Trading plan 01/10/2018 General picture: The market is looking for direction. The beginning of the year showed corrective movements: the Euro is trying to fall, the Yen is strengthening, the franc is weakening. Friday will be an important day- US inflation, the first important data for the current year, will be published. Meanwhile, the euro […]

USD/CAD has breached above 1.2450 price area recently having the recent price action as a false break. CAD has been putting pressure on USD recently amid the positive employment reports last week whereas USD was struggling due to the mixed economic reports. Today, Canada’s Building Permits report is going to be published which expected to […]

EUR/USD: There is a bearish signal on the EUR/USD pair, due to the perpetual bearish movement that has been witnessed on the market. The EMA 11 has crossed the EMA 56 to the downside, and the William’s % Range period 20 is in the oversold territory. More and more bearish movement is anticipated. USD/CHF: There […]

EUR/JPY has been quite impulsive with the bearish pressure recently which lead the price to fall back from the 136.70 price area to 134.00 support area. JPY has been quite impulsive with its gains recently due to positive economic reports published this week. Recently Japan’s Average Cash Earnings report was published with a significant increase […]

GBP/USD has been quite volatile and corrective recently forming a squeeze towards the resistance level of 1.3610. GBP has been the dominant currency in the pair but recently USD has been quite successful with its pressure to restrict further bullish momentum in this pair. This week, GBP has been quite negative with the economic reports […]

Wave summary: EUR/NZD has tested a low of 1.6587, just above our ideal target seen at 1.6571. This could be enough to fulfill the expected downside target and complete wave (ii). If this is the case, we will likely see minor support at 1.6595 protect the downside for a break above minor resistance at 1.6708 […]

Wave summary: The decline from 136.64 has been strong and the pair is already testing the support at 133.89. A clear break below here will point lower to 132.21 as the next downside target. EUR/JPY will move lower as long as it stays below 134.58, while a break above this minor resistance will indicate that […]

When the European market opens, some Economic Data will be released such as the German 10-y Bond Auction and the French industrial production m/m. The US will also hold the 10-y Bond Auction and unveil some economic reports such as the Crude Oil inventories, final wholesale inventories m/m, and import prices m/m. So, amid the […]

In Asia, Japan will have the 10-y Bond Auction. The US will also hold the 10-y Bond Auction and release some economic data such as the Crude Oil inventories, the final wholesale inventories m/m, and import prices m/m . So there is a probability that the USD/JPY pair will move with low to medium volatility […]

NZD/USD is starting to drop nicely below our major resistance at 0.7188 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and we expect the price to move down to at least 0.7041 support (Fibonacci retracement, horizontal pullback support). However, we are also in a bullish ascending channel and are testing the main channel support. Only a […]

AUD/USD has finally broken our ascending support line, triggering a strong bearish drop from here as expected. We look to sell on strength below major resistance at 0.7885 (61.8% Fibonacci retracement, horizontal swing high resistance, bearish divergence) for a drop to at least 0.7696 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,3,1) is also testing […]

Frosts in the northeastern United States, the continuing decline in US Oil reserves, the anti-government strikes in Iran, the high level of compliance with contractual obligations by OPEC members, and the weakness of the dollar pushed the quotations of Brent and WTI to the area of three-year highs. However, some of black GOLD‘s advantages, in […]

Morning Report: 07.00 London This morning the Yen is on the rise, with all yen pairs experiencing significant selling on reports that the BoJ may exit from its stimulus programme. The USD/JPY is leading the losers, while the EUR/JPY is set for three days of heavy losses. The AUD/JPY has now reversed much of last […]

Good morning, traders, you’re watching the Main Daily Trading Signals for Wednesday. Euro/Dollar has 5 neutral models in the short-term. The mid-term is mostly bearish, and the long-term is back to neutral, but, in contrast, the interbank is bullish at more than 18% long. Bearish signals prevail on the Cable’s 1 and 4-hour charts. The […]

On 24 February 2018, XM returns to Manila, Philippines, with a free seminar offered to online investors on CFD (Contracts for Difference) trading techniques. Though not for the first time in the Philippines, the XM team accompanying event presenter Jonathan Lou Reyes are very much looking forward to welcoming existing and prospective clients to the […]

AUDUSD is neutral in the short term after a strong rally pushed the market to overbought conditions and consequently upside momentum faded. AUDUSD remains under corrective pressure after failing to breach the key 0.7900 level but came close to it last week. The second bullish phase that started after the break above the 200-day moving […]

Recently, the USD/JPY pair has been trading downwards. As I expected, the price tested the level of 112.59. According to the 30M time frame, I found a breakout of upward trendline in the background, which is a sign that sellers are in control. I also found a hidden bearish divergence in the background, which is […]

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3513. Anyway, according to the 30M time frame, I found a fake breakout of yesterday’s low at the price of 1.3523, which is a sign that selling looks risky. I also found a piercing pattern, which is another sign of strength. […]

Overview: The USD/CHF pair broke resistance which turned to strong support at the level of 0.9786 yesterday. The level of 0.9786 coincides with a golden ratio (38.2% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 70. The RSI is still […]

During the period 2012-2016 everyone was talking about the deflationary spiral in China, with those who are heavily dependent on Chinese imports blaming the world’s largest exporter for stealing inflationary pressures from them and therefore interrupting their monetary policy. But today, someone could say that China could be a gift for those who hope for […]

EUR/USD: The EUR/USD pair has gone downwards by 100 pips this week, and the price is below the resistance lines at 1.2000 and 1.1950. It is possible that the pair will go downwards by at least another 100 pips today or tomorrow. Therefore, the next targets would be the support lines at 1.1900 and 1.1850. […]

Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick bullish advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside. The recent bearish pullback was […]

It’s 3PM GMT so let’s see what’s been moving and shaking on the FX markets today. Swissie/Yen is the mover of the day as the pair has lost almost 1% in a sharp decline that has lasted through most of the session. Japanese consumer confidence slipped, but Yen tops the table as trading resumes in […]

JPMorgan Chase and rival Wells Fargo will be reporting Q4 2017 results before Wall Street’s opening bell on Friday. At the moment, the consensus recommendation for both banks is “hold”, with the average recommendation for the Banks peer group being a “buy”. Expectations are for JPMorgan’s quarterly earnings to stand at $1.68 per share according […]

NZDJPY climbed to a new three-month high of 81.29 during the Asian session and then lost some ground. The price has been moving within an upward sloping channel since December 2017 following the rebound on the 76.90 support level. From the technical point of view, in the short-term timeframe, the price found support around the mid-level of the Bollinger […]