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/GBP Triple Bottom Support – Is It Worth Buying?

Entry Price – Buy 0.90313 

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

A day before, the highly noticed Non-Farm Employment Change from the United States was increased to 4.8M from the expected 3.037M and supported the U.S. dollar. The Unemployment rate from the U.S. in June dropped to 11.1% from the 12.4% forecasted and helped the U.S. dollar. The news side is a bit muted today, and we may see no major even as the U.S. Banks will be closed in the observance of U.S. independence day.

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

Entry Price – Buy 1.24947

Choppy Session in Gold Continues – Brace for a Breakout! 

The safe-haven-metal prices failed to stop its previous day losing streak and remained depressed around $1772 from the multi-year highs level, mainly due to the risk-on market sentiment that was backed by the release of positive data from the U.S. and China. On the other hand, the ever-increasing number of COVID-19 cases globally and simmering tensions between the U.S. and China turned out to be the key factors that kept a lid on any additional losses in the gold prices. However, the selling bias surrounding the U.S. dollar might turn out to be the only factor giving some support to the dollar-denominated commodity (gold) and limiting deeper losses. The yellow metal prices are currently trading at 1,773.74 and consolidated in the range between the 1,772.95 - 1,777.16.

FX Options Market Combined Volume Expiries for 3 rd 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.

EUR/GBP Breaks Symmetric Triangle – Brace for Sell Trade!

Entry Price – Sell 0.91248 

Daily F.X. Analysis, July 02 – Top Trade Setups In Forex...

The broad-based U.S. dollar drew offers on the day, possibly due to the modest upbeat trading sentiment backed by the hopes of further stimulus and upbeat outcome of the global PMIs. However, the losses in the greenback could be short-lived or temporary as the second wave of coronavirus continuously picking up pace in the U.S., which boosts the safe-haven demand in the market.

GBPCHF Shows Bullish Signals

Description

Daily F.X. Analysis, July 01 – Top Trade Setups In Forex...

On the news front, the primary focus will stay on the ADP non-farm payroll figures, which are expected to be positive. If the actual data also comes out positive, we are going to see sharp selling in gold. Conversely, the negative data can drive selling the dollar and buying in gold.

FX Options Market Combined Volume Expiries for 1St 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.

FX Options Market Combined Volume Expiries for 2 Nd 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.

EUR/USD Crosses Below 50 EMA – Brace for Selling!

Entry Price – Sell 1.12256 

EUR/JPY on a Bullish Run – Bullish Engulfing Plays!

Entry Price – Buy 121.763

FX Options Market Combined Volume Expiries for 6th 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 07 – Top Trade Setups In Forex...

On the news front, the Eurozone and Switzerland may release a series of low impact events, but they are expected to have a muted impact in the market. The market will be looking towards the new signals about the recovery fund from the meeting of euro-area finance ministers on the coming Thursday before E.U. Summit on 17-18 July.

DAX Remains Bullish

The German index DAX 30 advances in an upward Elliott wave sequence that suggests more upsides in the following trading sessions.

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

On the fundamental side, the market isn't bustling as we only got ISM Non-Manufacturing PMI from the U.S. and BOC Business Outlook Survey from the Canadian economy. The ISM non-manufacturing may drive some price action during the U.S. session today. Overall, the technical side will play most of the role.

Daily F.X. Analysis, June 5 – Top Trade Setups In Forex...

On the news front, it's likely to be a busy day with most of the focus staying on the European Central Bank's monetary policy meeting. ECB's Main Refinancing Rate holds at 0%, and So far, the ECB isn't expected to change it. However, we need to closely monitor the Press conference as the hawkish or dovish remarks from President Christine Lagarde can drive price action in the EUR/USD pair today. Besides, the dollar may stay supported ahead of the NFP figures coming out on Friday.

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

On the news front, it's going to be a busy day in the wake of U.S. Chicago PMI, C.B. Consumer Confidence, and Fed Chair Powell Testifies. The European session may exhibit muted trading, but the New York session is likely to bring sharp movements in the market, and we can expect breakouts.

FX Options Market Combined Volume Expiries for 30th June 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.

GBPJPY Expects Further Upsides

Description

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

On the news front, the focus will be on the BOE Gov Bailey speak and Pending home sales from the U.S., but overall, the techniques are to play a major role today.

FX Options Market Combined Volume Expiries for 7th 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.

EUR/USD Bullish Bias Continues – 50 EMA Supports Buying Trade!

Entry Price – Buy 1.12575

Crude Oil Bearish Retracement In Play – Brace for a Bullish...

The WTI crude oil prices slightly dropped even after positive headlines regarding the United States and China trade news. Chinese state media Xinhua reported that Chinese Vice Premier Liu He

EUR/JPY Breaks Below Descending Triangle – Brace for Selling! 

The EUR/JPY failed to extend its early-day bearish moves and rose well above 119.820 support levels, mainly due to bullish correction. It seems like a sharp rise in the coronavirus cases in Europe and on-going tensions between the EU-US undermined the shared currency and kept a lid on any additional gains in the pair, at least for now. Currently, the EUR/JPY trading at 120, holding right below an immediate resistance level of 120.193. However, the hopes of the European Union (E.U.) Recovery Fund deal kept the positive tone around EUR/JPY pair high.

Profit from our Brand-New Signals Section!

Dear members,

AUD/USD Exhabits Bullish MACD & RSI Crossover – Quick Update on...

During Tuesday's European trading session, the AUD/USD currency pair took a U-turn from early-day losses and drew some fresh bids around well above 0.6900 level mainly due to the risk-on market sentiment triggered after the uncertainty between the US-China over trade deal decreased which eventually underpinned the perceived risker Australian dollar and contributed to the currency pair gains. On the other hand, the gains in the currency pair were further bolstered by the broad-based US dollar selling bias in the wake of risk-on market sentiment. At the press time, the AUD/USD currency pair is currently trading at 0.6928 and consolidating in the range between 0.6858 and 0.6938.

GBPJPY Bearish Engulfing after double top at the upper edge of...

GBPJPY has been moving in a descending channel since April 10. The action created a lot of volatility, driving prices back and forth from top to bottom of the channel. The last iteration drove its price to surpass the upper limit, a +2 sigma event, which means the pair was overpriced if we compare it with what we may call the fair price, which is the linear regression channel, the red mid-line.

USD/CAD Crossover 50 EMA – Can Upward Trendline Drive More Buying? 

The USD/CAD currency pair extended its previous day winning streak and rose to 1.3580 level, mainly due to the declines in the crude oil prices, which tend to undermine the commodity-linked currency the loonie and contributed to the pair's modest gains. The broad-based U.S. dollar strength initiated by the fresh pickup in the U.S. Treasury bond yields turned out to be one of the key factors that kept currency pair higher, at least for now. Currently, the USD/CAD currency pair is currently trading at 1.3562 and consolidating in the range between 1.3525 and 1.3583.

Make Huge Profits With Our New Free Options Based Forex Price...

https://youtu.be/HhJiaet2IJA

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

The U.S. Dollar Index regained bullish bias at 102.81, while U.S. stock scored daily downside limits. Federal Reserve Bank of St. Louis President James Bullard said U.S. jobless rate might soar to 30% in the second quarter, and the Fed can provide more support if necessary. The U.S. official data showed that existing home sales amounted to an annualized rate of 5.77 million units in February, higher than expected.

GBP/USD Sideways Channel Breakout – Quick Update on Signal! 

Earlier today, the GBP/USD flashed green and rose from three-week lows to just below mid-1.2400 level following Friday's upbeat U.K. retail sales figures, which underpinned the British Pound and contributed to the currency pair gains. The broad-based U.S. dollar weakness triggered by the risk-on market sentiment also played a key role in the pair's bullish trend. The GBP/USD is currently trading at 1.2380, as it has violated the consolidation range of 1.2405 and 1.2456.

GBP/USD Crosses Below 50 EMA – Brace for a Sell Position! 

The GBP/USD currency pair failed to stop its 3-day losing streak and dropped to 1.2212 and represented 0.09% losses on the day as the BOE Governor Andrew Bailey’s recent indication about negative rates weighed on the Cable. Moreover, the reason for the pair declines could also be attributed to the broad-based U.S. dollar strength in the wake of intensifying US-China tussle. The GBP/USD is trading at 1.2220 and consolidating in the range between 1.2201 and 1.2239. However, the traders will be cautious to place any strong position ahead of the U.K. Retail Sales data.

Daily F.X. Analysis, June 26 – Top Trade Setups In Forex...

The fundamental side is again muted with a limited number of economic events that don't have the potential to drive major movement in the market today. Therefore, the focus will remain on the technical side of the market.

Daily F.X. Analysis, June 18 – Top Trade Setups In Forex...

Let's keep an eye on the U.K. Monitory Policy meeting, especially on the MPC members voting for the Asset Purchase facility. Overall, the bank isn't expected to change it's interest rate today. Besides, the U.S. Jobless Claims and Manufacturing Index will remain in focus.

USD/CAD Choppy Session Continues – Brace for Breakout! 

The USD/CAD was closed at 1.34942 after placing a high of 1.35722 and a low of 1.34798. Overall the movement of USD/CAD remained bearish throughout the day. The USD/CAD pair posted losses for the 3rd consecutive day on Wednesday amid the weakness on the US dollar due to risk-on market sentiment. The reopening of economies has boosted the expectations of faster economic recovery and provide confidence to the investors that central banks and governments were there to underpin the global economy.

Daily F.X. Analysis, June 25 – Top Trade Setups In Forex...

As risk aversion emerged in the market, the U.S. dollar became strong, and equity prices in Wall Street started losing as the speed of the U.S. dollar rallied. On the news front, the eyes will be on the U.S. Final GDP, Durable Goods Orders m/m, and Unemployment Claims figures due to come out during the New York Session. Overall the macroeconomic events are expected to be positive, and these may keep the U.S. dollar bullish today while keeping gold bearish.

USD/JPY Double Bottom and MACD Crossover – Quick Update on Signal! 

The USD/JPY currency pair broke its previous session consolidation range near 106.70-75 region and rose above 107.00 level mainly due to the risk-on market sentiment, which undermined the safe-haven Japanese yen and contributed to the currency pair gains. On the flip side, the broad-based US dollar edged lower on the day backed by the lack of safe-haven demand in the market kept a lid on any additional gains in the currency pair. 

EUR/GBP Fails to Break Triple Bottom Support – Is Our Signal...

The EUR/GBP pair is trading at 0.9028 level, holding above the triple bottom support area of 0.9020 level. Overall, the EUR/GBP is trading with a bullish bias, both from fundamental and technical perspective. For instance, the headline IFO Business Climate Index was improving to 85.0 against 79.5 previously. While, the Current Assessment sub-index was arriving at 84.0 this month, while the IFO Expectations Index – indicating firms' projections for the next six months – is likely to come out at 87.0 in the reported month vs. 80.1 last.

EURCAD Piercing Pattern and Breakout

EURCAD has been moving in a slightly descending channel, here shown as a linear regression channel.  The last iteration of the Price drove it from the top of it to near the bottom. There, it made a double bottom figure and headed up again. After being rejected by the central regression line (dotted line), the Price retraced slightly, then, four hours ago, The Price made a piercing candlestick followed by a large candlestick that went above the last high.

GBPAUD Shows a Bearish Failure

Description