Search results

Forex Analytics USD/JPY: forecast for May 9-15 By Elizabeth Belugina USD/JPY hit 105.55, the lowest level since October 2014. Then US currency managed to get a bit higher thanks to brighter comments of the Federal Reserve’s members. US economic data were mixed: ISM manufacturing index...

Forex Analytics EUR/USD: forecast for May 9-15 By Elizabeth Belugina During the past week EUR/USD rose to 9-month high at 1.1614 before correcting down. Strong euro is very unwelcome by the European Central Bank as it affects the region’s already low inflation and weak economic growth. Euro...

Forex Analytics GBP/USD: forecast for May 9-15 6 May 2016 Kira Iukhtenko It has been another volatile week for the British pound. GBP/USD pushed to 1.4760 and retraced lower from this area. There is a strong resistance clustered at these levels: trend line, connecting the late-2015 peaks...

Forex Analytics EUR/USD: "Inverted Hammer" points to a correction 6 May 2016 We’ve got an “Inverted Hammer” on the last support line, which has been confirmed enough. So, the pair is likely going to reach the nearest support line and continue falling down afterwards. As we can see on the...

Forex Analytics Large banks: expectations for NFP 6 May 2016 Consensus forecast for NFP: 203K (Previous: 215K) Consensus forecast for unemployment rate: 5.5% (Previous: 5.0%) Consensus forecast for NFP: 0.3% (Previous: 0.3%) Bank of America: Nonfarm payrolls will show a good gain of 200K...

Forex Analytics GBP/USD: bears extract everything from the Wedge 6 May 2016 The price faced a support at 1.4458, so bulls are trying to show us a local correction. However, the market is likely going to decline towards a support at 1.4343 – 1.4305 subsequently. If a pullback from this area...

Forex Analytics EUR/USD: "Flag" as a sign to the coming new low 6 May 2016 Yesterday the price reached a support at 1.1398, which successfully stopped bears for a while. However, the market is likely going to get the 89 Moving Average in the short term. If a pullback from this line happens...

Forex Analytics DAX falling inside intermediate impulse wave (3) 5 May 2016 By: Dmitriy Chernovolov -DAX falling inside intermediate impulse wave (3) -Next sell target - 9500.00 DAX continues to fall inside the 3rd intermediate impulse wave (3) – which started earlier – when the index...

Forex Analytics EUR/USD reversed from strong resistance level 1.1600 5 May 2016 By: Dmitriy Chernovolov -EUR/USD reversed from strong resistance level 1.1600 -Next sell target - 1.1400 EUR/USD continues to fall – after the earlier sharp downward reversal from the strong resistance level...

Forex Analytics USD/CHF reversed from pivotal support level 0.9500 5 May 2016 By: Dmitriy Chernovolov -USD/CHF reversed from pivotal support level 0.9500 -Next buytarget - 0.9700 USD/CHF continues to rise – following the earlier upward reversal from the pivotal support level 0.9500 (which...

Forex Analytics USD/JPY: flat between "Hammer" and "Harami" 5 May 2016 There're an “Engulfing” and a “Three White Soldiers” at the last low. We’ve got a “Three Methods”, which points to a possibility that the current rise can be continued. At the same time, there's a “Window”, which...

Forex Analytics EUR/USD: bears have broken the "Window" 5 May 2016 There's a downward correction in progress. Previously, a “Harami”, a “Three Black Crows” and a “Three Methods” were formed at the last top. So, the market is likely going to reach the nearest support line. As we can see on...

Forex Analytics A Strategy to Trade on Nonfarm Payrolls 5 May 2016 US Nonfarm Payrolls (NFP) is an economic indicator released once a month, usually on the first Friday of the month. NFP shows the change in number of employed people in the United States during the previous month. The release...

Forex Analytics Can I make a living with Forex trading? 5 May 2016 In life we face daily challenges that allow us to grow as people, but all this depends on the way how we face them, because if we do not have enough wisdom, these challenges would affect us in a negative way. Fortunately, with...

Forex Analytics GBP/USD: bears are in the game again 5 May 2016 The last bullish rally has been stopped by a “Rising Wedge” pattern, so bears returned into the market. The price faced a support at 1.4458 afterwards, but it’s likely that the pair is going to reach the next support at 1.4423...

Forex Analytics EUR/USD: bulls are pressed down by the "V-Top" 5 May 2016, 06:28 There's a “V-Top” at the last high, which brought bears into the market. Therefore, the price faced a support at 1.1464, so currently we’ve got a flat in progress. The market is likely going to reach a support...

Forex Analytics Forex trading plan for May 5 US dollar recovered on more hawkish comments from the Federal Reserve’s members. San Francisco Fed President John Williams claimed he could vote for an interest rate hike in June if the economy keeps improving. In addition, according to Atlanta Fed...

Forex Analytics NZD/USD reached buy target 0.7050 4 May 2016 By: Dmitriy Chernovolov -NZD/USD reached buy target 0.7050 -Next sell target - 0.6850 NZD/USD continues to fall inside the 3rd intermediate impulse wave (3) – which started earlier when the pair reversed down from pivotal...

Forex Analytics EUR/USD: "Doji" points to a bearish correction 3 May 2016 Galina Svetlova The last bearish “Harami” hasn’t been confirmed, so we’ve got a “Three Methods” at the local high. There’s a huge possibility to see any kind on bearish pattern on the already achieved resistance line...

Forex Analytics EUR/AUD broke pivotal resistance level 1.5200 3 May 2016 By: Dmitriy Chernovolov -EUR/AUD broke pivotal resistance level 1.5200 -Next buy target - 1.5430 EUR/AUD today broke through the resistance area lying between the pivotal resistance level 1.5200 (top of the previous...