Burning forecast 10/11/2017 EURUSD: There is a buy signal. There are still no important news on the market. On Thursday, following three days of uncertainty, the market signaled an increase in the EURUSD pair: An important level of 1.1625 was pushed upwards. Sellers made a powerful attack on the Euro within the next hour after […]

It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out. Euro/Dollar has gained some ground and now stands between R1 of 1 1660 and S1 of 1 1630. The lowest resistance line has found 9 matches, and R2 is a 20 day moving average with 4 confirmations. […]

The news release schedule gets light as the trading week is coming to an end, so let’s take a quick look. Markets in the United States will be closed for the Veterans Day, and the first item on the schedule comes at half past 9, when the UK September Trade Balance is released. Trade deficit […]

Trading involves multiple variables and a torrent of information, but there are multiple tools to help you filter out what is useful and what is not. A trader could become buried in all the information available to them – technical, fundamental analysis, geopolitical events and policy decisions.   Here is a list of tools that […]

USDCAD dropped to a fresh 2-week low as the pair comes under increasing pressure following a rejection at the 50% Fibonacci retracement level of the downtrend from 1.3793 to 1.2061. RSI is falling and suggesting further downside momentum is expected. The pair is approaching a key level at 1.2500, this being near the 50-day moving […]

Technical outlook: A 4H chart view of the EUR/USD pair has been presented here for a better view of waves from top formation at 1.2092 levels earlier. We are still contemplating a fair probability for the pair to produce a leading diagonal wave structure, which should unfold into 5 waves subdividing into 5-3-5-3-5 waves as […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review –FX markets are quiet again. -Whats up with Silver? -Both US & Japanese equities see red. -RBA sounds cautious note on inflation = no rate rise yet. -East Asia – Ageing fast, very fast. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review –FX markets are quiet again. -Whats up with Silver? -Both US & Japanese equities see red. -RBA sounds cautious note on inflation = no rate rise yet. -East Asia – Ageing fast, very fast. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New […]

Wave summary: Wave II seems to have bottomed already at 1.6614 and wave III ready to develop. We still need a firm break above minor resistance at 1.6813 to confirm this view. Short-term, we ill be looking for support near 1.6690 to protect the downside for the next impulsive rally higher to 1.7216 and above […]

Wave summary: Our expectation of a more complex wave ii correction seems to be well founded. We are looking for wave c of me to move higher to 133.15 before completing wave ii and turning prices lower in wave iii towards 128.36 and below. Our preferred count remains, that wave (D) completed with the test […]

When the European market opens, some Economic Data will be released, such as Italian Industrial Production m/m, French Prelim Private Payrolls q/q, and French Industrial Production m/m. The US will release the Economic Data, too, such as Federal Budget Balance, Prelim UoM Inflation Expectations, and Prelim UoM Consumer Sentiment, so, amid the reports, EUR/USD will […]

In Asia, Japan will release the Tertiary Industry Activity m/m and M2 Money Stock y/y data, and the US will release some Economic Data, such as Federal Budget Balance, Prelim UoM Inflation Expectations, and Prelim UoM Consumer Sentiment. So, there is a probability the USD/JPY will move with a low to medium volatility during this […]

EUR/GBP has been residing inside the corrective range between 0.8750 to 0.9030 area which recently is showing a bearish slope before breaking out of it. GBP has been quite positive with the economic reports after the Rate Hike which made the currency a bit stronger than EUR having mixed economic reports recently. Today EUR French […]

The price has been whipsawed a lot since yesterday, but is starting to form a nice reversal pattern. We look to buy above strong support at 86.95 (Fibonacci extension, Fibonacci retracement, horizontal swing low support, bullish divergence) for a bounce to at least 87.67 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (89,3,1) is seeing […]

The price continues to rise nicely from our buying area, having made a bullish exit of its descending resistance-turned-support line. We remain bullish looking to buy on dips above 0.7628 major support (Fibonacci extension, horizontal swing low support, Long term Fibonacci retracement, bullish divergence) for a push up to at least 0.7730 resistance (Fibonacci retracement, […]

USD/CHF has been quite volatile and corrective for the recent few days after breaking above the 0.9860 price level. Both CHF and USD had been quite worse with the economic reports this week which lead to further corrective price action. Recently CHF has been quite mixed with the economic reports where the CPI report was […]

EUR/USD: The EUR/USD moved higher on Thursday, but that movement was not significant enough for a clean bullish bias. A movement above the resistance line at 1.1700 would result in a bullish bias, while a movement below the support line at 1.1550 would help strengthen the recent bearishness in the market. USD/CHF: This pair moved […]

USDX remains in sideways and now it’s challenging the 200 SMA at H1 chart. Bulls are trying to gain impetu in the short-term, with the nearest target placed at the 95.14 level, which also should give up in order to allow a rally towards the 95.85 level. To the downside, the next strong support is […]

The outlook for GBP/USD remains bearish, as the moving average in the H1 chart is still above current price across the board. Nearest support lies at the 1.3037 level, which should give up to tbe bears’ action in order to test the 1.2880 level. MACD indicator is slightly bearish and favoring to the bears in […]

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A group of investors with very deep pockets have been engaging in a long stretch of extraordinary stock buying. Here in November, even more buying has been announced. …

In another mostly quiet day in terms of data releases, Forex market participants’ attention remained firmly on the US tax reform front. Jobless claims and wholesale inventory data out of the US did generate some interest, though market reaction following the releases was subdued. Meanwhile, Brexit negotiations are resuming today. At 1526 GMT the dollar […]

Dukascopy Forex TV Team is back with the FX Movers and shakers for Thursday. Australian Dollar has been moving South against the Japanese Yen since approximately 3 AM and the pair is point 67% in the red, which is the day’s top move. Japanese economy watchers sentiment improved and Yen tops the advancers and decliners […]

BUY GOLD prices traded at 3-week highs and more against all major currencies outside the Japanese Yen on Thursday, rising despite new data showing the weakest 12-monthly gold demand since early 2010.   Global gold buying demand fell below 4,000 tonnes between October 2016 and September this year, with global gold mining output larger by […]

BITCOIN has been quite bearish recently after having good amount bullish rejection off the $7,880 resistance area. Due to sudden cancellation of high impact event which was supposed to be held next week Bitcoin market had observed a sudden crash. The fork was done with the objective of increasing the capacity of the Bitcoin network […]

The BITCOIN (BTC) has been trading sideways at the price of $7.145. Britain’s Revolut filed a formal application for banking licensing this week. Established British banks are bracing for rule changes domestically and internationally, as more digital-only banks are ever-closer to legal parity with legacy institutions. Technical picture looks bearish. Trading recommendations: According to the […]