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. […]

Our first upside target which we predicted in yesterday’s analysis has been hit. The pair turned bearish as the prices broke below the rising trend line. The downward momentum is further reinforced by both declining 20-period and 50-period moving averages. The relative strength index is calling for a drop. Therefore, below 154.45, look for a […]

Morning Report: 07.00 London This morning, the dollar index is on the back foot after a muted reaction to Trump’s state of the union speech. This has been good news for the NZD/USD which is powering higher this morning. This comes despite the AUD/USD lagging, with heavier selling this morning that is reversing as we […]

End of an Era at the Federal Reserve. Today is an interesting day for Federal Reserve watchers. Today, Janet Yellen will issue her final statement as the Federal Reserve chair. To many people, it is a sad day but to others, it is the new norm. In 2014, Barrack Obama appointed Yellen to the prestigious […]

GBP/USD Technical Analysis: Focus Turns to the Fed. Yesterday, the cable rose despite a leaked document that showed the U.K’s economy will negatively be affected by Brexit. Perhaps, this happened because to investors, this was not actually news. This month, the Pound has continued its climb against the dollar. It has risen from a low […]

USD/CAD has been quite impulsive with declines today after certain indecision and correction below 1.24 price area. Despite recent upbeat economic reports, USD failed to sustain the gain over CAD which indicates severe weakness of USD in the coming days. Moreover, President Trump spoke recently about a tax rate reduction, so his speech is expected […]

The trading plan 01/31/2018 The general picture: There is a corrective mood in the market. The long-awaited correction began in the US stock market. This was triggered perhaps by too rigid statements of Trump addressed to China during the annual speech in Congress. Yet, China is a very important “partner” for the U.S. economy, unlike […]

The American government institute found in official research on cryptocurrency that BITCOIN Cash is the original Bitcoin, while Bitcoin itself is a fork. In the document entitled “Blockchain Technology Overview” at the National Institute of Standards and Technology at the US Department of Commerce, the authors Dylan Yaga, Peter Mell, Nik Roby, and Karen Scarfone […]

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

Here are the latest developments in global markets: Forex: The dollar index continued to retreat on Wednesday, trading 0.2% lower ahead of the FOMC policy decision later in the day. STOCKS: Japanese markets were on the defensive, with the Nikkei 225 and the Topix Indices falling 0.8% and 1.2% respectively, as the recent surge in bond […]

Donald Trump’s overnight statement did not ensure a solid reshuffling of the sentiment on the currency market. The New Zealand Dollar is the strongest currency, which, due to data coming from China and Australia, places the NZD / USD rate around 0.7380. In his shadow, there is a Pound sterling (0.4%) with a notable indication […]

The Dollar index remains in a bearish trend. Price got rejected at 89.60. Price is mainly moving sideways between 89.60 and 88.50. The Dollar index will most probably make a new lower low towards 88-87.50, but I believe this low should be faded. The FOMC tonight could give the Dollar index the final push lower. […]

GOLD price remains near the monthly highs. Price got rejected at the long-term resistance of $1,350 however there is no confirmed reversal here yet. A rejection at the long-term resistance could start a new downward move back below $1,300, if however price manages to recapture the $1,350-55 level, we should expect the resumption of the […]

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

This March, XM will return to Latin America, where we look forward to reconnecting with our clients and to welcoming prospective clients to a seminar series on the use of swing trading techniques. The seminar titled Avramis Swing Trading Techniques will be presented by Tradepedia in various cities in Mexico and Colombia between 3rd and […]

AUDUSD retreated over the previous two days, following the bounce off the 32-month high of 0.8135. Looking on the medium-term timeframe, the pair has been in bullish phase since January 2016, supported by higher bottoms and higher peaks. Despite the small retracement on the short-term chart, the price still endorses the sharp upward movement as it hit the 0.7500 […]

Overview: Pivot point: 0.9333. The USD/CHF pair continues to trade downwards from the level of 0.9377 this week. The price of 0.9377 represents the first resistance on the H1 chart. The pair fell from the level of 0.9377 to the bottom around 0.9393. Today, the first resistance level is seen at 0.9377 followed by 0.9432, […]

Burning Forecast 01/31/2018 EURUSD: trade for a breakthrough. Today, the main event of the week is the decision of the Federal Reserve on Monetary Policy, at 18.00 London time. There may be surprises: the Fed’s tougher statement on inflation could cause a strong strengthening of the dollar (correctional, but strong). We prepare an order for […]

Overview: The NZD/USD pair didn’t make any significant movements yesterday. There are no changes to my technical outlook. The bias remains bullish in nearest term, testing 0.7557 or higher. The price is set at the pivot point of 0.7391 currently. On the daily chart, the NZD/USD pair continued moving upwards from the level of 0.7260 […]

President Donald Trump delivered his first State of the Union Address last night from Capitol Hill. He said that he wants Congress to produce legislation that generates at least $1.5 trillion for new infrastructure investment. Every federal dollar for infrastructure should be leveraged by partnering with state and local governments and tapping private sector investment. […]

Wave summary: EUR/NZD continues to follow the expected path to perfection. We expect that a minor support at 1.6803 will be able to protect the downside for a new impulsive rally above 1.6973 confirming more upside pressure towards 1.7065 on the way higher to 1.7360 and 1.7479. It will take an unexpected break below support […]

Wave summary: We continue to look for more downside pressure, but we must accept a short-term spike closer to 135.48, before the renewed pressure should take EUR/JPY lower to 134.10 on the way to 131.11 and longer term down to the ideal wave (E) target at 123.43. Only a break above 136.30 will question this […]

Futures for North Sea variety for the first time in the last six days has fallen below $69 per barrel. A number of bullish news, including Saudi Arabia’s lack of concern over the growth of US shale mining and Riyadh’s announcement of a long-term (“for decades and whole generations”) cooperation with Russia, could not stop […]

When the European market opens, some Economic Data will be released such as Unemployment Rate, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, German Unemployment Change, Spanish Flash CPI y/y, French Prelim CPI m/m, and German Retail Sales m/m. The US will release the Economic Data too, such as Federal […]

In Asia, Japan will release the Housing Starts y/y, Consumer Confidence, Prelim Industrial Production m/m and BOJ Summary of Opinions data, and the US will release some Economic Data such as Federal Funds Rate, Crude Oil Inventories, Pending Home Sales m/m, Chicago PMI, Employment Cost Index q/q, and ADP Non-Farm Employment Change. So, there is […]