Overview: The NZD/USD pair continued moving upwards from the level of 0.7200. This week, the pair rose from the level of 0.7200 (weekly support) to the top around 0.7285. Today, the first support level is seen at 0.7200 followed by 0.7145, while daily resistance is seen at 0.7336. According to the previous events, the NZD/USD […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.2444. According to the 30M time – frame, I found series of higher highs and higher lows, which is a sign that buyers are in control. I also found a bullish cross on the stochastic oscillator, which is another sign of […]
EURJPY remains under strong pressure as it has started an aggressive bearish correction since February 2. The price lost more than 30% of its gains since April 2017 as it tried to challenge the 38.2% Fibonacci retracement level at 128.80 of the upleg from 114.90 to 137.50. During today’s European session the pair completed two […]
Recently, gold has been trading upwards. The price tested the level of $1,340.42. According to the 30M time-frame, I found a successful rejection of the pivot level ($1,330.84), which is a sign that selling looks risky. I also found a hidden bullish divergence on the stochastic oscillator, which is another sign of strength. My advice […]
Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $10.369. The controversial owner of the web portal Bitcoin.org and Bitcointalk, an anon named ‘Cobra Bitcoin’, has been a popular subject within the cryptocurrency community lately. It’s strange that a person who nobody really knows has so much control within […]
The US index has taken a fall lower with worries over trade tariffs. Today, it is opening with a gap down after the US Chief Economic Advisor to President Trump resigned last night. This raises the risk of a trade war taking place. The price has found support around the 2680.00 area and has a […]
Make sure your broker is staying honest by watching the Dukascopy Spike Controller. These are the benchmark interbank price stats for Wednesday. Euro/Dollar’s spreads have averaged at point 33 pips during the past 24 hours, peaking at 1.4 pips. The pair appreciated by a total of 100 pips or point 81% as it broke through […]
Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated upcoming bearish reversal. As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why, further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident signs of […]
Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100-1.2200 (multiple previous bottoms 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 1.0500, which had been previously reached in August 1997. […]
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:Analysis for the EUR/USD pair on April 17th. Jerome Powell… April 17, 2024 The wave analysis […]
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:GBP/USD. Analysis for April 8th. The pound remains expensive… April 8, 2024 The wave analysis for […]
Bank of Canada monetary policy announcement is one of the highlights for this Wednesday, so stay with us to find out more with this edition of the Economic Calendar. UK Halifax House Price Index for February opens this agenda at 8:30 in the morning. On a monthly basis, prices fell for the second consecutive month […]
Here are the latest developments in global markets: FOREX: The dollar was recording losses versus a basket of currencies, falling to its lowest in two weeks, as fears over as potential trade war were rekindled following the resignation of US President Trump’s top economic advisor, a free trade proponent. STOCKS: US markets managed to close […]
Kakao, a service provider for the large South Korean mobile messaging application KakaoTalk, will set up a branch of Blockchain, a pre-named Kakao Blockchain, and is also considering starting the creation of ICO. Jae-sun Han, partner and Development Director in the incubator of Future Play technology startups, will be the representative of the new organization. […]
The resignation of chief economic advisor to President Trump reactivates concerns about trade wars and restores the risk-off climate to the market. JPY and CHF are getting better, AUD and CAD are doing the worst. The stock market in Asia shines red: Japanese Nikkei225 lost 0.77% today, and Shanghai’s main index falls by 0.6%. On […]
These are the Daily Trading Signals for Wednesday. Let’s see how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar’s hourly indicators are mostly neutral, but both the mid and long terms have 4 green prompts. The only 14% long interbank is neutral, just like the hourly studies. Pound/Dollar shows mixed results in […]
Morning Report: 07.00 London This morning, the US dollar remains weak as markets digest the resignation of Gary Cohn from the government administration. Widely regarded as the ‘adult in the room’, Cohn’s resignation is seen as a sign that Tariffs really will happen. This also opens up wider concerns about the Trump administration, with stock […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Daily financial news by- Binary.com-March 7th 2018 Related Posts:Energy in Focus: […]
The Dollar index broke below support of 89.80 yesterday and is now testing the lower cloud boundary in the 4-hour chart. Trend has changed from bullish to neutral and is very close to turning bearish. After being rejected at the resistance of the 38% Fibonacci retracement, the Dollar index is making lower lows and lower […]
Gold price is now in a neutral short-term trend after entering inside the Ichimoku cloud of the 4-hour chart. Price reached the upper cloud boundary and got rejected. Gold continues to trade inside a range of $1,310-$1,350. Short-term resistance is at $1,337. The 4 hour candles did not manage to close above that level and […]
EUR/JPY has been quite indecisive and volatile recently after reaching 131.50 resistance area from where it is currently expected to push lower. Despite disappointing economic data from Japan today ahead of more macroeconomic reports later this week, JPY gained impulsive momentum over EUR which is indeed quite remarkable. EUR has been struggling amid mixed economic […]
USDCAD has been extremely volatile and indecisive recently after breaking above 1.29 price area with a daily close. The price is still struggling to make a definite trend move in this pair which is currently expected to proceed higher in the coming days. The economic calendar contains a series of high impact economic reports from […]
AUD/USD has been quite impulsive with the bullish gains recently inside the bearish trend which is expected to continue further after breaching below 0.7750 in the coming days. AUD found support from recent economic reports which helped the currency to gain impulsive momentum over USD. Today, Australia released a GDP report with a significant decrease […]
Markets are in risk-off mode this morning, as news broke just after the US market close yesterday that Presidents Trump’s Chief Economic Advisor, Gary Cohn, resigned after a clash with the president due to the implementation of trade tariffs. Cohn was an advocate of free trade and his resignation will dent market confidence in the […]
AUDUSD skyrocketed during Tuesday’s trading session and created a one-week high of 0.7841. The pair jumped above the 23.6% Fibonacci retracement level at 0.7827 of the upleg from the low of 0.6820 and the high of 0.8135, however, it ended the day below it and started Wednesday’s session with negative movement. In the daily timeframe, from the […]
Forex Market Reviews: http://thefxlounge.com/#Market-Review -YEN gains but MXN CAD and KRW all loose vs USD. -Gary Cohn resigns as CEA over Trump Tariffs. -Jared Kushner to try and rescue Mexico talks. -Aussie GDP & Japan leading indices miss forecasts. -The Dollars role & influence in international trade. The overnight changes and price moves to be […]
Wave summary: EUR/NZD continues to follow the expected path almost to perfection. After the minor dip to 1.6968 we are looking for a firm break above the resistance at 1.7100 for a continuation higher to 1.7470 on the way towards 1.7777. Support is now seen at 1.7010 and again at 1.6968. R3: 1.7264 R2: 1.7166 […]
Wave summary: Wave B is unfolding nicely but has run into minor overhead resistance near 132.00. However, it should be a matter of time before a second run and likely break above this resistance is seen for the expected rally higher to 132.90. Ideally, the wave B will complete near 132.90 and turn the prices […]
When the European market opens, some Economic Data will be released such as Revised GDP q/q and French Trade Balance. The US will also release the Economic Data such as Consumer Credit m/m, Beige Book, Crude Oil Inventories, Trade Balance, Revised Unit Labor Costs q/q, Revised Nonfarm Productivity q/q, and ADP Non-Farm Employment Change, so […]
In Asia, Japan will release the Leading Indicators and the US will release some Economic Data such as Consumer Credit m/m, Beige Book, Crude Oil Inventories, Trade Balance, Revised Unit Labor Costs q/q, Revised Nonfarm Productivity q/q, and ADP Non-Farm Employment Change. So there is a probability that the USD/JPY pair will move with medium […]
