Silver has been consolidating since August 15 and has been stuck in a sideways channel. The neutral to bearish picture in the medium term looks to last for a while longer after prices failed to break above the upper channel in the preceding month. Resistance was met at around 14.90 region and significant support at […]
On December 11, the British parliamentarians will have to make a decision that can determine the scenario of the country’s withdrawal from the European Union. The question of whether the Brexit process will be controlled or not is still open. There may be several options for the development of events. 1. If the House of […]
The first news appeared on the OPEC meeting. The Minister of Energy of Saudi Arabia said that while an agreement has not been reached, since not all countries are ready to cut production. All possible solutions are being considered since it is important to agree on participation in a transaction with non-OPEC oil producers. The […]
World food prices in November fell to their lowest level in more than two years, helped by lower prices for vegetable oils, dairy products, and cereals, the UN said. The price index for food and agricultural products (FAO), which measures monthly changes in a basket of cereals, oilseeds, dairy products, meat, and sugar, averaged 160.8 […]
To open long positions on the GBP / USD pair, you need: The situation on the pound has not changed much. On the way, buyers formed a resistance level at 1.2752. Only a breakdown of which will signal a continuation of growth in the area of 1.2798, where I recommend taking profits. In the case […]
The high importance North American employment stats are on the agenda for this Friday, so let’s take a closer look with the Dukascopy Economic Calendar. German Industrial Production stats for October open the day at 7 o’clock in the morning. Production accelerated for the second month in a row in September, but both of the […]
The completion of the Withdrawal Agreement between UK and EU negotiators was meant to signal the end of months of uncertainty, quell fears of a no-deal Brexit, and set the groundwork for talks on future relations. However, Prime Minister Theresa May’s hard-fought deal has come under heavy attack from all sides of the political spectrum […]
USDCHF has been struggling within a narrow range over the last couple of weeks in the very short term with upper band the 1.0000 level and lower band the 0.9910 support barrier. Additionally, the 20- and 40-simple moving averages (SMAs) are ready to post a bearish crossover, while the technical indicators are flattening. The short-term momentum turned to neutral […]
The last time US nonfarm payrolls were released, investors turned more positive that the Fed would raise interest rates at least twice next year as wages recorded their largest increase in 9 ½ -years and employment growth bounced back. This time, the jobs report comes on the heels of a less hawkish Fed, and the data are not expected to be […]
To open long positions on EUR / USD, you need: New serious data is not available, and traders took a pause before important reports from ADP, as well as on the number of people employed outside the agricultural sector. The situation compared with the morning forecast has not changed. Buyers of the European currency can […]
Trading recommendations: According to the 30M time – frame, I found a shakeout in the background. I also found that sellers got trapped amid the breakout of the trading range, which is a sign that buyers are in control. I also found overbought conditions on the stochastic oscillator, which is another sign of the strength. […]
+ On October 30, the GBP/USD pair looked oversold around the lower limit of the H4 channel around 1.2700 where profitable BUY entries were suggested. A quick bullish movement was demonstrated towards the price level of 1.3170-1.3200 where another descending high around the depicted downtrend was established. This initiated the current bearish pullback towards the […]
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. Recent bearish consolidations have been maintained within the depicted daily movement channel since June 2018. On November […]
Canada’s latest employment figures will hit the markets on Friday, at 1330 GMT. Forecasts and gauges of the labor market point to another solid report, which may help the loonie recover some of its latest losses. In the bigger picture though, the direction of oil prices following the OPEC decision later today may prove even […]
Recently, the EUR/USD pair has been trading sideways at the price of 1.1337. According to the M30 time – frame, I found out that price is trapped in the trading range, whic is a sign of indecision. Anyway, on the point and figure chart I found a triangle pattern in progress. Watch for a breakout […]
The dollar and the yen found a reason for growth, it turned out to be the arrest of top managers of the Chinese technology giant Huawei in Canada. This caused new concerns about the trade war between the United States and China. Just a day ago, the dollar was under pressure because of concerns about […]
The Canadian dollar has lost its foothold and weakens throughout the market. Paired with the American currency, the Canadian fell to a one-and-a-half year high, testing at the moment which is already at the 34th figure. Moreover, considering the fundamental and technical picture of the USD/CAD pair, it can be assumed that the potential of […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.2741. According to the M15 time – frame, I found out that price is trading above the Ichimoku cloud and above Kijun- sen, Tenkan-sen and pivot (1.2733), which is a sign that buyers are in control. I also found on the point and […]
It’s noon GMT on this Thursday and time for the Dukascopy Midday Snapshot. Euro/Dollar shows limited rate movement of just 32 pips and the pair sees 22% less than typical funds. Neutral sentiment of the traders is just 3% long. Both the passive trading approach and the flat rate movement suggest no major moves in […]
AUD/JPY is currently residing below 82.00 area amid the impulsive bearish pressure which pushed the price lower after a bounce off the 84.00 area with a daily close. AUD has been hurt by some sour data. Thus, AUD has lost in value a lot. Japan is trying to bring back stability to its financial sector […]
Bitcoin is still quite volatile while pushing lower with certain pullbacks in the process. The price has recently formed a Bullish Divergence which might lead to certain bullish pressure. However, the probability will only increase as the price trades firmly above $4,000 and the dynamic level of 200 EMA resistance along with Kumo Cloud resistance […]
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 […]
According to the report of the Federal Reserve System (FRS) of the USA, presented in the Beige Book, the state of the American economy is not critical, but shows clear signs of a slowdown. This is another negative signal for the markets, experts emphasize. According to the Fed, the growth of the US economy remains, […]
Do you want to look like your being active without actually being active? Yeah, me too. Then you need an e-bike, looks like a regular bike, but you just sit there and sell the world a lie. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#264018 Смотрите Dukascopy […]
In celebration of four consecutive years of successful business presence in Thailand, XM hosted the annual gala in Bangkok on 1st December, a festive event organized to honour our strong bonds we have developed with our Thai clients throughout the years. The gala evening, which took place at Centara Grand & Bangkok Convention Centre at […]
Microsoft stock price moved lower on Tuesday, hitting the 50-day simple moving average, after finding resistance on the 112.90 hurdle. Looking at the momentum indicators, the RSI is edging lower, slightly above its neutral threshold of 50, while the stochastic is falling and created a bearish crossover within the %K and %D lines in the […]
USD/CAD has been non-volatile and impulsive amid the bullish pressure, leading the price above 1.3350 with a daily close. Ahead of a widely expected rate hike by the Federal Reserve, Powell’s speech, and NFP this week, USD has been dominating CAD consistently which may lead to certain bearish intervention in the coming days. Despite some […]
Overview: The EUR/USD pair fell from the level of 1.1338 towards 1.1265. Now, the price is set at 1.1330. The resistance is seen at the level of 1.1338 and 1.1390. Moreover, the price area of 1.1390/1.1338 remains a significant resistance zone. Therefore, there is a possibility that the EUR/USD pair will move downside and the […]
AUD/USD has been impulsive amid the bearish pressure which is leading the price towards 0.7150 support area. AUD has been hurt by recent economic reports. On the other hand, USD finds suport from the strong likelihood of a rate hike by the Federal Reserve. As a result, the pair has gain impulsive bearish momentum. Yesterday […]
Large scale graphics: Since February of this year, the wave of the main trend is moving down. However, the recoil less potential of the movement has been exhausted. From powerful support towards the opposite structure is formed, there’s at least a correction. Medium scale graphics: A month ago, the bear wave started actively. The high […]
