Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.

Let’s see which news releases could move the currency markets on Tuesday, the 9th of January. This is the Economic Calendar. Swiss December Unemployment Rate is up first at quarter to 7 AM, although, strictly speaking, there’s little unemployment to speak of as the rate inched down to no more than 3% in November. Two […]

Here are the latest developments in global markets: Forex: Encouraging data out of the Eurozone including on retail sales and economic sentiment did little for the Euro which pared a small part of earlier losses in the wake of the figures. Euro/dollar continued to trade weaker, slightly below the 1.20 handle (-0.32%) as traders engaged in profit-taking. This compares […]

The GOLD price is about to start a correction lower at least towards $1,290. Trend in the very short-term is turning bearish as price has showed topping and reversal signs. The bearish divergence we mentioned last week is starting to push price lower. Blue lines – bearish divergence signs The Gold price has short-term support […]

It’s a new trading week and time for us to see how traders have managed to work out the rate shifts during the morning session. Euro/Dollar has been trending lower and a loss of point 42% has been posted. Turnover is high and most of the traders have been forecasting the pair to head higher. […]

Overview: The GBP/USD pair set above strong support at the level of 1.3505, which coincides with the 61.8% Fibonacci retracement level. This support has been rejected for four times confirming uptrend veracity. Hence, major support is seen at the level of 1.3505 because the trend is still showing strength above it. Accordingly, the pair is […]

The world of commodity trading. Series continues by looking at containers, Richard Watts, Managing Director, HR Maritime. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#222188 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer […]

The world of commodity trading. Series continues by looking at containers, Richard Watts, Managing Director, HR Maritime. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#222188 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer […]

USDCAD plummeted almost 1% in the previous two trading days and this weakness has taken the price to a fresh three-month low of 1.2354. The pair has seen a strong sell-off since the aggressive bearish run started on December 19. In the daily timeframe, significant obstacles have been broken, such as the consolidation area of 1.2590 – 1.2915, the 38.2% and 50.0% Fibonacci […]

Overview: The EUR/USD pair has dropped sharply from the level of 1.2088 towards 1.2000. Now, the price is set at 1.2012 to act as a daily pivot point. It should be noted that volatility is very high for that the EUR/USD pair is still moving between 1.2030 and 1.1952 in coming hours. Furthermore, the price […]

Trading has resumed this week, so let’s see what the benchmark interbank spread levels have been for the 3 non-cross majors. Euro/Dollar’s long term average and maximum spreads are point 33 and 1.2 pips respectively. A decline of point 58% or 70 pips have brought the pair once again South of the 1 20 level. […]

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

Wave summary: As we feared the lack of upside acceleration, was a sign of exhaustion. The break below minor support at 1.6805 confirmed that the correction from 1.7479 still has room to the downside to cover, whit the next target being 1.6571. A decline to here, could complete the correction in wave (ii), but a […]

GOLD is starting to see immediate pressure to the downside after struggling to hold gains above the key 1320 level. The commodity weakened following the peak just below 1326 and then turned lower to stabilize around 1316. Looking at the 4-hour chart, the immediate focus is near the 1306 level, which has provided support recently. […]

Here are the latest developments in global markets: Forex: The US dollar index traded 0.2% higher during the Asian trading session Monday, recovering the losses it posted on Friday following the slightly softer-than-anticipated US employment report. STOCKS: In Asia, Hong Kong’s Hang Seng was up 0.2% while China’s CSI 300 was 0.5% higher. Meanwhile, Japanese equity markets […]

Wave summary: We remain positive on EUR/JPY as long as support at 134.73 stays intact. Above this pivot-point EUR/JPY should be able to climb higher towards the ideal target near 137.37 to complete wave (D) and set the stage for the final decline within the huge triangle consolidation, that has been building since July 2008. […]

You’re watching the Main Daily Trading Signals for Monday. Here’s how our in-house model tests out. Euro/Dollar is overwhelmingly bearish on its short and mid-term charts, while the daily outlook turns green with 4 models, and it is supported by the more than 20% long interbank. All three time ranges bring different results for the […]

EURUSD remains steady in the near term after stalling a rally just under the key 1.2100 level. The overall outlook remains bullish as the 50-day and 200-day moving averages are bullishly aligned. Upside momentum has started to fade as prices struggle to rise past the 1.2091 peak that was hit in September 2017. The resistance […]

Good Monday morning, the Dukascopy TV team is here with this week’s first Support and Resistance Level Report. We start with traders’ favourite pair, the Euro/Dollar, which has R1 of 1 2040 and S1 of 1 20. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band, a 2 year high and 4 […]

When the European market opens, some Economic Data will be released such as Retail Sales m/m, Sentix Investor Confidence, and German Factory Orders m/m. The US will release the Economic Data too, such as Consumer Credit m/m, so, amid the reports, EUR/USD will move in a … volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout […]

Morning Report: 07.00 London This morning, the Australian dollar is under pressure after a government reporting predicting a 20% fall in iron ore prices. The AUD/USD is off this morning, as is the AUD/JPY which is reversing Friday’s gains. The NZD/USD as a more positive bias however. The US dollar index is on the rise […]

Canadian Jobs reports came in strongly for the second month in a row, far exceeding expectations and leading to strong moves in CAD crosses. Unemployment is at a low of 5.7% and focus is shifting today towards the Bank of Canada Business Outlook Survey at 15:30 GMT. Traders will look for any indicators that could […]

In Asia, today Japan will not release any Economic Data, but the US will release the Consumer Credit m/m data. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.75. Resistance. 2: 113.52. Resistance. 1: 113.30. Support. 1: 113.03. Support. 2: […]

EUR/USD: The EUR/USD went essentially sideways last week – in the context of an uptrend. A breakout is expected this week, which is supposed to be in favor of bulls, for the outlook on EUR pairs is bullish for this month. Therefore, the price may be able to gain about 150 pips, as it goes […]

The price has formed a bearish bat formation and also sees strong resistance at 0.7879 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we expect to see a strong reaction off this level to push the price down to at least 0.7732 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major […]