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 […]

French election weekend is over, so let’s see what’s moving and shaking on the FX markets at 3 PM GMT on this week’s opening trading day. Most of the session has been bullish for the New Zealand/Swissie and the pair has gained more than 1% to post the day’s biggest move. France has elected Emmanuel […]

We are now seeing price test major resistance at 1.0980 (multiple fibonacci extensions, Elliott wave theory) and we expect a drop from this level to at least 1.0880 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is also seeing major resistance below the 95% level where we expect a drop from. Correlation analysis: EUR/USD […]

Price has formed a really nice 5-wave movement going down. This is the first sign of a good bullish bounce. We look to buy above 0.7383 support (Fibonacci retracement, horizontal overlap support, bullish divergence) for a bounce up towards 0.7461 resistance (Fibonacci retracement, Elliott wave theory, horizontal pullback resistance).Stochastic (55,5,3) is seeing major support above […]

Price has shot up from our buying area and reached our profit target perfectly. We now prepare to sell below 83.63 resistance (Fibonacci retracement, horizontal overlap resistance, Elliott wave theory) for a drop towards 82.82 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave theory). Stochastic (34,5,3) is seeing major resistance below the 92% […]

Technical outlook: The EUR/USD pair finally seems to have formed a meaningful top today after gapping up in early hours but then reversing sharply lower. The pair is seen to be trading at 1.0937/38 levels for now, looking to a further push lower towards 1.0890/1.0900 levels today. If it does drop though the above-said levels, […]

Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.

Recently, GOLD has been extending losses. The price tested the level of $1,220.91. Anyway, according to the Daily time frame, I found a successful test of the previous swing low and a gap filled, which is a sign that selling looks risky. Also, the RSI looks oversold and my advice is to watch for potential […]

It’s a new trading week and time for us to see how traders have managed to work out the rate shifts during the morning session. Euro/Dollar has seen its trend change and the pair was point 24% in the red at noon. Turnover is high and sentiment of the traders is neutral, 3% long. Both […]

USD/JPY has been in a bullish non-volatile trend until it reached the resistance area of 112.50-113.00. In light of the French Election, USD/JPY also opened with a GAP today which was later filled up by the bears in this pair. Today, Japan presented Consumer Confidence report which revealed a negative index of 43.2 which was […]

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2989. Anyway, according to the Daily time frame, I found a false breakout of the 20-day high and overbought RSI (2 period). My advice is to watch for potential selling opportunities. The downward targets are set at the prices of 1.2835 […]

EUR/USD has gone through a good amount of bearish pressure after the GAP formed during the opening bell in the market today. Emmanuel Macron has been elected as the new president of France and the result is expected to strengthen EUR in the coming days. Today, amid the presidential election all the banks in France […]

Hello traders, let’s see which news releases could move the currency markets on Tuesday, the 9th of May. Swiss Unemployment Rate for April is out at 5:45 AM. The seasonally adjusted rate has stood at the same low level for the past 11 months, and the trend is expected to continue. Two news releases regarding […]

Overview GOLD price has not shown any strong move since morning. The metal is still fluctuating around 1,229.00. Thus, we do not expect any change in the bearish scenario that depends on holding below 1,244.00 and 1,250.00 levels. We are waiting for the target of 1,208.92 as the next main station. Please note that breaking […]

Overview Silver price is confined inside bearish pennant’s pattern, which means that breaking this pattern’s support at 16.25 will enable the price to resume the bearish trend, as the next target is located at 15.49. Therefore, the bearish scenario will remain dominant in the near term, supported by the negative pressure formed by the EMA50. […]

Trading has resumed on this Monday and you’re watching the main Spike Controller providing you with the benchmark interbank price data. First up is the Euro/Dollar, which has a daily average spread of point 4 pips. Maximum separation has been point 8 pips. Euro has moved South against the Dollar, dropping below the 1 10 […]

Overview: Pivot point: 1.2744. The GBP/USD pair faced strong resistance at the level of 1.2973 because the double top is set around the spot of 1.2986. So, the strong resistance has been already formed at the level of 1.2973 and the pair is likely to try to approach it in order to test it again. […]

Global macro overview for 08/05/2017: Another set of good data from the US job market was delivered on Friday. The Non-Farm Payrolls increased 211k in April compared with expectations of a gain around 190k for the month. The March data was revised to 79k from the 98k reported previously and the 3-month average was little […]

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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

You’re watching the Main Daily Trading Signals for Monday. Here’s how the interbank compares with the technicals at 8 AM GMT. All three time ranges bring different results for the Euro/Dollar, which is mostly bearish in the short-term and neutral in the mid-term. The daily outlook turns green with 6 studies, and it matches the […]

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…

Macron won the final battle of the French presidential election which was in line with market expectations. He has become the youngest president in the French history. Notably, Macron got 66.06% of the votes, largely surpassing his opponent Le Pen’s 33.94% outperforming the 20% lead poll projections. The voting ratio was 65.3%, which was lowest […]

Trading plan for 08/05/2017: E. Macron won more than 65 percent in the second round of the election. Originally, the Euro rallied in response to such outcome on the French political scene, but currently, the common currency is losing ground against all major currencies outside the Australian dollar. EUR/USD is trading at 1.0975, which is […]

The Dollar index is trading below important long-term support but it shows reversal signs. As said in previous posts, the downside is limited as the RSI indicators are on the oversold territory and diverging in the short term, justifying a bounce towards 99. Red line – resistance The Dollar index is trading below the 4-hour […]

GOLD price made a lower low in early Asian trade this morning but the RSI is showing some glaring divergence signs. Gold price reversed sharply upwards implying that the downside is most probably limited and a bounce has started. Gold is oversold and is showing divergence signs in the both RSI indicators. Price is trading […]