USDJPY has been moving sideways since March, in a broad range between 108 to 114. In the near term, the pair has firmed up after breaking above the 50-day moving average yesterday. If there is continued upside momentum, then additional gains are likely, with scope to target the top of the range. However, the level […]

The price is reversing nicely below our major resistance level at 0.7698 (Fibonacci retracement, horizontal swing high resistance) and we remain bearish below this level for a push down to at least 0.7537 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing a nice drop from our 97% resistance level and has good downside […]

EUR/USD: The bullish signal on the EUR/USD has become stronger. The EMA 11 has gone above the EMA 56, and the Williams’ % Range period 20 remains in the overbought region, indicating a strong bullish momentum in the market. A further northward journey is a clear possibility. USD/CHF: This currency trading instrument has been consolidating […]

GOLD returned to the lower border of the trading range of $ 1265-1300 per ounce. This is where it has which stayed since September amid mixed dynamics of the USD index and the rates of the US debt market. Both the House of Representatives and the Senate expressed their approval of the tax reform but […]

The market is deciding whether the US economy is able to create conditions for three rate increases in 2018. In fact, this is the main reason for caution with which the bulls are on the dollar, which could not gather the strength to go on the offensive. By the end of 2017, the recovery of […]

BITCOIN (BTC) has been trading downwards. The price tested the level of $15.618. The South Korean cryptocurrency exchange affiliated with Kakao Talk has recently become the center of regulatory controversy. Upbit is the only major exchange in Korea that has not joined the other exchanges in support of self-regulation. Their agreement with Bittrex raises the […]

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3413. Anyway, according to the 30M time – frrame, I found a successful rejection of pivot resistance 1 at the price of 1.3415, which is a sign that buying looks risky. I also found a hidden bearish divergence divergence on the […]

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Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1858. According to the 15M time – frrame, I found a fake breakout of yesterday’s high at the price of 1.1848, which is sign that buying looks risky. I also found a hidden bearish divergence on the moving average oscillator, which […]

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 […]

Overview: The USD/CHF pair didn’t make any significant movements yesterday. There are no changes in our technical outlook. The bias remains bearish in the nearest term testing 1.0037 or higher. The price is still trading around the spot of 0.6948 and 0.7026. The NZD/USD pair will continue to rise from the level of 0.6948. The […]

Overview: The trend of NZD/USD pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 0.6927 and 0.7034. Also, the daily resistance and support are seen at the levels of 0.6927 and 0.6872 […]

US Senate approved the tax-cut legislation, sending the S&P 500 to an all time high, so let’s see how this reflects on the FX markets. Australia/Yen posted most of the gains after 7 AM and the pair stands point 42% in the green, which is the day’s top move. Australian Dollar trades on top of […]

GOLD PRICES rose against a falling US Dollar on Wednesday morning, touching 2-week highs at $1266 per ounce despite an overnight jump in longer-term US interest rates after lawmakers in Washington voted to approve President Trump’s tax plan.   Adjusted for market-based inflation forecasts, 10-year US interest rates typically move opposite to the direction of […]

All our upside targets which we predicted in yesterday’s analysis have been hit. Despise of recent pullback, the pair is still trading above its rising 50-period moving average. The relative strength index is mixed with a bullish bias. The downside potential shoulder is limited by the key support at 150.85. Hence, as long as this […]

CHFJPY has been trading within a descending triangle, which is a continuation pattern, since June 2017. In a daily timeframe, the price posted the third consecutive green day. The pair tested several times the upper band of the triangle so a daily close above the descending triangle and the 115.10 strong barrier could drive the price towards […]

Under an ultra-easy monetary policy which aims to hold the 10-year bond yields around zero percent, the Japanese economy has indeed shown signs of recovery in several sectors this year. However, with inflation sharply undershooting the BOJ’s target, policymakers are less likely to change their monetary policy stance at the end of their two-day meeting on Thursday. Still, the […]

AUD/USD has been impulsively bullish recently after bouncing off the 0.75 support area. Despite the recent USD Federal Funds Rate hike, AUD was unstoppable with its gains which is proceeding optimistically towards 0.7750-0.7800 resistance area. AUD has been quite positive with the recent economic reports and events including Monetary Policy Meeting Minutes. The employment change […]

2017 has been an interesting year for the countries in the Middle East. Indirectly, the year started with the presidential win of Donald Trump in the United States. Trump campaigned on an America First policy and his anti-Muslim rhetoric rocked the region. Many, including most of American allies in the region were unsure how their […]

BITCOIN (BTC) prices opened with a positive gap this week, breaking yet another fresh all time-high to touch the $19,666 level, before pulling back in the following hours. The surge came as the world’s biggest futures exchange, the Chicago Mercantile Exchange (CME), launched its own bitcoin futures contracts on Sunday. The CME is the second […]

ETHUSD recorded a negative day following the reversal from the all-time high 859.19 level. The price plunged more than 12% in just one trading day and during the Asian session, the pair hit the 706.00 support barrier. Also, the price dropped below the 261.8% Fibonacci extension level of the last downward move with high at 514.07 and low […]

There was a false breakout yesterday in the USD/CAD pair. Price broke above 1.2910 but sharply reversed back below 1.2870. This is not a bullish sign. At least for the short term. Red line – long-term resistance The USD/CAD pair is trading above the 4-hour Kumo (cloud). Trend is bullish as long as price is […]

Things get pretty busy before the holiday season, so let’s take a closer look with the Economic Calendar. Swiss November Trade Balance for November is up first at 7 AM. Trade surplus narrowed in October as exports dropped and imports went up. UK Public Sector Net Borrowing for November follows at half past 9, and […]

12 hours of trading have gone by on this Wednesday, meaning it`s time for the Dukascopy Midday Snapshot. Euro/Dollar shows limited rate movement range of 29 pips, but the pair has attracted an average amount of funds. Neutral sentiment of the traders is 2% short. The narrow price movement range suggests no significant moves in […]