Wave summary: We have seen the expected minor correction from 1.6953 down to 1.6784 and the next impulsive rally higher to 1.7777 is now expected on the way higher to the ideal 1.8032 target. Short-term support is now seen at 1.6870 and again at 1.6784 that should be able to protect the downside for the […]

Wave summary: As long as support at 132.45 is able to protect the downside, as long will we be looking for a continuation higher towards 137.37 to complete wave (D) of the huge triangle that has been developing since June 2008. Short-term a break above minor resistance at 133.40 will indicate more upside pressure, while […]

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, and French Flash Manufacturing PMI. The US will release the Economic Data, too, such as Richmond Manufacturing Index, Flash Services […]

In Asia, Japan will release the Flash Manufacturing PMI data, and the US will release some Economic Data, such as Richmond Manufacturing Index, Flash Services PMI, and Flash Manufacturing PMI. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.89. Resistance. 2: […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -XiJinping is the most powerful leader since Mao. -The Dollar eases and Yen surprisingly strengthens. -Can Abe & Kuroda work their magic once more? -Argentina and Indonesia face US import tariffs. -What are the prospect for Oil prices into 2018? The overnight changes and price moves to be aware of by […]

EUR/USD: The EUR/USD did not move significantly on Monday. However, a movement that is directional is expected this week, which would either take price above the resistance line at 1.1850 or below the support line at 1.1700. Until one of the two boundaries are breached, the bias on the market would be neutral. USD/CHF: On […]

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 If there’s ever been a time to resist the impulse to follow the investing crowd, now is that time. Large speculators are making a bet that’s four times larger than what they made in January 2008. Take a look at this chart. http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can Improve Your Trading

The BITCOIN has recently reached $6,000 resistance area and bounced off the area with the bullish rejection and a daily close below it. Ahead of the Bitcoin split in November the price has bounced off the $6,000 price level as expected. Though there are certain restrictions about Bitcoin trading going on in few countries which […]

Trading week has resumed with a light session on this Monday, so let’s see how the 8 majors line up at 3 PM GMT. Euro/New Zealand declined mostly during the early trading hours and the pair stands point 43% in the red, which is the day’s top move. Economic calendar is extremely light and Kiwi […]

The US dollar held on to most of its Asian session gains in European trading on Monday as the Yen remained weak after Abe’s landslide victory in Japan. The Euro slipped further into losses as the stand-off between Madrid and the Catalan authorities intensified, while sterling also lost ground amid worries about the British economy. […]

All our targets which we predicted in Yesterday’s analysis have been hit. USD/JPY is expected to continue its upside movement. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index calls for a new upside. To conclude, as long as […]

Our first target which we predicted in our previous analysis has been hit. The pair is supported by a bullish trend line since October 20, which confirmed a positive outlook. Both rising 20-period and 50-period moving averages suggest that the prices have a potential for a further upside. The relative strength index is above its […]

All our targets which we predicted in of Friday’s analysis have been hit. GBP/JPY is trading in the upper range and expected to continue the movement. The pair located an intraday key support at 149.45 before bouncing to the upside and trading along the upper Bollinger band. Currently, it has been supported by the rising […]

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. Euro/Dollar sees a mix of red and neutral models on its hourly chart. The mid-term is mostly bearish and the long-term turns neutral with 4 studies but, in contrast, the interbank is bullish at more […]

NZD/USD is expected to trade with a bearish outlook. The pair recorded lower tops and lower bottoms since October 16, which confirmed a bearish outlook. The downward momentum is further reinforced by both declining 20-period and 50-period moving averages. The relative strength index calls for a drop. To conclude, as long as 0.7005 is not […]

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 […]

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. […]

Global macro overview for 23/10/2017: The Thursday’s decision of the European Central Bank will be the key event of the week. The historically low interest rates will probably not change, but – as promised by Mario Draghi – at the October meeting the Governing Council will announce the arrangements for the future quantitative easing program […]

Global macro overview for 23/10/2017: In her Saturday speech on “Monetary Policy Since the Financial Crisis” at a National Economists Club dinner in Washington, D.C., the Federal Reserve Bank Chairperson Jannet Yellen commented the inflationary pressure issues. She said, that the lack of inflation has been an unexplainable “surprise,” while the Fed’s removal of stimulus […]

The BITCOIN (BTC) has been trading sideways at the price of $5.900. Russia’s First Deputy Prime Minister Igor Shuvalov promised not to let initial coin offerings (ICOs) in Russia “die” because of regulations last week. Despite bills being prepared to regulate them, President Vladimir Putin has said that ICOs hold “tremendous potential” and should not […]

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

This is the Midday Snapshot, where we`ll find out how traders have managed to work out the rate shifts during the morning session on this week’s first trading day. Euro/Dollar shows little rate movement – high and low difference is 43 pips and traded volume is extremely low. Neutral sentiment of the traders is 1% […]

This autumn, XM continued its Forex trading seminar series started in the MENA region in September, reaching its next destination on 21st October: the city of Amman, Jordan. The seminar was held at Kempinski Hotel, where all those traders who honoured us with their presence could attend forex instructor Habib Akiki’s presentation on some of […]

Technical outlook: As seen on the hourly chart setup here, EUR/USD has been drifting sideways potentially into a triangle setup after having rallied from 1.1670 levels since October 06, 2017. The entire drop from 1.2092 through 1.1670 levels can be termed as A or 1, while we are expecting B or 2 to terminate somewhere […]

Overview: The GBP/USD pair is still moving upwards from the zone of 1.3017. The first support level is currently seen at 1.3017, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.3017, which coincides with the 61.8% Fibonacci retracement level. This […]