To open long positions on GBP / USD, you need: The pound buyers returned to the market and are trying to gain a foothold above the resistance level of 1.2894 after a good report on the increase in average earnings in the UK and reducing the unemployment rate to 4.0%. The main task for the […]
To open long positions on EUR / USD, you need: In the first half of the day, buyers managed to keep an important level of support around 1.1348, and the formation of a false breakdown on it, which I paid attention to in my morning forecast, preserves the likelihood of continuing upward correction in euro. […]
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. Recent bullish spike reached the price level of 1.2999 where significant bearish rejection was […]
Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted Flag Channel (In red). On November 13, the EUR/USD demonstrated recent bullish recovery around 1.1220-1.1250 where the current bullish movement above the depicted short-term uptrend (In blue) was initiated. Bullish fixation above […]
Let’s see what news publications could shake up the FX markets on this Wednesday, January 23rd. The UK CBI Industrial Trends Survey for January opens this agenda at 11 o’clock in the morning. Survey balance slipped in December from November’s level of plus 10 and the downtrend is expected to continue this time around as […]
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 continues trading in a narrow range, the high and low difference measures at only 27 pips. Traded volume is average and the neutral sentiment of […]
UBS Swiss Bank missed analysts’ earnings estimates on Tuesday, sending its stock price below the 200-period simple moving average (MA) on the four-hour chart and straight down to one-week lows. Technically the short-term bias looks neutral to negative according to momentum indicators; the RSI seems to be flattening below its 50-neutral threshold, while the MACD keeps […]
The yen, which is a safe haven currency, unlike other major currencies, remains stable against the dollar, and this trend is likely to continue. It is expected that the Bank of Japan will leave its policy unchanged at a meeting on January 22-23. Overall, monetary policy in Japan will remain very favorable this year. The […]
After losing 40% of its value at the end of 2018, oil managed to be noted as the best start in the last 18 years, quickly flying up to an 8-week maximum amid a reduction in deliveries by OPEC and other producing countries by 1.2 million b / d ending the US and Celestial trade […]
Overview: Pivot point: 0.7112. The AUD/USD pair is set above strong support at the level of 0.7046 which coincides with the 23.6% Fibonacci retracement level. This support has been rejected four times confirming the veracity of the uptrend. Hence, major support is seen at the level of 0.7046, because the trend is still showing strength […]
The dollar was at a level of almost three weeks high on Tuesday, investors are attracted by the relative safety of the US currency after the International Monetary Fund reduced its forecasts for the global economy in 2019 and 2020. However, despite the confident start of the year, there is a reason to believe that […]
Overview: The USD/CHF pair faced resistance at the level of 1.0031, while minor resistance is seen at 0.9987. Support is found at the levels of 0.9884 and 0.9819. Also, it should be noted that a daily pivot point has already set at the level of 0.9939. Equally important, the USD/CHF pair is still moving around […]
Oil futures retreated from a one-and-a-half-month high of 54.50 on Tuesday, touching the 20-simple moving average (SMA) in the 4-hour chart. The very short-term bias looks negative as the MACD keeps losing ground below its red signal line, while the RSI seems to be making its way down to retest its 50-neutral mark. Should bearish […]
While some experts believe that after the failure of the British parliament’s Brexit plan, promoted by Prime Minister Theresa May, the chances for the United Kingdom to leave the European Union significantly increased, others argued that the recent defeat of the head of the government referendum. As for T. May herself, announcing yesterday the further […]
Large-scale graphics: The vector of movement of the dollar since February last year is set by a wave of a bullish trend. In the structure of the wave, the conditions for the final breakthrough (C) are prepared. Medium scale graphics: The descending wave of November 13 took the place of correction in a larger wave […]
The market has been declining since an upward impulse in wave (A) finished. Previously, we had a large zigzag in wave ((W)). Considering there’s a downward five-wave price movement form the last high in wave A, wave (B) is likely going to take the form of a zigzag. If correct, we’re going to have the […]
The euro yesterday continued to decline in tandem with the US dollar after the release of a weak report on producer prices in Germany, which fell sharply at the end of last year. According to the report, the producer price index in Germany in December 2018 fell by 0.4% compared with November, while on an […]
The sterling has been one of the most watched currencies this year. This is because of the ongoing Brexit uncertainty in the United Kingdom. As you recall, Theresa May has been negotiating a Brexit deal with the European Union for the past two years. The deal was supposed to make it easier for the two […]
Hello, you’re watching the Dukascopy Spike Controller, providing you with the benchmark interbank price data for Tuesday. Euro/Dollar’s daily average spread is point 45 pips and maximum separation has been 1.4 pips. The past 24 hours have been bearishly calm as the pair has declined by a total of point 3 percent or 34 pips. […]
The EUR/JPY cross is an important one because of the size of the underlying economies. The combined EU economy is the second largest in the world after the US while Japan is the third largest independent economy after the US and China. This week, investors will focus on the two economies as the respective central […]
Wave counting analysis: On Monday, January 21, bidding ended for the pair EUR / USD by 3 bp, however, the decline in quotations has already resumed within the expected wave 4, c, which takes a very long look. This may lead to the need to make adjustments to current wave marking. A tool reduction below […]
Wave counting analysis: On January 21, the pair GBP / USD rose 20 bps. Estimated wave completed with its construction. If this assumption is true, then the decline in quotations will continue with targets located near the levels of 38.2% and 23.6% Fibonacci. The news background is again on the side of the dollar, since […]
Trend analysis (Fig. 1). On Tuesday, work down with average low target 1.2803 – 21 average EMA (black thin line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis – down; – trend analysis – down; – Bollinger lines – down; […]
Find out how the interbank sentiment compares with the technicals at 8 AM GMT by watching the Dukascopy Trading Signals. Euro/Dollar’s technical studies are mostly pointing lower in both the 1 and 4-hour charts. The daily chart shows mixed signals. Interbank sentiment is neutral at less than 15 percent long. Pound/Dollar has 6 sell prompts […]
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IMF downgrades growth forecasts; stocks feel the pinch May keeps “no-deal Brexit” scenario alive Oil reverses lower amid signs of slowing global economy Risk appetite stays bearish amid heating global growth fears Stocks in Asia had another weak session on Tuesday as pessimism about global growth kept funds away from risky assets, with Chinese equities […]
On the way down, the price may encounter the first goal – the fourth point of the young support line 1.1342 (red thin line). Trend analysis (Fig. 1). On Tuesday, the price will move down. The first lower target 1.1442 is the support line (red thin line), then roll back up is possible. Fig. 1 […]
GBPUSD has found a strong resistance obstacle on the significant psychological level of the two-month high of 1.3000, reached on January 17. However, Cable has been trading within the 1.3000 and the 1.2855 zone over the last week, which is the 23.6% Fibonacci retracement level of the downleg from 1.4375 to 1.2390. The short-term bias looks neutral as the MACD keeps […]
EUR/USD remains weak inside a bearish short-term channel continuing its move towards 1.1320 and the important upward sloping trend line support. Bulls need to react soon and recapture at least 1.14 in order to remain alive. Bears on the other hand want to break below 1.13 in order to confirm that a major top is […]
