EUR/USD (Euro to Dollar) Forecast

The EUR/USD is trading slightly lower shortly before the U.S. opening. The Forex pair is trading inside Friday’s range which suggests investor indecision and impending volatility. There are no major reports today. Most of the major traders may be waiting to hear from Fed Chair Janet Yellen and European Central Bank President Mario Draghi on … Continue reading EUR/USD Mid-Session Technical Analysis for August 21, 2017

These are the Main Daily Trading Signals for Monday. Here’s how the interbank compares with the technicals at 8 AM GMT. Bearish models prevail on Euro/Dollar’s hourly chart, but the 4 and 24-hour scales turn neutral with 5 and 6 studies, respectively, and they are in line with the less than 12% long interbank. The … Continue reading Forex Trading Signals – August 21, 2017

EURUSD stays in a bullish price channel on its daily chart and remains in the uptrend from 1.0569. As long as the price is in the channel, the pullback from 1.1909 could be treated as consolidation of the uptrend. On the 4-hour chart, the EURUSD pair ran in a falling price channel, so deeper decline … Continue reading EUR/USD Remains In Uptrend From 1.0569

It’s a new trading week, and the team is back with another Support and Resistance Level Report. We start with traders’ favourite pair, the Euro/Dollar, which has R1 of 1 1760 and S1 of 1 1730. Standing at a 20 day moving average, R1 is well confirmed with 12 models. R2 is a 2 year … Continue reading Monday Support and Resistance Levels – August 21, 2017

EUR/USD The market is still on a consolidation mode, slightly rallied on Friday’s trade session without any major movements. The pair has tested the key support level of 1.17 couple of times and has successfully retained the level in past couple of session. The hammer candle stick pattern from the lower level indicating an uptrend. The … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – August 21, 2017

Resistance level 1.1822 Pivot Level 1.1721 Support Level 1.1633, 1.1574 and 1.14573 Technical Analysis The EUR/USD pair attempted to breach the 1.1822 level keeping the stability of the daily close below it until end of the week, which keeps the correctional bearish trend scenario valid until now. The pair is waiting to resume the bearish … Continue reading Weekly Technical Outlook: EUR/USD; Market Forecasts for August 21st – August 25th

The EURUSD pair continued to consolidate and trade within a tight range on Friday as there were not many fundamental drivers to drive the prices in any specific direction. The pair has been trading on either side of 1.17 for the whole of last week and it has not yet shown any inclination to move … Continue reading EUR/USD Daily Fundamental Forecast – August 21, 2017

The US Dollar closed the previous week slightly higher on increased demand for high risk assets as well as hawkish comments by New York Fed President William Dudley who said in an interview that he favored another interest rate hike this year. In the week ahead, investors will closely watch the Jackson Hole summit which is … Continue reading Weekly Forex Technical Analysis, Aug 21 – Aug 25, 2017

The EURUSD pair had a choppy week when it ended slightly negative but still the strength in the pair is clear for everyone to see. The pair closed above 1.1750 marking another week where it has successfully negotiated periods of strength in the dollar and increase in global risk but managed to come out of … Continue reading EUR/USD Fundamental Analysis – week of August 21, 2017

The EUR/USD pair fell during a large portion of the week, but ended up rallying enough to form a supportive looking hammer which mirrors the hammer from the previous week. However, the week before that was a shooting star so the question is now who will win this next argument. I believe that longer-term traders … Continue reading EUR/USD forecast for the week of August 21, 2017, Technical Analysis

The EUR/USD pair rallied slightly during the day, but Friday wasn’t exactly explosive. Currently, looks as if the market is trying to form a bit of a base at the 1.17 level, as the last couple of sessions have formed hammers. I think the given enough time; the market will continue to go higher but … Continue reading EUR/USD Forecast August 21, 2017, Technical Analysis

The dollar gained traction and came off its lows following news that chief strategist Steve Bannon was pushed out of the White House.  Bright Bart immediately tweeted out immediately “war” which does not bode well for the White House.  Riskier assets got a boost, pushing U.S. stocks higher, which generated a minor relief rally. Technicals … Continue reading EUR/USD Daily Technical Analysis for August 21, 2017

The EUR/USD is bouncing back a little at the mid-session on Friday. There was no follow-through to the downside following yesterday’s tumultuous trading session. The Forex pair is trading inside yesterday’s range. This suggests investor indecision and impending volatility. Keep an eye on the volatility because I believe it’s here to stay if when the … Continue reading EUR/USD Mid-Session Technical Analysis for August 18, 2017

Good morning traders, you’re watching the Main Daily Trading Signals for Thursday. The first pair for this report is the Euro/Dollar with 5 and 4 neutral models on its 1 and 4-hour charts, respectively. The 24-hour scale is split between red and neutral signals, but the interbank is neutral at less than 12% long, and … Continue reading Forex Trading Signals – August 18, 2017

EUR/USD The pair fell significantly towards the 1.17 handle during the day on Thursday but managed to bounce back during the American session. The day’s movement has created a hammer pattern on the daily candlestick chart pattern which is a strong reversal pattern. The bounce from the key 1.17 level in the past three sessions … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – August 18, 2017

It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out. Euro/Dollar has been moving in waves, and it now stands between R1 of 1 1750 and S1 of 1 1720. Standing near a 20 day moving average, R1 is well confirmed with 14 models, while R2 is … Continue reading Friday Support and Resistance Levels – August 18, 2017

The EUR/USD pair has fallen significantly during the trading session on Thursday, but as the Americans came back we bounced above the 1.17 level again. I think the given enough time, the buyers will probably return because of the hammers that have formed on the daily chart in this vicinity. Because of this, given enough … Continue reading EUR/USD Forecast August 18, 2017, Technical Analysis

It was a volatile day in the markets yesterday but the sum total of all the action that happened over the last 24 hours is the fact that the EURUSD pair basically sits within the range that it has been all week and has not moved this way or that despite the pulls and the … Continue reading EUR/USD Daily Fundamental Forecast – August 18, 2017

Euro/Dollar has had a bearish session, and a loss of 128 pips left it point 63% in the red at noon. Traded volume is exactly in line with the monthly average, and the neutral trader’s sentiment stands at 4% short. Bearish bets should be successful, but bulls will face losses. The Cable’s daily volatility of … Continue reading Midday Forex Snapshot – August 17, 2017

The EUR/USD is under pressure at the mid-session on Thursday. Earlier today, an attempt to follow-through to the upside after Wednesday’s reversal bottom, failed to attract enough buyers to sustain the rally. Technical Analysis The main trend is down according to the daily swing chart. The trend turned down on Wednesday when the EUR/USD took … Continue reading EUR/USD Mid-Session Technical Analysis for August 17, 2017