Morning Report: 07.00 London This morning, the British Pound is continuing to out-perform, with the EUR/GBP dropping for the fourth day in a row. The GBP/JPY has rocketed over the last three days and the GBP/USD has hit its highest levels since October. The dollar pairs generally have had a positive start to the day, […]

This is the Support and Resistance Level Report for Thursday. Let’s see how our in-house model tests out. Euro/Dollar is trading in the range limited by R1 of 1 1880 and S1 of 1 1840. R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 3 other models, and the lowest […]

Data released on Wednesday showed that the US economy expanded at its quickest pace since 2014 in Q3. The US Commerce Department said that GDP grew at an annualized rate of 3.3% in the July to September period — the highest reading since Q3 2014. The release beat market forecasts of 3.2% growth and was […]

USDJPY maintains its medium-term trading range between 108 and 114.50 as a result of entering a consolidation phase after a rally to 118.66 in December 2016. The pair is now trading above the mid-point of the range. USDJPY has been closing above the key 111 in the past two months, making it a strong support […]

All our upside targets which we predicted in yesterday’s analysis have been hit. USD/JPY is expected to trade with a bullish outlook. the pair is breaching the 112.00 level on the upside while being supported by the ascending 20-period moving average. The relative strength index stays above the neutrality level of 50 showing a lack […]

USD/CHF is expected to trade with a bullish outlook. The pair remains bullish above its key support at 0.9820. The relative strength index lacks downward momentum. Therefore, even though a consolidation cannot be ruled out, its extent should be very limited. On the economic data front, the U.S. Commerce Department reported that GDP grew 3.3% […]

All our upside targets which we predicted in yesterday’s analysis have been hit. the pair is expected to continue its upside movement. The pair managed to break above its horizontal level at 149.90, which should confirm a bullish reversal. The 50-period moving average is turning up and should continue to push the prices higher. Besides, […]

All our downside targets which we predicted in yesterday’s analysis have been hit. NZD/USD is expected to trade with a bearish outlook. The pair is accelerating on the downside this morning. The technical indicator such as the relative strength index is bearish and is now within its “oversold” area (below 30). The 20-period and 50-period […]

When the European market opens, some Economic Data will be released, such as Unemployment Rate, Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, ECB Financial Stability Review, Italian Monthly Unemployment Rate, German Unemployment Change, French Prelim CPI m/m, and German Retail Sales m/m. The US will release the Economic Data, […]

In Asia, Japan will release the Housing Starts y/y and Prelim Industrial Production m/m data, and the US will release some Economic Data, such as Natural Gas Storage, Chicago PMI, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, and Unemployment Claims. So, there is a probability the USD/JPY will move with a […]

Weakness of the US dollar allowed GOLD, for the first time since mid-October, to touch the psychologically important mark of $1300 per ounce. The precious metal has grown by almost 13% since the beginning of the year, marking its best result since 2010. It is on track to end November in positive territory following two […]

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BITCOIN has been unstoppable recently having non-volatile impulsive trend breaking above the $10,000 and $11,000 price areas at the same day. The recent moves were very fast indeed, having exceeded the expectations and moving rapidly higher. The cryptocurrency broke the volatility rate record as well. Bitcoin has been breaking records since its inception despite the […]

Overview The GBP/JPY pair managed to test the key support yesterday by declining towards 147.35. Following this sharp move, the pair started forming strong bullish waves to settle around 149.00 level. This reinforces our bullish outlook. Please note that stochastic’s rally above 50 will confirm the domination of the expected bullish bias. Therefore, we will […]

Overview The USD/JPY pair resumed the upward bias and approached the key resistance of 111.90. Please note that the EMA50 continues to form the negative pressure in the intraday trading, while stochastic keeps moving in the overbought areas. Therefore, we believe that the chances are valid so that the pair can retreat and resume the […]

Overview GOLD price opens today’s trading with a slight bullish bias to approach the key resistance of 1,299.20. As we mentioned in our recent articles, the price needs to breach this level to confirm a further bullish wave towards our next positive target at 1,321.50. In general, we still suggest the bullish trend in the […]

Overview GOLD price opens today’s trading with a slight bullish bias to approach the key resistance of 1,299.20. As we mentioned in our recent articles, the price needs to breach this level to confirm a further bullish wave towards our next positive target at 1,321.50. In general, we still suggest the bullish trend in the […]

Chinese official manufacturing and services PMIs for the month of November are due on Thursday at 0100 GMT, while Caixin’s respective measure for the manufacturing sector is scheduled for release on Friday at 0145 GMT. According to analysts’ projections, the official manufacturing PMI will decline to 51.4 in November from October’s 51.6. Despite the ongoing […]

Overview Silver traded lower yesterday, moving below 17.00, while the main bullish trend is still suggested as long as the price remains stable above 16.56. Breaking this level will push the price down to the target of 15.49 before any new attempt to rise. Our first target is projected by breaching 17.43 to confirm that […]

Recently, the EUR/USD has been trading downwards. The price tested the level of 1.1816. Anyway, according to the 15M time – frame, I found a fake breakout of yesterday’s low at the price of 1.1827, which is a sign that selling looks risky. I also found a hidden bullish divergence on the RSI oscillator and […]

It’s 3 PM GMT on this Wednesday and time for the Dukascopy FX Movers and Shakers. Sterling/Australia has had a bullish run, which puts the pair point 89% in the green and that’s the day’s top move. UK moved closer to a financial Brexit deal with the EU, providing a boost for the Sterling, which […]

The US dollar and the British Pound remained the day’s biggest winners in European trading on Wednesday on increased hopes of big tax cuts in the United States and the UK and the EU edging closer to a deal on the Brexit divorce terms. Most majors came under pressure from the stronger greenback, including the […]

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3430. According to the 30M time – frame, I found testing of the previous day’s high at the price of 1.3387 that is a sign that selling looks risky. I also found oversold conditions on the stochastic oscillator, which is another […]

According to several recent forecasts, US economic growth in the fourth quarter is expected to hold at or near the solid 3.3% pace thats been reported in Q2 and Q3. If the anticipation is accurate, US GDP growth could post its strongest and longest run of quarterly increases in over a decade. This projection marks […]

The UK newspaper Telegraph revelations regarding the negotiators from the EU and the UK reached a preliminary agreement on the so-called “Brexit Divorce Bill”. According to the newspaper, the parties have agreed on the amount of the settlement that London must pay to Brussels – EUR 60 billion. Although the sum is closer to the […]