• NZD/USD is dropping nicely, remain bearish

    The price continues to drop nicely from our selling area as expected and is seeing a nice bearish reaction below 0.7065 resistance (Fibonacci retracement, Fibonacci extension) where we expect a drop to at least 0.6968 support (Fibonacci retracement, recent swing low support). We can see that the price has made a bearish exit in a […]

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  • EUR/JPY profit target reached, prepare to buy

    The price has shot down and reached our profit target. We prepare to buy above major support at 119.15 (Fibonacci extension, Fibonacci retracement) for a bounce up to at least 120.33 (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above the 4.2% level and also displays bullish divergence versus the price. Buy […]

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  • Trading Plan for EUR/USD and Gold for March 24, 2017

    Technical outlook: The EURUSD had dropped yesterday according to the plan discussed here and almost hit the first levels at 1.0750, before pulling back higher again. The current wave structure reveals that the rally is corrective in nature at least for now. As labeled here on the hourly chart, the drop from 1.0825 levels unfolded […]

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  • Elliott wave analysis of EUR/NZD for March 24, 2017

    Wave summary: The triangle consolidation we mentioned yesterday is shaping up nicely and all that is needed is a minor setback to 1.5285 before the triangle is complete and wave [5] higher to 1.5764 should be expected. A break above minor resistance seen at 1.5441 will indicate that wave [v] higher is unfolding. R3: 1.5537 […]

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  • Elliott wave analysis of EUR/JPY for March 24, 2017

    Wave summary: We continue to look for a firm test of minor resistance seen at 120.34, This resistance might be broken slightly before a correction toward 119.65 from where the next strong rally is expected higher toward 122.88 and above. R3: 121.05 R2: 120.65 R1: 120.34 Pivot: 120.00 S1: 119.60 S2: 119.28 S3: 119.16 Trading […]

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  • USD/CAD intraday technical levels and trading recommendations for March 24, 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 […]

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  • NZD/USD intraday technical levels and trading recommendations for March 24, 2017

    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 further advance toward 0.7250-0.7350 (Sell-Zone) […]

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  • NZD/USD Hovers Around Major Support Prior to US Healthcare Vote

    NZD/USD has retraced substantially since March 21st, as it was nearing the short-term major resistance level at 0.7100. This morning, the bearish momentum was held above the significant psychological support line at 0.7000, where the 10 SMA converges (on the daily chart), the support here is stronger. The 4-hourly Stochastic Oscillator is around 20, suggesting […]

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  • Bullet Report: Dollar Strikes Back thanks to Trump

    The dollar came back yesterday after US President Donald Trump’s healthcare bill got postponed for next week. The bill is considered as a first test of passing something through congress, and is seen as an indication as to whether the rest of his TAX policies will have a chance to materialize in the future.  With […]

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  • USD/JPY analysis for March 24, 2017

    Recently, the USD/JPY pair has been trading sideways at the price of 111.10. According to the 1H time frame, I found powerlessness from the buyers to move USD/JPY higher, which is a sign of weakness. The USD/JPY is in short – term bearish trend. My advice is to watch for selling opportunities. Targets are set […]

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  • EUR/USD analysis for March 24, 2017

    Recently, the EUR/USD pair has been trading upwards. The price tested the level 1.0821. According to the 1H time frame, I found broken falling wedge and upward cycle. My advice is to watch for potential buying opportunities. There is also an upward channel, which is holding successfully. Targets are set at the price of 1.0820, […]

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  • Healthcare Vote Postponed Due To Republican Disagreement

    The vote on President Trump’s first bill proposal since taking office, to repeal Obamacare and replace it with the American Health Care Act, was postponed abruptly from Thursday evening to Friday due to severe disagreements within the Republican party. President Trump and Republican leaders have been attempting to convince more Republicans to support the new […]

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  • EUR/GBP fundamental analysis for March 24, 2017

    After retesting the 0.8760 resistance area the price has drastically fell towards 0.86. Today was an important day for EUR having French and German Manufacturing PMI where both posted positive result of 53.4 and 58.3, which was better than the forecast made for the events. Today Flash Manufacturing PMI also released with positive result at […]

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  • Global macro overview for 24/03/2017

    Global macro overview for 24/03/2017: The main political and economic issue is the future of the Obamacare health program. During the presidential campaign, Trump promised to change the current health system in the US that is not working very well in his opinion. The voting should have taken place yesterday, but the Republican Party did […]

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  • EUR/USD fundamental analysis for March 24, 2017

    EUR/USD has been in a non-volatile up trend since the bounce from 1.0550 support level. Currently the price is correcting below the resistance of 1.0800. Today is quite a positive day for EUR having French Flash Manufacturing PMI at 53.4 which was expected to be at 52.4, French Flash Services report at 58.5 which was […]

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  • Trading plan for 24/03/2017

    Trading plan for 24/03/2017: The market is waiting for the vote on the future of the Obamacare system. In the meantime, the dollar regains some strength, which is helping to stabilize the 10-year profitability of more than 2.40 percent. EUR/USD is heading towards 1.0760. The Wall Street has a modest decline, but Asia is dominated […]

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  • Technical analysis of USDX for March 24, 2017

    The Dollar index has broken out of the downward sloping wedge. The price is showing reversal signs. I expect the Dollar index to strengthen towards 100.80-101 over the next couple of sessions. Trend is bearish as the price is below the 4-hour cloud. Blue lines – downward sloping wedge The Dollar index is testing the […]

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  • Daily analysis of USDX for March 24, 2017

    USDX is being supported by the 99.66 level in the short-term, with a strong resistance trying to cap gains across the board around 100.15. If we witness a breakout over there, one could expect further advances toward 100.64, where the bullish bias could become the main path for the coming days. MACD indicator is reaching […]

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  • Daily analysis of GBP/USD for March 24, 2017

    GBP/USD still is challenging the resistance zone of 1.2512, where a breakout is likely to happen in the short-term, amid a strengthening of the bulls. When that happens, Cable may attempt a testing of the 1.2570 level, while a pullback can take the pair to reach the 1.2391 zone, where the 200 SMA at the […]

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  • Technical analysis of gold for March 24, 2017

    The GOLD price has finally shown some reversal signs that we have been expecting for some time now. The pullback has started and I expect to see Gold price test support around $1,230-$1,220. My long-term view remains bullish. Blue lines – support trend lines The gold price has broken trend line support and both oscillators […]

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  • Friday 24-03-2017 Lookback

    Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to examine a successful trade you could have made this week. Event: UK Consumer Price Index (YoY, February) […]

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  • 10 Female Traders You May Need to Follow on Social Media

    If you’re a trader, there’s no shortage of financial gurus to follow on Twitter. Today, we want to look at some great female traders and market commentators, and how you can follow them. This top-ten list is sure to entertain as much as inform you. It should also serve as a reminder that women are […]

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  • Technical analysis of USD/JPY for March 24, 2017

    USD/JPY is under pressure. The pair is consolidating below its 50-period moving average, which is playing a resistance role. Additionally, 111.75 represents a significant key resistance level, which should limit the upside potential. The relative strength index is below its neutrality level at 50 and lacks upward momentum. As long as 111.75 holds on the […]

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  • Technical analysis of USD/CHF for March 24, 2017

    USD/CHF is expected to rebound and the rebound should be limited. The pair is holding on the upside and is trading above its rising 50-period moving average, which plays a support role and maintains the bullish bias. The relative strength index stands firmly above its neutrality level at 50 and lacks downward momentum. Republicans in […]

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  • Technical analysis of NZD/USD for March 24, 2017

    NZD/USD is expected to trade in a lower range. The technical picture of the pair remains negative below its key resistance at 0.7035. The declining 50-period moving average suggests that the pair still has a potential for a further drop. The relative strength index is below its neutrality level at 50 and lacks upward momentum. […]

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  • Technical analysis of GBP/JPY for March 24, 2017

    GBP/JPY is Under pressure. The pair has been capped by both descending 20-period and 50-period moving averages and remains on the downside. The technical configuration remains negative as the 20-period moving average is below the 50-period one, and the relative strength index is below its neutrality area at 50. As long as 139.35 holds as […]

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  • Technical analysis of EUR/USD for Mar 24, 2017

    When the European market opens, some Economic Data will be released, such as Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will release the Economic Data, too, such as Flash Services PMI, Flash Manufacturing PMI, Durable Goods Orders […]

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  • Technical analysis of USD/JPY for Mar 24, 2017

    In Asia, Japan will release the Flash Manufacturing PMI data, and the US will release some Economic Data, such as Flash Services PMI, Flash Manufacturing PMI, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL […]

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  • Daily analysis of major pairs for March 24, 2017

    EUR/USD: The EUR/USD consolidated throughout yesterday. Price is currently active around the support line at 1.0800. It has tested it several times and it is bent on moving above it, going toward the resistance lines at 1.0850 and 1.0900. USD/CHF: This currency trading instrument has gone far below the great psychological level at 1.0000, which […]

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  • Bitcoin, Fork in the Path

    When boiling down the issues and coming up with a solution, we can only ask one question: Will a hard fork be the solution? With Bitcoin having such a massive increase in international adoption within the finance and tech industry, we also start to see a correlating increase in the number of total daily transactions […]

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