Today, Japan and the US will not release any Economic Data. So there is a probability the USD/JPY will move with low volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.08. Resistance. 2: 110.86. Resistance. 1: 110.65. Support. 1: 110.38. Support. 2: 110.17. Support. 3: 109.95. Disclaimer: Trading Forex (foreign exchange) on margin carries […]
The second full week in August was another good one for the U.S. dollar. The greenback extended its gains against most of the major currencies but the rally is slowing. We’re beginning to see short covering in pairs like EUR/USD and AUD/USD but the moves have been cautious. The problem is that as we look […]
The second full week in August was another good one for the U.S. dollar. The greenback extended its gains against most of the major currencies but the rally is slowing. We’re beginning to see short covering in pairs like EUR/USD and AUD/USD but the moves have been cautious. The problem is that as we look […]
The second full week in August was another good one for the U.S. dollar. The greenback extended its gains against most of the major currencies but the rally is slowing. We’re beginning to see short covering in pairs like EUR/USD and AUD/USD but the moves have been cautious. The problem is that as we look […]
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• Sugar falling inside minor impulse wave 5 • Further losses are likely Sugar continues to fall inside the minor impulse wave 5 – which belongs to the medium-term impulse wave (3) from the end of May (which previously broke through the key support level 10.80). The price earlier made a failed attempt to break […]
• EUR/CHF reversed from long-term support level 1.1250 • Further gains are likely EUR/CHF continues to rise after the earlier sharp upward reversal from the long-term support level 1.1250 (which also previously reversed the price sharply in August of 2017) – strengthen by the lower daily Bollinger Band. The upward reversal from this support level […]
Dear colleagues. For the EUR / USD pair, the price is in the correction zone. The level of 1.1455 is the key support for the downward cycle from August 8. For the GBP / USD pair, we expect the continuation of the movement downward. We are wait after passing the price of the noise range […]
Last week we saw a midweek triple digit sell off in major Indices, such as the Dow Jones, German DAX and the FTSE 100, as investors assessed the impact of Turkey’s currency crisis and escalating trade tensions between the United States and its trading partners. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is […]
Economic Calendar is relatively light on this week’s opening trading day, so let’s take a closer look. German Producer Price Index for July opens this agenda at 6 o’clock in the morning. Prices were up by point 3% in June and this was the fourth consecutive monthly increase. Euro Zone Construction Output for June follows […]
GOLD PRICES recovered from $1160 per troy ounce, a 19-month low yesterday. The Dollar indexed against a basket of major currencies, fell for a second day from a 14-month high on Wednesday, amid the US threatening to impose more economic sanctions on Turkey if it does not free a detained American pastor. It is still […]
We’re halfway through this week’s last trading day, so let’s look back at the rate movements and trader performance. Euro/Dollar rose by 54 pips, but most of the gains have been given up. Traded volume is average and neutral sentiment of the traders is 4% long. Rise was followed by a decline, providing both sides […]
EURGBP retreated in recent days, after meeting resistance near the 10-month high of 0.9030 recorded on August 9. Despite the pullback, the price structure on the daily chart remains higher peaks and higher troughs above the uptrend line drawn from the lows of June 15, as well as above the pair’s 100- and 200-day moving […]
We’re halfway through this week’s last trading day, so let’s look back at the rate movements and trader performance. Euro/Dollar rose by 54 pips, but most of the gains have been given up. Traded volume is average and neutral sentiment of the traders is 4% long. Rise was followed by a decline, providing both sides […]
Cryptocurrencies had the best year in 2017. Their prices rose by more than 1000% and at their peak in early January, the combined market valuation of the cryptocurrencies was more than $800 billion. Today, this market capitalization has fallen to about $200 billion and there are concerns about the survival of the industry. The massive […]
Coffee is an important component in our every day life. Billions of people consume it every day and with lifestyle brands like Starbucks growing worldwide, its demand is increasing. It is produced mostly in Brazil, Vietnam, Columbia, and Indonesia, with most of the demand coming from Asia, Europe, and United States. While the demand for […]
Upcoming releases in the next seven days are pointing to a relatively quiet August week. Among the few stand-out readings are flash PMI prints out of the eurozone, Japanese inflation figures and US capital goods orders. In addition, the minutes relating to the Federal Reserve and Reserve Bank of Australia’s latest meetings will be made […]
Daily Outlook 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 […]
Breakdown of 0.7220-0.7170 (neckline zone) was needed for a bearish breakout of the depicted consolidation range (0.7170 and 0.7350). The quick bearish decline took place 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 […]
Activity in the foreign exchange market has fallen markedly on the wave of the uncertainty factor, which is still going on, which is still being produced by the US in the struggle for world dominance in both political and economic spheres. Investors are in the state of incomprehension, what should they do with the background […]
This week, Turkey has been a key concern among market participants who have worried about the country’s economy. Last week, the Turkish Lira fell to the lowest level against the dollar as the Trump administration imposed additional tariffs. The USD/TRY pair reached a high of $7.2. This week, Turkey announced that it will impose tariffs […]
Here are the latest developments in global markets: FOREX: The dollar index – which gauges the greenback’s strength against six major currencies – remained negative (-0.10%), though it pared most of its earlier losses, aided by a return of risk-off tones in markets. Dollar/yen moved down by 0.33% and held below the bearish cross of the […]
Don’t let your guard down and keep checking your broker’s price feed with the Dukascopy Spike Controller for this Friday. Euro/Dollar’s long term average and maximum spreads are point 36 and 1.5 pips respectively. The pair has pushed above the 1 14 level as it gained point 63% or 72 pips. News reports don’t match […]
Daily Forex Technical Analysis | 16th August 2018 The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis for GBP/USD on April 16th. The pound should not… April 16, 2024 The wave analysis for GBP/USD remains quite complex but may…Analysis for EUR/USD on April 16th. The southern trend has… April 16, 2024 The […]
AUD/JPY is approaching its resistance at 80.79 (61.8% Fibonacci extension, 23.6% Fibonacci retracement x2, horizontal overlap resistance) where it is expected to reverse down to its support at 79.65 (100% Fibonacci extension). Stochastic (34, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected. AUD/JPY is approaching its resistance where we […]
USD/CHF reversed off its resistance at 0.9981 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.9942 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) reversed off its resistance at 98% where a corresponding drop is expected. USD/CHF […]
GBPJPY rebounded from the almost one-year low of 139.88 that it recorded on August 15 and challenged the 20-simple moving average (SMA) in the 4-hour chart. However, the pair pared some of Thursday’s gains and the momentum indicators are supportive of a weakening picture. The RSI indicator is moving slightly lower in the negative territory, while the %K line of the stochastic oscillator created a […]
Bitcoin has been quite consistent with the bullish momentum after being rejected off the $6,000 area with a daily close. The price action is currently quite volatile which signals certain bullish pressure emerging in the market which might lead to certain bullish momentum, so the price could climb towards $8,000 resistance area in the near […]
NZD/USD has been non-volatile with the recent bearish moves which led the price to reside below 0.6700 area with a daily close. USD has been outperforming in most of the major currency pairs where NZD is no different. NZD has been struggling recently due to unchanged Official Cash Rate and dovish statements at RBNZ Press […]
Overview: The EUR/USD pair continues moving in a bearish trend from the resistance level of 1.1482 to 1.1425. Currently, the price is in a bearish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. The bias remains bearish in the nearest term testing 1.1300 and 1.1283. […]
