Price is right on channel support at 1.4650. We consider buying at this level for a small push up to strong resistance at 1.4900. RSI (21) is right on an area of support where we expect a bounce from. Stochastics (21,3,3) is also bouncing above our 5% support signalling a bounce is fast approaching. Buy […]
Price is seeing channel support at 0.7290. We need price to break that level to open a drop to 0.7235. RSI (21) is also seeing ascending support, which similarly needs to be broken to open the move down to 0.7235 in relation to price. Sell below 0.7290. Take profit at 0.7235. Stop loss at 0.7325. […]
USD/JPY bounced above our major support at 100.00 (a big figure, Fibonacci projection, horizontal support) and we expect a further bounce above 100.50 to reach our profit target of 101.45. Stop loss is adjusted to 100.00 for breakeven to protect our profits. RSI (21) is displaying bullish divergence vs price signalling a reversal is impending. […]
Price rose and reversed below our stop loss level. We remain bearish looking to sell below 1.1225 now that price has reintegrated back into our descending channel, playing the drop all the way to 1.1160. RSI(21) has reacted off resistance at 76% signalling a bearish move is in progress. Stochastics (21,3,3) has reacted off our […]
Price is now on major resistanceat 1.0475 (horizontal overlap resistance, Fibonacci retracement, Fibonacci projection) where we expect a reaction from and a drop to 1.0340. Stochastics (21,3,3) is right on resistance at 91% too where we expect a similar bearish reaction from. Sell below 1.0500. Stop loss at 1.0535. Take profit at 1.0340. The material […]
Technical outlook and chart setups: Gold had rallied through $1,343.00 level yesterday before pulling back. Please also note that the metal has reacted at fibonacci 0.786 resistance of its earlier drop between $1,352.00 through $1,306.00 levels. The metal is seen to be trading lower at $1,334.00 level for now, looking to form a lower top […]
When the European market opens, a series of economic data will be released such as Belgian NBB Business Climate, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US is due to publish Flash Manufacturing PMI. So amid the reports, […]
In Asia, Japan will release the All Industries Activity m/m and Flash Manufacturing PMI. The US is due to publish 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: 101.61. Resistance. 2: 101.41. Resistance. 1: 101.21. Support. 1: […]
EUR/USD: Bulls are trying to push up the EUR/USD market, but with very limited success. Price must go above the resistance line at 1.1300 before there could be a clean bullish signal in the market. Otherwise, the current rally attempt would end up being another chance to go short. USD/CHF: There is a Bearish Confirmation […]
USDX had a very bearish early session on Thursday as expected, following the FOMC meeting and Yellen’s comments on Wednesday, but it managed to erase most of its gains and currently, the index is facing the resistance zone of 95.49. If we see a breakout higher, then we could expect that USDX consolidates above the […]
The pair managed to extend the recovery post-Fed, but it was rejected by the 200 SMA on H1 chart, around the 1.3116 level. Currently, we’re expecting a downfall continuation towards the support level of 1.3037 in the first instance, as the bearish structure seems to be strong on a short-term basis. MACD indicator is on […]
Since our previous analysis, gold has been trading upwards. The price tested the level of $1,336.86 in a high volume. The recent strength on Gold was caused due to FED Fund rate decision yesterday but today I found lack of professional interest for an upward movement. I found a broken upward trend line and sideways […]
USD/JPY is under pressure. The pair is trading below its descending 20-period and 50-period moving averages and is likely to test its next support at 100.05. At the same time, 101.25 represents a strong resistance and the upside attempts should be limited by this level. Besides, the relative strength index has broken down its 30 […]
Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5350 in a high volume. On the 30M time frame and using market profile, I found strength in the Aisan and European sessions. The price broke a downward trendline and created an upward trendline, which is a sign that buyers are in control […]
Bullish persistence above 0.6550 (depicted support) was necessary to keep the price moving towards higher bullish targets. In February and March, signs of bearish rejection (triple-top reversal pattern) were expressed around the price level of 0.6750 until April when a bullish breakout above 0.6750 and 0.6860 was executed. Later on May 6, daily candlestick closure […]
Yesterday the Fed announced rates remain unchanged, ranging at 0.25% – 0.5%. Despite the sound growth in the labour market, the economic indicators have given mixed signals. The Fed has cut the medium-term economic growth projection for 2016, from 2% to 1.8%, also has lowered the Q4 inflation projection, from 1.4% to 1.3%. The announcement […]
Gold price has reached our short-term target after breaking above $1,319. Price is making higher highs and higher lows and has reversed confirming our bullish reversal signals I noted yesterday. Short-term trend is bullish but medium-term trend remains neutral as price remains trapped inside the multi-week trading range. Gold price has broken above the 4-hour […]
Technical outlook and chart setups: Gold has almost achieved minimum expectations by hitting highs at $1,335.00 level yesterday. The metal is seen to be trading at $1,333.00 level at the moment, looking to drop lower at least as a retracement. The wave structure indicates that Gold might have completed its counter trend rally yesterday and […]
When the European market opens, some economic data will be released such as ECB Economic Bulletin. The US is due to publish a series of macroeconomic reports such as Natural Gas Storage, CB Leading Index m/m, Existing Home Sales, HPI m/m, and Unemployment Claims. So amid the reports, EUR/USD will move with low to medium […]
In Asia, today Japan will not release any economic data. However, the US will a series of macroeconomic reports such as Natural Gas Storage, CB Leading Index m/m, Existing Home Sales, and HPI m/m, Unemployment Claims. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S […]
Since our previous analysis, gold has been trading upwards. The price tested the level of $1,322.23 in a high volume. The price reached my take profit level from yesterday at the $1,309.50. According the 30M time frame and using the market profile, I found a selling tail in a high volume, which is a sign […]
Wild swings in Gold price after the BOJ are testing both support and resistance. Currently Gold price is breaking above the latest short-term high after successfully testing short-term support at $1,308. Price has now the potential for an upside move at least towards $1,330. Gold price is expected to test at least the lower cloud […]
Technical outlook and chart setups: Gold has touched $1,320.00 level today before dropping lower in a snap. The metal is trading at $1,311.50 level at this moment of writing, after hitting $1,307.00 lows. The metal should be looking to rally from the current levels and bulls should remain in control till prices stay above $1,306.00 […]
Overview Gold is trading sideways in a tight range since yesterday’s evening. The precious metal is holding above the bullish trend line that appears on the chart. At the same time, stochastic attempts to get rid of its negativity and gain positive momentum in intraday time frames, which forms the positive factor that we are […]
Since our previous analysis, gold has been trading sideways at the price of $1,314.15. According the 30M time frame and using the market profile, I found a point of control at the price of $1,315.60. I found the weakness on the European sesion and selling tail, which is a good sign for a further downward […]
Lithium is the future energy storage metal for batteries used like in Tesla cars. After Dieselgate will Volkswagen invest up to USD 5bn in Electric vehicle developments and battery technology. The Lithium price doubled in the last 12 month and can go higher, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view […]
Food prices and why the cooler sun might lead to a mini ice age, Udo Sutterluety, Sunares Natural Resources Funds. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#192564 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 […]
Gold price shows early signs of a bullish reversal. Gold price should break above $1,318.50 in order to continue towards $1,324 or $1,331. The medium-term trend remains neutral inside the trading range. Blue line – resistance trend line In the short-term, price is trying to make higher highs and higher lows. In the 30-minute chart, […]
General overview for 20/09/2016: Not much has changed since yesterday as the market is still trading inside the congestion zone that starts to evolve into a triangle pattern. The intraday count still suggests a deeper decline towards the level of 1.3030 and then a possible rebound higher. The intraday resistance at the level of 1.3252 […]
General overview for 20/09/2016: The main scenario that included the triangle pattern possibility has been invalidated as the wave c green had broken below the support at the level of 113.81. Currently, the next best count is an impulsive structure in development that might have been completed already. The bottom for the wave (2) would […]
