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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

USD/CHF Continues to Drip Amid Weaker Dollar – Quick Update on...

During Friday's European trading hours, the USD/JPY currency pair failed to stop its previous session bearish moves and took further offers below mid- the 0.9000 level. However, the reason for the bearish tone around the currency pair could be associated with the broad-based U.S. dollar weakness, triggered by the risk-on market mood, which tends to undermine the safe-haven U.S. dollar. Hence, the upbeat market sentiment, supported by optimism over a potential vaccine/treatment for the highly infectious coronavirus.

XAU/USD Concludes Bullish Engulfing Over Intraday Resistance – Signal Update 

The yellow metal gold soared 1% to its highest in a week as traders confidence that a U.S. coronavirus aid package will be announced before the Nov. 3 presidential elections urged the dollar and supported bullion's appeal as an inflation hedge.

USD/JPY Violates Bearish Flag – Buckle up for a Sell Signal! 

The USD/JPY pair is trading sharply bearish after violating the bearish flag at the 104.680 level. Below this level, we may have more selling trade opportunities. The USD/JPY pair traded with a positive note during the whole Thursday session after a goodish pickup in the U.S. dollar demand. The rebounded U.S. dollar helped currency pair USD/JPY to gain positive traction and move away from the six-week lowest level it touched on Wednesday.

NZDUSD Short-Term Wave Analysis

Overview

USD/CAD Slips Below Downward Trendline – Brace for a Sell Signal! 

The USD/CAD pair was closed at 1.31447 after placing a high of 1.31519 and a low of 1.30808. Overall the movement of the USD/CAD pair remained bullish throughout the day. In the early trading session on Wednesday, the USD/CAD pair followed its Tuesday's move and dropped to its lowest since 7th September over the US dollar's weakness. The decline in crude oil prices also played a role in raising the USD/CAD pair on board. The negative macroeconomic data from Canada also added strength to the USD/CAD pair gains on Wednesday.

AUD/USD Set to Complete ABCD Pattern – Buying Signal! 

The AUD/USD pair was closed at 0.71174 after placing a high of 0.71365 and a low of 0.70445. Overall the movement of the AUD/USD pair remained bullish throughout the day. On Wednesday, the AUD/USD pair posted the biggest gain since October 09 amid the broad-based US dollar weakness and the improved risk sentiment due to US stimulus package talks' developments.

Gold Bounces Off Over Support Level of 1,912 – Time to...

The yellow metal gold has traded sharply bearish, dropping from the 1,930 mark to the 1,912 level. Gold gained support at 1,912, the same level that extended support previously after a violation of a symmetric triangle pattern. Gold fell despite a dip in the U.S. stocks as they posted modest losses after a choppy session. The Dow Jones Industrial Average fell 98 points (-0.35%) to 28210, the S&P 500 dropped 7 points (-0.22%) to 3435, and the Nasdaq 100 eased 12 points (-0.11%) to 11,665.

Daily F.X. Analysis, October 22 – Top Trade Setups In Forex...

The economic calendar is filled with medium impact economic events such as Unemployment Claims, C.B. Leading Index m/m, and Existing Home Sales from the United States on the news front. Besides, the Consumer Confidence from the Eurozone will also remain in the highlights today. The market may show some price action during the U.S. session on the release of U.S. Jobless Claims. 

Prop Trader’s Take on the Depth of Market Tool

The number one concern professional traders have about trading is if their emotional and mental state is adequate for trading. To technical prop traders...

FX Options Market Combined Volume Expiries for 21st October 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, October 21 – Top Trade Setups In Forex...

On the news front, the economic calendar is filled with a series of fundamentals from the U.K. and Canada, focusing on the U.S. Inflation data. The U.K. Inflation data is due during the European session, and economists expect a slight improvement in the U.K. CPI figures from 0.2% to 0.4%, while core CPI is likely to surge to 0.4% from 0.2%, and it may underpin the Cable pair today. On the other hand, the Canadian inflation report is also expected to perform slightly better today to support the Canadian dollar demand. 

USD/CAD Examines Double Bottom Support – Brace for Bullish Recovery! 

The USD/CAD pair was closed at 1.31273 after placing a high of 1.32036and a low of 1.31042. Overall the movement of the USD/CAD pair remained bearish throughout the day. The USD/CAD pair fell to its fifth day lowest level on Tuesday amid the broad-based US dollar weakness and the strong rebound in crude oil prices.

USD/CAD Managed to Extend Its Previous Session Modest Gains

During Tuesday's early Asian trading session, the USD/CAD currency pair managed to extend its previous session modest gains and remain well bid around closer to 1.3200 level due to the declines in the crude oil prices, which tend to undermine the commodity-linked currency the Loonie and helps the currency pair to put the fresh bids during the early Asian session. 

FX Options Market Combined Volume Expiries for 20th October 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, October 20 – Top Trade Setups In Forex...

On the news front, the economic calendar is filled with a series of low impact economic events. However, the focus will remain on the German PPI m/m and Current Account from the Eurozone, and the point to note is that both of the data are expected to be positive so that it may underpin the Euro today. Besides, the FOMC Member Williams and Quarles speeches will be monitored for further price action. 

AUD/USD Violates Bearish Flag – Bearish Bias Dominates!   

The AUD/USD pair was closed at 0.70685 after placing a high of 0.71144 and a low of 0.70685. Overall the movement of the AUD/USD pair remained bearish throughout the day. The AUD/USD pair extended its previous day's losses and dropped for the third consecutive day on Monday as the market sentiment soared after the reports from the US dampening hopes of a US COVID-19 stimulus deal.

FX Options Market Combined Volume Expiries for 19th October 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, October 19 – Top Trade Setups In Forex...

On the news side, the economic calendar is filled with high impact speeches from the central bank officials such as the U.S. Fed Chair Powell and ECB President Lagarde. The U.S. Fed Chair Powell participates in a panel discussion about cross-border payments and digital currencies at the International Monetary Fund's annual meeting, via satellite. Audience questions are expected. Simultaneously, the U.K MPC Member Cunliffe and the FOMC Member Clarida are also due to speak during the U.S. sessions.

Bearish Flag in AUD/USD – Can we Expect Bearish Trend Continuation?  

During Monday's early Asian trading session, the AUD/USD currency pair failed to stop its Friday's losing streak and witnessed some fresh selling on the first trading day of the week while dropped to the near three-week lows below the 0.7100 level. However, the prevalent bearish sentiment around the currency pair could be associated with the on-going expectations of further policy easing by the RBA, which tends to undermine the Australian dollar and contribute to the currency pair losses. 

USD/CAD Gains Support Over 1.3170 – Can Bullish Engulfing Drive Bounce...

The USD/CAD was closed at 1.31927 after placing a high of 1.32374 and a low of 1.31770. Overall the movement of the USD/CAD pair remained bearish during the Aisan session today. Most of the selling is seen following the gains in USD/CAD for three consecutive days. The USD/CAD pair posted losses on Friday amid the mixed sentiment around the US stimulus package and Canada's strong data. On late Thursday, President Trump said that he was raising the size of a fiscal stimulus package to win the support of Democrats to deliver the package to struggling Americans. The republicans were not in favor of big stimulus, and it raised concerns that the stimulus package will not be delivered before elections.

USD/CHF Downward Channel in Play – Quick Update on Signal!

The USD/CHF extended its previous session losing streak and hit the intra-day low around the 0.9130 regions in the last hours. However, the reason for the currency pair prevalent bearish bias could be attributed to the risk-off market sentiment, which underpins the safe-haven Swiss Franc and contributes drive selling in the pair. Hence, the market trading bias was being pressured by the fears of the steep rise in new coronavirus infections in Europe and the U.S.

GBP/USD Succeeded to Stop Losing Streak – Quick Update on Signal!

During the Friday's early European trading session, the GBP/USD currency pair managed to stop its early-day declining streak and recovered from the daily lows of 1.2883 to the 1.2925 level mainly due to the fresh optimism about the Brexit deal, triggered by the report suggesting that the European Union (E.U.) and the U.K. policymakers are ready to extend talks, which eventually helped the currency pair to limit its deeper losses.

AUD/CAD Trimmed Its Eary-Day Gains & Dropped – Downward Channel In...

The AUD/CAD failed to extend its early-day modest gains and edged lower around the 0.9362 level. However, the bearish sentiment around the currency pair could be associated with the on-going tussle between the US-China and stimulus deadlock in the U.S., which leads to the decline in U.S. stock's future. This, in turn, undermined the perceived risk currency Australian dollar and contributed to the currency pair losses. The acceleration in the coronavirus (COVID-19) wave 2.0 also played a major role in undermining the market trading sentiment, which added further burden around the Australian dollar's perceived risk currency and dragged the currency pair low. 

FX Options Market Combined Volume Expiries for 16th October 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, October 16 – Top Trade Setups In Forex...

On the news side, the economic calendar is likely to offer another round of central bankers' speeches worldwide. BOC Gov Council Member Lane, U.S. FOMC officials, is due to speak today. Simultaneously, the main highlight of the day is likely to be ECB President Lagarde Speaks and Unemployment Claims from the U.S. economy.

AUD/USD Breaks Below Upward Channel – Braceof Sell Upon Retracement! 

During Thursday's early European trading hours, the AUD/USD currency pair failed to stop its previous session bearish moves and took further offers near well below 0.7100 level, mainly due to the disappointing release of employment details, which showed that Australia's economy lost 29.5K jobs in September. This, in turn, undermined the Asutliann dollar and contributed to the currency pair declines. Apart from this, the increasing probabilities of an interest rate cut by the Reserve Bank of Australia in November also played its major role in undermining the Australian dollar. Across the pond, the prevalent risk-off market sentiment, triggered by the worsening coronavirus (COVID-19) conditions in Europe and the U.K., exerted some additional pressure on the perceived riskier Aussie and dragged the currency pair below 0.7100 mars.

USD/JPY Under Pressure – Downward Channel Weights! 

The USD/JPY pair was closed at 105.161 after placing a high of 105.514 and a low of 105.034. Overall the movement of the USD/JPY pair remained bearish throughout the day. The rising uncertainties in the market related to US stimulus, vaccine development, global economic recovery, and the US November presidential elections gave a push to safe-haven appeal that supported safe-haven Japanese Yen and weighed on USD/JPY pair.

FX Options Market Combined Volume Expiries for 15th October 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, October 15 – Top Trade Setups In Forex...

On the news side, the economic calendar is likely to offer another round of central bankers' speeches worldwide. BOC Gov Council Member Lane, U.S. FOMC officials, is due to speak today. Simultaneously, the main highlight of the day is likely to be ECB President Lagarde Speaks and Unemployment Claims from the U.S. economy.

GBP/USD Breaking Below 1.3000 Support – Is It Worth Selling? 

In the European trading session, the GBP/USD currency pair managed to stoop its previous session declining streak and refresh the intra-day high around mid-1.2900 level mainly due to easing fears of a no-deal Brexit, which initially underpinned the Pound and contributed to the currency pair gains. This was witnessed after the latest reports suggesting that the European Union leaders will be meeting in Brussels on Thursday and Friday to discuss Brexit and label progress in talks with the U.K. 

USD/CHF Failed to Extend Previous Session Gains – Downward Channel In...

Today in the European trading session, the USD/CHF currency pair stopped its previous session bullish momentum. They edged lower below the 0.9150 level, mainly due to the risk-off market sentiment, triggered by lack of additional U.S. fiscal stimulus and the US-China tussle, which eventually underpinned the safe-haven Swiss franc and kept the currency pair under pressure. Moreover, the market trading sentiment was further pressured by the downbeat reports that Johnson & Johnson paused the coronavirus vaccine trails, which also burdened the currency pair. 

Bearish Bias Dominates EUR/JPY – Downward Channel In Play! 

Today in the early European trading session, the EUR/JPY currency pair failed to stop its previous session losing streak and picked up further offers around below the 124.00 marks. However, the bearish sentiment around the currency pair could be attributed to the prevalent market risk-off sentiment, which benefitted the safe-haven Japanese yen and exerted some heavy pressure on the currency pair. Thus, the market trading sentiment was being pressured by the US policymakers’ failures to offer the much-awaited fiscal stimulus as well as the intensification of the Sino-American tussle also weighed on the market trading tone. 

AUD/NZD Failed To Gain Any Positive Traction – Quick Update on...

The AUD/NZD currency pair failed to extend its early-day winning streak and remain flat around 1.0753/70 region, mainly due to the risk-off market sentiment, which eventually undermined the perceived risk currency Australian dollar and contributed to the currency pair declines. However, the market trading sentiment was being pressured by the intensification of the Sino-American tussle, and the uncertainty over the American stimulus package also weighed on the market trading tone. 

FX Options Market Combined Volume Expiries for 14th October 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, 14th October – Top Trade Setups In Forex...

On the news side, the focus will remain on the Core PPI and PPI figures that are likely to underperform compared with the previous month's data, with this, the dollar may get weaker against other currencies. However, the FOMC members' speeches will be worth monitoring to predict further market action. 

Choppy Trading in USD/CAD – Brace for a Breakout Setup! 

Today in the early European trading session, the USD/CAD currency pair extended its previous session recovery rally and remains bullish around 1.3144 level, mainly due to the broad-based U.S. dollar strength, backed by the risk-off market mood. However, the reason for the prevalent risk-off market sentiment could be associated with the reports suggesting that the U.K. pharma giant, Johnson, and Johnson, stopped its COVID-19 vaccine trial due to an unexplained illness. This, in turn, underpinned the safe-haven U.S. dollar and contributed to the currency pair gains. The on-going uncertainty over the American stimulus package also weighs on the market risk-tone, which gives further support to the U.S. dollar and keeps the currency pair higher. 

EUR/USD Sideways Session Continues – Brace for Sell Position

The EUR/USD failed to stop its previous session losses and further offers around below the 1.1800 level. However, the bearish sentiment around the currency pair was boosted after the fresh downbeat released German ZEW headline numbers for October, showing that the Economic Sentiment Index came in at 56.1 against 73.0 expectations 77.4 last. This, in turn, undermined the sentiment around the shared currency and contributed to the currency pair losses.