GBP/JPY is expected to continue upside and post some further upside highs. The pair is posting some technical rebounds, and is likely to challenge its horizontal resistance at 149.95. A strong support base has formed at 148.35, and is expected to limit any downside room. The relative strength index is mixed to bullish, and lacks […]

This is the Dukascopy Midday Snapshot, where we`ll find out how traders have managed to work out the rate shifts during the morning session on this week’s first trading day. Euro/Dollar has been on a rise and the pair stood point 43% in the green at noon. Traded volume is average and sentiment of the […]

Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.

Here are the latest developments in global markets: Forex: Trump’s decision to exempt several countries from his import tariffs on Thursday and today’s headlines that China is stepping up efforts to start trade negotiations with the US, gave a lift to dollar/Yen during early European trading hours, sending the pair to 105.83 (+0.37%) from a 16-month […]

Our first target which we predicted in our previous analysis has been hit. NZD/USD is still expected to trade with a bullish outlook. The pair has pulled back on its horizontal support at 0.7225, and is likely to post a new rebound. Both the 20-period and 50-period moving averages are still on the upside, which […]

Recently, the USD/JPY has been trading sideways at the price of 105.10. According to the 30M timeframe, I found that price is trading near the Fibonacci expansion 100%, which is sign that buying looks risky. I also found an overbought condition on the stochastic oscillator, which is another sign of weakness. My advice is to […]

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.4230. According to the Daily time – frame, I have found a smash day (trap for sellers) in the background, which is a sign that selling looks very risky. I also found a breakout of inside daily formation, which is another […]

Let’s take a look at the potential FX market movers scheduled on Tuesday with the Dukascopy Economic Calendar. Euro Zone M3 Money Supply stats for February are out first at 8 AM. Money supply growth was unchanged in January at 4.6%. Final Euro Zone business and consumer survey for March is up next an hour […]

This week, investors will focus more about the political and trade rhetoric, rather than the usual economic data. It is a week that comes a few days after the Fed raised interest rates for the first time this year and indicated that more hikes were on the way. As you recall, the Fed was not […]

BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $8.178. The Clarifying Lawful Overseas Use of Data (CLOUD) Act just passed – almost in secret – tucked deep inside a voluminous spending package of well over a trillion dollars. No debate. No up or down vote on the merits […]

Beware end of the quarter market moves The weekend has not brought yet another important news in the field of restricting the freedom of international trade, so markets are entering a new week with a relatively calm climate. If anything, press releases from the US and China are rather mild. The US Treasury secretary Mnuchin […]

Daylight savings time is here, but let that one hour of sleep be the only thing that has been stolen from you on this Monday by checking your broker’s price feed quality. Euro/Dollar’s daily average spread is point 36 pips and maximum separation has been 2.9 pips. The pair has gained a total of point […]

AUDJPY has shed 7.5% year-to-date and is currently trading around 80 pips above the near one-and-a-half-year low of 80.49 hit last Friday. Despite today’s rebound, the negatively aligned Tenkan- and Kijun-sen lines continue to project a bearish short-term picture for the pair. It is of note that the Chikou Span might be hinting to a […]

Overview: The EUR/USD pair will continue rising from the level of 1.2347. So, the support is found at the level of 1.2347, which represents the 61.8% Fibonacci retracement level in the H1 timeframe. Since the trend is above the 61.8% Fibonacci level, the market is still in an uptrend. Therefore, the EUR/USD pair is continuing […]

Overview: The GBP/USD pair continued to move upwards from the level of 1.4124. Since last week, the pair has risen from the level of 1.4051 (the level of 1.4051 coincides with the ratio of 61.8% Fibonacci Expansion) to the top around 1.4218. In consequence, the GBP/USD pair broke resistance at 0.9887, which turned into strong […]

We would like to inform you that due to the Easter Holidays , the trading hours of various instruments will be affected between 28 March and 09 April 2018. The normal trading hours will be resumed from then onwards Please review the tables below to see which instruments will be affected and how: Instrument 28/03 […]

On Monday, NZD is the most powerful, as changes in the RBNZ mandate are devoid of dovish elements. After the rest of the currencies, there are minimal attempts to improve sentiment, although the mood is far from good. The stock market in Asia is fighting for a bounce, but no avail. Crude Oil is very […]

Nigerians have been warned by the Nigeria Deposit Insurance Corporation (NDIC) before using cryptocurrencies because the Central Bank of Nigeria (CBN) does not recognize them as a legal currency, according to the local Business Post Nigeria magazine.This is not the first cryptocurrency warning because various government agencies in Nigeria warned citizens about a new form […]

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Here are the latest developments in global markets: Forex: The dollar was little changed versus a basket of currencies on Monday after previously recording a one-month low and coming under pressure versus the Yen, with dollar/yen hitting a fresh 16-month low. The pair later recovered though to trade higher on the day. STOCKS: US markets […]

The Dollar index as expected made a new lower low as trend remains bearish in short- and medium-term trend. As long as price is below 90, I still foresee any bounce in the index as selling opportunity for a move below 88. Red lines – triangle pattern The Dollar index is trading below the Ichimoku […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100-1.2200 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was 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. […]

For decades, even before becoming a politician, Donald Trump talked about trade and the ways other countries were treating the United States. He argued that countries like Japan, South Korea, and China were taking advantage of the country. He also argued that European countries formed the European Union to match the strength of the United […]

Silver is often called the poor cousin to GOLD. Like gold, silver is found deep inside the earth’s crust and is often mined by large mining companies. The difference between the two is its usage. While gold is usually bought as an investment, silver is bought for its industrial uses. Companies buy silver to produce […]

EURUSD closed higher in Friday’s trading but maintained in a range between 1.2150-1.2450 started at the end of February, with technical indicators suggesting that the sideways pattern might continue for a while. Looking at momentum indicators, the RSI is pointing to the upside, giving some positive signals for the short-term, though, the index has not […]