CHI50 started a strong rally in the mid-May, flying to a two-year high – a breath below the 14,000 – key level on November 22. But since then, the index took a knock, sinking by almost 4.0% and falling below the 20-period exponential moving average (EMA) in the four-hour chart, painting a neutral picture in […]

GBPJPY is showing signs of weakness after falling below its 50-day moving average but the 2-month neutral trend remains intact. The market continues to consolidate in a range between 147 and 152 after pausing an uptrend at a high of 152.85 on September 21. RSI has fallen back below 50 into bearish territory, suggesting there is […]

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. […]

Overview: Currently price is seen at the point of 0.6772 on the H1 and H4 charts. The NZD/USD pair continues rising from the level of 0.6779 in the long term. It should be noted that the support is established at the level of 0.6779 which represents thedoule bottom on the H4 chart. The price is […]

Overview: The pivot point of USD/CHF pair is seen at the price pf 0.9831. The USD/CHF pair fell from the level of 0.9870 towards 0.9800. It should be noted that volatility is very high for that the USD/CHF pair is still moving between 0.9831 and 0.9783 in coming hours. Furthermore, the price has been set […]

AUD/JPY has been quite corrective recently residing in the middle of the range from 84.00 to 85.70. AUD has been weaker amid recent economic reports and the infrastructure that pushed AUD down against JPY in comparison. This week, AUD has found minor support from the economic reports like Construction Work which showed an increase to […]

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

The governor of the South Korean financial regulator said that there were no plans to oversee BITCOIN transactions. Choe Heung-sik, head of the Financial Leasing Service (FSS), said that since his agency does not consider the cryptocurrency to be a legitimate currency, FSS does not intend to oversee their trading. Choe added that the South […]

Major Asian benchmarks edged higher for the most part today, though their gains were contained. In Japan, the Nikkei 225 and the Topix finished the day up by 0.1% and 0.2% respectively, both rebounding from a 0.6% decline earlier in the day. The two benchmarks are up on the week – their tenth weekly gain […]

The US Dollar is going through a moderate rebound with the help of rising yields on government bonds. But the liquidity conditions remain poor, so volatility is not great at the moment. EUR / USD is close to 1.1850, while the GBP / USD is losing slightly below 1.3290. The stock market in Japan and […]

EUR/USD: The EUR/USD pair has continued going upwards, as price has gained 120 pips since Wednesday. The resistance line at 1.1850 is under siege (having been tested several times) and it would soon be breached to the upside as price goes for another resistance line at 1.1900. USD/CHF: The USD/CHF pair has continued going downwards, […]

The Dollar index is very close to our short-term bearish targets of 93.10-92.50. The trend remains bearish in the short-term. The Dollar index is could already have completed or is near completion of the downward move from 95. At least a short-term bounce will follow. Green rectangle – support area (broken) now resistance Red rectangle […]

With markets remaining partially closed on Friday for the Thanksgiving holiday week, the dollar was firmer in Asia, gaining on rising Treasury yields. In Japan, however, investors who also had a day off on Thursday, returned to their offices, pushing the Yen lower as Japanese and Chinese stocks traded higher after a strong sell-off on Thursday. The dollar index, which […]

GOLD price remains inside the sideways channel just below important resistance levels. I continue to expect Gold to move lower towards $1,250 before resuming the longer-term upward move. Blue lines – trading range The Gold price is above the Ichimoku cloud in the 4 hour chart. This is a bullish sign. Support is at $1,285 […]

GOLD price remains inside the sideways channel just below important resistance levels. I continue to expect Gold to move lower towards $1,250 before resuming the longer-term upward move. Blue lines – trading range The Gold price is above the Ichimoku cloud in the 4 hour chart. This is a bullish sign. Support is at $1,285 […]

Trading plan 11/24/2017 Big picture: The market is ready for a new wave of growth against the dollar. Positive news on Germany: Merkel received support from the main opposition party, SPD. After talks with the German president, the SPD leader said he was ready to support the government of Merkel – the only question is […]

Trading plan 11/24/2017 Big picture: The market is ready for a new wave of growth against the dollar. Positive news on Germany: Merkel received support from the main opposition party, SPD. After talks with the German president, the SPD leader said he was ready to support the government of Merkel – the only question is […]

Breaking forecast 11.24.2017 The Euro is ready for a breakthrough upward – buy on breakdown of 1.1865 The focus is again on the political situation surrounding Merkel’s government in Germany. On Thursday, the leader of Germany’s main opposition party, the Social Democrats (SPD) Martin Schulz, said he was ready to support the government of Merkel […]

EUR/GBP is currently residing within a corrective range between 0.8750 to 0.9030 which is expected to show bullish momentum in the coming days. EUR has been quite positive with the economic reports recently but due to German issues, the gains were not quite impulsive against GBP whereas GBP is also being challenged by the Brexit […]

You’re watching the Primary Daily Trading Signals for Friday. Here’s how the interbank lines up with the technicals at 8 AM GMT. Euro/Dollar sees 5 neutral models in the short-term, but the mid and long-term scales turn bullish with 5 and 7 studies, respectively, and they are in line with the more than 17% long […]

The price has started to bounce off our entry level perfectly. We remain bullish looking to buy above major support at 111.11 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave structure) for a corrective bounce up to at least 112.53 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (34) sees major support at 34% where […]

The price continues to test our selling area. We look to remain bearish below major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective drop from here to at least 0.6823 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance […]

The price continues to test our selling area. We look to remain bearish below major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective drop from here to at least 0.6823 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance […]

Morning Report: 07.00 London This morning, the US dollar is making a tentative rally in thin post-Thanksgiving trading. Despite this, the Greenback is still set for losses on the week. These losses have been fuelled by FOMC caution and concerns over the impact of Trump’s tax reforms. The dollar pairs are on the back foot, […]