The US 30 index has remained in a bullish mode in recent weeks, printing higher highs and higher lows on the daily chart while also staying above both its 200- and 50-day simple moving averages (SMAs). This implies that the short-term picture remains positive, albeit cautiously so, with a break above the all-time high of […]
GBPCAD hit the 1.6970 support again following last week’s pullback from the 1.7270 resistance level, slipping below the 20-and 40-simple moving averages (SMAs) in the daily timeframe. The pair has been trading within an ascending sloping channel over the last six months, despite the upside spikes towards 1.7530. The short-term bias looks negative as the MACD […]
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 […]
Economists estimate that the value of palladium showed the longest growth in history and peaked. Meanwhile, experts are trying to understand the causes of this phenomenon. Analysts recorded an unprecedented rise in the price of precious metals over the past two years. This turned out to be useful for producers of palladium and delighted investors […]
Yesterday, the Swedish Krone rose sharply against the USD after the Riksbank released a hawkish statement. The USD/SEK pair then pared most of those gains later in the day. The central bank concluded the monetary policy meeting yesterday and left interest rates unchanged at -0.25%. In the monetary policy statement, the bank said that while […]
known for its large debt, which stands at more than $10 trillion. Today, the country released the second reading of the economic growth. The number showed that the economy expanded by an annualized rate of 1.4%. This was in line with expectations and higher than the previous reading of -2.6%. On a QoQ basis, the […]
United States is the biggest economy in the world with a total GDP of almost $20 trillion and a population of more than 325 million people. It is followed by China and Japan, which have a GDP of $12.2 trillion and $4.8 trillion respectively. The US economy is well diverse, with many sectors contributing to […]
To open long positions on the GBP / USD pair, you need: Buyers did not cope with the task for the first half of the day and failed to maintain the support level of 1.2837, which I paid attention and now plays the role of resistance. Confidence in the strength of the British pound among […]
To open long positions on EUR/USD pair, you need: The GDP data from eurozone coincided with forecasts of economists, which allowed buyers to keep the European currency at the support level of 1.1251, where I recommended buying in my morning forecast. At the moment, the main task of the bulls will be a breakthrough and […]
PepsiCo’s stock has been on an upward trajectory in recent months, recovering some of the losses it posted in late 2018. Recent price structure consists of higher lows, while the market is also trading above both its 50- and 200-day simple moving averages (SMAs), which keeps the medium-term outlook modestly positive. For the picture to […]
Brent crude oil futures are holding slightly below the three-month high of 64.80 after the aggressive bullish run above the ascending sloping channel. The MACD oscillator suggests that the market might improve in the coming sessions as it is moving upwards, however, the RSI indicator seems to be overbought as it reached the 70 level in the 4-hour chart. Should the […]
USD/CAD has been trading upwards. The price tested the level of $1.3272. Anyway, according to the H1 time – frame, I have found that price rejected from the important resistance level at 1.3265. I also found potential end of the upward correction and finished bearish flag pattern, which is a sign that buying USD/CAD at […]
Gold finished bullish correction (regular flat) at $1.317.50 in the background and in our opinion, it should trade lower. We found hidden bearish divergence on the MACD oscillator, which is another sign of the weakness. The breakout of the key short-term support at $1.302.00 would confirm a downward movement. As long as Gold remains below […]
Bitcoin has been trading sideways at the price of $3.619. Our yesterday’s analysis didn’t change. We found the failed test of the resistance at $3.760, which is a sign that buyers don’t have power at this stage. We also found the broken intraday support trendline at $3.640, which is a sign that sellers are in […]
It’s time once again for the Dukascopy Midday Snapshot, where we take a look at trader performance over the 12 hours to midday. Euro/Dollar stood slightly in the green at noon after walking in a total range of 45 pips. Turnover is high and the neutral sentiment of the traders is close to an even […]
It is the final trading day of this week, so let’s take a look at the potential market moving publications. The high importance UK Retail Sales report for January opens this agenda at 9:30 in the morning. According to the Office for National Statistics, the quantity bought in December was nearly one percent down from […]
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, […]
The Democrats won, therefore, President Trump conceded to Congress. He will sign a compromise budget and there will be no shutdown after February 15. Brexit: Today, a new vote in the British Parliament agreement with the EU but there is not much hope for the approval of the agreement. The next vote is already announced […]
Keep your broker on a short leash by watching Dukascopy Spike Controller. I’m Kiays Khalil with the benchmark interbank price stats. Spreads have averaged at less than point 3 pips in all three time scales for the Euro/Dollar. Maximum separation has been 1.6 pips. The pair has declined below the 1.13 level and it moved […]
The US 500 stock index has had a bullish run above the strong obstacle of the 200-day simple moving average (SMA) and the 61.8% Fibonacci retracement level of the downleg from 2940 to 2332, indicating an upward tendency. Prices hit a two-month high of 2762 earlier today and the technical indicators are all pointing to further positive […]
According to the RSI, gold touched overbought levels at a nine-month high of 1,326 at the end of January when the indicator topped above 70. Consequently, the price turned slightly southwards since then, with the 1,300 key level deterring steeper declines and therefore the violation of the three-month old ascending channel. The RSI, though, continues the downward […]
To open long positions on EUR / USD pair, you need: Despite the fact that the bears completely regained the market yesterday, the chance for an upward correction of the euro remains. To achieve this, it is necessary to return and consolidate above the resistance of 1.1292 in the first half of the day, which […]
Wave counting analysis: On Wednesday, February 13, trading ended for EUR / USD by 65 bpts. Thus, wave 3, which can still be transformed into a wave from the three wave sections of the trend in its internal wave structure looks complete. However, it is confused only by its size relative to the first wave […]
The market decided once again to test the level of 1.1258 – the support line (blue bold line), but it never reached it. On Thursday, strong calendar news is expected at 16.30 Moscow time. Trend analysis (Fig. 1). On Thursday, the price will continue to move down. The first lower target 1.1258 is the support […]
Trend analysis (Fig. 1). On Thursday, the price will move up. The first upper target of 1.2924 is the rolling level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; – trend analysis – […]
AUD / USD On Wednesday, the US dollar index grew by 0.47%, but the Australian dollar lost only 5 points for the day, indicating a strong intention of the “Australian” to grow further. Technically, there are all prerequisites for this. First of all, the four-hour schedule attracts attention. In here, the price attacks the resistance […]
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Stock markets grind higher as trade hopes grow, but caution warranted Dollar bulls back in the driver’s seat as core inflation beats forecasts Aussie and kiwi outperforming on Chinese data; focus on trade talks Trade euphoria keeps markets afloat as talks commence, but mind the risks US stock markets continued their march higher yesterday, and […]
Wave counting analysis: On February 13, the GBP / USD pair lost about 50 bp. Nevertheless, the estimated wave 1 or a still looks complete. The wave pattern assumes the construction of a correctional wave 2 or b. At the same time, the close approach of the instrument to the minimum of wave 1 or […]
