Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated an upcoming bearish reversal. As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why the further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (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. […]

The BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $9.324. Czechs are more inclined to store the value in cryptos than in euros, according to a new poll gauging attitudes toward currencies other than the koruna. When asked about their intentions to acquire foreign cash, twice as many […]

Laszlo Hanyecz, the man who made the world’s first documented transaction for the purchase of a physical object using BITCOIN in 2010, in which he paid 10,000 BTC for two pizzas, now bought two pizzas using the Bitcoin Lightning Network. On February 25, Hanyecz published on the Lightning-dev mailing list that he had to ask […]

The US Dollar at the end of the Asian session is in a fairly strong defensive situation, which is being used effectively by commodity currencies like AUD and NZD (which are additionally supported by reports from the Middle Kingdom). According to the latest reports, the Communist Party of China seeks to preserve the status quo […]

Trading has resumed this week so stay with us to find out what the average and maximum spread levels have been for the 3 non-cross majors. Euro/Dollar has a daily average spread of point 37 pips. Peak separation has been 1.2 pips. Start of the week has been Euro bullish and the pair has appreciated […]

The US dollar index is pulling back towards cloud support. The index got rejected at 90 and is now testing the 89.60 level. The inability to break above the 90.60 level was not a good sign for bulls and something that we warned about. For confirmation of a bigger trend reversal and that the entire […]

The EURUSD pair has consolidated between its moving averages over the recent sessions. The top of the range is marked out with the 50 and 100 moving averages at 1.23425 and the bottom with the 200-period moving average at 1.22814. While this range is narrow, price action is building energy here for an eventual breakout. […]

Week Ahead: Markets Await Jerome Powell’s First Statement. Last week, the focus among investors was the dollar which continued strengthening. The dollar index rose by 1.46%. It is currently trading at $89.90. This week, traders may continue to focus on the dollar especially from a Federal Reserve standpoint. On Wednesday, the new Fed chair, Jerome […]

Last year, palladium was the best performing commodity in the world, rising by more than 30%. This year, an agricultural commodity may be leading the way. YTD, cocoa has gained by more than 16%. The upward climb is associated with the perceived climatic changes in the Western African countries of Ghana and Ivory Coast. As […]

Here are the latest developments in global markets: Forex: The dollar index which tracks the strength of the dollar against a basket of six major currencies opened lower in Asia, touching a session-low of 81.67 (-0.25%). Dollar/Yen slipped to a one-week low of 106.43, while aussie/dollar and kiwi/dollar were the best performers, with the former […]

These are the Dukascopy Daily Trading Signals for Monday and here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar’s hourly indicators are mixed, but both the mid and long term studies are mostly neutral. Interbank sentiment is bullish at 18% long. There’s green across the 1 and 4-hour charts for the […]

EURUSD has been trading sideways over the last three days within the 20 and 40 simple moving averages in the daily timeframe. The price lost its strong momentum for a bearish correction below a 5-month high of 1.2554 reached last week. However, the short-term technical indicators seem to be in confusion. From the technical point of view, […]

The GOLD price has broken through the 4-hour cloud resistance and is now trading inside the Kumo (cloud). The trend is now neutral. Bulls need to break above the cloud resistance in order to change trend to bullish again. The Gold is trading above both the tenkan- and the kijun-sen in the 4-hour chart. Short-term […]

Breaking forecast 02/26/2018 EURUSD: Buy for a breakthrough. So, a long consolidation in the foreign exchange market is coming to an end. The new week is rich in strong news in the US: strong movements are very likely. On Tuesday and Thursday, the new head of the Fed Jerome Powell will issue a testimony before […]

Technical outlook: The US Dollar Index daily chart view has been presented again with proper wave counts since January 2017. The big picture clearly reveals that the index has nearly completed 5 waves lower since it made highs at 103.80 levels on January 03, 2017. Furthermore, the pair is just into its potential last wave […]

Morning Report: 07.00 London This morning, the US dollar is on the back foot, eating further into the gains made early last week. The dollar pairs are enjoying gains this morning as the dollar backs off the pace. The AUD/USD and NZD/USD are enjoying positive sessions as the former finds support in the 0.7800 region. […]

EU European Council Meetings took place on Friday and EU Council President Donald Tusk made the following comments: EU leaders agreed to spend more on migration, defence and security and all EU leaders are ready to work to modernize the budget, some ready to contribute more. Reaching an agreement on the budget this year appears […]

Technical outlook: The EUR/USD daily chart setups have been presented here with wave counts since January 2017. The bigger picture confirms that EUR/USD has already unfolded into 4 waves, and it is into the last wave at the moment. Also please note that the pair is into its final leg within the 5th wave as […]

USD/JPY is under pressure. The pair is capped by a bearish trend line, which confirms a negative outlook. The declining 50-period moving average should push the prices lower. The relative strength index lacks upward momentum. To conclude, as long as 107.10 is not surpassed, look for a further drop with targets at 106.10 and 105.75 […]

USD/CHF is expected to trade with bullish outlook. The pair managed to hold above its key support at 0.9310, and also remains bullish, backed by its ascending trend line. Besides, a bullish cross has been identified between the 20-period and 50-period moving averages. Furthermore, the relative strength index is turning up, and calls for a […]

Wave summary: The first minor rally from the 1.6740 low does look impulsive (5 small waves), this means the corrective target-area between 1.6763 – 1.6791 ideally will be able to protect the downside for the next impulsive rally towards at least 1.7086 on the way higher to 1.7470 and 1.7777. In the short term, a […]

Wave summary: EUR/JPY is headed lower towards 127.52 as the next minor downside target on the way towards the ideal wave (E) target at 123.43. In the short term, we expect that the minor resistance at 131.90 will be able to cap the upside for a continuation lower. R3: 132.50 R2: 132.25 R1: 131.90 Pivot: […]

GBP/JPY is expected to trade with bullish outlook. The pair has just broken above its previous declining trend line, which should confirm a bullish reversal. A strong support base has formed around 131.00, which should limit any downward attempts. Last but not least, the relative strength index is bullish, and calls for a new upleg. […]

NZD/USD is expected to trade with bearish outlook. The pair remains under pressure below its nearest key resistance at 0.7360, and is likely to post a new decline to challenge the next support at 0.7270. Both the 20-period and 50-period moving averages are heading downward, and should continue to push the prices lower. Therefore, as […]