Overview Silver price did not show any strong move since morning. So the metal is still hovering near 16.00 level, while stochastic is approaching from the overbought areas. This creates a negative factor that will make the price resume the bearish bias in the short term. To keep the bearish trend scenario valid for today, […]

Technical outlook: EUR/USD has followed our projected trajectory on May 08, 2017. The pair has dropped lower and looks to be completing an impulse already as labelled here. The pair has broken the support at 1.0875 and is looking to break the next support at 1.0850 levels before pulling back in a corrective manner. The […]

AUD/USD has been under bearish pressure since the break below 0.7500. Currently, the pair is on the way to retest that level as resistance. Yesterday, Australia released a negative Retail Sales report which revealed contraction by 0.1% instead of the expected 0.3%. Annual Budget report was also posted which weakened the the aussei dollar. The […]

After an impulsive non-volatile bullish trade, USD/CAD has bounced off from 1.3790 resistance level recently. The pair is currently trading with higher volatility but bears seem to gain some strength in the coming days. Canada posted Building Permits report yesterday which was came out with a negative figure at -5.8% which was expected to be […]

Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel. In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, significant bearish rejection was expressed around 1.3580 (recently established top). During the […]

In December 2016, the NZD/USD pair was trapped within the depicted price range (0.6860-0.6990) until a bullish breakout occurred. A bullish breakout above 0.6960-0.7000 allowed the pair to head toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure on the pair. Bullish persistence above 0.7100 allowed a further […]

The morning session is over on this Wednesday, so let’s see how things have been shaping up for the market players. Euro/Dollar’s daily volatility of only 39 pips was posted as the pair moved lower. The pair sees 39% less than typical funds and most of the traders have been forecasting it to head up. […]

Bank of England releases its latest inflation report on Thursday, so let’s take a closer look. Swiss Consumer Price Index for April comes at 7:15 AM. The annual inflation rate has stood in the positive territory for the past 3 months. Two news releases regarding the UK economy in March follow at half past 8, […]

Recently, the EUR/JPY pair has been trading sideways at the price of 123.72. According to the 1H time frame, I found a fake breakout of yesterday’s low, which is a sign that selling looks risky. My advice is to consider potential buying opportunities. The short-term trend is bullish. Upward targets are set at the price […]

Recently, GOLD has been trading upward. The price tested the level of $1,225.65. Anyway, I found a false breakout of yesterday’s high, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. I also found a reversal bar on the 30M time frame, which is another sign of […]

This is the primary Dukascopy Spike Controller with the benchmark interbank price stats for this Wednesday. Euro/Dollar’s long term average spread is point 36 pips, but spreads have been calmer during the past 4 hours. Maximum separation has been 2 and a half pips. Daily high and low difference is 48 pips and it was […]

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

These are the Main Trading Signals for Wednesday. Here’s how our in-house model tests out. All three time ranges bring different results for the Euro/Dollar, which sees 5 bullish signals on its short-term chart. The mid-term scale brings 6 sell prompts, and the long-term chart is mostly neutral. Bullish at more than 21% long, the […]

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…

ECB Governor Draghi will make a speech in the Dutch Parliament at 12:00 BST today. It will be Draghi’s first speech after the French election so traders should be aware of any comments on the Eurozone’s economic outlook or hints of a possible gradual removal of QE. Thursday May 11th is a crucial day for […]

Global macro overview for 10/05/2017: Another report on the US jobs market comes from JOLTs Job Openings data. The survey recorded an increase of job openings to 5,743k at the end of March from a revised 5,682k in the previous month, which was originally reported as 5,745k. Moreover, the data were better than market expectations […]

The US dollar index bounced yesterday, as expected, and reached our first target at 99.50 where the 38% Fibonacci retracement resistance is found. A clear daily break above 99.60 will open the way towards 100.20 as the price has broken above the 4 hour cloud resistance. The USD index is above the 4 hour cloud […]

GOLD price continues to make lower lows and lower highs. Trend remains bearish. Gold has limited downside. I still prefer bullish positions at the current levels. Blue lines – bearish channel Despite being still inside the bearish channel and below both the tenkan- and kijun-sen, the RSI divergence signals that gold is just above previous […]

Good morning traders, let’s see where the Support and Resistance levels stand this Wednesday morning. We start with the most popular currency pair, the Euro/Dollar, which has R1 of 1 09 and S1 of 1 0860. R1 is the most confirmed resistance line with 12 studies. R2 is backed up by Price Channel Indicator Upper […]

Trading plan for 10/05/2017: The Dollar is losing its value against other G-10 currencies today. EUR/USD is struggling to return above 1.09, USD/JPY has been pushed back at 114.00, which was conducive to information on plans for further North Korea’s nuclear missions. The API report showed a significant decrease in Oil inventories. The WTI has […]

Overview: The bias remains bullish from the support level of 0.6847. The NZD/USD pair will probably continue to move upwards from the level of 0.6847. The first support level is currently seen at 0.6847, the price is moving in a bullish channel now. The level of 0.6847 coincides with the double bottom, which is expected […]

Wave summary: We continue to look for a little more downside closer to 1.5645 to complete wave ii/ and set the stage for the next impulsive rally in wave iii/ to at least 1.6655. Short term, we expect minor resistance at 1.5861 to be able to cap the upside for the test of 1.5645. Longer […]

The first round of France’s presidential election triggered a relief rally in global equities, as investors rallied behind pro-European Union (EU) centrist Emmanuel Macron. For investors, a vote for Macron is a vote for stability in an election race that featured several Eurosceptic candidates. The independent Macron secured 24% of the ballot to finish first […]

Wave summary: With the break above resistance seen at 124.02, the correction in wave B shifted to a flat correction instead of a double zig-zag correction as originally expected. This indicates yet another decline towards at least 122.94 in wave c of B and likely just below 122.94 to complete this correction and set the […]

USD/CHF is expected to continue its upside movement. The pair recorded a succession of higher tops and higher bottoms since May 8 and is holding on the upside. The rising 50-period moving average is playing a support role and maintains the upside bias. The relative strength index is above its neutrality level at 50 and […]