South Africa’s currency traded below 12.0 per U.S. Dollar for the first time since May 2015. The strength in the Rand was sparked by an improving domestic political environment and boosted by the greenback’s retreat. Cyril Ramaphosa was elected as head of the ruling African National Congress (ANC) in December and is likely to take […]

The US 500 index hit a fresh all-time high of 2,842.60 during today’s trading. The Tenkan-sen line remains above the Kijun-sen line – with both lines maintaining a positive slope –  and the RSI indicator continues to rise. All these are indicative of the positive momentum that is in place. However, the RSI is well […]

EURJPY is retreating during today’s European session while it has been trading within a narrow range over the last almost two weeks, with upper boundary at the 136.20 resistance level and lower boundary at the 135.15 support barrier. The pair managed to crawl back towards 135.15 after the bounce off the mid-level of the Bollinger band and a break below the narrow range could […]

USD/CAD has been trading with impulsive pullbacks. The pair is currently residing below the 1.2400 support area. CAD has been quite strong amid economic reports which enabled the currency to gain impulsive momentum over USD last month. USD has been struggling to gain ground since the recent rate hike decision taken by the US Fed […]

The president of the Swiss UBS Bank, Axel Weber, announced today that he will not advise bank clients on investing in cryptocurrencies, although he distinguishes institutional and retail clients when discussing the topic. In an interview with CNBC at the World Economic Forum (WEF) in Davos, Weber made a distinction between helping institutional clients to […]

It was a hard night for the US Dollar, which loses to all major currencies, and the US Dollar index is the lowest for over three years. The strongest are JPY and CHF. USD/JPY violated 110, EUR/USD trying to break 1.23, GBP/USD approached the 1.4050. The stock market does not show a clear direction, but […]

It’s Wednesday and this is the Spike Controller brought to you by the Dukascopy Forex TV Team. All three Euro/Dollar’s average spreads are at the point 3 pip level. Peak separation has been 1.1 pips. The pair has continued gaining ground and it rose by a total of 1% or 122 pips to hit the […]

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

Here are the latest developments in global markets: Forex: The dollar index traded nearly 0.2% lower on Wednesday, extending the losses it posted yesterday amid concerns of a potential escalation in trade tensions with China. STOCKS: Japanese equities corrected lower, with the Nikkei 225 and the Topix Indices closing down by 0.8% and 0.5% respectively, as […]

EUR/JPY has been making corrective moves, having no definite trend or market pressure above the 134.50-135.00 support area. Both currencies in the pair is struggling amid mixed economic reports which made market participants hesitate about preferences. This lead to further correction in the pair. Recently, BOJ Policy Rate report was published with the unchanged key […]

EUR/USD: Following the recent consolidating in the market, price has broken out to the upside. There is a Bullish Confirmation Pattern in the 4-hour chart, and therefore, price may be able to go further upwards, reaching the resistance lines at 1.2350, 1.2400, and 1.2450. Those are the targets for the remaining of this week. USD/CHF: […]

The Dollar index as expected made a new low. Trend remains bearish. The bullish divergence signs in the 4 hour chart are signaling that bears need to be very cautious and lower their stops to 91. As long as we are below 91 trend is bearish. Green lines – bullish divergence signs The Dollar index […]

You’re watching the Main Daily Trading Signals for Wednesday. Here’s how the interbank lines up with the technicals at 8 AM GMT. Neutral models prevail on Euro/Dollar’s hourly chart, but the mid and long-term scales turn bullish with 5 and 7 studies, respectively, and they are in line with the more than 45% long interbank. […]

In the 1960s, the global population was about 3 billion people. During this time, industrialization was catching up in countries in Europe and Asia. At the same time, European countries were working towards expanding their empires in Africa. Fast forward to today. The global population has surged to more than 7 billion people. This increase […]

Good morning, traders, the Dukascopy TV team is here with another Support and Resistance Level Report. Dollar is down across the board, and Euro/Dollar now has R1 of 1 2350 and S1 of 1 2280. Bollinger Upper Band is among the 3 models for R1, and R3 is a psychological level with 2 studies. The […]

AUDUSD has been outperforming over the last month, after the rebound on the strong psychological level of 0.7500, which coincides with the medium-term ascending trend line. The pair has been in bullish phase since January 2016, supported by higher bottoms and higher peaks. During the prior week, the price reached a new 4-month high near the 0.8040 resistance level, […]

The GOLD price remains in a bullish trend. The price is about to make one more new higher high above $1,344.30. Despite the bearish divergence signs price continues to rise above the cloud respecting support levels. Red lines – bearish divergence Support is at $1,337 and next and more important short-term support at $1,332. As […]

Burning forecast 01/24/2018 EURUSD: Attempt to breakthrough. In the morning, EURUSD made a breakout attempt: the price went up to the zone of 1.2300 – 1.2325, showing a new high of January 1.2334, but retreated at the time of writing the review. The nature of the movement is not yet clear – the European session […]

The President of the United States, Donald Trump, has changed from tough rhetoric to practical actions. On Monday, the tariffs on solar panels were increased by 50% while tariffs on washing machines added 30% for the next 4 years. According to media reports, Trump expressed dissatisfaction with the results of the negotiations of Wilbur Ross’s […]

Morning Report: 07.00 London The dollar index hit its lowest level in three years, trading below the 90 level for the first time since 2014. The move comes as key dollar pairs such as the GBP/USD and EUR/USD strengthen on rate hike expectations. The Pound was also helped by smaller than expected public sector net […]

Today we will have PMI data coming in from various economies around the world. Japan has already reported, with Europe next up, followed by the US in the afternoon. Japanese PMI data is close to a four-year high, showing good economic health in the manufacturing sector and the wider economy. Purchasing Managers Index measures the […]

Wave summary: We need to see a break above minor resistance at 1.7026 to confirm that wave ii completed with the test of 1.6684 and wave iii higher towards 1.7360 and 1.7777 is developing. As long as minor resistance at 1.7026 stays untouched, we will need to allow for a final spike lower to 1.6679, […]

Wave summary: No change in our view. We continue to look for a clear break below 135.00 confirming wave B peaked at 136.31 and wave C lower to 131.11 is developing. Short-term, we have seen a minor resistance at 135.71, which ideally will be able to cap the upside for the expected break below 135.00. […]

The price is now testing major resistance at 1.2309 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and a drop could occur at this level to push the price down to at least 1.2210 support (Fibonacci retracement, horizontal swing low support). Stochastic (21,5,3) is seeing major resistance at 94% where a corresponding reaction could […]

The price is now testing major support at 0.9569 (Fibonacci extension, horizontal swing low support) and we expect a bounce above this level to push the price up to at least 0.9699 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing major support above 3.7% where a corresponding bounce could occur. Buy above 0.9569. […]