Let’s see which news releases could move the currency markets on Tuesday, the 18th of July. This is the Economic Calendar. A number of news releases regarding the UK economy are up first at 8:30 AM, including the closely watched June CPI. The annual inflation rose to a 4-year high in May on the back […]
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You’re watching the Midday Snapshot where we take a look at how the market participants have performed over the 12 hours to midday. Euro/Dollar declined by only 40 pips, but a following rise has wiped out most of the loss. Turnover s high and sentiment of the trades is neutral, long positions are in the […]
EUR/USD analysis for July 17, 2017
Recently, the EUR/USD pair has been upwards. As I expected, the price tested the level of 1.1475. I found an upward channel that means that buyers are in control today. My advice is to watch for potential buying opportunities. I have placed Fibonacci expansion to find potential upward targets. I got Fibonacci expansion 61.8% at […]
USD/JPY analysis for July 17, 2017
Recently, the USD/JPY has been downwards. As I expected, the price tested the level of 112.26. The first downward target at 112.85 has been reached. Anyway, according to the 4H time frame, I found a successful breakout of support and re-test, which is a sign that sellers are in control. My advice is to watch […]
Our Spike Controller is the best way to ensure you are getting the best possible deals from your broker every day. Point 39 pips is the long term average spread for the Euro/Dollar. Maximum of point 8 pips took place less than an hour ago. The pair has slipped from the early high, declining by […]
EUR/GBP intraday technical levels and trading recommendations for March 17, 2017
Based on the daily chart, the pair has a prominent Supply Zone between 0.8870 – 0.9050 which applied significant bearish pressure on the pair in the previous visit in November 2016. Since May 2017, the EUR/GBP pair has been trending-up above the depicted short-term uptrend. A few days ago, a significant bearish pressure was applied […]
USD/CHF ready for a mega bounce? | Daily Forex Technical Analysis | 17th July 2017
We caught the juicy drop on USD/CHF and have bagged some pips in our bags. Now it looks like USD/CHF is preparing for a mega bounce, do you guys agree that we’ll be seeing a bounce soon? Subscribe to me for more daily Technical Analysis! The material has been provided by InstaForex Company – www.instaforex.com […]
Wave summary: After the spike down to 1.5419, we are looking for a new rally to and above resistance at 1.5899 for a continuation to 1.6236 and even higher longer-term. Support is now seen at 1.5419 and is expected to be able to protect the downside. Trading recommendation: We are long EUR from 1.5510 with […]
Wave summary: EUR/JPY continues to point lower in a correction, which ideally will reach a low of 126.39 before turning higher again towards at least 1.3346. Short-term minor resistance is seen at 129.52, which we expect will cap the upside for a deeper corrective decline. Trading recommendation: We are short EUR from 129.85 with stop […]
EUR/USD: This pair has been able to maintain its bullishness so far; though price moved in a zigzag manner. The pair closed above the support line of 1.1450 on July 14, now targeting the resistance line at 1.1500 (the initial target for the week). As soon as price exceeds the resistance line, it would go […]
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These are the Main Daily Trading Signals for Monday. Here’s how the interbank compares with the technical indicators at 8 AM GMT. All three time ranges bring different results for the Euro/Dollar, which sees 5 sell prompts in the short-tem and 5 neutral models in the mid-term. The daily outlook turns bullish with no less […]
Technical Analysis: 17/07/2017 – EURUSD close to 14½-month high; medium-term bullish
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Forex News: 17/07/2017 – Dollar sags on poor US data; Aussie surges on China GDP
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Monday Market Outlook 17-07-2017
What is the Market Outlook this week? Welcome to the EasyMarkets weekly outlook starting this Monday 17 July. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. The week kicks off with major economic data out of China and then key inflation data from Europe, New Zealand […]
NZD/USD Intraday technical levels and trading recommendations for July 17, 2017
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 […]
Global macro overview for 17/07/2017: Good news came from China as the economy expanded faster than anticipated. The National Bureau of Statistics revealed, that the second quarter Chinese GDP grew by 1.7%q/q, up from 1.3% printed a quarter earlier. The world’s biggest emerging market’s growth improved to 6.9% on a yearly basis. The retail sales […]
Intraday technical levels and trading recommendations for EUR/USD for July 17, 2017
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. […]
The Dollar index has broken below horizontal support at 95.50. Price is now trying back test the break out area. If the break down was real, we should see a rejection and a move lower. Red lines -resistance Blue lines – support (broken) The Dollar index has bearish target of 94.70. If however we see […]
The GOLD price as we expected has broken out of the bearish short-term channel. The trend has reversed to bullish and my minimum expected target is at $1,260 this week. There we could see a pull back but overall I believe a larger degree move higher has started. Blue lines – bearish channel The Gold […]
4h On the 4-hour chart, the GBP/USD pair completed consolidation above the correction level of 161.8% – 1.3076. As a result, on July 17, the process of a growth in prices can be continued in the direction of the next correction level of 200.0% – 1.3305. Emerging divergences are not currently observed in any indicator. […]
Trading plan for 17/07/2017
Trading plan for 17/07/2017: The SP500 closed with a daily candle close to all time highs, so the overall mood on the financial markets is very positive. EUR/USD is trading close to 1.1450, USD/JPY is trading around 112.50 level. GBP/USD broke above the important resistance at 1.3045 and now is trading around this level. The […]
It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. We start with the trader’s favourite pair, the Euro/Dollar, which has R1 of 1 1490 and S1 of 1 1450. R1 is confirmed by Price Channel Indicator Upper Line, a psychological level and 2 other studies, […]
The euro has the potential to grow
Eurozone The coming week may bring a revision of the Euro‘s prospects and the market as a whole due to the fact that the European currency will get an additional opportunity to continue growth. In one of his recent speeches, ECB President Mario Draghi said that in order to understand the dynamics of inflation, it […]
Forex Market Wrap 17/7/2017
Pepperstone’s Market Analyst, Darren Sinden, takes you through the overnight changes and price moves to be aware of: – Cable finishes the week strongly. – China data a pleasant surprise. – It could be an interesting week for UK politics. – Donald Trump’s first 6 months on the job but no one’s celebrating.