AUDCHF has had a strong bullish run since last Wednesday and printed four green daily sessions in a row. The price surged more than 1.7% after the pullback to the 0.7530 support level and during the European period hit an almost two-month high at 0.7693. The strong up-move happened after a break of the 0.7605 critical level, which coincides […]

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1899. Anyway, according to the 30M time – frame, I found that strong reistance at the price of 1.1900 is on the test, which is a sign that buying looks risky. I also found a hidden bearish divergence on the stochastic […]

Currency markets show relatively light trading on this mid-holiday Wednesday, so let’s see how the 8 majors line up so far. Ozzy Dollar has been on a rise against the Japanese Yen and the pair has appreciated by a total of point 56%, which is the day’s top move. Antipodes are having a generally bullish […]

EURUSD is well bid on the day and testing the key 1.1900 level, at the upper end of a multi-month range. Trend and momentum indicators are in bullish territory, although looking neutral in the near term, especially the MACD. The RSI is starting to turn higher. The 50 and 200-day moving averages are bullishly aligned. […]

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. […]

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 […]

NZD/USD is expected to trade with bullish bias above 0.7010. The pair remains supported by its rising trend line and is likely to post a new rebound. Besides, a strong support base at 0.7010 has formed and should limit any downward attempts. Last but not least, the relative strength index is above its neutrality area […]

Let’s see which news releases could move the currency markets on Thursday, the 28th of December. This is the Economic Calendar. European Central Bank will publish its latest Economic Bulletin at 9 AM, which provides some statistics behind the Bank’s monetary policy. Coming up next at 1:30 PM GMT is the closely watched weekly update […]

It’s time for the Dukascopy Midday Snapshot, where we take a look at how market participants have performed over the 12 hours to midday on Wednesday. Euro/Dollar has moved slowly higher and the pair stands point 3% in the green at noon. Traded volume is average and most of the traders have been forecasting the […]

Here are the latest developments in global markets: Forex: A strong rally in metal and Oil prices on Tuesday continued to support the Loonie, the aussie and the kiwi against the dollar during early European trading hours on Wednesday. The aussie and the kiwi hit fresh two-month highs at $0.7768 (+0.53%) and $0.7073 (0.50%) respectively, while dollar/loonie extended its […]

Wave summary: We are looking for a corrective low in wave ii soon. To confirm that wave ii has completed a break above minor resistance at 1.6927 is needed, which will call for a rally towards at least 1.7373 and possibly higher. The long-term target for this rally is seen near 1.7777. R3: 1.7064 R2: […]

Brent Crude Oil futures for February printed six positive daily closes and added more than 7% to its performance extending their gains to a 2-½-year high of 67.06. The upward tendency started after the retest of the ascending trend line, which has been holding since October. The next level to have in mind is the 161.8% Fibonacci extension […]

Wave summary: EUR/JPY has barely moved into a dull holiday Market. We continue to look for a final spike higher to 137.37 to complete wave (D) as long as minor support seen at 133.57 is able to protect the downside. From 137.37 or upon a direct break below 133.57 renewed downside pressure towards 131.14 is […]

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We are back with the Dukascopy Spike Controller for Wednesday after Christmas break, so you can assess the quality of your broker’s price feed. Euro/Dollar’s long term average spread is point 36 pips and peak separation has been 1.2 pips. The pair has moved slowly up, gaining point 37% or 44 pips to hit the […]

As we trade towards the final days of the year, the market is seeing lighter volume due to the shortened week. The Economic Calendar is light for the days ahead. However there are still data releases and traders are taking positions. US Oil Rig Counts from Baker Hughes was released on Friday evening. The headline […]

The US Commerce Department released GDP data on Thursday that showed economic activity grew lower than expected in Q3. Real GDP rose to 3.2% in the last quarter slightly lower than the previous reading of 3.3%. The Commerce Department commented that the downward revision to the pace of GDP growth primarily reflected slightly slower than […]

Here are the latest developments in global markets: Forex: The dollar index continued retreating, recording a three-week low. Meanwhile, commodity currencies, including the Loonie, aussie and the kiwi, were posting multi-week highs versus the greenback. STOCKS: The Nikkei 225 closed 0.1% higher. The Hang Seng was down by 0.1%, while the Shanghai Composite lost 0.9%. […]

USDJPY retains a short-term neutral stance on the daily chart, confirmed by the flat technical indicators. The RSI is neutral, while the 50 and 200-day moving averages are moving sideways. In the bigger picture, the pair has been trading in a range between 108 and 114 since March and is currently located in the upper […]

The next seven days look set to be extremely quiet due to the shortened Christmas holiday week, with many markets closed on Monday and Tuesday. Japan and the United States will be the only major countries releasing data, though Australian private lending figures on Friday could also attract some attention. Volumes are expected to be […]

Japan will see the release of November inflation figures on Monday at 2330 GMT. Core inflation, the measure targeted by the Bank of Japan, is expected to remain steady at 0.8% on an annual basis, well below the central bank’s target of 2.0%. Despite core CPI undershooting the BoJ’s target and being one of the […]

Silver has not had a clear tendency since June 2016 as the price has been trading in a broad descending triangle with the downtrend line starting from the $21.10 resistance level and forming a significant support barrier near $15.60. In the short term, prices have moved to the lower level of the triangle, though they have firmed up this week. The price has […]

EURGBP has been creating a bearish sloping channel since October after the peak at the 0.9030 resistance level. However, the pair is on track to post its second bullish week after the rebound from the five-month low at 0.8690. Looking at the 4-hour chart, in the short-term timeframe, the price is holding below the 0.8890 strong obstacle, while it is above the […]

Here are the latest developments in global markets: Forex: The Euro remained around Friday’s lows as investors were worried that tensions between Madrid and Catalonia would escalate after regional elections on Thursday gave a narrow majority to secessionists. The euro stood against the dollar at 1.1851 (-0.19%) while versus the Pound it slipped to 0.8856 (-0.05%) […]

GBPJPY maintains a neutral bias in the short and medium term, supported at the key 150 level. The cross maintains a bullish market structure in the short term, while trading above the 50 and 200- period moving averages on the 4-hour chart. GBPJPY made a strong recovery after a brief dip below 150 in mid-December […]