Drifting lower. (By Peter Rosenstreich) • AUD/USD broke out of sideways range by moving below support at 0.7821. Fading supply indicated a weak test of support at 0.7786. Hourly resistance is given at 0.7897 (13/10/2017 high). Key support lies at at 0.7733 (06/10/2017 low...
Preparing to challenge 1.2663. (By Peter Rosenstreich) • USD/CAD bullish drive suggest a challenge to 1.2663 horizontal resistance. Hourly support lies at 1.2331 (26/09/2017 high). Expected to show continued short-term bullish pressures within uptrend channel...
Pause in bullish momentum. (By Peter Rosenstreich) • USD/CHF has paused after breaking resistance at 0.9838. The technical structure suggests an improving short-term buying interest. Expected to show continued bullish pressures within uptrend channel. Hourly support stands at 0...
Bullish surge continues. (By Peter Rosenstreich) • USD/JPY jumped thru resistance located at 113.44. Next key resistance can be found at 114.49 (11/07/2017 high). Support is located at 111.12 (20/09/2017 low). • We favor a long-term bearish bias. Support is now given at 99.02 (10/08/2013 low...
Recovery bounce underway. (By Peter Rosenstreich) • GBP/USD has successfully tested support at 1.3155 bouncing strongly to resistance at (1.3228 reaction high). Hourly resistance stands at 1.3338 (13/10/2017 high). Key support can be found at 1.3122 12/10/2017 low...
Testing rising trendline. (By Peter Rosenstreich) • EUR/USD is resting on key support at 1.1758. Break will trigger bearish extension to strong support is given at a distance at 1.1662 (17/08/2017 low). Key resistance is located at 1.1878 (12/10/2017 high...
The dollar continues to strengthen in the foreign exchange market, and gold - to decline in price amid news and talk about the appointment of President Donald Trump the new chairman of the Fed...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, October 23rd The EUR/USD pair remains under bearish control on Monday, as continuing political uncertainty surrounding Spain and positive mood of the US dollar are limiting pair’s chances to recover its positions...
GOLD: The commodity reversed its previous week losses to close lower on Friday. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level...
EURUSD: With the pair seen closing lower the past week, more weakness is envisaged. Resistance comes in at 1.1850 levels with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level...
We make up a weekly medium-term trade list based on CFTC reports and technical analysis...
The soul of the expert advisor lies in its custom indicator. If the custom indicator gives high quality buy/sell signals, expert advisor will work like charm. Designing a custom indicator is the challenge that requires a lot of hard work however...
First, a review of last week’s forecast: - Last week, we were unwilling to give any forecast for EUR/USD pair. Our reluctance proved to be well-founded...
GBPUSD: The With a temporary bottom seen, we may see further recovery higher. Support lies at the 1.3150 level where a break will turn attention to the 1.3100 level. Further down, support lies at the 1.3050 level. Below here will set the stage for more weakness towards the 1.3000 level...
After a 6-week continuous growth, the Japanese stock index Nikkei reached several multi-year highs, bargaining at the end of today's Asian session near the mark of 21500.00...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, October 20th The EUR/USD pair met strong selling pressure on Friday after two consecutive session with gains, falling below the level of 1.1800...
EURUSD: With the pair seen following through on the back of its Wednesday gains on Thursday, more strength is expected in the days ahead. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1...
According to official data released on Thursday, in September, as compared to August, retail sales decreased by 0.8% (the forecast was -0.1% and weak growth in August +0.9%). In the third quarter, compared to the same period last year, retail sales grew by only 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, October 19th The EUR/USD pair stays positive on Thursday, having refreshed this week tops at 1.1822 level, as slight weakness of the US dollar is one of the key driving factors on the market...
