GOLD price is showing reversal signs. It is still too early to tell if the pullback towards $1,250 we expect has started or something of a smaller degree. Important level to watch is at $1,277. Gold price has broken below the 4-hour tenkan-sen (red line indicator). This is the first bearish warning. Short-term support by […]

The Conservatives Vs the Labour Party and the Many Scenarios Which Could Unfold Today As the market returned from its Easter break on the 18th of April, UK Prime Minister Theresa May surprised the world with an announcement of a snap UK election to take place on the 8th of June.  The financial market reacted […]

Wave summary: We have already seen the expected dip below support at 1.5588 and seen a low at 1.5533. This will likely be enough to complete wave ii/, but a break above minor resistance seen at 1.5746 and more importantly a break above resistance at 1.5931 will be needed to confirm that wave ii/ has […]

Wave summary; Important support at 122.53 protected the downside for a break above minor resistance seen at 123.55 indicating wave c had completed and wave d, of the expected triangle consolidation, now is unfolding. This should provide a rally higher to 124.63 in the coming days. Short-term minor support seen at 122.97 should be able […]

When the European market opens, some Economic Data will be released, such as Minimum Bid Rate, Revised GDP q/q, French Trade Balance, and German Industrial Production m/m. The US will release the Economic Data, too, such as Natural Gas Storage, and Unemployment Claims, so, amid the reports, EUR/USD will move in a low to medium […]

In Asia, Japan will release the Economy Watchers Sentiment, Final GDP Price Index y/y, Current Account, Bank Lending y/y, and Final GDP q/q data, and the US will release some Economic Data such as Natural Gas Storage and Unemployment Claims. So, there is a probability the USD/JPY will move with low to medium volatility during […]

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USDX continues to be supported by the 96.53 level and that’s why bears cannot advance in the current structure. If that level gives up, we can witness an acceleration towards 96.25 in a first degree, as the US Dollar remains weak across the markets. To the upside, the 200 SMA at the H1 chart is […]

GBP/USD is strengthening its bullish structure above the 200 SMA at H1 chart, but gains are being capped by the resistance zone of 1.2962. If a breakout happens over there, then we might expect further advances toward 1.3018 in a first degree, while a pullback should send the pair to test the 200 SMA and […]

Today we take a good look at AUD/USD and see if it has finally reached a level we can start selling from. Come and take a look and see if you agree with me! The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com

USD/CAD continues to drop perfectly towards our profit target and has made a nice bearish exit signalling that a change in momentum is expected. We remain bearish looking to sell below 1.3482 resistance (Fibonacci retracement, pullback resistance, swing high resistance) for a further push down to 1.3387 support (Fibonacci extension, horizontal swing low support, Elliott […]

AUD/JPY has dropped perfectly and reached our profit target. We prepare to buy above major support at 81.78 (Fibonacci extension, horizontal swing low support, bullish divergence) for a push up to at least 82.77 resistance (Fibonacci retracement, swing high resistance). Stochastic (34,5,3) is seeing strong support above 3.6% and also sees the long-term bullish divergence […]

Yesterday, GBP/JPY moved lower as predicted. Today, the pair is making rebound from its support of 140.70 and expected to continue its rebound. The pair is expected to trade with a bullish bias above 140.70. The pair is trading above the rising 50-period moving average, which plays a support role and maintain the upside bias. […]

EUR/USD: The EUR/USD pair simply consolidated on June 6. There would soon be a rise in volatility, and the resistance line at 1.1300 may be breached to the upside as price goes further upwards. However, a bearish reversal is bound this week or next, owing to the bearish outlook on EUR pairs, which would probably […]

This is the main Dukascopy Spike Controller, providing you with the benchmark interbank price data for Wednesday. First up is the Euro/Dollar, which has a daily average spread of point 28 pips. Maximum separation has been 1.1 pips. The pair rose yesterday by point 39% or 44 pips to reach the daily high of 1 […]

Three Events, One Day: How could the market react? In my time as a market commentator I have only once seen a Financial Event to allow the use of the phrase “A perfect storm”, and I’m not talking about the George Clooney movie. To youngsters this phrase is as foreign, as winter is to a […]

This is the main Dukascopy Spike Controller, providing you with the benchmark interbank price data for Wednesday. First up is the Euro/Dollar, which has a daily average spread of point 28 pips. Maximum separation has been 1.1 pips. The pair rose yesterday by point 39% or 44 pips to reach the daily high of 1 […]

Overview: The USD/CHF pair continued to trade downwards from the level of 0.9733 which represented a major resistance today. The pair dropped from the level of 0.9733 (this level of 0.9733 coincides with the ratio of 23.6% Fibonacci) to the bottom around 0.9620. However, the trend has rebouned from the bottom of 0.9620 towards the […]

Overview: The NZD/USD pair is showing signs of strength following a breakout of the highest level of 0.7122. On the H4 chart. the level of 0.7122 coincides with 78.6% of Fibonacci, which is expected to act as minor support today. Since the trend is above the 78.6% Fibonacci level, the market is still in an […]

Recently, the EUR/USD pair has been trading sideways at the price of 1.1205. According to the 30M time frame, I found a broken upward trendline and successful confirmation of the resistance (double top). My advice is to watch for selling opportuntiies. The downward targets are set at 1.1200, 1.1180 and 1.1160. Resistance levels: R1: 1.1285 […]

Recently, the USD/JPY pair has been trading downwards. The price tested the level of 109.12. Anyway, according to the 30M time frame, I found a fake breakout of the yesterday’s low, which is a sign of strength. My advice is to watch for potential buying opportuntiies. The upward targets are set at 109.70 and 109.90. […]

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EUR/USD slipped 0.10% to 1.1234, off a one-week high of 1.1257 hit overnight. GBP/USD fell 0.32% to trade at 1.2850 after the latest YouGov poll released on Wednesday showed that Theresa May’s Conservative Party is only 3 %age points in front of the opposition Labor Party ahead of the June 8 election. It was up […]

The London Bridge attack has rocked the United Kingdom close to crucial parliamentary election that pits a struggling Tory party against a growing opposition. As voters are searching for answers about what’s triggered the wave of terrorist attacks – three in just ten weeks – Prime Minister Theresa May is vowing to step up the […]

USD/CAD is currently trading inside a range between 1.3410 to 1.3540 area. Currently we can see some bearish pressure in the market due to recent USD negative reports. Today, the economic calendar contains the Canadian Building Permits report is an excellent barometer of future construction activity because obtaining a permit is the first step of […]