These are the Main Daily Trading Signals for Wendesday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar sees 5 neutral models in the short-term. The mid-term brings a contradicting mix of sell and buy prompts, and the daily outlook turns green with 6 studies, matching the more than 25% long […]
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Technical Analysis: 17/05/2017 – EURJPY pauses rally but bullish picture remains
Post by admin on May 17, 2017
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
It was widely reported that President Trump shared highly sensitive information with the Russia Ambassador at a recent meeting at the White House putting further pressure on USD. During today’s early European session the dollar index hit the lowest level of 97.74 last seen back in November 2016, EUR/USD traded as high as 1.1121 a […]
Forex News: 17/05/2017 – Dollar extends losses on escalating Trump – FBI fallout
Post by admin on May 17, 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…
Global macro overview for 17/05/2017: The latest weekly American Petroleum Institute (API) inventory data were better than expected. For the week ending May 12th, API reported a build of 880k barrels, while the market participants expected another draw of 2,000k barrels, following the substantial draw of 5,790k barrels reported last week. As we remember from […]
Global macro overview for 17/05/2017: The Preliminary GDP data from Japan might increase volatility of Yen pairs. The data are scheduled for release at 01:50 am tomorrow night and market participants expect an increase in GDP from 0.3% q/q to 0.4% q/q. This means the economy is expected to grow for a fifth consecutive quarter. […]
The Dollar index remains in a bearish trend breaking to new lows as each level of support we mentioned failed to hold. Price is now heading towards our second target of 97.50-97. A few days back I mentioned that the USDX should bounce from 99 otherwise we will see 98.50 being tested and most probably […]
The Dollar index remains in a bearish trend breaking to new lows as each level of support we mentioned failed to hold. Price is now heading towards our second target of 97.50-97. A few days back I mentioned that the USDX should bounce from 99 otherwise we will see 98.50 being tested and most probably […]
Short-term trend has changed to bullish in GOLD as price has broken out of the 4-hour cloud resistance as expected. Gold price is approaching our target area of $1,250-60 where the important medium-term resistance is found. Blue lines – bearish channel (broken) Gold price is breaking out above the Ichimoku cloud on the 4-hour chart. […]
Good morning traders, let’s see where the Support and Resistance levels stand this Wednesday. Euro/Dollar has been steadily trending North, and it now has R1 of 1 1130 and S1 of 1 1090. All three resistance lines have found exactly one match each. Among these, R2 is a 6 month high and R3 is a […]
Trading plan for 17/05/2017
Post by admin on May 17, 2017
Trading plan for 17/05/2017: The US Dollar is losing ground on Wednesday in reaction to a political scandal in Washington. The stock market is put under the pressure be the worsening sentiment. The Shanghai Composite lost 0.2%, while Nikkei is down 0.6%. A weak API report lowers Crude Oil prices. In that situation, GOLD is […]
Trading plan for 17/05/2017
Post by admin on May 17, 2017
Trading plan for 17/05/2017: The US Dollar is losing ground on Wednesday in reaction to a political scandal in Washington. The stock market is put under the pressure be the worsening sentiment. The Shanghai Composite lost 0.2%, while Nikkei is down 0.6%. A weak API report lowers Crude Oil prices. In that situation, GOLD is […]
USD/CAD intraday technical levels and trading recommendations for May 17, 2017
Post by admin on May 17, 2017
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, significant bearish rejection was expressed around 1.3580 (recently established top). During the […]
NZD/USD Intraday technical levels and trading recommendations for May 17, 2017
Post by admin on May 17, 2017
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 toward 0.7250-0.7350 (Sell-Zone) where the bearish price action was expected. Bearish persistence below 0.7250 allowed […]
NZD/USD Intraday technical levels and trading recommendations for May 17, 2017
Post by admin on May 17, 2017
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 toward 0.7250-0.7350 (Sell-Zone) where the bearish price action was expected. Bearish persistence below 0.7250 allowed […]
Another day, another fall for the Dollar which due to the situation in the US (trump Russia Scandal, FBI sacking) is weighing on investor sentiment. Trump has been a long favorite of implementing tax costs which would have stimulated the economy, however the latest developments give rise to speculation that his tenure as president could […]
Another day, another fall for the Dollar which due to the situation in the US (trump Russia Scandal, FBI sacking) is weighing on investor sentiment. Trump has been a long favorite of implementing tax costs which would have stimulated the economy, however the latest developments give rise to speculation that his tenure as president could […]
USD/CHF is under pressure. The pair recorded lower tops and lower bottoms Since May 11, which confirmed a bearish outlook. The downward momentum is further reinforced by the descending 20-period and 50-period moving averages. The relative strength index broke below the oversold level of 30. On the economic data front, housing starts unexpectedly declined to […]
USD/CHF is under pressure. The pair recorded lower tops and lower bottoms Since May 11, which confirmed a bearish outlook. The downward momentum is further reinforced by the descending 20-period and 50-period moving averages. The relative strength index broke below the oversold level of 30. On the economic data front, housing starts unexpectedly declined to […]
Wave summary: We have seen a direct break above 1.6020 confirming that wave [ii] completed early and wave [iii] higher towards 1.6655 now should be developing. That said, we would like to see upside acceleration to confirm that we are indeed in wave [iii] of iii/ of iii higher. This means minor support seen at […]
GBP/JPY is expected to continue the downside movement. The pair broke below its rising 50-period moving average as well as an ascending trend line and is consolidating. The 20-period moving average is turning down, while the relative strength index is below its neutrality level at 50. As long as 146.30 holds on the upside, look […]
GBP/JPY is expected to continue the downside movement. The pair broke below its rising 50-period moving average as well as an ascending trend line and is consolidating. The 20-period moving average is turning down, while the relative strength index is below its neutrality level at 50. As long as 146.30 holds on the upside, look […]
NZD/USD is expected to trade with a bullish bias above 0.6860. The pair posted a rebound from 0.6859 (the low of May 16). The 20-period moving average crossed above the 50-period one, which indicated a positive signal. The relative strength index is above its neutrality level at 50. To conclude, as long as 0.6860 holds […]
NZD/USD is expected to trade with a bullish bias above 0.6860. The pair posted a rebound from 0.6859 (the low of May 16). The 20-period moving average crossed above the 50-period one, which indicated a positive signal. The relative strength index is above its neutrality level at 50. To conclude, as long as 0.6860 holds […]
Wave summary: The b-wave of the expanded flat moved slightly higher than anticipated, but it has not changed our outlook. We are now looking for wave c below 122.94 to complete wave B. This will set the stage for the next strong rally in wave C towards 138.52. Short term, we expect minor resistance seen […]
