Breaking forecast 02/26/2018 EURUSD: Buy for a breakthrough. So, a long consolidation in the foreign exchange market is coming to an end. The new week is rich in strong news in the US: strong movements are very likely. On Tuesday and Thursday, the new head of the Fed Jerome Powell will issue a testimony before […]
Technical outlook: The US Dollar Index daily chart view has been presented again with proper wave counts since January 2017. The big picture clearly reveals that the index has nearly completed 5 waves lower since it made highs at 103.80 levels on January 03, 2017. Furthermore, the pair is just into its potential last wave […]
Morning Report: 07.00 London This morning, the US dollar is on the back foot, eating further into the gains made early last week. The dollar pairs are enjoying gains this morning as the dollar backs off the pace. The AUD/USD and NZD/USD are enjoying positive sessions as the former finds support in the 0.7800 region. […]
EU European Council Meetings took place on Friday and EU Council President Donald Tusk made the following comments: EU leaders agreed to spend more on migration, defence and security and all EU leaders are ready to work to modernize the budget, some ready to contribute more. Reaching an agreement on the budget this year appears […]
Technical outlook: The EUR/USD daily chart setups have been presented here with wave counts since January 2017. The bigger picture confirms that EUR/USD has already unfolded into 4 waves, and it is into the last wave at the moment. Also please note that the pair is into its final leg within the 5th wave as […]
USD/JPY is under pressure. The pair is capped by a bearish trend line, which confirms a negative outlook. The declining 50-period moving average should push the prices lower. The relative strength index lacks upward momentum. To conclude, as long as 107.10 is not surpassed, look for a further drop with targets at 106.10 and 105.75 […]
USD/CHF is expected to trade with bullish outlook. The pair managed to hold above its key support at 0.9310, and also remains bullish, backed by its ascending trend line. Besides, a bullish cross has been identified between the 20-period and 50-period moving averages. Furthermore, the relative strength index is turning up, and calls for a […]
Wave summary: The first minor rally from the 1.6740 low does look impulsive (5 small waves), this means the corrective target-area between 1.6763 – 1.6791 ideally will be able to protect the downside for the next impulsive rally towards at least 1.7086 on the way higher to 1.7470 and 1.7777. In the short term, a […]
Forex Market Reviews: http://thefxlounge.com/#Market-Review -Euro & Kiwi down on the week but bouncing back vs the Dollar. -Three leading Cryptos post 7-day losses. -China new house prices rise at the slowest rate for months. -Russia gets an upgrade. -Mexico’s growth seems to be slowing fast. -Central bank speakers and Fed surveys on tap. -US tax […]
Wave summary: EUR/JPY is headed lower towards 127.52 as the next minor downside target on the way towards the ideal wave (E) target at 123.43. In the short term, we expect that the minor resistance at 131.90 will be able to cap the upside for a continuation lower. R3: 132.50 R2: 132.25 R1: 131.90 Pivot: […]
GBP/JPY is expected to trade with bullish outlook. The pair has just broken above its previous declining trend line, which should confirm a bullish reversal. A strong support base has formed around 131.00, which should limit any downward attempts. Last but not least, the relative strength index is bullish, and calls for a new upleg. […]
NZD/USD is expected to trade with bearish outlook. The pair remains under pressure below its nearest key resistance at 0.7360, and is likely to post a new decline to challenge the next support at 0.7270. Both the 20-period and 50-period moving averages are heading downward, and should continue to push the prices lower. Therefore, as […]
When the European market opens, there is no Economic Data will be released just ECB President Mario Draghi Speaks. The US will release the New Home Sales, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.2351. Strong Resistance:1.2344. Original Resistance: 1.2332. […]
In Asia, today Japan will not release any Economic Data, but the US will release the New Home Sales data. So there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 107.11. Resistance. 2: 106.90. Resistance. 1: 106.69. Support. 1: 106.43. Support. 2: […]
EUR/JPY This cross has been going strong downwards since February 2, shedding 700 pips in the process. Nonetheless, the southwards journey will soon be over, as a strong rally is expected, which would eventually remove the current Bearish Confirmation Pattern in the market. The outlook on JPY pairs is bullish for this week, and for […]
USD/JPY The market was bearish in the long-term. A rally happened last week from Monday to Wednesday, but it was checked by the bearish correction that took place on Thursday and Friday. There are support levels at 106.50, 106.00 and ultimately at 105.50. Those support levels would impede bearish movements and they would eventually help […]
USD/CHF This pair is something that is often affected by whatever happens to the EUR/USD (in a negatively correlated manner). It tested the resistance level at 0.9400 on Thursday and then retraced a bit. The resistance level at 0.9400 could be tested again, and even another resistance level at 0.9450. In case, the EUR/USD rallies, […]
The price has made a nice pullback to our entry and we’re looking to buy above 1.2629 support (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 1.2909 resistance (Fibonacci extension, horizontal swing high resistance). We do have to keep an eye out for intermediate resistance at 1.2750 which price has already […]
We are seeing USDJPY for a nice reversal pattern and look to buy above 107.13 support (horizontal overlap support, bullish divergence) for a bounce up to at least 107.95 resistance (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is bouncing up nicely and also sees bullish divergence vs price, signaling that a recovery is […]
In the absence of significant macroeconomic news, the markets have retreated from the February lows and are trying to comprehend what happened – either a technical correction, or a fundamental collapse. Depending on the answer to this question, strategies for further action are developed that look appear in the opposite direction. If the decline is […]
Eurozone According to the macroeconomic studies published last week, the expansion period of the eurozone economy that lasted for at least two years is coming to an end. The evaluation of the ZEW Institute that showed a slowdown in growth rates was confirmed by other studies. All three PMI Markit indices came in worse in […]
It was another good week for the U.S. dollar, which traded higher against all of the major currencies. The New Zealand dollar was hit the hardest by the greenback’s gains while sterling and the Japanese Yen ended the week unchanged. For once, stocks did not have a direct impact on currency movements as the Dow […]
It was another good week for the U.S. dollar, which traded higher against all of the major currencies. The New Zealand dollar was hit the hardest by the greenback’s gains while sterling and the Japanese Yen ended the week unchanged. For once, stocks did not have a direct impact on currency movements as the Dow […]
It was another good week for the U.S. dollar, which traded higher against all of the major currencies. The New Zealand dollar was hit the hardest by the greenback’s gains while sterling and the Japanese Yen ended the week unchanged. For once, stocks did not have a direct impact on currency movements as the Dow […]
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 Weekly financial news by- Binary.com-February 25th 2018 Related Posts:Weekly forecast based […]
Economic data from Japan and the United States will comprise the bulk of next week’s releases. Australia, Canada, the Eurozone and the United Kingdom will also see important data releases. But the main focus will be on Fed Chair Jerome Powell’s first semi-annual testimony before Congress. Anxious market participants will be seeking clarity on Fed […]
EURJPY is heading lower over the last three weeks, following the pullback from the more than a 2-year high of 137.50. Prices managed to bounce up to the 133.00 handle on Wednesday but soon stepped back, falling to a fresh 3-month low of 131.22. The bearish picture in the short-term is further supported by the technical indicators. Looking at the […]
Silver has been trading in a triangle pattern on the daily timeframe, which has pinched price into a tighter range between 17.500 and 16.200. Price has dropped to the bottom half of this range below the moving averages. The market is now building energy while it remains undecided on what direction follow. Support can be […]
GBPJPY is currently paring some of Thursday’s losses but the last couple of hours it has been trading with weak momentum. Meanwhile, the price has been struggling below the 20- and 40-period simple moving averages in the short-term timeframe, which are near the 149.40 resistance level. From the technical point of view, the market could increase positive momentum in the short-term. In […]
The US 100 index has risen in the past two weeks, recovering more than half of the losses it posted in early February when it fell 12.5% over the period January 29 – February 9. During that period, the index collapsed from an all-time high of 7037, before it found support near the crossroads of […]
