GOLD rose to a new one-month high after extending a rally that started from the 1240 area on December 12. The bullish bias is strong in the short term but in the bigger picture, the precious metal remains in a range, essentially between key psychological levels of 1200 and 1300. Risk is clearly tilted to […]

Today, the economic calendar lacks macroeconomic data from both Japan & the US. So there is a probability the USD/JPY pair will move with low volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance 3: 113.38. Resistance 2: 113.16. Resistance 1: 112.93. Support 1: 112.66. Support 2: 112.44. Support 3: 112.22. Disclaimer: Trading Forex (foreign exchange) […]

Burning Forecast 28/12/2017 EURUSD: Buy from the kickbacks. The Euro exchange rate showed new signals for growth: reach the top level of a daily order of 1.1900, closing the day higher. Keep buying from 1.1815 and lock in profits at inputs from 1.1900. Buy from the rollback from 1.1900. Important: New Year is approaching – […]

NZD/USD has broken above the 0.7050 resistance area recently which led to creating a new higher high in the process. NZD has been quite strong with the gains recently amid temporary weakness in USD due to recent downbeat economic reports and conditions. Today, US Unemployment Claims report was published with an unchanged figure of 245k […]

BITCOIN has been impulsively bearish recently and currently residing below the $14,000 price area. The price did recover well from the drastic fall towards $11,100 price area but could not sustain the gains and currently heading towards the same price level again. The volatility in the Bitcoin is currently quite extreme which created a false […]

Overview: The NZD/USD pair continues to move upwards from the level of 0.7032. Yesterday, the pair rose from the level of 0.7032 to a top around 0.7090. Today, the first resistance level is seen at 0.7100 followed by 0.7160, while daily support 1 is seen at 0.7032 (78.6% Fibonacci retracement). According to the previous events, […]

Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick bullish advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside. Recent bearish pullback was executed […]

Overview: The USD/CHF pair continues to move downwards from the level of 0.9884. Yesterday, the pair dropped from the level of 0.9884 to the bottom around 0.9800. But the pair could not rebound from the bottom of 0.9800; because it is still moving around the spot of 0.9800. Today, the first support level is seen […]

EUR/CAD has been very volatile recently which lead to impulsive bullish and bearish pressure back to back within a short-period of time and range. The price is currently residing above the channel and horizontal support area of 1.50 whereas a break below this level with a daily close is expected to lead to series of […]

Markets will begin to get back to normal in the first week of 2018 following the Christmas and New Year breaks. PMI surveys will dominate the economic calendar, but traders will likely be most looking forward to the US nonfarm payrolls report to inject much needed life into the lacklustre US dollar. The coming week […]

EUR/GBP has been trading inside the corrective range of 0.8750 to 0.9030 for a while now. Both currencies in the pair has been quite indecisive with mixed economic reports recently that have led to further correction and consolidation in this pair. Today, the ECB Economic Bulletin was published that did not encourage further EUR gains […]

The controversial hard fork BITCOIN – SegWit2x – according to the official website of the project will be introduced on December 28th. The SegWit2x project, which caused months of debate and conflicts within the Bitcoin community, is to be carried out on block 501451. The project’s founder, Jaap Terlouw, stated on his site that fork […]

It’s 3 PM GMT on this Thursday and time for the Dukascopy FX Movers and Shakers report. Dollar/Swissie’s decline has lasted during most of the day and the pair is point 73% in the red, which is the day’s top move. Swiss Franc is on top of the advancers and decliners table and it’s point […]

USDCAD is shifting to a bearish bias as it breaks out of a 2-month range after finding a strong resistance area formed by the upper bound of the range and the 200-day moving average as well as the 50% Fibonacci of the downleg from 1.3793 to 1.2061. RSI is falling sharply, indicating downside momentum is […]

Just before the start of the London session, the EUR/USD rate breaks through the level of 1.1930. The New Zealand dollar (0.5%) and the Japanese Yen (0.5%) are fighting for the name of the strongest gaining counterparts, which pushes the USD / JPY to the level of 112.80. At the far end, there is a […]

Our first downside target which we predicted in yesterday’s analysis has been hit. The pair is under pressure below the key resistance at 113.40. The relative strength index is below its neutrality level at 50 and lacks upward momentum. To conclude, as long as 113.40 isn’t surpassed, look for a further drop to 112.40. A […]

Hello, traders, there still are a couple of news releases just before the New Year, and they are worth a closer look. Euro Zone Money Supply for November is out at 9 AM. The annual growth of the M3 monetary aggregate slowed down in October from 5.2% a month ago. And finishing off the year […]

Find out how trading has been shaping up for the currency traders during the morning session on this Thursday by watching the Dukascopy Midday Snapshot. Euro/Dollar has climbed higher by a total of 50 pips to trade point 31% in the green at midday. Turnover is average and neutral sentiment of the traders is 6% […]

In order to soar to the sky, you need to drop the ballast. While most Forex currencies behave quietly and peacefully at the end of the year, XAU/USD quotes jumped to a monthly high with a quick pace that GOLD previously showed back in August. However, by the end of the week on December 19, […]

Here are the latest developments in global markets: Forex: The US currency remained broadly weaker versus other major currencies in thin trading ahead of New Year celebrations. Commodity currencies maintained their positive momentum as Oil and other metals remained on the rise. STOCKS: Major European blue-chip Indices were not much changed around midday. The pan-European […]

Wave summary: EUR/NZD likely bottomed with the test of 1.6800 and we are now looking for a break above minor resistance at 1.6876 and more importantly a break above resistance at 1.6927 to confirm wave ii has completed and wave iii is developing for a rally towards 1.7777. At no point can a break below […]

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This is the Dukascopy Spike Controller report for Thursday, 28th of December. Point 32 pips is the long term average spread for the Euro/Dollar. Daily max is 2.3 pips. Euro has moved towards the 1 20 level against the Buck as the pair gained point 56% or 67 pips. Spreads were slightly bumpy yesterday at […]

USDCAD extended its losses as the Canadian dollar posted a bullish rally. The pair is falling for the sixth straight trading day and has plummeted more than 2% since December 20. Additionally, the price recorded a new 2-month low at 1.2604 during the European session and slipped beneath the narrow range with an upper boundary at […]

Wave summary: EUR/JPY has seen a new high above 134.88 and more upside will remain expected as long as support at 134.17 is able to support EUR/JPY. The break above resistance seen at 134.50 calls for a possible move higher to 137.37 to complete wave (D) and set the stage for a final decline in […]