The price is hovering below major resistance at 0.7969 (Fibonacci extension, horizontal swing high resistance) and we expect to see a drop from this level towards 0.7841 support (Fibonacci retracement, Fibonacci extension, horizontal pullback support). The trigger for this trade would be when price breaks our ascending support line. Our stop loss is kept at […]

The price has bounced up perfectly from our buying area and is fast approaching our first profit target. We remain bullish above 111.38 support (Fibonacci retracement, horizontal overlap support) for a further push up towards 112.90 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension). Stochastic (34,5,3) is bouncing nicely off our 1.2% support as expected. […]

Overview: The USD/CHF is still trading around the spot of 0.9525. The Swissy pair probably will continue to trade downwards from the level of 0.9525 again. Today, the first resistance level is currently seen at 0.9525, the price is moving in a bearish channel now. According to the previous events, we expect the USD/CHF pair […]

Overview: The NZD/USD pair bullish trend from the support levels of 0.7333 and 0.7282. today, the price is in a bullish channel and the current price is seen around the minor support of 0.7413. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is […]

After OPEC stopped paying attention to other people’s drawn straws and admitted their respective faults, Oil prices resumed growth. According to the Petro-Logistic research, the cartel increased its production of black GOLD to 33 million b/ d, which is 145, 000 b /d more than in June. Obviously, the root of all problems should be […]

The index is still alive in the bearish trend and remains consolidated below the 200 SMA at H1 chart. However, the current tone is still sideways and as long as the greenback remains above the support level of 93.71, it can be looking for the 200 SMA to correct the downside in a first degree, […]

The pair managed to break above the resistance zone of 1.3027 and it seems the target is now placed around 1.3106. However, as GBP/USD remains well consolidated above the 200 SMA at H1 chart, we can expect further strength and the 1.3100 psychological level could be a feasible objective. To the downside, the nearest support […]

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EUR/JPY is currently residing inside a corrective structural range between 128.50 to 130.70 area. Euro has been quite dominating over Yen for last few months which is expected to come to a counter move in coming days. Due to hawkish comments on the ECB Conferences and bad economic reports on JPY the currency pair has […]

Let’s find out how the 8 major currencies line up on this Tuesday, which is the 25th of July. Australia/Yen started moving higher after 6 AM and the pair has gained point 58%, which is the day’s top move. Australian Dollar performs in sharp contrast with the other two commodity currencies and it’s the most […]

Overview The USD/JPY pair traded higher yesterday and settled above 111.00 barrier. The stochastic has clearly lost its positive momentum to reach the overbought areas. It forms a negative factor that may push the price to resume the bearish bias. The bearish wave may extend to target 110.15 areas in the upcoming period. Therefore, we […]

Overview GOLD price managed to close the daily candlestick above $1,254.56 level which is a positive factor that supports extending the bullish wave in the upcoming period. Besides, the stochastic reached the oversold areas’ thresholds, waiting to motivate the price to continue rising today. Therefore, these factors encourage us to continue suggesting the bullish trend […]

Overview The GBP/JPY pair remains affected by downward pressure, while supported by the stability of the main resistance at 147.63. Formation of initial resistance at 145.35 levels increases the possibility of a new negative attack. The nearest target is settled at 143.50 and it is likely to face the moving average 55; and a break […]

Overview The Silver price did not show any strong moves yesterday fluctuating within a tight track confined between the key levels represented by the 16.20 support and the 16.56 resistance. We are waiting for a breach of these levels to detect the next trend clearly, until then we remain neutral. We remind you that a […]

GBP/JPY is expected to trade in a higher range. The pair is rebounding and is trading above the rising 20-period moving average, which is playing a support role. In addition, the 20-period moving average just crossed above the 50-period one, which is a positive signal. It is still supported by a rising 50-period moving average. […]

Find out how trading has been shaping up for market players during the morning session on this Tuesday by watching the Dukascopy Midday Snapshot. Euro/Dollar rose slightly by just 38 pips and the pair stands point 24% in the green at noon. Turnover is average and neutral sentiment of the market players is 2% long. […]

GBP/USD has been bullish recently due to bad economic reports on the USD side despite the political unrest and Brexit effect on the currency. Today GBP CBI Industrial Order Expectations report was published with a decreased figure at 10 from the previous figure at 16 which was expected to be at 12 and 30-y Bond […]

A sense of caution lingered across the markets on Tuesday with Asian and European equities mixed ahead of the FOMC statement this week. OPEC and Non-OPEC members offered Oil markets a lifeline on Monday after they displayed optimism over the current production cut deal. The Greenback remains pressured by the political drama in Washington while […]

Daily Outlook The NZD/USD pair has been trending up within the depicted bullish channel since January 2016. In November 2016, early signs of bullish weakness were expressed on the chart when the pair failed to record a new high above 0.7400. A bearish breakout of the lower limit of the channel took place in December […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target is 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. […]

Wednesday brings the latest Fed statement, and it’s definitely worth a closer look. But first, there’s the Swiss UBS Consumption Indicator for June, which is scheduled at 6 AM. The Index rebounded in May from the 11-month low reached the previous month. The closely watched preliminary estimate of UK Second Quarter GDP comes at half […]

Global macro overview for 25/07/2017: Some important and positive conclusions from OPEC and non-OPEC members meeting are in focus of global investors. The Joint OPEC and non-OPEC Ministerial Monitoring Committee (JMMC) had met on Monday in Saint Petersburg to exchange analytical data and forecasts between the participants of the agreement. After the JMMC examined the […]

USD/JPY is currently showing some bullish pressure after rejecting the support level of 110.60 yesterday. Today the Bank of Japan revealed the Monetary Policy Meeting Minutes today which showed that the bank is holding the monetary policy upgradation and not disclosed any hint on quantitative easing. That is why the Japanese currency has got weaker […]

Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3007. According to the 30M time frame, I found that the pair is trading in the upward channel and that there is a successful testing of lower diagonal. Besides, I found a hidden bullish divergence on the moving average oscilator, which is […]

Find out if and what news reports have influenced the spreads levels over the past 24 hours by watching the Dukascopy Spike Controller. Euro/Dollar’s long term average and maximum spreads are point 32 and point 9 pips respectively. The pair has moved slowly higher, gaining point 37% or 43 pips to hit the high of […]