Recently, the USD/JPY has been trading downwards. The price tested the level of 110.52. According to the 30M time – frame, I found the rejection of intraday support cluster at the price of 110.57. I aslo found a hidden bullish divergence on the moving average oscillator, which is a sign that selling looks risky. My […]

Recently, the EUR/USD has been trading upwards. The price tested the level of 1.2296. According to the 30M time – frame, I found rejection from the pivot resistance 1 at the price of 1.2265, which his sign that buying looks risky. I also found an overbought stochastic, which is another sign of weakness. My advice […]

We’re halfway through this week’s first trading day, so let’s see how things are shaping up for the market players. Euro/Dollar has been on a rise, stopping just pips below the 1 23 level as midday approached. The pair sees more than double the monthly average funds and neutral sentiment of the market players is […]

Here are the latest developments in global markets: Forex: Euro/dollar challenged the 1.23 key level, rising to fresh three-year highs during the early European session as investors were increasingly confident that the ECB would trim its balance sheet, while easing political uncertainties in Germany provided further support to the common currency. The dollar index extended its downtrend towards 90.44 (-0.56%), approaching […]

Morning Report: 07.00 London This morning, the US dollar index remains under pressure following Friday’s session which saw counter pressure from the Euro and Pound. The euro surged on hope of a breakthrough in German coalition talks. In addition, US retail sales dropped more than expected. The EUR/USD is now up 1.81% on the month, […]

Make sure your broker is staying honest by watching the Spike Controller brought to you by the Dukascopy TV Team. Euro/Dollar’s long term average and maximum spreads are point 35 and 1.7 pips respectively. The pair has built on gains above the 1 20 level, appreciating by point 67% or 82 pips. Spreads have been […]

UK inflation figures for the month of December will be made public on Tuesday at 0930 GMT. Annual inflation is expected to grow by 3.0%, easing a bit from the near six-year high of 3.1% recorded in November, which given that it was by more than 1% above the Bank of England’s target for inflation […]

Overview: On the four-hour chart, the GBP/USD pair bullish trend is formed from the support levels of 1.3755 and 1.3705. 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), […]

The US wants to control the private BITCOIN wallets of its citizens.The US Treasury Secretary, Steven Mnuchin, last Friday made a number of statements regarding the international use of digital currencies at the Washington DC Economic Club meeting. The secretary expressed concern that Bitcoin’s wallets could potentially become a modern equivalent of an anonymous Swiss […]

Overview: The EUR/USD pair broke resistance which turned into strong support at the level of 1.2204 last week. Moreover, it should be noted that the weekly support is seen at 1.2058. The level of 1.2058 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The Relative Strength […]

The US dollar is losing ground, not convincing anyone with strong economic data. EUR/USD remains strong above 1.22. The stock market is dominated by the greenback. GOLD broke over 1,340 USD / oz. In addition, it is expected to be a quiet start to the week as the US celebrates Martin Luther King’s Day. On […]

USDJPY touched a 4-month low during today’s European session, challenging the 110.51 price level. The bearish picture is supported by the momentum indicators, while prices are in process to end the day below the 110.80 barrier. In addition, the pair recorded the fifth consecutive red day. In the daily timeframe, the MACD oscillator is strengthening […]

Trading plan 01/15/2018 The picture: The dollar retreated on all fronts. The trading session closes last week with an openly bullish on the Euro. If talking about the goal, the monthly trade is seen to be at 1.2500 – 1.2660 this month and expect strong bull candles for the month and week. There could be […]

Last week, global stocks continued their surge led by American companies. On Friday, the DOW gained 228 points to end the week at a record $25,803 level. The climb by stocks was attributed to positive results from American banks, Wells Fargo and JP Morgan which beat analyst estimates on revenues and earnings. However, the banks […]

Here are the latest developments in global markets: Forex: The US currency was on its fourth straight day of declines, with the dollar index falling to its lowest in two years as other majors were boosted on hopes of policy normalization on behalf of their respective central banks. The Chinese currency recorded a two-year high […]

These are the Main Daily Trading Signals for Monday. Here’s how the technicals compares with the interbank at 8 AM GMT. Euro/Dollar sees a mix of green and neutral models on its hourly chart. The mid and long-term scales turn green with 6 and 4 models, respectively, and they are in line with the more […]

EURUSD hit a new 3-year high above 1.2200 and is holding above this level after breaching 1.2100 last week. The pair surged to 1.2239 for the first time since December 2014, after extending a rally that started off the low 1.1900 handle. On the daily chart, trend and momentum technical indicators are bullish, keeping risk […]

Breaking forecast 01/15/2018 EURUSD: The way up. The closing of last week clearly indicates the continued growth of EURUSD – in terms of Technical Analysis. Break above the level of 1.2090, closed the day much higher, an exit from the two-month consolidation. The only argument against growth is reaching the line of DeMark (TD – […]

The Dollar index as expected made new lows below 91. The price trend has remained bearish showing no sign of strength or upside reversal. The price got rejected at all major resistance levels giving more strength to the downside momentum. There are some warning signs for Dollar bears but no reversal sign. Blue lines – […]

It’s a new trading week, and the Dukascopy TV team is back with the Support and Resistance Level Report for Monday. Euro/Dollar is off to a bullish start of the week, as it has R1 of 1 2270 and S1 of 1 2150. All three resistance lines have found exactly one match each and, among […]

Today is Martin Luther King’s Birthday, which is a Bank Holiday in the United States. As a result, the Economic Calendar is relatively light today. US Federal Reserve Bank of Boston President Rosengren spoke from San Diego. He made comments about Fed policy and how the policy framework should be updated. He said that further […]

Last week, the Pound continued its upward trend against the dollar settling at the 1.3746 level. It is currently trading at the same level it was on June 2016. The question among traders is whether the current bullish run will continue. This week will be a decisive one and could determine the short-term movement for […]

Our first downside target which we predicted in the previous analysis has been hit. The pair is still under pressure below its declining 20-period and 50-period moving averages, which play resistance roles and maintain the downside bias. The relative strength index is mixed with a bearish bias. The U.S. dollar weakened further as the currency […]

The GOLD price is making new highs. The trend is clearly bullish. Gold has broken out of a consolidation range of $1.326-$1.305 and is testing the long-term resistance at $1,350. Orange rectangle – consolidation range Red line – short-term trend line support The consolidation range is now important support for the Gold price. As long […]

All our downside targets which we predicted in the previous analysis have been hit. The pair remains on the downside, capped by its declining trend line. The process of lower highs and lows remains intact, which should confirm a negative outlook. In addition, the relative strength index is below its neutrality area at 50 and […]