EUR/JPY The situation on this market is quite similar to what is happening on the USD/JPY pair. The strong pullback in the market (the current bearish breakout) has already put an end to the recent ranging situation on the market. About 300 pips have been shed from the high of this week, and this is […]
USD/JPY The market got corrected lower on Monday, and that has now become something significant. From the high of Monday, the market has experienced about a 180-pip pullback, and that has resulted in serious threat to the recent bullish bias on the market. If the market goes further downwards by another 100 pips, the outlook […]
USD/CHF The bearish signal that was generated on the USD/CHF pair yesterday, resulted in a medium-term bearish bias on the market. The market is below the resistance levels at 0.9950, now very close to the support level at 0.9900, which is the first target. Once the support level is breached to the downside, the next […]
USD/CAD has been correcting itself below the 1.2950 area, from where it is expected to push lower in the coming days. The market is currently quite volatile and indecisive, whereas both currencies in the pair are struggling with the mixed economic reports recently. Ahead of the FOMC Meeting today, USD is currently showing some impulsive […]
EUR/JPY has been quite impulsive with the bearish gains recently inside the corrective range between the 129.50 to 132.00 area. Despite the worse economic reports today, certain gain on the JPY side does indicate the weakness of EUR in the process ahead of the ECB Monetary Policy Meeting Accounts tomorrow. Today, JPY Flash Manufacturing PMI […]
The Japanese Yen (JPY) is benefiting from risk-off sentiment today with the USDJPY pair plunging below the 110.00 level. A number of factors are combining to trigger the move including geopolitical tensions in Iran, trade war rhetoric between US and China, political turmoil in Italy, and renewed concerns over North Korea. The US 10-year Treasury […]
The EUR/USD pair continues to move downwards from the areas of 1.1880 and 1.1797. This week, the pair dropped from the level of 1.1880 to 1.1715. Today, resistance is seen at the levels of 1.1797 and 1.1880. So, we expect the price to set below the strong resistance at the levels of 1.1797 and 1.1880; […]
Overview: The USD/CAD pair rose from the level of 1.2728 towards 1.2867 for a long term. The current price is set at 1.2870. On the H1 chart, the resistance is seen at the levels of 1.2894 and 1.2939. Besides, the weekly support 1 is seen at the level of 1.2791. Today, the USD/CAD pair is […]
Stay on top of your trades by watching the Dukascopy Spike Controller, providing you with the benchmark interbank price data for Wednesday. Euro/Dollar’s spreads have averaged at point 33 pips during the past 24 hours, peaking at 2.2 pips during the past 4 hours. The pair has been on a slide, dropping by more than […]
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The price zone of 0.7320-0.7390 stood as a significant supply zone during the recent bullish pullback. Bulls failed to execute a successful bullish breakout above 0.7400 during the previous week’s consolidations. The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until a bearish breakdown of 0.7200 occurred. Since April 13, […]
Daily Outlook The EUR/USD pair had been trapped between the price levels of 1.2200 and 1.2500 until bearish breakout occured recently. Significant signs of bearish reversal were manifested around the price level of 1.2400.This was manifested in the bearish engulfing daily candlestick of April 20. The short-term outlook turns to become bearish as long as […]
The wave pattern of the D1 graph: Since the decline of the pair on January 2016 on the chart, a downward wave of a larger all-inclusive scale of the chart is forming. The middle part of the wave (B) has an irregular view, with an elongation toward the main direction of the trend. Started in […]
Trading plan 05/23/2018 The overall picture: The growth of the dollar meets resistance. There is no important news right now. The effect of the growth of yields on Treasuries of the US to 3% per annum continues. On the other hand, the strengthening of the dollar was too fast and requires some correction. The euro […]
EUR / USD pair On Tuesday, the euro showed only a symbolic decline in the expectation of today’s publication of the protocol since the last meeting of the Fed. The main volatility of yesterday came from the British pound, which reacted sharply to the statement of the Central Bank head, Mark Carney, on raising the […]
GBP / USD pair Yesterday, the British pound rose to 63 points due to words of Mark Carney in a speech with a report on inflation in parliament. He said that rates could be raised in a few months if the recent weak economic indicators proved to be temporary. But since the fact that the […]
The GBPUSD pair is on the back foot today after US President Trump was pessimistic on any potential deal with North Korea and expressed his displeasure with US/Chinese talks. The support at 1.34000 was broken today after Monday’s test with price accelerating its decline creating a new low for 2018. Support can now be found […]
EURJPY plummeted over today’s early European session, losing more than 200 pips after finding resistance at the 38.2% Fibonacci retracement level of the downleg from 133.50 to 129.2, near 130.85. This week, the pair is on the backfoot, creating a new nine-month low at 128.46 and the technical indicators in the 4-hour chart suggest that the market could ease more in […]
USD / JPY pair The Japanese yen lost its main support yesterday amid the growth of the stock market. On statements by the U.S. president Donald Trump about the difficulties in negotiating with China to expand trade and disrupt the meeting with Kim Jong-no on June 12, as well as the US president’s intention of […]
Eurozone PMI data disappoints the global investors, Euro slides further After disappointing data from Eurozone economies, the common currency is again under the pressure. The PMI data for Germany was worse both than the consensus and previous readings: PMI Services were at the level of 52.1 (versus 53.2 expected and 53.0 prior) and PMI Manufacturing […]
The EUR/USD pair is making fresh new lows, but the RSI continues to diverge. I do not believe we should chase short position, on the contrary, I remain bullish on this pair even more with this new bullish divergence. Red lines – bullish divergence EUR/USD is still technically in a bearish trend. Price continues to […]
We warned that USD/JPY would be vulnerable in case 110.80 is broken. We also warned that the bearish divergence signs were there and bulls should have been cautious. USD/JPY has made a strong reversal and has also broken below the critical support of 110. Red line – short-term support Blue line – medium-term support The […]
Gold price has broken above the short-term resistance trend line and is now trading back and forth above and below it. I expect Gold price to continue higher towards $1,300 this week. I remain bullish. Blue line – bullish divergence Red line – short-term resistance Yellow line – medium-term resistance Green lines – targets Gold […]
Morning Report: 07.00 London The US dollar is back in control as markets fret over emerging currencies and Trump’s mixed signals over China. The dollar index is on the rise this morning, forcing dollar pairs lower. The Australian dollar has reversed course, with the AUD/USD one of the worst performing dollar pairs this morning. The […]
Find out how the interbank compares with the technicals at 8 AM GMT. These are the Dukascopy Daily Trading Signals. Euro/Dollar has red signals across all three time scales and they are in line with the almost 27% short interbank stance. The Cable’s technicals are mostly pointing South in all three time scales as well […]
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:Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500… April 16, 2024 We introduce you to the […]
Here are the latest developments in global markets: FOREX: The US dollar index is 0.1% higher on Wednesday ahead of the release of the minutes from the May Fed meeting, building on the modest gains it posted yesterday. Meanwhile, the Japanese yen rebounded yesterday and is on the front foot today, advancing 0.5% against the dollar […]
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: trading plan for the US session on April 19th… April 19, 2024 In my morning […]
The Trump – Kim summit is still uncertain, so the dollar is slightly stronger in an environment of heightened risk aversion. USA 10Y debt yield is 3.05% on Wall Street and Asian floors, the sellers clearly dominate. The dollar restores appreciation as the EUR/USD returns to 1.1750, GBP/USD drops to 1.3400. Commodity currencies, which in […]
Some countries have sanctions imposed by the US and many European nations. Several experts believe that there are countries that can bypass international sanctions through decentralized cryptocurrencies. Russia and Iran are two countries that are currently under severe sanctions that may soon use cryptocurrencies to circumvent them. Politicians in Russia and Iran are discussing the […]
