You’re watching the Dukascopy Daily Trading Signals for Tuesday. Here’s how our in-house model tests out. Euro/Dollar has red across both the 1 and 4-hour charts. Daily range brings 6 neutrals. The 26% long interbank sentiment is bullish. Pound/Dollar shows a similar picture – both the short and mid term models are mostly red and […]
EURUSD has been underperforming in the past three days after it reached a new more than three-year high of 1.2554 during the prior week. The price created a pullback and is now trading slightly lower near the 20-simple moving average in the daily timeframe. The short-term technical indicators are bearish and point to more weakness in the market. […]
Breaking forecast 02/20/2018 EURUSD: Consolidation before growth. The whole technical picture indicates the incompleteness of the upward trend: No reversal figure. The price is well above the support line. Major safe haven assets – yen, franc, gold, pound -are pictured directed against the dollar. At the same time, before the increase can be significant, there […]
Overview: The NZD/USD pair is still trading around the spot of 0.7367, for that, it probably will continue to climb from the level of 0.7367. It should be noted that the support is established at the level of 0.7367 which represents the daily pivot point on the H1 chart. The price is likely to form […]
Technical outlook: The EURUSD daily chart wave counts have been presented here from January 2017 till now. The pair looks to be progressing into its 5th of (5)th wave as labeled here. A drop below 1.2205 would negative the above view and confirm that a meaningful top is in place and that EURUSD would be […]
Overview: The USD/CHF pair will continue rising from the level of 0.9295 in the long term. It should be noted that the support is established at the level of 0.9295 which represents the daily pivot point on the H1 chart. The price is likely to form a double bottom in the same time frame. Accordingly, […]
BOE Governor Mark Carney delivered a speech about leadership and values at Regent’s University, in London, followed by audience questions. Some of his comments were: something will go wrong again even if we don’t know what it is or when. He said the best defence against a future crisis is an anti-fragile system. He cites […]
Forex Market Reviews: http://thefxlounge.com/#Market-Review -The US Dollar post modest gains in quiet markets. -Bitcoin +34% in a week. – HSBC makes US$21.0 billion but still misses forecasts. -OIl prices edge up on OPEC comments. -The RBA remains cautious over wages and rates. -Why haven’t workers wages risen? The overnight changes and price moves to be […]
Wave summary: A break above the minor resistance at 1.6865 will indicate that the wave ii has completed and the wave iii higher to 1.7470 and 1.7777 is developing. As long as the minor resistance at 1.6865 is able to cap the upside as long must we allow for a final spike lower to 1.6740 […]
Wave summary: We continue to look for a corrective pop into the 134.73 – 135.39 area before the next strong decline towards 129.30 on the way lower to 123.43 is seen. The short-term support at 131.70 is expected to protect the downside for a break above the minor resistance at 132.62, that calls for the […]
When the European market opens, some Economic Data will be released such as Consumer Confidence, ZEW Economic Sentiment, German ZEW Economic Sentiment, and German PPI m/m. But the US will not release sny Economic Data today, so amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: […]
Asia, Japan & the US will not release any Economic Data. So there is a probability that the USD/JPY pair will move with low volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 107.28. Resistance. 2: 107.07. Resistance. 1: 106.86. Support. 1: 106.60. Support. 2: 106.39. Support. 3: 106.18. Disclaimer: Trading Forex (foreign exchange) on […]
The index didn’t manage to break above the 200 SMA at H1 chart, and it seems we could expect a pullback in order to resume the bearish trend. A fractal was formed around the 89.36 level, making a strong resistance area at the current stage. The next target to the downside is placed at 87.88. […]
GBP/USD had no major action during the Monday’s session, but it remains steady around the 200 SMA at H1 chart. To the downside, the nearest support lies at 1.3939, where a breakout should open the doors to test the 1.3753 level. Overall, volatility should favor to the bears across the board, and the pair is […]
Price is now testing major resistance at 0.7404 (channel resistance, horizontal overlap resistance, Fibonacci retracement), but we’re also seeing that it might break out of our long term descending channel, so we have to be careful and monitor price movement. If the price starts reacting off our selling area and reintegrates nicely into the channel, […]
Reason for the trading strategy (fundamentally): The latest news surrounding bitcoin involves Israel confirming it will tax bitcoin as a property, meaning that it is treated more as ‘a property, not a currency’, making it therefore taxable as such means profits from cryptocurrencies will be subject to capital gains tax at rates between 20-25%, while […]
Overview The Gold price settled around 1,345.00 level after the strong decline that it witnessed on last Friday, noticing that stochastic got rid of its negativity and gained clear positive momentum on the four hours’ time frame, while the EMA50 continues to support the price from below. Therefore, we expect to resume the bullish track […]
Overview The Silver price tests the support base formed above 16.56 level, which represents the first protecting factor to the continuation of the recently suggested positive scenario, waiting to resume the bullish trend that its next target located at 17.43. Therefore, we will keep our bullish overview unless breaking 16.56 followed by 16.15 levels and […]
Bitcoin has been quite indecisive recently after an impulsive bullish gain breaking above $10,000 price area. The steady bullish pressure from the bounce since $6000 price area which has lead the price to head above $10,000 without much deeper in the process. As $10,000 price area is a psychological level and market participants has been […]
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Jeremy Naylor is joined by Peter Secker, Chief Executive of Bacanora Minerals, to discuss the construction of its lithium project in Mexico. ► Subscribe: https://www.youtube.com/IGIndexSpreadBetting ► Learn more about IG: https://www.ig.com Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB IG empowers informed, decisive, adventurous people to access opportunities in over 15,000 financial markets. With […]
Monday should be a calm day. The main reason is the US President’s Day (the memory of the birth of Washington), so the biggest stock exchanges will remain closed. Let’s add to this that until Wednesday, the Chinese will celebrate the New Year. We will start Tuesday with data on the Swiss foreign trade balance […]
Despite higher expectations of the interest rate hike by the FOMC, the US currency remains under selling pressure. The US Dollar is only temporarily supported by signals pointing to growing inflationary pressure in the form of the higher January reading of CPI and PPI inflation in the US. Last week’s appreciation of the US Dollar […]
GOLD and SILVER PRICES remained steady on Monday morning in London against a rebounding US Dollar, write Steffen Grosshauser and Adrian Ash at BullionVault. With New York shut for Presidents Day – and ahead of meeting minutes due Wednesday from the US Federal Reserve’s latest policy meeting – global equity markets were mixed as […]
Dukascopy Forex TV Team is back with this week’s first Midday Snapshot. Euro/Dollar has walked in a relatively narrow range of 47 pips and the pair sees just half of the monthly average funds. Sentiment of the traders is bearish, short positions are up by 15%. Both the passive trading and narrow price movement range […]
Dukascopy Forex TV Team is back with the Economic Calendar, where we’ll take a look at the potential FX movers for Tuesday. There are two January publications scheduled at 7 AM, including German Producer Price Index. Prices have been on a rise, increasing for six consecutive months now. Swiss Trade Balance is the other item […]
Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated an upcoming bearish reversal. As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why the further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident […]
Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]
Disappointing statistics on U.K. retail sales for January (+ 0.1% with a forecast of + 0.5% m / m) and profit taking on short positions on the U.S. dollar put an insurmountable barrier to the pound “bulls” to the north. Looking at how the profitability growth of the 10-year treasury bonds, the chances of the […]
The Bitcoin (BTC) has been trading upwards. The price tested the level of $11.010. 2018 might be a breakout year for cryptocurrency wallets. The Bitcoin.com wallet is set to reach 2,000,000 downloads soon and has integrated Shapeshift into its platform. More recently, San Diego-based Edge released its wallet from a three month long beta, going […]
