On Wednesday, February 6, the head of the Reserve Bank of Australia, Philip Lowe, made an unexpectedly mild speech, while investors were awaiting statements about raising interest rates. This caused the sale of the Australian currency. In a speech titled “Next Chapter,” he pointed out that the increase in interest rates of the US Federal […]
Today will be an important day for the US dollar as investors will receive important data from the US. This data should shed light about the health of the US economy. Before the data, the dollar index has been rising and has moved to the highest level since January 27 as shown in the chart […]
Twitter stock has been trading within a sideways channel over the last six months with upper boundary the 37.10 resistance level and lower boundary the 26.20 support barrier. Currently, the price is trying to climb above the 200-day simple moving average, creating a bullish rally. From the technical point of view, the Relative Strength Index […]
To open long positions on the GBP / USD pair, you need: The formation of the divergence, which I drew attention to in my morning review, led to a return in demand for the British pound and consolidating above 1.2950 support, which may strengthen the upward correction in the afternoon. The main objective of the […]
To open long positions on EUR / USD pair, you need: Given that there are no expected significant fundamental statistics to be released today, euro buyers took advantage of this moment and managed to keep the pair from a larger sale. Now the bulls are trying to return to the resistance level of 1.1403, fixing […]
The speech of US President Donald Trump with an annual message to Congress had a weak effect on currency trading. The dollar strengthened against the euro but weakened against the yen. As of 11:00 London time, the EUR/USD rate dropped to 1.1385 mark and the USD/JPY rate dropped to a level of 109.70. The dollar […]
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 1.1420 was needed to […]
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 […]
2018 was a difficult year for the cryptocurrencies market. The currencies saw a massive decline of more than $700 billion in market value. Bitcoin, the poster child of the currencies has seen its market cap drop to about $60 billion from a high of more than $300 billion. Part of the reason why the cryptocurrencies […]
Yesterday, the Australian dollar rose sharply after the RBA released the interest rates decision for January. In the accompanying statement, the bank said that the economy was in a strong position, with growth expected to remain above 3.0% this year. This made the currency rise sharply against the other currencies, including the USD. Today, the […]
Canada is delivering its first employment report for this year on Friday at 1330 GMT but according to analysts the results may appear dull once again, likely leading to the conclusion that rate hike plans should remain on hold for now until further notice. In December, employment growth was muted at 9.3k, marking an average yearly increase of 163,000 for […]
A strong report on the US labor market somewhat cooled the ardor of precious metal admirers. Amid reports of employment growth outside the agricultural sector, ETF stocks dropped by 5.3 tons immediately since February. A rather noticeable loss, given the fact that the figure had increased by 25 tons over the previous four days. Profit […]
Yesterday’s closing of the American session occurred below the 1/2 CZ of 1.2034-1.3005. This indicates a change of priority to downward. Any growth must be used to find favorable prices for the sale of the instrument. It is important to understand that the weekly CZ of 1.2832-1.2793 is now the medium-term target. The probability of […]
The main outsider in the Asian session was the Australian dollar, which, together with its American namesake, collapsed more than 100 points in a few hours as it heads for the main psychologically important support level of 0.70. It is noteworthy that Ozzy actually ignored the meeting of the Reserve Bank of Australia and even […]
Here are some of the potential market movers scheduled for publication on this Thursday as market holidays continue in China. German Industrial Production report for December opens this agenda at 7 o’clock in the morning. Past year has been bumpy for production in Germany, as there were just five monthly increases reported throughout the year. […]
It’s 12pm GMT, so let’s have a look how traders have performed this morning with the Midday Snapshot. Euro/Dollar moved slowly South by a total of 30 pips and a loss of point 21 percent was posted at noon. Traded volume is average and the neutral sentiment of the traders is 8 percent long. Gradual […]
The US 100 index (NASDAQ 100) has been in a positive tendency after the jump above the 61.8% Fibonacci retracement level of the downleg from the all-time high of 7700 to the 14-month low of 5845, around 6995. Currently, the price remains below the 200-day simple moving average (SMA), which is acting as a strong resistance level […]
The big picture: There is no reason for optimism. On Tuesday, the main event was Trump’s speech in Congress addressing the country. Trump again declared “We will build a wall!” (on the border with Mexico) and called on the Democrats to abandon the resistance to the financing of the wall but offered nothing to the […]
AUD / USD pair The Australian dollar has overcome the support of the MACD line on the daily chart in today’s Asian session. At the younger half on H4, the price consolidated below the balance lines and MACD. Conditions for further decline formed. The immediate goal is the embedded line of the price channel in […]
Sellers are in control in the Gold market. We found a confirmed head and shoulders pattern in the background, which is another strong sign of weakness. After the breakout of the HSS pattern, the price went into the bullish corrective phase, but in my opinion that upward correction is about to finish. There is a […]
The GBP/USD pair did a great job on the downside and our profit target at 1.2963 has been reached. So far, I still see that sellers are in control and that trend is bearish. GBP/USD is trading between yesterday’s low at 1.2924 (support) and daily pivot (1.2973 – intraday resistance). Price is still trading below […]
Bitcoin is trading downwards and the price tested the level of $3.398. I have found a breakout of the bearish flag pattern, which exactly what I expected to happen. The breakout confirmed the downward continuation and the down trend resumed. Pay attention to the level $3.387, since it is the short-term support. The level of […]
Twitter will report its quarterly earnings before the US market open on Thursday. The company has been striving to eradicate misinformation and ‘fake news’ from its platform, and so has seen its user growth wane, spelling troubles for its stock last year. Yet, the rebound in early 2019 suggests investors believe this may be a […]
Overview: The EUR/USD pair above around the weekly pivot point (1.1393). It continued to move downwards from the level of 1.1393 to the bottom around 1.1335. Today, the first resistance level is seen at 1.1393 followed by 1.1426, while daily support 1 is seen at 1.1335. Furthermore, the moving average (100) starts signaling a downward […]
The Dukascopy TV team helps you get the best deals from your broker by providing you with the benchmark interbank price data with the Spike Controller. Euro/dollar’s daily average spread is point 31 pips. Maximum separation of 1.7 pips took place yesterday. The pair has slipped below the 1.14 level as it declined by point […]
EURJPY has been retreating significantly over the last few hours, 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. According to the technical indicators, in the 4-hour chart, the RSI and the MACD are losing momentum below the neutral threshold of […]
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 (61.8% of Fibonacci), which is expected to act as major support today. The RSI is considered to be overbought, because it is above 70. The RSI is […]
The growth momentum of the euro, received last week, ran out of fuel, and did not end with a strong movement. The euro has returned to the range – again. There was not enough positive news – but the market is full of pessimism. Nevertheless, we are waiting for the beginning of the movement after […]
Wave counting analysis: On February 5, the GBP / USD pair lost 85 bp, so the wave pattern suffered certain changes due to the fact that according to the previous markup, wave 4 went beyond the maximum of wave 1. The entire upward trend segment, taking its beginning on January 3, was transformed in the […]
On Wednesday, the price will continue to move down. The first lower target of 1.1377 is the recoiling level of 61.8% (blue dashed line). Then the top is possible. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – up; – candlestick analysis – up; – […]
