Eurozone data in the first half of the day once again limited the upward potential in euros, which was observed at the beginning of the week. Now, bulls, without updating the larger support levels and building a new upward price channel, are unlikely to easily break through this week’s high near 1.1330 and catch at […]
To open long positions on GBP / USD, you need: Weak data on the labor market did not allow the pound to resume growth, and only a real breakthrough and consolidation above resistance 1.2926 will give a new impetus to GBP / USD, which will lead the pair to a new maximum of 1.2986 and […]
The minutes of the Federal Reserve’s January policy meeting are due to be published on Wednesday at 19:00 GMT and will be inspected for confirmation that the world’s most important central bank is on hold for the foreseeable future. However, since January, policymakers, including Chairman Jerome Powell, have been pretty consistent in signaling that the […]
To open long positions on EUR / USD pair, you need: Weak data on the current positive balance of the account of the balance of payments in the eurozone, as well as, the decrease in the current conditions index in Germany led to a fall in the euro in the first half of the day. […]
Overview: The USD/CHF pair continues to move upwards from the level of 1.0003. Today, the first support level is currently seen at 1.0003, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 0.9982, which coincides with the 50% Fibonacci retracement level. […]
Let’s take a look at the potential FX market movers scheduled for publication on Wednesday, February 20th. The UK CBI Industrial Trends Survey for February opens this agenda at 11 AM. The Survey balance returned to the negative territory in January after staying in the green for two consecutive months. The Australian Conference Board Leading […]
It is our great pleasure to give a brief account of one of the most recent educational events that XM organized in Kuala Lumpur, Malaysia, designed for online investors keen on developing their trading competencies with the help of professional seminars. The event, which took place in the Malaysian capital on 16th February, was exclusive […]
ETHUSD has performed an extremely bullish action after the bullish gap in the previous day, sending prices towards a fresh five-month high of 148.15 earlier today. The RSI indicator is developing well above the 70 level in the overbought zone, while the MACD oscillator crossed above both the trigger and zero lines in the 4-hour chart. Moreover, the price rise above the 20- […]
Last week, the foreign exchange market continued to show uncertain dynamics. There is a lot of reasons for this, which by their influence and some factors lead to the rope pulling effect. The dollar drops against the main currencies and gets support against others. The main negative for the rate of the American currency is […]
BTC has been trading upwards. We found strong momentum on the upside and no signs of reversal, which is a sign that buyers are in control. The key resistance levels are seen at the price of $4.0645 and $4.200 (the key supply zone). The potential breakout of these supply zones would confirm a potential test […]
Here’s how traders have performed during the morning session on this Tuesday. Euro/Dollar dropped by 49 pips after hitting the daily high and a loss of point 25 percent was posted at noon. Traded volume is high and the neutral sentiment of the traders is 9 percent long. Bulls had their chances as the pair […]
Overview: The AUD/USD pair is set above strong support at the level of 0.7046 which coincides with the 23.6% Fibonacci retracement level and 0.7168. This support has been rejected four times confirming the uptrend. Hence, major support is seen at the level of 0.7046, because the trend is still showing strength above it. Accordingly, the […]
EUR/USD is trading sideways at the price of 1.1283. Anyway, according to the H1 time – frame, we found potential end of the upward correction (running flat) at the price of 1.1333, which is a sign that buying looks risky. EUR failed to test the high at 1.1340, which is a sign that buyers are […]
Gold eventually managed to break the key resistance at the price of $1.325.00 and on the way confirms the further upward continuation. We found the breakout of the bullish flag in the background, which is that bearish correction has ended. The key support remains at $1.301.00 and as long as the price doesn’t go below, […]
CADJPY has been struggling within a narrow range in the near term with upper boundary the 83.96 resistance and lower boundary the 82.26 support barrier. The pair climbed above the bullish crossover of the 20- and 40-simple moving averages (SMAs) as well as above the 50.0% Fibonacci retracement level of the downleg from 89.25 to 76.60, near 82.90. The […]
It’s time to check that you are getting the correct price feed from your broker by watching the Dukascopy Spike Controller Euro/Dollar’s daily average spread is point 34 pips and maximum separation has been 1.1 pips. The pair was trending South during most of the past 24 hours as the pair declined by a total […]
The Australian dollar declined today after the Reserve Bank of Australia (RBA) released the monetary policy minutes for the past meeting. The minutes showed that the bank was increasingly concerned about the slowing global economy, the low rate of inflation, and the challenging real estate market. On the global economy, the growth in the main […]
The euro and European stocks are under pressure as attention on trade shifts to Europe. Late last week, the commerce department submitted a report on European autos to the White House. The report was commissioned by the president with the goal of investigating whether the European autos posed a national threat to the United States. […]
Wave counting analysis: On Monday, February 18, trading ended on EUR / USD by 15 bp increase for the pair EUR / USD. Such a low market activity is quite understandable, since there is no news about it yesterday. Thus, the current wave marking has not changed in any way. Like before, I assume the […]
To open long positions on GBP/USD you need: Today, all attention will be focused on the report on the UK labor market. Good fundamental data will lead to a breakthrough and consolidation above the resistance of 1.2926, which will give new impetus to growth in the area of highs of 1.2986 and 1.3047, where I […]
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 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 […]
Markets quiet as new round of trade talks kicks off Sterling unfazed as Labour MPs split, looks to UK jobs data today Yen ticks down after BoJ chief teases further easing Subdued market moves ahead of fresh negotiating round Stocks in Asia are mostly in the green on Tuesday, albeit only modestly so, while US […]
To open long positions on EURUSD you need: The unsuccessful attempt to consolidate above the high around 1.1325 led to the euro’s downward correction in the afternoon. Currently, buyers are counting on a good report on consumer sentiment in Germany and the eurozone, which may lead to the formation of a false breakdown in the […]
USD/JPY The Japanese yen quickly completed the technical divergence of the marlin oscillator on a four-hour schedule from February 14 to 15. The stop occurred on the Krusenstern line. Now, if the signal line of the oscillator goes to the zone of positive numbers, the divergence can be considered completed. Visually, such a transition of […]
EUR/USD visited again our first bounce target area and 38% Fibonacci retracement. This area of 1.1340-1.1350 is important short-term resistance. Breaking above it will open the way for a move towards 1.14. Green line – trend line support Red line – major trend line resistance Blue rectangle – short-term resistance Black rectangle – bounce target […]
Gold price is making higher highs as expected after breaking above the short-term resistance at $1,317. In our past analysis I mentioned that $1,317 was the key resistance for more upside. Breaking above it would provide a bullish signal. Purple lines – bullish channel Yellow rectangle – major support Black line – resistance Gold price […]
Wave counting analysis: On February 18, the GBP / USD pair gained about 30 bp, but did not go beyond the maximum of the expected wave 2 or b. Therefore, there is a possibility that the pair will still continue the decline within the expected wave 3 or from the downward trend segment with targets […]
Good morning, it’s the second day of the trading week and time for the daily trading signals brought to you by the Dukascopy TV team. Most of the technical studies are neutral for the Euro/Dollar, but the nearly 21 percent long interbank sentiment is bullish. The Cable has a similar technical outlook and most of […]
