EUR/USD has been rising up and it’s high time it starts coming down. Don’t you think?! The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com

Trading plan for 05/07/2017: The market is slowly going back to its normal routine after the US holiday. EUR/USD is trading at 1.1350, around the figure below the key resistance. USD/JPY is between 112.80 and Monday’s high of 113.45. GBP/USD is at 1.2920. None of the three major currency pairs has changed their prices by […]

Price is fast approaching our profit target from yesterday. We prepare to sell on strength below major resistance at 0.7306 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push back down to 0.7255 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing strong resistance below 93% where we expect a […]

We look to sell below major resistance at 1.1391 (Fibonacci retracement, horizontal pullback resistance) for a push down to at least 1.1296 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension). RSI (55) has seen its long term ascending support-turned-resistance line broken triggering a bearish exit and a change in momentum from bullish to bearish. In […]

Price has broken our long term ascending support-turned-resistance line signalling that a change in momentum is seen. We prepare to sell below resistance at 0.7638 (Fibonacci retracement, horizontal overlap resistance, pullback resistance) for a push down to at least 0.7577 support (Fibonacci retracement, swing low support). RSI (55) also shows a change in momentum has […]

Pepperstone’s Market Analyst, Darren Sinden, takes you through the overnight changes and price moves to be aware of: – Eurozone PMI data and Fed minutes on the calendar – North Korea raises the stakes with its long-range missile. – Canadian economy seems to be booming (Will rates rise?) – But just how strong is China […]

The Dollar index bounced as expected but found resistance at 96.50 and did not manage to break it. A rejection at current levels will imply a move lower below 95. Red line – resistance Price is below the 4-hour Kumo and trying to hold above the tenkan- and kijun-sen indicators. Support is at 96 and […]

GOLD price remains in a bearish short-term trend. There are some signs of a possible bounce in the short term but Gold price will need to break above $1,250 to change short-term trend to bullish. Blue lines – bearish channel Gold price continues to trade below the 4-hour Kumo and the kijun-sen. Price is trying […]

Good morning, traders, the Dukascopy TV team brings you another Support and Resistance Level Report. Euro/Dollar is trading in the range limited by R1 of 1 1370 and S1 of 1 1340. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band, a 12 month high and 7 other studies, while the lowest […]

The markets on Tuesday erred towards a risk-off sentiment, with the typical “safe haven” instruments such as GOLD and JPY in demand whilst equities dipped following an apparent milestone in North Korea’s weapons program. North Korea said it had conducted a test of a newly developed intercontinental ballistic missile that can carry a large and […]

The markets on Tuesday erred towards a risk-off sentiment, with the typical “safe haven” instruments such as GOLD and JPY in demand whilst equities dipped following an apparent milestone in North Korea’s weapons program. North Korea said it had conducted a test of a newly developed intercontinental ballistic missile that can carry a large and […]

Wave summary: Nothing new to add here. The correction in red wave ii continues to dominate. The lack of strength does allow for a final spike lower to 1.5450 before completing red wave ii and setting the stage for a strong impulsive rally in red wave iii towards at least 1.6232. R3: 1.5931 R2: 1.5801 […]

Wave summary: Nothing new to add here. The correction in red wave ii continues to dominate. The lack of strength does allow for a final spike lower to 1.5450 before completing red wave ii and setting the stage for a strong impulsive rally in red wave iii towards at least 1.6232. R3: 1.5931 R2: 1.5801 […]

Wave summary: EUR/JPY is still correcting in wave iv and we still prefer more downside pressure towards 126.87 before the next impulsive rally in wave v towards at least 130.13 is expected. That said, wave iv could turn into a triangle consolidation and in this case, we will not see a break below minor support […]

EUR/USD: The EUR/USD has been corrected lower and lower so far this week, but the correction is not yet strong enough to invalidate the extant bullish bias on the market. There is a need for price to go below the support line at 1.1250 before there could be a bearish signal, and that would require […]

Morning review. As you know, today marks the celebration of US Independence Day. Therefore, trades have lesser volumes. The report on the US industrial production index released on Monday exceeds its forecasts with 57.8 – strong data. However, the markets ignored the strengthening of the dollar. So far, the new missile launch by North Korea […]

When the European market opens, some Economic Data will be released, such as Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release the Economic Data, too, such as IBD/TIPP Economic Optimism and Factory Orders m/m, so, amid the reports, […]

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as IBD/TIPP Economic Optimism and Factory Orders m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.54. Resistance. 2: 113.32. Resistance. 1: […]

GBP/USD still has limited trading’s action across the markets, as thin liquidy has been dominating the FX space due to holidays in the United States. The support zone of 1.2923 should be challenged in order to cap further weakness. However, if that area gives up, then we might expect a decline towards 1.2756 after it […]

USDX had a comatose tone during Tuesday amid thin liquidity in the markets as the U.S holidays are dominating the scenario. The 200 SMA is close to the current price area and if that moving average gives up, then we might expect a continuation towards 96.77. To the downside, the target is still placed at […]

BoC and RBA officials have shaken up the FX markets on this Tuesday, so let’s see where the 8 major currencies trade at 3 PM GMT. Australia/Canada had a slow start of the day, but things changed after 4 AM and decline puts the pair more than 1% in the red, which is the day’s […]

Our USD/CHF upside targets have been hit exactly as we predicted. USD/CHF is still expected to trade in the upward direction. The pair is trading above the key support at 0.9615, which should limit the downside potential. The upward momentum is further reinforced by both rising 20-period and 50-period moving averages. The relative strength index […]

We will retain our yesterday’s prediction that the pair is expected to move upward. The pair is currently testing the support of its 50-period moving average, and remains above the horizontal support at 145.90. The 20-period moving average is still holding above the 50-period moving average, and the relative strength index is around its neutrality […]

Let’s see which news releases could move the currency markets on Wednesday, the 5th of July. This is the Economic Calendar. The final reading of Euro Zone June Services PMI is out at 8 AM. The preliminary estimate suggests a decline as slowdowns have been recorded in both Germany and France. UK Services PMI for […]

As predicted NZD/USD downside targets have been hit and NZD/USD is expected to continue its downside movement. The pair remains below its key resistance at 0.7305 and is looking for a lower bottom. The 20-period moving average stays below the 50-period moving average, and the relative strength index is around its neutrality area at 50, […]