Daily Outlook The short-term outlook turns to become bearish as long as the EUR/USD pair keeps trading below the broken uptrend as well as the lower limit of the depicted consolidation range remains broken. Bearish persistence below the price level of 1.2200 allowed further bearish decline towards the price levels of 1.1990 and 1.1880. As […]
With the incoming Five-Star/Lega government in Italy, there has come the expectation that there will be EU-wide disruption as a result of the policies that many say the new coalition will follow. However, Dhaval Joshi, from BCA Research, says both parties have too much to lose and so it is more than likely that each […]
To open long positions for EUR / USD, you need: The buyers managed to hold above the level of 1.1693 and create a false breakdown there once again. Now, the task for the second half of the day will be a breakthrough and consolidation above the resistance level of 1.1742, which will lead to an […]
To open long positions for GBP / USD, you need: The buyers managed to hold above the level of 1.3340, and now their next target is the daily high at 1.3383, the consolidation on which will lead to a new upward wave, with an exit to the resistance level of 1.3419, where I recommend fixing […]
The British pound remained under pressure after yesterday, the head of the Bank of England, Mark Carney, said that plans for raising rates could change in response to a sharper than predicted Brexit. The matter is that because of the complication of the situation with the withdrawal of the UK from the EU, the Bank […]
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future. Related Posts:Outlook for GBP/USD on April 16. Pound awaits inflation data April 16, 2024 Analysis of GBP/USD 5M […]
Find out if news events have influenced the spread levels during the past 24 hours by watching the Dukascopy Spike Controller. Euro/Dollar has a daily average spread of point 34 pips. Max is point 9 pips and both of the sides were point 7 pips apart during the past hour. Single currency has depreciated against […]
Cryptocurrencies have sold off this week with the market capitalisation dropping to $334bn. There was no clear catalyst for the massive price declines but could be related to uncertainty in South Korea where a new tax policy at Bitfinex caused negative investor sentiment. However, cryptocurrencies continue to see increased regulation with news that the US […]
The British Pound yesterday’s retail sales data were much better than expected (1.6% versus 0.8% expected and -1.1% prior). The behavior of the course after the data, in form of a rapid extinguishing of the increase over 1.34, perfectly illustrates how weak sentiment prevails around the British currency. The UK GDP revision published today is […]
GBPJPY The GBPJPY pair has fallen under support this week, first at the 148.800 area and then the rising support trend line at 147.300. The market spent the last couple of weeks consolidating between 150.000 and 147.000 with these levels now becoming resistive. The low reached yesterday was 145.679 and a break under this level […]
GBPJPY completed five straight negative days with strong momentum, while during Friday’s session the price is paring some losses. On Thursday, the pair recorded a fresh 11-week low of 145.67 and is trading slightly higher from this trough. The neutral to bearish picture in the short term looks to last for a while longer after prices failed to break […]
After the indecisive daily close yesterday, today Bitcoin has been quite impulsive in the bearish bias that is expected to lead to further downward momentum in the coming days. Bitcoin has been sold off for weeks. The price was expected to retrace along the way to continue the bullish trend. Though there was a certain […]
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3333. According to the H1 time – frame, I found a potential bullish flag in creation, which is a sign that downward movement is limited. My advice is to watch for a potential breakout of the bullish flag to confirm the […]
EUR/CAD has been quite impulsive with the bullish gains yesterday after bouncing off the 1.50 support area. After the effect of Euro Group Meeting and ECB Monetary Policy Meeting Accounts, EUR seemed to have the upper hand over CAD which might lead to certain short- and medium-term bullish pressure. Though CAD has been the dominant […]
USD/JPY is expected to continue its rebound. The pair is rebounding above the key support at 109, which should maintain the buying interest. The golden cross between the 20-period and 50-period moving averages has been identified, indicating the bullish reversal. The relative strength index is bullish above its neutrality level at 50. Therefore, as long […]
USD/CHF is expected to trade with a bullish outlook. The intraday outlook is mixed to bullish on the prices now. A support base at 0.9935 has formed and has allowed for a temporary stabilization. In addition, the relative strength index lacks downward momentum. In these perspectives, as long as 0.9880 is not clearly broken, a […]
Recently, Gold has been trading upwards. As I expected, the price tested the level of $1,306.19 and reached my first yesterday’s target. According to the H1 time – frame, I still expect higher price. I found a bullish flag in creation, which is sign that sellers are still weak and that buyers may continue with […]
The Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $7,248. Japan’s GMO Internet announced that it will unveil its flagship bitcoin mining machine, called GMO miner B2, equipped with the 7nm chips on June 6. Interested customers can register now for the upcoming information session.The technical picture on […]
NZD/USD is expected to trade with bullish outlook. The pair bounced off its horizontal support at 0.6890, which should limit any downward attempts. A bullish cross has just been identified between the 20-period and 50-period moving averages (a positive signal). In addition, the relative strength index broke above its neutrality area at 50, and calls […]
Hello, traders, you’re watching the Dukascopy Daily Trading Signals for Friday. Euro/Dollar’s technicals show bearish outlook in all three time ranges and these signals are matched by the 26% short interbank sentiment. The Cable has a similar pattern and sell signals are in the lead of all three time scales, which are backed up by […]
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:The dollar has not reached its potential April 15, 2024 What is permissible for Jupiter may […]
Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – is nearly 0.2% higher on Friday, ahead of a speech by Fed Chairman Jerome Powell. The index pulled back a little yesterday, mirroring a similar dip in longer-term US […]
GBP/JPY is under pressure and expected to remain under it. The pair remains in a downward trend, capped by its falling 50-period moving average. Even though a consolidation cannot be ruled out at the current stage, its extent should be limited before further downsides. Last but not least, the relative strength index has struck against […]
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:Analysis of GBP/USD. April 15th. Retail sales in the USA… April 15, 2024 The wave analysis […]
Morning Report: 07.00 London The US dollar is back in demand amid a general retreat into risk-off trading. This comes as Trump cancels the planned North Korea summit and generally poor US economic data. The yen was in control yesterday, as traders switched out of the dollar on poor US unemployment and existing home sales. […]
USDCAD has been developing within the 38.2% Fibonacci retracement level near 1.2723 and the 50.0% Fibonacci level of 1.2930 over the last could of weeks. These levels are taken from the downleg from 1.3800 to 1.2060 in the long term. Moreover, the price has surpassed the 20- and 40-simple moving averages in the near term, suggesting further upside potential […]
EUR/USD remains in a bearish trend making lower lows and lower highs. The RSI continues to diverge and produce bullish warnings. Price is below the Ichimoku cloud. Technically, the price has formed a bullish wedge. Red lines – bullish wedge RSI red line – bullish divergence The EUR/USD pair has short-term support at 1.1660 and […]
Gold price has bounced above $1,300 towards our first set of targets and short-term resistance levels as expected. As long as the price is above $1,280, we consider any pullback as a buying opportunity. I remain bullish Gold. Red line – short-term resistance (broken) Purple line – short-term support Blue line – bullish divergence Green […]
Dear colleagues. For the EUR / USD pair, he continuation of the movement downwards is expected after the breakdown of the level of 1.1684. We consider a movement upward as a correction. For the GBP / USD pair, the price is still in correction from the downward trend. The continuation of the downward movement is […]
AUD/JPY has been trading with the bearish bias recently after bouncing back from 84.50 area, leading to reside below 83.00 area currently. JPY has been dominating recently over AUD that is expected to continue further in the coming days. Today, RBA Assistant Governor Bullock is going to speak about the nation’s key interest rates and […]
