Analysis of wave counting: During the trades on June 27, the GBP / USD currency pair lost about 100 percentage points. Thus, the construction of the supposed wave 3, 3, a, is proceeding according to plan. The minimum of the first wave of the new downward momentum is broken, so now there are no visible […]
• NZDUSD broke key support level 0.6780 • Likely to fall further NZDUSD continues to fall after the earlier breakout of the key support level 0.6780 (which stopped the previous sharp corrective wave (A) in November of 2017, as can be seen below). The breakout of the support level 0.6780 follows the earlier breakout of […]
GOLD PRICES rallied or held firm against most major currencies on Thursday but set fresh 6-month lows in US Dollar terms as world stock markets fell and key gold-consumer currencies sank amid worsening tensions over President Trump’s foreign policy. India is preparing to comply with Washington’s order to cease buying oil from Iran, according […]
4-hour timeframe Amplitude of the last 5 days (high-low): 126p – 75p – 84p – 86p – 131p. The average amplitude for the last 5 days is 100p (87p). The trade war between the US and China with the EU continues to gain momentum, countries and the Euroblock continue to consider the possibility of introducing […]
• Brent Crude Oil rising inside impulse wave 3 • Further gains are likely Brent Crude Oil has been rising steadily in the last few trading sessions inside the active short-term impulse wave 3, which started earlier from the strong support area lying between the key support level 73.53, lower daily Bollinger Band and lower […]
USD/CAD has been quite corrective and volatile recently after breaking above the 1.3120 resistance area with a daily close. USD has been dominating CAD since the recent rate hike By the US Fed from 1.75% to 2.00%. Meanwhile, CAD is expected to regain footing. On the back of lingering trade jitters between the US and […]
Technical outlook: The US Dollar Index has rallied and tested recent highs at 95.53 today early session before reversing lower. The index is seen to be trading at 95.18 levels at present, and also should be looking to continue drifting lower from here. The Daily chart view presented here suggests that a meaningful top might […]
USD/CHF is approaching its resistance at 0.9987 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, multiple swing high resistance) where we expect to see a reversal, causing the price to fall to its support at 0.9919 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is testing its resistance at 98% where a corresponding reversal is […]
GBP/AUD is in a bullish channel where it is approaching its support at 1.7803 (100% Fibonacci extension, 76.4% Fibonacci retracement, 38.2% Fibonacci retracement, channel support) where a bounce up to its resistance at 1.8032 (61.8% Fibonacci extension) is expected. Stochastic (55, 5, 3) is approaching its intermediate support where we expect to see a bounce. […]
The morning session is over on this Thursday, so let’s see how things are shaping up for the market players. Euro/Dollar declined half way through the session, but a following rebound took the rate just a couple of pips below the 1 16 level. Traded volume is average and sentiment of the traders is neutral, […]
The last trading day of this week should be a busy one, so let’s take a look at the economic calendar. Swiss KOF Economic Barometer for June opens this agenda at 7 o’clock in the morning. Index dropped by 3.3 points in May to the long term average of 100, indicating average development of the […]
The New Zealand Dollar has extended losses after the Reserve Bank of New Zealand (RBNZ) kept rates steady at 1.75% yesterday. The accompanying RBNZ statement was dovish with suggestions that Kiwi interest rates will remain at record lows for “some time to come” and pointing out risks to both domestic and global economies. In May, […]
Overview: Pivot: 1.1617. The EUR/USD pair is still trading below the level of 1.1662. The EUR/USD pair has found strong support at the level of 1.1543. So, the strong support has been already encountered at the level of 1.1543 and the pair is likely to try to approach it in order to test it again […]
Overview: The GBP/USD pair opened below the daily major resistance (1.3131). It continued to move downwards from the level of 1.3131 to the bottom around 1.3068. Today, the first resistance level is seen at 1.3131 followed by 1.3196, while daily support 1 is seen at 1.3068. Furthermore, the moving average (100) starts signaling a downward […]
Keep your broker in check with Thursday’s Spike Controller brought to you by the Dukascopy TV Team. Euro/Dollar’s spreads have averaged at point 37 pips during the past 24 hours, peaking at 1.3 pips. The pair has declined by a total of 1% or 117 pips as it moved towards the 1 15 level. Past […]
The Eurozone will see the release of its preliminary inflation data for June on Friday, at 0900 GMT. Forecasts point to another slight acceleration in prices pressures, which although may be energy-driven would still enhance the narrative that inflation is moving in the desired direction, potentially helping the euro recover some of its recent losses. […]
US data on May’s core personal consumption expenditure (PCE) price index – this being the Federal Reserve’s preferred inflation gauge – are due out on Friday at 1230 GMT, alongside numbers on personal income and consumption. A beat on the inflation front is likely to more conclusively put on the table two additional interest rate […]
NZDUSD plummeted to a more than two-year low of 0.6756 during early Thursday’s session and is set to complete the fourth red day in a row. The aggressive bearish rally started after the bounce off the 0.7060 resistance level at the beginning of June and the bears seem to have full control of this market. In the 4-hour […]
Recently, USD/JPY has been trading upwards. The price tested the level of 110.41. According to the H1 time – frame, I found a rising trendline and successful breakout of the bullish flag, which is a sign that buyers are in control. The intraday trend is bullish and my advice is to watch for potential buying […]
Daily Outlook In April 2018, the short-term outlook turned to become bearish when the EUR/USD pair maintained trading below the broken uptrend as well as the lower limit of the depicted consolidation range. Initially, Bearish persistence below the price level of 1.2200 allowed further bearish decline towards the price levels of 1.1990 and 1.1880. The […]
Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,249.00. According to the H1 time – frame, I found that sellers are in control and that there is a broken intraday bearish flag in the background. I also found a breakout of FIbonacci expansion 100%, which is another sign […]
The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until the bearish breakdown of 0.7200 occurred on April 23. Breakdown of 0.7220-0.7170 (neckline zone) was needed to confirm the depicted reversal pattern. Bearish target levels around 0.7050 and 0.7000 have been achieved already. The price level of 0.7050 was considered […]
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit http://www.xm.com the international Forex broker. Related Posts:Technical Analysis – Goldman Sachs stock gains on strong… April 15, 2024 Goldman Sachs shares pull […]
Find out how the interbank compares with the technicals at 8 AM GMT by watching the Dukascopy Daily Trading Signals. Euro/Dollar’s technicals are mostly neutral in the hourly scale, but both the mid and long term models are mostly red, which is backed up by the 25% short interbank sentiment. Pound/Dollar has red across all […]
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 Daily financial news by- Binary.com-June 28th 2018 Related Posts:Market continues to […]
The Reserve Bank of New Zealand (RBNZ) released their June interest rate decision today. The decision led the Kiwi to fall as shown below. In the decision, the officials left interest rates unchanged at 1.75%. This was expected of course. The last time the officials made a major iteration to the interest rates was in […]
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit http://www.xm.com the international Forex broker. Related Posts:GBP/USD: Will sterling hold steady against dollar? April 15, 2024 The UK economy is recovering from […]
Here are the latest developments in global markets: FOREX: The US dollar index is roughly 0.1% higher on Thursday, extending its gains from the previous session and trading just below an eleven-month high. Meanwhile, both the euro and sterling are on the defensive. The kiwi came under renewed selling interest after the RBNZ kept the […]
Trade disputes remain the main subject for markets which is manifesting in the form of a weakening Chinese yuan. CNY is the weakest in six months, but it is not clear whether these are signs of investors’ pessimism about China’s prospects or Beijing’s new tactics in the fight against US protectionism. The weakness of the […]
Facebook is withdrawing its ban on cryptocurrencies, although advertisers will have to be approved first, while ICO will be blocked. Interested advertisers must complete the application containing information about the licenses and information whether their cryptocurrency is publicly available. The original ban on Facebook appeared at a time when cryptocurrencies, such as Bitcoin, were flourishing, […]
