Brexit Talks Begin and Market Braces for Uncertainty Official talks between the United Kingdom and Europe over Brexit plans have begun. But instead of negotiating from a position of strength, Theresa May’s Conservatives found themselves on the backfoot after a disastrous election just a few weeks earlier. Is it time to ditch hard Brexit plans? […]

Midpoint of Wednesday has been reached, meaning it’s time for the latest Midday Snapshot brought to you by the Dukascopy Forex TV Team. Euro/Dollar has been slowly trending higher to trade point 33% in the green at noon. The pair has attracted 46% more than typical funds and sentiment of the traders is neutral, 1% […]

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2861 in an ultra high volume. According to the 30M time frame, I found a buying climax in the background, which is a strong sign of weakness. My advice is to watch today for selling opportunities. The downward targets are set […]

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1388 in a ultra high volume. According to the 30M time frame, I found a successful test of supply in a low volume, which is a sign that the price is heading for higher levels. My advice is to watch for […]

Find out what have been the maximum and average spread levels for the 3 non-cross majors during the last 24 hours by watching the primary Dukascopy Spike Controller. Euro/Dollar’s spreads have averaged at point 31 pips in the long term, peaking at 3.4 pips. Last 24 hours have been bullish for the single currency, the […]

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Global macro overview for 28/06/2017: The FOMC policy members were less hawkish yesterday than anticipated, so the dollar index was sliding down. Markets ignored yesterday’s higher-than-expected Conference Board consumer confidence index and Richmond Fed index data. In turn, Janet Yellen’s speech did nothing new except reiteration of the same statements from the June FOMC meeting. […]

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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, you’re watching the Dukascopy Primary Daily Trading Signals for Wednesday. Bullish signals prevail across the chart for the Euro/Dollar, which sees 5 buy prompts in the short-term, 6 in the mid-term and no less than 8 in the long-term, and they indeed are very much in line with the interbank, which stands […]

Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

Trading plan for 28/06/2017: After yesterday’s busy trading day, the mood of the Asian session was calm. The dollar is losing to other G-10 currencies today. The strongest are commodity currencies like CAD, AUD, NZD, EUR/USD after breaking above 1.1230 and 1.1300 currently trades around 1.1350. USD/JPY is in the correction phase and from yesterday’s […]

The price action here is very bearish. Technically we have a fake breakout and rejection. Bearish divergence signs. Reversal candle formations. In the 4-hour chart, the price has broken below both the tenkan- and kijun-sen indicators and is going to test the Ichimoku cloud support. Both RSI indicators have provided bearish divergence signals. Support is […]

The USD/JPY pair rallied yesterday from 111.50 to 112.50 where we previously mentioned that this is important resistance area. USD/JPY could reach 112.85 where the blue trend line resistance from the previous highs is found. Price has broken out of the cloud but will have to stay above it and break above the blue trend […]

Selling pressure in the US dollar index pushed it below the important resistance levels opening the way for a move towards 95-94. The trend is clearly bearish on all time frames. Red line – resistance Blue line – support Price has broken below the Tenkan- and Kijun-Sen on the daily chart. The index has been […]

GOLD price might have made an important low last week and needs to hold above it. Next sign of strength will be to break above $1,260 and the most important resistance for bulls to break, will be the $1,300 area of the previous double top. Red line – short-term resistance trend line Gold price is […]

– The US Dollar remains under pressure. – Key US / China trade visit. – A clutch of central bankers to speak today. – NASDAQ 100 at pivotal levels on NY close.

Central Banks are the key drivers of the markets this week as traders focused on comments made from two major central bankers; ECB Chief Draghi and Fed Chair Yellen. Draghi commented that “he sees room for paring back stimulus” this optimistic comment weighed on government bonds whereas Yellen suggested “that the US economy can withstand […]

Wave summary: EUR/NZD spiked lower to 1.5215 hitting our stop before taking off for real. The rally off the 1.5215 low is clearly impulsive, confirming that wave ii/ has completed and wave iii/ to above 1.6237 now is developing. Short-term, we are looking for a correction lower to 1.5475 and maybe even closer to 1.5395 […]

EUR/USD: The EUR/USD has gained about 150 pips this week, to continue the bullish movement that gradually started in the last few trading days of last week. Price is now between the support line at 1.1300 and the resistance level at 1.1350 (and the resistance level would soon be breached to the upside). There is […]

Wave summary: We have finally seen the expected upside acceleration confirming more upside towards 133.34 as the next major upside target. Short-term, we will be looking for a rally to 127.80, which likely will be followed by a minor correction before higher again towards 129.50 as the next minor upside target. R3: 129.50 R2: 129.10 […]

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 NZD/USD pair will try to rebound from the level of 0.7205 again. Remind that history usually repeats itself at the certain level. Hence, 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 a […]

Overview: The USD/CHF pair has kept moving downwards from the level of 0.9701. Yesterday, the pair dropped from the level of 0.9701(this level of 0.9701 coincides with the ratio of 61.8% Fibonacci retracement) to the bottom around 0.9591. Today, the first resistance level is seen at 0.9660 followed by 0.9701, while daily support 1 is […]

The index was under a heavy selling pressure during Tuesday’s session, pushing lower towards 96.38, where is located the immediate support for the greenback. If that level gives up, we can witness a downside’s continuation towards the support area of 95.77. To the upside, if USDX does a rebound, it can retrace back towards 96.77. […]