We take a nice detailed look at AUD/JPY and see if there are any trading opportunities for us to make some juicy pips! We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and the RSI to determine the best entry, stop loss and profit targets. Subscribe to me for […]
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As the trading week comes closer to an end, it’s time for the Movers and Shakers. Here’s a look at how the 8 major currencies stack up at 3 o’clock. Sterling/New Zealand has been moving sharply lower and the pair has lost 1.13%, which is the day’s top move. US stock indexes have opened in […]
EUR/USD has reached our selling area and reversed perfectly as expected. We remain bearish below the major resistance at 1.1264 (Fibonacci extension, horizontal swing high resistance) for a further drop towards 1.1159 support (Fibonacci retracement, horizontal overlap support). Stochastic (55,5,3) has reversed nicely off our 95% resistance and has good downside potential. Sell below 1.1264. […]
AUD/JPY has dropped to our buying area and bounced off perfectly. We remain bullish above the major support at 81.90 (Fibonacci extension, horizontal swing low support, bullish divergence) and we expect a strong bounce above this level to at least 82.90 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing strong support above […]
USD/JPY has shot up and reached our profit target perfectly. We prepare to sell below major resistance at 111.62 (Fibonacci retracement, minor pullback resistance) for a drop towards at least 110.49 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is approaching major resistance at 94% where we have seen the multiple price reaction. Correlation […]
Find out how the sentiment of the traders lines up with the actual rate shifts after 12 hours of trading on this Friday. Euro/Dollar has had a slow session – high and low difference is 23 pips and traded volume is extremely low. Sentiment of the traders is neutral, short positions are up by 6%. […]
U.S. nonfarm payrolls (NFP) are only hours away, and the financial markets are already zeroing in on the event. If the recently released ADP report is any indication, the world’s largest economy is poised for another month of solid jobs growth. What Economists Are Saying about the NFP Payrolls are expected to rise 185,000 in […]
You’re watching the Economic Calendar for Monday, the 5th of June. Here’s a rundown of the most important news releases. The schedule actually begins at 11:30 PM on Sunday for Aussie Dollar traders, as Australian Performance of Service Index for May is released at this time. The Index has been recovering for the past two […]
Keep your broker in check on this week’s last trading day by watching the primary Dukascopy Spike Controller. Euro/Dollar’s spreads have averaged at point 3 pips during the past 24 hours, peaking at 2.2 pips. Rate movement has been calm, the biggest move is a decline of just point 31% or 35 pips as the […]
EUR/USD analysis for June 02, 2017
Post by admin on June 2, 2017
Recently, the EUR/USD has been trading downwards. As I expected, the price tested the level of 1.1202. According to the 30M time frame, I found a broken bearish flag, which is a sign of bearish continuation. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1200 […]
GBP/USD analysis for June 02, 2017
Post by admin on June 2, 2017
Recently, the GBP/USD has been trading sideways at the price of 1.2850. Anyway, according to the 30M time frame, I found confirmed resistance at the price of 1.2915, which is a sign that buying looks risky. My advice is to watch for selling opportunities. There is also a divergent bar in the background, which is […]
Intraday technical levels and trading recommendations for USD/CAD for June 2, 2017
Post by admin on June 2, 2017
Since April 2016, the USD/CAD pair has been trending upwards within the depicted ascending channel. In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, a significant bearish rejection was expressed around 1.3580 (recently established top). During […]
Intraday technical levels and trading recommendations for NZD/USD for June 2, 2017
Post by admin on June 2, 2017
In December 2016, a bullish breakout above 0.6960-0.7000 allowed the pair to head towards the price level of 0.7100 (key level) which failed to provide sufficient bearish pressure on the pair. Bullish persistence above 0.7100 allowed a further advance towards 0.7250-0.7350 (sell zone) where the bearish price action was expected. Bearish persistence below 0.7250 allowed […]
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Serving as a pre-empt for today’s key Non-Farm Payrolls (NFP) data, May’s ADP employment change report had strongly boosted the market’s confidence with a strong number and lifted risk sentiment. With an increase of 253k, the number had significantly exceeded the market’s 180k consensus and jostled US markets higher on Thursday. All eleven sectors on the S&P 500 […]
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
These are the Primary Daily Trading Signals for Friday. Here’s how the interbank compares with the technicals at 8 AM GMT. First up is the Euro/Dollar with 4 and 6 neutral models on its 1 and 4-hour charts, respectively. The 24-hour scale brings 4 buy prompts, and it is in line with the more than […]
Friday 02-06-2017 Lookback
Post by admin on June 2, 2017
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: US Core PCE Price Index Date: […]
Forex News: 02/06/2017 – Dollar at one-week high ahead of non-farm payrolls data
Post by admin on June 2, 2017
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…
The crucial US labour market data for May will be released today, June 2nd at 13:30 BST. It includes non-farm payrolls, unemployment rate and average hourly earnings. Please note that the release of US labour market data will likely cause volatility for USD, USD crosses and Commodities. Non-farm payroll in April was 211K, beating the […]
The USD/CAD pair has made an important low at 1.3385 area and a clear reversal. Trend is bullish. Price is making higher highs and higher lows. I expect to see 1.36 even today and higher towards 1.39 over the coming weeks. Blue line – broken resistance TL The USDCAD has broken above the trend line […]
Global macro overview for 02/06/2017: The latest Energy Information Administration (EIA) data reported bigger than expected draw in Crude Oil inventories. Market participants expected an inventory draw of -2,700k barrels after a slump of -4,432k barrels last week, but the draw was even bigger than expected and it was at the level of -6,428k barrels […]
EUR/USD is making higher highs and higher lows but there are several warning signs in both the 4-hour and daily charts implying a pullback is imminent towards 1.1050 at least. Orange line – horizontal resistance EUR/USD is trading above the 4-hour Kumo but has made a double top rejection so far at the 1.1260 area. […]
The Dollar index remains above critical support at 97. Price held support yesterday and is bouncing towards short-term resistance. Trend remains bearish and there is still no confirmation of a trend change. We could see a trend reversal today after the NFP. Blue lines – trading range The Dollar index is trying to get back […]
GOLD price is pulling back as expected. Price is now testing important short-term support. If this support fails to hold, we should expect Gold price to move towards $1,245. My target for a pullback has been for some time this level and I continue to believe that Gold is not yet ready for a break […]
