Hello, you’re watching the Dukascopy Spike Controller, providing you with the benchmark interbank price data for Tuesday. All three Euro/Dollar’s averages are equal at point 31 pips and peak separation has been 2.2 pips. The pair declined by a total of point 75% or 93 pips, before bouncing back from the low of 1 2335. […]
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Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3979. Anyway, according to the 30M time – frame, I found a bullish breakout of the supply trendline (resistance), which is a sign that buyers are in control. I also found a hidden bullish divergence on the moving average oscillator and […]
Hello, you’re watching the Dukascopy Spike Controller, providing you with the benchmark interbank price data for Tuesday. All three Euro/Dollar’s averages are equal at point 31 pips and peak separation has been 2.2 pips. The pair declined by a total of point 75% or 93 pips, before bouncing back from the low of 1 2335. […]
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European Open Preview – US dollar rebounds as stocks sell off; flash Eurozone GDP on tap
Here are the latest developments in global markets: Forex: The US dollar continued to stage a recovery during Tuesday’sAsian session against most majors with the exception of the Yen. The latter currency was bid as it performed its traditional role of safe-haven. The dollar index was around 1% higher from its 3-year low hit on Thursday. Rising […]
Bitcoin analysis for 30/01/2018
Isabelle Mateos Y Lago, the main strategist of many assets in BlackRock, a $ 5.7 billion asset management corporation, said the company was working on a thorough cryptocurrency assessment. In an interview, for Bloomberg TV on Monday, 29 January, the CEO said that although cryptocurrency is not currently an “asset-able” investment, it actively follows progress […]
Trading plan for 30/01/2018
The Asian part of Tuesday’s listing is marked by a further strengthening of the US Dollar, which is strongly opposed by the Japanese Yen (0.2%), due to excellent retail sales data for December (0.9% m / m, consensus: -0.4%.). The above fact is not favorable for investors in Tokyo, where the Nikkei 225 index valuation […]
The Dollar index remains in a bearish trend. The index made a bounce towards short-term resistance but it is far from confirming a bullish reversal in the 4 -hour chart. The 4-hour trend change level coincides with the 38% Fibonacci resistance level that bulls need to break for a bigger bounce to unfold. Red lines […]
GOLD has pulled back towards cloud support as expected after breaking below the tenkan- and kijun-sen. Trend remains bullish as long as price is above the 4 hour cloud, but we are now at an important junction. The weekly chart is showing rejection signs. Gold price is testing the 4 hour Kumo (cloud) support at […]
You’re watching the Daily Trading Signals for Tuesday. Here’s how the technical indicators compare with the interbank stance at 8 AM GMT. Euro/Dollar’s 1 and 4 hour indicators are mostly red, but outlook shifts to neutral in the daily scale. Interbank sentiment is strongly bullish at more than 40% long. The Cable shows a similar […]
NASDAQ Futures Technical Analysis: Overbought Territory. NASDAQ is the largest index focused on technology in the world. Its components have a combined market cap of more than $10 trillion. They include companies like Apple, Microsoft, Google, Amazon Salesforce. In the past year, the index has been the best performing as investors move to growth stocks […]
You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. First up is the Euro/Dollar, which is trading in the range limited by R1 of 1 2380 and S1 of 1 2310. R1 and R3 both have 3 confirmations and the highest level is a price channel indicator […]
Burning Forecast 01/30/2018
Burning Forecast 01/30/2018 EURUSD: Range. We look forward to strong news in the coming days. State of the market: Range. The uptrend is not canceled, so purchases are preferable. In the coming days there will be strong news: the Fed will begin its meeting tomorrow January 31, reports on employment in the US will be […]
EUR/USD: What is happening in the market can now be termed a sale in the context of a downtrend. Price merely came down by 40 pips on January 29, and that may end up being a good opportunity to buy long at better prices. It is expected that price could turn upwards from here; otherwise, […]
Morning Report: 07.00 London This morning, the Japanese Yen is on the rise as markets look for safer harbours and the previous weeks excesses are blown away. The yen pairs are the biggest losers, with the AUD/JPY down 0.62%. The USD/JPY itself has continued its losing run that first started in November. This comes as […]
US State of the Union Tonight
President Donald Trump will deliver his first State of the Union Address at 21:00 EST (02:00 GMT Wednesday 31st January) tonight from Capitol Hill. Any reference made to the economy, trade or the U.S. dollar could result in volatility in markets. The consensus deems it likely that the speech will have a direct impact on […]
GBPUSD stalled its recent rally after touching its highest level since June 2016 but continues to trade in bullish environment as it maintains a positive trend and technical indicators signal that the market might retain this bullish phase in the medium-term. The market crawled well above the simple moving average lines (SMA) which are currently […]
BITCOIN is currently residing at the edge of $11,000 price area inside the range of $8,000 to $12,000. After the recent stable gains, the engulfing of a bearish candle does indicate further correction in the Bitcoin for the coming days. The volatility and liquidity in this pair have decreased as it used to be, but […]
The Dollar pushes back, UK Consumer Confidence is up, German workers to strike over wages.
Forex Market Reviews: http://thefxlounge.com/#Market-Review -The Dollar finds its feet and makes modest gains. -UK Consumers are more confident In Jan says You Gov index. -The US Treasury has a new list of elite Russians with Kremlin ties. -IG Metall flexes its muscles in German wage negotiations. -Progress was made in recent NAFTA talks say, officials. […]
EUR/JPY is currently struggling at the edge of 134.50 support area with impulsive bearish momentum which is expected to break lower to create lower highs in the process. Both EUR and JPY have been struggling with the mixed economic reports recently, whereas JPY Industrial Activity progress and Development in Tertiary Industry helped the currency to […]
GBP/USD is currently showing some bearish pressure after bouncing off the 1.4350 resistance area recently with a daily close. GBP has been the dominant currency in the pair having positive economic reports which helped the currency to gain impulsive momentum over USD during its struggling period. Ahead of the upcoming high impact USD economic reports, […]
When the European market opens, some Economic Data will be released such as Italian 10-y Bond Auction, Prelim Flash GDP q/q, Spanish Flash GDP q/q, French Consumer Spending m/m, German Prelim CPI m/m and French Flash GDP q/q. The US will release the Economic Data too, such as CB Consumer Confidence and S&P/CS Composite-20 HPI […]
In Asia, Japan will release the BOJ Core CPI y/y, Retail Sales y/y, Unemployment Rate and Household Spending y/y data, and the US will release some Economic Data such as CB Consumer Confidence and S&P/CS Composite-20 HPI y/y. So, there is a probability the USD/JPY will move with a low to medium volatility during this […]
Wave summary: The correction in wave ii/ continues to develop nice and slow for an expected dip to 1.6800 before wave iii/ takes over for a rally towards 1.7360 on the way higher to 1.7479 and 1.7777. Short-term a minor resistance is seen at 1.6957 and only a break above here will indicate that wave […]
Wave summary: EUR/JPY is consolidating nicely below the pivot point at 135.00, which confirms more downside pressure shortly towards 131.11 from where another corrective rally is expected. Looking at the larger picture, wave (D) of a huge triangle consolidation completed with the peak at 136.64 and wave (E) is now developing and for the weeks […]