The fundamental background of the pound-dollar pair is changing with kaleidoscopic speed. On Tuesday, traders were full of optimism in anticipation of a global “thaw” in relations between the US and a number of other countries, but today the market began to sink into the usual pessimism. Some fundamental factors that supported risky currencies turned […]
• EUR/AUD rising inside impulse wave 3 • Further gains are likely EUR/AUD continues to rise inside the short-term impulse wave 3 – which recently broke through the key resistance level 1.5870 (which has been steadily reversing the price from the middle of May). The breakout of this resistance level accelerated the active medium-term impulse […]
• Natural Gas broke support area • Further losses are likely Natural Gas continues to fall after the earlier breakout of the support area lying between the key support level 2.900 (which reversed the previous waves (iv) and (b)) and the 38.2% Fibonacci correction of the previous ABC correction 2. The breakout of this support […]
The European Commission is delivering its monthly consumer and business survey results on Thursday at 0900 GMT and forecasts signal that economic sentiment in the 19 countries sharing the euro currency has deteriorated even further in August. While an upside surprise could move the euro higher, traders may stay cautious on their positioning until Eurozone’s […]
NSDUSD has rebounded by almost 3% from the 2½-year low of 0.6543 touched on August 15. The downside pressure has eased for now, at least in the short term, with price action moving above the 20-day moving average (MA). However, additional gains look doubtful as the RSI appears to have peaked around the 50-neutral level, […]
4-hour timeframe The amplitude of the last 5 days (high-low): 131p – 77p – 113p – 81p – 72p. The average amplitude for the last 5 days: 95p (94p). The second trading day of the week ends disappointment for the British currency again. No, the pound rate did not decline at the end of the […]
Canada’s GDP data for Q2 are slated for release on Thursday, at 1230 GMT. Forecasts point to a material rebound in economic growth, which is likely to be pleasant news for BoC policymakers, and could support the loonie somewhat. That said, the most crucial determinant of the currency’s forthcoming direction may be how the US-Canada […]
Eurozone Economic indicators show the recovery of business activity in the euro area after a half-year weakening. In July, bank lending in the euro area grew by 4.1%, the highest growth since May 2009, the growth of capital investments indicates that the business positively assesses the state of the economy. The same conclusion was reached […]
4h The EUR / USD pair on the 4-hour chart reversed in favor of the US currency and returned to the correction level of 76.4% – 1.1675 after the bearish divergence of the CCI indicator. Quit on August 29 from the Fibo level of 76.4% will allow traders to expect a turn in favor of […]
Yesterday’s data released in the second half of the day provided significant support to the US dollar, while the political situation in Italy begins to gradually alienate investors from risky assets. According to the Conference Board report, consumer confidence in the US increased in August this year. Thus, the consumer confidence index rose to 133.4 […]
After it became known about the agreement on free trade (NAFTA) between the US and Mexico, which was the impetus for the growth of optimism in world markets, on Tuesday, or rather on the night from Tuesday to Wednesday, the press leaked news about the beginning of negotiations between the States and Canada. The news […]
GOLD PRICES held little changed in Dollar terms alongside global stock markets on Wednesday, trading back in line with last week’s finish at $1204 per ounce as commodities rose together with longer-term interest rates on major government bonds. Tuesday’s rally in US gold prices failed to stop the giant SPDR Gold Trust (NYSEArca:GLD) suffering […]
To open long positions for EUR / USD, you need: Yesterday, the buyers failed to keep the resistance level of 1.1696, and today, all attention is again concentrated on this area. Only its repeated breakthrough could lead to an upward trend in the euro in the expectation of renewing the area of 1.1721, which will […]
It’s busy with economic news releases on this Thursday, so let’s take a closer look with the Dukascopy Economic Calendar. German Unemployment Change data for August will be available at 7:55 in the morning. The number of unemployed continued declining in July, but a slower pace than expected. UK Lending to Individuals stats for July […]
It’s noon GMT on this Wednesday so let’s see how traders have performed during the morning session. Euro/dollar has been trending South and decline puts the pair point 3% in the red. Traded volume is average and neutral sentiment of the traders is at an even balance. Gradual decline puts bearish market players in better […]
4-hour timeframe Amplitude of the last 5 days (high-low): 121p – 70p – 70p – 105p – 99p. The average amplitude for the last 5 days: 93n (91p). The European currency continues to show purely technical growth. The most important thing is that the growth is almost recoilless, which is very easy to work out. […]
Here are the latest developments in global markets: FOREX: The dollar index was up by 0.14% on Wednesday, drawing support from a robust reading on US consumer confidence yesterday, and looking set to snap a three-day losing streak. Against the euro, the dollar gained 0.21%, while it was practically flat against the Japanese yen. Meanwhile, […]
Trading recommendations: According to the H4 time – frame, I found that price broke the inverted head and shoulders pattern in the background, which is a sign that buyers are in control. Most recently I found the small sideways base and my advice is to watch a breakout of resistance to confirm further upward continuation. […]
The NZD/USD pair has been trending-up for the past few days. This bullish movement has been demonstrated within the depicted bullish linear regression channels. During today’s consolidations, lack of enough bullish momentum was demonstrated on the chart. The NZD/USD pair demonstrated a false bearish breakout below the depicted movement channels. However, immediate bullish recovery was […]
Recently, Gold has been trading downwards. The price tested the level of $1,199.00. Anyway, according to the H1 time – frame, I found strong support at the price of $1,199.00. The support line is a lower diagonal of the upward channel, which suggests a good area for buying opportunities. The stochastic oscillator is in the […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1664. Anyway, according to the M30 time – frame, I found strong intraday support at the price of 1.1660 (support 1 and yesterday’s low), which is a sign that selling looks risky. I also found a hidden bullish divergence on the […]
The EUR/USD pair has been trending-up for the past few days. This bullish movement has been demonstrated within the depicted bullish linear regression channels. By the end of yesterday’s consolidation, lack of enough bullish momentum was demonstrated on the chart. The EUR/USD pair failed to maintain enough bullish momentum to keep going within the depicted […]
It’s time to check the quality of your broker’s price feed with the Dukascopy spike controller. Euro/Dollar has a daily average spread of point 32 pips and maximum separation has been 1.6 pips. The pair has moved South of the 1 17 level as it declined by a total of point 61% or 72 pips. […]
In 2017, the dollar index fell as the dollar weakened against its closest peers. Most of these losses came as a result of the euro which rose buoyed by the strong European economy. This year, the cycle has changed in favour of the dollar. Year-to-date, the dollar index has risen by more than 4%. These […]
The US 30 index (Dow Jones Industrial Average) touched a fresh six-month high of 26,147.50 during Tuesday’s trading, while it is currently trading not far below this peak. The RSI is comfortably in bullish territory above 50, though it has eased somewhat, pointing to weakening positive momentum in the short-term. Additionally, notice that the indicator […]
Key data on industrial output, retail sales and the labour market will be watched out of Japan in the next few days, with investors hoping they will shed some light on the state of the Japanese economy at the start of the third quarter. The release schedule will begin with retail sales on Thursday (Wednesday, […]
EURJPY rallied considerably, breaking above the Ichimoku cloud, after reaching 2 ½ -month lows at 124.89 on August 15. On Wednesday, though, the rally somewhat stalled, with the RSI in the 4-hour chart suggesting that weakness could persist in the short-term; the RSI exited overbought levels to steady slightly below 70. The red Tenkan-sen line and the […]
In April, bearish breakdown of 0.7220-0.7170 (lower limit of the consolidation range) allowed quick bearish decline towards 0.6700-0.6800 where narrow ranged consolidation range was established. On July 7, evident bullish rejection pushed the NZD/USD pair above 0.6820 temporarily. However, lack of bullish momentum made the bulls fail to maintain enough bullish momentum above 0.6700. On […]
In April 2018, the EUR/USD pair outlook turned to become bearish when the pair pursued trading below the lower limit of the depicted consolidation range (1.2200). 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. […]
The dollar is almost unchanged to the major currencies in the past 24 hours; it managed to recover the losses incurred on Tuesday morning. The dollar index fell to 94.35, the lows since August 1 following the surge in demand for risky assets on the news about the start of the U.S.-Mexico trade negotiations. However, […]
