To open long positions on EUR / USD, you need: Buyers of the euro were in a losing situation after the release of weak PMI indices for the eurozone countries, which led to a further decrease in the euro along with the trend. At present, it is best to return to long positions after the […]
The Bitcoin is trading sideways at the price of $3.471 on a light volume. White lines – bearish flag in creation Most recently, I have found that a fake breakout of the resistance ($3.535) and hidden bearish divergence on the MACD oscillator, which is a sign of weakness in the background. Short-term resistance is set […]
Dear colleagues. For the currency pair Euro / Dollar, we are following the downward structure of January 31 and in order to continue the upward movement, it is necessary to design the local structure. For the currency pair Pound / Dollar, the development of the downward cycle of January 28 is expected after the price […]
The GBP/USD pair made a successful change in trend behavior from bullish to bearish. The key resistance at 1.3215 held successfully and the sellers started the distribution process. Short-term trend remains bearish and we are still holding our short position. Blue lines – bearish channel GBP/USD is in a bearish trend making lower highs and […]
Dukascopy TV Team is back with the Economic Calendar for Wednesday, which could be lighter than usual in Asia as market holidays continue in China. German Factory Orders for December are out first at 7 o’clock in the morning. Orders plummeted by one percent in November after gaining a downwardly revised point 2 percent in […]
The first half of the trading day is over and it’s time for us to take a look at the performance of the traders with the Dukascopy Midday Snapshot. Euro/Dollar declined slowly by a total of only 30 pips to stand slightly in the red at noon. Traded volume is low and sentiment of the […]
Sellers are in control on Gold. We found a confirmed head and shoulders pattern, which is another strong sign of weakness. The price did small upward correction and fund support at $1.308.00 but in my opinion only temporary. The key short-term resistance remains at $1.323.00. As long as this resistance is holding, you should watch […]
USD/JPY has been quite impulsive amid the recent bullish momentum. The price is holding at the edge of 110.00-50 resistance area with a daily close. Ahead of macroeconomic data from the US this week, JPY has been quite solid amid the recently published economic reports while the Bank of Japan is busy with the wage […]
Overview: The AUD/USD pair is set above strong support at the level of 0.7046 which coincides with the 23.6% Fibonacci retracement level and 0.7168. This support has been rejected four times confirming the uptrend. Hence, major support is seen at the level of 0.7046, because the trend is still showing strength above it. Accordingly, the […]
The beginning of the week on the oil market was quite volatile. On Monday, the trading range of quotations was quite wide. Thus, during the day, a barrel of raw materials of the Brent variety managed to rise in price to a 2-month high and drop in price to a weekly minimum. Today, the black […]
Wave counting analysis: On February 4, the GBP / USD pair lost 35 bp. Despite the fact that wave 4 takes a fairly extensive form and now it already reached 50% mark of Fibonacci from the size of wave 3, the chances that the ascending section of trend will continue its formation. However, I warn […]
Overview: The GBP/USD pair will continue rising from the level of 1.3048 today. So, the support is found at the level of 1.3048, which represents the pivot point in the H1 time frame. Since the trend is above the pivoti level, the market is still in an uptrend. Therefore, the GBP/USD pair is continuing with […]
Large-scale graphics: Since April of last year, the rising wave has been developing on the chart of the motocross pair. In its structure, the middle part (B) is nearing completion. Medium scale graphics: The bearish stretch of December 10 in the larger wave model formed a correction. The price has reached the potential reversal zone, […]
Wave counting analysis: On Monday trading, February 4, it ended with a slight decline for the EUR/USD pair by 15 bp. Thus, the current wave counting maintains its integrity and implies the construction of a downward wave 3 within the framework of a new downtrend trend. If the current version is not correct but an […]
Large scale graphics: On the daily scale of the major franc chart, the last wave is ascending. Its countdown began in February last year. The structure is fully completed the first 2 parts (A + B). In the last part, the preparation for the final price spurt is completed. Medium scale graphics: In the ascending […]
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 […]
We are here to draw the line between the dodgy and the good brokers by providing traders with the benchmark interbank price data. Euro/Dollar’s long term average spread is point 33 pips and maximum separation has been one and a half pips. The pair has been trending South during the past 24 hours, declining by […]
AUDUSD erased some gains after it touched the 200-day simple moving average (MA) last week, but the uptrend started in early January is still intact, with the 20-day MA suggesting that the positive tendency may hold in place as the line managed to jump back above the 50-day MA early this month. In momentum indicators, the MACD is […]
4-hour timeframe Technical details The senior linear regression channel: direction – up. The younger linear regression channel: direction – up. Moving average (20; smoothed) – down. CCI: -117.6714 The currency pair GBP / USD on Tuesday, February 5, has fixed below the moving average line and continues not a too strong downward movement. Meanwhile, the […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The junior linear regression channel: direction – down. Moving average (20; smoothed) – sideways. CCI: -118.4254 On the second trading day, the currency pair EUR / USD continues to decline weakly and has reached a moving average line. The further dynamics of the […]
The American dollar stopped its growth, which was formed yesterday in the first half of the day against the European currency after the release of a number of weak fundamental statistics for the eurozone. However, the decline in the EUR / USD pair stopped after a similar series of weak data on the US economy, […]
To open long positions on the GBP / USD pair, you need: Buyers of the British pound are not yet available in the market, however, a strong bearish correction is also not observed. The main task for the first half of the day will be the return and consolidation above the resistance of 1.3042, which […]
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 […]
Stocks climb while haven assets tumble, without any fresh catalyst Aussie outperforms after RBA wasn’t as dovish as markets expected Today, services PMIs from both the UK and US will dictate the action Stocks advance, yen crumbles as “no news is good news” Global risk appetite returned on Monday, in the absence of any material […]
To open long positions on EUR / USD pair, you need: Although the euro is declining, the bearish momentum is very weak. In the first half of the day, buyers need to return to the resistance level of 1.1448, only above of which the demand for EUR / USD will increase. Then, this will lead […]
Trend analysis (Fig. 1). On Tuesday, the price will try to continue moving down. To do this, it will have to overcome the recoil level of 23.6% – 1.3034 (blue dashed line), which is unlikely. From this level, an upper movement is possible. Fig. 1 (daily schedule). Comprehensive analysis: – Indicator analysis – down; – […]
Trend analysis (Fig. 1). On Tuesday, the price will continue to move down. The first lower target of 1.1429 is the recoiling level of 38.2% (blue dashed line). Then the top is possible. Fig. 1 (daily schedule). Comprehensive analysis: – Indicator analysis – up; – Fibonacci levels – down; – Volumes – up; – Candlestick […]
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4h The currency pair EUR / USD, after rebounding from the correctional level of 50.0% – 1.1517, performed consolidation below the Fibo level of 38.2% – 1.1446 and continues the process of falling in the direction of the level of 23.6% – 1.1358. Overlapping divergences on February 5th are not observed in any indicator. Fixing […]
