WTI spot had held above the significant support line at 50.00 in the past two weeks, after retracing from the mid-term major resistance level at 52.00. Yet the support line has been broken yesterday, as the API Crude Oil Stock figure surged to 4.8 million barrels, hit the highest level since this April. The breakthrough […]
Gold price has broken above the trading range and is making higher highs and higher lows. I remain short-term bullish looking for $1,300 to be reached. My long-term view remains bullish. Blue line – resistance Red line – support Gold price is above the Ichimoku cloud making higher highs and higher lows. As long as […]
Since our previous analysis, gold has been trading sideways around the price of $1,270.00. According to the 30M time frame and using the market profile analysis, I found the strong point of control from yesterday $1,265.00. The price broke the point of control from yesterday and I expect higher price. Upward targets are set at […]
Gold price continues to trade just above the $1,262 breakout area. Yesterday we saw a spike towards $1,272 but it was short-lived. This bounce has helped us see clearly the resistance levels ahead which are at $1,272-75 area. As long as we are above $1,247 we look for an immediate bounce towards $1,290-$1,300 at least. […]
Technical outlook and chart setups: The US Dollar Index has re-tested yesterday’s highs at 98.84 level before dropping lower again. The index is trading at 98.74 for now, looking to drop lower further towards 97.60 and 97.40 levels at least as displayed here. Please also note that 97.60 is immediate support while 97.40 is the […]
Technical outlook and chart setups: The EUR/USD has been drifting sideways for last 24 hours with no change in its structure and pricing. The pair is seen to be trading at 1.0879 levels for now and needs to push through at least 1.1040 levels to confirm further upside or to complete retracement. Please note that […]
Technical outlook and chart setups: Gold had swung both sides, $1,261.00 and $1,271.00 levels yesterday, hinting a flat wave 4 correction. The metal is trading at $1,265.00 level for now and should be looking to push higher towards $1,280.00/1300.00 levels from here. Please note that the metal should push through the past support turned resistance […]
When the European market opens, some economic news will be released such as German Ifo Business Climate and ECB President Draghi speech. The US will post a series of macroeconomic reports such as Richmond Manufacturing Index, IBD/TIPP Economic Optimism, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, and HPI m/m. So amid the reports, EUR/USD will […]
In Asia, today Japan will not release any economic data. The US will post some macroeconomic reports such as Richmond Manufacturing Index, IBD/TIPP Economic Optimism, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, and HPI m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL […]
Since our previous analysis, gold has been trading sideways around the price of $1,264.00. According to the 30M time frame and using the market profile analysis, I found the strong point of control area at the price of $1,266.00. The price rejected successfully from the point of control, which is a clear sign of weakness. […]
/forex-images.instaforex.com/userfiles/20161024/GBPUSDH1.png”> Overview: The GBP/USD pair: The market opened below the weekly resistance of 1.2314. It continued to move downwards from the level of 1.2300 to the bottom around the spot of 1.2206 – 1.2240. This week, the first resistance level is seen at 1.2314 followed by 1.2403, while daily support 1 is seen at 1.2206. […]
Global macro overview for 24/10/2016: The series of flash manufacturing and services PMI data from the Eurozone were published this morning and they were mostly better than expected. Germany Manufacturing PMI was released at the level of 55.1 vs. 54.3 prior and 54.3 expected, and the Services PMI was at the level of 54.1 vs. […]
The gold price has pulled back to test the breakout area of $1,262 again. I believe this week it is ready for another move higher towards $1,280-90 at least. Gold has made an important low at $1,247, and a new up trend has started that will push it back towards $1,300 and maybe above it. […]
Technical outlook and chart setups: Gold seems to have made an interim bottom at $1,261.00 level last week and bulls should be looking to push higher this week. The metal is trading at $1,264.00/65.00 levels for now and should be looking to push higher towards $1,280.00/90.00 levels from here. Please note that the metal is […]
NZD/USD is under pressure. The pair is trading below its 50-peirod moving average, which plays a resistance role and maintains the downside bias. The relative strength index is below its neutrality level at 50 and is turning down. Additionally 0.7185 is playing a key resistance role, which should limit the upside potential. As long as […]
GBP/JPY is under pressure. The pair is trading within a bearish channel, which confirms a negative view. The declining 50-period moving average suggests that the pair still has potential for a further drop. In addition, the relative strength index is below its neutrality level at 50 and lacks upward momentum. As long as 127.30 holds […]
When the European market opens, some reports will be posted in the economic calendar such as Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The macroeconomic report from the US is the Flash Manufacturing PMI. So amid the reports, EUR/USD […]
In Asia, Japan will release the Flash Manufacturing PMI and Trade Balance. The US will release some economic news such as Flash Manufacturing PMI. 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: 104.44. Resistance. 2: 104.24. Resistance. 1: 104.03. Support. […]
USDX managed to end the week holding the bullish bias across the board, as the index is still trading above the 98.00 psychological level. Currently, the target to the upside remains in place at the 99.19 level, where strong resistance is located. If the index does a breakout over there, then we can expect a […]
GBP/USD finished the last week within a negative tone as the pair managed to consolidate below the 200 SMA on H1 chart. On Friday, we saw an attempt to break below the 1.2229 level, but the Cable is struggling to consolidate below that zone. Currently, our targets remain bearish and next key support is located […]
Overview Gold price continues to fluctuate around the EMA50, while stochastic begins to provide positive overlapping signal on the 4H time frame. These factors support our main bullish trend overview which depends on the stability above $1,249.94. Our main target starts at $1,297.74. We remind you that breaching the targeted level will push the gold […]
Since our previous analysis, gold has been trading sideways around the price of $1,265.00. According to the 30M time frame and using the market profile analysis, I found the strong point of control area at the price of $1,261.50. The price rejected successfully from the point of control, which is a very good sign of […]
Gold price is making a pullback towards the breakout area of $1,262. Price remains inside the neutral cloud area but I believe support will hold and Gold price will continue its bounce and make short-term higher highs and higher lows. Red line – support (previous resistance) Gold price is inside the Ichimoku cloud. Trend is […]
Technical outlook and chart setups: Gold had spiked towards $1,275.00 level during New York session before retracing lower. The metal is trading at $1,262.00/63.00 levels at this moment of writing and should be looking to push higher towards $1,280.00/90.00 levels from here. Please note that the metal is just around the vicinity of past resistance […]
When the European market opens, some economic data will be released such as Consumer Confidence Index. EU Economic Summit is also held today. The US will not release any economic data. Therefore, EUR/USD will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.0980. Strong Resistance:1.0974. Original Resistance: 1.0963. […]
Since our previous analysis, gold has been trading sideways around the price of $1,270.00. According to the 30M time frame, I found strong upward momentum. I placed an upward trend line and the price respecting very well the upward trend line, which is a sign of strength. Using the market profile analysis, I found yesterday’s […]
New copper production with Chinese top player, Dr. Alistair Cowden, Managing Director, Altona Mining. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#194510 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman Regardez […]
As expected Gold price has broken above the trading range and has reached $1,270. Important resistance is at $1,280 and if broken we could see Gold price reach for $1,300 and higher over the next couple of weeks. A short-term trend is bullish as long as we hold above $1,250. Red lines – trading range […]
Technical outlook and chart setups: Gold finally broke above its resistance boundary at $1,265.00 levels and printed $1,273.00/74.00 highs yesterday. Please note that $1,265.00 will act as support now and help the metal to bounce back towards higher levels. Gold is seen to be trading at $1,272.00 levels for now and should be looking to […]
We look to sell on pullback from major resistance at 113.93 (Fibonacci retracement, horizontal pullback resistance) for a push down to 112.75 RSI (21) is below multiple resistance levels and remains bearish although we intend to see a bounce before a further drop. Sell below 113.93. Set stop loss at 114.70 and take profit at […]
