Overview The GBP/JPY pair faced clear negative pressure yesterday due to stochastic exit from the overbought areas. The pair declined below the moving average 55 and consolidated around 140.50. We remind you that the bullish scenario mainly depends on the stability of the bullish channel’s support at 139.00, which allows us to wait for new […]
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Overview The GOLD price has not shown any strong moves since morning holding around 1,245.00 levels. Thus, there is no change in the bearish trend scenario that depends on holding below 1,254.56 levels. Stochastic is reaching the overbought areas now. Our main awaited target is located at 1,229.32. The expected trading range for today is […]
Overview The Silver price closed yesterday’s trading below 16.56 levels after the attempt to breach it. This keeps the negative pressure valid on the intraday and short-term basis; the price is likely to resume the bearish bias that targets testing 15.49 mainly. Therefore, we wait for negative trading in the upcoming sessions supported by the […]
We take a nice detailed look at EUR/JPY and see if there are any trading opportunities for us to make some juicy pips! We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and the RSI to determine the best entry, stop loss and profit targets. Subscribe to me for […]
Dukascopy Forex TV Team is back with the Currency Movers and Shakers for Wednesday. Sterling/Yen’s decline was followed by a sharp rise and it puts the pair point 49% in the green after a correction cancelled out some of the gains. The Bank of England chief economist said he could vote for a rate hike […]
Price is approaching major support at 123.78 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a bounce above this level for a rise to at least 125.32 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing strong support above 4.7% from where we expect a bounce. Buy above 123.78. […]
The price has retraced to its entry level and looks set for another bounce for a further push up. We remain bullish looking to buy above 111.32 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.06 resistance (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance). RSI (34) has bounced off […]
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This is the Economic Calendar for Thursday, the 22nd of June. Let’s see which news releases stand out. Swiss Trade Balance for May will be available at 6 AM, and the April data actually came in much weaker than expected as exports took a hit. European Central Bank will release its latest Economic Bulletin at […]
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It’s noon GMT on this Wednesday and time for us to see how the sentiment of the traders compares with the actual rate movements. Euro/Dollar has been calmer than usual, gaining just 29 pips hours into the session, but the pair sees 25% more than typical funds. Sentiment of the traders is neutral, 6% short. […]
Another trading day brings new profit opportunities for you. Make sure they haven’t been hampered by substandard brokerage. Spreads have averaged at point 3 pips over the past 24 hours for the Euro/Dollar. Maximum separation has been 1.8 pips. The pair declined yesterday by point 41% or 46 pips, but some of the loss has […]
Technical outlook: GOLD is looking to produce a bullish reversal today. Should it manage to close above $1,252.00 at least, the yellow metal would confirm the bullish scenario as well. Please note that a number of convergences is seen through $1,241/45 levels as depicted above. The fibonacci 0.382 extension of a counter trend is matching […]
EUR/USD analysis for June 21, 2017
Recently, the EUR/USD has been trading upwards. The price tested the level of 1.1155. Anyway, according to the 15M time frame, I found a hidden bearish divergence on the RSI oscillator, which is a sign that buying looks risky. There is a pin bar and strong reversal price action, which is another sign of weakness. […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2703. According to the 30M time frame, I found a climax action and my advice is to watch for potential selling opportuntiies today. The downward target is set at the price of 1.2605. The price respected resistance at 1.2700 (round number), […]
NZD/USD Intraday technical levels and trading recommendations for June 21, 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 […]
Intraday technical levels and trading recommendations for EUR/USD for June 21, 2017
Daily Outlook In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was established around 1.0500. Since then, evident bullish momentum has been expressed on the chart. The next daily supply level for the EUR/USD pair is located between 1.1400-1.1520 where price action should be watched for possible bearish rejection. Recent Update: […]
Technical outlook: Last session, we had been discussing a potential bottom formation in EUR/USD and taking profits off the short positions earlier. The pair is seen to be rallying towards higher levels either from here or from slightly lower levels at 1.1000. Looking into the wave structure, EUR/USD might have completed its sideways consolidation (flat) […]
Overview: The NZD/USD pair is showing signs of force following a breakout of the highest price of 0.7205 (a major support). Currently, the price was in a bullish channel since yesterday. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. So, the NZD/USD pair continues to move […]
Overview: The USD/CHF pair has dropped sharply from the level of 0.9769 towards 0.9910. Now, the price is set at 0.9736 to act as a daily pivot point. It should be noted that volatility is very high for that the USD/CHF pair is still moving between 0.9769 and 0.9691 in coming hours. Furthermore, the price […]
You’re watching the Primary Daily Trading Signals for Wednesday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar sees 4 neutral models on its hourly chart, and the mid and long-term scales turn bearish with 5 studies each, but the interbank points in the other direction, being bullish at more than […]
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Oil & GBP slide lower
by the FxPro Analyst Team Oil continues to be under “over supply” pressure resulting in prices dipping to 7 month lows. Yesterday Oil suffered a 2% drop as the increased supply from several key producers undermined OPEC producers deal to reinforce a cut in global output. For those traders following technicals the recent fall in […]
Forex News: 21/06/2017 – Oil prices slump to 7-month lows; Dollar in retreat
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…