Trend analysis (Fig. 1). On Thursday, the trend work upwards with the first top target 1.3100 – a rolling level of 76.4% (yellow dotted line). Then lower work is possible. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes – down; – candlestick analysis – down; […]
The rest of the currency market is relatively calm. EUR / USD is trading within the range of 1.1370 / 90; USD / JPY has edged up to 109.70. GBP / USD remains strong at 1.3060 due to the optimism that the risk of unordered Brexit can be ruled out. There is little activity on […]
GBP/USD On Wednesday, the British pound became the market driver. The Labour Party’s statement, on readiness to support the agreement with the EU in order to avoid withdrawing from the bloc without a deal, inspired investors with optimism. On the one hand, it is surprising why the opposition did not adhere to this position before […]
To open long positions on EURUSD you need: A good report on consumer confidence in the eurozone helped buyers to get above the range of 1.1376 yesterday, and as long as trade is conducted above this level, the demand for the euro will continue. The formation of a false breakdown in this area will be […]
You’re watching the Dukascopy Daily Trading Signals for Thursday. Here’s how the interbank compares with technicals at 8 AM GMT. Euro/Dollar has 4 sell signals in the hourly chart. The mid term models are mixed and 5 studies are neutral in the daily chart. Interbank sentiment is neutral, matching the daily signals. Pound/Dollar’s hourly models […]
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USDJPY has been stubbornly testing the 109.76 key obstacle over the past four days, the level it strongly rejected on August 20 to rally towards an 11-mongh high of 114.54. The short-term bias looks neutral to positive as the MACD keeps deviating above its red signal line to enter positive territory and the RSI continues […]
EUR/USD has bounced off 1.1330 towards 1.14 but remains below it. This is not something bulls want to see. Bulls want to see price recapturing key resistance levels like 1.14. On the other hand the bearish short-term trend remains intact. Bears remain in control. Red dots – maximum strength 1 hour resistance Blue dots – […]
Although Gold price remains in an upward sloping channel, there is no sign from bulls that the pull back and correction from $1,300 is over. Bulls need to be very cautious at current levels and as long as price is below $1,292. Purple lines – bullish channel Green area- line in the sand for bullish […]
Technical outlook: We have presented the 4H chart view for NZD/USD with a simple probable wave structure, to have a short to medium-term directional outlook. As seen here, the recent boundary which is being worked out is between 0.6520 and 0.6850 levels respectively. The NZD/USD pair had dropped to the fibonacci 0.618 support of the […]
GBP/JPY has rallied nice of the 140.63 low and will ideally stay above minor support at 142.22 for a continuation higher to 143.94 and 146.10 as the next hurdles on the way towards the 161.8% extension target of wave i at 151.90. Key support has now move higher to 141.65 which should protect the downside […]
Technical outlook: Today we have presented a 4-hour chart view for EUR/USD and highlighted the recent boundary that is being worked upon, to have a short/medium-term outlook for the same. Please note that resistance is seen at 1.1625, followed by 1.1800/20 levels, while support is seen at 1.1270/80 followed by 1.1213 levels respectively. Also note […]
The longer EUR/JPY stays near short-term important resistance at 124.93 the higher the possibility for a push higher towards 126.59 as the next upside target on the way towards 132.12. Short-term only a dip back below 124.37 will again open up for a deeper correction in wave ii towards 123.37 and maybe even closer to […]
Morning Report: 07.00 London Sterling is slipping back slightly this morning after strong gains yesterday on emerging campaigns to block a no-deal Brexit. The GBP/USD garnered headlines after pushing through the 1.3000 yesterday and testing 1.3100 briefly this morning before giving some gains back. The GBP/JPY is faring better, with follow-on gains so far as […]
https://pepperstone.com/en/forex-news/market-review -GBP trades with a $1.30 handle -AUD falls by almost -0.5% vs USD -USD continues to eat into BRLmonthly gains -Nikkei manufacturing PMI for Dec slows to 50 -ECB rate decision on tap -Soros and Zhang among today’s’ speakers at the WEF -Feeling vulnerable to automation? The overnight changes and price moves to be […]
When the European market opens, some economic data will be released such as Main Refinancing Rate, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will also publish the economic data such as Crude Oil Inventories, Natural Gas Storage, […]
In Asia, Japan will release the Flash Manufacturing PMI and the US will publish some economic data such as Crude Oil Inventories, Natural Gas Storage, CB Leading Index m/m, Flash Services PMI, Flash Manufacturing PMI, and Unemployment Claims. So there is a probability the USD/JPY pair will move with a low to a medium volatility […]
The EUR/USD pair is approaching its resistance at 1.1424 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 1.1373 (61.8% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is nearing its resistance at 95% where a corresponding reversal is anticipated. EUR/USD is approaching […]
The USD/JPY pair is approaching its support at 109.17 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 109.662 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is nearing its support at 6.8% where a corresponding bounce could occur. USD/JPY is […]
The euro/dollar pair this week shows almost no signs of life: any attempts to grow or decline are stopped at the root. The 14 figure is not available to the EUR/USD bulls, and the bears cannot hold the pair below the 1.1350 mark. Everyone is waiting for the main event of this week – the […]
With FX vols so low, and, with a specific focus on EURUSD, Chris Weston looks at tonight’s ECB meeting and what will cause higher volatility in G10 FX. Related Posts:Geopolitical developments and stronger US data push… April 16, 2024 Volatility remains extremely high across the FX spectrum Commodities volatility…Technical Analysis – EURUSD dives further near […]
4-hour timeframe The amplitude of the last 5 days (high-low): 72p – 169p – 136p – 80p – 119p. Average amplitude for the last 5 days: 115p (140p). On the third trading day of the week, January 23, the British pound sterling resumed its upward movement and overcame the first resistance level of 1.3024. It […]
4-hour timeframe The amplitude of the last 5 days (high-low): 47p – 36p – 58p – 34p – 38p. Average amplitude for the last 5 days: 43p (57p). The EUR/USD currency pair stopped declining on Wednesday, January 23 and is currently just moving sideways. If earlier we noted weak volatility, but at the same time […]
In this video, Chris Weston looks at how liquidity is driving markets, and how markets are impacting the thought process of central banks. Chris looks at the the key themes and debates that should drive markets in 2019 Website: https://pepperstone.com/ Twitter: https://twitter.com/pepperstonefx Chris Weston: https://twitter.com/chrisweston_ps Subscribe: https://bit.ly/2NlF6rI Related Posts:USD/JPY: Simple trading tips for novice traders […]
The Bank of Japan has reduced its inflation forecasts and retained a large-scale incentive program amid growing risks for the economy in the form of trade protectionism and weakening global demand. The trade war between the United States and China, Japan’s largest trading partners, is increasing pressure on the third largest economy in the world […]
It seems that investors have decided to sit aside until the announcement of the meeting of the European Central Bank. The EUR / USD pair is almost immobilized. Meanwhile, the completion of QE in the old world and the reduction of political risks around Italy contribute to an increase in non-resident demand for bonds issued […]
Investors are cautiously returning to riskier assets, even though concerns about corporate income and global economic growth persist. In addition, hopes for a boost in stimulating the economy by the Chinese authorities offset the concerns about progress in the negotiations between Washington and Beijing. Futures on the US currency again point to a positive start […]
While the European currency is trapped in a narrow side channel paired with the US dollar, the British pound finds the strength to overcome more and more resistance levels amid the appearance of at least some information regarding Brexit. Let me remind you that the pound was supported by the statements of the British Prime […]
The British pound rose against the backdrop of strong data on the labor market and in spite of the existing problems around Brexit. It’s not entirely clear why traders did not disappoint Theresa May’s backup plan, which is practically a copy of the original plan. In addition, “Plan B” does not include the much-needed request […]
