Burning Forecast 19/12/2017 EURUSD: Trade for a breakout of the range. Monday did not bring important news to the market. Important news is expected on Thursday-Friday (data on the US economy and inflation). Currencies predictably form ranges before the movement begins. Trade on Monday fully confirmed the actual range limits – we are preparing for […]

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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 was slightly lower versus a basket of currencies as trading conditions were getting thinner ahead of the holiday period and attention remained on the tax story in the US. The antipodeans kept edging higher versus the greenback though their gains were subdued on a […]

USD/JPY is expected to trade with bearish outlook as Key resistance at 113.00. The pair is rebounding from a low of 112.29 seen yesterday (December 18) but remains capped by the key resistance at 113.00. Currently, the pair is trading at levels around the 50-period moving average. The relative strength index stands above the neutrality […]

Morning Report: 07.00 London This morning, the dollar index is further eating into Friday’s gains, extending the indifferent run seen since the start of the month. The dollar pairs are higher this morning, but most are stuck within chopping trading ranges. The NZD/USD and AUD/USD are showing the strongest short terms trends, rising clearly off […]

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. Bullish signals prevail on Euro/Dollar’s 1 and 4-hour charts, but the 24-hour scale turns neutral with 5 studies, and it is confirmed by the less than 9% long interbank. All three time ranges bring different […]

One way for traders to succeed is to focus on less-focused assets. Cocoa is one of them. Regularly, you will never find any news on Cocoa in major publications like Wall Street Journal, Bloomberg, and Financial Times. Cocoa is a commodity mostly supplied by West African countries of Ghana and Ivory Coast. Its global demand […]

Our first target which we predicted in yesterday’s analysis has been hit. USD/CHF is Under pressure. The pair is trading below its declining 20-period and 50-period moving averages, which play resistance roles and maintain the downside bias. The relative strength index is bearish and calls for a further drop. The U.S. dollar gave up some […]

USD is “treading water” ahead of the expected enactment of President Trump’s tax bill. The initial euphoria of lower corporation tax, that many believed would see a repatriation of USD back into the US has begun to come into doubt. With the bill likely to be passed into law before the end of the year, […]

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar is trading in the range limited by R1 of 1 18 and S1 of 1 1770. Standing at a 100 day moving average, R1 is well confirmed with 11 models. R3 counts Price Channel Indicator Upper Line […]

GBPUSD maintains a neutral stance both in the short and medium term.  The recent one-month uptrend that took the pair to 1.3550 in early December has reversed lower but prices managed to stay above the 50-day moving average. Downward pressure has eased and a strong support zone has formed around the key 1.3300 level and the […]

GBP/JPY is expected to trade with Bullish bias above 149.85. Despite the recent pullback from 149.85, the pair is still trading above the key support at 132.45, which should maintain the buying interest. The relative strength index lacks downward momentum. To conclude, as long as 149.85 holds on the downside, look for a rebound to […]

NZD/USD is under pressure below the key resistance at 0.7015, which limit the upside potential. The 20-period moving average is turning down. The relative strength index is bearish and calls for a further downside. Therefore, as long as 0.7015 is not surpassed, look for a new test with targets at 0.6975 and 0.6960 in extension. […]

Wave summary: EUR/NZD likely bottomed at 1.6744, just above the expected target at 1.6720. Short-term a break above minor resistance at 1.6939 and more importantly a break above 1.6965 is needed to confirm that wave (iv) has completed and wave (v) higher towards 1.7770 is developing. As long as resistance at 1.6965 is able to […]

Wave summary: EUR/JPY is back testing the broken minor support-line, which now acts as resistance. This former support, now resistance, is expected to cap the upside for more downside pressure towards the pivot point at 131.14, which needs to be broken to confirm that wave (D) completed at 134.50 and wave (E) now is developing […]

When the European market opens, some Economic Data will be released, such as German Ifo Business Climate. The US will release the Economic Data, too, such as Housing Starts, Current Account, and Building Permits, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY […]

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as Housing Starts, Current Account, and Building Permits. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.18. Resistance. 2: 112.96. Resistance. 1: […]

GBP/USD has been very volatile recently residing above the 1.33 support area. Last week GBP gained some momentum having unchanged Official Bank Rate at 0.50% as expected whereas USD was struggling to provide sufficient push with an increased interest rate to 1.50% from the previous value of 1.25%. Despite the political and economic issues GBP […]

The price has tested our major resistance area and is dropping nicely. We remain bearish looking to sell below major resistance at 0.7055 (Fibonacci retracement, horizontal overlap resistance, resistance area) and we’re expecting a drop from this level towards 0.6822 support (Fibonacci retracement, horizontal swing low support. Stochastic (34,3,1) is seeing resistance at our 97% […]

BITCOIN (BTC) has been trading upwards. As I expected, the price tested the level of $19,468. French Finance Minister Bruno Le Maire announced on Sunday December 17th that the next Group of 20 (G20) meeting would include discussion about how to regulate the world’s most popular cryptocurrency, bitcoin. The digital asset hasn’t ceased in making […]

Recently, the USD/JPY pair has been trading sideways around price of 112.51. According to the 30M time – frame, I found a breakout of the supply trendline in the background, which is a sign that selling looks risky. I also found successful re-test of the supply trendline and rejection from Fibonacci retracement 61.8% at the […]

Technical outlook: The EUR/USD pair is again preparing to drop lower till prices remain below 1.1960 levels going forward. The pair has reversed lower from 1.1860 levels last week, which is also the fibonacci 0.618 resistance of wave (2) as labelled here. Ideally the pair should be continuing its bearish outlook towards printing lower lows […]

Overview: The EUR/USD pair continues to move downwards from the level of 1.1817. The pair dropped from the level of 1.1817 to the bottom around 1.1729. But the pair has rebounded from the bottom of 1.1729 to set around the spot of 1.1793 now. Today, the first support level is seen at 1.1756, the price […]

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1798. According to the 15M time – frame, I found successful rejection from pivot resistance 1 at the price of 1.1792. I also found a hidden bearish divergence on the stochastic oscillator, which is sign that buying looks risky. Resistance levels: […]

Overview: The GBP/USD pair is still trading upwards above the levels of 1.3017 and 1.3203. The first support level is currently seen at 1.3017. The trend is still set above the level of 1.3017 and 1.3203 for that the price is moving in a bullish channel now. Furthermore, the price has been set above the […]