The price zone of 0.7320-0.7390 stood as a significant supply zone during recent bullish pullback. The bulls failed to execute a successful Bullish breakout above 0.7400 during the previous week’s consolidations. The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until bearish breakdown of 0.7200 occurred. Since April 13, significant […]
Daily Outlook The short-term outlook turns to become bearish as long as the EUR/USD pair keeps trading below the broken uptrend as well as the lower limit of the depicted consolidation range remains broken. Bearish persistence below the price level of 1.2200 allowed further bearish decline towards the price levels of 1.1990 and 1.1880. The […]
Trading recommendations: According to the H1 time frame, I found a series of higher highs and higher lows, which is a sign that demand is in control. I also found a testing of a rising upward trendline (support), which is another sign that selling looks risky. My advice is to watch for potential breakout of […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1723. On the H1 time frame, I found a breakout of the supply trendline in the background, which is a sign that buyers are in control. I also found a potential end of consolidation after the breakout, which is another sign […]
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/USD) Visit http://www.xm.com the international Forex broker. Related Posts:Technical Analysis – Goldman Sachs stock gains on strong… April 15, 2024 Goldman Sachs shares pull […]
AUDUSD The AUDUSD pair has been boosted today by better Australian economic data leading to a move up to resistance at the descending Blue trend line at 0.76425. A retest of this trend line confirms the area as resistance and price has now initially pulled back away from the line. The level has been used […]
Just like in the previous years, XM continued to host free forex trading seminars in various cities of the Philippines. The latest XM seminar that took place in Davao City on 26th May and in Cagayan de Oro on 2nd June and where the topic titled The Basics of Forex Trading was presented to our […]
Gold remains under pressure and risk is still to the downside as prices continue to drift lower from the 1300 psychological level. It is worth mentioning that the precious metal has been developing within a sideways channel since May 23 with upper boundary the 1307.50 resistance level and lower boundary the 1289 support barrier. The […]
AUD/USD is expected to trade with bullish outlook. The pair broke above the declining trend line since May 31, which confirmed a bullish outlook. The 20-day moving average turned up and crossed above the 50-day one. The relative strength index is mixed to bullish. Therefore, as long as 0.7600 holds on the downside, look for […]
Trading plan 04/06/2018 General picture: All attention to trade disputes between the US and the EU and China. At the weekend was the “Big Seven”. The main theme was the decision of Trump to introduce new import duties in the US steel and aluminum, for the US allies (Europe, Canada) and for China. All the […]
Burning forecast 06/04/2018 EURUSD: Waiting for growth. The focus of the discussion is the United States of America and the United States of America. This trade conflict was the main topic at the meeting of the Group of Seven over the weekend at the level of the Ministry of Finance. The EU and Canada acted […]
These are the Dukascopy Daily Trading Signals for Monday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar’s hourly models are mostly pointing North. Mid term models show mixed results and 4 indicators are neutral in the daily scale. The close to 25% short interbank is bearish. Pound/Dollar’s short and long […]
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/USD) Visit http://www.xm.com the international Forex broker. Related Posts:Technical Analysis – Goldman Sachs stock gains on strong… April 15, 2024 Goldman Sachs shares pull […]
The new week begins much the same as the old one ended, with markets in risk on mode, equities markets higher, while gold moved down. The USD is weaker against all currencies expect the yen. The mood is mainly positive due to better US job creation seen in the NFP data which has carried stocks […]
Here are the latest developments in global markets: FOREX: The dollar eased a bit versus a basket of currencies on Monday after being boosted on Friday on the back of a largely upbeat US employment report. The aussie was a notable outperformer versus the greenback, being helped by better-than-expected Australian retail sales data. STOCKS: Wall […]
The American economy has created 223,000 new vacancies in May and this is definitely more than the median of forecasts, which was at the level of 190,000. A month ago, the change in employment amounted to 162,000 new jobs, so the data not only beat the expectations, but beat the previous month reading as well. […]
On Friday, a report on the US labor market for May was published. The report was unexpectedly strong. The number of new jobs increased by 223 thousand, which significantly exceeded the forecast of 188 thousand. The unemployment rate dropped to 3.8% against 3.9% a month earlier. The average hourly wage grew by 0.3%, exceeding April’s […]
The EUR/USD pair has reached the weekly Kumo (cloud) support. In the same area around the cloud support, we also find the long-term 38% Fibonacci retracement support. Last week’s candle is a bullish reversal hammer candlestick pattern. This reversal will be confirmed on a weekly close above last week’s high. Support is last week’s lows […]
Financial media reports that Estonia withdrew its plan to issue the national cryptocurrency of Estcoin after criticism from the President of the European Central Bank, Mario Draghi, and local banks. Managing director of the Estonian e-residency program, Kaspar Korjus, proposed the creation and release of Estcoin in August last year. In addition to becoming the […]
Gold price was unable on Friday to break above the medium-term resistance of $1,305 and pulled back below $1,300 towards $1,290. We continue to consider this pull back as a buying opportunity and that Gold will eventually and most probably this week break higher towards $1,310-20. Yellow line – medium-term resistance Red lines – extension […]
After the weekend, the dollar is slightly weaker than the other major currencies with AUD on highs after good data from Australia. Despite solid macro data from the US on Friday, the dollar cannot develop a stronger rally, as the uncertainty surrounding political risks hampers the enthusiasm of investors. USD/JPY remains blocked at 109.75. EUR/USD […]
EURUSD is on course for a possible bullish retracement following the rebound on the 10-monnth low around 1.1510. The sharp sell-off, especially in the past seven weekly sessions, has shifted the long-term outlook from positive to negative. However, the momentum indicators in the near-term are supportive for the bullish correction. From the technical point of […]
In Asia, Japan will release the Monetary Base y/y. On the USD front, the US will release some economic data such as Factory Orders m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. 3: 110.22. Resistance. 2: 110.00. Resistance. 1: 109.79. […]
According to the 4-hour chart, the Loonie is now moving in the upward sloping channel. It seems the price is going to test the lower channel support before it rebounds again to re-test the previous resistance at 1.3028. As long as the price does not brea kout and closes below 1.2742, the bias of the […]
If we look at the 4-hour chart, we see that Bitcoin has hit the dynamic support Exponential 100-period Moving Average by Close (near a downward sloping channel). It seems that BTC is going down to test the lower channel and this has been already confirmed too by divergence between the Stochastic Oscillator and the price. […]
Overview: The NZD/USD pair continues to move upwards from the level of 0.6963. Yesterday, the pair rose from the level of 0.6963 (the level of 0.6963 coincides with a ratio of 78.6% Fibonacci retracement) to a top around 0.6985. Today, the first support level is seen at 0.6963 followed by 0.6924, while daily resistance 1 […]
Overview: The EUR/USD pair has broken support at the level of 1.1708 which acts as a resistance now. According to the previous events, the EUR/USD pair is still moving between the levels of 1.1708 and 1.1586. Therefore, we expect a range of 122 pips in coming hours. The trend is still below the 100 EMA […]
The index is having a bullish momentum above the support level of 93.91, where a rebound is taking place. To the upside we might expect a resistance to be found around 94.88. If a breakout happens over there, all the force will concentrate in order to re-test the 95.53 level and MACD indicator is favoring […]
The pair is looking for a clear direction across the board, as the bulls are making a shy attempt to regain the control of the situation. The 200 SMA at H1 chart keeps adding pressure to the downside as a dynamic resistance, but if GBP/USD manages to break above 1.3341, then we can expect further […]
Morning Report: 07.00 London The dollar index is on the back foot this morning after failing to ignite on Friday despite better than expected US economic data, including NFP. Dollar weakness comes amid a general appetite for risk taking and uncertainty over the dollar’s long-term prospects in light of Trump’s policies. The Australian dollar has […]
