EUR/USD: There is a clean bearish signal on the EUR/USD pair. The recent bearish attempt has paid off and price is now below the resistance line at 1.2250. The market is supposed to go further downwards at it is poised to reach the support lines at 1.2200 and 1.2150. The EMA 11 is below the […]

It’s a slow start for this trading week in terms of fundamentals and it’s also a market holiday in Japan as National Foundation Day is celebrated. Swiss Consumer Price Index for January is out first at a quarter past 8 AM. Prices have shown little change in recent months and they were level month on […]

GOLD PRICES steadied against the rising Dollar on Friday but headed for the 3rd weekly loss of 2018’s six weeks so far at $1315 per ounce amid what traders called “carnage in the stock market.”   Gold prices in all other major currencies bar the Japanese Yen held firm for the week, rising in Sterling […]

The cryptocurrency market has remained relatively stable. According to CoinMarketCap, the total market capitalisation has gone up by almost $120 billion (42%) from Tuesday lows, with BITCOIN trading around $8,000 and Ethereum near $800. The market seems to be waiting for new triggers, with the exception of Bitcoin Cash, that’s been adding more than 25% […]

Here are the latest developments in global markets: Forex: The dollar was gaining versus its major counterparts during early European trading hours, posting moderate gains after the US Congress reached a bipartisan deal on a two-year spending bill. The plan promises to increase the debt ceiling and funding on military and domestic programs, though, the markets […]

We’re halfway through this week’s last trading day, so let’s see how things are shaping up. Euro/Dollar shows limited rate movement of 54 pips and the pair has attracted 33% less than typical funds. Neutral sentiment of the traders is 11% short. Both the slow trading and narrow price movement range are limiting factors. Pound/Dollar […]

Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.

In 2018, XM continues to remain loyal to its long tradition of providing high-quality free education for retail traders in the MENA region. On 16 March, we will revisit Cairo, Egypt, with a brand-new seminar topic dedicated to a more in-depth understanding of specific Technical Analysis techniques in Forex and CFD trading. Seminar presenter Habib […]

Trading plan 09.02.2018 The general picture: Markets comprehend the collapse of the US market. On Thursday, the US market showed the second strongest drop for the week. It shows Major Indices to have minus 4% and the volumes were above the average by 30-50%. The market closed at its lowest rate. No doubt: Large institutions […]

EURUSD 1-hourly price action capped by falling resistance trend line Initial upside resistance can be found at the 1.2290-1.2310 levels. Price action is down trending, creating lower highs and lower lows. Sentiment appears bearish, with intraday below pointing to the downside supports at 1.2228, followed by the 1.2200 and 1.2185-1.2167 levels. Alternatively, a confirmed breakout […]

The trading week may be coming to an end, but that’s no reason to let your guard down; keep your broker accountable with the Dukascopy Spike Controller. Euro/Dollar’s spreads have averaged at point 35 pips during the past day and maximum separation has been 1 and a half pips. The pair rose sharply yesterday by […]

The BITCOIN (BTC) has been trading sideways at the price of $8.150. Accusations, rumors, and fears of manipulation in the cryptocurrency market have been around for a long while now. The most recent one involves Tether supposedly artificially propping up the price of bitcoin by printing USDT. Now one regulator demands that companies in its […]

BITCOIN has been quite stable with the gains recently which is indeed quite positive for the Crypto currency itself. Recently the market is being observed settling down a bit, with no more regulators trying to regulate the Bitcoin and pressurizing it as well. As of the current scenario, the investors are now trying to settle […]

Recently, the GOLD has been trading sideways at the price of $1,316.00. According to the 30M time – frame, I found confirmed head and shoulders pattern (bearish) in the background, which is a sign that seller is in control today. The price also respects a pivot level at the $1,316.00 which is another sign of […]

AUD/JPY has been quite impulsive with the bearish gains recently, after breaking below 87.50 price area with a daily close. JPY has been the dominant currency in the pair this week as AUD had some downbeat economic reports. Australia published a series of worse economic reports this week which lead the currency to lose some […]

Recently, the EUR/USD pair has been trading sideways at the price of 1.2268. According to the 30M time – frame, I found that the price did successful rejection of pivot resistance 1, which is a sign that buying looks risky. I also found an upward trendline and my advice is to watch for potential breakout […]

USD/CHF has recently retested the 0.9450 price area with a daily close which is expected to push the price much lower in the coming days. The recent retracement was due to the positive USD Employment Change report published this month which resulted to an impulsive bullish pressure after getting dominated by bears for a certain […]

Overview: The NZD/USD pair has faced strong resistances at the level of 0.7268 because support has become resistance since yesterday. So, the strong resistance has already formed at the level of 0.7268, and the pair is likely to try to approach it in order to test it again. However, if the pair fails to pass […]

Find out how the interbank compares with the technicals at 8 AM GMT by watching the Dukascopy Daily Trading Signals. Euro/Dollar’s hourly studies are mostly pointing North, but both the mid and long terms are mostly neutral. The 23% long interbank stance is bullish, just like the hourly models. Pound/Dollar’s short term brings 5 bullish […]

Find out how the interbank compares with the technicals at 8 AM GMT by watching the Dukascopy Daily Trading Signals. Euro/Dollar’s hourly studies are mostly pointing North, but both the mid and long terms are mostly neutral. The 23% long interbank stance is bullish, just like the hourly models. Pound/Dollar’s short term brings 5 bullish […]

Here are the latest developments in global markets: Forex: The dollar index was practically unchanged on Friday, remaining unfazed by the shutdown of the US government. Meanwhile, sterling gave back all of the gains it posted after the Bank of England appeared more hawkish yesterday. STOCKS: The turmoil in global equity markets got a second wind […]

Overview: The USD/CHF pair continued to move upwards from the level of 0.9344/0.9399. The pair rose from the level of 0.9399, but it rebounded from the price of 0.9399 to the top around 0.9460. In consequence, the USD/CHF pair broke resistance at 0.9444, which turned into strong support at the level of 0.9444. In the […]

The blockchain regulations in Germany will obtain a comprehensive strategy and legal support from the government. The consultation report with the participation of legislators and the lobbying group Blockchain Bundesverband underlines the positive future of technology. The group reports that the government welcomes the blockchain industry. “The lack of a legal framework for ICO and […]

During the American session, VIX came again over around thirty, thus moving away from the long-term average located ten points lower. A clear outflow of capital is also observed in Tokyo, where Nikkei, losing 2.3%, records the worst week for exactly two years. The same situation is being observed in China, where Shanghai Composite had […]

The Dollar index has stopped its ascension at the kijun-sen resistance. Bulls need to be very cautious because this is also the 38% Fibonacci retracement of the decline from 94.25. We might see one more new lower low towards 87 in the Dollar index before a bigger bounce. This scenario will be confirmed on a […]