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GBP/USD: outlook for June 13-19 6/13/2016 GBP/USD traded sideways during the past week between 1.4650 and 1.4300. Volatility in this pair is created by various news about the Brexit opinion polls. On June 23 British people will vote whether they want the UK to remain in the European Union or...

EUR/USD: outlook for June 13-19 6/13/2016 The pair recovered 61.8% of May decline and tested levels above 1.1400. During the first part of the past week the euro benefited from the weaker dollar. However, in the second half of the week the single currency lost its bullish momentum. The ECB...

US dollar: outlook for June 13-19 6/13/2016 US dollar index recovered by the end of the past week after dipping to 93.40 on Wednesday, the lowest level since May 6. There was a daily bullish engulfing formed on the daily chart – a signal that dollar may correct a bit higher. The greenback...

GBP/USD: Uncertainty ahead Brexit referendum still weighs on moves 6/13/2016 We're one week ahead approximately of Brexit referendum, which will take in place on June 23th, and it seems the odds are favoring to the “Leave” option, according to the most recent polls released by media and...

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Forex trading plan for June 10 6/9/2016 There was at last a correction of the markets on Thursday: Brent oil returned from 52.80 to 51.80 as traders took profit on their bullish positions, while the US dollar index recovered from 93.50 to 94.00. American unemployment claims came out better than...

EUR/USD: "Pennant" led to the new high, but bulls are so tired 6/9/2016 The price has found a resistance at 1.1419, so bears are ready to return into the market. The main target for a coming correction is a support at 1.1372 – 1.1357. If a pullback from this area happens, bulls will probably...

EUR/USD & Draghi's speech from Brussels: Will the upside be limited? 6/9/2016 Today at 07:00 GMT the ECB's president Mario Draghi will speak at Brussels Economic Forum and investors will be aware of the tone that the speech will have, after Draghi decided to keep unchanged the interest rates...

Forex trading plan for June 9 6/8/2016 After some consolidation on Monday and Tuesday US dollar index resumed decline falling below 93.50. American currency is under pressure as the expectations that the Federal Reserve will raise interest rates in the coming months declined. Brent oil rose...

EUR/USD: consolidation between two "Engulfing" patterns 6/8/2016 We’ve got a bearish “Harami” at the local high, but this pattern hasn’t been confirmed enough. However, there’s also a bullish “Harami”, which is conversely has a confirmation. Therefore, the market is likely going to rise until...

GBP/USD: despite of "Thorn" bulls are still in the game 6/8/2016 The price was rising until bulls faced a resistance at 1.4662, which brought a “Thorn” pattern, so the pair came back to a support at 1.4545. Therefore, the market is likely going to get a resistance at 1.4658 in the short term...

EUR/USD: "Pennant" boosts bulls to deliver a new high 6/8/2016 The price has faced a resistance at 1.1385, which brought a flat into the market. Because of there isn’t any reversal pattern, bulls are likely going to move on towards the next resistance at 1.1419 – 1.1446. If a pullback from...

NZD/USD overview ahead RBNZ interest rate decision 6/8/2016 Later today after the U.S session at 21:00 GMT will be released the RBNZ monetary & rate Statement, where it's expected to hold the 2.25% which hasn't been changed since March 9th (decreased from 2.50% to 2.25%). The topics that are...

GBP/USD: bulls faced the "Thorn" 6/7/2016 The pair was rising dramatically fast until bulls faced a resistance at 1.4658. Previously, a “Triple Bottom” was formed, which has been confirmed. However, the price is likely going to get a support at 1.4441. If so, an upward movement becomes...

EUR/USD: "V-Top" points to a correction 6/7/2016 The price has faced a resistance at 1.1357, so we’ve got a “V-Top” pattern at the last top. Therefore, bears are likely going to reach a support at 1.1326 – 1.1292. If a pullback from this area happens, there’ll be a chance to see a bullish...

GBP/USD: A "Brexit range" on the way? 6/7/2016 Recent Brexit referendum's headlines added more bearish momentum to the GBP pairs, because during the last weekend, according with Observer and Opinium polls, the odds are favoring with three points to the “Leave” option (43%), against the...

USD/JPY: outlook for June 6-10 6/6/2016 USD/JPY made a sharp fall last week as it collapsed from 111.45 to the 106.50 area (38.2% Fibonacci of 2011-2015 advance). There were 3 drivers of this move: delay of sales tax hike in Japan to October 2019, the market’s risk aversion and weak US nonfarm...

GBP/USD: outlook for June 6-10 6/6/2016 GBP/USD fell from the levels above 1.4700 to 1.4350. British pound was hit by a renewed wave of concerns that Britain will leave the European Union. The latest opinion polls show that 43% of voters want the nation out of the EU, while 40% say they support...

EUR/USD: outlook for June 6-10 6/6/2016 EUR/USD jumped to 3-week high above 1.1370 on Friday on weaker-than-expected US nonfarm payrolls report. The 200-day MA at 1.1100 and the lower border of the uptrend channel, which has been in place since November, turned out to be a good support for the...

US dollar: outlook for June 6-10 6/6/2016 The US dollar index collapsed from 95.50 to more than 3-week low below 94.00 on Friday. Nonfarm payrolls report turned out to be a big disappointment for the market: American economy gained only 38K jobs in May versus 160K expected, while April reading...