Overview Silver price keeps its stability above the intraday bullish channel’s support. The price still needs to breach 18.30 level to confirm the continuation of the bullish trend on the intraday and short-term basis. In other words, the price needs to surpass the negative pressure that was formed by the EMA50 to ease the bearish […]
Peak Coal Production, Consumption and Employment in the U.S. has come and gone. A return to those peak levels will not occur. Prakash Sharma, Wood Mackenzie. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#210861 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en […]
Gold price made a sharp move lower yesterday below $1,280 and almost reached our first target of $1,270. The inability to break above $1,293 pushed prices lower as we expected. Gold could continue even lower towards $1,250-60 but my overall longer-term view remains unchanged and bullish. Gold price decline stopped at the 38% Fibonacci retracement. […]
Gold price has stopped rising from $1,230 at $1,290-95 area where the long-term resistance is found. A pullback is justified towards $1,270 at least but this will happen only if we break below $1,280. Blue line – trend line support Gold price is trading above the Kumo cloud and is making higher highs and higher […]
Will North Korea tensions see surrounding countries flock to the Safe Haven? Alasdair Macleod, Gold Money You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#210733 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: […]
Recently, the Silver has been trading sideways at the price of 18.40. According to the 1H time frame, I found that price has broken the upward channel, which is a sign that buying looks risky. There is also a hidden bearish divergence on the moving average oscillator, which is another sign of weakness. My advice […]
Gold price has reached important long-term resistance and could make a deeper than normal pull back from current levels. We pay close attention to the short-term support levels as a swift breakdown could start any minute. Overall, my longer-term view remains bullish. Red rectangle area – support Gold price is trading above the Kumo (cloud) […]
Recently, the Silver has been trading upwards. The price tested the level of 18.75. According to the 4H time frame I found that price is trading in the well defined upward channel. The median trend line is critical. The key support is set at the price of 18.48. Watch for potential buying opportunities. The first […]
The UK Government will take little action to protect UK Steel Producers. Alex Griffiths, Wood Mackenzie. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#210427 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: […]
Technical outlook: Finally, the EURUSD pair looks to have produced the much awaited counter-trend rally which was expected and required. The rally looks to be counter trend and corrective (3 waves), and has terminated just shy of the support turned resistance trend line as shown here. The wave counts suggests that the entire drop from […]
The US EIA crude oil inventories figure (the week ending April 7) released on Wednesday, saw the biggest drop in 2.166 million barrels this year. However, the figure failed to push oil prices higher. WTI and Brent crude oil spot retraced around 1%, and 1.13% respectively on Wednesday. The reasons for the fall comprise both […]
Recently, the Gold has been trading upwards. The price tested the level of $1,288.58. According to the 4H time frame, I found that price has broken the medium line of the upward channel, which is a sign that Gold may continue upward movement. The first downward target is set at the price of $1,306.00. Anyway,I […]
Overview Gold price managed to settle with a daily close above $1,263.17 that will confirm breaching this level and the continuation of the bullish bias. Traders are waiting for more of gains in the short term. Therefore, the bullish trend will remain preferred in the upcoming period, supported by the EMA50. It keeps carrying the […]
Overview Silver price has been hovering near 18.30 since morning. The price needs to gain enough momentum to continue the main bullish trend. So, the positive scenario is active for today, trading is organized within the bullish channel that the metal has been following since the end of the last year. Therefore, the bullish bias […]
Gold price held support and broke out to new highs towards $1,280 yesterday. The $1,280 level is at the lower boundary of our larger target area from $1,122. Our target area remains at $1,280-$1,320 and I believe we can reach the upper boundary. Red rectangle – support area Gold price is trading above the Ichimoku […]
Technical outlook: The EUR/USD pair is seen to be testing the trend line resistance as shown here on the hourly chart. A successful break here, would push prices higher towards 1.0700 levels which is fibonacci 0.382 resistance of the entire drop from 1.0906 levels. On the other hand, a bearish reaction at the trend line […]
Recently, silver has been trading sideways at the price of 18.06. On the 1H time frame, I found that price has broken the upward channel in the background which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. Downward targets are set at the price of 17.52, 17.30 […]
Gold briefly breached the support at $1,250 yesterday but bulls managed to step in and hold the price above the support level at the end of day. While the trend remains bullish, a break below yesterday’s low at $1,247.50 may push the price towards $1,235 at least. Blue rectangle – target area Gold price is […]
Overview The gold price keeps fluctuating near the intraday bullish channel’s support above this level, while stochastic provides a positive overlapping signal on the four-hour time frame supporting the chances of bouncing higher to resume the bullish trend in the upcoming sessions. The price is likely to breach 1,263.17 levels to confirm the extension of […]
Overview The silver price shows slight bearish bias in its way to continue the decline and test the critical support at 17.43. We prefer the bearish trend scenario in the upcoming sessions on the stability of the price below 18.30. The expected decline is temporary, where a breach of 18.30 represents the key of regaining […]
Technical outlook: The EURUSD pair still looks for termination of wave (1), before it could produce a counter trend rally towards 1.0700 levels at least. The intermediary trend line support has also been broken and prices trade in the sell zone right now. A simple trading strategy could be to sell on rallies. Please note […]
Gold price made a bearish reversal on Friday despite the worse-than-expected NFP figures announced. Gold may have made a short-term top but we will be sure about it if we break below $1,250 and exit the bullish channel. Overall, my longer-term view remains unchanged. Blue lines – bullish channel Gold price is trading above the […]
Technical outlook: The EUR/USD pair continues to drift sideways for now trading at 1.0630 level. Please note that a minimum retracement is seen at Fibonacci 0.382 resistance which is passing through 1.0730/40 levels as presented here on the 4-hour chart. The pair has kept us waiting for the entire week for a counter trend rally […]
Gold broke to new highs above the 2017 highs earlier tonight after the attack in Syria by the US army forces. We should expect a pullback or a back test of the broken resistance level at $1,257-60. In the long term I remain bullish looking for $1,300-$1,310. Blue lines – trading range The price broke […]
Overview Gold keeps its stability above the intraday bullish trend line, while the EMA50 keeps supporting the price from below to keep the bullish trend active for the rest of the day. We remind you that we are waiting for breaching 1,263.17 level to reinforce the chances for extending the bullish wave in the near-term […]
Overview Silver price keeps fluctuating near 18.30 level and it gets good positive support from the EMA50. Notice that stochastic provides positive overlapping signal that we wait to motivate the price to breach the mentioned level then opening the way towards the extension of the bullish wave on the short-term basis. In general, we keep […]
Spot gold has been consolidating in the range between 1238 – 1260 in the past two weeks. The bulls have failed to break through the short term major resistance level at 1260 over the period. On the 4-hourly chart, the current price is trading below the downside uptrend line. In addition, the 10 SMA is […]
Gold price back tested the cloud support as we expected and bounced back towards its recent highs and important medium-term resistance. The bulls need to break above $1,263 and hold $1,240. I remain bullish looking for a breakout towards $1,280-$1,300 first. Blue lines – sideways channel Gold is trading above the 4-hour Ichimoku cloud. Trend […]
Concerning the Russian Ruble, the main factors influencing it are crude oil and the relationship between Putin and Trump. Mati Greenspan, eToro You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#209907 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen […]
Oil prices have rebounded since March 27, trading above the short term 10 and 20 SMAs on the 4-hourly chart. The rally was helped by OPEC’s consideration of a 6-month output cut extension, and a noticeable drop in EIA crude oil inventories figure (the week ending March 24). Although OPEC member states have executed the […]
