EURNZD created a strong negative rally over the last two months, after the pullback on the three-year high of 1.7925. Looking at the very short-term, the price has been moving higher since yesterday finding support on the 14-month low of 1.6330. However, the technical indicators are hovering in the bearish zone. The RSI is sloping marginally up below the neutral threshold of […]
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European stocks rebounded from the worst day in more than two years and Asian shares posted modest gains as investors sought to end a bruising week on a more upbeat note. Signs of stress remained, however, as U.S. equity futures declined and Treasuries rose. The Stoxx Europe 600 Index, which on Thursday dropped the most […]
OPEC prepared for a further day of talks on oil-production curbs after a summit on Thursday ended with no deal, as Russia resisted the big output cut that Saudi Arabia was demanding. After six-hour meeting in Vienna, Saudi Energy Minister Khalid Al-Falih said he wasn’t confident of an agreement when the Organization of Petroleum Exporting […]
The US 30 index remains on the back foot, having crossed back below its 50- and 200-day simple moving averages (SMAs) in recent sessions. The price structure of lower highs on the daily chart suggests the bias is negative at the moment, but not clearly so, as the SMAs are converging; an indication the longer-term […]
Such a feeling that market participants looked only at ADP data on employment yesterday, which actually turned out to be worse than forecast and made far-reaching conclusions regarding the content of the report of the Ministry of Labor published today. The fact is that employment increased by 179 thousand while the forecast was 195 thousand, […]
Dukascopy TV Team is back with the Spike Controller, so you could make sure your broker is staying honest on this week’s final trading day. Euro/Dollar’s daily average spread is point 41 pips and peak separation has been 1.2 pips. The pair jumped yesterday, gaining point 79% or 90 pips to rise above the 1 […]
Brexit’s Big Day of Reckoning… After what seems like a never-ending saga of back and forth and negotiations with the European Union, the big day of reckoning looms at the front of traders’ and investors’ minds alike next week. On Tuesday December 11th, British Prime Minister Theresa May will hope to get her Brexit deal […]
GBPJPY has declined considerably after touching a two-month high of 149.50 at the beginning of November. In the short-term the price seems to be negative, while in the daily chart the pair remains in a sideways channel over the last three months with upper boundary the 149.50 resistance and lower boundary the 142.80 support. Technically, the RSI indicator is […]
The Australian dollar is actively cheaper for the fourth day in a row, having lost more than 150 points. Optimism about a possible truce between China and the United States has been replaced by pessimism about the growth of the Australian economy. The latest data on the growth of the country’s GDP disappointed traders , […]
According to the US Department of Energy, for the first time in 75 years, the country has acquired the status of net exporter of oil and oil products. Recall that a net exporter is called a state where more products, goods and services are exported abroad than it enters the country. In the United States, […]
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US dollar edges up from lows as risk sentiment improves, but expectations that the Fed could soon pause its rate hike cycle limit gains US Treasury yields fall sharply on Wall Street Journal report that Fed is considering “wait-and-see” approach Pound steady despite May pondering whether to delay Brexit vote Oil under pressure again as […]
CADJPY completed a five-month low of 83.55 on Thursday and had a significant bearish rally in the preceding three days. The strong bearish sentiment has pushed the price to penetrate the long-term ascending trend line to the downside, shifting the positive outlook to a more negative one. Despite the latest pullback on price today, the technical indicators […]
Wave counting analysis: During the bidding on December 6, the GBP / USD pair added 50 bp, but remains within the framework of the construction of the proposed wave a of the new corrective set of waves. Wave and can complete its construction at any time. On December 11, a vote will be held in […]
Wave counting analysis: In the course of trading on Thursday, the EUR / USD pair gained several dozen points and thus remained within the framework of the construction of the proposed wave from the corrective trend section. The wave takes a very complex and unusual look. This is due to the expectation of a market […]
Gold price has made a new higher high yesterday but price is still stuck around the 38% Fibonacci retracement level. Price is challenging the short-term bullish channel. Trend remains bullish but a break below $1,220 would bring bears back in the game. Purple lines – bullish channel Green line – major trend line support Blue […]
EUR/USD continues to trade near the upper triangle boundary resistance at 1.1380-1.14. Short-term trend remains neutral as long as price remains inside the triangle pattern. Red lines – triangle pattern EUR/USD has resistance at 1.1380-1.14 and support at 1.12 on a daily chart. Shorter-term support is found at 1.1310. If this level is broken, we […]
Risk Warning: 69.39% 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 […]
Hello, traders, you’re watching this week’s final edition of the Dukascopy Daily Trading Signals. Euro/dollar’s hourly indicators show mixed results, but both the mid and long term technicals are mostly neutral. Interbank sentiment is neutral, matching the mid and long term technicals. Pound/Dollar shows a similar outlook. Hourly scale is mixed, but both the mid […]
Risk Warning: 69.39% 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 […]
USDCAD pierced a key resistance around 1.3385 on Thursday and spiked to a 1 ½-year high of 1.3443, deviating further above its moving averages which are positively sloped, a sign that the uptrend could continue. Momentum indicators are also in bullish territory, with the MACD crossing above its red signal line and the RSI fluctuating […]
Trading Plan 12/07/2018. The big picture: There is no clarity with the direction yet. Important news about the USA has been released – Fed Report “Beige Book” and ADP Employment Report for November. But so far the market has not received directions. Ahead, of course,- the vote of the EU-Britain agreement in the British Parliament […]
Large scale graphics: This year, the main vector of the price movement of gold sets the downward trend. The wave is not complete. In the recent months, the oncoming wave of correction has been developing in its framework. The estimated completion area is in the potential large-scale reversal zone. Forecast and recommendations: In the coming […]
Burning forecast 07.12.2018 EURUSD: Looking forward to breaking the range. Important news on the US — the Beige Book Fed Report and ADP Employment Report failed to give the market a momentum of sufficient strength to get out of range. Today, December 7, the Nonfarm payrolls report. We are waiting for the breakthrough of the […]
To open long positions on GBP/USD, it is required: The formation of a false breakout in the area of 1.2752, subject to the correction of the pair in the first half of the day, will be a signal to buy the pound, but the main task is to break through and consolidate above the resistance […]
To open long positions on EURUSD you need: All the attention of traders today will be focused on data on the GDP of the eurozone and the US labor market. The direction of the market will depend on them. For purchases, it is required to form a false breakout in the area of 1.1360, with […]
Morning Report: 07.00 London This morning, the dollar index has a positive bias ahead of today’s Non Farm Payrolls. The AUD/USD is dropping for its fifth straight day as investors weight up contagion from the Chinese economy and poor domestic economic data. The EUR/USD and GBP/USD are on the back foot, erasing a small part […]
EUR/USD Thursday, technically and ideologically, became a tipping point in market sentiment regarding Brexit. Pending the adoption by the British Parliament of the “May Project”, the dollar weakened visibly relative to major world currencies. Since Brexit is also important for Europe, the euro added 31 points. The growth is small, but it occurred at high […]
USD/JPY Yesterday, the Japanese yen lost 51 points amid the mixed closing of US stock indices (S&P 500 -0.15%, Nasdaq +0.42%). But today there is growth in all Asian markets; Nikkei 225 0.59%, China A50 0.15%, ID Composite 0.33%. Technically, the price is currently slightly higher than the opening level of the environment, which can […]
