Wave counting analysis: In the course of trading on Tuesday, the EUR / USD currency pair lost another 40 percentage points more and broke through the low of the previous downward wave. Thus, the entire wave counting has suffered some refinement. The trend segment between August 15 and September 24 is now viewed as a […]
Tesco shares fell by more than 8% after first-half adjusted operating profit fell short of estimates and profit in Asia declined by 29%. Eric Moore, income fund manager at Miton Group, says the weakness in Asia has the potential to ‘make a mess of the numbers’. He says Booker’s performance has been ‘tremendous’, while the […]
EURJPY edges lower over the last couple of hours, sliding below the 20- and 40-simple moving averages’ (SMAs) bearish crossover. The upside momentum appears to have run out of steam as prices have been attempting and failing to close above the 133.10 high in the previous days. The negative bias is further supported by the […]
4-hour timeframe Technical data: The senior channel of linear regression: direction – sideways. The younger linear regression channel: direction – up. Moving average (20; smoothed) – down. CCI: -49.0092 The EUR / USD currency pair began the long-awaited correction at the Asian trading session on Wednesday, October 3. Yesterday’s speech by Fed Chairman Jerome Powell, […]
4-hour timeframe Technical data: The senior channel of linear regression: direction – sideways. The younger linear regression channel: direction – up. Moving average (20; smoothed) – down. CCI: -78.4459 The currency pair GBP / USD on the night of October 3 made an attempt to start an upward correction. This is signaled by one closed […]
Fed Chairman Jerome Powell, speaking at the National Association of Business Economics, confirmed the Fed’s policy of gradually increasing interest rates. Powell’s confidence is based on some long-term trends that previously in the past fairly accurately reflected the relationship between Fed policy and the real state of the economy. In particular, Powell noted that unemployment […]
On Tuesday, the foreign exchange market did not demonstrate an unambiguous dynamics. As before, the influence of multidirectional forces both supports and exerts pressure on the US dollar rate. On the whole, the dollar remains in favor in the wake of the apparent divergence of the interest rate differential between the Fed and all central […]
GOLD PRICES slipped back from yesterday’s 1.6% short-covering jump on Wednesday, dropping as the Dollar rallied following stronger-than-expected US jobs data. Spot gold retreated $7.50 per ounce to near $1200 yet again after the private-sector ADP estimate said US payrolls expanded by 230,000 in September, almost 25% ahead of Wall Street’s consensus. The gold price […]
Dear colleagues. For the currency pair Euro / Dollar, to the level of 1.1605, we expect the registration of the expressed initial conditions for the top. For the Pound / Dollar currency pair, the downward movement is possible after the breakdown of 1.2953 and the level of 1.3055 is the key support. The pair Dollar […]
It’s time for the Dukascopy Economic Calendar, where we take a look at the potential market movers scheduled for publication on Thursday the 4th of October. We start in the US in this calendar with Jobless claims for September at 12-30 PM GMT. The previous report showed an unexpected rise at 214 thousand and forecast […]
The US 30 index (Dow Jones Industrial Average) hit a fresh all-time high of 26,900.50 in pre-market trading on Wednesday, while it is currently in proximity to this peak. Adding to the conviction for a bullish bias are the positively-aligned Tenkan- and Kijun-sen lines and the RSI which is heading higher. Notice though that 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 (recent bearish engulfing weekly candlestick). Recently, the price level of 1.1500 offered temporary bullish recovery. Another bullish movement was demonstrated towards the upper limit of the price range (1.1750). However, the […]
On September 13, the depicted daily downtrend line which came to meet the pair around 1.3025-1.3090 failed to offer enough bearish pressure on the pair. Since then, the GBP/USD pair has been demonstrating a successful bullish breakout so far. However, on H4 chart, the market failed to maintain its uptrend within the depicted bullish channel […]
To open long positions for EUR / USD pair, you need: To maintain the upward trend in the European currency, buyers need to stay above the support level of 1.1572. The formation of a false breakout on it will be a signal to open new long positions in order to update the resistance levels of […]
It’s time for the midday snapshot where we assess the performance of traders until 12PM GMT this Wednesday. First up we have the EUR/USD where the biggest move was a gain of 58 pips, however a subsequent drop of leaves the pair point 02% in the red at midday. Trading has been fairly calm and […]
Here are the latest developments in global markets: FOREX: The common currency crawled up on Wednesday from six-week lows on news that the final version of Italy’s budget deficit could be less worse than originally reported. Government sources signalled possible reductions to the deficit targets in 2020, 2021, according to reports. Earlier today, retail sales in the Euro area dropped by 0.2% m/m […]
AUDUSD has come under renewed selling pressure, falling back below the 20- and 40-simple moving averages (SMAs) in the daily timeframe, following the pullback on the 0.7300 resistance level. The technical indicators are suggesting that further declines may be on cards in the short-term. The RSI is below its neutral 50 line, detecting negative momentum, and […]
GBP / USD pair On Tuesday, the British pound fell by 59 points under pressure from a stronger dollar and a decline in the UK business activity in the construction sector from 52.9 to 52.1 in September. Support for the balance line on a daily scale was strong enough, the pound could not radically shift […]
Overview: Pivot: 0.7267 The AUD/USD pair will be probably continue to climp from the level of 0.7233 in the long term. It should be noted that the support is established at the level of 0.7233 which represents the 50% Fibonacci retracement level on the H4 chart. The price is likely to form a double bottom […]
Overview: The USD/CHF pair continues to move upwards from the level of 0.9809. Yesterday, the pair rose from the level of 0.9809 to a top around 0.9865. Today, the first resistance level is seen at 0.9865 followed by 0.9922, while daily support 1 is seen at 0.9743 (61.8% Fibonacci retracement). According to the previous events, […]
EUR/JPY has been quite volatile amid the nearish bias recently after consistent bullish momentum in the pair since it bounced off the 125.50 area on August. EUR has been the dominant currency in the pair, whereas JPY is to blame for further weakness against the EUR. This week, despite fresh worse-than-expected economic data from Japan, […]
Hello, traders Its Wednesday and time for the Dukascopy Spike Controller. Let’s get started with the Euro-Dollar pair. It has a daily average spread of point 31 pips and a maximum spread of 1.4 pips. this pair has gained 86 pips or point 75%. A few data releases including the Final Euro Zone Services PMI […]
Recently, the USD/CAD pair has been trading sideways at the price of 1.2835. According to the M30 time – frame, I found that potential a bearish flag in creation. My advice is to watch for a potential bearish breakout of the lower diagonal to confirm further downward continuation. Take profit level is set at the […]
Trend following is the foundation of trading or investing in the financial market. This is because the goal of any trader is to buy a financial security that is reasonably priced and then riding the upward trend. Similarly, the trader could sell a security and wait for its price to drop. The trend is a […]
In the past few weeks, the USD/CAD pair has been very volatile because of the ongoing trade negotiations. As you recall, a few weeks ago, the United States made a deal with Mexico. The deal was very surprising because of the tensions between the US president and Mexico. The president has blamed Mexico for stealing […]
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2965. Anyway, according to the H4 time – frame, I found that price rejected from the key support upward trendline at the price of 1.2945, which is a sign that selling looks risky. The overall trend is bullish and my advice […]
Trading recommendations: According to the H1time – frame, I found that Bitcoin has been trading downwards. As I expected, the price tested the level of $6.361. I found the breakout of the bearish flag and fnished upward correction (abc flat) in the background. My advice is to watch for selling opportunities. The downward targets are […]
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 […]
good morning traders lets start the day with the Dukascopy daily trading signals. Let’s get the ball rolling the Euro-Dollar pair which has 6 and neutral indicators in the short and mid-term charts but the daily scale is bearish with 7 sell signals. the interbank sentiment for this pair is bearish at slightly over 15% […]
Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – is lower by 0.20% on Wednesday. This is owed mainly to a recovery in the currency with the heaviest weight in this index, the euro, which bounced overnight following news […]
