Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]

The gold bear market might be ending now with gold breaking the 3-year resistance levels at 1,380 – 1,400 $ per ounce. Long-term we see a price of 2,150 $ through the Point and Figure charts, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive […]

Yesterday, the dollar trampled again on the spot, despite the fact that data on applications for unemployment benefits clearly favored its decline. The total number of applications increased by 32 thousand, while growth was projected by 2 thousand. In particular, the number of initial claims for unemployment benefits increased by 10 thousand and not 3 […]

To open long positions on GBP/USD, you need: Buyers of the pound need to keep the level of 1.2664, and the formation of a false breakdown there will be another signal to open long positions. The goal of GBP/USD buyers will be to return to the resistance of 1.2715, which was formed yesterday, which will […]

Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

To open long positions on EURUSD, you need: The situation remained unchanged, as well as the technical picture. At the moment, it is best to return to long positions on a false breakout from the level of 1.1348, after updating the low of yesterday, or on a rebound from larger support of 1.1317. The main […]

EUR/USD – 4H. As seen on the 4-hour chart, the EUR/USD pair is trading along with the correction level of 76.4% (1.1367). Most of the traders either left the market or hid as much as possible on the eve of the G20 summit. On the agenda, in fact, is one question: will the leaders of […]

 GBPCAD is currently trading not too far away from yesterday’s 20-month low of 1.6572, having pulled back marginally. The momentum indicators suggest that there is a potential for an upside correction. The RSI, which has been moving around its 30 level over the last month, is pointing up in the oversold area, while the stochastic oscillator is looking for a bullish cross below […]

The residing at the edge of 0.6700 area. Some economists suppose that this is a short-term trend and the pair is likely to slide a bit. The Reserve Bank of New Zealand became the first major central bank to cut its key rates in the latest global shift due to the looser policy. After the […]

GBPJPY had an uneventful trading for another week, remaining stuck between the 137.40 resistance and the 135.79 key support, which coincides with the 78.6% Fibonacci of the upleg from 132.48 to 148.86 . There is however a bullish divergence signal of a possible trend reversal , as the RSI and the MACD continue to print […]

Markets anxiously await US-China trade talks as G20 summit gets underway Dollar and other majors steady but equities struggle Eurozone and US inflation data in focus amid rate cut talk All eyes on Trump-Xi meeting As the G20 summit gets underway in Osaka, Japan, investors’ attention is fixated on the much-anticipated meeting between US President […]

EURNZD lost ground this week, dropping to a new three-week low near 1.6950 today after finding strong resistance at the eight-month high slightly above the 1.7300 psychological mark. The short-term moving averages are ready to create a bearish cross, signaling more losses, while the technical indicators are losing momentum. The RSI is hovering below the […]

EURNZD lost ground this week, dropping to a new three-week low near 1.6950 today after finding strong resistance at the eight-month high slightly above the 1.7300 psychological mark. The short-term moving averages are ready to create a bearish cross, signaling more losses, while the technical indicators are losing momentum. The RSI is hovering below the […]

In Asia, Japan will release the Housing Starts y/y, Prelim Industrial Production m/m, Unemployment Rate, and Tokyo Core CPI y/y. The US will also publish some economic data such as Revised UoM Inflation Expectation, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m. So there is […]

In Asia, Japan will release the Housing Starts y/y, Prelim Industrial Production m/m, Unemployment Rate, and Tokyo Core CPI y/y. The US will also publish some economic data such as Revised UoM Inflation Expectation, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m. So there is […]

Technical Overview: The GBP/USD pair has been trading just above the technical support at the level of 1.2652. The local high was made at the level of 1.2706, but it is not enough for the bulls to continue the move up. Please notice, that any violation of the support level will lead to an even […]

Technical Overview: The GBP/USD pair has been trading just above the technical support at the level of 1.2652. The local high was made at the level of 1.2706, but it is not enough for the bulls to continue the move up. Please notice, that any violation of the support level will lead to an even […]

Technical Overview: The EUR/USD pair has been trading in a narrow consolidation zone located between the levels of 1.1347 – 1.1406. There is still a chance for a move up if the support at the level of 1.1347 holds, but if it will not, then the next support is seen at the level of 1.1268. […]

Technical Overview: The EUR/USD pair has been trading in a narrow consolidation zone located between the levels of 1.1347 – 1.1406. There is still a chance for a move up if the support at the level of 1.1347 holds, but if it will not, then the next support is seen at the level of 1.1268. […]

GBP/JPY challenged short-term important resistance at 137.13 and failed to break clear above that keeps us in a dead-lock for now. It is more favorable that wave 2 has completed with the test of 135.35. At the moment, wave 3 now is developing for an ultimate break above the 148.87 peak. We need a clear […]

We expect that short-term support near 122.11 will protect the downside for the next push higher towards 123.18 and 124.16. As we predicted, wave II completed with the test of 120.75 and wave III higher towards at least 129.59 now is developing. At 129.59 the ongoing rally will be equal in length to the January […]

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Forecast for June 28: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1452, 1.1428, 1.1404, 1.1388, 1.1353, 1.1334 and 1.1305. Here, we continue to follow the development of the ascending structure of June 18. Continuation of the movement to the top is expected […]

A few hours remain before the start of the G20 summit in Osaka, Japan. The closer the meeting between Donald Trump and Xi Jinping, the stronger the unrest in the market, which is still weak in currency quotes, but it is a matter of time. After stagnation, the market usually explodes. Now, traders have taken […]