It is the final trading day of this week, so let’s take a look at the potential market moving publications. The high importance UK Retail Sales report for January opens this agenda at 9:30 in the morning. According to the Office for National Statistics, the quantity bought in December was nearly one percent down from […]
Overview: The USD/CAD pair continues to move upwards from the level of 1.3228. Today, the first support level is currently seen at 1.3228, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.3228, which coincides with the 61.8% Fibonacci retracement level. […]
Overview: The GBP/USD pair continues to move downwards from the areas of 1.3210 and 1.2913 in the long term. Last week, the pair dropped from the level of 1.3210 to 1.2913 which coincides with a ratio of 61.8% Fibonacci on the H4 chart. Today, resistance is seen at the levels of 1.3130 and 1.3210. So, […]
The Democrats won, therefore, President Trump conceded to Congress. He will sign a compromise budget and there will be no shutdown after February 15. Brexit: Today, a new vote in the British Parliament agreement with the EU but there is not much hope for the approval of the agreement. The next vote is already announced […]
Keep your broker on a short leash by watching Dukascopy Spike Controller. I’m Kiays Khalil with the benchmark interbank price stats. Spreads have averaged at less than point 3 pips in all three time scales for the Euro/Dollar. Maximum separation has been 1.6 pips. The pair has declined below the 1.13 level and it moved […]
The US 500 stock index has had a bullish run above the strong obstacle of the 200-day simple moving average (SMA) and the 61.8% Fibonacci retracement level of the downleg from 2940 to 2332, indicating an upward tendency. Prices hit a two-month high of 2762 earlier today and the technical indicators are all pointing to further positive […]
According to the RSI, gold touched overbought levels at a nine-month high of 1,326 at the end of January when the indicator topped above 70. Consequently, the price turned slightly southwards since then, with the 1,300 key level deterring steeper declines and therefore the violation of the three-month old ascending channel. The RSI, though, continues the downward […]
To open long positions on EUR / USD pair, you need: Despite the fact that the bears completely regained the market yesterday, the chance for an upward correction of the euro remains. To achieve this, it is necessary to return and consolidate above the resistance of 1.1292 in the first half of the day, which […]
Wave counting analysis: On Wednesday, February 13, trading ended for EUR / USD by 65 bpts. Thus, wave 3, which can still be transformed into a wave from the three wave sections of the trend in its internal wave structure looks complete. However, it is confused only by its size relative to the first wave […]
The market decided once again to test the level of 1.1258 – the support line (blue bold line), but it never reached it. On Thursday, strong calendar news is expected at 16.30 Moscow time. Trend analysis (Fig. 1). On Thursday, the price will continue to move down. The first lower target 1.1258 is the support […]
Trend analysis (Fig. 1). On Thursday, the price will move up. The first upper target of 1.2924 is the rolling level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; – trend analysis – […]
AUD / USD On Wednesday, the US dollar index grew by 0.47%, but the Australian dollar lost only 5 points for the day, indicating a strong intention of the “Australian” to grow further. Technically, there are all prerequisites for this. First of all, the four-hour schedule attracts attention. In here, the price attacks the resistance […]
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Stock markets grind higher as trade hopes grow, but caution warranted Dollar bulls back in the driver’s seat as core inflation beats forecasts Aussie and kiwi outperforming on Chinese data; focus on trade talks Trade euphoria keeps markets afloat as talks commence, but mind the risks US stock markets continued their march higher yesterday, and […]
Wave counting analysis: On February 13, the GBP / USD pair lost about 50 bp. Nevertheless, the estimated wave 1 or a still looks complete. The wave pattern assumes the construction of a correctional wave 2 or b. At the same time, the close approach of the instrument to the minimum of wave 1 or […]
EUR/USD made a sharp reversal lower yesterday to new lows at 1.1250. Despite the new low, RSI did not confirm it providing another bullish divergence. I continue to expect price to move towards our short-term bounce targets. Black lines – bullish divergence Black rectangles – bounce targets Red line – major trend line resistance Green […]
Technical market overview: The GBP/USD pair has made a Pin Bar candlestick that has a very big spread and looks really impresive (and somewhat scary) at the H4 time frame chart. This candle has made the high at the level of 1.2957 which was above the technical resistance zone of 1.2920 – 1.2928, but the […]
Gold price tried to break above resistance at $1,317 yesterday but got rejected. This was a bearish sign and that is why Gold price is back below $1,310. Price however still holds above support of $1,300. Purple lines – bullish channel Yellow rectangle -major short-term support Black rectangle – important short-term resistance Gold price remains […]
For the last trading day, the currency pair Pound / Dollar displayed a high volatility of 115 points, while drawing a wide amplitude of oscillation. From the point of view of technical analysis, we have an amplitude fluctuation of 1.2830 / 1.2920, where the quotation felt again the point of support at the lower boundary. […]
Risk Warning: 69.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
Technical analysis of EUR/USD for 14/02/2019 The correction was a short-lived bounce and new low was made already Technical market overview: The EUR/USD pair has bounced from the support at the level of 1.1258 and then tested the local technical resistnace at the level of 1.1341. Then the market reversed quickly as the bounce was […]
You’re watching the Dukascopy Daily Trading Signals for Thursday. Here’s how the interbank compares with technicals at 8 AM GMT. Euro/Dollar’s hourly studies show mixed signals. There are 5 neutrals in the mid-term chart and 6 models point South in the daily range. Interbank sentiment is bullish at 26 percent long. The Cable’s 1 and […]
Risk Warning: 69.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
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EURNZD is printing its second strong day of losses after the failed attempt to break above the area which encapsulates the 38.2% Fibonacci retracement level of the downleg from 1.7925 to 1.6330, around 1.6940. Currently, the pair is recording a fresh two-month low of 1.6500 as it also declined below the 20- and 40-simple moving […]
Morning Report: 07.00 London The Japanese yen continues to struggle on the back of yesterday’s GDP miss and the current preference for riskier assets. Yen pairs are extending gains, with the USD/JPY set for five gains in five sessions. The AUD/JPY is leading the pack higher, though still remains below last week’s lows. The EUR/JPY […]
Technical market overview: The ETH/USD pair has made a Shooting Star candlestick pattern with a top at the level of 125.74 USD and since then the marekt is slowly deteriorating towards the techncial support at the level of 118.01. Any violation of this level will lead to another slide down towards the lower support levels […]
Bitcoin Elliott Wave analysis for 14/02/2019: The consolidation continues, but not much bullish pressure so far. Technical market overview: The BTC/USD pair is still trading insdie of the horizontal consolidation zone, altought the triangle formation has been invalidated and the overall time of the consolidation is getting too long for the simple corrective pattern. It […]
GBP/JPY dipped slightly below the ideal support at 142.63 (the low was seen at 142.44). Renewed upside pressure is is now expected for a break above resistance at 143.34 that will yield a continuation higher to 144.18 and 144.84 on the way towards the extension target at 151.50. Support is now seen at 142.44 that […]
EUR/JPY dipped to just below the ideal support at 125.07 (the low came in at 124.83). Renewed upside pressure is now expected for a break above 125.54, that yields a continuation higher towards 125.95 and 129..48 on the way towards the extension target at 133.54. Support at 124.83 should protect the downside for the rally […]
