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14.07.2017 – Midday Snapshot by Dukascopy

Post by on July 14, 2017

It’s 12 o’clock this Friday, so let’s see where traders stand in terms of performance so far. Euro/Dollar rose just gradually and the pair sees 45% less than usual funds. Sentiment of the traders is neutral, short positions are up by 4%. Gradual rise makes profits more likely for bulls, but both the narrow price […]

17.07.2017 – Economic Calendar by Dukascopy

Post by on July 14, 2017

Hello, traders, let’s see which news releases stand out on Monday, the 17th of July. The schedule actually starts at half past 10 on Sunday evening with New Zealand Performance of Services Index for June. The Index rebounded in May, and it managed to recover from a 6 point drop the previous month. UK Rightmove […]

What is the Head and Shoulders Pattern?

Post by on July 14, 2017

When it comes to Forex trading, few patterns are more revealing than the Head and Shoulders setup. Like the name implies, the pattern looks like a head with two shoulders. The pattern is not only easy to spot but effective for gauging trend reversals in the forex market. Head and Shoulders Basics The Head and […]

CAD Set For Further Strength

Post by on July 14, 2017

Bank of Canada hikes rates and surprisingly makes hawkish statement. Yellen struck a dovish tone with in her testimony. ECB’s Draghi set to speak at Fed’s Jackson Hole meeting in September. UK unemployment rate at 43 year low. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#216939 Смотрите […]

USD/JPY analysis for July 14, 2017

Post by on July 14, 2017

Recently, the USD/JPY pair has been trading sideways at the price 113.20. Anyway, according to the 4H time frame, I found a breakout of rising wedge in the background, which is a sign that buying looks risky. My advice is to watch for selling opportunities. The downward target is set at the price of 112.85. […]

14.07.2017 – Spike Controller by Dukascopy

Post by on July 14, 2017

It’s time for Friday’s primary Spike Controller, providing you with the benchmark interbank price data for this week’s last trading day. Euro/Dollar’s long term average spread is point 29 pips and both of the sides were 1.6 pips apart yesterday. Single currency has once again moved above the 1 14 level against the Buck as […]

EUR/USD analysis for July 14, 2017

Post by on July 14, 2017

Recently, the EUR/USD pair has been trading sideways at the price 1.1415. Anyway, according to the 30M time frame, I found a fake breakout of a two-day low in the background, which is a sign that selling looks risky. Relative strength index looks strong and my advice is to watch for potential buying opportunities. The […]

Daily financial news by- Binary.com- July 14th, 2017

Post by on July 14, 2017

Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and Commodities to global currencies, Indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Daily financial news by- Binary.com- July 14th, 2017

Divergences Analysis of USD / JPY July 14

Post by on July 14, 2017

4h The correction of the pair halted at the level of 76.4% – 113.06 allowed the reversal to be in favor of the U. S. dollar and the uptrend began towards the 100.0% correction level at 114.36. There is no sign of divergence today. The pullback of the USD/JPY pair with the Fibonacci level of […]

Daily analysis of Gold for July 14, 2017

Post by on July 14, 2017

Overview The GOLD price settles around 1,214.30 level, and stochastic managed to reach the oversold areas, to form positive factor that we expect to assist to push the price to rebound bullishly and resume the bullish bias again, waiting to visit 1229.32 level initially. Therefore, we will continue to suggest the bullish trend in the […]

Daily analysis of Silver for July 14, 2017

Post by on July 14, 2017

Overview The Silver price shows some bearish bias to approach from testing the key support 15.49, and the price needs to hold above this level to keep the bullish trend scenario active for the upcoming period, as breaking this level will put the price under the negative pressure again, and it might head to visit […]

Global macro overview for 14/07/2017

Post by on July 14, 2017

Global macro overview for 14/07/2017: Yesterday, FED Chairperson Jannet Yellen delivered the second part of the two-day semi-annual monetary policy testimony in front of the US Congress. She basically reiterated most of the points of her speech yesterday and answered the questions from the US Congress Committee, who had additional doubts about generating 3.0% growth […]

Elliott Wave Ananlysis of EUR/NZD for July 14, 2017

Post by on July 14, 2017

Wave summary: Red wave ii has turned into an expanded flat, which is now calling for an extended rally in red wave iii. Ideally red wave ii completed with the test of 1.5419 and red wave iii towards at least 1.6232 now is developing. To confirm red wave iii is developing, we need to see […]

Elliott Wave Ananlysis of EUR/JPY for July 14, 2017

Post by on July 14, 2017

Wave summary: We continue to look for a deeper correction closer to support near 125.82 before the next rally higher should be expected. Short-term, we are looking for minor resistance at 129.66 to be able to protect the upside for the next decline towards 125.82. Trading recommendation: We are short EUR from 129.85 with a […]

Fundamental Analysis of USD/CHF for July 14, 2017

Post by on July 14, 2017

USD/CHF is currently struggling at the edge of 0.9700 area and seems to be correcting itself before an impulsive breakout. CHF has been quite stronger than USD earlier but currently seems to show some weakness along the way. Yesterday, Switzerland’s PPI report was published with an actual reading of -0.1% which previously was at -0.3% […]

Trading plan for 14/07/2017

Post by on July 14, 2017

Trading plan for 14/07/2017: It was a quiet overnight Asian session with no major price movements. The strongest currencies are AUD (0.16%) and GBP (0.15%). On the other side of the table is the Yen, which is down -0.13% against USD. Crude Oil has slowed yesterday’s gains, now WTI gains 0.1% and is at $46.15. […]

14.07.2017 – Trading Signals by Dukascopy

Post by on July 14, 2017

You’re watching the Primary Daily Trading Signals for Friday. Here’s how the interbank compares with the technicals at 8 AM GMT. 5 studies point North on Euro/Dollar’s hourly chart, whereas the mid and long-term scales turn neutral with 5 and 6 models, respectively. Bullish at more than 16% long, the interbank confirms the 1-hour models. […]

The dollar leads the competition

Post by on July 14, 2017

The Euro could not stay for long in the region of 14-month highs and has hit the wave of profit-taking on longs after rumors circulated in the market that the ECB could follow the Fed in slowing down the process of normalizing monetary policy amid deteriorating financial conditions. The TD Bank believes that the level […]

Top 5 Things to Know Before You Start Trading

Post by on July 14, 2017

Top 5 Things to Know Before You Start Trading This Tuesday the market is expected to see low volatility, JPY and GOLD are seen lower while Oil and Asian shares rise.  1 – Wall Street Ended The Day with Gains Federal Reserve (FED) Chair Janet Yellen said the FED would continue rising interest rates gradually but pointed out […]

Technical analysis of USDX for July 14, 2017

Post by on July 14, 2017

The Dollar index remains above the recent lows at 95.50 although the chances of breaking the lows are high. The trend remains bearish. Breaking below 95.50 will open the way for a move towards 94.70. Red line – resistance Blue line- support The Dollar index is trading below the Kumo in the 4-hour chart and […]