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The euro/dollar pair has once again demonstrated a southern impulse. However, yesterday’s correction did not continue as the bears returned the price to the area of the 12th figure. Such price dynamics are fully justified because the single currency is now under pressure not only from the economic problems of the eurozone but also from […]
The disappointing statistics on US retail sales for December only temporarily stopped the bears in EUR / USD. The US economy slows down to 2% in the fourth quarter, according to JP Morgan. The Fed does not begin to raise the federal funds rate in 2019, as the derivatives market shows, but the eurozone looks […]
The two-day US-China trade negotiations have ended, but further terms of cooperation have not been agreed upon. Nevertheless, both sides noted that there is still some progress on a number of important issues. According to the latest data, the United States and the PRC decided to sign a general agreement in the form of a […]
According to an analyst at Pacific Investment Management Company (PIMCO), Sachin Gupta, the uncertainty surrounding trade relations between the United States and the Middle Kingdom, as well as the slowdown in the growth of the global economy can support the already “expensive” dollar over the coming months. Therefore, at the moment he prefers to maintain […]
To open long positions on the GBP / USD pair, you need: Pound regained a number of positions after good retail sales data, which turned out to be better than economists’ forecasts. However, the technical picture remained unchanged. At the moment, bulls need to return to the resistance of 1.2826 and only a higher fixation […]
To open long positions on EUR / USD pair, you need: The euro remains under pressure and buyers are not in a hurry to return to the market amid weak statistics on the balance of foreign trade balance in the eurozone. The technical picture has not changed. Euro buyers still need a breakthrough and consolidation […]
As the Brexit crisis deepens, the two giants of Wall Street have completely different views on the final result. Goldman Sachs sees a 50 percent probability of a ratified deal while JP Morgan talks about the postponement. If British Prime Minister Theresa May cannot agree on a Brexit deal with Parliament, she will have to […]
The focus will firmly be on economic indicators next week as political and central bank events temporarily take a back seat. The latest PMI releases for the Eurozone will be one of the highlights as growth in the region grinds to a halt, while employment numbers out of Australia and the United Kingdom will attract […]
Start of this new trading week is extremely light in terms of news releases and markets are closed in the US due to Presidents Day. The publication of the UK Rightmove House Price Index for February opens this agenda just shortly after midnight GMT. Prices of property coming to market were up by point 4 […]
The DAX 30 index is the Germany’s response to the United States’ Dow 30. The index is made up of the biggest companies in Germany. The companies are chosen in such a way that they represent how the economy is doing. The biggest company in the DAX index is SAP, which is valued at more […]
This week, the focus among traders was on the government shutdown and the ongoing trade negotiations between China and the United States. On trade, officials from the United States are visiting China, where they are holding the negotiations. The teams are being led by Robert Lighthizer and Steve Mnuchin and are expected to meet with […]
Singapore is a small Asian country with a population of more than 5 million people. The country has become a major force in the region, because of how it has transformed itself. Even with low mineral resources, the country has grown its GDP to more than $320 billion. This trade has enabled the country to […]
Intel’s stock has been grinding higher in recent weeks and is now trading back above its 200-day simple moving average (SMA). Combined with the fact that price action since late October consists of higher lows, the short-term picture seems to have shifted to cautiously positive, from neutral previously. The notion is supported by short-term momentum […]
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 […]
Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency within the depicted bearish Channel (In RED). On November 13, the EUR/USD pair demonstrated recent bullish recovery around 1.1220-1.1250 where the current bullish movement above the depicted short-term bullish channel (In BLUE) was initiated. Bullish fixation above 1.1430 was needed to […]
USDCHF has moved considerably higher after the touch on the ascending trend line, recording a new three-month high of 1.0097 on Thursday. The price climbed well above the 20- and 40-simple moving averages (SMAs) in the daily timeframe, while the RSI is sloping marginally up in the positive zone and the MACD oscillator is strengthening its momentum […]
Overview: The NZD/USD pair breached resistance which had turned into strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio, which is expected to act as major support today. The RSI is considered to be overbought, because it is above 70. The RSI is still signaling that […]
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GBPJPY has been trading within a negatively sloping channel over the last three weeks, with the bears challenging the lower boundary today. Currently, the price holds well below the 20-and 40-simple moving averages (SMAs) in the 4-hour chart, which are ready to post a bearish crossover. Having a look at the technical indicators, the RSI is sloping slightly up […]
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. […]
We’ve reached the end of the trading week and you’re watching the Dukascopy Spike Controller. Spreads have averaged at less than point 3 pips in all three time ranges for the Euro/Dollar. Daily max is 1.4 pips. The pair rose yesterday by point 44 percent or 49 pips, but most of the gains were given […]
Over the past trading day, the currency pair Pound / Dollar showed volatility which is almost equal to the average daily of 104 points, as a result of reaching the predicted level. From the point of view of technical analysis, we have an intense decreasing movement, wherein the quotation still managed to reach the predicted […]
The Euro / Dollar currency pair for the last trading day showed a high volatility of 82 points. As a result, the price returned to the limits of the range level. From the point of view of technical analysis, we have a return to the range level of 1.1280 / 1.1300, in an attempt to […]
On Friday, the price will continue to move up. The first upper target of 1.1313 is the rolling level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – up; – candlestick analysis – up; – trend analysis – up; – […]
To open long positions on GBP/USD you need: Buyers of the pound did not manage to offer anything to the market yesterday, and the breakthrough of several important supports only increased the pressure on the pair. At the moment, the bulls urgently need to return to the resistance of 1.2826, as only a consolidation above […]
Wave counting analysis: On February 14, the GBP / USD pair lost another 40 bp. and broke through the minimum of the estimated wave 1, or a. Thus, there were reasons to assume that wave 2, or b, turned out to be very shortened and had already finished its construction. Now, we waited for at […]
Technical analysis of EUR/USD for 15/02/2019 Another short-lived bounce was capped at the resistance level Technical market overview: The EUR/USD pair has bounced from the support at the level of 1.1249 and then bounced toward the level of 1.1309. Then the market reversed quickly as the bounce was very short-lived and the bears have managed […]
Hello, traders, you’re watching the Dukascopy Daily Trading Signals for Friday. Euro/dollar has 5 sell signals in both the short and long term charts. There are 5 neutral prompts in the 4-hour scale. Interbank sentiment is bullish at nearly 20 percent long. The Cable’s short and mid term technicals are mostly neutral. Most of the […]
EURJPY is trapped within the 124-126 area as the 50% and the 38.2% Fibonacci levels of the downleg from 133.21 to 118.57 seem to be keeping price movements under control and within the symmetrical triangle which appeared more clearly after the rebound on the 38.2% Fibonacci last week. Momentum indicators suggest a neutral-to-bearish bias for the short […]
