With European Union (EU) ministers struggling to make headway over Brexit, British Prime Minister Theresa May will attempt to put negotiations back on track Monday as talks resume in Brussels. The British leader is expected to tell other EU countries that the “ball is in their court” in the ongoing debate over the U.K.’s departure […]

Wall Street and European stocks finished mostly lower on Friday after U.S. employers shed jobs in September for the first time in seven years, as weather-related disturbances weighed on hiring. Nonfarm payrolls fell by 33,000 in September, confounding expectations of a 90,000 gain, data from the Labor Department revealed Friday. The August figures were revised […]

GBPUSD has paused its bearish phase and is making a corrective move after rebounding ahead of the key 1.3000 psychological level. Risks are still tilted to the downside and further weakness is expected since momentum signals are bearish. MACD is sloping down which highlights the potential for another leg lower in GBPUSD. RSI is in […]

Overview: The USD/CHF pair faced a major resistance at the level of 0.9785 because the double top is set around the area of 0.9785/0.9845. Consequently, the strong resistance has already been formed at the level of 0.9785 and the pair is likely to try to approach it in order to test it again. However, if […]

Wave summary: EUR/NZD should soon take out the “old” top at 1.6690 for a continuation higher towards 1.6712 and after a minor consolidation, a continuation higher to 1.7038 should be expected. Support is now seen at 1.6561, which ideally will protect the downside for the rally to 1.6712. Should a break below 1.6561 be seen, […]

Wave summary: We continue to look for resistance at 132.77 and more importantly resistance at 132.89 to cap the upside for a decline below minor support at 131.70 that will call for a decline towards at least 130.37 and possibly lower. Should resistance at 132.89 be broken, that would call for a continuation higher to […]

EUR/USD: On Monday, the EUR/USD went upwards in the context of a downtrend. Unless price goes above the resistance line at 1.1850 (which would require a strong buying pressure), the upwards movement would create a good opportunity to go short at a better price. The support lines at 1.1750 and 1.1700 could thus be tested […]

When the European market opens, some Economic Data will be released, such as Italian Industrial Production m/m, French Industrial Production m/m, and German Trade Balance. The US will release the Economic Data, too, such as IBD/TIPP Economic Optimism and NFIB Small Business Index, so, amid the reports, EUR/USD will move in a low to medium […]

In Asia, Japan will release the Economy Watchers Sentiment and Current Account data, and the US will release some Economic Data, such as IBD/TIPP Economic Optimism and NFIB Small Business Index. So, there is a probability the USD/JPY will move with … volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.27. Resistance. 2: 113.06. […]

The price continues to test our strong resistance and selling level as we wait for a reaction. We remain bearish today looking to sell below 1.11744 resistance (Fibonacci retracement, horizontal pullback resistance, bearish divergence) for a push down to at least 1.1653 support (Fibonacci extension). Stochastic (21,5,3) is seeing major resistance below 95% and we […]

The price is still testing our wedge support and we can see that it is trying to break that key level of support. We look to sell once again on the break of key support at 112.65 (overlap support, wedge support) for a drop towards 110.90 support (Fibonacci retracement, horizontal overlap support). RSI (55) sees […]

“Cherchez la femme” or look for the woman. Market participants are looking towards Theresa May whose weak speech at the Conservative Party Congress led to the worst week for the Pound since the beginning of the year. Since September 20, the GBP / USD quotes have lost more than six figures. However, if many people […]

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USDX continues to be in a corrective move that points to test the 200 SMA, according to the H1 chart. Around that area we can expect a rebound to take place towards the resistance level of 94.04, at which a breakout should open the doors to reach the 94.58 level in a first degree. MACD […]

GBP/USD has moved in a bullish tone during Monday’s session, consolidating gains slightly above the 1.3100 handle. The pair is now expected to break above the resistance level of 1.3195 in order to post new highs above the 200 SMA on H1 chart. Around the moving average, pullbacks are expected to take place. MACD indicator […]

Investors maintained their risk-averse stance during the European trading hours amid fears that North Korea is planning another missile test in the near term, restricting the dollar from recovering. On the other hand, the Pound was the best performer ahead of May’s speech later today and as Brexit negotiations were entering their fifth round. Although optimism on […]

These are the Movers and Shakers, where you can find out what have been the FX market trends on this week’s opening trading day. Most of the session has been bullish for the Sterling/Australia and the pair posts the day’s top move, which is a gain of point 69%. UK BRC retail sales monitor data […]

Technical outlook: The EUR/USD pair has been forming a series of lower highs and lower lows since forming a potential top at 1.2092 levels earlier. Looking at the current price action, a short-term hourly structure has been presented here for trade direction in the next 1-2 days. The pattern that is taking shape at the […]

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

European Indices were on balance positive today, as fresh worries about a possible North Korean missile test failed to dent investor optimism. Stock indices around the world had been hitting all-time highs during the previous week and sentiment remained mostly bullish today as well. The German DAX today traded at new all-time highs and at […]

Political pressure could see Boris Johnson become the new PM. GBP downside does not look over yet. FOMC minutes to cement Fed tightening cycle plans. Retail sales data expected stronger, given post hurricane demand. Inflation expected to pick up again in US, which will help USD bulls gain further ground. ECB’s Draghi to speak, but […]

The BITCOIN (BTC) has been trading upwards. As I expected, the price tested the level of $4.617 driven on the news that Malaysia central bank Governor is taking bitcoin cues from China. His glib statements are attracting widespread regional attention, as Southeast Asia’s 4th largest economy attempts to reconcile notorious financial conservatism with radical financial […]

Recently, the USD/JPY pair has been downwards. The price tested the level of 112.33. According to the 15M time – frame, I found a fake breakout of Friday’s low at the price of 112.48, which is a sign that selling looks risky. There is a hidden bullish divergence on moving average oscilator and a confirmed […]

Recently, the GBP/USD has been trading upwards. The price tested the level of 1.3183 in an ultra high volume. According to the 30M time – frame. I found a testing of upper trendline of an upward intraday channel, which is a sign that buying looks risky. The price is in overbought intraday zone according to […]