USD/JPY is expected to trade in a higher range. The pair remains trading on the upside within a rising channel since October 4, and stands firmly above its support level at 103.30. At the same time, the ascending 50-period moving average is playing a support role as well, and the downside potential should be limited […]
USD/CHF is expected to extend its upward movement. The pair holds on the upside with a succession of higher tops and higher bottoms since October 6. Meanwhile, the rising 50-period moving average is playing a support role and maintains the bullish bias. In addition, a strong support base at 0.9760 has formed and the downward […]
NZD/USD is expected to trade with bearish bias as the key resistance lies at 0.7200. The pair posted some technical rebounds, but is still trading below its key resistance at 0.7200, which maintains the strong selling pressure. Meanwhile, the relative strength index is above its neutrality area at 50, but lacks upward momentum. In conclusion, […]
GBP/JPY is expected to prevail its downside movement. The pair accelerated on the downside after the bearish breakout of its horizontal level at 131.00. The previous support now acts as a key resistance and should limit any upside moves. Additionally, the pair broke below the lower boundary of the Bollinger Bands, which could indicate a […]
New copper & Gold targets at Cloncurry project in Australia, 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/#194344 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 […]
An outlook on copper today and the upcoming years, 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/#194273 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: […]
Since our previous analysis, gold has been trading sideways at the price of $1,267.50. Using the market profile analysis, I found strong downward momentum and yesterday’s peak area (resistance) at the price of $1,267.90 and point of control at the price of $1,271.75 on the 30M time frame. I placed simple moving average with 48 […]
GBP/JPY is expected to post some further upside gains. The technical picture of the pair is bullish above a rising trend line, which confirms a positive view. The upward momentum is further reinforced by its rising 20-period and 50-period moving averages, which play a support role and maintain the upside bias. The relative strength index […]
Recently, EUR/NZD has been moving sideways at the price of 1.5640. On the 1H time frame, I found tight tranding range (potential re-accumulation) between the price of 1.5600 (support) and the price of 1.5651 (resistance). SInce I found strong accumulation in the background and the trend is upward, my advice is to watch for buying […]
Rising dividends from gold production in Zimbabwe with happy shareholders, Mark Learmonth, CFO, Caledonia Mining. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#194375 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 […]
Gold price remains in a short-term bearish trend approaching the first important medium-term support levels of $1,250 where I expect to see the first important bounce. Gold price is now confirmed in a correction phase correcting the entire rise from $1,045. Red line – resistance trend line Blue lines – bearish channel Gold price is […]
Technical outlook and chart setups: Gold counter trend rally is awaited and should materialize by tomorrow. Please watch out for interim support at $1,250.00 levels for a bounce. The metal broke out of the triangle structure and rushed through $1,270.00 level before pulling back. Furthermore, it has printed fresh lows at $1,262.00 level now and […]
USDX still finds resistance at the 96.27 level, where bulls abandoned attempts to consolidate higher. The next step for the index should be the 96.74 in the north side, while a pullback can drive a move towards the 200 SMA price zone around the 95.79. We can expect a bullish reaction in that area, as […]
GBP/USD is currently trading inside a recovery mode above the 1.2700 handle and we could expect a test of the 1.2800 psychological zone. This should be taken as a corrective move and it could be targeting to reach the 200 SMA in coming days. However, if the pair does a breakout below the 1.2717 level, […]
Overview The gold price broke the $1,297.75 level yesterday and closed the daily candlestick below it, which pushes the price to extend the correctional bearish wave on the short-term basis and targets $1,249.94 levels mainly. Therefore, the bearish bias will be suggested in the upcoming sessions supported by the negative pressure provided by the EMA50. […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,266.35 in a high volume. Using the market profile analysis, I found strong downward momentum and peak area (resistance) at the price of $1,274.94 on the 30M time frame. The price is respecting that level, which is a sign that […]
In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target was projected towards 0.9450. In March 2015, the EUR/USD bears challenged the next monthly demand level around 1.0570, which had been previously reached in […]
For the last few weeks I’ve been bullish about Gold as long as price was above $1,300. I warned several times that a break below $1,300 would be a bearish sign and that prices would need to make a deeper pullback towards $1,250-$1,200. Yesterday we saw support fail and Gold crash. Red line – resistance […]
Despite a thin economic calendar yesterday and after a long time, volatility was the theme of the day. Price action was most evident in GBP, EUR, OIL and GOLD due to various reasons for each which we will describe below. For today, the key data out of the US is the ISM non-manufacturing index. In […]
Technical outlook and chart setups: Gold finally broke below $1,302.00 level yesterday as expected earlier but it did not produce the counter trend rally towards $1,330.00 levels!! The metal broke out of the triangle structure and rushed through $1,370.00 levels before pulling back. The metal is seen to be trading at $1,274.00/75.00 levels for now, […]
When the European market opens, the economic calendar will be replenished with some reports such as German 10-y Bond Auction, Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release the economic data too such as Crude Oil Inventories, Factory […]
In Asia, today Japan will not release any economic data, but the US will release a string of reports such as Crude Oil Inventories, Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance, and ADP Non-Farm Employment Change. So there is a probability the USD/JPY pair will move with low to medium volatility […]
The index strengthened during yesterday and now it’s facing the resistance level of 96.27, where a breakout should happen in order to extend gains toward the 96.74 resistance zone. However, if the pullback is strong enough at this stage, then we can expect a decline to test the 95.79 level, where the 200 SMA lies […]
The sterling refreshed it’s 30-year low in Tuesday’s session and the weakness worsened across the board, as the pair is well consolidated below the 200 SMA on H1 chart. However, the oversold conditions are easily recognized at this stage. One could expect a rebound, at least towards the psychological level of 1.2800, but a breakout […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,306.63. According to the 4H time frame, I found a large falling wedge formation (bullish formation). The price is in the middle of the falling wedge. Anyway, according to the 30M time frame and using market profile analysis, I found […]
The outperforming US ISM figure lifted market expectations of a rate hike in December to 55.7%, according to the CME’s FedWatch. The dollar index (Dec) surged since last night, breaking the near term resistance levels at 95.60 and 95.80. This morning the bulls further broke the near term major resistance at 96.00. It is currently […]
Recently, EUR/NZD has been moving downwards. The price tested the level of 1.5305 in an average volume. According to the daily time frame, the price has broken supply trendline and is testing the 21SMA. It is still bullish according to the daily time frame. The 1H time frame shows the price has broken the trading […]
Gold price remains very weak making lower lows and lower highs just above the $1,300 support area. The fact that Gold has not reversed yet to the upside decreases the chances of that happening and increases the chances of a move towards $1,280 before any upside bounce. Blue line – support Red line -resistance Gold […]
USD/CHF is expected to trade with bullish bias above 0.9700. The pair remains on the upside within a bullish channel, which emerged on September 30. At the same time, the 50-period moving average is heading upward, and acts as a support role. The relative strength index is above its neutrality area at 50, and lacks […]
NZD/USD is expected to trade in a higher range as the bias remains bullish. The pair is consolidating after having broken below its 20-period moving average. The relative strength index is below its neutrality level at 50 and lacks upward momentum. Nevertheless, the rising 50-period moving average is playing a support role and maintains the […]
