In the holiday season, the currency market makes uncorrelated movements that are difficult to attribute to a specific reason. The USD continues to slowly strengthen across the board, only AUD is currently higher. In the commodity market, GOLD and Copper are falling down, but Oil is holding tight. On Tuesday 20th of February, the event […]

This is the Dukascopy Spike Controller for Tuesday, where we take a closer look at the benchmark interbank price stats. Euro/Dollar’s long term average and maximum spreads are point 39 and 1.6 pips respectively. The pair has retreated over the past 24 hours, declining by point 68% or 84 pips to hit the low of […]

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. […]

Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated 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, a further bearish decline was expected towards 0.6800 (the reversal pattern bearish target). Evident […]

The dollar index is challenging the 4 hour cloud resistance and the medium-term trend line resistance at 89.50-90 area. Trend is bearish in cloud terms, but it can confirm a reversal soon if it breaks above the cloud. Red line – medium-term resistance trend line The US dollar index is testing the previous support which […]

Here are the latest developments in global markets: Forex: The dollar index traded 0.4% higher on Tuesday, drawing some support from an uptick in the yields of longer-dated US Treasuries. The index rebounded on Friday after touching a fresh 3-year low, and has continued recovering since. STOCKS: US markets remained closed yesterday in celebration of the President’s […]

GOLD price has broken below the $1,340 level. The price is heading towards the cloud support as expected after getting rejected once again at the $1,350-60 area. The price got rejected for the second time at the long-term resistance level. In the 4 hour chart, Gold price is still above the Ichimoku cloud (Kumo). Trend […]

Morning Report: 07.00 London This morning, the US dollar has continued to rebound, with the US dollar index rallying for the third straight session. The bulk of this move started on Friday, but dollar pairs are still struggling in the face of it. The EUR/USD is firmly lower, as is the GBP/USD. The AUD/USD is […]

You’re watching the Dukascopy Daily Trading Signals for Tuesday. Here’s how our in-house model tests out. Euro/Dollar has red across both the 1 and 4-hour charts. Daily range brings 6 neutrals. The 26% long interbank sentiment is bullish. Pound/Dollar shows a similar picture – both the short and mid term models are mostly red and […]

EURUSD has been underperforming in the past three days after it reached a new more than three-year high of 1.2554 during the prior week. The price created a pullback and is now trading slightly lower near the 20-simple moving average in the daily timeframe. The short-term technical indicators are bearish and point to more weakness in the market. […]

Breaking forecast 02/20/2018 EURUSD: Consolidation before growth. The whole technical picture indicates the incompleteness of the upward trend: No reversal figure. The price is well above the support line. Major safe haven assets – Yen, franc, GOLD, Pound -are pictured directed against the dollar. At the same time, before the increase can be significant, there […]

Overview: The NZD/USD pair is still trading around the spot of 0.7367, for that, it probably will continue to climb from the level of 0.7367. It should be noted that the support is established at the level of 0.7367 which represents the daily pivot point on the H1 chart. The price is likely to form […]

Technical outlook: The EURUSD daily chart wave counts have been presented here from January 2017 till now. The pair looks to be progressing into its 5th of (5)th wave as labeled here. A drop below 1.2205 would negative the above view and confirm that a meaningful top is in place and that EURUSD would be […]

Overview: The USD/CHF pair will continue rising from the level of 0.9295 in the long term. It should be noted that the support is established at the level of 0.9295 which represents the daily pivot point on the H1 chart. The price is likely to form a double bottom in the same time frame. Accordingly, […]

BOE Governor Mark Carney delivered a speech about leadership and values at Regent’s University, in London, followed by audience questions. Some of his comments were: something will go wrong again even if we don’t know what it is or when. He said the best defence against a future crisis is an anti-fragile system. He cites […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -The US Dollar post modest gains in quiet markets. –BITCOIN +34% in a week. – HSBC makes US$21.0 billion but still misses forecasts. –Oil prices edge up on OPEC comments. -The RBA remains cautious over wages and rates. -Why haven’t workers wages risen? The overnight changes and price moves to be […]

Wave summary: A break above the minor resistance at 1.6865 will indicate that the wave ii has completed and the wave iii higher to 1.7470 and 1.7777 is developing. As long as the minor resistance at 1.6865 is able to cap the upside as long must we allow for a final spike lower to 1.6740 […]

Wave summary: We continue to look for a corrective pop into the 134.73 – 135.39 area before the next strong decline towards 129.30 on the way lower to 123.43 is seen. The short-term support at 131.70 is expected to protect the downside for a break above the minor resistance at 132.62, that calls for the […]

When the European market opens, some Economic Data will be released such as Consumer Confidence, ZEW Economic Sentiment, German ZEW Economic Sentiment, and German PPI m/m. But the US will not release sny Economic Data today, so amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: […]

Asia, Japan & the US will not release any Economic Data. So there is a probability that the USD/JPY pair will move with low volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 107.28. Resistance. 2: 107.07. Resistance. 1: 106.86. Support. 1: 106.60. Support. 2: 106.39. Support. 3: 106.18. Disclaimer: Trading Forex (foreign exchange) on […]

The index didn’t manage to break above the 200 SMA at H1 chart, and it seems we could expect a pullback in order to resume the bearish trend. A fractal was formed around the 89.36 level, making a strong resistance area at the current stage. The next target to the downside is placed at 87.88. […]

GBP/USD had no major action during the Monday’s session, but it remains steady around the 200 SMA at H1 chart. To the downside, the nearest support lies at 1.3939, where a breakout should open the doors to test the 1.3753 level. Overall, volatility should favor to the bears across the board, and the pair is […]

Price is now testing major resistance at 0.7404 (channel resistance, horizontal overlap resistance, Fibonacci retracement), but we’re also seeing that it might break out of our long term descending channel, so we have to be careful and monitor price movement. If the price starts reacting off our selling area and reintegrates nicely into the channel, […]

Reason for the trading strategy (fundamentally): The latest news surrounding BITCOIN involves Israel confirming it will tax bitcoin as a property, meaning that it is treated more as ‘a property, not a currency’, making it therefore taxable as such means profits from cryptocurrencies will be subject to capital gains tax at rates between 20-25%, while […]

Overview The GOLD price settled around 1,345.00 level after the strong decline that it witnessed on last Friday, noticing that stochastic got rid of its negativity and gained clear positive momentum on the four hours’ time frame, while the EMA50 continues to support the price from below. Therefore, we expect to resume the bullish track […]