Technical outlook: The EUR/USD pair pulled back just a few pips shy from the fibonacci 0.618 resistance but might have triggered the lower range of short entries suggested. We are still presenting a case of waves (1) and (2) on the charts here suggesting that the pair should be heading lower into wave (3) going […]

The BITCOIN (BTC) has been trading upwards. As I expected, the price tested the level of $7.528. One of the earliest references to hyperbitcoinization (H-theory) derives from the Satoshi Nakamoto Institute. It describes a world waiting for bitcoin in the borderless, peer-to-peer sense. Especially true for emerging economies prone to inflation, hyperbitcoinization is an adoption […]

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1756. According to the 15 time – frame, I found successful rejection from the pivot support 1 at the price of 1.1763, which is sign that selling looks risky. I also found a hidden bullish divergence on the stochastic oscillator, which […]

Recently, the USD/JPY pair has been trading sideways at the price of 113.18. According to the 30 time – frame, I found a rising wedge in progress, which is a sign that buying looks risky. I also found a hidden bearish divergence on the stochastic oscillator, which is another sign of weakness. My advice is […]

Overview: The USD/CHF pair faces resistance at 0.9910 since two days, while strong resistance is seen at 0.9966. Support levels are found at the 0.9870 and 0.9782 levels. Today, the USD/CHF pair continues to move downwards from 0.9910 level. The pair could fall from 0.9910 level to the first support around 0.9870. In consequence, if […]

Overview: Yesterday, the NZD/USD pair dropped sharply from the level of 0.6875 towards 0.6844. Now, the price is set at 0.6850. On the H1 chart, the resistance of NZD/USD pair is seen at the level of 0.6875 and 0.6895. It should be noted that volatility is very high for that the NZD/USD pair is still […]

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Friday brings a couple of potential market movers, so let’s take a quick look. European Central Bank President Mario Draghi will be giving a closely watched speech at half past 8 in the morning, speaking at the European Banking Congress in Frankfurt. Coming up next at 1:30 PM GMT are the US Building Permits for […]

NZDUSD has a bias that is tilted to the downside during the past week, with trend indicators supporting this view. A bearish crossover of the 20 with the 50-period moving average on the 4-hour chart and an RSI below 50 are indicators of weakness in the market. Looking at the broader picture, NZDUSD is in […]

AUD/USD has been quite volatile with the recent bearish pressure since it broke below the 0.7750 price level. The price did not have much retest or stronger pullback towards the horizontal and dynamic level but still the bearish pressure was quite stable to push the price lower in a sustainable manner. Today, Australia’s Employment Change […]

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

Dukascopy Forex TV Team has once again analyzed the benchmark interbank price stats, so you could make sure your broker`s price feed quality doesn`t stop you from performing at your best. Spreads have averaged at point 26 pips during the past 24 hours for the Euro/Dollar. Peak separation has been 2.6 pips. The pair has […]

1. The dollar rebounded from four-week lows against the Yen today as global markets regained some of their risk appetite after a sharp sell-off in stocks and the greenback over the past week. As share prices rebounded across Asia and Europe, the dollar climbed around 0.2% to 113.09 yen, up from lows of 112.47 yen […]

Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

In Asia, major benchmarks were posting gains for the most part during today’s trading, putting a halt to losses from previous sessions. The Japanese Nikkei 225 and Topix Indices added 1.5% and 1.0% respectively. All but one industry sector – energy – finished higher in the Topix, Japan’s broader gauge of equity performance. Hong Kong’s […]

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. Recent bearish pullback was executed […]

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. […]

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. […]

Eurozone The statistical data published at the beginning of the week for the Euro area supported the rapid growth of the euro. The German ZEW Indices continued to show signs of continued recovery in Europe’s largest economy while industrial production fell slightly in September. However, there was an impressive 3.3% year-on-year growth. The euro zone’s […]

Weakened prospects on the US tax reforms continued restricting the dollar’s gains in Asia despite Wednesday’s encouraging data cementing a third-rate hike this year, while a mixed employment report in Australia did little to support the aussie. On Wednesday, two Senate Republicans expressed their opposition to the tax plan, claiming that they would not support a plan which favours […]

With increasing interest in cryptocurrencies, more regulators criticize ICO and Blockchain technologies. However, the Executive Director of the Monetary Authority of Singapore, Yao Loong Ng, accepts a different position and encourages regulators around the world to broaden their knowledge of the cryptospace. Ng stresses that the development of this area can be a good lesson […]

The Dollar index has made a reversal day yesterday. Price is bouncing off the 38% Fibonacci retracement and price action increases the chances of the two wave scenarios we posted yesterday. Price is trading above the daily Ichimoku cloud. Price has reached the 38% Fibonacci level and is bouncing. Yesterday’s candle formation was a doji […]

Sentiment on Thursday looks a bit better than yesterday and risk aversion was slightly forgotten during the Asian part of the trading session. Stock markets and Oil are slowly climbing up, better off the emerging markets currency. Among the main currencies is quite calm. EUR/USD is stopped at 1.1800 and USD/JPY is trading at 113. […]

GOLD price re-tested the important resistance of $1,283-88 but got rejected once again. Despite Dollar’s weakness, Gold did not break above the resistance. This was a bearish sign. The other bearish sign we noted yesterday was the form of the rise from $1,262 that was not an impulsive, but overlapping corrective structure. This increased the […]

These are the Main Daily Trading Signals for Thursday. Let’s see how the interbank compares with technicals at 8 AM GMT. Euro/Dollar sees 5 and 4 neutral models on its 1 and 4-hour charts, respectively. The 24-hour scale is mostly bullish, but the interbank is neutral at less than 14% long, and it supports the […]