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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

Good morning traders, the Dukascopy TV team brings you the Primary Daily Trading Signals for Wednesday. All three time ranges bring different results for the Euro/Dollar, which is overwhelmingly bearish in the short-term. The mid-term sees 5 neutral indicators, and all 8 models are bullish in the long-term, in line with the more than 15% […]

Trading plan 07/19/2017 The overall picture: Trend against the dollar, but still waiting for the ECB on Thursday. In the market, there is a shortage of important news. The main event is tomorrow, July 20, the ECB’s decision on monetary policy. Markets are waiting for cautious statements from the ECB about the beginning of a […]

Global macro overview for 19/07/2017: The inflation data from the UK disappointed the global investors. The UK Consumer prices declined June to 0.0% compared with expectations of a 0.2% increase on the month and on a yearly basis it declined from 2.9% to 2.6% (this was also the first decline in the annual rate since […]

In the past few weeks, the Oil market has clearly become dull, looking at the tug-of-war between OPEC and US oil producers. It needed a new driver to get out of a tired state, and news from the International Energy Agency and from China could stir “bulls” for Brent and WTI. China announced a 5.1% […]

Trading plan for 19/07/2017: It was a calm night on financial markets. EUR/USD is testing the support at 1.1550, GBP/USD is trading around 1.3030 support. The strongest currency is still the Australian Dollar, which is supported not only by the optimistic views of monetary authorities on the economy but also by a rapid rally of […]

The Dollar index reached our target of 94.70 and is bouncing. Is this the end of the decline? Is the Dollar index going to make a strong bounce?Technically it has all the necessary conditions to do so but trend remains bearish. There is no reversal sign yet. Red line – resistance Blue line -support (broken) […]

GOLD price made new highs yesterday. Short-term trend is bullish. We could see a pullback towards $1,230 but overall I’m expecting a move towards $1,260 at least. Blue lines – bearish channel Gold price is trading above the 4-hour Kumo (cloud). Support is at $1,230. Resistance is at $1,250-60. Gold price could see $1,230 if […]

This is the Support and Resistance Level Report for Wednesday, and here’s how our in-house model tests out. Euro/Dollar has inched lower and now stands between R1 of 1 1570 and S1 of 1 1510. Price Channel Indicator Upper Line is among the 3 models for R1, and R2 is a 2 year high with […]

UK Consumer Price Index (CPI) data was released on Tuesday showing inflation easing for the first time in nearly 10 months, retreating from the near 4-year high touched in May, as fuel prices fell substantially in the UK in June. The consumer price index increased by an annual rate of 2.6% in June, falling below […]

EUR/USD: The EUR/USD has moved upwards seriously this week. Any short-term bearish corrections in the market may be followed by more bullish attempts. The outlook on the EUR/USD is bullish for this week, and the next target is located at the resistance line at 1.1600, which may be exceeded. USD/CHF: The USD/CHF has gone seriously […]

When the European market opens, some Economic Data will be released, such as German 30-y Bond Auction. The US will release the Economic Data, too, such as Crude Oil Inventories, Housing Starts, and Building Permits, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout […]

In Asia, today Japan will not release any Economic Data, but the US will release some Economic Data, such as Crude Oil Inventories, Housing Starts, and Building Permits. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.64. Resistance. 2: 112.42. Resistance. […]

The price has dropped strongly after making the bearish channel exit. We prepare to buy above strong support at 0.9527 (Fibonacci extension, bullish price action, channel exit potential) for a push up to at least 0.9593 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing strong support above 3.6% where we expect a further […]

The price has bounced up and reached our profit target perfectly. We prepare to sell below major resistance at 0.7367 (Fibonacci extension, horizontal swing high resistance, Elliott wave theory) for a drop from this level towards at least 0.7300 support (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3) is dropping nicely from our 90% resistance and […]

The price is approaching major resistance at 1.3170 (Fibonacci extension, long term swing high resistance) and we expect to see a reaction off that level for a drop to at least 1.2820 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 95% and we expect to see a drop from here. […]

The price is testing major resistance at 89.11 (Fibonacci extension, swing high resistance) and we expect to see a reaction off this level for a drop to at least 87.52 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) has started dropping from our 98% resistance nicely. Sell below 89.11. Stop loss is at 87.52. […]

The price has finally dropped to our buying level which is major support at 111.77 (Fibonacci retracement, Fibonacci extension, Elliott wave theory, horizontal overlap support) and we expect a bounce above this level for a push up to at least 114.32 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is approaching major support at […]

Overview: The USD/CHF pair fell from the level of 0.9665 to bottom at 0.9523 yesterday. Today, the USD/CHF pair has faced strong support at the level of 0.9523. So, the strong support has been already faced at the level of 0.9523 and the pair is likely to try to approach it in order to test […]

Overview: The NZD/USD pair is showing signs of strength following a breakout of the highest level of 0.7307. On the H1 chart. the level of 0.7307 coincides with 61.8% of Fibonacci, which is expected to act as minor support today. Since the trend is above the 61.8% Fibonacci level, the market is still in an […]

USDX extended the decline during Monday’s session on Healthcare headlines that two Republicans rejected to vote for it. Currently, the index could be targeting the support zone of 94.16, where a break below that level should help to accelerate the downside towards 93.29. MACD indicator is turning neutral and we can expect some consolidation moves […]

GBP/USD saw a strong decline from the resistance zone of 1.3106 and it looks like the pair could resume the bullish bias, as the 200 SMA at the H1 chart is very close to the current price. If that happens, it needs to break above 1.3106 in order to reach the 1.3238 level. MACD indicator […]

Volatility is back in the FX markets as Trump’s health care reform takes a hit and UK inflation slows down unexpectedly, so let’s see where this leaves the 8 major currencies. Sterling/Australia saw a couple of steep declines and they have resulted in a loss of almost 2%, which is the day’s biggest move. The […]

Wednesday brings a high importance release for the Aussie Dollar traders, so let’s take a closer look. Coming up first at 9 AM is the Euro Zone Construction Output for May. Output has been growing for the past 3 months, although at an increasingly slower pace. US Building Permits for June are out at 12:30 […]

EUR/USD: The EUR/USD has moved upwards seriously this week, exceeding our first two targets (1.1500 and 1.1550). The price is now going towards the resistance line at 1.1600, and it may test it between today and tomorrow. The outlook on the EUR/USD is bullish for this week. USD/CHF: This market has gone seriously southwards this […]