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 1.2050-1.2100 (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 Dollar index remains in a bearish trend as it continues to trade below the 4-hour Kumo. Price continues to challenge the 4-hour Kumo (cloud) resistance but so far buyers are not strong enough to provide a reversal signal yet. Black rectangle – resistance Red lines – bearish channel The Dollar index is trading below […]

GOLD price got rejected last week at the upper cloud boundary in the 4-hour chart. Price is vulnerable to a push lower towards $1,310-$1,300 over the coming days. An important top has been made in Gold and the pullback has started. Black rectangle – resistance Green rectangle – support Gold price has broken below the […]

Trading plan 05.02.2018 The general picture: A week without important news. The main news in the beginning of the year came out: the Fed and the ECB held meetings and the monetary policy was determined until March. There was a report from the U.S. on employment indicating the U.S. economy is doing well. The question: […]

Equities are once again down this morning after a hard sell-off last week, in stark contrast to the recent run higher. The NFP report had little impact on stocks but affected the USD, sending GBPUSD lower from 1.42157 to test the 1.41000 support area. Fed Chair Janet Yellen was out with comments over the weekend […]

EURUSD posted a strong positive January while this month started with downside pressure. The US dollar strength drove the pair lower on Friday and failed to hit again the three-year high of 1.2540. The short-term technical indicators are flat and point to more weakness in the market. Having a look on the daily timeframe, the […]

All our targets which we predicted in previous analysis have been hit. The pair is still expected to trade with a bullish outlook. The pair remains in a consolidation phase initiated at a high of 110.47 seen last Friday (February 2). Currently, it has crossed below the 20-period moving average while seeking support from the […]

USD/CHF is expected to trade with a bullish outlook. The pair posted a rebound and broke above its 20-period moving average after hitting the rising 50-period moving average. The relative strength index is above its neutrality level at 50 and lacks downward momentum. The U.S. Labor Department reported that the U.S. economy added 200,000 jobs […]

GBP/JPY is under pressure. The pair retreated from 156.60 and broke below its 20-period and 50-period moving averages. In addition, the 20-period moving average is turning down. The relative strength index is capped by a declining trend line since February 2. Therefore, below 156, look for a further decline with targets at 156.650 and 157 […]

All our downside targets which we predicted in previous analysis have been hit. NZD/USD is expected to move further down. The pair broke below the lower boundary of Bollinger Bands after opening with a bearish gap, which indicated the acceleration on the downside. Both declining 20-period and 50-period moving averages should push the prices lower. […]

The US employment report showed the country is heading towards full employment, so let’s take a look at the influence of this and other publications on the FX markets. Ozzy Dollar was moving gradually lower against the Buck for most of the session and the pair plummeted further after 1:30 PM to post the day’s […]

Morning Report: 07.00 London This morning, the US dollar is slipping back, but still remains in the driving seat after Friday’s rally. Friday saw a surge in interest for the dollar on better than expected Payroll data and bond yields. Speculation is now turning to the next rate hike as stock markets tumble. The AUD/USD […]

Wave summary: EUR/NZD has rallied nicely, and more upside is expected after a minor corrective set-back close to 1.6965 from where the next impulsive rally towards 1.7360 on the way higher to 1.7490 and 1.7777 should be launched. R3: 1.7202 R2: 1.7147 R1: 1.7101 Pivot: 1.7054 S1: 1.7020 S2: 1.6998 S3: 1.6965 Trading recommendation: We […]

Wave summary: We have seen the expected rally to 137.37 (the high has been seen at 137.50). This is more than enough to fulfill the target for the wave (D), and we should expect the wave (E) to take over for a decline to 123.43 anytime now. A break below minor support at 136.64 will […]

EUR/USD: This pair consolidated last week, although bulls were able to pull their weight, thus saving the bullish bias that is extant in the market. A rise in volatility is expected this week, which could propel the market towards the resistance lines at 1.2500 and 1.2550. Pullbacks in the market may be contained around the […]

When the European market opens, some Economic Data will be released such as Retail Sales m/m, Sentix Investor Confidence, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release the Economic Data too, such as Loan Officer Survey, Mortgage Delinquencies, ISM Non-Manufacturing PMI, […]

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as Loan Officer Survey, Mortgage Delinquencies, ISM Non-Manufacturing PMI, and Final Services PMI. 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: […]

The USD NFP gave a boost to the US Dollar Index across the board and it helped to reach the 200 SMA at the H1 chart. The level of 89.36 should be pierced in order to allow gains toward the 90.63 level and such move could strengthen the bullish scenario for the short-term. To the […]

The pair is struggling to consolidate the price action above the resistance level of 1.4280 and it seems that the 200 SMA could act, once again, as a dynamic support. If that happens, GBP/USD could resume the overall bullish bias and can skyrocket towards the 1.4393 level. MACD indicator remains in the negative territory, calling […]

The pace of employment growth in January exceeded analysts’ expectations. As published from the report of the Ministry of Labor in January, 200 thousand jobs were created. In addition, data for the month of December were revised upwards from 148 thousand to 160 thousand while the unemployment rate remained unchanged at 4.1%. However, what’s even […]

Eurozone The Euro finally has a driver to stop growth – inflation expectations in the eurozone are falling behind the US, which allows the bears to seize the initiative, as expectations on the aggressive policy of the ECB may somewhat weaken. The euro has been growing steadily for several weeks, as it received strong support […]

For the first time since late December, we’ve finally had a week where the U.S. dollar did not decline. The Dollar Index ended the last week of January marginally higher after losing as much as 6% of its value over a 7-week period. All of the major currencies were hit by profit taking with the […]

For the first time since late December, we’ve finally had a week where the U.S. dollar did not decline. The Dollar Index ended the last week of January marginally higher after losing as much as 6% of its value over a 7-week period. All of the major currencies were hit by profit taking with the […]

For the first time since late December, we’ve finally had a week where the U.S. dollar did not decline. The Dollar Index ended the last week of January marginally higher after losing as much as 6% of its value over a 7-week period. All of the major currencies were hit by profit taking with the […]