The American car manufacturer Ford has filed a patent for a device for communication between vehicles, which includes exchanging cryptogram tokens to liquefy traffic, informs U.S. Patent and Trademark Office (USPTO). Ford claims that traffic congestion arises “because of the psychology of human drivers who focus on their individual travel time preferences.” The patent suggests […]

The American car manufacturer Ford has filed a patent for a device for communication between vehicles, which includes exchanging cryptogram tokens to liquefy traffic, informs U.S. Patent and Trademark Office (USPTO). Ford claims that traffic congestion arises “because of the psychology of human drivers who focus on their individual travel time preferences.” The patent suggests […]

Over the night the EUR/USD recaptured from 1.23 and USD/JPY failed to push through 107.00. This is definitely the strongest movement in the major’s basket. In addition, the mood on the stock markets has stabilized and the WTI Crude Oil price has risen – the evening descent at USD 64 has been negated and the […]

BITCOIN is currently residing at the important price area of $7,500. If the price breaks below with a daily close, further impulsive bearish momentum is expected. Currently, there has been some news about crypto mining in some cities like New York and Plattsburgh. Besides, Twitter announced a ban on the advertisement of cryptocurrencies in any […]

The Dollar index is challenging very important short-term resistance. The spike up in the Dollar index from Monday was continued yesterday with more Dollar strength. Price is breaking above the Ichimoku cloud in the short term, but more strength is needed for a full scale reversal. Red line – resistance trend line The Dollar index […]

The Great Britain Pound rose slightly against the dollar after a report from GFK showed that the consumer confidence rose in March. The data showed that the confidence index rose three points to negative seven in the month. At the same time, wages increased slightly despite the ongoing uncertainties relating to Brexit and the political […]

On 24th March one of the latest XM seminars took place in Bacolod, the Philippines, where we were pleased to welcome a great number of online investors interested in learning about the basics of Forex trading. Professional instructor Jonathan Lou Reyes, accompanied by our company representatives, welcomed event guest on the premises of L’Fisher Hotel, […]

GOLD price has continued lower towards $1,320 inside our target area of $1,330-20 for the pull back we were expecting. Gold price has reached important short-term support. Gold should bounce from current levels, but if we see choppy sideways action, we should then expect another leg lower. Gold price has broken below the tankan- and […]

USD/CAD is currently residing at the edge of the 1.29 price area with extreme volatility in place after the impulsive non-volatile bullish trend. Ahead of the CAD high impact economic reports today, certain volatility is taken as quite normal. Today, USD Core PCE Price Index report is going to be published which is expected to […]

USD/CHF has been quite impulsive with the bullish gains recently which lead the price to jump straight towards 0.9450 to 0.9575 price area. Recent positive USD Final GDP increase to 2.9% from the previous value of 2.5% which was expected to be at 2.7%, had a good impact on the USD gains which lead the […]

With US Personal Consumption Expenditures – Price Index on the way later today, as well as US Jobless data, traders will be watching the USD, which is showing strength as we approach the last trading days of March. USDJPY was up to 107.00 at one point overnight, helped by easing tensions with North Korea. GOLD […]

The Bureau of Labor Statistics (BLS) released the revised GDP numbers for the American economy. The data showed that the economy grew by 2.9%, which was up from the earlier released number of 2.7%. Analysts estimated the data to show a growth of 2.7%. In the third quarter, the economy grew by 3.2% while in […]

USDJPY bounced sharply during Wednesday’s trading session, adding 170 pips to its performance in just one day. The price rebounded on the 16-month low near 104.60 and tried to challenge the 107.30 resistance level. The pair, however, is currently looking weaker, trading below the 40-day simple moving average in the daily timeframe. The MACD oscillator is rising above its red trigger […]

When the European market opens, some Economic Data will be released such as Core PCE Price Index m/m and German Prelim CPI m/m. The US will release the Economic Data too, such as Natural Gas Storage, Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Unemployment Claims, Personal Spending m/m, and […]

In Asia, Japan will release the Retail Sales y/y data, and the US will release some Economic Data such as Natural Gas Storage, Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Unemployment Claims, Personal Spending m/m, and Core PCE Price Index m/m. So, there is a probability the USD/JPY will […]

In November 2017, evident signs of bullish recovery were expressed around the depicted low (0.6780). An inverted Head and Shoulders pattern was expressed around these price levels. The price zone of 0.7140-0.7250 (prominent Supply-Zone) failed to pause the ongoing bullish momentum. Instead, a bullish breakout above 0.7250 was expressed on January 11. That’s why a […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100-1.2200 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was 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. […]

The index is having a bullish momentum and looks forward to breaking above the 200 SMA at the H1 chart, in an effort to reach the March 20th highs. However, the support zone of 89.36 could get broken and could allow additional losses to test the support level of 87.88. To the upside, a critical […]

The pair remains well consolidated above the 200 SMA at the H1 chart, where it found support during March 27th session. Such area helped to give a boost to the Cable in the short-term and we can expect further rallies toward the resistance zone of 1.4225. To the downside, if GBP/USD manages to break below […]

Canadian GDP figures for the month of January are due on Thursday at 1230 GMT. The release could give direction to the local dollar which has been performing poorly relative to its US counterpart, shedding 2.7% year-to-date. Economic activity in Canada is expected to have expanded by 0.1% m/m during the first month of the […]

Thursday will probably be the most eventful day for the US dollar this week, from a data perspective at least. The core PCE price index, which is the Fed’s preferred inflation measure, as well as personal income and spending figures are all due for release at 1230 GMT. While forecasts point to a robust set […]

NZDJPY is looking more neutral as prices have climbed towards the 20-day simple moving average (MA) after bouncing off the lower Bollinger band. However, the 20-day MA also acted as resistance, hence the upside momentum appears to have run out of steam as prices have been attempting and failing to close above the line in […]

EURJPY rebounded significantly on Monday, jumping from a seven-month low of 128.93 on Friday to a two-week high of 131.80. Since then, the pair maintained this uptrend and the technical indicators in the 4-hour chart suggest that the market could consolidate gains in the near-term. Looking at momentum indicators, the RSI is moving sideways above […]

Overview GOLD kicked off the global trading day with a bullish bias in an effort to regain some of the losses incurred yesterday. Please note note that stochastic provides a positive overlapping signal on the four-hour time frame, which creates a long-awaited momentum to enable the price to achieve more gains in the nearest sessions […]

Overview Silver price pushes on the key support 16.45 now that urges caution for the short term. Stochastic is negative now, so breaking the mentioned level will force the price to suffer losses from 15.49 before any new bullish attempt. Until now, we keep the bullish outlook on condition of the price stability above 16.45. […]