The GOLD price bounced towards the upper channel boundary and resistance area of $1,230 and got rejected. The price has turned back lower towards $1,215. Gold bulls need to break above $1,230 in order to confirm that an important low is in. Blue lines – bearish channel The Gold price is below the Kumo (cloud) […]

Good morning, traders, you’re watching this week’s last Support and Resistance Level Report. Euro/Dollar is currently trading in the range limited by R1 of 1 1420 and S1 of 1 1390. The lowest resistance line has found 8 matches, and R2 is a former 12 month high with 7 confirmations. R3 is backed up by […]

Pepperstone’s Market Analyst, Darren Sinden, takes you through the overnight changes and price moves to be aware of: – Cable strengthens. – Singapore GDP growth slows. – DOW closes at new highs. – Chinese regulators review their financial markets.

The Federal Reserve appears to be on track for a 3rd interest rate increase for the year as recent data releases appear to show US economic policies are on track. The US Labour Department released data that showed Initial claims for unemployment benefits dropped 3K to a seasonally adjusted 247K for the week ended July […]

AUD/USD has been in a non-volatile bullish trend since the break above the resistance level of 0.7630. After FED Chairman Yellen testified about inflation recently all the Asian currencies have seen to gain impulsively including the AUD. This week AUD has been having a good amount of positive economic reports like NAB Business Confidence to […]

Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to examine a successful trade you could have made this week. Event: UK Inflation Report Date: Tuesday 11 […]

When the European market opens, some Economic Data will be released, such as Trade Balance and Italian Trade Balance. The US will release the Economic Data, too, such as Prelim UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Retail Sales m/m, Core Retail Sales m/m, Core CPI […]

In Asia, Japan will release the Revised Industrial Production m/m data, and the US will release some Economic Data, such as Prelim UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Retail Sales m/m, Core Retail Sales m/m, Core CPI m/m, and CPI m/m. So, there is a […]

EUR/USD: The EUR/USD was corrected downwards yesterday, but that has not invalidated the bullish bias in the market. Price is above the support line at 1.1400, and it may go up from there, targeting the resistance lines at 1.1450 and 1.1500. That may help put emphasis on the recent bullish bias. USD/CHF: The USD/CHF is […]

Overview: The NZD/USD pair is continuing to rise from the level of 0.7250 in the long term. It should be noted that the support is established at the level of 0.7250 which represents the first support on the H4 chart. The price is likely to form a double bottom in the same time frame. Accordingly, […]

Overview: The USD/CHF pair continues to move upwards from the level of 0.9649. Yesterday, the pair rose from the level of 0.9649 (the level of 0.9649 coincides with a ratio of 38.2% Fibonacci retracement) to a top around 0.9680. Today, the first support level is seen at 0.9649 followed by 0.9582, while daily resistance 1 […]

The index still is moving in sideways below the 200 SMA at H1 chart and looks for a clear catalyst that triggers more sell orders in the greenback. Overall, our outlook remains bearish as long as USDX attempts to break below the 95.77 level. If that happens, further weakness will be seen towards 95.10. MACD […]

The pair is riding a bullish path and during Thursday’s session, it managed to consolidate above the 200 SMA at H1 chart. Overall price action is still choppy and GBP/USD is directionless in the mid-term, but once it consolidates above the psychological zone of 1.3000, it can reach the 1.3011 level. MACD indicator is turning […]

EUR/CAD has broken below the corrective area support level of 1.4730 recently after the CAD Rate hike. After a good amount of struggle at the level, the price has finally broken below the corrective structure and now heading towards 1.4290 support level. Recently CAD Overnight Rate increased to 0.75% which previously was at 0.50% which […]

Price has dropped sharply from yesterday. We prepare to sell below 1.1444 resistance (Fibonacci retracement, horizontal pullback resistance, Elliott wave theory) to play the further push down to at least 1.1381 support (Fibonacci extension, horizontal swing low support, Fibonacci extension). Stochastic (55,5,3) still has some good downside potential to at least 4.6% for price to […]

Price has started to drop really nicely from our selling area as expected, we do see a lot more downside potential in this move though. Our goal is to remain bearish looking to sell on rallies below major resistance at 114.32 (Fibonacci extension, horizontal swing high resistance, bearish divergence) so that we can get into […]

4h On the 4-hour chart, the pair executed a turn in favor of the British currency and began the growth process in the direction of the corrective level of 161.8% – 1.3076. However, on July 13, the bearish divergence of the CCI indicator is boiling: The last peak of quotations may turn out to be […]

Overview T The USD/JPY pair struggled to break 113.15 level yesterday but failed to hold below it. So the pair continues fluctuating around this level. USD/JPY has settled below the EMA50 that forms negative pressure in the intraday trading. Therefore, the correctional bearish trend will remain valid on the intraday basis. Let me remind you […]

It’s 3 PM GMT, and it’s time to look back at what’s been moving and shaking in the currency markets. New Zealand/Swiss Franc is the mover of the day, having gained more than 1%. The pair started moving higher after 7 o’clock in the morning. Commodity currencies are in demand, and Kiwi is the most […]

Overview The GBP/JPY pair touched the initial support level at 145.25, showing its affection by the expected bearish correctional bias. Let me remind you that the bearish scenario depends on the stability of 147.65 level to form the main barrier between a possible bullish attack and an attempt to achieve extra correctional targets. Stochastic approach […]

Overview GOLD price has settled around 1,220.00 after the rise yesterday. Please note that stochastic is making attempts to get rid of its negativity gradually. The metal is waiting to get enough positive momentum to push the price to resume the bullish trend again, as our first target is located at 1,229.32. In general, we […]

Overview Silver price provided clear positive trading yesterday to test 16.00 barrier, as it gets positive signals through stochastic. The metal is waiting for a higher rise to test 16.56 level that represents our first main target. Therefore, we are waiting for a further rise in the upcoming sessions on condition of holding above 15.49 […]

Our take profit target which we mentioned in yesterday’s analysis has been hit. The pair signals further upside potential after its upward breakout of a bullish channel. The rising 20-period and 50-period moving averages are playing support roles and maintain the upside bias. The RSI is above its neutrality level at 50. As long as […]

News agenda is relatively light on this week’s last trading day, but we’ll get those crucial US CPI stats, so stay with us to find out more. First of all, markets are closed in France for Bastille Day holiday, so congratulations to our French viewers. Out at 9 o’clock is the only non-US report for […]

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