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, further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident signs of […]

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.4065. Anyway, accorrding to the 30M time – frarme, I found a successful test of the pivot level at the price of 1.4065, which is a sign that selling GBP/USD at this stage looks risky. I also found a bullish cross […]

We’re halfway through the last trading day of the week; let’s see how things are shaping up for the market players. Euro/Dollar rose slightly early on, but a following decline puts the pair South of the 1 25 level. Traded volume is average and sentiment of the traders is neutral, almost at an even balance. […]

Recently, the USD/JPY has been trading downwards. The price tested the level of 105.54. Anyway, accorrding to the 30M time – frarme, I found fake breakout of yesterday’s low at the price of 106.01, which is signt that selling looks risky. I also found a hidden bullish divergence on the moving aveage oscillator, which is […]

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. […]

EUR/USD: The EUR/USD pair has gained about 300 pips this week… Having tested the resistance line at 1.2550. There has been a minor bearish retracement after the resistance line was tested, but price would go upwards again to test the resistance line and breach it to the upside. This would make the market target another […]

The New Zealand Dollar has continued to strengthen after the Reserve Bank of New Zealand’s (RBNZ) latest survey of inflation expectations was released on Wednesday. The survey revealed a steady climb in the number of businesses expecting inflation to rise over the coming years. The RBNZ will only raise interest rates after inflation has made […]

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Keep your broker on a short leash and check their price feed with the Dukascopy Spike Controller. Euro/dollar’s long term average spread is point 37 pips and both of the sides separated by 1.8 pips yesterday. The pair has moved above the 1 25 level as it gained point 79% or 99 pips. It was […]

Eurozone final CPI inflation for January will be among the main events in the Forex markets as traders look to see whether the data supports the hawks or the doves on the European Central Bank’s governing council. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, […]

Trading plan 02/16/2018 The overall picture: The fall of the dollar. The dollar updates the lows: the dollar-Yen, dollar-franc falls. Today, the Euro reached a new high. Buy the euro from 1.2515, stop at 1.2470, target at 1.2630. There are no important news: the market continues the trend “by inertia”, until the big players decide […]

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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

The dollar is down 2.2% since the start of this week in what’s come to be the currency’s worst performance in two years, with USDX falling to 88.15 in a new three-year low. Strong macroeconomic indicators have triggered expectations that the ECB and the Bank of Japan, the second and third most important central banks […]

These are the Dukascopy Daily Trading Signals for Friday. Here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar’s hourly indicators are neutral, but both the mid and long terms are mostly green, in line with the close to 30% long interbank sentiment. There are 6 neutrals in the Cable’s short term […]

Here are the latest developments in global markets: Forex: The dollar index traded almost 0.3% lower on Friday, adding to the losses it posted yesterday and recording a new three-year low. The continued slide in the world’s reverse currency managed to push Euro/dollar to 1.2555 overnight, marking a fresh high last seen in 2014 for the […]

The head of the International Monetary Foundation (IMF), Christine Lagarde, said that the regulation of cryptocurrencies was inevitable and necessary at the international level. Asked during the interview about whether the growing popularity of cryptocurrency markets was caused by the hunger for high profits in global markets, Lagarde replied that that trend showed the mentality […]

Asia is continuing the holiday break, so the market participants can observe further weakening of the USD and sustaining increases in the stock market. EUR/USD hit 1.2450, USD/JPY went down to 105.50. AUD is also very strong. The weakness of the dollar supports increases in GOLD and Crude Oil prices. On Friday 16th of February, […]

The Dollar index is making new lows as expected. Trend remains bearish. Target area for the downward move to be complete is around 87.50. This does not mean that the decline could end sooner. Bears should not get overconfident, as there are important divergence signals. Red line – resistance In the 4 hour chart the […]

GOLD price is making new highs, and price remains in a bullish trend. The price remains below the January highs but it is expected to move above them. This is not the time to be chasing the bullish trend. When breaking above the $1,334 resistance was the time to buy. Now it is time to […]

The intensive Forex and CFD trading seminar series that XM started in various countries in Southeast Asia a few years ago continue on a sustained basis, repeatedly offering educational events for a great number of online investors to acquire new knowledge or improve their existing skills with practical information. Starting on 17 March, a new […]

USDCAD attempted several times to cross above the 50% Fibonacci of the downleg from 1.2919 to 1.2248 but its efforts were fruitless as it finally reversed direction to test resistance at the 38.2% Fibonacci. The technical indicators now support that the short-term bias is neutral, while in the medium-term the outlook is seen bearish. The […]

Burning Forecast 02/16/2018 EURUSD: Strong signal upward. There were no important news. The market continues to win back expectations of accelerating inflation in the US – and raising the Fed’s rates and profitability. Through a somewhat peculiar and non-classical logic, this leads to a fall in the dollar. (According to the “classic” everything should be […]

Technical outlook: The Daily chart wave counts presented here for EUR/USD clearly suggests that the 5th of 5th wave is very close to termination, or it has already terminated. A break below the 1.2460 level would indicate that a meaningful top is in place but a certain confirmation would be on a break below the […]

Morning Report: 07.00 London This morning, the US dollar index is on the slide again, threatening fresh 2018 lows as last week’s rate hike excitement subsides. Stock markets are riding to the highs again by contrast. The biggest winner this morning is again the Japanese Yen, with the USD/JPY down 2.8% on the week and […]

There was reduced liquidity in the Asian session due to the observance of the Chinese New Year festivities. However, there was still business to be attended to as the Bank of Japan re-appointed Governor Kuroda for a second term at the helm. There were also two deputy governors nominated: Amamiya is the current Bank of […]