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. The recent bearish pullback was […]

Recently, the GOLD has been trading sideways at the price of $1,278.00. Anyway, I found rejection from supply cluster near the pivot resistance 1, which is a sign that buying looks risky. There is also a hidden bearish divergence on the MACD oscillator, which is another sign of weakness. My advice is to watch for […]

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. […]

Recently, the USD/JPY has been trading sideways at the price of 113.70. Anyway, I found today double bottom formation, which is a sign that selling looks risky. There is also a broken pivot level at the price of 113.50, which is another sign of strength. My advice is to watch for potential buying opportunities. The […]

In Asia, the Nikkei 225 finished the day higher by 0.5%, extending its record winning run to 16 straight days. The Topix, a broader gauge of Japanese equities, added 0.7% to record its 12th consecutive daily advance. Both benchmarks currently stand at multi-year highs. Hong Kong’s Hang Seng shed 0.5% with the Shanghai Composite adding 0.2%. […]

Shortly after having visited the Philippines with a free Forex trading seminar this summer, the XM team headed back to further destinations in the country with a new seminar series, the last location of which was Manila on 21st October. This year, XM has hosted several free seminars for Filipino traders engaged in continued learning […]

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WTI Oil futures have been moving sideways in the past two weeks and are trading in the upper half of a broader range that has been forming during the past month following the rise above 49.00 on September 13. On the 4-hour chart, there was a recent bounce ahead of the 49.00 level which is […]

BITCOIN analysis for 24/10/2017: The planned Bitcoin fork will be held not on 25/10/2017 as originally announced, but the day before, at the height of block 491407, when miners begin to form blocks with the new proof-of-work algorithm, Equihash. Of course, Blockchain Bitcoin will remain the same, while the new segment will be split from […]

Trading plan for 24/10/2017: The markets are still waiting to settle in a set of political themes, which condemns trade to remain in the narrow band. Speculation that the central bank’s mandate to change in New Zealand harms NZD, which is today the weakest.The rest of FX is relatively stable, waiting for settlement on the […]

Overview: The USD/CHF pair continues to move upwards from the levels of 0.9744 and 0.9800. Hence, the spot of 0.9744 and 0.9800 represents strong support today. Since the trend is above this level, the market is still in an uptrend. Furthermore, the trend is still strong above the moving average (100). The USD/CHF pair didn’t […]

Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.

These are the Main Daily Trading Signals for Tuesday. Here’s how the interbank compares with the technicals at 8 AM GMT. Neutral models prevail on Euro/Dollar’s hourly chart. The 4-hour scale brings 4 sell prompts, and the 24-hour chart is back to neutral with 4 models. In contrast, the interbank is bullish at more than […]

1. Yesterday, the USD gained a bit against the Euro, but USD/JPY failed to hold above 114. Investors are cautious to place bets in EUR/USD and USD/JPY as there is plenty of event risk in EU (ECB, Catalonia) and the US (replacement of Yellen, tax reform). 2. The euro added 0.1 percent to $1.1762, though […]

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

Most foreign exchange majors stayed within narrow ranges during today’s Asian session as traders were awaiting key business survey data out of the Eurozone and the United States later in the day. The only big mover was the New Zealand dollar, which continued to post heavy losses as the country was seen getting a coalition […]

The EUR / USD pair is preparing for a breakthrough. Morning review. Monday did not bring profit to supporters of direct trades. The EUR / USD pair stayed in the narrow range for almost the entire day, trying to break below the level of 1.1730, but invariably faced with fierce resistance from buyers. At the […]

Overview: Last week, the NZD/USD pair has fallen from the level of 0.7067 towards 0.6972. Right now, the price is set at 0.6921 to act as a minor support. It should be noted that volatility is very high for that the NZD/USD pair is still moving between 0.7020 and 0.6900 in coming hours. Furthermore, the […]

The Dollar index remains in a bullish trend. Yesterday after reaching new highs at 94 area, price pulled back towards the broken trend line area for a backtest. A bounce off this trend line will increase the bullish scenario strength. Blue line – resistance (broken) The Dollar index is trading above the Ichimoku cloud in […]

Last minute burning forecast 24.10.2017 GBP – the way to the top is not hindered. As clearly seen on the chart – for the last few days, the situation on the market is practically unchanged – there is essentially no movement, neither up nor down. Entirely calm. It is clear that the market is waiting […]

The GOLD price has broken out of the downward sloping wedge pattern but has stopped right at the short-term cloud resistance at $1,282. Price needs to break above $1,282 and especially $1,290 for any upward move to consider the start of the next upward move to $1,400. Blue line – resistance (broken) Red lines – […]

Morning Report: 07.00 London This morning, the Euro remains under pressure as Catalan separatists threaten to form human shields to block Spanish authorities attempts to take direct control of the region. The EUR/USD was unable to close yesterday’s opening gap lower yesterday, while the EUR/GBP remains on the back foot. By contrast, the GBP/USD has […]

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar is currently trading in the range limited by R1 of 1 1770 and S1 of 1 1740. R3 is confirmed by Bollinger Upper Band, a 50 day moving average and 6 other studies, and R1 counts a […]

The markets are turning their attention to who will become the next Chairperson of the Federal Reserve. President Trump recently commented that he is “very, very close” to deciding who will take the position after interviewing 5 candidates. The 5 shortlisted candidates are current Fed Chair Janet Yellen, who has held the position for the […]

GBPUSD has been maintaining a soft bias since peaking at 1.3656. The pair has managed to trade above the key 1.3000 level since declining from the September 20 high and this looks like a strong support level, which if broken would increase downside pressure. The market has mainly been pivoting around the 50% Fibonacci retracement level (1.3215) […]