The US dollar index created a double bottom on February 16 near 88.20, posting a new more than 3-year low. The double bottom reversal is a bullish pattern indicating further gains on the price action as the index jumped above the significant area of 90.45. Currently, the price is recording a 7-week high near 90.75. In the daily […]

The events of the last weeks confirm the Fed’s president Jerome Powell in the belief that the US economy will deliver a high level of performance. During the speech in front of Financial Services Committee of the House of Representatives, the chairman of the US Federal Reserve presented an optimistic vision of the current and […]

The British Pound might get into the more bearish pressure that can clearly evolve in the coming weeks. At the beginning of the year, the markets were more optimistic about the prospects for the next phase of Brexit negotiations, which will officially take place in March 2019. Better macro data allowed to shift attention towards […]

BUY GOLD prices in London’s wholesale market erased the last of 2018’s previous 4.9% gain on Thursday, falling back near $1300 per ounce after new US inflation data came in stronger than analysts forecast.   The PCE measure of US consumer costs rose 1.7% in January from the same month last year, the Bureau of […]

The new Federal Reserve Chairman, Jerome Powell, has recently hinted that the Fed could raise interest rates more quickly this year, causing the U.S. Dollar to surge. The Fed is now projected to overtake the Reserve Bank of New Zealand (RBNZ), which currently has one of the highest interest rates at 1.5%, by year-end. Furthermore, […]

Here are the latest developments in global markets: Forex: Investors were in a sell mode against the Pound during early European afternoon as the cloud around the Brexit story was getting larger following May’s unexpected rejection of the legal draft Brexit treaty published yesterday. Pound/dollar crawled further down to touch a fresh six-week low at 1.3726 […]

Overview: Pivot point: 0.7231. The NZD/USD pair continues to move downwards from the level of 0.7336. This week, the pair fell from the level of 0.7336 to the bottom around 0.7230. Today, the first resistance level is seen at 0.7256 followed by 0.7336, while daily support 1 is found at 0.7200. Also, the level of […]

Overview: The USD/CHF pair will continue rising from the level of 0.9342 in the long term. It should be noted that the support is established at the level of 0.9438 which represents the daily pivot point on the H4 chart. Accordingly, the USD/CHF pair is showing signs of strength following a breakout of the highest […]

BITCOIN (BTC) has been trading sideways around the price of $10.656. While private businesses all over the world struggle with employees so much as possessing cryptocurrency, the US Commodity Futures Trading Commission (CFTC) has reportedly given the full go-ahead to its employees trading crypto. The technical picture looks neutral to bullish. Trading recommendations: According to […]

The EURGBP pair has recovered somewhat from its most recent drop lower and found support at 0.87714. It has formed a red supportive trend line with three touches and rallied back into the top half of the range. Support closer to the current price level is found at 0.88477 and the 100 DMA. The 50 […]

Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated upcoming bearish reversal. As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why, further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident signs of […]

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. […]

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. […]

EUR/JPY Price has shed over 130 pips this week, after reaching an initial weekly high of 132.15, thus upholding the current Bearish Confirmation Pattern in the 4-hour chart. The demand zones at 130.00 and 129.50 are being tested. The more price journeys southwards, the more the probability of a strong reversal in the market, which […]

EUR/JPY Price has shed over 130 pips this week, after reaching an initial weekly high of 132.15, thus upholding the current Bearish Confirmation Pattern in the 4-hour chart. The demand zones at 130.00 and 129.50 are being tested. The more price journeys southwards, the more the probability of a strong reversal in the market, which […]

USD/JPY The pair is clearly neutral in the short-term. There are demand levels at 106.50, 106.00, and 105.50, which would impede bearish movements and they would eventually help bring about a bullish reversal. A breakout is expected to happen any time and that could favor bulls, as the price tries to move upwards. When a […]

USD/JPY The pair is clearly neutral in the short-term. There are demand levels at 106.50, 106.00, and 105.50, which would impede bearish movements and they would eventually help bring about a bullish reversal. A breakout is expected to happen any time and that could favor bulls, as the price tries to move upwards. When a […]

USD/CHF Price has started moving upwards in a predictable manner, and it is now above the support levels at 0.9400 and 0.9450, targeting the resistance levels at 0.9500 and 0.9550 (which are the initial targets). Further upwards movement is expected – happening irrespective of occasional pullbacks in the market. The EMA 11 is above the […]

USD/CHF Price has started moving upwards in a predictable manner, and it is now above the support levels at 0.9400 and 0.9450, targeting the resistance levels at 0.9500 and 0.9550 (which are the initial targets). Further upwards movement is expected – happening irrespective of occasional pullbacks in the market. The EMA 11 is above the […]

Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.2179. According to the 1H time frame, I found that price is trading inside of the downward channel, which is a sign that sellers are in control. I also found a series of lower lows and lower highs, […]

Recently, GOLD has been trading downwards. As I expected, the price tested the level of $1,310.57 and met my first objective target. According to the 30M time frame, I found that price has broken the bearish flag pattern and support at the price of $1,313.50, which is a sign that sellers are in control. I […]

This is the Dukascopy Spike Controller for Thursday. As usual, we`ll provide you with the benchmark interbank price data for the 3 non-cross majors. Euro/Dollar’s long term average spread is point 32 pips and peak separation has been 1.4 pips. Gradual decline of point 41% has defined the daily high and low difference of 50 […]

This is the Dukascopy Spike Controller for Thursday. As usual, we`ll provide you with the benchmark interbank price data for the 3 non-cross majors. Euro/Dollar’s long term average spread is point 32 pips and peak separation has been 1.4 pips. Gradual decline of point 41% has defined the daily high and low difference of 50 […]

Canada will see the release of Q4 2017 as well as December GDP figures on Friday at 1330 GMT. Quarterly annualized growth figures are projected to show an improvement after Q3’s slump in economic activity, while monthly figures are anticipated to show that expansion eased during the last month of the year. Market participants may […]

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