We are coming off the heels of an interesting week for the U.S. dollar which ended the week stronger versus the British Pound, weaker versus the New Zealand dollar and basically unchanged against other major currencies. Read Full Article: https://pepperstone.com/en/Forex-news/market-review/boris-and-kathy-forex-weekly-29-5-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA Find out more about Pepperstone: https://pepperstone.com/ […]

USDX was favored by a bullish momentum witnesses during Friday’s session and the resistance level of 97.41 is helping to cap the bulls. Also, the 200 SMA is acting as dynamic resistance and we can expect that it continues to be a barrier for the buyers. However, if the index manages to pull back at […]

GBP/USD had a strong decline on Friday, as the Pound weakened across the markets and such selling pressure was fueled by a sell-off in the greenback following positive data in the United States. The support zone of 1.2791 is leading the path in the pair and if it gives up, then a decline towards 1.2718 […]

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EURGBP: A Picture of Elliott Wave Precision The Euro‘s recent surge to two-month highs against the Pound fit its Elliott wave blueprint beautifully By Elliott Wave International Let’s assume financial markets are driven by news events. Negative news items cause prices to fall, while positive items fuel rallies. Easy enough, right? Not exactly. See, there […]

Wave summary: The break below support seen at 1.5803 has forced us to change the short-term count slightly. This new count indicates that wave ii/ still is unfolding as an expanded flat correction. This calls for a move slightly lower to 1.5537 in wave c of ii/ before renewed upside pressure should be expected in […]

Wave summary: The corrective decline from 125.81 has now entered the 123.78 – 124.17 area to complete wave ii. That said, we will need a break above minor resistance seen at 124.66 and more importantly a break above 125.06 confirming that wave iii higher towards 134.25 is developing. As long as minor resistance at 124.66 […]

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We are heading towards weekend, so let’s see what’s moving and shaking on the FX Markets at 3 PM GMT. There are some significant rate shifts and Sterling/Yen is the top mover with a drop of 1.45%. The pair has been on a slide throughout the session so far. US stock indexes are hovering near […]

We take a nice detailed look at AUD/USD and see if there are any trading opportunities for us to make some juicy pips! We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and RSI to determine the best entry, stop loss and profit targets. Subscribe to me for more […]

We take a nice detailed look at NZD/USD and see if there are any trading opportunities for us to make some juicy pips! We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and RSI to determine the best entry, stop loss and profit targets. Subscribe to me for more […]

Price has tested our selling area and is dropping nicely from there. We remain bearish below major resistance at 125.55 (Fibonacci extension, Elliott wave theory, swing high resistance, bearish divergence) for a strong push down to at least 124.72 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is dropping nicely from our 94% resistance […]

Price continues to drop slowly from our selling area. We remain bearish below major resistance at 112.08 (Fibonacci retracement, horizontal pullback resistance, Elliott wave theory) for a drop towards 110.50 support (Fibonacci extension, horizontal overlap support). Stochastic (55,5,3) is reversing below our 93% resistance as we expect a strong drop from here. Correlation analysis: We’re […]

Price has reached our selling area and is dropping nicely from it. We remain bearish below major resistance at 0.7051 (Fibonacci extension, Elliott wave theory, horizontal resistance, bearish divergence) for a further drop to at least 0.6987 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 96% level and also sees […]

Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy above 0.7441 support (Fibonacci retracement, horizontal swing low support) for a push up and reintegration into the bullish channel for a rise to at least 0.7510 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (34,5,3) […]

You’re watching the Economic Calendar for Monday, the 29th of May. Let’s see which news releases could move the currency markets. US markets will be closed for the Memorial Day, and it’s also the Spring Bank Holiday in the UK, so the schedule is quite light. Still, a potential market mover is scheduled at 1 […]

Overview The USD/JPY pair holds below the bearish channel’s resistance, keeping the negative pressure valid until now, which is supported by the EMA50. Stochastic heads towards the overbought areas, waiting to resume the bearish bias in the upcoming sessions. Therefore, we are waiting for downwards trading in the upcoming sessions with the targets beginning at […]

Overview The GBP/JPY pair repeated its fluctuations in the sideways range, which keeps it confined between the support at 143.30 and the resistance level at 145.45. Therefore, we will keep waiting for surpassing these levels to detect the main targets in the upcoming trading. Please review the previous report to determine the expected targets when […]

Overview The GOLD price continues to fluctuate within a sideways track and the price needs to breach one of the key levels represented by the 1,249.94 support and the 1,263.00 resistance to detect its next destination clearly. Therefore, we still remain neutral until we get a clearer confirmation signal for the next trend. Note that […]

Overview The Silver price calmly edges higher approaching our initial target at 17.43, motivated by Stochastic positivity shown on the four-hour time frame. A breach of this level will extend silver gains to 18.30 levels on the near-term basis. Therefore, the bullish trend will remain valid and active for today unless breaking and holding below […]

Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.

This is the Dukascopy Midday Snapshot for this week’s last trading day, 26th of May. Euro/Dollar has seen limited rate movement, high and low difference is 50 pips. Turnover is average and sentiment of the traders is neutral, 4% long. Both sides have had some profit opportunities, but the narrow price movement range is what […]

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2844. According to the Daily time frame, I found that price broke a sideways channel, which is a sign that sellers took control over the market. There is also a breakout of inside bar formation, which is another sign of weakness. […]

You’re watching the Economic Calendar for Monday, the 27th of May. Let’s see which news releases could move the currency markets. US markets will be closed for the Memorial Day, and it’s also the Spring Bank Holiday in the UK, so the schedule is quite light. Still, a potential market mover is scheduled at 1 […]

Recently, the EUR/USD pair has been trading sideways at the price of 1.1205. According to the 30M time frame, I found a resistance cluster at the price of 1.1230. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1170 and 1.1090. Resistance levels: R1: 1.1240 R2: […]