Morning Report: 07.00 London This morning, the Pound remains strong after reports emerge of Brexit deal upwards of 50 million euros. The pound rallied yesterday against the Euro, forcing the EUR/GBP lower yesterday and this morning. The pound is now at his highest level since the start of October. The euro fell yesterday by contrast, […]

Earlier today, North Korea launched an ICBM that flew higher and further than any previous test firing. The missile was launched from just north of Pyongyang, reaching a height of nearly 3 kilometers and landed 600 miles east, in the Sea of Japan. This latest test firing, 2-months on from the last, is a direct […]

Good morning, traders, the Dukascopy TV team brings you another Support and Resistance Level Report. Euro/Dollar has seen a decline, which leaves it below R1 of 1 1870 and above S1 of 1 1830. The lower two resistance lines have found 2 matches each, including Bollinger Upper Band for R2, whereas R3 is a psychological […]

Good morning, traders, the Dukascopy TV team brings you another Support and Resistance Level Report. Euro/Dollar has seen a decline, which leaves it below R1 of 1 1870 and above S1 of 1 1830. The lower two resistance lines have found 2 matches each, including Bollinger Upper Band for R2, whereas R3 is a psychological […]

Good morning, traders, the Dukascopy TV team brings you another Support and Resistance Level Report. Euro/Dollar has seen a decline, which leaves it below R1 of 1 1870 and above S1 of 1 1830. The lower two resistance lines have found 2 matches each, including Bollinger Upper Band for R2, whereas R3 is a psychological […]

Good morning, traders, the Dukascopy TV team brings you another Support and Resistance Level Report. Euro/Dollar has seen a decline, which leaves it below R1 of 1 1870 and above S1 of 1 1830. The lower two resistance lines have found 2 matches each, including Bollinger Upper Band for R2, whereas R3 is a psychological […]

Oils traders have been watching OPEC and OPEC+ meetings closely – even though their attempt to stifle Oil production had been derailed, both by some of its own members and by the U.S. ramping up their own production to offset the slowing of production. Their intent was to slow production to diminish global Crude reserves […]

AUDUSD continues its downward trajectory and is hovering at its lowest levels in more than 5 months. The outlook has turned increasingly bearish after the market broke below the 200-day moving average. The recent bounce off 0.7531 (November 21 low) was capped at the 61.8% Fibonacci retracement level (0.7630) of the 0.7328 – 0.8124 rise. […]

When the European market opens, some Economic Data will be released, such as Italian 10-y Bond Auction, Spanish Flash CPI y/y, French Prelim GDP q/q, French Consumer Spending m/m, and German Prelim CPI m/m. The US will release the Economic Data, too, such as Beige Book, Crude Oil Inventories, Pending Home Sales m/m, Prelim GDP […]

In Asia, Japan will release the Retail Sales y/y data, and the US will release some Economic Data, such as Beige Book, Crude Oil Inventories, Pending Home Sales m/m, Prelim GDP Price Index q/q, and Prelim GDP q/q. So, there is a probability the USD/JPY will move with a low to medium volatility during this […]

In Asia, Japan will release the Retail Sales y/y data, and the US will release some Economic Data, such as Beige Book, Crude Oil Inventories, Pending Home Sales m/m, Prelim GDP Price Index q/q, and Prelim GDP q/q. So, there is a probability the USD/JPY will move with a low to medium volatility during this […]

EUR/USD: After testing the resistance line at 1.1950, the EUR/USD has gone down by 110. There is still a Bullish Confirmation Pattern in the market (and there cannot be an overthrow of the bias until the support line at 1.1750 is breached to the downside). In case price turns upwards again from here, that would […]

He who rises high falls painfully. Oil is now at risk of plunging into a wave of sales after achieving more than two-year highs if the OPEC meeting does not give the market what it expects of it. Goldman Sachs warns that given the current prices, positions in the futures market and the existing spread […]

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GDP estimates and data on personal consumption expenditures (PCE) are two keenly awaited releases this week in the United States as the December FOMC meeting approaches when a rate hike is widely anticipated. However, the data will likely get overshadowed by the Senate debate on the Republican tax plan, where a vote could come as […]

The day’s main release pertained to US consumer confidence figures released late in the session. Those came in at a multi-year high, creating a positive backdrop for the greenback for the remainder of the day. Beyond this, new Fed chief Jerome Powell appearing before US senators, US tax reform deliberations and developments that could affect […]

USD/JPY is expected to trade with a bullish outlook. The pair swiftly slid to the upside. Currently, it keeps trading on the upside while proceeding toward the immediate resistance at 111.70 . The 20-period moving average has just crossed above the 50-period one. And the relative strength index is trading above the neutrality area, indicating […]

GOLD PRICES held in a tight $5 per ounce range on Tuesday morning in London as major government bond prices rose, nudging interest rates lower, ahead of key US data and central-bank testimony.   Holding within 0.4% of what would be a 6-week high at $1300 per ounce, Dollar gold prices extended their longest run […]

Recently, the USD/JPY has been trading sideways at the price of 111.30. According to the 30M time – frame, I found that price is testing an upward trendline (resistance), which is a sign that buying looks risky.Also, I found a hidden bearish divergence on the stochastic oscillator, which is another sign of weakness. My advice […]

Overview: On the four-hour chart, the NZD/USD pair bullish trend from the support levels of 0.6830 and 0.6880. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support […]

Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.

USD/JPY has been quite bearish recently after bouncing off the 114.50 resistance area and is currently residing at support area of 110.80 to 111.70. Currently the price is quite indecisive inside the range showing no directional bias. Recently, JPY gained over USD despite a worse economic report of SPPI published with the value at 0.8% […]

EUR/USD has been impulsively bullish recently after bouncing off from 1.1700 price area which led the price to climb higher above 1.1850 resistance area. Currently, the price is showing some bearish pressure in the bullish trend which is expected to push the price lower in the coming days. Due to the dovish rhetoric in the […]

BITCOIN very impulsive with the gains breaking above $9,000 and residing above the $9,600 price area. Price has been more impulsive than expected and $10,000 price area can be hit anytime sooner. Bitcoin has been quite volatile recently after the Bitcoin wallet hack but with some correction it has moved quite higher without any certain […]

Overview: Last week, the USD/CHF pair fell from the level of 0.9870 towards 0.9800. Today, the pivot point of the USD/CHF pair is seen at the price of 0.9831. It should be noted that the currently price is seen at the daily pivot. Volatility is very high for that the USD/CHF pair is still moving […]