Forex Market Analysis

Home Forex Forex Market Analysis
This section focuses on publications and analytical reports related to financial markets on a daily basis. Main Features Multiple asset-classes coverage Neutral assessment of market conditions Entry setups with relevant underlying price levels

EUR/USD Crosses Below 50 EMA – An Update on Signal

Entry Price – Sell 1.17873

AUDUSD Breaks its Intraday Support

Description

Gold Braces for Bearish Correction – Quick Signal Update!

Entry Price – Sell 2059.13

Daily F.X. Analysis, August 07 – Top Trade Setups In Forex...

The Non-farm payrolls will extend clarity over the damage in the labor market last month, and traders will keenly await its release. Overall, economists expect a slight improvement in the U.S. unemployment rate from 11.1% to 10.5%, while the Average Hourly Earnings are expected to improve from -1.2% to -0.5%%. The NFP itself is expected to report 1530K (negative for a dollar) vs. 4800K figures beforehand.

Dow Jones – Long-Term Technical Overview

This year, The Dow Jones Industrial Average performance went down more than 36% during the first quarter collapse that dragged to the global stock market. Although the recovery experienced by the Industrial Average after March 23th keeps its performance on the negative side, the DJ-30 index could still reach a new all-time high.

FX Options Market Combined Volume Expiries for 7th August 2020

Thank you for visiting the Forex Academy FX Options market combined volume expiries section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large combined maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' with a good chance of a strike if labelled in red, still in play and a possible strike if labelled in orange and 'out of play' and an unlikely strike if labelled in blue, with regard to the likelihood of price action meeting the strike price at maturity.

FX Options Market Combined Volume Expiries for 6 th August 2020

Thank you for visiting the Forex Academy FX Options market combined volume expiries section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large combined maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' with a good chance of a strike if labelled in red, still in play and a possible strike if labelled in orange and 'out of play' and an unlikely strike if labelled in blue, with regard to the likelihood of price action meeting the strike price at maturity.

Daily F.X. Analysis, August 06 – Top Trade Setups In Forex...

It's going to be a busy day from a news perspective, especially for the GBP pairs. The Bank of England is scheduled to publish its Monetary policy with bank rates. Although economists are not expecting BOE to change interest rates, the MPC Asset Purchase Facility Votes is expected to change. Nine out of nine members have voted to increase the asset purchase program to accommodate the economy.

USD/JPY Breaking Below Support Level – Update on Trading Signal!

The USD/JPY failed to extend its previous session bullish moves and witnessed some selling moves around 105.55 level mainly due to the broad-based U.S. dollar weakness. The worries triggered that the second wave of COVID-19 cases in the United States could ruin the recovery in the world's biggest economy. Also weighing factor for the greenback was a failure over the much-awaited stimulus. The risk-on market sentiment (backed by the positive reports about the coronavirus treatment and hopes of the Sino-American trade discussion), undermined the safe-haven Japanese yen, which become the key factor that helped the currency pair to limits its deeper losses. The fresh reports about the further relief employment subsidy by the Japanese government largely ignored by the currency pair traders, at least for now. Currently, the USD/JPY currency pair is currently trading at 105.69 and consolidating in the range between 105.52 - 105.80.

EURGBP: Moving to Return to the Mean

EURGBP is moving in an ascending channel since mid-April. The last leg brought the price to the -2 sigma line of the regression channel, finding support there. People who know a bit about the Gaussian distribution know that 95 percent of the prices lie less than two sigmas from its centerline. Thus it is highly likely this level is the start of a mean-returning leg.

Daily F.X. Analysis, August 05 – Top Trade Setups In Forex...

We have a series of low and medium impact events coming ahead, and the focus will be on the Eurozone's Services PMI, U.S. Advance NFP, and U.S. ISM non-manufacturing events. The U.S. events are forecasted to be negative but positive data may drive selling trend in gold; let's brace for it.

FX Options Market Combined Volume Expiries for 5th August 2020

Thank you for visiting the Forex Academy FX Options market combined volume expiries section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large combined maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' with a good chance of a strike if labelled in red, still in play and a possible strike if labelled in orange and 'out of play' and an unlikely strike if labelled in blue, with regard to the likelihood of price action meeting the strike price at maturity.

Gold Hits the $2,000 per ounce

Description

USD/CAD Fakesout Hitting Our Stop Loss – What’s Next?

During Tuesday's early European trading session, the USD/CAD currency pair failed to stop its Asian session losing streak and dropped further below the 1.3400 level mainly due to the U.S. dollar weakness that was triggered by gloomy U.S. economic outlook and witnessed by the Job losses in the U.S. manufacturing sector. The weaker oil prices due to the continuous surge in COVID-19 cases, US-China on-going war, and OPEC Production Boosts undermined the commodity-linked currency the loonie, which helped the currency pair to limit its deeper losses. At this particular time, the USD/CAD is trading at 1.3384 and consolidating in the range between 1.3358 - 1.3405.

USD/JPY Taking Mild Bids Despite Upbeat Tokyo CPI Data!

USD/JPY Taking Mild Bids Despite Upbeat Tokyo CPI Data!

Daily F.X. Analysis, August 04 – Top Trade Setups In Forex...

The fundamental side of the market continues to be muted due to a lack of economic events. Therefore, we still need to keep an eye on COVID19 updates, U.S. China trade war issues, and today's technical levels.

Gold Hits a New Record High

The Gold price opened the current trading week to reach a new all-time high at $1,987.95 per ounce, approaching the psychological barrier of $2,000 per ounce. 

FX Options Market Combined Volume Expiries for 4th August 2020

Thank you for visiting the Forex Academy FX Options market combined volume expiries section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large combined maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' with a good chance of a strike if labelled in red, still in play and a possible strike if labelled in orange and 'out of play' and an unlikely strike if labelled in blue, with regard to the likelihood of price action meeting the strike price at maturity.

EUR/USD Dropped Below Mid-1.1800 – Combination Of Factors In Play! 

The EUR/USD currency pair had nothing to cheer on the day and dropped below the mid-1.1800 level. The E.U. digital nationalism concerns also added bearish pressure around the shared currency and contributed to the currency pair declines. Whereas, the currency pair failed to gain any strength from the upbeat Eurozone inflation data, which were released on Friday. At the moment, the EUR/USD currency pair is currently trading at 1.1755 and consolidating in the range between 1.1742 - 1.1797. However, the currency pair buyers seemed cautious to place any strong position ahead of the final German and Eurozone manufacturing PMI numbers for July, which is due on the day.

EUR/JPY Breaks Below Support – Quick Sell Opportunity!

Entry Price – Sell 124.426

Daily F.X. Analysis, August 03 – Top Trade Setups In Forex...

On the news front, the eyes will be on the series of low impact economic events from Europe and the U.S., but they are hardly likely to drive any major price action today. We should be focusing on the technical side of the market.

FX Options Market Combined Volume Expiries for 3rd August 2020

Thank you for visiting the Forex Academy FX Options market combined volume expiries section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large combined maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' with a good chance of a strike if labelled in red, still in play and a possible strike if labelled in orange and 'out of play' and an unlikely strike if labelled in blue, with regard to the likelihood of price action meeting the strike price at maturity.

US Dollar Index – Technical Overview

The US Dollar Index (DXY) jumps on Thursday trading session after the FED's policymakers decided to keep unchanged the rate at 0.25%

FX Options Market Combined Volume Expiries for 31st July 2020

Thank you for visiting the Forex Academy FX Options market combined volume expiries section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large combined maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' with a good chance of a strike if labelled in red, still in play and a possible strike if labelled in orange and 'out of play' and an unlikely strike if labelled in blue, with regard to the likelihood of price action meeting the strike price at maturity.

Daily F.X. Analysis, July 30 – Top Trade Setups In Forex...

Later today, the focus will remain on the German Prelim GDP and Advance GDP figures from the U.S. both of the events are expected to perform worse than before as the data represents the lock-down period's economic activity. So most of it is already priced in. However, the U.S. Jobless claims will remain in the highlights. Jobless Claims figures are expected to rise again, perhaps due to the second wave of COVID19 in the U.S.

FX Options Market Combined Volume Expiries for 30th July 2020

Thank you for visiting the Forex Academy FX Options market combined volume expiries section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large combined maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' with a good chance of a strike if labelled in red, still in play and a possible strike if labelled in orange and 'out of play' and an unlikely strike if labelled in blue, with regard to the likelihood of price action meeting the strike price at maturity.

USDJPY Bearish Bias Below Downward Trendline – Update On Signal!

Today in the early European trading session, the USD/JPY currency pair extended its previous day bearish moves and dropped further below 105.00 level, mainly due to the broad-based U.S. dollar weakness. The worries triggered U.S. selling bias that the second wave of COVID-19 cases in the United States could ruin the recovery in the world's biggest economy.

Russell 2000 Technical Overview

The U.S. stock index Russell 2,000 and the S&P 500 shows a divergence in its long-term trend. While the S&P 500 reaches fresh highs recovering from its 2020's losses, the Russell 2000 index remains negative.

Daily F.X. Analysis, July 29 – Top Trade Setups In Forex...

On the news front, the focus will be on the FOMC and Fed policy decision which is expected to be 0.25%. Since no change in rate is expected, there's is likely to be a neutral sentiment in the market. Besides, the investors will also focus on the Pending Home Sales from the U.S. which is expected to have dropped sharply. The dollar can stay weaker on this news.

FX Options Market Combined Volume Expiries for 29th July 2020

Thank you for visiting the Forex Academy FX Options market combined volume expiries section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large combined maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' with a good chance of a strike if labelled in red, still in play and a possible strike if labelled in orange and 'out of play' and an unlikely strike if labelled in blue, with regard to the likelihood of price action meeting the strike price at maturity.

Overbought EUR/USD Under Pressure – Brace for Retracement! 

The EUR/USD failed to continue its early-day strong bids and dropped to 1.1711 level even after the upbeat German data showed that the export expectations for Europe's economic powerhouse improved sharply in July re-opening of economies. However, the reason for the losses in currency pair could also be attributed to the broad-based U.S. dollar strength, triggered by geopolitical tensions and hopes that policymakers were close to a result over the next U.S. fiscal stimulus package, which contributed to the currency pair gains. At the moment, the EUR/USD currency pair is currently trading at 1.1710 and consolidating in the range between 1.1708 - 1.1774. 

USD/JPY Examines Double Bottom – Update On Signal!

Today in the early European trading session, the USD/JPY currency pair succeeded to stop its previous 4-day losing streak and rose above mid-105.00 marks mainly due to the broad-based U.S. dollar strength, buoyed by the hopes of U.S. fiscal stimulus package, which eventually pushed the U.S. Treasury bond yields higher and contributed to the currency pair gains. On the other hand, the concerns about the worsening US-China relations might underpin the safe-haven Japanese yen, which becomes the key factor that cap the currency pair further gains. At this moment, the USD/JPY currency pair is currently trading at 105.44 and consolidating in the range between 105.22 - 105.69

Daily F.X. Analysis, July 28 – Top Trade Setups In Forex...

On the news front, the U.S. will be releasing C.B. Consumer Confidence during the New York session. C.B. Consumer Confidence is expected to drop from 98 to 94, and it can weigh dollar prices. Simultaneously, the Spanish Unemployment Rate will be in focus during the European session to determine price action in the Euro pairs today.

DAX Could Resume its Advances

Commentary from our Previous Analysis

Gold Sharp Bearish Correction – Brace for Sell!

Entry Price – Sell 1929.02

FX Options Market Combined Volume Expiries for 28th July 2020

Thank you for visiting the Forex Academy FX Options market combined volume expiries section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large combined maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' with a good chance of a strike if labelled in red, still in play and a possible strike if labelled in orange and 'out of play' and an unlikely strike if labelled in blue, with regard to the likelihood of price action meeting the strike price at maturity.

USD/JPY Violates 105.375 Support – Quick Update on Forex Signal!  

The USD/JPY currency pair failed to stop its previous week's losing streak and dropped further below mid-105.00 marks mainly due to the broad-based U.S. dollar weakness, triggered by the worries that the resurgence in cornonavirus cases in the United States could undermine the recovery in the world's biggest economy, which eventually pushed the U.S. Treasury bond yields down and contributed to the currency pair losses. 

Overbought EUR/USD Ready for Bearish Correction – Quick Trading Signal! 

The EUR/USD pair was closed at 1.16543 after placing a high of 1.16579 and a low of 1.15810. The EUR/USD pair extended its 6th-day bullish rally and rose above 1.16500 level on Friday amid the broad-based U.S. dollar weakness. 

Daily F.X. Analysis, July 27 – Top Trade Setups In Forex...

On the news side, eyes will remain on the German Business Climate, and the U.S. durable good as these have the potential to drive movement in the market gold and US-related pairs. Check out the trading plans below.

FX Options Market Combined Volume Expiries for 27th July 2020

Thank you for visiting the Forex Academy FX Options market combined volume expiries section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large combined maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' with a good chance of a strike if labelled in red, still in play and a possible strike if labelled in orange and 'out of play' and an unlikely strike if labelled in blue, with regard to the likelihood of price action meeting the strike price at maturity.

Gold Signal Update – Three Winning Trades In a Row!

Entry Price – Sell 1.15841

EUR/GBP Trades Ascending Triangle – Bullish Breakout Eyed! 

The cross-currency pair EUR/GBP traded bullish, adding its moderate gains throughout the early European session. It's been trading at 0.9113 level, consolidating with a narrow trading range of 0.9130 - 0.9085. 

EUR/USD Testing Triple Top – Is It Worth Shorting The Pair?

The EUR/USD pair continued its bullish streak for the 5th consecutive day on Thursday. They rose above 1.1600 level, amid E.U. Summit's success & broad-based U.S. dollar weakness in the wake of increasing coronavirus cases in the U.S. However, the gains were limited because of rising safe-haven appeal after the tensions between the U.S. & China escalated over consulate issues.

Daily F.X. Analysis, July 24 – Top Trade Setups In Forex...

The eyes will remain on the PMI figures from Eurozone, the United Kingdom, and the United States on the news. All of the indicators are expected to perform better than before; therefore, buying can be seen in EUR, GBP during European session and selling during the U.S. session.

FX Options Market Combined Volume Expiries for 24th July 2020

Thank you for visiting the Forex Academy FX Options market combined volume expiries section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large combined maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' with a good chance of a strike if labelled in red, still in play and a possible strike if labelled in orange and 'out of play' and an unlikely strike if labelled in blue, with regard to the likelihood of price action meeting the strike price at maturity.

USD/CHF Breaks Below Triple Bottom Level – Signal Update!

The USD/CHF remains bearish on Thursday as the downside seems solid, especially upon the breakout of 0.9372 support level. On the lower side, the USD/CHF has the potential to go after 0.9236 level. The demand for Swiss Francs has increased in the wake of safe-haven appeal as the CHF is also considered a safe-haven asset.

Daily F.X. Analysis, July 23 – Top Trade Setups In Forex...

The market's fundamental side is a bit busy today as the focus on traders will stay on German GfK Consumer Climate and U.S. Unemployment Claims as these both events have the potential to drive some price action in the market.