Forex Market Review (European Session) – Euro shines as SPD agrees to resume coalition talks; dollar sinks to two-month low

Euro bulls pushed the euro to a fresh two-month high during the European session after upbeat readings on German business climate improved sentiment on the Eurozone’s outlook and political risks in Germany eased. The dollar weakened even further amid a strengthening euro, while disappointing PMI readings added further losses to the currency. Business confidence in Germany reached new record […]

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24.11.2017 – Movers and Shakers by Dukascopy

Currency markets haven’t been as busy as shops on this black Friday, so how do the 8 majors line up at 3 PM GMT? Euro/Yen is the mover of the day with a gain of point 64%. The pair rose sharply after 1 PM GMT. Economic calendar is light on this week’s last trading day […]

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Trading Plan for EUR/USD and US Dollar Index for November 24, 2017

Technical outlook: The EUR/USD pair has pushed higher towards 1.1874 levels until now. Believe it or not, the pair is very close to fibonacci 0.618 resistance as seen on chart view here. The entire drop between 1.2092 through 1.1550 levels can be still defined as a potential leading diagonal (labelled as 5 waves down), terminating […]

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Week Ahead – Manufacturing PMIs and inflation data to dominate; OPEC meeting also eyed

After a relatively quiet week, the economic calendar is looking busier for the coming seven days. Manufacturing PMIs will be released in most major economies as the month comes to an end, and inflation measures for the Eurozone, Japan and the United States will also highlight the week. Canada will be in focus too as […]

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Technical analysis of USD/JPY for November 24, 2017

USD/JPY is under pressure. The pair is under pressure below the key resistance at 111.65, which should limit the upside potential. The U.S. dollar remained subdued as the Euro maintained its strength in face of upbeat euro zone business data and growth in the German economy. As long as this key level is holding on […]

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Daily analysis of USD/JPY for November 24, 2017

Overview The USD/JPY pair shows slightly positive trading after testing 111.00 level, influenced by stochastic’s positivity. As a result, the pair is losing its bullish momentum clearly and approaching the overbought areas. This supports the chances of a bearsih move with a further correctional bearish bias. Therefore, we still suggest the bearish trend in the […]

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27.11.2017 – Economic Calendar by Dukascopy

Monday, the 27th of November, is not a very busy day in terms of news releases, but let’s take a closer look nevertheless. Well, in fact, there’s just one item on this very short schedule, which is US New Home Sales for October. They are released at 3 PM GMT and are worth a closer […]

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24.11.2017 – Midday Snapshot by Dukascopy

Find out if traders have managed to work out the currency rate movements as we reach the midpoint of this week`s last trading day. Euro/Dollar shows limited rate movement – high and low difference measures at only 38 pips, but the pair sees a typical amount of funds. Neutral sentiment of the traders is 11% […]

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GBP/USD analysis for November 24, 2017

Recently, the GBP/USD has been trading upwards. The price tested the level of 1.3331. According to the 15M time – frame, I found that price broke falling wedge, which is a sign that buyers are in control. I also found an oversold stochastic oscillator, which is another sign of strength. My advice is to watch […]

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BITCOIN Analysis for November 24, 2017

BITCOIN has been consolidating throughout the week after breaking above $8,000 price area. Price has been extremely volatile as well which is currently taken as the impact of the recent Bitcoin wallet hacks. Though Bitcoin is going through some tough challenges right now but it has proved its strength by overcoming any drawback several times […]

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NZD/USD Intraday technical levels and trading recommendations for November 24, 2017

Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick bullish advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside. Recent bearish pullback was executed […]

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24.11.2017 – Spike Controller by Dukascopy

Weekend is just around the corner now, but don`t let your guard down and keep checking how fair your trades are executed by watching the Dukascopy Spike Controller. Euro/Dollar’s long term average and maximum spreads are point 43 and 1.8 pips respectively. Rate movement is mostly flat and the pair rose by point 32% or […]

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Technical Analysis – CHI50 index pauses rally; neutral in short-term

CHI50 started a strong rally in the mid-May, flying to a two-year high – a breath below the 14,000 – key level on November 22. But since then, the index took a knock, sinking by almost 4.0% and falling below the 20-period exponential moving average (EMA) in the four-hour chart, painting a neutral picture in […]

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Intraday technical levels and trading recommendations for EUR/USD for November 24, 2017

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. […]

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Technical analysis of NZD/USD for November 24, 2017

Overview: Currently price is seen at the point of 0.6772 on the H1 and H4 charts. The NZD/USD pair continues rising from the level of 0.6779 in the long term. It should be noted that the support is established at the level of 0.6779 which represents thedoule bottom on the H4 chart. The price is […]

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Technical analysis of USD/CHF for November 24, 2017

Overview: The pivot point of USD/CHF pair is seen at the price pf 0.9831. The USD/CHF pair fell from the level of 0.9870 towards 0.9800. It should be noted that volatility is very high for that the USD/CHF pair is still moving between 0.9831 and 0.9783 in coming hours. Furthermore, the price has been set […]

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Fundamental Analysis of AUD/JPY for November 24, 2017

AUD/JPY has been quite corrective recently residing in the middle of the range from 84.00 to 85.70. AUD has been weaker amid recent economic reports and the infrastructure that pushed AUD down against JPY in comparison. This week, AUD has found minor support from the economic reports like Construction Work which showed an increase to […]

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Bitcoin analysis for 24/11/2017

The governor of the South Korean financial regulator said that there were no plans to oversee BITCOIN transactions. Choe Heung-sik, head of the Financial Leasing Service (FSS), said that since his agency does not consider the cryptocurrency to be a legitimate currency, FSS does not intend to oversee their trading. Choe added that the South […]

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Trading plan for 24/11/2017

The US Dollar is going through a moderate rebound with the help of rising yields on government bonds. But the liquidity conditions remain poor, so volatility is not great at the moment. EUR / USD is close to 1.1850, while the GBP / USD is losing slightly below 1.3290. The stock market in Japan and […]

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Daily analysis of major pairs for November 24, 2017

EUR/USD: The EUR/USD pair has continued going upwards, as price has gained 120 pips since Wednesday. The resistance line at 1.1850 is under siege (having been tested several times) and it would soon be breached to the upside as price goes for another resistance line at 1.1900. USD/CHF: The USD/CHF pair has continued going downwards, […]

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Ichimoku indicator analysis of USDX for November 24, 2017

The Dollar index is very close to our short-term bearish targets of 93.10-92.50. The trend remains bearish in the short-term. The Dollar index is could already have completed or is near completion of the downward move from 95. At least a short-term bounce will follow. Green rectangle – support area (broken) now resistance Red rectangle […]

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Forex Market Review (Asian Session) – Euro strong on improved Eurozone sentiment; pound flat as May heads to Brussels

With markets remaining partially closed on Friday for the Thanksgiving holiday week, the dollar was firmer in Asia, gaining on rising Treasury yields. In Japan, however, investors who also had a day off on Thursday, returned to their offices, pushing the Yen lower as Japanese and Chinese stocks traded higher after a strong sell-off on Thursday. The dollar index, which […]

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Ichimoku indicator analysis of gold for November 24, 2017

GOLD price remains inside the sideways channel just below important resistance levels. I continue to expect Gold to move lower towards $1,250 before resuming the longer-term upward move. Blue lines – trading range The Gold price is above the Ichimoku cloud in the 4 hour chart. This is a bullish sign. Support is at $1,285 […]

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Trading plan 11/24/2017

Trading plan 11/24/2017 Big picture: The market is ready for a new wave of growth against the dollar. Positive news on Germany: Merkel received support from the main opposition party, SPD. After talks with the German president, the SPD leader said he was ready to support the government of Merkel – the only question is […]

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