After reaching the maximum values recorded for the first time since mid-June, the course of the yellow precious metal is stuck in a limited range. The gold rally stalled on the outskirts of the mark at $ 1,300. “The longer the bulls remain idle, the more active the talk that the XAU / USD pair […]
Since Mid-November, Successive Lower Highs were demonstrated around the price levels of 1.3060, 1.2920 and 1.2800 maintaining movement within the depicted H4 bearish channel (The Blue one). Shortly after, a quick bearish decline was demonstrated towards the price level of 1.2500 where bullish recovery (Bullish Head & Shoulders pattern) could take place on December 12. […]
To open long positions on the GBP / USD pair, you need: As I think you all already know, the British Parliament voted against the Brexit agreement, which was quite expected. Today’s inflation data in the UK, which coincided with the forecasts of economists, also did not allow to determine the future direction of the […]
China will report GDP growth figures for the fourth quarter of 2018 early on Thursday at 0200 GMT, potentially injecting further volatility to the markets as investors search for more convincing clues on how bad the US-Sino trade war can hurt. Forecasts are for a slightly smaller annual expansion of 6.4%, the lowest rate achieved […]
EURJPY has been moving within a sideways channel over the last couple of weeks with upper boundary the 125.05 resistance and lower boundary the 123.40 support. Currently, the price is consolidating below the simple moving averages as well as below the 38.2% Fibonacci retracement level of the downward movement from 133.10 to 118.57. According to the technical […]
In February 2019, XM embarks on a further seminar tour across Malaysia to provide free forex trading education for beginner and advanced online investors who have the eagerness to learn from the best and the desire to develop their trading skills for the sake of better results. The first three stops of the seminar series […]
Since June 2018, the EUR/USD pair has been moving sideways with a slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel. On November 13, the EUR/USD pair demonstrated recent bullish recovery around 1.1220-1.1250 where the lower border of the channel as well as the depicted demand zone came to […]
Last year, US stocks had a difficult year with the main indices ending the year in bear territory. Technology stocks such as Apple declined sharply as investors started to worry about their growth prospects for the year. Apple was particularly hurt as investors worried about its growth at a time when the demand for its […]
The world is currently facing tremendous risks. In the United States, the government has been shut down for almost a month. In Europe, populism is rising with countries like France and Germany being casualties. The emerging markets too are not at ease. Worse, the global economy is going through a slowdown. Another key issue that […]
Yesterday, British parliamentarians held a vote on a deal that Theresa May negotiated with the European Union. As expected, the members of parliament voted against the deal by a larger margin than had earlier been expected. More than 400 members rejected the deal. This decision presented the country with a major challenge, seven weeks before […]
On June 26th, 2016, the United Kingdom went to the voting booth to decide on the future of the country. Before the vote, the consensus among close watchers was that the voters would vote to remain in the European Union. When the final vote was tallied, it showed that most of the voters were opposed […]
It’s time for the midday snapshot, where we assess the performance of the traders until 12pm GMT this Wednesday. Euro/Dollar declined by 47 pips after 9 AM to post a loss of point 31 percent at noon. Traded volume is average and neutral sentiment of the traders is at an even balance. Late decline has […]
Large-scale graph: On the graph of the cross-over pair since September of the year, the trend is downward before last one. The price has reached a strong support. Medium-scale graph: The bearish stretch of November 30 completes the trend wave of a larger scale. The potential of oncoming traffic allows us to expect at least […]
Overview: The EUR/USD pair opened below the weekly pivot point (1.1440). It continued to move downwards from the level of 1.1440 to the bottom around 1.1378. Today, the first resistance level is seen at 1.1471 followed by 1.1516, while daily support 1 is seen at 1.1371. Furthermore, the moving average (100) starts signaling a downward […]
Overview: Pivot point : 0.9879. The USD/CHF pair continues to move upwards from the level of 0.9845. Yesterday, the pair rose from the level of 0.9845 to a top around 0.9879. Today, the first resistance level is seen at 0.9925 followed by 0.9965 , while daily support 1 is seen at 0.9845 (61.8% Fibonacci retracement). […]
Wave counting analysis: On Tuesday, January 15, trading the EUR/USD pair ended with a decrease of 60 basis points. Thus, the current uptrend of the trend beginning on November 12, may take a more ambiguous and complex look, and although the whole wave may take the form of a diagonal triangle, such a strong instrument […]
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 34 pips and peak separation has been 2.2 pips. The pair dropped yesterday by a total of point 64 percent or 73 pips to […]
Bank of America stock price has had one of the best trading sessions over the last three consecutive weeks, following the pullback on the 19-month trough of 22.62. The price touched the 26.75, a one-month high, and the upper Bollinger Band in Tuesday’s trading period. The technical indicators are still located in bullish area in the daily chart, with the RSI […]
Sterling recovers despite May’s Brexit defeat; no-confidence vote due today Euro inches down as ECB’s Draghi adopts an increasingly cautious bias Risk appetite stays firm; NAHB housing index today may be crucial Pound rebounds even as May suffers major defeat; no-confidence vote called British lawmakers overwhelmingly voted against PM May’s Brexit deal yesterday, with 432 […]
Large scale graphics: At the end of the downtrend since the beginning of September last year, a bullish wave pattern has been formed, which has a reversal potential. The wave has the wrong appearance of its structure. From the end of October, the middle part of the wave (B) is formed. Medium scale graphics: From […]
To open long positions on GBP/USD you need: The British pound regained its position after yesterday’s decline. The British Parliament voted against the Brexit agreement, which was quite expected and did not lead to significant changes in the market. Purchases of GBP/uSD today can be seen after the formation of a false breakdown in the […]
To open long positions on EURUSD you need: The euro fell yesterday against the backdrop of statements by European Central Bank President Mario Draghi about the need to further stimulate the eurozone economy. Today, it is possible to take a closer look at euro purchases when a false breakout is formed at the level of […]
Good morning, traders, you’re watching the Dukascopy Daily Trading Signals for Wednesday. Euro/Dollar’s hourly studies show mixed results. The technical outlook is bearish in the mid-term and 5 studies are neutral in the daily range. Interbank sentiment is bullish at 31 percent long. Pound/Dollar’s short and mid term charts bring 5 and 4 neutrals respectively. […]
Trend analysis (Fig. 1). On Wednesday, work upwards with the first upper target of 1.2931 – upper fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – down; – trend analysis – up; – Bollinger lines – up; – weekly […]
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 […]
Morning Report: 07.00 London It has been a volatile 24 hours for the British pound, with the last night’s Brexit vote culminating in a larger defeat than expected for Theresa May’s proposal and the prospect of a no confidence vote. Markets have taken a positive interpretation on this, that the government will have to take […]
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 […]
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We would like to inform you that due to Martin Luther King Jr. Day and Australia Day, both of which take place in January, the trading hours of various instruments will be affected on 21 and 28 January 2019. Please view the tables below to see which instruments will be affected and how: Instrument 21/01 […]
AUDUSD is continuing its slightly upside tendency following the rebound on the decade low of 0.6746, recording a one-month high of 0.7235. The price has successfully surpassed the 20- and 40-simple moving averages (SMAs) confirming another possible upside wave in the market. The short-term bias looks positive as the MACD keeps gaining ground above its […]
