EUR/USD made a sharp reversal lower yesterday to new lows at 1.1250. Despite the new low, RSI did not confirm it providing another bullish divergence. I continue to expect price to move towards our short-term bounce targets. Black lines – bullish divergence Black rectangles – bounce targets Red line – major trend line resistance Green […]
Technical market overview: The GBP/USD pair has made a Pin Bar candlestick that has a very big spread and looks really impresive (and somewhat scary) at the H4 time frame chart. This candle has made the high at the level of 1.2957 which was above the technical resistance zone of 1.2920 – 1.2928, but the […]
Gold price tried to break above resistance at $1,317 yesterday but got rejected. This was a bearish sign and that is why Gold price is back below $1,310. Price however still holds above support of $1,300. Purple lines – bullish channel Yellow rectangle -major short-term support Black rectangle – important short-term resistance Gold price remains […]
For the last trading day, the currency pair Pound / Dollar displayed a high volatility of 115 points, while drawing a wide amplitude of oscillation. From the point of view of technical analysis, we have an amplitude fluctuation of 1.2830 / 1.2920, where the quotation felt again the point of support at the lower boundary. […]
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Technical analysis of EUR/USD for 14/02/2019 The correction was a short-lived bounce and new low was made already Technical market overview: The EUR/USD pair has bounced from the support at the level of 1.1258 and then tested the local technical resistnace at the level of 1.1341. Then the market reversed quickly as the bounce was […]
You’re watching the Dukascopy Daily Trading Signals for Thursday. Here’s how the interbank compares with technicals at 8 AM GMT. Euro/Dollar’s hourly studies show mixed signals. There are 5 neutrals in the mid-term chart and 6 models point South in the daily range. Interbank sentiment is bullish at 26 percent long. The Cable’s 1 and […]
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 […]
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EURNZD is printing its second strong day of losses after the failed attempt to break above the area which encapsulates the 38.2% Fibonacci retracement level of the downleg from 1.7925 to 1.6330, around 1.6940. Currently, the pair is recording a fresh two-month low of 1.6500 as it also declined below the 20- and 40-simple moving […]
Morning Report: 07.00 London The Japanese yen continues to struggle on the back of yesterday’s GDP miss and the current preference for riskier assets. Yen pairs are extending gains, with the USD/JPY set for five gains in five sessions. The AUD/JPY is leading the pack higher, though still remains below last week’s lows. The EUR/JPY […]
Technical market overview: The ETH/USD pair has made a Shooting Star candlestick pattern with a top at the level of 125.74 USD and since then the marekt is slowly deteriorating towards the techncial support at the level of 118.01. Any violation of this level will lead to another slide down towards the lower support levels […]
Bitcoin Elliott Wave analysis for 14/02/2019: The consolidation continues, but not much bullish pressure so far. Technical market overview: The BTC/USD pair is still trading insdie of the horizontal consolidation zone, altought the triangle formation has been invalidated and the overall time of the consolidation is getting too long for the simple corrective pattern. It […]
GBP/JPY dipped slightly below the ideal support at 142.63 (the low was seen at 142.44). Renewed upside pressure is is now expected for a break above resistance at 143.34 that will yield a continuation higher to 144.18 and 144.84 on the way towards the extension target at 151.50. Support is now seen at 142.44 that […]
EUR/JPY dipped to just below the ideal support at 125.07 (the low came in at 124.83). Renewed upside pressure is now expected for a break above 125.54, that yields a continuation higher towards 125.95 and 129..48 on the way towards the extension target at 133.54. Support at 124.83 should protect the downside for the rally […]
https://pepperstone.com/en/forex-news/market-review -AUD, NZD continue to gain vs USD -The yuan take money off of the dollar -Japan grew in Q4 2018 but only just -German and Eurozone GDP on tap -Brexit and border wall debates in Parliament and Congress – US auto loans an accident waiting to happen? The overnight changes and price moves to […]
In Asia, Japan will release the Prelim GDP Price Index y/y and Prelim GDP q/q. The US will also publish some economic data such as Natural Gas Storage, Business Inventories m/m, Unemployment Claims, Core PPI m/m, Retail Sales m/m, PPI m/m, and Core Retail Sales m/m. So there is a probability the USD/JPY pair will […]
The amplitude of the last 5 days (high-low): 50p – 44p – 30p – 63p – 82p. Average amplitude for the last 5 days: 54p (45p). On Wednesday, February 13, the EUR / USD currency pair completed an upward correction due to another batch of “mind-blowing” information from the eurozone. Recently, it has often been […]
The euro fell slightly after data showed that industrial production in the euro zone declined more than expected in December. However, buyers immediately activated in the area of important support levels and did not allow a larger downward movement to be formed. According to the report, industrial production in the eurozone in December 2018 declined […]
For the last trading day, the currency pair Pound / Dollar displayed a quite low volatility of 76 points, while the correction phase came. From the point of view of technical analysis, we see that the correction phase started earlier than expected. The price was enough to reach the value of 1.2832, the mid-January congestion, […]
Coca Cola’s stock has been in recovery mode since late December, recently crossing back above its 50-day simple moving average (SMA). The medium-term picture currently seems cautiously positive, and for it to shift to clearly positive, it would require a decisive break above the all-time high of 50.74. Short-term oscillators support a somewhat positive outlook. […]
NZDJPY is looking strongly bullish in the short term after surging above its daily moving averages (MA) on Wednesday. Prices hit a one-week high of 75.79 and the technical indicators are all pointing to further positive momentum in the near term. The stochastics are heading upwards, but the %K line has yet to cross above […]
Japan will post fourth quarter GDP numbers on Thursday (23:50 GMT, Wednesday) with growth expected to have partially recovered from a third quarter contraction. But with global growth decelerating at a worrying rate and the sales tax in Japan due to rise in October, a modest rebound at the end of 2018 is unlikely to […]
China’s trade and inflation figures for January will hit the markets early on Thursday and Friday, respectively. Forecasts point to further weakness, which may spell some trouble for “China-sensitive” currencies like the aussie. That said, the far bigger driver for market sentiment will likely be any updates in the US-China trade talks, the latest round […]
On Wednesday, February 13, gold prices continue to rise gradually just like the day. Experts believe that this was driven because of the euphoria in global stock markets due to optimistic expectations on the US-China trade negotiations. Quotes of the yellow metal hold at $1,300 but can not overcome the $1,315 mark in more than […]
GBPAUD is recording the third day of losses after a failed attempt to break significantly above the 1.8340 resistance level last Friday. Chances for a short-term reversal are increasing as the price is dropping below the 20-day simple moving average (SMA), while the technical indicators have a steeper negative slope now. The RSI is heading […]
BTCUSD skyrocketed last Friday, jumping above the Ichimoku cloud and the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. Currently, the price is moving sideways, and the technical indicators have turned lower. The RSI indicator is moving down in the positive zone while the stochastic oscillator is approaching the oversold territory. Should the price extend […]
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 […]
This Thursday is another busy day on the markets, so let’s take a closer look with the Dukascopy Economic Calendar. Preliminary German Gross Domestic Product for the fourth quarter opens this agenda at 7 o’clock in the morning. Economy contracted by point 2 percent in the third quarter and this was the first quarterly contraction […]
