AUDUSD is trying to snap the four-monthly losing period as it is posting a positive December, surging more than 2.6% so far. The pair almost tested the ascending trend line, which is holding since last year, at the beginning of the month and is recouping some of its previous month’s losses. In addition, the price […]

NZDUSD has been in a long-term uptrend but has also recorded significant downward corrections. The price rose more than 58% from January 2001 until August 2011 and hit its highest level through these years at the 0.8840 resistance barrier. From the technical point of view, on a monthly basis, the stochastic oscillator is ready for […]

USDCAD has been developing within a rounding bottom pattern since 2009 until the end of 2015. Rounding bottom is a reversal pattern and as the previous trend was a downtrend, the expectation is for a rising movement on a long-term basis. During January 2016, the pair recorded a fresh 13-year high at 1.4690 and then […]

AUD/JPY has been very non-volatile with the bullish gains since it bounced off the 84.00 support area and breached above the 85.70 level. AUD has been quite positive with its gains all over the market since it published positive Employment Change report in the recent week which did help the currency to gain sustainable momentum […]

The price has broken a key level of resistance opening a strong bullish move. We look to buy above 0.7733 support (Fibonacci retracement, horizontal overlap support) for a strong push up to at least 0.7881 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (34) sees an ascending support line hold bullish momentum up. Buy above 0.7733. […]

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. There’s a sea of green across the table for the Euro/Dollar, which sees 7 buy prompts in the short-term and no less than 8 bullish signals in both the mid and long-term, and the technicals […]

Here are the latest developments in global markets: Forex: The dollar’s index against a basket of currencies headed lower, touching its lowest in nearly a month, as the greenback was hurt by falling long-term Treasury yields. STOCKS: The Japanese Nikkei 225 lost 0.6% and Hong Kong’s Hang Seng was up by 0.7%. Euro Stoxx 50 […]

AUDUSD is in a bullish phase in the short term after a strong rally off the key 0.7500 area was extended up to a 2-month high. The recent rebound in AUDUSD has room to extend towards 0.7900 since prices crossed above the 200-day moving average and RSI is rising. However, the stochastic is overbought, which […]

The price is approaching major resistance at 113.76 (76.4% Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and we expect a strong reaction off this level to push the price down to at least 112.13 support (Fibonacci retracement, multiple horizontal swing low support). Stochastic (55,3,1) is dropping nicely from our 97% resistance with good downside potential. […]

You’re watching another edition of Dukascopy Support and Resistance Level Report. Here’s how our in-house model tests out. Euro/Dollar is on the rise and now stands between R1 of 1 1940 and S1 of 1 1910. R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other models, while R3 […]

The USD is weaker against all the majors today, continuing the pressure from yesterday. End of year liquidity is light and many of the themes from earlier in the month are reversing. The dollar is currently at session lows with the NZDUSD seeing some of the biggest gains, up 0.47% to 0.70910. Swiss UBS Consumption […]

On 7, 8 and 9 January 2018, XM will be participating a the Money Show Financial Exhibition in Athens, Greece. We are starting the year 2018 with several events of great significance in the world of finance, the first of which will be our presence at the prestigious event series organized in the Greek capital, […]

Eurozone The ECB will begin 2018 in a desperate struggle for the current level of the Euro, as the need to complete a super-soft monetary policy becomes apparent. The eurozone’s GDP is growing steadily, the labor market has a positive dynamic, the trade balance is confidently adept. Inflation remains below the target, but negative dynamics […]

When the European market opens, some Economic Data will be released such as Italian 10-y Bond Auction and ECB Economic Bulletin. The US will release the Economic Data too, such as Crude Oil Inventories, Natural Gas Storage, Chicago PMI, Prelim Wholesale Inventories m/m, Goods Trade Balance, and Unemployment Claims, so, amid the reports, EUR/USD will […]

In Asia, Japan will release the BOJ Core CPI y/y, Retail Sales y/y, Prelim Industrial Production m/m, and BOJ Summary of Opinions data, and the US will release some Economic Data such as Crude Oil Inventories, Natural Gas Storage, Chicago PMI, Prelim Wholesale Inventories m/m, Goods Trade Balance, and Unemployment Claims. So, there is a […]

The US dollar ends the year with a decline. Despite the fact that the Fed is pursuing the most aggressive policies among all major central banks, investors are slow to buy the dollar. To put it in another way, the prerequisites for reorienting financial flows have not yet been created. If you focus on the […]

Overview The USDJPY pair leaned on the EMA50 and begins to rebound bullishly from there, noticing that stochastic provides positive signals on the four hours’ time frame, waiting to motivate the price to resume the bullish trend. Therefore, we will continue to suggest the bullish trend in the upcoming sessions, and the main target is […]

Overview The GBPJPY pair was forced to provide sideways trading recently due to the contradiction of the major indicators, as stochastic fluctuates below 50 level, while the moving average 55 settles below the current price. Consolidation within the bullish channel besides the stability of the initial support at 150.00 allows us to continue suggesting the […]

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Overview GOLD price resumes its positive trading to move away from 1,281.17 level, which supports the continuation of our bullish trend expectations efficiently in the upcoming sessions. The way is open to visit 1,299.20 level that represents our next main target. Continuation of the expected rise depends on holding above 1,272.00 and 1,263.15 levels. The […]

Overview Silver price shows positive trades now to start the attempts to breach 16.56 level, which urges caution from the upcoming trading. Holding above this level will push the price to achieve more gains and head towards 17.43 as a next main station, while trading below it will reactivate the negative scenario that its next […]

Post-Christmas trading conditions on the financial markets are calm. In the absence of the “human factor” at Christmas, however, there was a temporary, available drop in the EUR/USD rate, which was reflected in related pairs. Traders can treat the behavior of trading algorithms as a clue for the re-evaluation of the Euro. At the beginning […]

BITCOIN (BTC) has been trading upwards. The price tested the level of $16,445 . A massive influx of new clients begging you to take their money is the best kind of problem any business could dream of having. Nevertheless, bitcoin exchanges are now having to cope with such a situation by finding ways to reduce […]

Recently, the USD/JPY pair has been trading downwards. The price tested the level of 113.12. Anyway, according to the 30M time – frame, I found a broken pennant formation in the background, which is a sign that selling looks risky. My advice is to watch for potential buying opportunities. I have placed Fibonacci expansion to […]

Shares of iPhone-maker Apple Inc. fell by 2.5% during Tuesday’s trading, finishing at their lowest in two weeks and acting as a drag on the DOW Jones Industrial Average, S&P 500 and the NASDAQ Composite. The sell-off was spurred by investors’ worries on whether iPhone X sales will live up to the pre-release hype. Numerous […]