4-hour timeframe Technical data: The senior linear regression channel: direction – down. The younger linear regression channel: direction – up. Moving average (20; smoothed) – down. CCI: -102.0403 The British pound sterling also continues to fall in price, and interesting news continues to come from the UK. First, an anonymous source from the Conservative Party […]
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: -109.4216 The currency pair EUR / USD on Tuesday, October 2, continues the downward movement as if nothing had happened. Yesterday was not remarkable in terms of […]
The conclusion of a new USMCA trade agreement between the United States and Canada has noticeably reduced tensions on world markets, since one uncertainty factor has decreased, and many investors have interpreted this news as a likely model for reaching agreements between the States and China. The foreign exchange market reacted to this news with […]
GOLD PRICES rose against all major currencies but leapt versus the Euro on Tuesday as the coalition government in Italy refused to cut its 2019 budget deficit plans in defiance of senior European Union figures. Gold priced in US Dollars rose to 1-week highs above $1202 per ounce, and the UK gold price in […]
Gold prices have consolidating within a sideways channel since August 17, with upper boundary the 1212.50 resistance level and lower boundary the 1180.60 support barrier. It is worth mentioning that the price jumped above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart with strong movement. The RSI indicator is moving north above […]
It’s time for the midday snapshot where we assess the performance of traders until 12PM GMT this Tuesday. First up we look at the EUR/USD where a drop of 75 pips sees the pair point 41% in the red at midday. Trading has been active with 42% more than typical funds and sentiment is neutral. […]
Here are the latest developments in global markets: FOREX: The US dollar index was trading bullish on Tuesday (+0.35%), posting 1-month highs at 95.70, while dollar/yen weakened to 113.76 (-0.15%) after an impressive rally towards the more than a 10-month high of 114.06 on Monday. The Canadian dollar, which surged to four-month highs yesterday in the wake […]
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 […]
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and 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 […]
West Texas Intermediate (WTI) futures advanced to a fresh four-year high earlier today, reaching the 75.88 resistance level. However, price action is at the moment taking place below this peak, losing its strong positive momentum. The MACD oscillator is flattening in the bullish area, while the RSI indicator is sloping downwards in the overbought zone, suggesting an overstretched bias. If […]
Trading recommendations: According to the H1 time – frame, I found that price broke intraday upward trendline in the background, which is a sign that sellers are in control. I also found potential ending of the upward correction (abc zig-zag), which is another sign of weakness. I expect lower price and potential testing of $6.294 […]
Overview: The GBP/USD pair dropped sharply from the level of 1.3056 towards 1.2950. Now, the price is set at 1.2959. On the H4 chart, the resistance is seen at the levels of 1.3056 and 1.3176. Volatility is very high for that the GBP/USD pair is still expected to be moving between 1.3000 and 1.2811 in […]
It’s time for the Dukascopy spike controller the place where you can check the fairness of your broker. Euro-Dollar has a daily average spread of point 28pips and a maximum spread of 1.3 pips. the pair has fallen by 1% or 1.20 pips. But the most you should have been charged is 1.3 pips. The […]
Overview: As expected, the EUR/USD pair continues to move downwards from the zone of 1.1620 and 1.1559. Yesterday, the pair dropped from the level of 1.1620 to 1.1500 which coincides with a ratio of 38.2% Fibonacci on the daily chart. Today, resistance is seen at the levels of 1.1559 and 1.1620. So, we expect the […]
Recently, Gold has been trading upwards. The price tested the level of $1,194.00. According to the H1 time – frame, I found a potential end of the larger downward correction (regular flat), which is a sign that buying positions are favorable. I also found the breakout of the supply trendline in the background, which is […]
Recently, the AUD/USD has been trading downwards. The price tested the level of 0.7171. According to the H1 time – frame, I found the end of the upward correction (irregular type 2) in the background, which is a sign that sellers are in control. I also found the breakout of the key support trendline in […]
The Euro is lower across the board and it attracts risk aversion, because problems with the budget of Italy attract attention, especially with comments that Italy would be better with its own currency. Until investors find a better topic for discussion, we may have to wait for a temporary period of turbulence. The buzz around […]
Good morning traders its Tuesday the 2nd of October and its time for the daily trading signals brought to you by the Dukascopy TV Team. Let’s get things started with the Euro-Dollar pair which has red across the table. We have 4 sell signals in the short term 7 in the mid-term and 6 in […]
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 […]
During the 2016 election campaign, Donald Trump talked about many things. Most importantly, he talked about immigration and trade. On trade, he derided large trade agreements as being detrimental to the United States. He promised to end the Trans Pacific Partnership on his first day on the job. He did. He then talked about the […]
The Reserve Bank of Australia (RBA) released the monetary policy statement today. As expected, the bank left interest rates unchanged at 1.50% and signalled that the low interest policy will remain for the foreseeable future. All the 25 economists polled by Bloomberg said that they expected the rates to remain unchanged. The last time the […]
In the third quarter, the markets around the world were mixed. This was because of the vast amount of news and data that came through during the quarter. In the United States, the DOW, Nasdaq, and the S&P gained by 9.4%, 9%, and 7.5% respectively. In Europe, the DAX, and the Stoxx gained by 1%, […]
Here are the latest developments in global markets: FOREX: The dollar is up by 0.23% against a basket of six major currencies on Tuesday, looking set to post gains for the fifth session in a row. The loonie was an outperformer, with news that the US and Canada reached a new NAFTA accord lifting the risk […]
The session in Asia was unchanged with the help of a holiday in China and India. The RBA’s decision did not bring any surprises. In general, the dollar is strengthening against pressure on risky currencies due to disturbing comments from Italy. Just before the start of trading in Europe, the sale of risk currencies is […]
The Prime Minister of Malta, Joseph Muscat, used his opportunity to speak at the UN to comment on the potential of Blockchain and cryptocurrencies, calling them an unavoidable part of the digital future.In a speech during a general debate at the 73rd session of the UN General Assembly, Muscat raised the subject of the Malta […]
Gold price made a higher low yesterday relative to the $1,180 low made last week. Price is now challenging the short-term bearish channel upper boundary. Breaking above $1,195 would be a bullish sign. However, bulls have lots of work to do as price remains inside the long-term bearish channel. Red lines – short-term bearish channel […]
EUR/USD has made new lows as expected. Price has reached near 1.15 and there is still some chances we see a move below 1.15. However, it is still too early to open short positions. Red line – major resistance Orange dots – medium strength resistance Black dots – maximum strength support EUR/USD is approaching the […]
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 […]
Last week, the market was dominated by the US political news, the Federal Reserve, and the United Nations General Assembly meeting. This week will be dominated by the following. US Politics US politics will continue to dominate the market. This is mostly because the voters will go to the voting booth within a month’s time. […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Binary_com – Daily financial news – 02.10.2018 Related Posts:Market Comment – […]
