To open long positions for GBP/USD, it is required: It is best to consider long positions in the GBP/USD pair today in the first half of the day after the formation of a false breakout in the support area of 1.3126 or on a rebound from the larger lows of 1.3074 and 1.3026. Much will […]
The growth of the oil market, the resumption of negotiations on NAFTA, successful talks between South Korea and North Korea, the changed rhetoric of Trump and, finally, the hawkish position of the Bank of Canada – all these fundamental factors led to the downward impulse for the USD/CAD pair, after which the Canadian strengthened to […]
To open long positions for GBP/USD, it is required: Buyers coped with the task for the first half of the day, breaking through the resistance of 1.3175, which I paid attention to in my morning review, and reached a new high of 1.3214, where I recommended to lock in the profit. This was helped by […]
• Platinum broke resistance zone • Further gains are likely Platinum continues to rise after the earlier breakout of the resistance zone lying between the key resistance level 810.00 (which has been reversing the price from the end of August, as can be seen below) and the 50% Fibonacci correction of the previous sharp downward […]
• AUDUSD reversed from support zone • Further gains are likely AUDUSD recently reversed up from the support zone lying between the key, long-term support level 0.7200 (which has been reversing the price from the middle of 2016, as can be seen from the weekly AUDUSD chart below) and the lower weekly Bollinger Band. The […]
As the leaders of the EU gather in Austria today, British PM May hopes to convince them of the merits of her Chequers plan, in an attempt to lay the groundwork for a breakthrough in the Brexit negotiations. While no formal announcements will be delivered, sterling could still prove sensitive to any relevant remarks. Going […]
The Swiss National Bank release their monetary policy statement quarterly. There have been cases, when this event has resulted in a significant market impact. The central bank announced that it will enforce the minimum exchange rate of CHF 1.20 per Euro set on 6th of September, 2011. This limit was then discontinued in January of […]
GBPAUD has come under renewed selling pressure after it created a fresh almost 5-month low, falling back below the 1.8375 resistance level, but remaining above the 20- and 40-simple moving averages (SMAs) in the daily chart. Despite the latest pullback though, the pair has not posted a fresh lower low, which makes one hesitant to […]
The morning session is over on this Wednesday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar returned back at the opening level after walking in a total range of 59 pips. Turnover is high and sentiment of the traders is neutral, almost standing at an even balance. Trend has changed a couple of times, […]
The Swiss National Bank (SNB) is widely expected to keep its ultra-loose policy unchanged when it announces its rate decision on Thursday at 0730 GMT. Investors will look for hints on whether a 2019 rate increase is a realistic scenario. While Swiss economic data are painting a rosier picture, it’s probably too early for such […]
Trading recommendations: According to the H1 time – frame, I found the breakout of the intraday support trendline, which is a sign that sellers are in control. I also found the next potential support level at the $6.208 (upward trendline) and my advice is to watch for selling opportunities. The downward targets are set at […]
GOLD ETF share prices popped to their highest level this week so far, tracking the price of bullion’s rise to $1205 per ounce as US data showed an unexpected plunge in the number of new home-building permits issued last month. New UK data also surprised traders and analysts this morning, showing the strongest rate […]
EURJPY created a higher high earlier today, posting a fresh two-month peak of 131.67. Currently, the price is moving above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, indicating a possible upside extension. However, the technical indicators have lost their strong positive momentum as they are flattening. The stochastic oscillator is moving sideways […]
Here are the latest developments in global markets: FOREX: In the wake of upbeat UK inflation readings, sterling advanced considerably against the greenback to an 8-week high of 1.3214. The Consumer price index rose to an annual rate of 2.7% from 2.5% in the previous month and comfortably above market expectations of 2.4%. It was 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. Recently, the price level of 1.1500 offered temporary bullish recovery towards 1.1830. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established around 1.1800. On […]
The recent bearish momentum of the GBP/USD has shown signs of weakness since September 5 when an ascending bottom was established around 1.2800 The GBP/USD pair was testing the depicted downtrend line which came to meet the pair around 1.3025-1.3090. This week, the pair has been demonstrating a successful bullish breakout so far. This price […]
Recently, the GBP/USD pair has been trading downwards. I found a breakout of the 10-day rising wedge, which is a sign that sellers took control from the buyers and that buying looks risky. The strong supply entered the market and my advice is to watch for selling opportunities. I have placed Fibonacci retracement to find […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1714. According to the M30 time – frame, I found rejection of the pivot resistance 1 at the price of 1.1708, which is a sign that buying looks risky. I also found rejection from the upper Keltner band (resistance) and hidden […]
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4h The new bearish divergence, formed by the MACD indicator on the 4-hour chart, allowed the GBP / USD pair to stop the growth process, but not to start the fall. The pair is still able to turn in favor of the US currency and begin a decline in the direction of the correction level […]
It’s the Swiss National Bank quarterly monetary policy assessment Thursday, so let’s take a closer look with the Dukascopy Economic Calendar. Swiss trade balance statistics for August open this agenda at 6 o’clock in the morning. Previous report disappointed as surplus narrowed down from 2.56 billion Swiss Francs in June. Then the high importance quarterly […]
To open long positions for EUR / USD pair, you need: Buyers of the European currency need to be extremely cautious. It is better to consider new long positions after returning and consolidating above the middle of the channel at 1.1689, which will lead to the update of this week’s highs around 1.1722, where fixing […]
We’re bringing you yet another Spike Controller, so you could assess the fairness of your broker. Euro/Dollar’s daily average spread is point 34 pips and peak separation has been 2.2 pips. Trend has been shifting for this pair and the biggest move was a decline of point 62% or 73 pips. Spreads were slightly bumpy […]
New Zealand’s economy will fall under the spotlight when GDP growth numbers for the second quarter are published on Thursday (Wednesday, 22:45 GMT). After slowing to a more than one-year low of 0.5% quarter-on-quarter in the first three months, some pick-up is expected in the June quarter. However, the sustainability of any rebound remains in […]
4-hour timeframe Amplitude of the last 5 days (high-low): 123p – 102p – 98p – 87p – 97p. The average is for 101n (113p). On the first trading day of the week, the British pound sterling is traded in a narrow price range. Quite a strange market reaction to Trump’s introduction of new trade duties […]
The Japanese yen continued falling against the US dollar after the BOJ concluded its monetary policy meeting. As expected, the bank left interest rates unchanged making it the 32-straight month of no monetary policy changes. In the August meeting, the bank left rates unchanged but tweaked the forward guidance. The bank said that it would […]
In the past one month, the price of crude oil has moved up by more than 10%. The upward movement was associated to the continued decline in Saudi Arabia crude and the anticipated impacts of Hurricane Florence. In the past three years, Saudi Arabia has been reducing its crude stocks. In July this year, it […]
Good morning, traders, you’re watching the Dukascopy Daily Trading Signals for Wednesday. Euro/Dollar has mostly green signals across all three time ranges, but the less than 10% short interbank sentiment is neutral. The Cable’s short term technicals show mixed results, but both the mid and long term studies are mostly pointing up. Interbank stance is […]
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand howCFDs 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 and […]
Here are the latest developments in global markets: FOREX: The dollar index is lower on Wednesday, albeit not by much (-0.12%), giving back the slight gains it posted yesterday. The yen plunged across the board as investors rotated out of safe assets, after the US-China trade confrontation was perceived to be milder than feared. Meanwhile, risk-sensitive currencies […]
