USDJPY has been bearish since October 16 and has now reversed around half of the rally that took place from 107.31 to 114.73. The market is testing two-month lows at the 50% Fibonacci (111.04) of the September 8 to November 6 upleg. A move above 112.00 would help ease downside pressure but a rise above 113.00 (23.6% […]

USD/CHF is under pressure and expected to trade with bearish outlook as key resistance is at 0.9870. Despite the recent rebound from 0.9800, the pair is still trading below its declining 20-period and 50-period moving averages. The relative strength index is below its neutrality level at 50. Even though a continuation of the technical rebound […]

After a long bearish trend in place, NZD/USD has been quite bullish this week which lead to certain gain on the upside breaching above 0.6850 level with a daily close. USD has been quite mixed with the economic reports recently which lead to certain weakness against NZD but today worse economic reports of NZD put […]

Our first target which we predicted in yesterday’s analysis has been hit. GBP/JPY is expected to trade with a bearish outlook. The pair remains on the downside while being capped by a bearish trend line drawn from November 21. In fact, the descending 20-period moving average is also restricting any further upside potential of the […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -Fed is split on inflation and rate rises. –USDJPY has a 111 handle. -PMI and Central bank speeches today’s highlights, -Happy Thanks Giving America, -The market breadth in US equities in 2017. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New To forex […]

All our targets which we predicted yesterday have been hit. NZD/USD still expected to trade in a higher range. The pair is holding on the upside and is trading above its ascending 20-period and 50-period moving averages. The relative strength index calls for a further rise. The downside potential should be limited by the key […]

When the European market opens, some Economic Data will be released, such as Belgian NBB Business Climate, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, French Flash Manufacturing PMI, and German Final GDP q/q. The US will not release any Economic data, so, amid the […]

In Asia, Japan will not release any Economic Data, and the US will not release Economic Data, too. So, there is a probability the USD/JPY will move with a low volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.80. Resistance. 2: 111.58. Resistance. 1: 111.36. Support. 1: 111.10. Support. 2: 110.88. Support. 3: 110.66. […]

For most of the past month, GOLD has been trading in a narrow range of $1270-1290 per ounce after falling 5% from its September highs on fears of aggressive monetary tightening by the Fed. As its reason is the distribution of the US economy under the influence of tax reform. Despite its lack of success […]

The FOMC minutes of meeting will be published today dated November 1, with high possibility that the markets will ignore the release because there were several important events happened after the meeting that changed the risk assessment. Therefore, the internal discussion of the last meeting could be regarded by the market as irrelevant. Looking back, […]

The International Energy Agency downgraded its forecast for global demand, as Russia begins to play up the issue of extending the duration of the agreements on the reduction of production, while Oil production in the United States continues to increase, and the geopolitical conflicts in the Middle East are gradually disappearing from the front pages […]

Trading plan 11/22/2017 The general picture: We are waiting for important news from the US at 12:30 PM London Time The beginning of the week passed under the sign of an unexpected political crisis in Germany. It should be noted that on Sunday the German Chancellor Angela Merkel was forced to publicly admit that she […]

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Throughout each trading day, there’s an awful lot of chatter in the financial press about what will drive the stock market’s trend. In our experience, so-called “fundamental” market information is almost always one step behind the price action. Yet, even if you were isolated from financial news, you could still successfully forecast the market […]

The British Budget for 2018 was the main focus during today’s European trading session, while a strip of economic releases out of the US also attracted some attention. The Pound posted short-lived losses after British official budget forecasters downgraded the country’s economic outlook, while the dollar dipped into losses after strong flash readings on eurozone confidence activated Euro bulls. The […]

EUR/JPY is currently residing at the lower end of the corrective range between 131.70 to 134.40 area which is currently showing some bearish momentum to break below the range support. Due to recent German issues EUR has been struggling to gain momentum against JPY, leading to bearish pressure in the pair which is expected to […]

Overview The GBP/JPY pair returned to a slow upward bias by closing again around 148.80. Let me remind you that consolidating above 147.35 support is forming the main factor to confirm the bullish bias domination. We are waiting to a rally towards 150.00 in the near term. Breaching this level will allow the price to […]

Overview The USD/JPY pair is trading with a quiet bearish bias to approach the key support 111.90 gradually. We are waiting until the pair breaks this level to confirm a further bearish wave towards our next target at 111.00. In general, we will continue to suggest the bearish trend in the upcoming period supported by […]

Overview GOLD price is still fluctuating around 1,281.17, settling inside the minor bullish channel. This keeps the chances valid to continue the bullish trend on the intraday- and short-term basis. We are waiting to confirm breaching the mentioned level to push the price towards 1,299.20 initially. Stochastic shows weakness of the bullish momentum that might […]

Overview Silver is again trading in a tight range. The metal aims to move around 17.00 level again. Please note that settling above 16.56 represents the most important condition to continue the recently suggested bullish scenario. We are waiting until the metal gains strong momentum that supports the chances of breaching 17.43 level. This will […]

USD/CAD has been quite bearish recently after being quite corrective with the bullish gains which leads the price to surge up towards the resistance area of 1.2770-1.2860. CAD has been struggling with the gains against USD due to recent worse economic reports and upcoming USD rate hike possibility which shifted the market sentiment towards the […]

The 2013 Leonardo DiCaprio vehicle by Martin Scorsese was based on the rise and fall of Jordan Belfort, former stockbroker current motivational speaker (no really look). After the events depicted in the film, Belfort was convicted to a 22-month sentence because of his involvement in security fraud through his company Stratton Oakmont. Unlike Belfort, the […]

The Federal Reserve minutes of the October 31-November 1 meeting are due at 1900 GMT with investors being on the lookout for any signals on the outlook of monetary policy. Communication by Fed officials has broadly supported the view for an additional rate hike – the third such move this year – to be delivered […]

GOLD PRICES recovered two-thirds of this week’s earlier 1.3% drop against the Dollar on Wednesday, trading up to $1286 per ounce as Asian demand edged premiums in China and India higher, and world stock markets rose yet again.   Government bond prices sat tight, keeping 10-year US Treasury yields unchanged at 2.36%, in the middle […]

The BITCOIN (BTC) has been trading sideways at the price of $8.226. A principal regulator in the Philippines has announced: “The direction is for us to consider this so-called virtual currencies offerings as possible securities in which case we will apply the Securities Regulation Code,” the country’s Commissioner, Emilio Aquino, of its Securities and Exchange […]

Recently, the USD/JPY pair has been trading downwards. As I expected, the price tested the level of 111.94. According to the 15M time – frame, I found a series of lower lows and lower highs, which is a sign tha sellers are in control. I also found a hidden bearish divergence on the stochastic oscillator, […]