In Asia, Japan will release the BOJ Core CPI y/y and SPPI y/y data, and the US will release some Economic Data such as Richmond Manufacturing Index, CB Consumer Confidence, and CB Consumer Confidence. So there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: […]
The index remains under pressure below the 200 SMA at the H1 chart and the support zone of 89.36 is now being pierced, allowing for more losses in the short-term. There are fractals in formation which supports the bearish scenario for the coming days. USDX could be looking to test the 87.88 level and the […]
The pair stays strong in the short-term as the price action is consolidating above the support zone of 1.4136. Currently, GBP/USD is facing off the resistance level of 1.4225, which is the last hurdle ahead of the 1.4269 level and if it manages to break above such area, the bulls could strengthen in the short-term. […]
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As the euro races past the $1.24 level again, recent data out of the Eurozone does not appear to support this renewed bullishness for the single currency. Business confidence gauges for the region are all pointing to a softening in economic activity during the first quarter of 2018, with the March data, in particular, showing […]
Gold rallied during the past week, jumping from three-week lows to one-month highs. Price action is currently taking place above the Ichimoku cloud and the moving average lines, sending bullish signals for the trend of the market, but momentum indicators suggest that any weakness in the short-term should not be a surprise. The RSI is picking up speed above its neutral […]
GOLD PRICES rose and silver jumped against a falling US Dollar on Monday in London, trading near 5-week and 3-week highs respectively as global stock markets bounced amid negotiations between the US and China to avert a ‘trade war’ between the world’s two largest economies, writes Steffen Grosshauser at BullionVault. Gold overnight in Asian […]
USDZAR posted losses after recording a one-and-a-half-month high of 12.105 last Monday, eventually hitting a one-month low of 11.596 earlier in the day. The RSI continues to decline after crossing below the 50 neutral-perceived level, pointing to a negative short-term picture for the pair. Support to further losses could come around the three-year low of […]
USD/JPY has been non-volatile with the bearish gains which lead the price below 105.50 area recently. After the recent Federal Funds Rate Hike, JPY gained the required push to continue the bearish pressure in the pair which is currently expected to proceed much lower with certain retracement along the way. This week is going to […]
USD/CHF is under pressure and expected to trade with a bearish outlook. The pair failed to break above its major resistance at 0.9490, and is now turning down. The falling 20-period and 50-period moving averages play resistance roles, and should continue to push the prices lower. In addition, the relative strength index is bearish below […]
EUR/USD has been quite impulsive with the bullish gains which lead the price to reside above 1.2350 price area currently. Despite having an increase in Interest Rate recently, USD failed to gain much momentum as expected whereas recent Stock Market Fluctuation did also affect the bearish pressure in the pair. Today EUR German Buba President […]
This is the Dukascopy Midday Snapshot, where we`ll find out how traders have managed to work out the rate shifts during the morning session on this week’s first trading day. Euro/Dollar has been on a rise and the pair stood point 43% in the green at noon. Traded volume is average and sentiment of the […]
When the European market opens, the economic calendar lacks economic data from the eurozone. Only German Buba President Jens Weidmann Speaks. The US today will not release any economic reports too. So, amid the empty economic calendar, EUR/USD will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.2414. […]
Today, the econmic calendar is empty as Japan and the US will not release any economic data. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance 3: 105.52 Resistance 2: 105.32 Resistance 1: 105.11 Support 1: 104.85 Support 2: 104.65 Support 3: […]
GBP/JPY is expected to continue upside and post some further upside highs. The pair is posting some technical rebounds, and is likely to challenge its horizontal resistance at 149.95. A strong support base has formed at 148.35, and is expected to limit any downside room. The relative strength index is mixed to bullish, and lacks […]
This is the Dukascopy Midday Snapshot, where we`ll find out how traders have managed to work out the rate shifts during the morning session on this week’s first trading day. Euro/Dollar has been on a rise and the pair stood point 43% in the green at noon. Traded volume is average and sentiment of the […]
Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku. Related Posts:Weekly Technical Outlook: 15/04/2024 – GBPUSD, USDJPY,… April 15, 2024 Our weekly #TechnicalAnalysis looks at the key events that are…Weekly Technical Outlook – GBPUSD, USDJPY, AUDUSD April 15, 2024 Will UK CPI […]
Here are the latest developments in global markets: FOREX: Trump’s decision to exempt several countries from his import tariffs on Thursday and today’s headlines that China is stepping up efforts to start trade negotiations with the US, gave a lift to dollar/yen during early European trading hours, sending the pair to 105.83 (+0.37%) from a 16-month […]
Our first target which we predicted in our previous analysis has been hit. NZD/USD is still expected to trade with a bullish outlook. The pair has pulled back on its horizontal support at 0.7225, and is likely to post a new rebound. Both the 20-period and 50-period moving averages are still on the upside, which […]
Recently, the USD/JPY has been trading sideways at the price of 105.10. According to the 30M timeframe, I found that price is trading near the Fibonacci expansion 100%, which is sign that buying looks risky. I also found an overbought condition on the stochastic oscillator, which is another sign of weakness. My advice is to […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.4230. According to the Daily time – frame, I have found a smash day (trap for sellers) in the background, which is a sign that selling looks very risky. I also found a breakout of inside daily formation, which is another […]
Let’s take a look at the potential FX market movers scheduled on Tuesday with the Dukascopy Economic Calendar. Euro Zone M3 Money Supply stats for February are out first at 8 AM. Money supply growth was unchanged in January at 4.6%. Final Euro Zone business and consumer survey for March is up next an hour […]
This week, investors will focus more about the political and trade rhetoric, rather than the usual economic data. It is a week that comes a few days after the Fed raised interest rates for the first time this year and indicated that more hikes were on the way. As you recall, the Fed was not […]
Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $8.178. The Clarifying Lawful Overseas Use of Data (CLOUD) Act just passed – almost in secret – tucked deep inside a voluminous spending package of well over a trillion dollars. No debate. No up or down vote on the merits […]
Beware end of the quarter market moves The weekend has not brought yet another important news in the field of restricting the freedom of international trade, so markets are entering a new week with a relatively calm climate. If anything, press releases from the US and China are rather mild. The US Treasury secretary Mnuchin […]
Daylight savings time is here, but let that one hour of sleep be the only thing that has been stolen from you on this Monday by checking your broker’s price feed quality. Euro/Dollar’s daily average spread is point 36 pips and maximum separation has been 2.9 pips. The pair has gained a total of point […]
AUDJPY has shed 7.5% year-to-date and is currently trading around 80 pips above the near one-and-a-half-year low of 80.49 hit last Friday. Despite today’s rebound, the negatively aligned Tenkan- and Kijun-sen lines continue to project a bearish short-term picture for the pair. It is of note that the Chikou Span might be hinting to a […]
Overview: The EUR/USD pair will continue rising from the level of 1.2347. So, the support is found at the level of 1.2347, which represents the 61.8% Fibonacci retracement level in the H1 timeframe. Since the trend is above the 61.8% Fibonacci level, the market is still in an uptrend. Therefore, the EUR/USD pair is continuing […]
Overview: The GBP/USD pair continued to move upwards from the level of 1.4124. Since last week, the pair has risen from the level of 1.4051 (the level of 1.4051 coincides with the ratio of 61.8% Fibonacci Expansion) to the top around 1.4218. In consequence, the GBP/USD pair broke resistance at 0.9887, which turned into strong […]
We would like to inform you that due to the Easter Holidays , the trading hours of various instruments will be affected between 28 March and 09 April 2018. The normal trading hours will be resumed from then onwards Please review the tables below to see which instruments will be affected and how: Instrument 28/03 […]
