These are the Main Daily Trading Signals for Tuesday. Here’s how the interbank lines up with the technicals at 8 AM GMT. Euro/Dollar sees a mix of sell and neutral prompts in the short-term. The mid-term is mostly bearish, and the daily outlook brings 6 neutral models, but, in contrast, the interbank is bullish at […]

The Dollar index saw a rebound with strong bullish momentum on Monday after hitting a 6-month low of 98.40 last Friday. This morning, during the European session, the dollar index bulls have recovered the significant resistance level at 99.00. USD/JPY hit a high of 113.68, last seen on March 15. The dollar index has given […]

Trading plan for 09/05/2017: Tuesday night in the markets was definitely calm. EUR/USD is trading in a range in a dozen or so pips around 1.0925. A similar scale of volatility shows USD/JPY as it is hovering around 113.00 level. The Australian dollar is again one of the worst performers. The Asian session was calm […]

The Dollar index is bouncing as we expected from our last post. Price is now trying to break above the 4-hour Kumo resistance and move towards the first Fibonacci retracement level of importance at 99.60. Red line – resistance The Dollar index has broken above the red trend line resistance. Trend is neutral in the […]

GOLD price is trading around $1,220-$1,210 support area and the downside is limited currently. Price is expected to make a strong move higher at least towards $1,260. Blue lines – bearish channel Gold price is trading below the 4-hour Kumo (cloud) and has short-term resistance at $1,237 and next at $1,260. Trend is still bearish. […]

This is the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out today. Euro/Dollar has the closest levels of 1 0940 in resistance and 1 0910 in support. The lowest resistance line has found 6 matches. R2 is backed up by a psychological level, Price Channel Indicator Upper Line and […]

Wave summary: As expected, the corrective decline from 1.6020 is extending and should be able to reach support seen at 1.5644 before completing and setting the stage for the next impulsive rally higher towards at least 1.6655, and much higher levels towards 1.7196 and 1.7564 should be expected in the longer term. However, at first […]

Wave summary: The corrective decline in wave B is unfolding as expected. We should now see minor resistance at 124.02 protecting the upside for the next decline to the 120.69 target. This will likely complete wave B and set the stage for a new impulsive rally in wave C. That said, we need to allow […]

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0570, which had been previously reached in August 1997. […]

In December 2016, the NZD/USD pair was trapped within the depicted price range (0.6860-0.6990) until a bullish breakout occurred. 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 […]

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 […]

The first round of France’s presidential election was seen as a major achievement for the Europhiles, who are hanging their hat on a victory for Emmanuel Macron. The pro-European Union (EU) centrist secured 24% of the popular vote during the first round of voting, pitting him against far-right Marine Le Pen in a winner-take-all runoff […]

USD/JPY is expected to trade with a bullish outlook. The pair remains bullish above its nearest support at 112.85, and is likely to post a further advance. Both the 20-period and 50-period moving averages are turning up, and should call for a new bounce. Besides, the relative strength index is positive above its neutrality area […]

USD/CHF is expected to continue its upside movement. The pair recorded a succession of higher tops and higher bottoms since May 8, which confirms a bullish outlook. The upward momentum is further reinforced by its rising 20-period and 50-period moving averages, which maintain the upside bias. The relative strength index is supported by a rising […]

NZD/USD is expected to trade with a bullish outlook. The pair has bounced up from another test of support at 0.6900, which is playing a key support role and should limit the downside potential. The prices broke above its 20-period and 50-period moving averages with strong momentum. In addition, the relative strength index is above […]

GBP/JPY is expected to continue its upside movement. The pair remains above both 20-period and 50-period moving averages, and is likely to continue its rebound. And the relative strength index is still above its neutrality area at 50, and is positively oriented. As long as 146.10 is not broken down, a further advance is preferred […]

EUR/USD: The EUR/USD pair moved south on Monday, while the bias on the market remains bullish. A movement below the support lines at 1.0850, 1.0800 and 1.0750 would result in a bearish signal, while a rally from this point would serve to strengthen the existing bullish bias. USD/CHF: The USD/CHF pair went upwards on Monday […]

In Asia, Japan will release the 10-y Bond Auction and Average Cash Earnings y/y. On the US dollar’s front, the US will post some economic data too such as IBD/TIPP Economic Optimism, Final Wholesale Inventories m/m, JOLTS Job Openings, and NFIB Small Business Index. So there is a probability the USD/JPY pair will move with […]

When the European market opens, some economic data will be released such as Italian Retail Sales m/m, French Gov Budget Balance, German Trade Balance, and German Industrial Production m/m. The US will release a series of statistics too such as IBD/TIPP Economic Optimism, Final Wholesale Inventories m/m, JOLTS Job Openings, and NFIB Small Business Index. […]

Overview: The NZD/USD pair continues to move upwards from the level of 0.6847. Today, the first support level is currently seen at 0.6847, the price is moving in a bullish channel now. The level of 0.6847 coincides with the double bottom, which is expected to act as a minor support today. Besides, the double bottom […]

Overview: The USD/CHF pair continues to move upwards from the level of 0.9949. Today, the first support level is currently seen at 0.9949, the price is moving in a bullish channel now. In addition, the price has set above the major support at the level of 0.9949, which coincides with the 38.2% Fibonacci retracement level. […]

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The index managed to hold the support zone of 98.42 and it’s currently consolidating above the 200 SMA on H1 chart. The next resistance is placed around 99.28, where a breakout should open the doors to test the 99.63 level, but overall, the structure is calling for further weakness in the greenback to re-test the […]

GBP/USD struggled to reach the psychological level of 1.3000 and remains well consolidated below the 1.2950 zone. Currently, the price action points to test the 200 SMA on H1 chart, where a dynamic support can be found in the short term. Around that area, we can expect further bullish momentum in the Cable in order […]

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