The price zone of 0.7320-0.7390 stood as a significant supply zone during recent bullish pullback. The 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 bearish breakdown of 0.7200 occurred Yesterday. Since April 13, […]
EUR/JPY This EUR/JPY cross has dropped by 380 pips since April 26. Roughly 120 pips have been lost within Monday and Friday, owing to the weakness in EUR and a show of energy in JPY. There is a huge Bearish Confirmation Pattern in the market, and the price is expected to continue going southwards. The […]
USD/JPY The recent trend is in a precarious position. Price did not go upwards significantly last week, neither has it gone in a directional mode this week (the market is currently consolidating). There would soon be a rise in volatility, which would most probably favor bears. One of the reasons why the price has not […]
USD/CHF The USD/CHF pair has managed to go above the psychological level at 1.0000 earlier this week; now targeting the resistance level at 1.0050, which could be reached any moment from now. The price is currently consolidating, and there would soon be a breakout in the market, which would most probably favor bulls. USD is […]
GOLD BULLION rose near 2-year highs against the Australian Dollar on Tuesday even as gold priced in US Dollars fell back below $1310 – its lowest level in more than a month when first reached last week. The second-largest gold mining nation behind China, Australia has grown its annual output by 15% since the […]
Hello, traders, the Dukascopy TV team is here with Tuesday’s Spike Controller. Euro/Dollar’s spreads have averaged at point 35 pips during the past 24 hours, peaking at 1.1 pips. The pair dropped by point 54% after hours of relatively flat rate movement to define the long term high and low difference of 65 pips. Spreads […]
Here are the latest developments in global markets: FOREX: The euro extended its losses against the dollar early in the European session as investors shorted their positions on the currency amid uncertainties surrounding the Eurozone’s economic performance, sending euro/dollar to a fresh 4-month low of 1.1870 (-0.41%). Pound/dollar was also on the back foot, slipping to […]
Super Thursday is fast approaching with the Bank of England’s interest rate decision, monetary policy minutes, and the quarterly inflation report. Philip Rush, Heteronomics, discusses why market expectations for the next rate hike have been postponed from May until August. ► Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 ► Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom […]
U.S. equity indices started the week on a positive note, supported by energy stocks which benefited from the rise in crude oil prices. U.S. WTI crude oil pushed above $70, as markets await President Trump’s decision on a possible U.S. withdrawal from a deal giving Iran relief from sanctions in return for stopping its nuclear […]
US President Trump will announce today at 1800 GMT whether the US will withdraw from the Iran nuclear deal. Oil prices have been surging in recent weeks, on speculation that Iran may soon be faced with fresh sanctions on its exports, which would likely lead to lower oil supply. While an official withdrawal by the […]
The Bitcoin (BTC) has been trading sideways at the price of $9.336. A Norwegian district court has ruled in favor of Norway’s largest bank against a local cryptocurrency exchange. The court says the bank has full rights to close the account of the exchange, citing money laundering risks and criminal activities associated with bitcoin trading. […]
West Texas Intermediate (WTI) crude has advanced considerably and recorded a fresh three-and-a-half-year high of 70.80. The price retreated after the bounce off the mentioned level and the short-term technical indicators are endorsing the scenario for a potential bearish retracement. Looking at momentum indicators, in the 4-hour chart, the RSI has plunged below the overbought levels and is pointing […]
Recently, Gold has been trading sideways at the price of $1,311.00. According to the H1 time – frame, I found a breakout of a smaller bearish flag in the background, which is a sign that there is a room for at least one downward leg. I also found a hidden bearish divergence on the moving […]
Recently, the EUR/JPY pair has been trading downwards. The price tested the level of 129.58. According to the H4 time – frame, I found strong selling pressure on the market, which is a sign that buying looks risky. The rising wedge from the background is still an active pattern and projective target is set at […]
These are the Dukascopy Daily Trading Signals for Tuesday, where we’ll see how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar has 4 neutral signals in both the 1 and 4 hour charts. Daily outlook shifts to bearish and it’s in line with the 28% short interbank sentiment. Pound/Dollar has mostly red […]
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:Weekly forecast based on simplified wave analysis of… April 8, 2024 GBP/USDAnalysis:Since July last year, the […]
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 […]
Here are the latest developments in global markets: FOREX: The US dollar index, which gauges the greenback’s strength against a basket of six major currencies, was practically flat on Tuesday ahead of a speech by Fed Chair Jerome Powell at 0715 GMT. It touched its highest level in five months yesterday, as the euro (which has by far the […]
Warren Buffett: Bitcoin is a rat poison. Billionaire Warren Buffett once again trashed the cryptocurrencies at Berkshire Hathaway’s annual shareholder’s meeting on May 5. Buffett repeated his earlier warning that “cryptocurrencies would end badly.” Earlier he said that buying cryptocurrencies is not a real investment, but it is only speculative gambling. He also said that […]
Overnight trading during the Asian session remained in standby mode following the sleepy sessions in Europe and the US on Monday. Investors are also waiting for the decision of President Trump regarding the nuclear contract with Iran. USD and JPY are holding tight. Data on China’s foreign trade showed a surplus return in April of […]
The US dollar index made a new higher high yesterday but the price is very close to long-term resistance and the bearish divergence signs by the RSI imply weakness and limited upside. So a pull back towards at least 92 is expected. Blue lines – bullish channel Downward sloping blue line – bearish divergence The […]
Soon after a very successful seminar series accomplished in various Malaysian cities, XM is starting its summer-autumn seminar road trip in the Southeast Asian country, the first event destination of which will be Terengganu on 21st July. The upcoming seminar will focus on several online investment strategies applicable to trading multiple financial instruments, with emphasis […]
GBPUSD has headed sharply lower over the last three weeks after the strong bounce off the 1.4375 resistance level. The pair challenged a fresh almost four-month low of 1.3485 achieved last Friday near the 38.2% Fibonacci retracement level of the upleg from 1.2100 to 1.4375. The pair failed to end a day below the aforementioned […]
Burning forecast 05/08/2018 EURUSD: Waiting for the upward movement. The euro exchange rate reached the highs of the beginning of the year at 1.1915 and updated them by 20 points to 1.1895 At the same time, the downward movement meets ever more stubborn resistance from buyers. It is logical to see a sharp rebound upward. […]
Gold price is preparing a bounce towards $1,330 at least. The price is making a base around $1,310. I’m bullish on gold. This could be a short-term bounce but there are also chances of this being the start of a big move higher towards $1,400. The key moment for this scenario is the break above […]
Morning Report: 07.00 London This morning, the US dollar is firmly in the driving seat, with dollar pairs such as the AUD/USD falling further overnight. Aussie retail sales dropped more than expected, while Chinese trade balance disappointed. The AUD/USD is off by 0.25%, while the AUD/JPY continues its steady down trend. The Swiss Franc continues […]
During yesterday’s trading session Crude Oil WTI rose above $70 for the first time since 2014, as US President Trump announced that he would reveal his decision on the Iran Deal today at 18:00 GMT. The indications are that he will withdraw from the agreement, calling it one of the “worst deals ever made”. This […]
GBP/CHF is approaching its resistance at 1.3641 (61.8% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where we expect the prices to drop to its support at 1.3447 (38.2% Fibonacci retracement, horizontal overlap support). We do have to be cautious of the intermediate support at 1.3511 (horizontal swing low support).Stochastic (55, 5, 3) […]
USD/JPY bounced nicely off its support at 108.76 (23.6% & 38.2% Fibonacci retracement, horizontal swing low support) where we expect the price to rise to its resistance at 109.52 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is bounced off its support at 6.3% where it has the potential to rise further. Buy […]
EUR/NZD has extended its corrective decline to 1.6954. However, the waning momentum indicates that an important low should be near. To confirm that a low has been seen, we need a break above the minor resistance at 1.7048 and, more importantly, above the resistance at 1.7070 that confirm the corrective decline in the wave ii/ […]
