In Asia, Japan will release the Trade Balance and the US will publish some economic data such as Federal Funds Rate, Crude Oil Inventories, and Existing Home Sales. So there is a probability that the USD/JPY pair will move with a medium to a high volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.00. […]
AUD/CHF is testing its support at 0.7118 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7163 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur. AUD/CHF is testing its support where we […]
“Fear has big eyes”: something like this can be said about the situation on the foreign exchange market on the eve of the last Federal Reserve meeting this year. The dollar index dives down, showing the weak position of greenback against a basket of major currencies, and the yield of 10-year treasuries fell to 2.83%, […]
4-hour timeframe The amplitude of the last 5 days (high-low): 158p – 195p – 77p – 137p – 79p. Average amplitude for the last 5 days: 129p (164p). Following the Conservative Party of Great Britain, a vote of no confidence in Theresa May can be made by the Labour Party. That’s what Jeremy Corbyn, her […]
4-hour timeframe The amplitude of the last 5 days (high-low): 94p – 72p – 62p – 95p – 60p. Average amplitude for the last 5 days: 77p (83p). The EUR/USD currency pair on Tuesday, December 18, quite expectedly continued its upward movement within the side border with inaccurate boundaries, the upper of which lies near […]
According to the International Monetary Fund (IMF), the global debt has achieved $184 trillion with $86,000 per person, a figure that is twice larger than the global average income per-capita. Out of the $184 trillion, The Balance reported that $21 trillion comes from the U.S., making up for around 11.4 percent of the global debt. […]
A raft economic data are due out of the UK this week ahead of a Bank of England policy decision. Inflation and retail sales figures will be released at 09:30 GMT on Wednesday and Thursday, respectively, to be followed by the BoE announcement at 12:00 GMT on Thursday. But with the UK Parliament in deadlock […]
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress. On the Daily chart, the pair has been moving sideways with slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel since June 2018. On November […]
Since Mid-November, Successive Lower Highs were demonstrated below the depicted H4 downtrend line around the price levels of 1.2870 and 1.2780. Shortly after, a quick decline was demonstrated towards the price level of 1.2500 before bullish recovery could take place on December 12. A bullish Head & Shoulders pattern is being demonstrated on the H4 […]
Trading recommendations: According to the H1 time – frame, I found that BTC reached my yesterday’s target at $3.543 but it found sellers there at Fibonaci expansion 100%. I also found the breakout of the intraday support trendline, which indicates that sellers are in control today. My advice is to watch for intraday selling opportunities. […]
WTI broke through the support level 50.00 Further losses are likely WTI today broke through the powerful round support level 50.00 (which has been steadily reversing the price from October of 2017 – as can be seen below). The breakout of the support level 50.00 accelerated the active medium-term impulse wave (3) – which belongs […]
• GBPNZD reversed from resistance area • Further losses are likely GBPNZD recently reversed down from the resistance area lying between the pivotal resistance level 1.8600 (former strong support from January and November) and the 50% Fibonacci correction of the previous sharp downward impulse 1. The downward reversal from this resistance area created the daily […]
Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.1400. According to the H4 time – frame, I have found the breakout of the resistance trendline and the breakout of the 20-hours balance to the upside, which is a sign that buyers are in control. I also […]
To open long positions on EURUSD you need: Tomorrow’s interest rate decision and Christmas all bring more uncertainty to the markets. Data is ignored, and the direction becomes unpredictable. Today I recommend to make purchases on a false breakout in the area of 1.1332, and it is better to rebound from the low of 1.1311. […]
Breaking forecast 12/18/2018 EURUSD: We are preparing a breakthrough and movement. The main news of the week – on Wednesday – the Fed decision on rates and the Fed forecast on the economy. The market fluctuates in ranges. The range for the euro: 1.1265 – 1.1400. We are ready to buy the euro from 1.1400, […]
In the past two months, the global financial markets have been volatile as ever. It is not uncommon these days for the Dow to have triple-digit moves within a day. For example,yesterday, the Dow shed more than 400 points when the markets opened, then pared the losses, and then ended the day lower by more […]
The US 500 index had a bearish start on Monday, with the price breaking a crucial support at 2600 to drop towards a 14-month low of 2529.80 and taking its year-to-date losses to 4.7%. The price has also increased distance below its negatively sloped moving average lines and the ascending trend line, which had been holding since […]
Recently, Gold has been trading upwards. The price tested the level of $1,249.00. According to the H4 time – frame, I found that there is the breakout of the bullish flag pattern (bullish), which is a sign that buyers are in control. I also found the successful rejection of the support (lower diagonal of the […]
Although inflation in Europe slowed from 2.2% to 1.9%, while waiting for a decline of only 2.0%, which showed a preliminary estimate, the single European currency could even strengthen. This is largely due to concerns about the upcoming meeting of the Federal Commission on Open Market Operations, the results of which will be announced tomorrow […]
Overview: The USD/CHF pair continue to trade upwards from the level of 0.9951 on the H4 chart. Today, the first support level is currently seen at 0.9951, the price is moving in a bullish channel now. There are no changes in our technical outlook. The bias remains bullish in the nearest term testing 1.0142 or […]
Brexit’s topic has left the front pages of European and British publications, but the foreign exchange market closely monitors the development of events on this issue. After a series of unsuccessful attempts to find a compromise, the parties dispersed “at the corners of the ring”, apparently – until the middle of January next year. Nevertheless, […]
Over the past 24 hours, Bitcoin adds more than 8% and trades around $3,500, showing the strongest rebound in the latest 3 weeks. Along with the growth of the BTC price, trading volumes are also growing, which confirms the serious mood of buyers. Together with the benchmark cryptocurrency, as always, the entire altcoin market has […]
Overview: The AUD/USD pair continues to trade upwards from the level of 0.7185. The pair rose from the level of 0.7185 to a top around 0.7299 but it rebounded to set around the spot of 0.7212 and 0.7249 . Today, the first resistance level is seen at 0.7299 followed by 0.7352, while daily support 1 […]
The Fed will announce its policy decision on Wednesday, at 1900 GMT. Markets seem positioned for a “dovish hike”, where the Fed raises rates but lowers its rate-path forecasts and strikes a cautious tone. However, considering just how dovish market pricing for 2019 is, the risks surrounding the dollar seem to be asymmetric, and skewed […]
Canadian inflation figures will hit the markets on Wednesday at 1330 GMT as well as retail sales and GDP numbers that are scheduled to be released on Friday at 1330 GMT. On December 5, the Bank of Canada (BOC) left its benchmark interest rate unchanged at 1.75%, after raising it by 25bps in the preceding meeting as was widely expected. It remained […]
Large-scale graph: Price fluctuations of the cross from April are consistent with the algorithm of the last ascending wave. The formed standard plane has entered the final phase. Medium-scale graph: The rising wave of November 13 gave rise to the final part of the model senior timeframe. A large scale resistance zone has been reached […]
To open long positions on the GBP / USD pair, you need: News that British Prime Minister Theresa May postponed the Brexit vote the following year did not hurt much the pound, which regained its position yesterday against the US dollar. To continue the upward trend, buyers need a breakthrough and consolidation above the resistance […]
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 daily average spread is point 32 pips and maximum separation has been 1.2 pips. The pair has gained point 49 percent or 55 pips to hit the daily high at 1 […]
The Dukascopy TV Team is back with a busy economic calendar for Wednesday, 19th of December. A couple of November reports regarding the UK economy open this agenda at 9:30 in the morning, including the high importance Consumer Price Index. The overall inflation was unchanged in October at an annual rate of 2.4 percent. Producer […]
The morning session is over on this Tuesday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar peaked just pips above the 1 14 level after gaining a total of 66 pips. Traded volume is high and neutral sentiment of the traders is leaning towards the short side by 6 percent. Rise has provided solid […]
