Technical outlook: It looks like the EUR/USD pair finally terminated wave (1) at 1.0640 level last Friday, as labelled here. Continuing further, from our review last week, the pair should be producing its counter trend rally any moment and terminate wave (2), as seen above. Please note that the second wave can extend through 1.0800/05 […]
The Aussie Dollar is continuing to feel the effect of moving commodity prices. What does this mean for future EUR/AUD moves? Rajiv Biswas, IHS You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#209756 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: […]
Gold price continues to trade below important resistance of $1,250-55 inside a bearish channel. Gold could continue towards $1,240 but overall we remain bullish looking for $1,300-$1,320 over the next couple of weeks. Red lines – bearish channel Short-term resistance is found at $1,252-55 area. Support is at $1,240. If resistance is broken I would […]
Overview Gold has showed sideways and tight trading since morning settling below the EMA50. That keeps the bearish trend scenario valid as it is without any change for today, waiting to visit 1,231.13 level mainly. Take into account that stochastic current positivity might cause more sideways fluctuation before resuming the expected bearish bias. Therefore, we […]
Overview Silver managed to reach our first main target at 18.30, showing some bearish bias. Now it is fluctuating around 18.00 barrier. Notice that stochastic gets rid of its negativity to enter the oversold areas now, which supports the chances of resuming the bullish trend in the upcoming sessions. The price needs to breach 18.30 […]
Recently, Gold has been trading downwards. As I expected, the price tested the level $1,239.70. According to the 30M time frame, I found that the price is trading in well-defined downward channel, which is a sign that buying looks risky. I also found hidden bearish divergence. My advice is to watch for potential selling opportunities. […]
The dollar edged up in Asian trading today, poised for weekly gains after solid U.S. economic data contrasted with figures showing euro zone inflation cooling. The dollar index was up 0.1 percent at 100.50, up 0.9 percent for the week and not far from a two-week high of 100.60 hit overnight. Revised U.S. gross domestic […]
Yesterday Gold continued the pullback and is trading above $1,240 near the 38% Fibonacci retracement of the latest rise from $1,194 to $1,261. Short-term trend is bearish, but it is expected to reverse soon. Red lines – bearish channel The price has entered the 4-hour Ichimoku cloud. This changing trend will back to neutral in […]
Technical outlook: The EUR/USD pair has now completed its first leg drop that began from 1.0906 level on March 27, 2017. It is safe to believe that the pair has formed a commendable resistance at 1.0906 level and till the time the prices stay below 1.0906 level, the EUR/USD pair should be looking to print […]
Overview Gold price hovers near 1,250.00 level and it remains below the intraday bullish channel’s support. That signals that the negative pressure remains preferred, waiting for testing 23.6% Fibonacci correction level at 1,231.13 mainly. Therefore, the bearish trend will remain preferred in the upcoming sessions unless breaching 1,263.17 level. We remind you that the current […]
Overview Silver price has been fluctuating within the tight range since morning; the price settled above 18.00 barrier. Therefore, there is no change on the suggested bullish trend in our last reports, which depends on the stability above 17.43 and 17.10 levels. At the same time its targets begin by surpassing 18.30 level to open […]
Recently, Gold has been trading sideways at the price of $1,250.00. According to the 1H time frame, I found that еру price is trading inside of the downward channel, which is sign that buying looks risky. The price is also trading below the 60 period simple moving average, which is another sign of weakness. Watch […]
Gold continues trading inside the short-term downward sloping channel. Short-term trend is bearish. We are in a corrective phase inside a longer-term bullish trend, where I expect to see $1,300-$1,310 at least over the coming weeks. Red lines – bearish channel The price is making lower lows and lower highs in the 4-hour chart. The […]
Overview Gold price shows bullish bias since morning to move above 1,250.00, but it remains below the broken support level of the intraday bullish channel, which keeps the bearish trend scenario active until now. It waits for heading to test 1,231.13 level mainly. We remind you that the expected decline is temporarily, waiting for resuming […]
Overview Silver price fluctuates within sideways track settled above 18.00 level, while stochastic begins to provide positive overlapping signal on the 4-hour time frame, keeping the bullish trend preferred in the upcoming period. Wait for breaching 18.30 level to open the way towards 18.90. In general, we will keep the expected rise valid conditioned by […]
Technical outlook: The EUR/USD pair reacted well around 1.0860/70 resistance yesterday and the follow-through was exactly as expected. Now the pair has achieved its targets at 1.0750 level as suggested and it calls for a profit booking at this level as seen and depicted on the hourly chart setups. Please note that EUR/USD has now […]
Gold has pulled back towards $1,240 as expected after breaking below and out of the bullish short-term channel. Long-term trend remains bullish and I continue to expect еру price to move towards $1,300-$1,310. Blue lines – bullish channel (broken) Red lines – bearish channel Short-term resistance is at $1,257 and the next is at $1,263, […]
Overview Gold price fluctuates near the intraday bullish channel’s support keeping its stability above this level until now. Notice that stochastic begins to overlap positively on the 4-hour time frame. That forms positive motive that we wait to assist to push the price to resume the bullish trend for the rest of the day especially […]
Overview Silver price managed to surpass 18.00 barrier and settled above it, which supports the continuation of the bullish trend scenario on the intraday and short-term basis, waiting for testing 18.30 level initially. That points that breaching this level will push the price to visit the bullish channel’s resistance that located at 18.90. The price […]
Technical outlook: The EUR/USD pair had pipped our trades off yesterday at 1.0875 levels before hitting fresh highs at 1.0906 and reversing lower. The drop has stalled at 1.0840/45 levels for now and the pair is expected to push through intraday resistance at 1.0883 levels as depicted here. A bearish reversal at those levels would […]
Recently, Gold has been trading sideways at the price of $1,252.00. Anyway, according to the 1H time frame, I found fake breakout of the previous high and up-thrust bar, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The price is respecting middle of the Bollinger Bands, […]
Gold price remains in a bullish trend despite the pullback from $1,262 to $1,251. The price continues to trade inside the short-term bullish channel. The price reached previous highs and got rejected. The second try at the resistance is expected to break it upwards to new 2017 highs. Blue lines – bullish channel Gold is […]
Overview Gold price shows tight and sideways trading since morning. The price settled at 1,257.00 it moves within an intraday bullish channel that carries the bullish wave since hitting 1,195.28 level, waiting for hitting our main target at 1,263.17. Breaching this level will extend the bullish wave to reach 1,300.00 in the near term. In […]
Overview Silver price trades with clear positivity now to approach from 18.00 barrier to keep the bullish trend valid efficiently in the upcoming period. We remind you that our initial main target is at 18.30 and breaching it represents the heading key to the bullish channel’s resistance that organizes the current bullish wave at 18.85. […]
Gold continues higher reaching very close to the February’s highs. This is a crucial junction for Gold. A rejection here could push the price back towards $1,220-30. The long-term view remains unchanged and bullish as long as we hold above $1,122. However, we could soon move a level higher if we break above $1,300. Blue […]
Technical outlook: The EURUSD had dropped yesterday according to the plan discussed here and almost hit the first levels at 1.0750, before pulling back higher again. The current wave structure reveals that the rally is corrective in nature at least for now. As labeled here on the hourly chart, the drop from 1.0825 levels unfolded […]
The gold price has finally shown some reversal signs that we have been expecting for some time now. The pullback has started and I expect to see Gold price test support around $1,230-$1,220. My long-term view remains bullish. Blue lines – support trend lines The gold price has broken trend line support and both oscillators […]
Overview Gold price fluctuates at the intraday bullish trend line that appears in the image. The stochastic reaches the thresholds of the oversold levels now, waiting for the price rally to resume the main bullish trend. Its next target is located at 1,263.17, reminding you that breaching 1,250.00 will reinforce the expectations for the continuation […]
Overview Silver price trading settles above 17.43 level that forms an important support base for the intraday trading. The price remains organized within the bullish channel. It waits for resuming the bullish wave according to the trading rules within the price channels. The main targets begin at 18.30 and extend to 18.80. In general, we […]
Technical Outlook: The EURUSD pair has extended its rally since March 21, 2017, to 1.0825 levels as depicted here on the hourly chart setup. The pair has remained just shy by 4 pips to immediate resistance at 1.0829 levels (not seen here). Technically, until the pair remains below 1.0829, the high probability remains for a […]
