• German IFO data shows mixed business sentiments in the country

    Business morale in Germany economy remained unchanged at the level of 102.2 points, according to the data of the research institute IFO.

  • British households reduced consumer spending amidst reduced capital investment from firms

    British households reduced consumer spending while firms appear to have reduced capital investment, showed data for the first quarter confirming that the harsh end of winter was an obstacle to the expansion of economic activity.

  • Summary

    Today we are seeing a nice setup on AUDUSD as it is testing our short term ascending support line and we are expecting a breakout below this level. We are also seeing a nice setup XAUUSD as it is testing our first resistance which coincides with our short term descending resistance line, where we are […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1304.16 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where price might potentially drop to our major support at 1283.99 (horizontal swing low support). Stochastic (21,5,3) is also approaching our resistance and a reaction off this level might be a good precursor for a potential drop in […]

  • CADJPY broke out of support, further potential drop!

    CADJPY broke out of its short term ascending support line and is testing our first resistance at 85.13 (horizontal overlap resistance) and a strong reaction might occur below this level pushing price down to our major support at 80.58 (horizontal swing low support). RSI is also seeing a bearish exit and Ichimoku cloud is showing […]

  • XAGUSD approaching resistance, potential drop!

    XAGUSD is approaching our first resistance at 16.83 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where price might potentially drop to our major support at 16.33 (horizontal swing low support). Stochastic (55,5,3) is also testing our resistance and a reaction off this level might be a good precursor for a potential drop […]

  • AUDUSD broke out of support, further potential drop!

    AUDUSD broke out of our short term ascending support line and is testing our first resistance at 0.7567 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our first support at 0.7525 (horizontal swing low support, 50% Fibonacci retracement). A breakout below our short term […]

  • An insight to the Federal Reserve’s meeting minutes and its impact on the US markets

    Today we will be discussing Federal Reserve’s meeting minutes, its impact on the US debt market, namely, bonds with different maturities and trade negotiations with China.

  • Summary

    Today we are seeing a nice setup on CHFJPY as it bounced off our first support and we are expecting a further rise to our major resistance target. We are also seeing a nice setup on EURUSD as it is testing our first resistance and we are expecting a drop from this level to our […]

  • CHFJPY testing support, potential rise!

    CHFJPY is testing our first support at 110.07 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension, Elliot wave structure) where price might potentially rise to its first resistance at 110.67 (horizontal overlap resistance, 38.2% Fibonacci retracement ). Stochastic (55,5,3) is also approaching support and a bounce off this level might see further […]

  • AUDCAD testing resistance, potential drop!

    AUDCAD is testing our first resistance at 0.9717 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 0.9644 (horizontal pullback support, 50% Fibonacci retracement). Stochastic is also seeing a bearish divergence and is approaching resistance where a reaction off this level […]

  • EURUSD testing resistance, potential drop!

    EURUSD is testing our first resistance (horizontal pullback resistance) at 1.1719 and a strong reaction might occur below this level pushing price down to our major support at 1.1556 (horizontal swing low support). RSI is also approaching our resistance and a reaction off this level might be a good precursor for a potential drop in […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1301.3 (horizontal pullback resistance, 38.2% Fibonacci retracement) which coincides with our short-term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1283.99 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with […]

  • EUR/USD is approaching important levels!

    We ponder whether EUR/USD is going to correct itself and if oil is going to head up or down.

  • Swiss franc and Japanese yen rise against the dollar

    Swiss franc and Japanese yen, the traditional safe heavens, rose against the dollar on Wednesday, as markets were swept by a wave of caution against the backdrop of Italian political trouble and the disruptive changes brought about by the historic meeting between the United States and Korea, as Trump hinted.