USD Maintains Gains As Trade Deficit Shrinks
The January trade deficit data for the United States showed a decline of 15% with the deficit shrinking from a revised $59.9 billion in December...
Posted On 28 Mar 2019
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NZD Tumbles As RBNZ Turns Dovish
The New Zealand dollar traded 1.5% lower today after the overnight session showed that the RBNZ was likely to cut interest rates in the near...
Posted On 27 Mar 2019
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Analysis of the GBP / USD divergence for March 26. Consolidation of the pair near the level of 1.3200
4h As seen on the 4-hour chart, the GBP/USD pair completed the passage of the last bearish divergence peak. Thus, the growth of quotations can be...
Posted On 26 Mar 2019
U.S. Housing Starts Slump 8.7% In February
New residential construction in the U.S. pulled back sharply in February after jumping in the previous month, according to a report released by...
Posted On 26 Mar 2019
Analysis of the EUR / USD divergence on March 26.
4h As seen on the 4-hour chart, the EUR/USD pair returned to the retracement level of 38.2% (1.1328) and rebounded from it with a reversal in...
Posted On 26 Mar 2019
USD Weakens As Bond Prices Continue To Fall
The US dollar traded weak on Monday as the 10-year bond prices rallied pushing yields lower. The spreads between the 3-month and 10-year yields...
Posted On 26 Mar 2019
EUR: Weak eurozone data indicates recession is likely
Rather weak data on activity in the manufacturing and service sectors in Germany, as well as in the eurozone, led to a sharp fall in the euro...
Posted On 25 Mar 2019
Technical analysis of GBP/USD for March 25, 2019
Overview: The GBP/USD has broken resistance at 1.3221 which acts as support this morning. The pair is moving between the levels of 1.3221 and...
Posted On 25 Mar 2019
Analysis of EUR / USD Divergence on March 25. Euro ceded leadership to US dollar
4h On the 4-hour chart, the EUR / USD pair declined to23.6% correctional level of 1.1269. Releasing the pair’s rate on March 25 from this...
Posted On 25 Mar 2019
Technical analysis of AUD/USD for March 25, 2019
Overview: The AUD/USD pair is set above strong support at the level of 0.7046 which coincides with the 23.6% Fibonacci retracement level and...
Posted On 25 Mar 2019
USD Recovers Ahead Of Next Week’s Trade Talks
Washington noted it would be removing the tariffs in stages but could re-impose them upon violation of the trade agreement. Join our responsible...
Posted On 22 Mar 2019
USD Slips As Fed Forecasts No Rate Hikes For The Year
The USD was trading weaker on Wednesday after the FOMC meeting yesterday saw the Federal Reserve leaving interest rates unchanged. The Fed also...
Posted On 21 Mar 2019
Technical analysis of EUR/USD for March 20, 2019
Overview: Pivot: 1.1393. The EUR/USD pair is trading around the daily pivot point (1.1393). It continued to move downwards from the level of...
Posted On 20 Mar 2019
Technical analysis of GBP/USD for March 20, 2019
Overview: The NZD/USD has broken resistance at 1.3221 which acts as support this morning. The pair is moving between the levels of 1.3221 and...
Posted On 20 Mar 2019
Technical analysis of EUR/USD for 19/03/2019
Technical market overview: The EUR/USD pair has hit the technical resistance at the level of 1.1353, but there is no sign of a reversal yet. The...
Posted On 19 Mar 2019
Technical analysis of GBP/USD for 19/03/2019
Technical market overview: Despite the lower low made at the level of 1.3183 not much has happened at the market. The GBP/USD pair is still...
Posted On 19 Mar 2019
Technical analysis for Gold for March 19, 2019
Gold price so far has held support at $1,292 and has also recaptured $1,300. As long as price is above $1,300-$1,292 support area we could see a...
Posted On 19 Mar 2019
Elliott Wave analysis of Bitcoin for 19/03/2019
Technical market overview: The BTC/USD pair has been trading in a horizontal zone between the levels of $4,000 – $4,080 for some time now,...
Posted On 19 Mar 2019
Elliott Wave analysis of Ethereum for 19/03/2019
Technical market overview: Since the top of the wave (b) at the level of 143.51, the ETH/USD pair is slowly dropping lower making lower lows on...
Posted On 19 Mar 2019
Technical analysis: Intraday levels for USD/JPY, Mar 19, 2019
In Asia, Japan will not release any economic data today, while the US will publish some economic data such as Factory Orders m/m. So there is a...
Posted On 19 Mar 2019
Elliott Wave analysis of Ethereum for 18/03/2019
Technical market overview: The ETH/USD pair has failed to rally above the technical resistance zone located between the levels of 139.63 –...
Posted On 18 Mar 2019
Elliott Wave analysis of Bitcoin for 18/03/2019
Battle of 61% Fibonacci retracement is still going onhe battle of 61% Fibonacci retracement is still present Technical market overview: The...
Posted On 18 Mar 2019
Technical analysis of GBP/USD for 18/03/2019
Technical market overview: The GBP/USD pair is still moving inside of the narrow zone located between the levels of 1.3207 – 1.3304 as the...
Posted On 18 Mar 2019
Technical analysis for Gold for March 18, 2019
Gold price is trading around important pivot level of $1,300. As long as price is above it there are many chances we see another run higher...
Posted On 18 Mar 2019
Technical analysis for EUR/USD for March 18, 2019
EUR/USD continues to respect support at 1.1290-1.13 and that is why the pair is making higher highs. There are some bearish divergence signs by...
Posted On 18 Mar 2019
EURUSD: test of the trend line likely ahead of the weekend
Previous: On Thursday the 14th of March, the euro slid to 1.1294 against the dollar after 4 days of growth. All the major pairs underwent a...
Posted On 15 Mar 2019
Analysis of GBPCAD 15.03.2019
The price above 200 MA ,20 MA indicating a growing trend. The MACD histogram is above the zero line. The oscillator Force Index is above the zero...
Posted On 15 Mar 2019
Technical analysis of AUD/USD for March 15, 2019
Overview: The AUD/USD pair is set above strong support at the level of 0.7046 which coincides with the 23.6% Fibonacci retracement level and...
Posted On 15 Mar 2019
Analysis of GBP/USD divergence for March 15: pair is stuck in narrow price range
4h On the hourly chart, the pair rebounded several times from the retracement levels of 38.2% (1.3220) and 23.6% (1.3228). As a result, the...
Posted On 15 Mar 2019
Technical analysis of NZD/USD for March 15, 2019
Overview: The pair is still trading around the daily pivot point of 0.6882. The NZD/USD pair breached resistance which had turned into strong...
Posted On 15 Mar 2019
Technical Analysis of EUR/USD for 15/03/2019
Technical Market Overview: The EUR/USD pair is testing the 61% Fibonacci retracement located at the level of 1.1326 and even a local high was...
Posted On 15 Mar 2019
Technical Analysis of GBP/USD for 15/03/2019
Technical Market Overview: The GBP/USD pair is currently hovering just under the technical resistance zone located between the levels of 1.3258...
Posted On 15 Mar 2019
Ethereum Elliott Wave analysis for 15/03/2019
Technical Market Overview: The ETH/USD pair might be still unfolding into a more complex and time-consuming pattern because bulls were not able...
Posted On 15 Mar 2019
Bitcoin Elliott Wave analysis for 15/03/2019
Technical Market Overview: The BTC/USD pair has made a very interesting candlestick on the H4 time frame chart. It looks like a Dart Maul...
Posted On 15 Mar 2019
Elliott wave analysis of GBP/JPY for March 15, 2019
GBP/JPY is consolidating in a minor triangle and should ultimately push higher once this consolidation is complete. This should take us closer to...
Posted On 15 Mar 2019
Elliott wave analysis of EUR/JPY for March 15, 2019
EUR/JPY continues to push higher, but we would like to see upside acceleration out of the channel towards 127.50 on the way higher to 129.25 and...
Posted On 15 Mar 2019
Fundamental Analysis of USD/CHF for March 15, 2019
The USD/CHF pair has been quite volatile and impulsive with the recent bearish momentum rejecting off the 1.0130 area with a daily close which is...
Posted On 15 Mar 2019
Crude Oil Rally Continues After Weak US Inventories Data
The oil market is having a good year. YTD, the price of West Texas Intermediate (WTI) and Brent crude has soared by more than 25% and 28%...
Posted On 14 Mar 2019
Elliott wave analysis of GBP/JPY for March 14, 2019
GBP/JPY has rallied nicely and is currently testing resistance at 148.49. This resistance should ultimately be broken as GBP/JPY continues higher...
Posted On 14 Mar 2019
Technical Analysis of EUR/USD for 14/03/2019
Technical Market Overview: The EUR/USD pair is testing the 61% Fibonacci retracement located at the level of 1.1326 and even a local high was...
Posted On 14 Mar 2019
Technical Analysis of GBP/USD for 14/03/2019
Technical Market Overview: The GBP/USD pair is being emotional driven by the Brexit news, so it makes a wild swing up on down based on hope or...
Posted On 14 Mar 2019
Ethereum Elliott Wave analysis for 13/03/2019
Technical Market Overview: The local technical support at the level of 127.85 at the ETH/USD pair has been broken and the new low was made at...
Posted On 13 Mar 2019
Technical analysis for Gold for March 13, 2019
Gold price has moved above $1,300 after pulling back towards $1,290 as expected. Our next target was at $1,310 and as long as price remains...
Posted On 13 Mar 2019
Technical analysis for EUR/USD for March 13, 2019
EUR/USD has reached our bounce target area of 1.1280-1.13. The resistance is important here. If we see a rejection and a break below 1.1250, we...
Posted On 13 Mar 2019
Trading recommendations for the GBPUSD currency pair – placement of trading orders (March 13)
For the last trading day, the currency pair Pound / Dollar showed a mega-volatility of 282 points once again, as a result of having a wide...
Posted On 13 Mar 2019
Trading plan for EUR/USD for March 13, 2019
Technical outlook: We have presented the 4H chart view for EUR/USD with an alternate probability. Please note that a major/critical point of the...
Posted On 13 Mar 2019
Fundamental Analysis of EUR/JPY for March 13, 2019
The European Central Bank has been quite active for regaining momentum for the Eurozone economy while facing the slowdown crisis. The euro is...
Posted On 13 Mar 2019
Technical analysis: Intraday level for USD/JPY, Mar 13, 2019
In Asia, Japan will release the Tertiary Industry Activity m/m, PPI y/y, and Core Machinery Orders m/m, while the US will publish some economic...
Posted On 13 Mar 2019
Trading recommendations for the GBPUSD currency pair – placement of trading orders (March 12)
For the last trading day, the currency pair Pound / Dollar showed the so-called mega-volatility of 227 points, returning the quote to the point...
Posted On 12 Mar 2019
GBP/USD: plan for the European session on March 12. Theresa May has a “trump card up her sleeve”
To open long positions on GBP/USD you need: The pound rose sharply yesterday after Theresa May’s unplanned meeting with Juncker was...
Posted On 12 Mar 2019
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Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
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