Overview GOLD price begins today’s trading with a calm bullish bias after retesting the previously breached resistance of the bullish flag pattern. This price action supports our bullish outlook for the short term. We believe that the way is open to visit 1,357.50 that represents our next main target. Therefore, we are waiting for more […]

Overview The tight range is setting the tone for trading Silver. The metal is trading around 17.00 level. Please note that stochastic begins to overlap positively on the daily time frame. We are waiting until the price gains momenrum to resume the bullish trend. Targets are set by testing 17.43 level. Therefore, we are keeping […]

The morning session is over on this Tuesday, so let’s see how things are shaping up for the market players. Euro/Dollar moved gradually lower, but most of the loss was wiped out by a following rise. Traded volume is average and neutral sentiment of the traders is 9% long. Both sides have had their profit […]

Optimistic forecasts of the IMF and the unwillingness of the US dollar to strengthen in response to the positive news about extending the US government’s funding until February 8 allowed the bulls of Brent and WTI to return the initiative. Prior to this, the market was actively discussing the forecasts of the International Energy Agency […]

Wednesday brings the latest updates on services and manufacturing, so let’s take a closer look with the Economic Calendar. Preliminary January PMIs from several Euro Zone countries will be available first thing in the morning, starting with the French data at 8. German Indices follow 30 minutes later, and the data for the entire currency […]

The European Central Bank holds a two-day monetary policy meeting this week with its first policy decision of the year due at 12:45 GMT on Thursday. Following surprisingly hawkish minutes of the December meeting and a series of data beats, expectations have risen that the ECB will end its asset purchase program (APP) when the […]

BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $10.223. Hydro-Quebec, the largest state-owned utility in Canada, appears unable to meet the electricity demand from cryptocurrency miners seeking to establish operations in the energy-rich province. The announcement comes just weeks after the company sought to entice virtual currency miners […]

Recently, the GBP/USD pair has been trading sideways at the price of 1.3948. According to the 15M time – frame, I found that price has broken the upward trendline in the background, which is a sign that buying looks risky. The pivot point at the price of 1.3945 got broken, which is another sign of […]

Make sure you get the best deals from your broker and check their price feed with the Dukascopy Spike Controller. Euro/Dollar’s long term average and maximum spreads are point 3 and 1.3 pips respectively. Rate has been mostly moving sideways – daily high and low difference of 53 pips was posted as the pair declined […]

Without a doubt, Crude Oil is the most important commodity in the world. Without it, other Commodities would be difficult to produce on a large scale. For example, it would be impossible to cultivate corn, cotton, and wheat on large scale without using the large diesel-powered machines. Because of the large demand and constrained supply, […]

BITCOIN is likely to cost over $ 50,000 in 2018, according to a mathematical study by Xoel Lopez Barat. A Spanish analyst and scientist have calculated that Bitcoin is expected to reach $ 55,530 by the end of this year. On the other hand, the probability that the largest cryptocurrency will be equal or less […]

Neither the Bank of Japan’s decision nor the previous announcement of the end of the government shutdown in the US failed to break the currency market out of the sluggishness. Only AUD dropped significantly, which may be justified by declines in iron ore prices. The stock market is green, Oil reflects on improving the outlook […]

Overview : The NZD/USD pair continues to move upwards from the level of 0.7290 (78.6% of Fibonacci retracement levels). The pair rose from the level of 0.7290 to 0.7314. Today, resistance is seen at the levels of 0.7331 and 0.7355. However, the support levels are seen at 0.7290 and 0.7258. So, we expect the price […]

In June 2015, when Trump announced he would be running for presidency, many people wrote him off. To them, he was just another showman seeking to promote his brand. He had tried it a couple of times before. In his first speech at Trump Tower, he talked about many things but only the immigration issue […]

Here are the latest developments in global markets: Forex: The US dollar index traded slightly higher on Tuesday, in the aftermath of Congress voting for a temporary funding bill, thereby ending the US government’s partial shutdown. STOCKS: Equities were in the green across the board. Japanese markets skyrocketed, with the Nikkei 225 and the Topix closing […]

Here are the latest developments in global markets: Forex: The US dollar index traded slightly higher on Tuesday, in the aftermath of Congress voting for a temporary funding bill, thereby ending the US government’s partial shutdown. STOCKS: Equities were in the green across the board. Japanese markets skyrocketed, with the Nikkei 225 and the Topix closing […]

Overview: The USD/CHF pair continues to move downwards from the zone of 0.9644 and 0.9600. The pair dropped from the level of 0.9644 to 0.9600. Today, resistance is seen at the levels of 0.9708 and 0.9759. So, we expect the price to set below the strong resistance at the levels of 0.9708 and 0.9759; because […]

The Dollar index remains in a medium-term bearish trend with possible target 88.50-89. Recent price action, however, is neutral as the price is trading inside a trading range between 90 and 91. Black rectangle- resistance Green rectangle – support The Dollar index is still below the 4-hour cloud. The trend remains bearish. Support is at […]

The GOLD price has respected support at $1,325-30 and is moving towards the $1,345 previous highs resistance. The trend remains bullish as the price is above the Ichimoku cloud. Red lines – bearish divergence sign Short-term support is at $1,328 and resistance at $1,340. Price is trading above the Kumo (cloud) and has also crossed […]

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

These are Tuesday’s Main Daily Trading Signals. Here’s how the interbank compares with technicals at 8 AM GMT. All three time ranges bring different results for the Euro/Dollar, which is mostly bearish in the short-term. The mid-term brings 6 neutral signals, and the long-term turns bullish with 4 models, matching the more than 48% long […]

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GBPUSD surged to a fresh 19-month high during today’s Asian session and hit the strong psychological level of 1.4000. The bullish strength remains intact as the price climbed higher on Monday and successfully surpassed the significant obstacle of 1.3940. The price is developing above its short-term ascending trend line, which has been holding since March 2017. Short-term momentum indicators […]

EUR/USD has been quite indecisive this week having started with a Gap yesterday and bearish pressure sustaining along the way. The indecision on this pair is speculated due to neutral results of Euro group meeting and German Buba Monthly report which failed to provide enough evidence to gain over USD yesterday. On the Ahead of […]

When the European market opens, some Economic Data will be released such as Consumer Confidence, ZEW Economic Sentiment, and German ZEW Economic Sentiment. The US will release the Economic Data too, such as Richmond Manufacturing Index, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: […]