Trading Plan for November 13-17, 2017 The general picture: the second week without important news. So, the second week started without important news for the Forex market: there is a lull in the market. On Wednesday there will be data on retail sales in the US for October and inflation data on retail prices – […]

The Dollar index is trading right above the important medium-term trend line support at 94.40. The price remains inside the Kumo and has not broken below it. The price is making higher highs. So far bulls remain in control. A strong upward move will come very soon as long as we trade above 94.40. Blue […]

GOLD price made a sharp reversal on Friday getting rejected once again at the $1,283-88 resistance area and where we also warned that the important 61.8% Fibonacci retracement was. Price has now tested the Ichimoku cloud support and is bouncing. Gold has pulled back towards the 4 hour Kumo support and holds above it. Price […]

Morning Report: 07.00 London This morning, the British Pound is on the back foot after a weekend of hard Brexit talk and rumours of a vote of no confidence in Theresa May. The GBP/JPY is off by 0.59%, with the GBP/USD down by 0.55%. Meanwhile the EUR/GBP rises by 0.44% as the pound weakens against […]

It’s a new trading week, and it’s time for its first Main Daily Trading Signals. Bearish signals prevail on Euro/Dollar’s hourly chart, and the mid-term turns neutral with 6 studies. The daily outlook is split between green and neutral models, but the interbank is neutral at less than 9% long, matching the 4-hour technicals. Next […]

Last minute burning forecast 13.11.2017 EURUSD: Growth is expected, focus is on buying. The EURUSD pair ended the week in favor of buyers: the closing of the day and the week moved near highs. Important news are not expected until the middle of the week. The most likely scenario is the Euro‘s rise towards 1.1690 […]

Good Monday morning, the Dukascopy TV team is here with this week’s first Support and Resistance Level Report. First up is the Euro/Dollar, which stands below R1 of 1 1690 and S1 of 1 1650. R1 is a 20 day moving average with 5 confirmations, and a 100 day moving average is among the 2 […]

EURUSD maintains a neutral bias in the short term and has not changed much since entering a range two weeks ago. The market is showing signs of stabilization as the sell-off has slowed somewhat over the past couple of weeks. There has been a lack of a trend following a break below the neckline (1.1600) of […]

Wave summary: We continue to look for a new impulsive rally towards 1.7770 as the next larger upside target. Short term, we expect support at 1.6614 will protect the downside for a break above minor resistance at 1.6890 for a rally to and above resistance at 1.7216. R3: 1.7216 R2: 1.7059 R1: 1.6853 Pivot: 1.6695 […]

Wave summary: We continue to look for a move closer to resistance at 133.15 to complete wave ii and set the stage for a strong decline in wave iii towards 128.36. A clear break below support at 131.60 will confirm that wave (E) is developing towards the ideal target seen at 123.43. R3: 133.15 R2: […]

USD/JPY has been quite corrective and volatile recently after rejecting off the 114.50 resistance area for several times. USD has been quite mixed with the economic reports whereas JPY could not gain in the moment due to worse economic reports. Today JPY PPI report was published with a positive outcome of 3.4% which was an […]

EUR/USD has been quite volatile recently after breaking below the 1.1670 support area. Due to recent worse economic reports from USD, the currency was unable to dominate EUR as it was expected but as of the upcoming Rate Hike decision in December, a bearish pressure is expected to hit the pair in the coming days. […]

EUR/USD: The bias on the EUR/USD is bearish, but the price has been making some faint bullish effort (especially on Friday). The outlook for the market is bullish for this week (and so it is for some EUR pairs), and therefore, the price may go upwards to form a Bullish Confirmation Pattern in the 4-hour […]

The price has started to drop really nicely from our selling area and has broken an ascending support-turned-resistance line triggering a change in momentum. We remain bearish looking to sell on strength below major resistance at 0.6968 (Fibonacci retracement, Fibonacci extension, bearish divergence) for a push down to at least 0.6827 support (Fibonacci extension, horizontal […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -Veterans day holiday in the USA. -Dollar Index looking for directional cues again. -Japanese PPI posts a second month of gains. -Malaysia’s unemployment drop. -A strong quake of 7.3 rocks Iran Iraq border. -Importance of Thanksgiving to US retailers. The overnight changes and price moves to be aware of by Pepperstone’s […]

The dollar ended the week with a slight decline, for the first time in a month. The decline is primarily due to market reaction towards the tax reform plan proposed on Thursday. The final document was slightly worse than market expectations, based on preliminary statements by Trump and Treasury Minister Mnuchin, and could also reduce […]

Eurozone Last week, the ECB and the European Commission presented two versions of the development of the economic situation in the eurozone. The European Commission increased the forecast for 2017 from 1.7% to 2.2%, noting that the improvement in the dynamics in the Euro area is associated with a significant improvement in economic sentiment, moderate […]

The movements in the Forex market this past week confirmed how important tax reform is to the American people, Congress and the financial market. If done right it will be President Trump’s greatest achievement. The only problem is that not everyone believes that it will provide the U.S. economy with a sustainable long-term boost and […]

The movements in the Forex market this past week confirmed how important tax reform is to the American people, Congress and the financial market. If done right it will be President Trump’s greatest achievement. The only problem is that not everyone believes that it will provide the U.S. economy with a sustainable long-term boost and […]

The movements in the Forex market this past week confirmed how important tax reform is to the American people, Congress and the financial market. If done right it will be President Trump’s greatest achievement. The only problem is that not everyone believes that it will provide the U.S. economy with a sustainable long-term boost and […]

Part 2 of this interview — where Tom tells you which direction GOLD and Silver should take from here — is reserved for subscribers. Click here to unlock the second part of this interview: http://bit.ly/2i2mccO Learn How the Wave Principle Can Improve Your Trading

The dollar was on track to finish the week in the red against its major counterparts after three weeks of rising as uncertainties around the US tax overhaul continued weighing on the markets and disappointing readings on the Michigan Consumer sentiment also pressured the dollar. On the other hand, the Pound was the biggest winner during the European session as […]

Hello, traders, you’re watching the Dukascopy Economic Calendar for Monday, the 13th of November. Japanese Preliminary Machine Tool Orders for October are up first at 6 AM, and orders rebounded in September as both domestic and foreign orders went up. US Federal budget balance for October is out at 7. There was a budget surplus […]

We are heading towards the weekend, so let’s see where the 8 major currencies stand at 3 PM GMT. Sterling/Australia gained ground after 7 AM and the pair has appreciated by point 68%, which is the day’s top move. Positive UK Manufacturing and trade reports have given Sterling a boost and it’s the most bullish […]

The first full week of November has so far proved pretty uneventful for the markets.   Though we have had plenty of political headlines such the Saudi purge, Trump’s Asian tour and resuming Brexit negotiations, the financial markets have traded pretty sideways with the one exception being BITCOIN which we will discuss in a little while.  […]