback and a break below 1.2892, can make […]

Overview The EUR/JPY pair still affected by the intraday negative pressures by consolidating below 124.40 level, to continue forming initial resistance against the bullish rally, thus, we will keep expecting the correctional bearish bias domination for the near term period that targets the initial support line extension around 121.65, supported by the consolidation of the […]