EUR/USD: The EUR/USD moved further upwards yesterday, now above the support line at 1.1400, and going towards the resistance line at 1.1450. There is a Bullish Confirmation Pattern in the 4-hour chart, and the price would continue to move upwards, going above the resistance line at 1.1450. USD/CHF: Right now, the market is moving in […]

Overview: The NZD/USD pair is still moving around the spot of 0.7250 and 0.7343. Hence, it should be noted that the support is established at the level of 0.7205 which represents a pivot point. The NZD/USD pair is showing signs of force following a breakout of the highest price of 0.7205. The price has been […]

Overview: As expected, the USD/CHF pair continues to rise from the level of 0.9623. The current price is seen around the area of 0.9620-0.9650. It should be noted that the support is established at the level of 0.9623 which represents the 38.2% Fibonacci retracement level on the H1 chart. The price is likely to form […]

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USDX continues to ride the bearish side and the consolidation below the 200 SMA at H1 chart still prevails. To the downside, we might expect a testing of the 95.10 level, but we would need to wait for a confirmation from the MACD indicator, which is still in the positive territory. In the bullish path, […]

GBP/USD recovered from Wednesday’s lows and it’s testing once again the 200 SMA at H1 chart. However, the closest resistance is located around 1.2914, which is the last hurdle to overcome before to reach 1.3011 to the upside and it would be the confirmation that a bullish trend for the mid term has started. MACD […]

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This is the Economic Calendar for Thursday, the 13th of July. Let’s see which news releases could move the currency markets. The final reading of German June CPI is up first at 6 AM, and the initial estimate puts the annual inflation at 1.6%, which is a slight improvement from 1.5% a month ago. Swiss […]

Price has dropped from our selling area perfectly and reached our profit target for the 4th time in a row. We prepare to buy on major support at 0.9598 (Fibonacci retracement, horizontal overlap support) for a push up to at least 0.9652 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing strong support above […]

GBP/JPY is expected to trade with a bullish outlook and looking for limited upside as bias remains bullish. The pair remains supported by a rising trend line and stays above its 50-period moving average, which should maintain the positive bias. The relative strength index is around its neutrality area at 50, showing a lack of […]

Price has started to drop really nicely from our selling area as expected. We remain bearish below major resistance at 114.32 (Fibonacci extension, horizontal swing high resistance, bearish divergence) and we expect to see a strong reaction from this level to push price down to at least 111.77 support (Fibonacci retracement, horizontal overlap support). Stochastic […]

Overview The USD/JPY pair retreated downwards clearly after approaching the 114.50 barrier yesterday. The pair aims to push on the bullish channel’s support that appears on the chart and is moving below it now. It means the price is about to start bearish correction before the rise that started from 108.80 areas, as the first […]

Overview The GBP/JPY pair was affected by the strength of 147.65 barrier. The pair has to be forced to make correctional bearish trading from the initial support around 145.20.The intraday downward trading is caused by a stochastic sharp decline. Besides, approaching from the oversold areas increases the chances of moving towards the moving average 55, […]

Overview GOLD price has breached 1,214.30 level after closing the daily candlestick above it. This activates the bullish scenario on the intraday basis. 1,229.32 level is targted initially, which represents 38.2% Fibonacci level which was broken previously to turn into the key resistance now. Therefore, the bullish trend will be suggested for the short term […]

Overview Silver price rallied clearly yesterday to breach 15.70 level and settled above it, which opens the way to a further bullish bias in the upcoming sessions. Now, silver is on its way to test 16.56 as the first main station. Therefore, we should wait until another rise on the intraday and short-term basis. Breaching […]

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. […]

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 […]

Recently, the USD/JPY pair has been trading downwards. The price tested the level of 113.34. According to the 4H time frame, I found a breakout of a 1-month rising wedge, wich is a sign that buying looks risky. Another sign of weaknes is a hidden bearish divergence on the moving average osiclator. My advice is […]

Recently, the GBP/USD has been trading sideways at the price of 1.2865. According to the 30M time frame, I found confirmed double bottom formation and fake breakout of yesterday’s low, which is a sign that selling looks risky. I also found a hidden bullish divergence on the moving average oscillator, which is another sign of […]

Dukascopy Spike Controller continues its quest to promote a fair trading environment. Here’s a look at the benchmark interbank price stats over the last 24 hours. Point 3 pips is the long term average spread for the Euro/Dollar. Maximum separation has been 1.6 pips. The pair has made a move towards the 1 15 level, […]

Wave summary: EUR/NZD is set to move higher towards the next upside target seen at 1.6232. Short-term support is now seen at 1.5712 which we expect will be able to protect the downside for the expected rally higher. Trading recommendation: We are long EUR from 1.5645 with stop placed at 1.5600. If you are not […]

Wave summary: EUR/JPY has likely peaked just below our ideal 131.21 target (the high has been seen at 130.77). With the peak in place, we are looking for a decline towards 125.82 before the next rally higher towards 140.00 should be expected. Trading recommendation: We missed our selling opportunity near 131.21 but will sell here […]

Copper is in deficit and there is no substantial new production scenario on the horizon. The Majors have shrunk their exploration budgets in the last 5 years to a minimum which leaves copper markets more and more trouble to fulfill the supply for the rising demand. Altona Mining is a great exception seeking financing from […]

Copper is in deficit and there is no substantial new production scenario on the horizon. The Majors have shrunk their exploration budgets in the last 5 years to a minimum which leaves copper markets more and more trouble to fulfill the supply for the rising demand. Altona Mining is a great exception seeking financing from […]

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