• EUR/USD analysis for May 24, 2017

    Recently, the EUR/USD has been trading downwards. As I expected, the price tested the level of 1.1170. Anyway, according to the 15M time frame, I found a fake breakout of yesterday’s low at the price of 1.1175. There is also a hidden bullish divergence on the moving average oscillator, which is another sign of potential […]

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  • 24.05.2017 – Spike Controller by Dukascopy

    Dukascopy Forex TV Team brings you the benchmark interbank price data for this Wednesday with the primary Spike Controller. Euro/Dollar’s long term average spread is point 3 pips and both of the sides were 1 pip apart yesterday. The pair has slipped below the 1 12 level during the past 24 hours, declining by a […]

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  • USD/CAD intraday technical levels and trading recommendations for May 24, 2017

    Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel. In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, significant bearish rejection was expressed around 1.3580 (recently established top). During the […]

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

    In December 2016, a bullish breakout above 0.6960-0.7000 allowed the pair to head toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure on the pair. Bullish persistence above 0.7100 allowed a further advance toward 0.7250-0.7350 (Sell-Zone) where the bearish price action was expected. Bearish persistence below 0.7250 allowed […]

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  • 24.05.2017 – Trading Signals by Dukascopy

    These are the Main Daily Trading Signals for Wednesday. Here’s how the technicals compare with the interbank at 8 AM GMT. The first pair for this report is the Euro/Dollar, which sees 6 and 4 bearish signals on its short and mid-term charts, respectively. The long-term scale brings 4 green studies, in line with the […]

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  • USD Bounces From 6-1/2-Month Low, Eyes on FOMC Minutes

    The Trump administration has presented its 2018 budget plan to Congress last evening. The budget plan calls to slash $3.6 trillion in government spending, mainly reducing the funding for healthcare and social benefits (such as Medicaid, SNAP, pensions for government officials) and Environmental Protection Agency funds. The cuts are to be used for funding to […]

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  • Global macro overview for 24/05/2017

    Global macro overview for 24/05/2017: The Gfk Consumer Climate benchmark from Germany has hit its highest level since 2001. Market participants expected no change from the already strong level of 10.2 points, but the fresh print was at the level of 10.4 points. This figure, yesterday’s Ifo data, and the recent flash data for Germany’s […]

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  • 24.05.2017 – Support and Resistance by Dukascopy

    Good Wednesday morning, you’re watching another Dukascopy Support and Resistance Level Report. We start with traders’ favourite pair, the Euro/Dollar, which has R1 of 1 12 and S1 of 1 1170. Bollinger Upper Band is among the 5 models for R2, while the lowest resistance line has found 4 matches. R3 is a 6 month […]

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  • Trading plan for 24/05/2017

    Trading plan for 24/05/2017: The Moody’s rating agency has cut China’s rating from Aa3 to A1, which made an impact on the AUD and the Shanghai Stock Exchange. However, the vast majority of financial markets was calm overnight, with the US Dollar gaining slightly and the Crude Oil trading near the highs as the OPEC […]

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  • Fundamental Analysis of NZD/USD for May 24, 2017

    NZDUSD has broken above the corrective structure resistance 0.6950 with a good amount of bullish pressure. Yesterday, we saw a bullish rejection on the daily candle which signals the presence of bears currently in the pair. Today, a Trade Balance report was published in New Zealand which showed a surplus of 578M, higher than forecast […]

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  • Fundamental analysis of USD/CAD for May 24, 2017

    USD/CAD is currently in a bearish bias after breaking below the event level of 1.3600. Today is a very important day for CAD as the Bank of Canada will announce its rate decision along with the BOC statement. The overnight rate is expected to be unchanged at 0.50%. On the USD side, today we have […]

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  • Fundamental analysis of EURJPY for May 24, 2017

    EUR/JPY has been in a volatile bullish structure after breaking and retesting the level of 123.50. Today, GFK German consumer climate report was published with a positive figure at 10.4 which was expected to be at 10.2. Besides, ECB President Draghi is going to speak today about short-term interest rates and upcoming monetary policy. This […]

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  • Elliott wave analysis of EUR/NZD for May 24, 2017

    Wave summary: We have seen the expected corrective decline in wave [ii] closer to support near 1.5836 from where a turn higher in wave [iii] is expected towards 1.6655. As long as minor resistance at 1.6036 is able to cap the upside, as long is a little more downside closer to the ideal 1.5836 target […]

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  • Elliott wave analysis of EUR/JPY for May 24 – 2017

    Wave summary: We continue to look for a little more downside into the support zone between 123.59 – 123.92 to complete wave ii and set the stage for the next impulsive rally in wave iii towards 134.30 with the ideal target for wave C seen near 138.52. Short-term a break below minor support seen at […]

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  • Ichimoku indicator analysis of USDX for May 24, 2017

    The Dollar index is turning higher as we expected. We have been waiting for a strong bounce in the Dollar index targeting the 98.50-99 area. Being bearish the Dollar index the last couple of days was wrong with no good risk reward ratio. The Dollar index is now testing the 4-hour kijun-sen resistance. Price is […]

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  • Trump Impeachment Odds

    In my 39 years, I have never witnessed a US Presidency with as much drama as I have seen in just over 100 days since Donald Trump was elected. And in this short time talks of a Trump impeachment are already surfacing. I was too young to be fully aware of President Regan’s presidency, then […]

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  • Technical analysis of USD/JPY for May 24, 2017

    In Asia, Japan will release the Flash Manufacturing PMI data, and the US will release some Economic Data, such as FOMC Meeting Minutes, Crude Oil Inventories, Existing Home Sales, and HPI m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.37. […]

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  • Technical analysis of EUR/USD for May 24, 2017

    When the European market opens, some Economic Data will be released,such as Belgian NBB Business Climate, German 10-y Bond Auction, and GfK German Consumer Climate. The US will release the Economic Data, too, such as FOMC Meeting Minutes, Crude Oil Inventories, Existing Home Sales, and HPI m/m, so, amid the reports, EUR/USD will move in […]

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  • Technical analysis of USD/CHF for May 24, 2017

    Overview: The market is still set trader around the daily pivot point of 0.9739. Yesterday, it continued to move downwards from the level of 0.9787 to the bottom around 0.9739. Today, the first resistance level is seen at 0.9787 followed by 0.9847, while daily support 1 is seen at 0.9691. The USD/CHF pair broke support […]

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  • Technical analysis of NZD/USD for May 24, 2017

    Overview: On the one-hour chart, there is the USD/CHF pair bullish trend from the support levels of 0.6953 and 0.6985. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), […]

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  • Daily analysis of USDX for May 24, 2017

    The index is trying to recover from its recent losses and it’s testing now the resistance zone of 97.41. A breakout over there can open the doors for another rally towards the 98.11 area, which is slightly above the 200 SMA. To the downside, the support level of 96.90 continues to be a solid demand […]

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  • Daily analysis of GBP/USD for May 24, 2017

    The pair remains under a limited pressure amid latest headlines about the terrorist attack in Manchester last night, which left 19 died and several people injured. The support zone of 1.2960 is limiting the bearish’s advance for the short-term and one could expect a rebound to test the 1.3038 level. By the other hand, with […]

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  • 23.05.2017 – Movers and Shakers by Dukascopy

    Here’s what’s moving and shaking on the currency markets at 3 PM GMT on Tuesday, 23rd of May. Australia/Yen had a slight correction after noon GMT, but the pair stands point 57% in the green, which is the day’s top move. Commodity currency trio is having a bullish day and Australian Dollar tops the table, […]

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  • USD/CAD remains bullish above strong support

    The price has reached our buying level perfectly. We remain bullish, looking to buy above 1.3503 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave theory) for a push up to 1.3641 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (34) sees strong horizontal support above our 36% level. Buy above 1.3503. Set stop loss […]

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  • Fundamental analysis of GBP/USD for May 23, 2017

    GBP/USD has been in a bullish volatile trend since the break above 1.2800 level. A good amount of correction can be seen in this pair while it moves towards a higher level. However, the counter is expected due to negative economic reports from the United Kingdom. Today the Public Sector Net Borrowing report was published […]

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  • Daily financial news by- Binary.com- May 23th, 2017

    Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and Commodities to global currencies, Indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Daily financial news by- Binary.com- May 23th, 2017

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  • Google Assistant & GlassWire

    Google Assistant is here to help you keep up with your busy day to day life, and Dukascopy TV is here today to help assist you to keep up to date with the latest tech gadgets. We have as mentioned above Google Assistant, Red Dead Redemption and GlassWire! For more, stay tuned to this latest […]

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  • 24.05.2017 – Economic Calendar by Dukascopy

    Wednesday brings a high importance release for the Loonie Dollar traders, so let’s find out more. Coming up first at 6 AM is German GfK Consumer Confidence for June. The May forecast grew by point 4 points as consumers are increasingly optimistic about the economic outlook and their own income prospects. Starting from 12:45 PM […]

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