Overview The GBP/JPY pair was forced to provide intraday positive rebound yesterday to be affected by stochastic sudden rally towards the overbought areas, but the price consolidation below 143.30 barrier allows us to continue suggesting the negative domination until moving towards 38.2% Fibonacci correction level around 140.20. The moving average 55 decline below the mentioned […]

Overview GOLD price settles near 1285.00 after the price decline with the end of yesterday, while stochastic approaches from the oversold levels, to provide a positive motive that we expect to lead the price to resume the main bullish trend, organizes within the bullish channel that appears in the image. Therefore, we will keep preferring […]

Overview Silver price shows slight bearish bias to approach from retesting the critical support at 17.43, as long as the price above this level, the bullish trend scenario will remain valid on the intraday and short term basis, pointing that the next main target at 18.30. On the other hand, breaking 17.43 level will push […]

Breaking News: ECB changes its direction on forward guidance on interest rates No surprises with the European Central Bank (ECB) interest rate decision which has remained unchanged at 0%, however, the view of their stance changed when the word “lower” was dropped in their statement. “The Governing Council expects the key ECB interest rates to […]

Yesterday’s GBP/JPY target has been hit as presicted. Today, the pair is expected to extend its upside movement. The pair posted a rebound and broke above the 20-period and 50-period moving averages. In addition, the bullish cross between 20-period and 50-period moving averages has been identified, which indicates a positive signal. The relative strength index […]

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. […]

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 […]

Investors were on edge while markets remained on standby ahead of a trio of risk high-risk events which could create explosive levels of volatility across the board. Investors will direct their attention towards the ECB press conference this afternoon which may rock the Euro, while former FBI directed James Comey’s testimony should impact the Greenback. […]

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Technical outlook: The EUR/USD pair continued to flirt with 1.1280 levels until today before reversing lower again. Please note that the pair has tested recent highs three times and failed to get through fresh highs, which might be an indication of exhaustion and that a meaningful retracement should be expected lower. Looking at the wave […]

Overview: The USD/CHF pair is still trading in a downwards from the level of 0.9733 which represented a major resistance today. The pair dropped from the level of 0.9733 to the bottom around 0.9620. But yesterday the trend has rebounded from the bottom of 0.9620 towards the level of 0.9677(minor resistance). Today, the first resistance […]

This week EURAUD had numbers of impulsive bearish move bouncing off from 1.5025 to currently at the edge of 1.4880 support level. Today AUD had negative Trade Balance report with the worst figure at 0.56B which was expected to be at 1.91B. Previously the Trade Balance was at 3.17B and with that aspect, a decrease […]

Overview: Pivot point: 0.7205. The NZD/USD pair is showing marks of strength following a breakout of the top level of 0.7122. The level of 0.7122 coincides with 78.6% of Fibonacci, which is expected to act as major support today. Since the trend is above the 78.6% Fibonacci level, the market is still in an uptrend. […]

Recently, the USD/JPY pair has been trading sideways at 110.05. According to the 4H time frame, I found a hidden bullish divergence on the moving average oscilator, which is a sign that selling looks risky. My advice is to watch for potential buying opportuntiies. The upward targets are set at the price of 111.00 and […]

Recently, the EUR/USD pair has been trading sideways at the price of 1.1240. Anyway, according to the 30M time frame, I found a broken upward trendline and successful breakout of support. My advice is to watch for potential selling opportunities. Downward targets are set at the prices of 1.1200, 1.1180, and 1.1155. Resistance levels: R1: […]

Price continues to rise and is now approaching a major resistance level at 1.2984 (Fibonacci retracement, Fibonacci extension, horizontal resistance) and we expect to see a strong reaction from this level for a drop towards 1.2886 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance below the 88% level where we […]

Price is now testing major resistance at 0.7554 (Fibonacci extension, horizontal resistance) and we expect a strong reaction off this level for a drop to at least 0.7490 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below the 93% level and we expect a drop from here. Correlation analysis: Overall AUD […]

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

Global macro overview for 08/06/2017: The European Central Bank interest rate decision and press conference is one of the most important events of the day. The Interest Rate Decision is scheduled for release at 11:45 am GMT and the Press Conference is scheduled at 12:30 pm GMT. Market participants expect ECB to leave the interest […]

Today is a big day for the market with three major events upcoming: the market-focused UK general election, the Former FBI Director Comey’s testimony, and ECB’s rate decision and press conference at 12:45 and 13:30 BST respectively. The market is expected to be volatile across the board. In terms of the UK general election, there […]

Trading plan for 08/06/2017: Chinese and Japanese data disappointed overnight. The disappointment with the macroeconomic data has contributed to the temporary weakness of the Japanese Yen, which is currently the leader in the G10 (0.4%). Weakness of the US dollar is not used by its counterparts from Australia (0.0%) and Canada (0.0%). The Pound Sterling […]

“Qatarstrophe!”  It may have not come as a shock, but on Monday the 5th of June Saudi Arabia, Egypt, Bahrain and the United Arab Emirates (UAE) cut all diplomatic relations with Qatar. The reason behind this drastic move is the accusation that the capitol, Doha, is an active supporter of terrorism within the region and […]

Markets Brace for UK Elections, ex FBI Director Testimony, and ECB Decision In today’s fundamental analysis: could today shape up to be ‘a perfect trading storm’ with three financial events lined up? Markets were relatively quiet overnight, waiting for what could potentially be the most important day of 2017. What is happening today? The big event is […]

EUR/USD: This pair has moved largely sideways this week, fluctuating between the support line at 1.1200 and the resistance line at 1.1300. There would soon be a break out of the support and resistance lines, which is expected to happen before the end of this week or early next week. That is what would lead […]

The Dollar index bounced yesterday as we expected but got rejected at the first important short-term resistance. Yesterday’s highs are now very important to the short-term trend. If broken we should expect price to move towards 99. Blue line – resistance Previous support at 97 has turned into resistance. As expected, the index bounced yesterday […]