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, […]
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EURUSD registered a three-month low at 1.1233 on Friday before closing negative for the second consecutive week. On Monday the pair managed to rise back above the 1.1300 level, with momentum indicators shaping a bearish-to-neutral picture for the short term; the RSI is recovering towards its 50 neutral mark, the MACD seems to be showing easing negative […]
EURGBP opened with a gap down on Monday, challenging the 20-simple moving average (SMA) in the daily timeframe after it topped on the 0.8840 resistance level in the preceding week. Currently, the price is covering this gap and moving higher. In the near term, the pair could consolidate as the RSI is flattening slightly below […]
Bitcoin Elliott Wave analysis for 18/02/2019: Up we go, higher highs in the making ahead Technical market overview: The BTC/USD pair has broken above the recent local top at $3,763 and made a new local high at the level of $3,824. The breakout from the consolidation zone was a dynamic and sudden, which is typical […]
AUD/USD The Australian dollar was optimistic about the growth of European currencies. Up to the Krusenstern line of the daily timeframe, the price remains 20 points, and since the signal line of the Marlin oscillator on the daily scale moved to the growth area today, which indicates significant market potential, the line resistance (0.7173) is […]
The euro-dollar pair showed quite strong volatility on Friday, taking into account the half-empty economic calendar. The price passed almost 100 points in a day, reacting to a contradictory fundamental background. The political crisis in Spain, weak inflation data from China, as well as extremely “dovish” comments from ECB member Benoit Coeure pulled down the […]
GBP/JPY has rallied past minor resistance at 141.84 leaving us with a possible bullish option, if resistance at 143.03 is broken too. While the bearish option remains in place as long as resistance at 143.03 is not broken. As said, a break above resistance at 143.03 will confirm that wave ii has completed and wave […]
EUR/JPY held above short-term important support at 124.15 indicating that wave iii is developing. That said, we still need a break above resistance at 125.46 to confirm this actually is the case. A break above resistance at 125.46 will call for a continuation higher to 125.95 and 129.48 on the way higher to 133.54. Only […]
https://pepperstone.com/en/forex-news/market-review -EUR and GBP recover vs USD -A rebound in NZD leads AUD higher over the week -The dollar and the real trade blows -The rand has 14 handle once more -Australia’s political parties have been hacked -Nigeria’s Presidential elections were postponed -A decade of commodity returns The overnight changes and price moves to be […]
Today, when the European and the US markets open, no economic data will be released. So amid this condition, the EUR/USD pair will probably move with a low volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1346. Strong Resistance: 1.1340. Original Resistance: 1.1329. Inner Sell Area: 1.1318. Target Inner Area: 1.1292. Inner Buy […]
In Asia, Japan will release the Core Machinery Orders m/m, but the US will not publish any economic data today. So there is a probability the USD/JPY pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.06. Resistance. 2: 110.84. Resistance. 1: 110.63. Support. 1: 110.36. […]
Technical outlook: An hourly chart for the EUR/USD pair has been presented to have a short-term wave structure. The single currency seems to have formed an ending diagonal labelled as 1,2,3,4, and 5 with the 5th wave potentially terminating on Friday at the 1.1233 levels. Furthermore, the rally continued at 1.1306 highs on Friday. It […]
FX Rundown – Is the US Dollar Prime for a Reversal? The US dollar enjoyed strong gains in the first week of February, but even a budget deal in Washington failed to drive it higher. With retail sales falling by the biggest amount in nearly a decade, many forex traders are wondering if the US […]
