4h After the currency pair USD / JPY rebounded from the correction level of 100% to 114.36 and the formation of a bearish divergence, the quotes executed a reversal in favor of the currency of Japan and began to fall in the direction of the correctional level of 76.4% – 113.06. Bearish divergence in the […]

Good morning traders, the Dukascopy TV team brings you the Main Daily Trading Signals for Wednesday. Euro/Dollar’s hourly chart is split between red and neutral models, and the mid-term brings 4 neutral indicators. All 8 studies point North on the long-term chart, and they are supported by the more than 16% long interbank. Next up […]

Global macro overview for 12/07/2017: The most important event of the day is Federal Reserve Chairperson Janet Yellen’s speech in the front of the US Congress. It is very possible, that Jannet Yellen will reinforce the message from the press conference of June 14 FOMC meeting and continue to guide the financial market towards an […]

4h In the 4-hour chart, the GBP / USD pair continues to have a price decline towards the corrective level of 100.0% – 1.2707 on the back of the formation of the bearish divergence. Bearish divergence in the CCI indicator: the last peak of price moved lower compared with the previous one and does not […]

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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…

4h Prices hang up from the correction level of 161.8% to 0.7199 and the formation of bullish Harami candlestick pattern are working in favor of the New Zealand currency. The expansion started in the direction of the corrective level of 200.0% – 0.7289. The NZD / USD consolidated below the correction level of 161.8% which […]

Investors in the Oil market were initially thrown into the heat then to the cold. Brent and WTI marked an 8-day rally, then dropped for six days in a row. Stabilizing the situation supported rumors on the dissatisfaction of OPEC members with the production growth of Libya and Nigeria, who were exempted from obligations, that […]

Trading plan for 12/07/2017: The dollar does not gain any of the major pairs, which is the conclusion of FED Harker’s dovish speech and the affair with Donald Trump’s son. The EUR/USD is above 1.1450 and USD/JPY has made a massive return with several months’ highs. Oil continues the rally as yesterday, and precious metal […]

4h The formation of the bull pattern on July 12 would allow traders to anticipate a trend beneficial for the European currency. The growth will continue through the direction of the correction level of 200.0% – 130.91. Such formation will be recognized as a trend based on the direction of the equidistant channel. Setting the […]

The Dollar index got rejected from the short-term cloud resistance at 96.30 and pulled back towards its recent lows at 95.50. A possible double bottom formation could be in play as price is bouncing off the previous lows. Red line – resistance Blue line – support The Dollar index is bouncing off the previous lows […]

GOLD price remains inside the bearish channel and below the Ichimoku cloud. Trend remains bearish. However yesterday’s bounce from $1,205 towards $1,220 is the first sign of a possible reversal. Bears need to be very careful. A break above $1,230 will confirm a trend reversal. Blue lines – bearish channel Short-term resistance by the cloud […]

You’re watching the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out. Euro/Dollar has seen a notable rise, which leaves it between R1 of 1 15 and S1 of 1 1450. Bollinger Upper Band is among the 3 studies for R2, while R1 is a psychological level with 2 models. […]

EUR/GBP has finally broken above the resistance level of 0.8850 and expected to have further bullish move in the coming days. Due to Brexit tension and resignation of PM May are currently having the negative effect on the GBP and weakening further against EUR recently. Today EUR German WPI report showed a rise to 0.0% […]

Pepperstone’s Market Analyst, Darren Sinden, takes you through the overnight changes and price moves to be aware of: – EURUSD further to go? – Trade talks between Japan & USA. – HK Equities rally and Oil gains ahead of US data – Has Snap snapped? – All eyes on Bank of Canada.

Markets were somewhat languid as traders focused on today’s Congressional Testimony by Fed Chair Yellen, the Bank of Canada interest rate decision and the latest US Crude Oil Inventory data release. However, news was released that President Trump’s son, Donald Trump Jr, was told in an email that Russia wanted to aid his father’s Presidential […]

USD/CAD non-volatile bearish trend is still intact after getting some little bullish intervention recently. CAD has been quite dominating over USD and it seems to continue further in the coming days. Today is a very important day for both CAD and USD as a good amount of high impact economic events are going to be […]

The Euro is one of the world’s most closely-watched currencies. As the official currency of 19 European Union (EU) member states, the euro is a major player in global market movements. What’s interesting about this currency is that it is a relatively new one compared to other currencies, yet it has managed to climb to […]

When the European market opens, some Economic Data will be released, such as German 10-y Bond Auction, Industrial Production m/m, and German WPI m/m. The US will release the Economic Data, too, such as Beige Book, 10-y Bond Auction, Crude Oil Inventories, and the Fed Chair Yellen Testifies, so, amid the reports, EUR/USD will move […]

In Asia, Japan will release the Tertiary Industry Activity m/m and PPI y/y data, and the US will release some Economic Data, such as Beige Book, 10-y Bond Auction, Crude Oil Inventories, and the Fed Chair Yellen Testifies. So, there is a probability the USD/JPY will move with low to medium volatility during this day. […]

EUR/USD: The EUR/USD moved further upwards yesterday, now above the support line at 1.1450, and going towards the resistance line at 1.1500. There is a Bullish Confirmation Pattern in the 4-hour chart, and the price would continue to move upwards, going above the resistance line at 1.1500. USD/CHF: The recent near-term bullish signal on this […]

Overview: The NZD/USD pair is still trading around the area of 0.7250 and 0.7343. Thus, it should be noted that the support is established at the level of 0.7205 which represents a pivot point. The NZD/USD pair is showing signs of force following a breakout of the highest price of 0.7205. The price has been […]

Overview: The USD/CHF pair continues to rise from the level of 0.9623 in the long term. It should be noted that the support is established at the level of 0.9623 which represents the 38.2% Fibonacci retracement level on the H1 chart. The price is likely to form a double bottom in the same time frame. […]

The index was under heavy selling pressure amid Trump Jr. emails’ release and that’s why we expect it could test the support zone of 95.77. Also, USDX is finding dynamic resistance in the 200 SMA at H1 chart and a breakout below 95.77 should open the doors to test the 95.10 level. MACD indicator remains […]

The pair has pulled back from the 200 SMA area at H1 chart and it’s currently finding support at the 1.2839 level, amid USD weakness. Overall, as long as GBP/USD remains below that moving average, we might expect a bearish continuation to test the 1.2756 level following a breakout of the 1.2839 zone. MACD indicator […]