It’s noon GMT on this Wednesday, so let’s see how traders have performed during the morning session. Euro/Dollar declined slowly by a total of 31 pips on its way towards the 1.13 level. Trading has been typical in terms of volume and the neutral sentiment of the traders is seven percent long. Gradual decline makes […]
GBP/USD has been trading sideways at the price of 1.2882. Anyway, according to the H1 time – frame, we found many sings of potential strength on this currency pair. GBP/USD is now testing the lower parallel (support) of the median line at the price of 1.2880, which is a sign that selling looks risky. Besides, […]
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 […]
Bitcoin recently formed a Descending Triangle pattern while residing and correcting above $3,600 with a daily close. The price rejected off the triangle resistance for a several times. The price has skewed quite tightly and a breakout above is expected to lead the price higher towards $4,000 resistance area in the coming days. The volume […]
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. […]
Gold did successful rejection of the key shot-term resistance at $1.314.00 (yellow rectangle). We found a potential end of the upward correction (abc) and the breakout of the support trendline in the background, which is a sign of the weakness. Support is now seen at $1.308.00. The trend is still bearish. R1: $1.318.00 R2: $1.322.40 […]
The New Zealand dollar jumped by almost 2 percent after the Reserve Bank of New Zealand (RBNZ) released its interest rates decision. As expected, the bank left interest rates unchanged at 1.75% and pointed that it could hold rates at this level until 2021. The bank said that the current expansionary policy will continue to […]
Wave counting analysis: On Tuesday, February 12, trading ended for EUR / USD by 50 bp increase. Thus, the instrument inside the intended wave 3 clearly shows the five-wave structure of the waves. If this is true, then there should be another final impulse wave 5, 3. The unsuccessful attempt to break through the 76.4% […]
The main event of overcoming the shutdown in the United States has made progress. There is an agreement in the Congress about a compromise. It is more likely that there will be no new shutdown after February 15. Positive news resulted from the US-China trade negotiations. There is very little progress on the issue of […]
It’s time for another edition of the Dukascopy Spike Controller, where we take a closer look at the spread levels for the 3 non-cross majors. Euro/Dollar’s daily average spread is point 3 pips and maximum separation has been 1.1 pips. The pair has returned above the 1.13 level as it gained point 61 percent or […]
The Dow Jones Industrial Average is one of the oldest indices in the world. It is also one of the most closely-followed indices in the world. This is because of its size and the importance of the companies that make it. These companies have a combined market capitalization of more than $7 trillion. They include […]
On Friday, the Department of Agriculture released the World Agricultural Supply and Demand Estimates (WASDE). This was the first report of the year because in January, the government was shut down. This is an important report to agricultural traders because it gives them details about the demand and supply expectations. With this knowledge, the traders […]
EURJPY is falling today after the strong jump above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. The pair is struggling within an upward sloping channel since January 15, finding strong resistance obstacle around the 50.0% Fibonacci retracement level of the downleg from 133.10 to 118.57, around 125.85 and the 38.2% Fibonacci of 124.10. […]
NZDUSD jumped with full force early on Wednesday after finding support at the top of the Ichimoku cloud as stochastics entered oversold territory below 20. The RSI is positively sloped slightly above its 50 neutral mark, a sign that positive momentum may stay in place in the short term. Yet, with the MACD weakening below its red […]
Technical market overview: The GBP/USD pair has made an indecision candlestick pattern with a low at the level of 1.2832 and then the price has bounced towards the nearest technical resistance zone located between the levels of 1.2920 – 1.2928. The momentum remains neutral on the way up and the price seems to be reversing […]
Technical analysis of EUR/USD for 13/02/2019 Finally, the market makes a corrective bounce higher. Technical market overview: The EUR/USD pair has bounced from the level of 1.1258 after some sort of a Pin Bar candlestick pattern was made, which looked more like an indecision pattern than a reversal pattern. Nevertheless, the bulls have managed to […]
Trend analysis (Fig. 1). On Wednesday, the price may continue upwards. The first upper target of 1.1357 is the recoiling 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 analysis – […]
Trend analysis (Fig. 1). On Wednesday, the price will move up. The first upper target of 1.2980 is the recoiling level of 38.2% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – up; – trend analysis – […]
Technical market overview: The ETH/USD pair has spiked up towards the resistance zone located between the levels of 124.61 – 127.59, but the price reversed quickly and made a Shooting Star candlestick pattern so far. This kind of price action is the first warning that the current uptrend might be reversing. The second warning comes […]
Technical market overview: The BTC/USD bulls are trying to move higher and the firsts attempt to break out from the triangle pattern has been made. Nevertheless, the local high was made at the level of $3,700 and then the price reversed back to the range. Currently, the price is testing the potential breakout from the […]
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 […]
Aussie plummets as RBA Governor changes tune, puts rate cut on table Pound dives after weak services PMI reinforces speculation for dovish BoE US stock markets cruise to fresh two-month highs RBA Governor reacquaints aussie with gravity The Australian dollar is in freefall early on Wednesday, losing more than a cent against its US counterpart, […]
Kiwi skyrockets after RBNZ refrains from signaling rate cuts, but downside risks linger Trump’s trade comments reinvigorate risk appetite UK and US inflation data highlight the agenda today RBNZ fails to live up to market’s dovish expectations, kiwi explodes up As expected, the Reserve Bank of New Zealand (RBNZ) kept its policy unchanged overnight, maintaining […]
EUR/USD finally bounced by one day delay. Price reached very close to our first target at the 38% Fibonacci retracement of the entire decline from 1.15. The bullish divergence signs have given us the warning signals that a bounce was coming. I believe the bounce is not finished. Red line – major resistance trend line […]
EUR / USD pair Yesterday, the euro fulfilled the scenario exactly as expected, reaching the target level of 1.1262 which it was not able to achieved by 5 points on Tuesday and rushed into corrective growth. The estimated target resistance of 1.1335 was attained but the balance indicator line on the four-hour chart managed to […]
Gold price is still vulnerable to a move towards $1,300 and I remain bearish biased as long as price is below $1,317. Medium-term trend remains bullish as long as price is above $1,280-75 area. Purple lines – bullish channel Yellow rectangle -important short-term support Black rectangle – resistance Gold price has short-term resistance at $1,317. […]
To open long positions on EURUSD you need: After the previous day’s good upward correction, the demand for the euro will continue, but this requires a false breakdown in the support area of 1.1320-1.1315. Only after that will you be able to count on further demand with a breakthrough of a large resistance of 1.1350, […]
GBP/USD The British pound rose by 34 points on Tuesday, mainly due to the general weakening of the dollar, as the speech of the Bank of England’s head was restrained and alarming – he spoke about the dangers of Brexit without a deal, about the adequacy of only moderate monetary policy adjustments in the medium […]
