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. […]

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 […]

EURGBP has transitioned from trading in a channel higher, to trading in a sideways range. Resistance in the area around 0.89240 has been confirmed, leading to a selloff down below the moving average cluster in the 4-Hour chart. The 0.88595 support area has been breached today and for now, the 0.88477 level is holding. A […]

The BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $9.622. A national petition against extreme cryptocurrency regulations in South Korea has exceeded 200,000 signatures, the requirement for the government to respond. The petition entitled “Has the government ever dreamed a happy dream for the people?” was filed on […]

AUD/USD has been non-volatile and impulsive with the bullish gains for a while. Despite having mixed economy reports AUD has been sustaining the gaining very well since the Employment Change report showed a positive increase last month. Today AUD Westpac Consumer Sentiment report was published where it showed a decrease to 1.8% from the previous […]

Recently, GOLD has been trading sideways at the price of $1,337.00. According to the 30M time – frame, I found that price rejected of the pivot support at $1,332.00, which is a sign that selling looks risky. I also found positive readings on MACD oscillator, which is another sign of strength. Short-term trend is still […]

The GBPUSD pair has rallied strongly to trade above 1.38 especially against a weak US dollar. This has been encouraged by positive Brexit news, with Dutch and Spanish officials making it known last week that they would like a soft Brexit. Yesterday, European Council president Donald Tusk said, in his usual poetic manner, that Europeans’ […]

Here are the latest developments in global markets: Forex: The US currency remained in the green versus a basket of currencies, while it is of note it managed to rebound after touching its lowest since December 2014 earlier on Wednesday. The dollar index was last up by 0.35% at 90.70. STOCKS: Most European bourses were […]

Recently, the GBP/USD pair has been trading sideways at the price of 1.3803. According to the 15M time – frame, I found that price rejected of the pivot support at 1.3753, which is a sign that selling looks risky. I also found positive readings on MACD oscillator, which is another sign of strength. My advice […]

USD/CAD has been quite indecisive recently after breaking below the 1.2450 event level. CAD has been dominating USD for a while now which is expected to continue further in the coming days due to recent USD economic weakness being observed. Today CAD Overnight Rate report is going to be published which is expected to increase […]

AUDCAD surged to a fresh almost 5-month high during today’s European session above the strong psychological level of 0.9900. The price headed for a test of the 0.9915 barrier and successfully surpassed it confirming the recent scenario for further gains. In addition, the pair jumped above the downward sloping channel, which has holding since May 2017 and […]

Australia’s employment report for December is likely to attract attention and is scheduled for release on Thursday at 0030 GMT. The unemployment rate is forecasted to remain unchanged at 5.4% for the month of December, while the employment change is expected to show that the economy added 9000 jobs, much less from the previous month. Meanwhile, the participation […]

EURJPY is in a neutral phase after the recent rally off the 113 area was exhausted and found strong resistance at the key 136 level. Short term price action is expected to continue sideways if the market fails to break out of the current consolidation range very soon. Looking at the 4-hour chart, the RSI […]

The decision of the Bank of Canada will be published today at 03:00 pm GMT. Market participants expect the BoC to hike the interest rate from 1.00% to 1.25%. Together with the decision, the Monetary Policy Report will be published with the update of economic forecasts called BOC Monetary Policy Report. At 04:15 pm GMT, […]

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

Keep your broker accountable and compare their price feed with the benchmark interbank price data provided to you by the Dukascopy Spike Controller. Euro/Dollar’s long term average spread is point 3 pips and peak separation has been 3.9 pips. The biggest move was an increase of more than 1% or 128 pips, but most of […]

Keep your broker accountable and compare their price feed with the benchmark interbank price data provided to you by the Dukascopy Spike Controller. Euro/Dollar’s long term average spread is point 3 pips and peak separation has been 3.9 pips. The biggest move was an increase of more than 1% or 128 pips, but most of […]

The Kiwi continued its upward trend against the dollar yesterday. The pair crossed the major psychological and technical level of 0.73 before ending the day slightly lower. The surge marked the sixth consecutive week of gains which started in November. As shown, the pair reached the lowest yearly level in November when it touched the […]

Today, at 3PM GMT, the Bank of Canada will release its first interest rate decision of the year. To traders, investors, and Canadians, this decision will be vital. As you recall, before the financial crisis of 2008/09, the base interest rate in Canada was 4%. Within and after the crisis, the BoC started providing support […]

Here are the latest developments in global markets: Forex: The dollar – as gauged relative to six other currencies – is on the rise after recording its lowest since late 2014 earlier on Wednesday. The Euro retreated after climbing above $1.23. STOCKS: The Japanese Nikkei 225 and Topix Indices lost 0.35% and 0.2% respectively after […]

Trading plan 01/17/2018 The general picture: The market is adjusted for correction. By the morning of Wednesday, the market was in a corrective mood. In the US market, the mad euphoria of bulls has finally dried up and the main Indices showed the first decline this year. The BITCOIN has drifted down significantly in recent […]

EURUSD: The correction started, but the trend is not canceled.In the morning on Wednesday, correction began after growth on the EURUSD exchange rate.The price has broken past the highs and pulled back, removing close stops.Thus, there is a correction – but the upward trend has not been canceled yet.In the evening at 6:00 PM there […]

The Dollar index is showing reversal signs. Although it made a new low at 90.12 yesterday, it is now trying to break above yesterday highs. Short-term trend remains bearish and so far we consider this bounce as a corrective one and not a bigger reversal. Blue line – resistance The Dollar index has short-term resistance […]

GOLD price has pulled back from its recent highs at $1,344 as the bearish divergence signs suggested it would. It now remains to be seen how deep this pull back will be. Short-term trend remains bullish as long as price is above $1,309. Red lines – bearish divergence signs Green line – support Short-term support […]

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