BITCOIN seems to be like the victim in a 1980’s slasher movie. It keeps running towards the exit to [generic horror movie location: camp, house, neighborhood] screaming the entire way only to be bifurcated via chainsaw and/or machete right before salvation. OK maybe that was a metaphor was a little labored, but just this year […]

Hello, you`re watching the Dukascopy Spike Controller for Monday, 27th of November. Euro/Dollar’s long term average spread is point 34 pips and peak separation has been point 7 pips. Trend has changed for this pair and the biggest move is a rise of point 38% or 45 pips. Spreads were slightly elevated yesterday at 11 […]

Shortly after having organized a free Forex and CFD trading seminar in Hungary, XM hosted yet another educational event in the Hungarian capital, Budapest, this autumn, presented by forex instructor Attila Szoboszlai. The XM company representatives, together with Attila Szoboszlai, welcomed event guests at Larus Event Center, Budapest, where Hungarian-speaking traders had the opportunity to […]

Hello, you`re watching the Dukascopy Spike Controller for Monday, 27th of November. Euro/Dollar’s long term average spread is point 34 pips and peak separation has been point 7 pips. Trend has changed for this pair and the biggest move is a rise of point 38% or 45 pips. Spreads were slightly elevated yesterday at 11 […]

USD/JPY is expected to trade with a bearish outlook. The pair has continued to grind lower after marking a low of 111.04 last Thursday (November 23). Currently, as shown on a 30-minute chart, it is supported by the ascending 20-period moving average, which stays below the 50-period one. Meanwhile, the relative strength index sink below […]

Our first targets which we predicted in the previous analysis has been hit. The pair remains under pressure below the key resistance at 0.9825, which should limit any upward attempts. Both the 20-period and 50-period moving averages are turning down, and should continue to push the prices lower. Last but not least, the relative strength […]

NZD/USD is expected to trade with a bearish bias below 0.6880. The pair failed to break above its key resistance at 0.6880 and is now turning down. A bearish cross has been identified between the 20-period and 50-period moving averages, which should confirm a negative outlook. Last but not least, the relative strength index has […]

On 23rd November the much-awaited financial exhibition, ITForum 2017, took place in Milan, Italy, where XM was present as one of the major exhibitors. Each year, ITForum opens its doors to the biggest market leaders in the financial and banking industry, as well as to a great number of event visitors who would like to […]

GBP/JPY is expected to trade with a bearish bias below 148.90. The pair is heading downward now, backed by its declining 20-period and 50-period moving averages. The process of higher highs and lows remains intact, which should confirm a bearish view. In addition, the relative strength index is below its neutrality area at 50. To […]

The Dollar index has reached our short-term target area and the 61.8% Fibonacci retracement at 92.50. I expect a reversal from current levels to the upside. However we have still not seen any reversal sign. Green rectangle – support area (broken) Red rectangle – target area (reached) The Dollar index has finally reached our short-term […]

GOLD price is in a short-term bullish trend as price is above the 4-hour Ichimoku cloud and is making higher highs and higher lows. Price is steadily moving higher but on very slow pace. The form of the price rise has an overlapping price structure which suggests that this upward move is not impulsive. Blue […]

GOLD is firmer in the short-term and prices are currently pivoting around the key 1290 level. On the 4-hour chart, the market turned more bullish after the crossover of the 50 and 200-period moving averages. RSI has risen above 50 which keeps the near-term bullish momentum intact. The strong upleg above the 200-MA on November […]

Asian markets had a poor start to the week as sentiment was dampened by sliding stocks in China and South Korea and uncertainty ahead of the Senate vote on the Republican’s tax plan later this week. Investors were also cautious ahead of a busy data week for the major economies. The Yen was the biggest […]

Trading Plan 11/27- 12/01/2017 The general picture: BITCOIN broke through the ceiling, the Euro rose and there is news this week. The focus of investors, of course, was on bitcoin. In the weekend, bitcoin rose by 20%, an unbelievable rally . Ruthlessly shortstopped – well, and rightly so, to climb on selling on such a […]

Breaking forecast 11.27.2017 The Euro is ready to continue its growth, but a rollback is highly probable. German Chancellor Merkel with an iron hand extinguished the political crisis: The main opposition- the SPD party- is ready to support the Merkel government. The issue of new elections is at least postponed for a long time. In […]

Morning Report: 07.00 London The Euro hit a two month high Friday and is nudging back slightly this morning. This comes amid confidence that Angela Merkel will rescue a coalition deal that will ensure her continuation in power. The EUR/JPY has sipped back though as the Yen generally gains traction. The yen pairs are on […]

You’re watching the Main Daily Trading Signals for Monday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar’s hourly chart is divided between green and neutral signals, whereas the mid and long-term scales turn bullish with 6 and 4 studies, respectively, and they are in line with the more than 17% […]

It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. Euro/Dollar went up on Friday, and it now has R1 of 1 1940 and S1 of 1 19. Price Channel Indicator Upper Line is among the 5 models for R1, and R3 is a 2 year […]

Wave summary: Our preferred count remains that the rally from 1.7157 is corrective and soon should tune lower again. We continue to expect that the former top at 1.7408 will cap the upside for a break below minor support at 1.7276 confirming renewed downside pressure towards 1.7136 and below here confirms a deeper corrective decline […]

Wave summary: The corrective rally from 131.14 has extended beyond the expected target at 132.47. This larger corrective rally does not change our preferred view that more downside pressure remains expected in wave (E). That said, the requirement for this count to remain the top count is, that resistance at 133.89 continues to cap the […]

The political instability in Germany improved over the weekend, as the leader of Bavaria’s conservative party endorsed an alliance with Germany’s Social Democratic Party (SPD). With voter pressure and the need to avoid new elections, the SPD has agreed to talk with Chancellor Angela Merkel, which raises the prospect of a new “Grand Coalition” German […]

EURUSD is outperforming after a strong rally on Friday that took the pair to a 2-month high of 1.1943. Bullish technical indicators provide room for further upside. The 50 and 200-day moving averages are positively aligned and the RSI is supporting upside momentum. The market is expected to push higher towards the 1.2091 peak – a level […]

NZD/USD is expected to trade with bearish bias below 0.6880. The pair failed to break above its key resistance at 0.6880 and is now turning down. A bearish cross has been identified between the 20-period and 50-period moving averages, which should confirm a negative outlook. Last but not least, the relative strength index has broken […]

When the European market opens, there is no Economic Data will be released but the US will release the Economic Data, too, such as New Home Sales, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1973. Strong Resistance:1.1966. Original Resistance: 1.1954. […]

In Asia, Japan will release the SPPI y/y data, and the US will release some Economic Data, such as New Home Sales. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.95. Resistance. 2: 111.73. Resistance. 1: 111.51. Support. 1: 111.25. […]