EUR/USD: The signal on the EUR/USD pair has almost become bearish. Price has gone below the resistance line at 1.2400, and it is consolidating between that resistance line and the support line at 1.2350, which has been tested before, and will be tested again. It is more likely that the support line would even be […]

The Dollar index is showing short-term reversal signs. Price has broken out and above the 4-hour Kumo (cloud) resistance. Price is now back testing the cloud support (previous resistance) and is expected to move higher towards 91. The Dollar index has short-term support at 89.60-89.50 which was previous resistance. This is also where the cloud […]

Our first target which we predicted in yesterday’s analysis has been hit. The pair continues a rebound initiated at a low of 108.43 seen yesterday (February 6). Currently support is located at 108.80 while striking against the upper Bollinger band. Extra support is provided by the ascending 20-period moving average, which has crossed above the […]

USD/JPY has been volatile and corrective, recently having resistance of the dynamic level and being above the support area of 108.50-109.20. Despite having positive Employment Change report of USD on Friday, JPY sustained the bearish momentum which resulted the price to reside between the 108.50-109.20 support area. Today, JPY Average Cash Earning report was published […]

Morning Report: 07.00 London World markets rallied hard yesterday as after the worst sell-off since 2015. The question now remains whether this will prove to be a dead cat bounce or the catalyst for renewed highs. On Forex markets, the dollar has continued to weaken after a volatile session yesterday. Some traders are betting that […]

Good morning, traders, you’re watching the Dukascopy Daily Trading Signals for Wednesday. Euro/Dollar’s technical indicators are mostly neutral in all three time scales, but the 28% long interbank is bullish. The Cable has 5 neutrals in the short term, 5 red prompts in the mid term and mixed results in the daily range. The close […]

BoE Preview: Will Carney Live to the Expectations? Today, the Bank of England’s (BOE) starts its two-day meeting, which will culminate in tomorrow’s decision on interest rates. The meeting comes at an interesting period for the global financial markets. As you already know, global markets have seen significant swings in the past two days. These […]

GBP/JPY: In a Silent Day, Politics Could Dominate. For years, the Pound was in rallying mode against the Japanese Yen. This Bull Run ended in August 2015 when the pair reached a high of 195.01. After that, the pair has been in a decline, which accelerated in mid-2016 when Brexit vote passed. The currency pair […]

AUDUSD edged sharply lower over the previous six trading days, however, during yesterday’s session, the price snapped the steep losses and recorded a positive day, following the rebound on the lower Bollinger band around 0.7835. Looking on the bigger picture, the pullback from the 32-month high of 0.8135 endorsed the bearish phase, while the short-term […]

GOLD price broke below the $1,334-30 support and pushed towards $1,319-23 where the Head and shoulders neckline support is found. The price briefly broke the neckline but reversed back upwards towards $1,331. As long as price is below $1,345 I believe it is more probable to see $1,310. Blue line – neckline support Black rectangle […]

Our first target which we predicted in previous analysis has been hit. USD/CHF is still expected to trade in the upper range. Although the pair posted a pullback, a support base at 0.9315 has formed and has allowed for a temporary stabilization. The rising 50-period moving average is playing a support role. To sum up, […]

GBP/JPY is expected to trade with a bullish outlook. Despite the pair breaking below its 20-period and 50-period moving averages, it is still trading above the key support at 152.05, which should limit the downside potential. Even though a continuation of consolidation cannot be ruled out, its extent should be limited. To conclude, as long […]

Breaking forecast 02/07/2018 EURUSD: Waiting for the upward movement. On Tuesday, a break below the daily level of 1.2330 was false – our selling are gone in those footsteps. Now the upward movement looks more likely: Breakthrough of the level of 1.2440, then a test of the level of 1.2525 and in case of a […]

GBP/USD has recently rejected off the 1.3850-1.3950 area with a daily close which is currently expected to proceed higher in the coming days. USD has been quite dominant this week over GBP, which was a result of the positive Employment Change report published without any change in Unemployment Rate. The positive Employment Change report result […]

Global Stock exchanges recovered somewhat on Tuesday, but as Asia closes, its equity markets are ending the session on the lows of the day, with the Japan 225 down to the 21600.00 area from a high of 22350.00. Whether this pattern continues into Europe remains to be seen. This switch back to risk-off mode has […]

NZD/USD is expected to trade with a bullish outlook. The pair posted a inverted head & shoulder pattern, which confirmed a bullish reversal. The 20-period moving average crossed above the 50-period one. The relative strength index is supported by the ascending trend line since February 2. Therefore, as long as 0.7275 is not broken, look […]

Wave summary: We have seen the expected correction lower, but not yet quite a deep as expected (the low has been seen at 1.6825). As long as minor resistance at 1.6976 is able to cap the upside, we still expect a final dip closer to 1.6808 with an outside chance of moving lower to 1.6740 […]

Wave summary: EUR/JPY has followed the expected path to perfection and the corrective rally we were looking for could and should be complete soon for more downside pressure towards 133.01 and 131.24 and the next downside targets on the way lower to the long-term ideal wave (E) target at 123.43. Short-term a break below minor […]

When the European market opens, some Economic Data will be released such as German 10-y Bond Auction, Italian Retail Sales m/m, French Trade Balance, and German Industrial Production m/m. The US will release the Economic Data too, such as Consumer Credit m/m, 10-y Bond Auction, and Crude Oil Inventories, so, amid the reports, EUR/USD will […]

In Asia, Japan will release the Leading Indicators and Average Cash Earnings y/y data, and the US will release some Economic Data such as Consumer Credit m/m, 10-y Bond Auction, and Crude Oil Inventories. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: […]

USDX still hovers around the 200 SMA at the H1 chart and it seems we could expect another leg higher. However, as the broad-based USD weakness remains alive across the board, one should expect a breakout of the 89.36 level in order to reach the support zone of 87.88. MACD indicator remains in the negative […]

The pair extended the decline during Tuesday’s session, but later it trimmed some of the losses and remained supported by the 1.3850 level. A bullish move could take place at this stage, focusing on the 200 SMA at the H1 chart, at which a breakout should expose the 1.4280 level. MACD indicator supports the bullish […]

The price is testing major resistance at 87.82 (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension) and we expect to see a strong reaction off this level to push price further down to 86.47 support (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is also approaching major resistance at 95% where a corresponding reaction could occur. […]

The price has dropped perfectly and reached our profit target. We are now seeing a bounce and price approaching major resistance at 110.29 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur from this level to push the price down to at least 108.54 support (Fibonacci extension, horizontal swing low support). […]

BITCOIN has reached $6,000 price area before showing some bullish intervention in the market. The overall Crypto market, as well as the stock market, has been also in the bearish mode recently whereas the investors are currently quite indecisive about upcoming market momentum. Impulsive selling pressure on Bitcoin did affect all major Crypto currencies like […]