Recently, the USD/JPY pair has been trading sideways at the price of 110.90. Anyway, according to the 30M time frame, I found a breakout of the key swing low in the background, which is a sign that buying looks risky. My advice is to watch for potential selling opportuntiies. The downward target is set at […]

USD/CAD has been in a bearish non-volatile trend since the break below 1.3600 level. Currently, the pair is undergoing a short-term correction which can lead to a temporary bullish move in this pair. Today, Canada released an important GDP report which is expected to be show a 0.3% growth from 0.0% previously. As the data […]

Thursday is the Manufacturing PMIs day, so let’s take a closer look with the economic calendar. The first item on the schedule comes at 6 AM, and it’s the UK Nationwide House Price Index for May. Home prices have been declining on a monthly basis for the past two months; moreover, the annual growth in […]

Keep your broker in check by watching the Primary Dukascopy Spike Controller brought to you by the Dukascopy Forex TV Team. Euro/Dollar’s long term average spread is point 3 pips and both of the sides were 3.9 pips apart yesterday. Rate movement has been mostly calm and the biggest move is a gain of point […]

Recently, the GBP/USD pair has been trading sideways at the price of 1.2840. Anyway, according to the 30M time frame, I found a fake breakout of the yesterday’s high and strong buyers’ reaction. There is also a hidden bullish divergence on the moving average oscilator and confirmed double bottom formation. These are signs of strength. […]

How public holidays affect your trading. Between Monday and Friday, the global financial markets are usually buzzing with activity. Given that we operate in a 24-hour market, there’s rarely a time during the day that trading activity is at a complete standstill. Unless, there’s a holiday. Trading hours can sometimes be affected during holidays, as the […]

EUR/USD: This pair made a faint bearish attempt on Monday, and then rallied slightly on Tuesday. Needless to say, the rally was helpful enough to help restore the recent bullish bias on the market. There are possibilities of price reaching the resistance lines at 1.1250 and 1.1300 today or tomorrow. However, things would eventually come […]

These are the Main Daily Trading Signals for Wednesday. Here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar’s hourly chart sees 4 buy prompts, while the 4 and 24-hour scales both are divided between green and neutral models. The interbank is bullish at more than 16% long, and it supports the […]

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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…

Global macro overview for 31/05/2017: The Reserve Bank of New Zealand published its Financial Stability Report (FSR) overnight. The Financial Stability Report is published every six months and it assesses efficiency of the New Zealand financial system. In the latest issue, the main topic was the overheated housing market which is the key challenge to […]

The Brexit negotiation process is one of the focuses of the upcoming UK election. Although the Conservative Party has pledged a smooth and orderly Brexit, Theresa May expressed on Monday evening that she will push for a hard Brexit without any deal than paying a hefty bill for leaving the EU. She expects a fair […]

The Dollar index strength was short lived as price fell back towards short-term support at 97.25 area. Price remains inside a sideways channel and trading range. We need a clear break above 97.75 or below 97 to see a clear trending move. Blue lines – sideways channel The Dollar index is trading inside the 4-hour […]

Trading plan for 31/05/2017: Not much changes across the financial markets overnight. The Asian session was noted with low volatility, Shanghai Composite is up 0.2% and the Japanese Nikkei is losing 0.3%. On FX market only the British Pound is losing ground as the YouGov poll for The Times pointed out that Tories could run […]

GOLD price is trading between $1,270-60. Overall Gold bullish strength has weakened. Although we may see a new higher high towards $1,280-90, I do not believe Gold is ready to break above $1,300. I believe it is more probable to see a pullback towards $1,200-$1,230 first. Blue lines – trading range Gold price is holding […]

Wave summary: We continue to look for a dip below support seen at 1.5588, ideally closer to 1.5537, to complete the expanded flat correction and setting the stage for a new impulsive rally in wave iii/ towards 1.6655. Short term, a break above minor resistance seen at 1.5869 and more importantly a break above resistance […]

Wave summary: The low of wave ii was seen at 123.12 just above our ideal target seen at 123.02. We are now looking for a break above minor resistance seen at 124.65, confirming wave iii higher is developing for a rally to above 125.81 for a continuation higher to 134.30. Short term, we could see […]

When the European market opens, some Economic Data will be released, such as Unemployment Rate, Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, German Unemployment Change, French Prelim CPI m/m, and German Retail Sales m/m. The US will release the Economic Data, too, such as Beige […]

In Asia, Japan will release the Housing Starts y/y and Prelim Industrial Production m/m data, and the US will release some Economic Dat, such as Beige Book, Pending Home Sales m/m, and Chicago PMI. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. […]

Overview: On the four-hour chart, the NZD/USD pair bullish trend from the support levels of 0.7001 and 0.7053. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support […]

Since April 2016, the USD/CAD pair has been trending upward 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 […]

In December 2016, a bullish breakout above 0.6960-0.7000 allowed the pair to head toward the price level of 0.7100 (the 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 […]

Overview: The USD/CHF pair is still calling for a strong bearish market from the area of 0.9787 and 0.9847. The bias remains bearish in the nearest term testing 0.9691 or 0.9645. The first resistance level is seen at 0.9787 followed by 0.9847, while daily support 1 is seen at 0.9691. The USD/CHF pair broke support […]

http://www.elliottwave.com/Investor-Research/Asian-Pacific-Financial-Forecast-Service?tcn=ytv1703 In 2016, the prevailing sentiment toward China’s economy was negative. Yet, if investors had avoided China’s internet sector, they would have missed a significant advance. The whole episode teaches a valuable lesson. Learn How the Wave Principle Can Improve Your Trading

USDX struggled to consolidate above the 200 SMA at H1 chart, as the bears were the main driver of the index during Tuesday’s session. Currently, it’s targeting the support zone of 96.90 with bearish projections towards the 96.25 level. To the upside, the next resistances are still placed around 97.41 and 98.11. MACD indicator still […]