Trading Plan for EUR/USD and GBP/USD for April 28, 2017

Technical outlook: So the story continues as discussed earlier and EUR/USD probably just found a top around 1.0950 levels. Maybe at the most, one more high which looks less probable at the moment though. Please also note the evening star appeared yesterday and a good test was done today a few hours ago. Moreover, it Read more about Trading Plan for EUR/USD and GBP/USD for April 28, 2017[…]






Daily analysis of NZD/USD for April 28, 2017

Overview The NZD/USD pair held stable below 0.6915 after retesting it yesterday, which keeps our bearish view valid until now. This view is supported by the negative pressure formed by the EMA50, and the way is open to visit our next target at 0.6780. Therefore, we are waiting for more decline in the upcoming sessions, Read more about Daily analysis of NZD/USD for April 28, 2017[…]






Daily analysis of USD/CAD for April 28, 2017

Overview The USD/CAD pair retested the level of 1.3574 yesterday and held stable above it, resuming its positive trading and attempting to build support base above 1.3600 barrier. It reinforces the expectations of more rise in the upcoming period, and the way is open to head towards the lelev of 1.3837 which represents 61.8% Fibonacci Read more about Daily analysis of USD/CAD for April 28, 2017[…]






Daily analysis of EUR/JPY for April 28, 2017

Overview The EUR/JPY pair formed an intraday negative rebound to test the initial support at 120.80. A good leaning point has been formed which confirms continuation of the positivity in the upcoming period. We notice the price rally, which makes us keep our bullish expectation. Our positive targets located at 122.90 and 124.15. Any attempt Read more about Daily analysis of EUR/JPY for April 28, 2017[…]






Daily analysis of GBP/JPY for April 28, 2017

Overview The GBP/JPY price confirmed the continuation of the bullish bias, trading above the barrier at 143.35 levels. The pair started recording new positive targets as shown in the image above. This makes us wait until recording the next target at 145.40. Note that surpassing this level will open the way towards testing the achieved Read more about Daily analysis of GBP/JPY for April 28, 2017[…]






Daily analysis of Silver for April 28, 2017

Overview Silver price broke 17.43 level and settled with a daily close below it. This stops the recently suggested bullish scenario and puts the price under the negative pressure on the short-term basis, paving the way towards 16.56 as the next key target. Therefore, the bearish trend will remain valid in the short term. This Read more about Daily analysis of Silver for April 28, 2017[…]






NZD/USD Fundamental Analysis April 28, 2017

NZDUSD has been impulsively bearish throughout the week taking the price all the way down from 0.7050 to 0.6890. Today, NZD Building Consents report was published with a negative figure at -1.8% which previously was at 17.2% and Trade Balance report was also not quite as forecasted at 332M which was expected to be at Read more about NZD/USD Fundamental Analysis April 28, 2017[…]






EUR/AUD Fundamental Analysis April 28, 2017

After the gap since early this week and massive long positions on EUR/AUD, the price is now rejecting buyers off the 1.4600 resistance level. Today, we had mixed economic report on AUD side. PPI was published unchanged at 0.5% which was expected to be at 0.3% and Private Sector Credit was also unchanged at 0.3% Read more about EUR/AUD Fundamental Analysis April 28, 2017[…]






Technical analysis of EUR/USD for Apr 28, 2017

When the European market opens, the economic calendar will be packed with economic data such as Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Private Loans y/y, M3 Money Supply y/y, Spanish Flash GDP q/q, French Prelim CPI m/m, French Consumer Spending m/m, German Import Prices m/m, and German Retail Read more about Technical analysis of EUR/USD for Apr 28, 2017[…]






Technical analysis of USD/JPY for Apr 28, 2017

In Asia, Japan will release the Housing Starts y/y, Retail Sales y/y, Prelim Industrial Production m/m, Unemployment Rate, Tokyo Core CPI y/y, National Core CPI y/y, and Household Spending y/y. The US will present a series of economic data such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Employment Cost Index q/q, Read more about Technical analysis of USD/JPY for Apr 28, 2017[…]