The price continues to test major resistance at 89.11 (Fibonacci extension, swing high resistance) and we expect to see a reaction off this level for a drop to at least 87.52 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) continues to test our 98% resistance where we expect a drop from. Sell below 89.11. […]

The price has finally dropped to our buying level which is major support at 111.77 (Fibonacci retracement, Fibonacci extension, Elliott wave theory, horizontal overlap support) and we expect a bounce above this level for a push up to at least 114.32 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is approaching major support at […]

Overview: This week, the USD/CHF pair fell from the level of 0.9665 to bottom at 0.9523 yesterday. The USD/CHF pair has faced strong support at the level of 0.9523 (the double bottom). So, the strong support has been already faced at the level of 0.9523 and the pair is likely to try to approach it […]

Overview: Pivot point: 0.7307. The NZD/USD pair is showing signs of strength following a breakout of the highest level of 0.7307. The level of 0.7307 coincides with 61.8% of Fibonacci, which is expected to act as minor support today. Since the trend is above the 61.8% Fibonacci level, the market is still in an uptrend. […]

The second attempt by US President Donald Trump to cancel some of the key provisions of the health insurance program, also known as Obamacare, once again failed. All democrats, as well as four representatives of the Republican party, voted against the amendment leading to the defeat of Trump. Opponents of the program cancellation explained their […]

The second attempt by US President Donald Trump to cancel some of the key provisions of the health insurance program, also known as Obamacare, once again failed. All democrats, as well as four representatives of the Republican party, voted against the amendment leading to the defeat of Trump. Opponents of the program cancellation explained their […]

The index has been capped by the resistance zone of 94.85 and it would be likely to see a decline towards the support zone of 94.16. The 200 SMA at H1 chart still points to the downside and the preferred scenario remains in favor of the bears. Next targets should be the 94.16 and 93.29 […]

The pair has been in a consolidation tone since Wednesday’s session and looks for a catalyst that triggers longs. We’re expecting such scenario due to the current position of the 200 SMA at H1 chart and if that happens, then we would like to see an advance towards 1.3106. If it manages to break above […]

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A housing market measure that just surged to the highest level ever may also be a warning to home buyers. We saw a similar development 10 years ago, when the worst par…

ECB meeting is scheduled on Thursday, the 20th of July, and it is definitely worth a closer look. But the schedule actually starts at 6 AM with the German Producer Price Index for June. A downturn energy costs pushed the total lower in May, although it did grow on a monthly basis. Swiss Trade Balance […]

ECB policy makers gather in Frankfurt for the much anticipated monetary policy meeting, which will be followed by an announcement tomorrow, so let’s see what’s moving and shaking among the FX majors. Euro/Canada shows the day’s top move, which is a decline of point 63%. Slide accelerated after 9 o’clock in the morning. US stock […]

EUR/GBP has been in a corrective volatile structure after a non-volatile bullish move towards 0.8850 resistance level and currently struggling at the edge of 0.8850. Recently EUR has been struggling with its mixed and unchanged economic reports which stopped the bullish momentum against GBP where GBP has been struggling to get over the Brexit and […]

CAD continues to dominate USD since the Rate Hike decision by the Bank of Canada. USD is expected to be bearish further in the coming days. USD has been quite weak recently due to bad economic reports in several recent weeks. The BOC rate hike provided CAD with support. Today Canada’s Manufacturing Sales report was […]

EUR/JPY has been quite corrective in nature residing inside the range between 128.50 and 129.70. Recently EUR could not provide positive economic reports to continue the bullish trend against JPY. ECB has been quite hawkish recently. EUR is expected to continue further with more bullish momentum in this pair but in the short and medium […]

When choosing a Forex broker it’s important to research how they price their forex spreads. Over time, the spread that a trader pays can have a direct impact on their bottom line.[1] Most brokers offer two types of spreads – variable or fixed. The one you pick should ultimately reflect your trading style, trading frequency […]

Daily Outlook The NZD/USD pair has been trending up within the depicted bullish channel since January 2016. In November 2016, early signs of bullish weakness were expressed on the chart when the pair failed to record a new high above 0.7400. A bearish breakout of the lower limit of the channel took place in December […]

Moderately pigeon rhetoric Janet Yellen, disappointing statistics on US inflation and retail sales, which is the first time since 2010, China’s GDP growth of 6.9% in the second quarter and the closure of short positions were the main factors of the GOLD futures rebound from support level at $ 1205 per ounce. The key driver […]

Recently, the GBP/USD has been trading sideways at the price of 1.3025 According to the 30M time frame, I found that strong supply entered the market in the background. Today, I found no demand bars and up-thrust bars, which is a sign that sellers are in control. My advice is to watch for potential selling […]

It’s noon GMT on this Wednesday and time for us to see how the sentiment of the traders compares with the actual rate movements. Euro/Dollar has retreated slightly from the recent high, but the pair remains above the 1 15 level for now. Turnover is low and neutral sentiment of the traders is 8% short. […]

Recently, the EUR/USD has been trading sideways at the price of 1.1525. According to the 30M time frame, I found that price has broken supply trendline, which is a sign that selling looks risky. The RSI indicator is looking oversold near the 30 level, which is another sign that selling looks risky. My advice is […]

You’re watching the Primary Spike Controller with the benchmark interbank price stats, so you can be sure you’re always getting the best deals from your broker. Point 28 pips is the long term average spread for the Euro/Dollar. Maximum separation has been point 8 pips. The pair has retreated from the recent high of 1 […]

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

Wave summary: We continue to look for a break above minor resistance at 1.5899 that should provide upside acceleration towards 1.6236 and higher. Short-term support is now seen at 1.5613 and important support is seen at 1.5419, which must protect the downside. Trading recommendation: We are long EUR from 1.5510 with stop placed at 1.5410. […]

Wave summary: We are still looking for a deeper correction in wave iv closer to 126.38 before the next rally higher in wave v will take over for a rally towards 133.46. Short-term resistance is seen at 129.57 which ideally will be able to cap the upside for the decline towards 126.38. Trading recommendation: We […]