Wave summary: The break above minor resistance at 1.5639 indicates that red wave ii completed already at 1.5503 and red wave iii towards at least 1.6232 now is developing. Short-term, we would like to see a firm break above minor resistance at 1.5712 as confirmation that red wave ii indeed has completed and red wave […]

Wave summary: Even though a new high has been seen at 128.89 our preferred count shows that wave iv is still unfolding as an expanded flat correction. This count calls for one more dip to the downside closer to 126.87 before wave iv completes and the next impulsive rally in wave v can take over […]

When the European market opens, some Economic Data will be released, such as PPI m/m and Spanish Unemployment Change. Today, the US will not release any Economic Data, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1427. Strong Resistance:1.1420. Original Resistance: […]

In Asia, Japan will release the BOJ Core CPI y/y, 10-y Bond Auction, and Monetary Base y/y data, and today the US will not release any Economic Data. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.78. Resistance. 2: 113.55. Resistance. […]

Are we going to see a huge drop on USD/CHF today? We take a good look through our Technical Analysis lenses to find out! The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com

Overview: The NZD/USD pair hadn’t made any significant movements since last week. The NZD/USD pair is still trading around the spot of 0.7250 and 0.7343. Thus, it should be noted that the support is established at the level of 0.7205 which represents the daily pivot point. The NZD/USD pair is showing signs of force following […]

Overview: The current price of USD/CHF pair is moving around the area of 0.9660 and 0.9590. The USD/CHF pair continues moving downwards from the level of 0.9645. Yesterday, the pair dropped from the level of 0.9645 to move around the spot of 0.9645 – 0.9600. Today, the first resistance level is seen at 0.9660 followed […]

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Following positive data of ISM PMI in the United States, the index is looking to break above 96.24 in order to consolidate its price action above the 200 SMA at H1 chart. However, as the trading volume comes back later today, the greenback may start to pull back towards 96.77, which is our first target […]

The pair had a bearish session during Monday, despite thin volatility seen during U.S. session. If we witness a breakout below 1.2923, one would expect a continuation towards 1.2756 in a first degree, but we cannot forget that the 200 SMA at H1 chart could provide dynamic support. MACD indicator remains in the negative territory, […]

It’s 3 PM GMT on this month’s opening trading day, so let’s see where the 8 major currencies stand. Dollar/Yen has been heading higher during most of the session and the pair has gained close to 1%, which is the day’s top move. US ISM Manufacturing PMI report was strong and Greenback trades on top […]

Market focus will be on the Federal Reserve’s semi-annual monetary policy report, NFP, UK PMI’s, Bank of England’s Carney, RBA rate decision and Canadian labour market data. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#216234 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV […]

Price is now testing major support at 1.2966 (multiple Fibonacci extensions, horizontal swing low support, Elliott wave theory) and we expect a bounce above this level to at least 1.3164 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support above 1% where we expect a bounce from. Traders Dynamic Index is crossing […]

The GBP/USD pair shot down towards our profit target before bouncing up once again. We now prepare to sell as price is approaching major resistance at 1.3044 (Fibonacci extension, horizontal swing high resistance) and we expect a major reaction from this level for a drop to at least 1.2935 (Fibonacci retracement, Elliott wave theory) which […]

Price is now testing major resistance at 0.7344 (Fibonacci extension, horizontal swing high resistance) and we expect a drop from here towards at least 0.7301 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance at 95% and we expect a strong reaction below that level. Correlation analysis: AUDUSD and NZDUSD are both […]

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Let’s see which news releases could move the currency markets on Tuesday, the 4th of July. This is the Economic Calendar. US markets will be closed for Independence Day, and the first item on the schedule comes at 8:30 AM, when the UK Construction PMI for June is released. The May Index surprised very much […]

Welcome to our Trading Strategy Series, where you will get introduced to different strategies to help you trade better. In this article, we’ll introduce you to momentum trading. What is Momentum Trading? The dictionary defines momentum as: “the strength or force gained by motion or through the development of events.”[1] This concept has profound implications […]

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. […]

Overview: The GBP/USD pair continues to move upwards from the level of 1.2935. Today, the first support level is currently seen at 1.2935, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.2861, which coincides with the 61.8% Fibonacci retracement level. […]

We`re back with this month’s first primary Spike Controller report, providing you with the benchmark interbank price data. Euro/Dollar’s long term average and maximum spreads are point 35 and point 7 pips respectively. The pair has retreated from the early high of 1 1428, declining by a total of point 48% or 55 pips. Spreads […]

USD/JPY has shown bullish pressure after the recent JPY reports and historic defeat in an election in the capital Tokyo on Sunday. Today JPY Tenkan Manufacturing Index showed an increase to 17 from the previous value of 12 which was expected to be at 15 but Tenkan Non-Manufacturing Index was published with an actual figure […]

Recently EUR/USD has broken above the corrective structure resistance area of 1.1280-1.1360. As of the first week of the month, the pair started slow and currently showing some bearish pressure after the impulsive bullish breakout. Recently EUR has been quite stronger than USD due to positive economic reports and the hawkish statement from ECB President […]