The morning session is over on this Monday, so let’s see how things are shaping up. Euro/Dollar shows limited rate movement and this reflects in slower than usual trading activity as well. Sentiment of the traders is neutral. Both sides have had only limited profit opportunities due to the narrow price movement range and passive […]

The British Pound swept the roller coaster, first taking off significantly above an important psychological value of $1.4 mark against the backdrop of the Bank of England’s “hawkish” comments followed by a collapse below $1.39 due to the growing risks of the tough Brexit negotiations. According to the EU’s chief negotiator, Michel Barnier, if the […]

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 […]

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

This is the Dukascopy Economic Calendar for Tuesday, the 13th of February. Let’s see which news releases could move the currency markets. Swiss Producer Price Index for January is up first at a quarter past 8 AM. Second half of 2017 has brought 5 consecutive monthly increases. Then it will be busy with UK publications […]

Here are the latest developments in global markets: Forex: The US currency remained lower on the day, with its broader gauge, the dollar index, being down by 0.3% around midday. The Euro and sterling were advancing versus the greenback, after declining notably in the preceding week and recording multi-week lows. Specifically, euro/dollar shed 1.6% during the week […]

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 upwards. The price tested the level of $8.770. Bitcoin and cryptocurrency mining has provided a consistent and growing market for the computer hardware manufacturers that produce the relevant chips for each segment. The main player on the GPU side (in contrast to ASIC mining) in 2017 was Nvidia, but […]

Technical outlook: The EUR/USD pair seems to be just one leg away from terminating into its wave 4 of one lesser degree, from what has been projected on the daily chart. The pair might form just one more low below 1.2205 levels before turning higher again, or it is done and could continue higher from […]

Recently, the GOLD has been trading sideways at the price of $1,320.00. According to the 30M time – frame, I found that rejection of the pivot resistance 2 at the price of $1,328.00, which is a sign that buying looks risky. I also found a breakout of intraday support cluster at $1,322.00, which is a […]

Recently, the GBP/USD has been trading sideways at the price of 1.3844. According to the 30M time – frame, I found that the price has broke the upward channel in the background, which is a sign that buying looks risky. I also found a successful rejection of the pivot level (1.3860) and the doji candle, […]

EUR/USD: The EUR/USD pair had a strong bearish movement last week, which resulted in a bearish bias. Price dropped 240 pips, to close below the resistance line at 1.2250 on Friday. The outlook on the EUR pairs is bearish for the week, and thus the bearishness in the market would continue, as price aims for […]

It’s Monday and time for the Dukascopy Spike controller, where we’ll provide you with the benchmark spread data. Euro/Dollar’s long term average spread is point 38 pips and both of the sides were 1.2 pips apart yesterday. Euro started the week with a push higher, gaining point 45% or 55 pips, before retreating from the […]

French and German finance ministers are still demanding strict regulation of BITCOIN and other cryptocurrencies. According to reports, the French Finance Minister Bruno Le Maire and the Interim German Finance Minister Peter Altmaier wrote a letter to fellow finance ministers of the G20, in which they argue that cryptocurrencies are not only risky for investors […]

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Here are the latest developments in global markets: Forex: The dollar index traded 0.3% lower on Monday, despite the recent surge in 10-year US Treasury yields, which are now hovering near 2.88%. STOCKS: US equity Indices experienced a tentative rebound on Friday. The S&P 500 led the way, rising by 1.5%, while the DOW Jones and the […]

We are starting a new week on the financial markets, where from the beginning we can see a mixed attitude for the American currency. The US Dollar index is traded today 0.3% lower, which gives us an EURUSD pair around 1.2300. Looking at the macroeconomic calendar, we see a typical Monday with the lack of […]

The Dollar index made a double top at 90.60 and got rejected. The price, however, still remains above the Ichimoku cloud. Bears will need to break below 89.60 for another leg down towards 87, while bulls need to keep prices above 89.60 and produce a higher low before resuming their upward bounce. The price is […]

The GOLD price as expected is bouncing towards the broken neckline resistance of $1,326. Support at $1,310-$1,307 held and produced this bounce. It is important for bears to see a rejection today and a break below $1,312 otherwise bulls could be preparing for a higher high and a break towards next important resistance of $1,337-40. […]

Breaking forecast 02/12/2018 EURUSD: We are looking forward to a breakthrough. The calendar has almost no news. There is no development that is significant. Some recovery might be brought by inflation data to the US, which will be released on Wednesday 14 February. The turmoil in the markets caused by the rapid correction in the […]

These are the Dukascopy Daily Trading Signals for Monday. Here’s how the interbank compares with the technicals at 8 AM GMT. 5 models are neutral in the Euro/Dollar’s hourly scale. Mid term brings mixed results and 4 studies point South in the daily range. The close to 24% long interbank is bullish. 6 models are […]

EURUSD remains under pressure and risk is still to the downside as prices continue to drift lower from the 3-year high of 1.2540. In the weekly timeframe, the world’s most traded currency snapped the seven winning sessions and posted a red candle. The short-term technical indicators seem to be in confusion as the price has […]

Trading plan 12/02/2018 The general picture: The market is waiting for an impulse. Last week, the markets were completely engaged in a correction in the US stock market. However, on Friday, at the close of the week, the US market showed a strong rebound to the top, which is likely to indicate the end of […]

Morning Report: 07.00 London After last week’s excitement markets appear stable, but the S&P 500 still remains down by 2% year to date. The dollar has backed off the pace this morning as Donald Trump prepares massive infrastructure plans – another potential risk event for market traders. The weak dollar is helping the dollar pairs […]

A quiet week ahead on the data front at first glance but US Inflation on Wednesday will be a major market mover. Market participants will view this data point as an indicator given the reaction to higher inflation on bonds and Central Bank policy. Higher Inflation would impact the pace of rate hikes from the […]