Breaking Forecast 05.10.2017 The EURUSD rate in the last two days has sharply reduced activity – which is traditionally the case before a strong move. There were strong news – but they were multi-directional. The US employment report from the ADP agency showed a strong decline in new jobs in September; showing a gain of […]

On Wednesday, the US Institute for Supply Management (ISM) released Non-Manufacturing PMI for September that surprised the market with the US service sector index increasing to its highest level in more than 12 years. The ISM non-manufacturing index, for September, climbed to its highest level since August 2005 and the prices paid index reached its […]

This is the Support and Resistance Level Report for Thursday, and here’s how our in-house model tests out. Euro/Dollar has the closest levels of 1 1770 in resistance and 1 1740 in support. The lowest resistance line has found 10 matches, and R2 is a 50 day moving average with 5 studies. A psychological level […]

The Dollar index has broken out and below the bullish channel. The upside correction is most probably complete. However, in order to cancel any bullish wave count, price will need to overlap the high of wave A. Red lines – bullish channel The Dollar index remains in a bullish trend. Price made a reversal lower […]

GOLD price broke out of the downward sloping triangle pattern as we expected given the signs from the bullish divergence in the RSI. However the bounce was not as strong as we expected, mainly because of the strength in the Dollar and mainly in the USDJPY. Black line – resistance (broken) Gold price is trading […]

USD/JPY is expected to trade with a bullish bias above 112.50. The pair posted a rebound from 112.30 (the low of Oct. 4) and broke above its 20-period and 50-period moving averages. The relative strength index is above its neutrality level at 50 and lacks downward momentum. To conclude, as long as 112.50 is not […]

USD/CHF is expected to trade with a bullish outlook. The pair made a rebound and broke above its 20-period and 50-period averages. In addition, the 50-period moving average is turning up. The relative strength index is bullish, calling for a further upside. The U.S. dollar lacked momentum in either direction as investors are alert to […]

The pair is under pressure below the key resistance at 149.60. The relative strength index has been capped by a declining trend line since October 4. The British Pound rebounded after a two-day decline, as the IHS Markit/CIPS Purchasing Managers’ Index rose to 53.6 in September from 53.2 in August. Therefore, as long as 149.60 […]

Our first target which we predicted in yesterday’s analysis has been hit, capped by a downward trend line. The technical outlook of the pair is negative as the price has been capped by a bearish trend line since October 4. The 20-period moving average crossed below the 50-period one. The relative strength index is bearish […]

When it comes to Forex trading, price action is one of the most relied upon methods for delivering consistent results. After all, price determines everything in the financial markets, and forex is no exception.   What Is Price Action? In its simplest form, price action describes the characteristics of a forex pair’s price movement. The […]

When the European market opens, some Economic Data will be released, such as ECB Monetary Policy Meeting Accounts, French 10-y Bond Auction, Spanish 10-y Bond Auction, and Retail PMI. The US will release the Economic Data, too, such as Natural Gas Storage, Factory Orders m/m, Trade Balance, Unemployment Claims, and Challenger Job Cuts y/y, so, […]

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Why do investors keep making the same mistakes – i.e., buying at highs and selling at lows? The answer is that their psychology never changes. If you’re an independent thinker, you can potentially benefit from this knowledge. Let’s take a look at the U.S. Dollar Index. http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can Improve […]

It’s 3 PM GMT on this Wednesday; let’s look back at what’s been moving and shaking in the currency markets. Markets have actually been quite calm, and the biggest move of the day was a gain of point 43%, posted by Pound/Swissie. This has been a harsh day for Theresa May who was pranked as […]

You’re watching the Economic Calendar for Thursday, the 5th of October. Here’s a closer look at the most important news releases. Swiss Consumer Price Index for September is up first at 7:15 AM. The annual inflation stood unchanged in August. Euro Zone Retail PMI for September follows at 8:10. The Index has been declining for […]

It’s 12 PM GMT on this Wednesday, and it’s time for the Midday Snapshot. Euro/Dollar has seen a bumpy rise, and it was point 27% in the green at noon. This pair sees the usual amount of funding, and the neutral trader’s sentiment stands at 9% short. Bulls have been in better positions so far. […]

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Working with GOLD traders in the fall throws something in the heat, then in the cold. Dragmetall in early September against the backdrop of escalating geopolitical risks, seasonal purchases and the weakness of the US dollar reached its highest level for the year, but could not hold above $ 1,350 an ounce and the stone […]

The Dukascopy TV team brings you another Primary Spike Controller so you can stay on top of your trades this Wednesday. And we start with trader’s favourite pair, the Euro/Dollar, which has the average and peak long-term spreads of point 3 and 1 pips, respectively. The pair has been moving in waves, but the single […]

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. Euro/Dollar sees 6 and 5 neutral signals on its 1 and 4-hour charts, respectively. The daily outlook is split between red and neutral models, but the interbank is neutral at less than 2% short, and […]

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

Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

Good morning, traders, the Dukascopy TV team is here with another Support and Resistance Level Report. Euro/Dollar has recovered from its losses and is now back between R1 of 1 1790 and S1 of 1 1760. The lowest resistance line has found 5 matches, and R2 is a 50 day moving average with 4 confirmations. […]

It’s 3 PM GMT on this Tuesday; let’s see what’s been happening in the Forex markets. Euro/New Zealand is the mover of the day, having gained point 73%. The pair was trending higher for much of the day. Spain’s constitutional woes are far from over, but the Common Currency has rebounded quite nicely and is […]

From a sugar price point of view, what does the lift in sugar quotas mean? Phil Carr, co-founder, The GOLD & Silver Club You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#222031 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish […]

From a sugar price point of view, what does the lift in sugar quotas mean? Phil Carr, co-founder, The GOLD & Silver Club You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#222031 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish […]