Wave counting analysis: On Wednesday, February 20, trading ended for EUR / USD with a final decline of several bp. The attempt to break through the level of 23.6% on the older Fibonacci grid was unsuccessful. This indicates the pair’s readiness to decline and, accordingly, to build a new downward wave. If this is indeed […]
Wave counting analysis: On February 20, the GBP / USD pair lost about 20 bp and did not reach the level of 76.4% Fibonacci which is literally a few bp away. Thus, there are reasons for assuming that wave 2 of the descending trend section has completed its construction, and the pair is ready to […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The junior linear regression channel: direction – down. Moving average (20; smoothed) – up. CCI: 76.9031 The currency pair GBP / USD on Thursday, February 21, almost completely repeated the movements of the EUR / USD currency pair. The response to the Fed […]
Welcome traders to another Dukascopy spike controller. The place where you can check if your broker’s price feed is fair. Euro/Dollar’s daily average spread is point 3 pips and both of the sides were 2.4 pips apart during the past 4 hours. The pair rose yesterday, but it has since declined by point 45 percent […]
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 dollar index found strong resistance around the 97.20 obstacle, driving the price lower. Currently, the price has been developing in a sideways channel over the past five months with upper boundary the 97.50 resistance and lower boundary the 94.60 support. Chances for a reversal in the short-term are increasing as the price failed to drop beneath […]
Just like in the previous years so far, in 2019 XM continues taking part in financial and investment exhibitions in Europe and overseas to meet with existing and potential online investors in person. During 22nd and 23rd March, our company staff members will be representing XM at one of the largest trade fairs in Central […]
4-hour timeframe Technical details: The senior linear regression channel: direction – sideways. The junior linear regression channel: direction – down. Moving average (20; smoothed) – up. CCI: 54.6526 The EUR / USD currency pair on the eve of the publication of the Fed’s protocol on February 20 made a slight jerk up but returned to […]
To open long positions on GBP/USD you need: It is best to return to buying the pound with a correction from larger support levels around 1.2984 and 1.2916. However, in the first half of the day, you can also count on the formation of a false breakdown in the area of 1.3025. Only in this […]
To open long positions on EURUSD you need: The publication of the Federal Reserve report did not shed light on the future outlook for interest rates in the United States, but did not lead to the fall of the US dollar, which I had hoped for. However, the situation has not changed in comparison with […]
1. Progress has been made on the EU agreement – Britain on life after Brexit. On Wednesday, February 20, the EU (Juncker) – Britain (May) negotiations took place. The EU seems ready to make new concessions to Britain to help May pass an agreement through Parliament. Today, February 21, the continuation of negotiations is expected, […]
Yesterday, the pair did not reach the weekly CZ 1.3138-1.3119, which is the target of the downward impulse. This indicates a high probability of the appearance of a sentence in one of the significant zones of resistance. The NKZ 1/4 1.3203-1.3198 test is currently underway. The main resistance is NKZ 1/2 1.3259-1.3248, the test of […]
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 […]
Dollar ticks up after Fed minutes keep possibility of rate hikes alive European PMIs and ECB minutes highlight today’s agenda Aussie torpedoed as Chinese port bans Australian coal imports High-level trade talks resume in Washington Dollar crawls higher as Fed minutes aren’t as dovish as expected The minutes of the January Fed meeting confirmed the […]
4h The EUR / USD pair on a 4-hour chart returned to the correctional level of 23.6% – 1.1358. The end of quotes from this level allowed the pair to make a new turn in favor of the American dollar and begin the process of falling in the direction of 1.1269. There are no maturing […]
4h The GBP / USD pair on the 4-hour chart completed growth to the correction level of 76.4% – 1.3098 and rebound from it with a reversal in favor of the US dollar. As a result, on February 21, the process of falling in the direction of the correctional level of 61.8% – 1.2969 can […]
USD/JPY Yesterday, the USD/JPY pair rose by 24 points due to the growth of the US stock market, which in turn received a small share of optimism from the Fed’s dovish minutes – the regulator stated directly that it intended to keep monetary policy unchanged until the end of the year if inflation does not […]
EUR / USD pair On Wednesday, the price exactly worked out the resistance of the MACD trend indicator line on a daily scale and broke the levels on the price channel line as expected. However, the price could not go higher and divergence with the Marlin oscillator began to form on the four-hour timeframe, but […]
Gold price is showing reversal signs. Yesterday I mentioned that it is time for bulls to take profits and turn neutral or even bearish. Gold will at least make a pullback towards $1,330 if not lower. Major trend support has climbed from $1,280 to $1,300. Purple lines – bullish channel Yellow rectangle -support Black rectangle […]
On Wednesday, February 20, the euro’s growth stopped, but there is no cancellation signal yet. There is important news on the EU – Britain agreement on relations after Brexit. On Wednesday, a meeting between May and Juncker took place in Brussels, where it became clear that the EU was still ready to make any additional […]
Find out how the interbank compares with the technicals at 8 AM GMT by watching the Dukascopy Daily Trading Signals. Euro/Dollar’s hourly studies show mixed results, but both the mid and long term indicators are mostly neutral. Interbank sentiment is bullish at nearly 27 percent long. Pound/Dollar’s 1 and 4-hour charts show mostly neutral signals. […]
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USDJPY failed to hold gains above the 111 level last week but it refrained from crossing below the 50-day moving average (MA), following a sideway path instead. The pair is developing within the upper area of the ascending channel, while the MACD continues to improve above its red signal line and in positive territory, suggesting that the pair is […]
NZDUSD has aggressively reversed back to the downside, dropping below the 23.6% Fibonacci retracement level of the upleg from 0.6423 to 0.6970, around 0.6840, and the mid-level of the Bollinger Band currently at 0.6830. Momentum indicators are pointing to a negative bias in the short term with the RSI trying to fall below the 50 level […]
Technical market overview: The EUR/USD bulls have managed to push the prices towards the level of 1.1371 which is 3 pips below the 50% Fibonacci of the previous swing down. The corrective move upwards might have been completed as the market is now in a typical zone for the correction and the Bearish Engulfing candlestick […]
Morning Report: 07.00 London The Australian dollar is under scrutiny this morning, with the AUD/JPY falling 1.11% and the AUD/USD by just under 1.00%. The Aussie has now given back all the week’s losses against the dollar and yen. The Aussie is being hit by a Westpac report which predicts two rate cuts this year. […]
Short-term important resistance at 125.95 is still capping the upside. We continue to believe, that it is only a matter of time, before this resistance gives away and the next impulsive rally higher towards 128.31 and 129.46 on the way higher to the 161.8% extension target at 133.54. Support is now seen at 125.33 with […]
Technical outlook: The hourly chart has been again presented for EUR/USD to give an idea for the short-term wave outlook. Please note that the EUR/USD pair hit the first target at 1.1370 yesterday before pulling back lower. It is seen to be trading around 1.1349 levels at this moment and could produce a gartley pattern, […]
According to analysts of one of the largest banks, Barclays, the euro has strongly surrendered its positions and lost its appeal to market participants. Experts recommend selling the European currency and buying the greenback, despite the current easing of the Fed’s rhetoric. On Tuesday, February 19, trading on the European stock exchanges took place in […]
