The index held its structure above the support zone of 96.90, as the bears didn’t have the enough power to continue following the downside path. Overall, a corrective move is coming and that should happen when USDX manages to break above the resistance level of 97.41, with the next target placed around 98.11, which is […]

Despite the momentum gathered by the greenback across the markets, the pair struggles to get outside from the range in which has been trapped during the week. The support zone of 1.2928 remains the same and we’re still expecting a break below there in order to witness a decline towards the next target to the […]

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We take a nice detailed look at NZD/USD 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 […]

Overview The EUR/JPY pair showed a clear bullish trend by rallying towards 125.50 recently. The pair aims to keep the positive stability above 124.40 support. This increases the chances of recording new targets in the near term and medium term. Thus, we will keep waiting until the 126.15 barrier is surpassed followed by moving strongly […]

Overview No news for the GBP/JPY pair has been released until this moment. So the pair is trading sideways in the range between the 145.45 resistance and the 143.30 support. Meanwhile, the contradiction of the major indicators confirms the domination of the sideways bias in the short term. So we are waiting until the pair […]

US stock indexes have opened sharply higher, so let’s find out what’s the mood on the FX Markets. The day’s top move is a decline of point 46% and it’s posted by Australia/Swissie. The pair moved South up to approximately 8:30 AM and it has been flat afterwards. Swissie tops the table and it’s mostly […]

Overview GOLD price has not shown any strong move since morning. The metal is still fluctuating between the key levels represented by 1,254.56 support and 1,262.25 resistance. The price needs to breach one of these levels to indicate its next destination clearly. As a result, traders are in the wait-and-see mode at the moment. To […]

Overview Silver traded positively after retesting the neckline of the double bottom pattern that appears on chart. It confirms that a bullish bias is still dominating the intraday trading. We are waiting until 17.43 level is tested initially. Please note that breaching this level will push the price to head towards 18.30 as the next […]

We sell below major resistance at 0.7510 (Fibonacci extension, horizontal overlap resistance) and keep a really tight stop loss at 0.7526. We expect price to drop to at least the 0.7441 support level (Fibonacci retracement, horizontal swing low support). RSI (34) sees major resistance below the 65 % level where we hope to see price […]

Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel. In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, significant bearish rejection was expressed around 1.3580 (recently established top). During the […]

In December 2016, a bullish breakout above 0.6960-0.7000 allowed the pair to head toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure on the pair. Bullish persistence above 0.7100 allowed a further advance towards 0.7250-0.7350 (sell zone) where the bearish price action was expected. Bearish persistence below 0.7250 […]

This is the Dukascopy Midday Snapshot for Thursday, 25th of May. Euro/Dollar rose gradually, but a following decline took the rate slightly in the red. Turnover is average and sentiment of the traders is neutral, 4% long. Bulls had their chances early on, but the following decline was good news for those who had short […]

The Economic Calendar is short on Friday, the 26th of May, but it definitely has some market movers. Let’s take a quick look. The schedule consists entirely of US data releases. The first two high importance events are out at 12:30 PM GMT, and the second estimate of first quarter GDP is one of them. […]

The new Huawei Matebook X and The DJI Spark, all this and more in today’s IT industry catch up. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#213264 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 en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV […]

The FOMC Meeting Minutes have revealed the dovishness among the policymakers. Despite the fact, that FED seems content to hike rates again in June, the minutes reflected more uncertainty over the trajectory for rates. The main reason for this change in the mood is uncertain inflation outlook. Some policymakers are becoming concerned that the unemployment […]

Recently, the GBP/USD has been trading upwards. The price tested the level of 1.3015. Anyway, according to 15M time frame, I found a fake breakout and strong rejection of the yesterday’s high at 1.3000. There is also a hidden bearish divergence on the moving average oscillator, which is another sign of weakness. My advice is […]

Recently, the EUR/USD has been trading upwards. As I expected, the price tested the level of 1.1250. Yesterday’s target at the price of 1.1230 has been reached. Anyway, today I found a broken upward channel, a fake breakout of the yesterday’s high and a hidden bearish divergence on the osilator. These are signs of weakness […]

Dukascopy Forex TV Team has once again been scrutinizing the interbank spread levels to provide you with the primary Spike Controller. Euro/Dollar’s long term average spread is point 31 pips and maximum separation has been 1.8 pips. The pair has returned above the 1 12 level as it gained point 73% or 82 pips. The […]

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The optimism over big Oil producers extending output cuts has boosted oil prices this week. While OPEC and Non-OPEC members may be commended on their ability to exploit oil price sensitivity to create speculative boosts, it could come at a heavy cost if markets remain saturated. Although oil prices are expected to edge higher if […]

EUR/GBP is currently in a bullish non-volatile trend, which is expected to continue till the price climbs up to the 0.8850 resistance level. Today French and German banks are closed due to the Ascension Day which means no Euro economic events today. On the other hand, today the Second Estimate GDP in the UK was […]

These are the Main Daily Trading Signals. Here’s how the interbank compares with the technicals at 8 AM GMT. There’s green across the table for the Euro/Dollar, which sees 5 buy prompts in the short-term and 4 bullish signals in both the mid and long-term, and they indeed are in line with the 20% long […]

AUD/USD is currently trading with higher volatility on the break or retest of 0.7500-0.7550 area. Due to recent negative reports from Australia, the currency is expected to lose some ground against other currencies. Today, RBA Deputy Governor Debelle made a speech on key interest rates and future policy shifts of the country. His speech tends […]