To open long positions on the GBP / USD pair, you need: Pound buyers seem to be hooked on the resistance of 1.2924, and as long as trading will be conducted above this range, you can count on new highs around 1.2986 and 1.3047. A formation of a false breakdown in the afternoon will be […]
To open long positions on EUR / USD pair, you need: The buyers managed in the first half of the day with the task of fixing above the resistance of 1.1323, which I paid attention. While trading will be conducted above this range, the demand for the euro will remain that will lead to an […]
The Spain 35 index has been developing within an inverse head and shoulders pattern over the last three months with head the more than two-year low of 8277 and neckline the 9230 resistance level. Currently, the price is testing the upper band of the long-term downward sloping channel and seems to be ready for a […]
Wave counting analysis: On February 15, the GBP/USD pair gained about 80 bp. However, if the current wave counting is correct, the pair proceeded to build a downward third wave or c and forms the first two internal waves. There is also a possibility that the last two increases on one decline, which is a […]
Dukascopy TV Team is back with the Economic Calendar for Tuesday, which is relatively busy in terms of news releases. Swiss Trade Balance for January opens this agenda at 7 o’clock in the morning. Trade surplus narrowed down during the final month of last year as it dropped from nearly three billion to just under […]
EURNZD has declined considerably over the previous three days, recording a new two-month low around 1.6408 and touching the lower Bollinger Band. Currently, the price is paring some of the losses, approaching the 1.6500 handle. Technical indicators in the daily timeframe are reversing back to the upside. The stochastic oscillator is turning higher in the oversold zone, signaling […]
The last quarter of 2018 was a tough one for oil producers as fears over a global growth slowdown and concerns on plentiful production sent prices to 1 ½-year lows. To reverse the slump, OPEC and non-OPEC members clinched a deal to cut output as of January 1 despite previously increasing levels, with the market responding immediately, […]
It will be another busy trading week for markets with trade developments, Brexit and economic reports from major economies in focus. Will the United States and China secure a trade deal?. Will Theresa May be able to persuade Brussels to make changes on the Brexit deal?. • Investors are keeping a close eye on US-China […]
The morning session is over on this Monday, so let’s see how things are shaping up for traders. Euro/dollar rose by 38 pips and a gain of point 31 percent was posted at noon. Traded volume is average and the neutral sentiment of the traders is leaning towards the short side by 14 percent. Uptrend […]
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 […]
The latest British employment data are due for release on Tuesday, at 09:30 GMT. Forecasts point to some further acceleration in wage growth during December, which is encouraging and could support the pound on the news. That said, with less than six weeks left until the UK exits the EU, and still no agreement in […]
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, […]
Keep your broker in check on this week’s first trading day by watching the Dukascopy Spike Controller. Euro/Dollar’s daily average spread is point 34 pips and maximum separation has been one pip. Daily high and low difference is 36 pips and it was posted as the pair gained point 32 percent. It is a market […]
Keep your broker in check on this week’s first trading day by watching the Dukascopy Spike Controller. Euro/Dollar’s daily average spread is point 34 pips and maximum separation has been one pip. Daily high and low difference is 36 pips and it was posted as the pair gained point 32 percent. It is a market […]
Gold prices edged sharply higher in the previous days, hitting a more than two-week high earlier today. Also, the metal is approaching the eight-month high of 1326 and a successful jump above this strong barrier would resume the bullish outlook. The RSI indicator is holding around the overbought zone and the 70 level, while the […]
On Monday, the price may continue to move upwards. The first upper target 1.1343 is the upper fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; – trend analysis – up; – Bollinger lines – up; – weekly […]
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 […]
On Friday, Nasdaq exited the bear market that it entered in December. In December, the index fell to a low of $5817. This happened at a time when investors were increasingly worried about Fed rate hikes and the slowing down of the global economy. It also happened at a time when the fears of a […]
Over the weekend, investors continued to focus on the cryptocurrency world. On Friday, it was reported that JP Morgan was preparing to launch a cryptocurrency that will help it in foreign transfers. Each coin of JPM Coin will be valued at one dollar, which makes it a stablecoin. This was a big news for cryptocurrency […]
This week, investors may focus on a number of things. First, they will focus on trade as the March 1 deadline nears. The deadline was set in December during the G20 meeting in Argentina. In the statement, Donald Trump said that the country would increase the tariffs for Chinese goods to 25%. These tariffs may […]
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 […]
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 […]
Risk sentiment buoyed by signs of progress in US-China talks, though risk of auto tariffs casts shadow ECB’s Coeure sends the euro lower, but single currency bounces back US and Canada closed for today, attention may be on Brexit Stocks rally alongside commodity currencies amid trade “progress” Encouraging headlines around the US-China trade talks boosted […]
Wave counting analysis: On Friday, February 15, the bidding ended for the pair EUR / USD by a fall of 60 basis points with the same boost. Therefore, at the end of the day, the pair did not lose a single bp. At the same time, the estimated wave 3 no longer looks as perfect […]
On December 12, the previously-dominating bearish momentum came to an end when the GBP/USD pair visited the price levels of 1.2500 where the backside of the broken daily uptrend was located. Since then, the current bullish swing has been taking place until January 28 when the GBP/USD pair was almost approaching the supply level of […]
Trend analysis (Fig. 1). On Monday, the price will continue to move up. The first upper target of 1.2943 is the recoil level of 38.2% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – down; – candlestick analysis – up; – trend […]
Main motives for the market: The shutdown in the US has been overcome, now there will be a long process of Democrats against Trump because of his imposition of the state of emergency (Trump did it to finance the wall on the border with Mexico). Brexit: The question has been postponed so far until February […]
Morning Report: 07.00 London The Japanese yen and the US dollar index are on the back foot as traders bet on a positive resolution to extended trade talks. The dollar index is following up Friday’s losses. The EUR/USD struggled on Friday in volatile trading, but ultimately closed higher, with follow-up buying this morning. The GBP/USD […]
These are the Dukascopy Daily Trading Signals for Monday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar has 5 neutral signals in the hourly chart. The mid term models are mostly green and 5 studies point lower in the daily scale. The nearly 28 percent long interbank sentiment is bullish, […]
