It’ s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. Euro/Dollar has positions itself between R1 of 1 1220 and S1 of 1 1190. R1 leads in resistance with 10 confirmations. R2 posts 5 matches, including a price channel indicator upper line. A Bollinger upper […]

EUR/USD recently had a volatile week after the break above 1.1140 resistance area. On Friday, after a good amount of bearish pressure in the market the price was supported by 20 EMA dynamic support. Last week due to several negative economic reports from the Eurozone, USD gained fresh momentum but that was not quite enough […]

Wave summary: We continue to look for confirmation that the wave ii has completed in form of a break above the resistance line near 1.5685 and more importantly a break above resistance at 1.5720. Once this resistance is broken, renewed upside pressure will be expected towards 1.6002 on the way higher to 1.6655. R3: 1.5931 […]

Wave summary: The outlook has not been changed. We are still looking for the wave d of the triangle consolidation to move closer to the resistance at 124.62 before turning lower in wave e to complete the triangle consolidation and set the stage for a new impulsive rally towards at least 134.48 and likely even […]

EUR/USD: This pair remains bullish, but the bullish momentum is getting weaker and weaker. The outlook on EUR pairs is bearish this week, and more downward movement may be witnessed. It would put an end to the current bullish bias, but that would be when the support lines at 1.1050 and 1.1000 are breached to […]

When the European market opens, little economic data will be published. Thus, the Italian industrial production data is due for release. At the same time, the US will unveil the Federal Budget Balance and 10-y Bond Auction. Therefore, amid the reports EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL […]

In Asia, Japan will release the Prelim Machine Tool Orders, PPI, and Core Machinery Orders. The US will also present some economic data such as the Federal Budget Balance and 10-y Bond Auction. Therefore, there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. […]

Boris and Kathy Forex Weekly – 12/6/2017 – Majors We are suppose to be in the dog days of summer but with the weather just beginning to warm up here in New York, investors are getting chills from the volatility in the British Pound this past week.

Boris and Kathy Forex Weekly – 12/6/2017 – Commodity Dollars We are suppose to be in the dog days of summer but with the weather just beginning to warm up here in New York, investors are getting chills from the volatility in the British Pound this past week.

Boris and Kathy Forex Weekly – 12/6/2017 – Crosses We are suppose to be in the dog days of summer but with the weather just beginning to warm up here in New York, investors are getting chills from the volatility in the British Pound this past week.

USDX managed to end last week with some considerable gains above the 200 SMA which is seen on the H1 chart. Now we focus on the 97.75 level, with the bulls gathering momentum at the current higher high pattern’s formation. To achieve that, the index should break the 97.41 level, while a pullback should send […]

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Last trading day of this week has been rocky on the FX markets, so stay with us to find out what’s moving and shaking. Canada/Yen is the mover of the day with a solid gain of 1.36% and the pair shot up particularly sharply after noon GMT. Strong Canadian employment change number has sent the […]

Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 1.2703 (Fibonacci extension, Fibonacci retracement, horizontal pullback support) for a push up to at least 1.2886 resistance (Fibonacci retracement, horizontal pullback resistance). RSI (34) sees major support above the 26% level where […]

We remain bearish looking to sell below major resistance at 82.95 (Fibonacci retracement, Fibonacci extension, horizontal resistance) for a push down to at least 82.38 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) sees resistance below the 91% level where we expect a drop from. Correlation analysis: Overall AUD weakness expected today with a drop […]

Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.

The UK election on Thursday ended with a hung government, forcing Prime Minister Theresa May to seek out alternatives in forming government ahead of crucial Brexit negotiations with Brussels. How did the results of the UK election go? The embattled Conservative party ended up with just 319 seats in the House of Commons, which is […]

Our very own James Trescothick walks you through the UK election! Hi I’m James and like many of you I’ve stayed up all night watching the UK election results – hence the much-needed Coffee [sip coffee] The UK did it again! The market was surprised at 9 pm GMT time when polls indicated a hung parliament! […]

Morning session is over on this Friday so let’s find out how things have been shaping up for the market players. Euro/Dollar has shown little rate movement – high and low difference is 46 pips and traded volume is low. Neutral sentiment of the market players is just 1% short. Both sides have seen only […]

Let’s see which news releases could move the currency markets on Monday, the 12th of June. This is the Economic Calendar. Two news releases regarding the Japanese economy will be released at 11:50 PM on Sunday, and Producer Price Index for May is one of them. The Index grew more than expected in April on […]

The summer is a great time to go on vacation and enjoy the outdoors. For traders, it can be a less than ideal time to trade the financial markets. Below are five summer trading problems and how you can overcome them. By applying these principles, you can make the most out of the summer doldrums. […]

USD/CHF has recently bounced off the support area of 0.9620 and is currently hovering above 0.9700 area. Yesterday, Switzerland released a series of positive economic reports like unchanged Unemployment Rate at 3.2% which was expected to rise to 3.3% as well as CPI report which also showed an unchanged reading at 0.2% instead of the […]

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 market failed to record a new high above 0.7400. Bearish breakdown 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. […]