This is the Dukascopy Midday Snapshot for Monday, where we’ll take a closer look at how well the market players have worked out the rate movements. Euro/Dollar has seen its trend change and the pair was back near the opening level at noon. Traded volume is average and neutral sentiment of the traders is 5% […]
Latest News
Let’s see which news releases could move the currency markets on Tuesday, the 23rd of January. This is the Economic Calendar. UK Public Sector Net Borrowing for December is up first at half past 9. The November budget deficit was smaller than anticipated, down from 10.8 billion a year ago. The closely watched German ZEW […]
Stock Market News – Netflix reports quarterly results after closing bell in overall busy earnings week
Entertainment company Netflix will be reporting its Q4 2017 results after Monday’s closing bell on Wall Street. The consensus recommendation for the company is a “buy”, the same as the average consensus recommendation for the Online Services peer group. The California-based company is expected to have made $0.41 in earnings per share during the […]
Weekly Technical Analysis: 22/01/2018 – USDJPY, EURUSD, GBPUSD, USD/CHF
Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.
Intraday technical levels and trading recommendations for EUR/USD for January 22, 2018
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. […]
NZD/USD Intraday technical levels and trading recommendations for January 22, 2018
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 […]
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Technical Analysis – Gold makes corrective move lower after challenging new 4-month high
GOLD moved lower over the previous week following the pullback from the 4-month high of 1344. The price snapped the five weekly winning sessions and posted a negative week as it lost momentum. The short-term technical indicators seem to be turning negative and point to more weakness in the market. In the 4-hour chart, the RSI indicator is pointing […]
EUR/USD: The EUR/USD pair consolidated throughout last week, neither going above the resistance line at 1.2300 (which was tested unsuccessfully), nor going below the support line at 1.2150. This week, there is going to be a directional movement, which would most probably favor bears, for the outlook on EUR pair is bearish for this week. […]
Trading plan 22 – 01/26/2018
Trading plan 22 – 01/26/2017 The general picture: The market is waiting for the decision of the ECB. The main event of the week is the ECB’s decision on monetary policy, which will be released on Thursday. Probably, the price will move sharply upward towards the level of 1.2500. The opening of the week is […]
Overview: The GBP/USD pair set above strong support at the level of 1.3758, which coincides with the 61.8% Fibonacci retracement level. This support has been rejected for four times confirming uptrend veracity. Thus, major support is seen at the level of 1.3758 because the trend is still showing strength above it. Accordingly, the pair is […]
Stay on top of your trades this Monday with the Dukascopy Spike Controller. Here’s a closer look at the benchmark interbank price data for the three non-cross majors. Euro/Dollar’s long term average spread is point 34 pips and peak separation of point 9 pips took place less than 4 hours ago. The pair trades above […]
This week, the focus of investors will be turned to Washington. On Friday, republicans and democrats failed to reach a consensus on funding the government leading to a shutdown. The rifts between the two parties are growing as both sides take hardline positions. On Sunday, Trump suggested that republicans should use the nuclear option for […]
On Friday, Energy Information Administration (EIA) released an interesting statement. In their estimation, the United States will pass Saudi Arabia and Russia to become the leading exporter of Crude Oil in the next twelve months. The country will be producing more than 10 million barrels of crude oil every day. This is an important development. […]
Technical Analysis 22/01/2018 – USDJPY neutral in short term; bearish medium-term outlook intact
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Overview: On the four-hour chart, the EUR/USD pair bullish trend from the support levels of 1.2193 and 1.2092. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support […]
Bitcoin analysis for 22/01/2018
BITCOIN is under intense supervision on Bali – an island in the Indonesian archipelago. Central Bank officials are trying to solve the cryptocurrencies of the country. Causa Iman Karana, head of the Indonesian Bank’s representation in Bali, said: “We have learned from some social media entries that Bali has become a haven for bitcoin transactions, […]
Trading plan for 22/10/2018
The US Dollar suffered shortly due to a lack of agreement in the US Congress regarding the extension of budget financing, which stopped the work of public administration. Similarly, EUR does not feel the reaction of the SPD delegates to the coalition with the CDU. After the broad market, there is no increase in risk […]
Recently, GOLD has been trading sideways at the price of $1,331.00. According to the 30M time – frame, I found successful rejection of the upward trendline (support), which is a sign that selling looks risky. I also found a potential bullish flag in progress and a hidden bullish divergence on the stochastic oscillator, which is […]
GOLD is making lower lows and lower highs since the high of $1,345 in the 4-hour chart. Trend remains bullish though as price continues to hold above the 4-hour Kumo (cloud). Red lines – bearish divergence Green line – important support Black line- short-term resistance Gold price is trading right above the Kumo (cloud) in […]
Morning Report: 07.00 London This morning, the dollar is slightly stronger, but there has been a muted reaction to the US government shutdown. The dollar index is slightly higher. The dollar pairs are on the back foot with the EUR/USD sliding more than most ahead of Thursday’s ECB meeting. The Euro’s underperformance is causing the […]
Good Monday morning, the Dukascopy TV team is here with this week’s first Support and Resistance Level Report. Euro/Dollar has the closest levels of 1 2250 in resistance and 1 2220 in support. The lowest resistance line has found 6 matches. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and […]
U.S. Government Shuts Down, German SPD Votes for Coalition Talks with Merkel
The U.S. government shutdown over the weekend as the Senate failed to pass a bill to keep the funds flowing late on Friday. The Democrats are making an issue of protections for young undocumented immigrants. President Trump has responded saying he will not negotiate on the issue until democrats vote to end the shutdown and […]
USD/JPY is under pressure. The pair is capped by a declining trend line since January 18, which confirmed a bearish outlook. The descending 50-period moving average is playing a resistance role. The relative strength index is mixed with a bearish bias. To conclude, below 111.10, look for a new drop with targets at 110.50 and […]
USD/CHF is expected to continue its rebound and expected to further advance. The pair is now in a bullish trend after the recent upside breakout of its declining trend line. The 20-period moving average reversed up, and also crossed above the 50-period one. Last but not least, the relative strength index stays above its neutrality […]