Technical Analysis – NZDUSD sees increased downside pressure

NZDUSD has shifted its near-term bias to bearish after dropping sharply to break key support at 0.7055. The odds are high for a move towards the next major low in the 0.6800 area. On the 4-hour chart, RSI has fallen into bearish territory below 50, indicating momentum is tilted to the downside. Price action is […]

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Forex Market Review (Asian Session) – Kiwi sinks as Peters supports Labour Party; aussie slips as China’s growth softens

A day after China’s twice-in-a-decade Communist Party Congress commenced, statistics out of China showed that the economy continued to grow above the government’s annual target, giving more confidence on President XiJinping’s leadership. However, the expansion was slightly softer relative to the previous quarter, with the Australian dollar falling slightly in the wake of the data. […]

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Trading plan for 19/10/2017

Trading plan for 19/10/2017: The overnight trading was again without major changes. EUR/USD is holding around 1.1800, USD/JPY is 113.00 and GBP/USD is trading around 1.3200. The data from China confirmed, that Chinese economy in the third quarter grew at a consensus 6.8% on a yearly basis. On Wall Street moderate gains and relative strength […]

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Last minute burning forecast 19/10/2017

Last minute burning forecast 19/10/2017 GBPUSD – upward. Strong data on the economy of Britain and the Fed’s weak report pushed the Pound upward. In recent days, strong data have emerged for the pound: unemployment in England at multi-year lows; inflation, on the contrary, is breaking records in recent years. The Bank of England is […]

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Technical analysis of USDX for October 19, 2017

As expected, the US dollar index reversed lower after being rejected at the 61.8% Fibonacci retracement resistance. The entire upward bounce should be in and a lower high is the bearish sign we were expecting. Blue lines – bullish channel The Dollar index has broken out and below the bullish channel. This is the first […]

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Technical analysis of gold for October 19, 2017

GOLD price has reached the support at the 61.8% Fibonacci retracement. I expect an upward reversal from current levels. If this does not happen, we should expect gold to fall towards $1,240-50. Blue line – expected move Gold price is testing the lower Ichimoku cloud boundary and the 61.8% Fibonacci retracement. Oscillators are oversold and […]

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Wall Street Kicks Off Earnings Season in Fine Form

Earnings season is upon us, and Wall Street is looking sharp. A slew of early performances suggest American companies are poised for another quarter of year-over-year earnings growth. According to FactSet, a financial research firm, 6% of S&P 500 companies have reported actual Q3 earnings as of 13 October. Four-fifths of those companies reported per-share […]

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October 19th, 2017: Yen Hit By Election Jitters

Morning Report: 07.00 London This morning, the Japanese Yen remains on the back foot after heavy selling yesterday. Investors are nervous ahead of the weekend’s elections. Following recent shock populist results, investors are steeling themselves for an outside shock. The USD/JPY remains in an elevated position, with the AUD/JPY pushing higher. The latter is pushing […]

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19.10.2017 – Support and Resistance by Dukascopy

Hello traders, the Dukascopy TV team is here with Thursday’s Support and Resistance Level Report. Euro/Dollar has been trending higher and now stands between R1 of 1 1820 and S1 of 1 1790. The lowest resistance line has found 6 matches, and R2 is a 50 day moving average with 5 confirmations. Bollinger Upper Band […]

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Bank of England Faces Conundrum

On Wednesday, data released by the UK Office for National Statistics (ONS) showed average weekly earnings (excluding bonuses) rose 2.1% in August – slightly higher than the 2% forecast. However, in real terms, due to higher inflation, they fell 0.4% on the year before. The swaps market is expecting an 80% chance of a rate […]

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Technical Analysis – USDJPY neutral both in the short- and medium-term

USDJPY is neutral both in the short- and medium-term.  A broad range of (roughly) 108 and 114 has been formed since March and this is highlighted by a lack of direction in the major moving averages (50,100 and 200-day). Price action in the near-term since September 20 shows a consolidation range between 111.46 and 113.43. […]

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Elliott wave analysis of EUR/NZD for October 19, 2017

Wave summary: We were looking for a b-wave rally to 1.6584, this target has been spiked as the high has been seen at 1.6662. The high at 1.6662 likely was the top for wave b and wave c to below 1.6298 closer to 1.6150 is now expected. To confirm wave c lower has taken over, […]

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Elliott wave analysis of EUR/JPY for October 19, 2017

Wave summary Make it or Break it – EUR/JPY is now sitting just below important resistance at 133.49, this resistance will need to cap the upside to confirm more downside pressure towards 127.80. Short-term a break below minor support at 133.05 will be the first good indication that the corrective rally from 131.64 has completed […]

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Technical analysis of EUR/USD for Oct 19, 2017

When the European market opens, some Economic Data will be released, such as Spanish 10-y Bond Auction. The US will release the Economic Data, too, such as Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, and Unemployment Claims, so, amid the reports, EUR/USD will move in a … volatility during this day. […]

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Technical analysis of USD/JPY for Oct 19, 2017

In Asia, Japan will release the All Industries Activity m/m and Trade Balance data, and the US will release some Economic Data, such as Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, and Unemployment Claims. So, there is a probability the USD/JPY will move with low to medium volatility during this day. […]

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AUD/JPY profit target reached absolutely perfectly, prepare to sell

The price has shot up from our buying area and reached our profit target absolutely perfectly. We prepare to sell on major resistance at 88.76 (Multiple Fibonacci retracements, horizontal swing high resistance, Fibonacci extension) for a push down to at least 87.92 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance at […]

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EUR/JPY shot up and reached our profit target perfectly, prepare to sell

The price has shot up from our buying area and reached our profit target perfectly. We prepare to sell on major resistance at 133.29 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push back down to at least 131.90 support (Fibonacci extension, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance at 98% and […]

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News Trading Strategies with Kathy Lien

Internationally recognised market expert Kathy Lien shares the strategies she used to trade the News in September, and how she gained 500 pips around live news events.

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The Fed blocked the gold oxygen

The reduction in the degree of geopolitical risks, the growth of the yield of US Treasury bonds and the strengthening of the dollar made GOLD notch a three-day decline in prices. The precious metal has returned to the weekly low, and judging by the growing probability of tightening the Fed’s monetary policy in December to […]

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Daily analysis of GBP/JPY for October 18, 2017

Overview The GBP/JPY pair traded downwards yesterday moving away from the resistance at 149.10, which confirms its affection by the bearish correctional domination. We will keep waiting for the price to reach the first correctional target at 146.80, reminding you that extra negative pressure will allow the price to resume its bearish attack and reach […]

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Daily analysis of Gold for October 18, 2017

Overview GOLD price is trading lower, heading for the key support at 1,281.17. Traders are advised to excercise caution in the short term, as settling below this level will extend Gold price losses to reach 1,263.15 in the upcoming period. In general, we will keep today’s bullish scenario valid on condition of holding above 1,281.17. […]

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Daily analysis of Silver for October 18, 2017

Overview Silver price is trading lower to move below the bearish trend line again. This might push the price to test the key support 16.56 before turning back to rise again. Stochastic keeps getting rid of its negative momentum to support the expectations of a further overall bullish trend, which is holding above 16.56. The […]

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Forex Market Review (European Session) – Dollar pulls back as Trump opposes Senate healthcare deal; pound down as real wages disappoint

While China was in the spotlight during the day, with the Chinese President Xi Jinping opening the country’s biggest political event, the Communist Party Congress, in the US, President Trump showed opposition to the bipartisan healthcare deal, driving the dollar lower. The Pound also weakened after employment data showed that UK real wages remain negative. […]

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Fundamental Analysis of USD/CAD for October 18, 2017

USD/CAD has been quite corrective recently inside the range of 1.2420 to 1.2660. USD has been weighed down by weak economic reports recently whereas a positive report from Canada today helped with CAD gains. Recent FOMC minutes were bearish for USD which led to further weakness against CAD. Nevertheless, the bias is bullish in the […]

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18.10.2017 – Movers and Shakers by Dukascopy

It’s 3 PM GMT on this Wednesday, 18th of October and time for us to find out where the 8 major currencies stand. Canada/Yen has given bears no chances and uptrend puts the pair point 75% in the green, which is the day’s top move. Loonie Dollar tops the table as Canadian manufacturing sales jumped […]

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Technical analysis of USD/JPY for October 18, 2017

USD/JPY is expected to continue its upside movement. Despite the pair retreated from 112.45 (the high of October 17), a support base at 112.25 has formed and has allowed for a temporary stabilization. Even though a continuation of consolidation cannot be ruled out, its extent should be limited. Hence, as long as 112.25 is not […]

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Global macro overview for 18/10/2017

Global macro overview for 18/10/017: One of the most anticipated political events this autumn has just begun – the Communist Party of China, which takes place every five years, is gathering to elect new authorities (including the president) and set new political goals. President Xi Jinping’s speech did not bring surprises, but for the markets […]

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