When the European market opens, there is no Economic Data will be released just ECB President Mario Draghi Speaks. The US will release the New Home Sales, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.2351. Strong Resistance:1.2344. Original Resistance: 1.2332. […]

In Asia, today Japan will not release any Economic Data, but the US will release the New Home Sales data. So there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 107.11. Resistance. 2: 106.90. Resistance. 1: 106.69. Support. 1: 106.43. Support. 2: […]

EUR/JPY This cross has been going strong downwards since February 2, shedding 700 pips in the process. Nonetheless, the southwards journey will soon be over, as a strong rally is expected, which would eventually remove the current Bearish Confirmation Pattern in the market. The outlook on JPY pairs is bullish for this week, and for […]

USD/JPY The market was bearish in the long-term. A rally happened last week from Monday to Wednesday, but it was checked by the bearish correction that took place on Thursday and Friday. There are support levels at 106.50, 106.00 and ultimately at 105.50. Those support levels would impede bearish movements and they would eventually help […]

USD/CHF This pair is something that is often affected by whatever happens to the EUR/USD (in a negatively correlated manner). It tested the resistance level at 0.9400 on Thursday and then retraced a bit. The resistance level at 0.9400 could be tested again, and even another resistance level at 0.9450. In case, the EUR/USD rallies, […]

The price has made a nice pullback to our entry and we’re looking to buy above 1.2629 support (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 1.2909 resistance (Fibonacci extension, horizontal swing high resistance). We do have to keep an eye out for intermediate resistance at 1.2750 which price has already […]

We are seeing USDJPY for a nice reversal pattern and look to buy above 107.13 support (horizontal overlap support, bullish divergence) for a bounce up to at least 107.95 resistance (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is bouncing up nicely and also sees bullish divergence vs price, signaling that a recovery is […]

In the absence of significant macroeconomic news, the markets have retreated from the February lows and are trying to comprehend what happened – either a technical correction, or a fundamental collapse. Depending on the answer to this question, strategies for further action are developed that look appear in the opposite direction. If the decline is […]

Eurozone According to the macroeconomic studies published last week, the expansion period of the eurozone economy that lasted for at least two years is coming to an end. The evaluation of the ZEW Institute that showed a slowdown in growth rates was confirmed by other studies. All three PMI Markit Indices came in worse in […]

It was another good week for the U.S. dollar, which traded higher against all of the major currencies. The New Zealand dollar was hit the hardest by the greenback’s gains while sterling and the Japanese Yen ended the week unchanged. For once, stocks did not have a direct impact on currency movements as the DOW […]

It was another good week for the U.S. dollar, which traded higher against all of the major currencies. The New Zealand dollar was hit the hardest by the greenback’s gains while sterling and the Japanese Yen ended the week unchanged. For once, stocks did not have a direct impact on currency movements as the DOW […]

It was another good week for the U.S. dollar, which traded higher against all of the major currencies. The New Zealand dollar was hit the hardest by the greenback’s gains while sterling and the Japanese Yen ended the week unchanged. For once, stocks did not have a direct impact on currency movements as the DOW […]

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Economic data from Japan and the United States will comprise the bulk of next week’s releases. Australia, Canada, the Eurozone and the United Kingdom will also see important data releases. But the main focus will be on Fed Chair Jerome Powell’s first semi-annual testimony before Congress. Anxious market participants will be seeking clarity on Fed […]

EURJPY is heading lower over the last three weeks, following the pullback from the more than a 2-year high of 137.50. Prices managed to bounce up to the 133.00 handle on Wednesday but soon stepped back, falling to a fresh 3-month low of 131.22. The bearish picture in the short-term is further supported by the technical indicators. Looking at the […]

Silver has been trading in a triangle pattern on the daily timeframe, which has pinched price into a tighter range between 17.500 and 16.200. Price has dropped to the bottom half of this range below the moving averages. The market is now building energy while it remains undecided on what direction follow. Support can be […]

GBPJPY is currently paring some of Thursday’s losses but the last couple of hours it has been trading with weak momentum. Meanwhile, the price has been struggling below the 20- and 40-period simple moving averages in the short-term timeframe, which are near the 149.40 resistance level. From the technical point of view, the market could increase positive momentum in the short-term. In […]

The US 100 index has risen in the past two weeks, recovering more than half of the losses it posted in early February when it fell 12.5% over the period January 29 – February 9. During that period, the index collapsed from an all-time high of 7037, before it found support near the crossroads of […]

Inflation remains the main story as markets try to figure out just how high yields might climb. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and Forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is a […]

This week, the global financial markets continued to stabilize following weeks of increased turmoil. Here are some of the most important updates of the week. Cryptocurrencies This week, the cryptocurrencies market started positively. On Tuesday, the currencies reached a weekly high with BITCOIN reaching a high of $11,797. Since then, the currencies started going down […]

GOLD PRICES in the global wholesale center of London headed for the steepest 1-week drop of 2018 so far on Friday, holding a 1.7% loss against a stronger US Dollar as major government bond prices edged higher again from this month’s sharp sell-off, nudging interest rates down.   Failing to set a 4-year weekly closing high […]

The undecided behavior of the USD this week raises uncertainty among market participants. The USD has had a weak Thursday, a recovery during the night session in Asia and the return of troubles at the opening of Europe. In general, however, we do not move much in any direction. There is a lack of conviction […]

BITCOIN (BTC) has been trading sideways at the price of $10.050. The state of California has introduced a new bill that aims to recognize blockchain transactions, digital signatures, and smart contracts as a legal form of record. Assemblyman Ian Calderon introduced Assembly Bill 2658 on February 20 in order to re-define laws that apply to […]

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 […]

Recently, GOLD has been trading sideways at the price of $1,328.20. According to the 30M time frame, I found that the price is trading in the range between the support of $1,322.00 and the resistance $1,332.00. Gold is in the downward trend and my advice is to watch for selling opportunities with a potential target […]