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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

Three White Soldiers and 50 EMA – Should We go Long...

The Japanese cross EUR/JPY is on a bullish run, having crossed over 50 periods EMA at 115.551. As for the Japanese economic data is concerned, the Monetary Base for the year from Japan showed a decline to 2.3% against the expectations of 4.5% and weighed on JPY, which resulted in the upward movement of the EUR/JPY pair.

USDCAD Buy Limit

USDCAD Limit Buy entry at 1.4050 with a target of 1.4525 and SL of 1.3980

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EUR/USD Symmetric Triangle Breakout – Update on Sell Signal! 

On Thursday, the single currency euro slipped to its weakest level in a month following data, which showed a dramatic slowdown in the Eurozone's economic activity. The business activity is mostly halted by government-imposed lockdowns to prevent the coronavirus pandemic.

Dollar Index Long Term Wave Analysis

The US Dollar Index (DXY) from last October shows signs of exhaustion of the bullish cycle that started in February 2016. What says us the Elliott Wave Principle about the next path of the US Dollar? In this article, we will discuss what to expect for the Greenback.

AUD/USD Bearish Engulfing Signals Selling Bias – Brace for Quick Short...

The AUD/USD pair was closed at 0.68540 after a high of 0.70039 and a low of 0.68392. Overall the movement of AUD/USD pair remained bearish throughout the day. The risk perceived Aussie posted losses on Thursday in risk-off market sentiment, which was caused by the gloomy outlook of the US economy by Federal Reserve in its monetary policy meeting. The FED in its report said that the impact of coronavirus could last for a more extended period of time than Fed expected, and recovery would also be slower than expected.

USD/CAD Broke Below Triple Bottom Support – Let’s Capture Retracement!

During the late European session, the USD/CAD pair exhibited sharp selling to drop below 1.34678 support level. Overall, the movement of the USD/CAD pair remained bearish throughout the day. The USD/Cad pair posted losses on the back of the broad-based US dollar weakness and rising crude oil prices.

EUR/GBP Triple Bottom Support – Is It Worth Buying?

Entry Price – Buy 0.90313 

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. 

AUD/USD Tests 50 EMA – Quick Update on Signal!

During Friday's early European trading session, the AUD/USD currency pair failed to stop its previous session losing streak and was depressed near 0.6935 level of broad-based U.S. dollar strength triggered by the worst situation coronavirus. The risk-off market sentiment backed by the multiple factors weakened the Australian dollar's perceived riskier and contributed to the currency pair gains. At the moment, the AUD/USD currency pair is currently trading at 0.6947 and consolidating in the range between 0.6924 - 0.6966. However, the investors seemed cautious to place any strong bids due to light trading on the day ahead.

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

The British pound extended its gains on expectations that Brexit uncertainty could be cleared when the ruling Conservative Party wins a majority in the December 12 general election. GBP/USD charged 0.4% higher to 1.3157, a fresh 7-month high. EUR/GBP declined 0.2% to 0.8438, which was last seen in May 2017.

GBP/USD Breaks Upward – Let’s Capture Bullish Run!

Entry Price – Buy 1.24947

USD/CAD Gain Support Over Double Bottom – Who’s Up for Bullish...

The USD/CAD pair slipped sharply to form the double bottom pattern around 1.3864 level on the 4-hour chart. The primary reason behind a sharp sell-off in the USD/CAD pair is the risk-on market sentiment, which is increasing demand for crude oil following the report of successful clinical trials of Gilead Sciences' retroviral drug Remdesivir. The drug will be used to treat those infected by COVID-19, and investors are expecting the market will be back to its feet once this medicine gets success.

USD/JPY Bearish Price Action – Is It Heading for 107.450?

The USD/JPY has violated the horizontal support level of 108.300, which can ve seen on the 4-hour chart. Closing of candles below this level may extend selling bias until 107.450 as the demand for safe-haven assets remains solid. 

USD/JPY Violates Symmetric Triangle Pattern – Buy Signal in Play! 

The USD/JPY has violated the ascending triangle pattern at 106.08 level, and it may head further higher until the next target level of 106.500 level. On the data front, at 04:30 GMT, the Unemployment Rate from Japan dropped to 2.9% from the expected 3.0% in July and supported the Japanese Yen. At 04:50 GMT, the Capital Spending from Japan dropped by -11.3% against the estimated -4.0% and weighed heavily on the Japanese Yen. At -5:30 GMT, the Final Manufacturing PMI for August from Japan expanded to 47.2 against the projected 46.6 and supported the Japanese Yen.

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

On the news front, the eyes will be on the U.S. ADP Non-farm payroll figures, which may drive price action during the New York session today. Besides, the U.S. Crude Oil Inventories will remain in highlights as economists expect a slight draw in U.S. oil stocks that may drive buying in WTI crude oil.

Overbought Gold Closes Bearish Engulfing – Brace to Sell! 

During the Asian session, the precious metal gold was trading at 1,713 area. Technically, gold has entered the overbought zone, and it may help show us a slight bearish retracement below 1,718 area until 23.8% Fibonacci retracement level of 1,705 before showing further bullish trends in the market. 

EUR/USD Stays Below 50 EMA – Quick Update on Sell Signal! 

The EUR/USD continues to trade bearish below 1.1800 support. It becomes a resistance level, having hit the low of 1.1740 level mainly due to the broad-based U.S. dollar latest recovery moves, supported by Friday's better-than-expected employment report. However, the gains in the U.S. dollar could be limited or short-lived as uncertainty remains about the U.S. economic recovery. 

XAU/USD Trades Bullish Amid Trade Tensions – Update on Sell Signal! 

The yellow metal gold traded sharply bullish to hold around 1,720 area. Most of the buying in gold was safe haven driven, leading the gold prices towards the highs of 1,726. Below this, the XAU/USD is likely to close a doji candle, which suggests odds of bearish bias retracement in gold.

USD/CAD Recovers from Losses – WTI Up for Retracement! 

The USD/CAD pair was closed at 1.40460 after placing a high of 1.41406 and a low of 1.40318. Overall the movement of the USD/CAD pair remained bearish throughout the day. After posting gains for the last 3 days, the USD/CAD pair dropped on Thursday amid the increased demand for crude oil. WTI Crude Oil gained ground after the International Energy Agency (IEA) improved its oil demand outlook for 2020. Oil prices rose to $27.92 barrel on Thursday and gave strength to commodity-linked currency-Loonie. 

NZD/USD Ascending Triangle Pattern in Play – Quick Update on Signal! 

The NZD/USD currency pair flashed green and rose to 0.6230 level, mainly due to weaker crude oil prices, which undermined the commodity-linked currency the loonie and exerted some bullish impact on the currency pair. While, the broad-based U.S. dollar is selling bias rolled out to be one of the key determinants that held a lid on any additional gains in the currency pair, at least for now. As in result, the currency pair remained confined in a three-day-old trading range. 

EUR/USD Choppy Trading Continues – An Update on Signal!

The EUR/USD remain depressive near 1.18 level, mainly due to the coronavirus latest report, which fueled fears that the economic recovery could halt once again. Despite the risk-off market sentiment in the Asian stock markets, the broad-based U.S. dollar struggled to draw safe-haven bids but failed at least now. In turn, the currency pair got helped to limit its deeper losses and hold above 1.18 level. The on-going U.S. Congress's failure to reach an agreement for the country's latest COVID-19 stimulus package also adds a burden to the greenback and helps currency pair. At the moment, the EUR/USD currency pair is currently trading at 1.1802 and consolidating in the range between 1.1791 - 1.1826.

AUD/USD Double Top Breakout – Quick Update on Buy Signal!

Entry Price – Buy 0.70425

Gold Breakout Upward Channel – Can 50 EMA Support?

On Friday, the gold prices fell sharply from 1,724 level to 1,682 level as the demand for safe have assets faded after headlines from STAT news that Gilead Sciences experimental drug witnessed the fast recoveries in fever and respiratory symptoms which are linked with the coronavirus. 

Gold Signal Update – Three Winning Trades In a Row!

Entry Price – Sell 1.15841

DAX Could Keep Making New Highs- An Elliott Wave Scenario Planning

The German index DAX 30 contains the 30 biggest German public companies traded in the Deutsche Böerse. In this article, we will review what to expect from the German index for the coming weeks.

Daily F.X. Analysis, July 21 – Top Trade Setups In Forex...

The U.S. dollar continued to struggle because of the previous week's latest U.S. consumer confidence data release. The less consumer confidence over the U.S. economy weighed on the greenback as the economy struggles to overcome the coronavirus situation. Today, the market is likely to focus on the Canadain retail sales figures, but these may not have any impact on gold and other currency pairs. Technical levels will matter today.

GBP/USD Breaks over Double Top Pattern – Buckle Up for Buying

The GBP/USD trades bullish around 1.2030 in the wake of less dovish than expected monetary policy decisions. The central bank left the interest rate unchanged at 0.10%. However, it has warned that the measure and term of the economic collapse arising from the coronavirus pandemic will be "wide and dramatic but should eventually prove short-lived."

USD/CAD Completes 38.2% Fibo Retracement – Retail Sales Surpries!

The USD/CAD closed at 1.32846 after placing a high of 1.33249 and a low of 1.32694. Overall the trend for USD/CAD remained Bearish that day. Last month, the Central Bank

WTI Crude Oil Prices Came Under Pressure Despite OPEC Agreed To...

The WTI crude oil prices dropped despite the report that OPEC minister agreed to cut the oil output by 1.5 million barrels per day. It's worth to mention that the cut is finalized after approval from Russia. A meeting of both OPEC and OPEC+ members later in the day is in focus. 

USD/CAD Retest Triple Top – Let’s Capture a Quick Sell!

Entry Price – Sell 1.36131

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.

USD/JPY Braces to Trade Triple Bottom Breakout! 

The USD/JPY failed to stop its four-day declining streak and witnessed some further selling near two-weeks lows at 106.65 level, mainly due to the cautious mood around the equity markets, which strengthens the Japanese yen's safe-haven demand and sent the pair down.

Gold Prices on a Bullish Run – Quick Update on Trading...

The safe-haven-metal prices remain depressed under the lowest level of more than a month around $1,680, mainly due to the risk-on market sentiment in the wake of better-than-expected U.S. employment report. The reason for the upbeat trading sentiment could also be attributed to the news about the merger of drug majors AstraZeneca and Gilead, which eventually exerted some downside pressure on the safe-haven assets. 

GBP/JPY Supported Over Upward Trendline – Buy Signal Update

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USD/JPY Testing Lower Edge of Bullish Channel – Can We Expect...

The USD/JPY currency pair traded bullish to hit the three-months high at 108.94 before declining to 108.40. As of writing, the USD/JPY currency pair is trading near the 108.40s and

EUR/USD on a Bullish Run – Is It Going After 1.085?

The EUR/USD pair is trading with a bullish bias, bouncing off above 1.0640 level to trade at 1.0770 on the daily timeframe. Technically, the EUR/USD pair seems ready to show a bullish correction until 1.0990, but we can't take the risk of holding swing trade considering the volatile nature of the market these days. 

GBP/USD Set for Bearish Correction – Brace for Sell Signal

The GBP/USD currency pair remains on the bullish track and taking rounds around above the mid-1.3200 level, mainly due to the hotter-than-expected U.K. consumer inflation figures, which initially underpinned the Pound sterling and contributed to the currency pair gains. On the other hand, the broad-based U.S. dollar fresh weakness, backed by the upbeat market mood, also played its role in gaining positive traction for the currency pair.

Daily F.X. Analysis, August 17 – Top Trade Setups In Forex...

On the news front, the market isn't offering any high impact on market-moving fundamentals. Therefore, we have to focus on the market's technical side to drive further movements in the market.