Keep your broker on a short leash on this Wednesday by watching the Dukascopy Spike Controller. Spreads have been generally calm for the Euro/Dollar, peaking and averaging at point 26 and point 8 pips respectively over the past 24 hours. Rate movement has been bullish, the pair gained a total of point 49% or 57 […]

Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

EURJPY holds a neutral trend in the medium term as it has been trading within a range during the past 7-weeks. The market is currently trading at the lower end of this range with an intra-day bias that is tilted to the downside. A break below 131.50 would turn the focus to the downside to […]

In Asia, the Nikkei 225 lost 0.1%, remaining within breathing distance of the highest close since early 1992 that was recorded yesterday. The Topix, Japan’s broader index, added 0.2%, finishing the day at its highest since late 1991. Hong Kong’s Hang Seng hit an intra-day decade high before declining to finish the day 0.3% lower. […]

According to the New Zealand Financial Markets Authority, cryptocurrency and ICO projects are safe. The decision was discussed in detail in the new ICO and virtual currencies guidelines issued by this agency. In its statement published at the end of October 2017, the Financial Markets Authority maintained that each ICO digital currency and token would […]

The dollar opened weaker in Asia as traders were concerned about a potential delay in the implementation of a corporate tax cut, while they also turned cautious on US-North Korea political developments after Trump delivered a warning message to North Korea. The kiwi stood flat ahead of the RBNZ policy meeting starting later today. A report by the Washington […]

Excitement goes on sale in the first hours on Wednesday. USD initially lost, although in the last few minutes it regains vigor. The flat closure of Wall Street has given tone to the trade in Asia. Crude Oil falls slightly after weaker data on China’s imports. In general, markets remain in tight zones. EUR/USD trades […]

Wave summary: EUR/NZD is currently correcting the rally from 1.6298 and as long as minor resistance at 1.6790 and more importantly as long as resistance at 1.6890 is able to cap the upside, we continue to look for a little more downside pressure towards 1.6545 before completing this corrective decline and turning prices higher in […]

Wave summary: We need a break below important support at 131.60 to confirm that wave (D) completed with the test of 134.49 and wave (E) lower to 123.43 is developing. As long as the support at 131.60 is able to protect the downside, we need to allow for a sideways consolidation, that ideally will stay […]

Good morning, traders, let’s find out how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar’s hourly chart is split between green and neutral models, and the mid-term chart sees 5 neutral signals. The daily outlook is overwhelmingly bearish, but the interbank is neutral at less than 4% long, and it confirms the […]

Good morning, traders, the Dukascopy TV team is here with another Support and Resistance Level Report. Euro/Dollar has the closest levels of 1 1620 in resistance and 1 1590 in support. The lowest resistance line sees 16 confirmations, and R2 is a 100 day moving average with 3 models. A 50 day moving average is […]

Trading plan 08.11.2017 GBP: Getting ready to play out of the consolidation. The general picture: the strong data released last week could not start the trend movement – the main pairs are being hammered in the bands for two days – Euro, Pound, Yen are stuck, and the franc has stopped. The situation is complicated […]

USD/CHF is under pressure and expected to trade in a lower range. The pair is under pressure below the key resistance at 1.0015, which should limit the upside potential. The relative strength index is below its neutrality level at 50, calling for a drop. The U.S. dollar strengthened against other major currencies as investors are […]

EURUSD: We are waiting for an exit from the range and strong movement. There is a lull in the market: there is no important news (and there is nothing expected until the middle of next week), there is no strong bias towards buying or selling. As a result, European currencies are trading in narrow ranges. […]

Technical outlook: EUR/USD 4H chart has been presented here with the most probable wave count, to get the medium term outlook for the pair. Looking at the developments here, the pair seems to be either forming a leading diagonal pattern from the top at 1.2092 levels or a double zigzag (not labelled here as an […]

GBP/JPY is under pressure and expected to trade in a lower range. The pair is still below its horizontal resistance at 150.30, which should maintain the strong selling pressure on the prices. A falling trend line also acts as a resistance role, and should continue to push the prices lower. The relative strength index is […]

Sterling suffered downward pressure on Tuesday as the latest monthly report from the British Retail Consortium showed non-food sales slumping in October to the lowest levels in 5 years. Total sales crept up 0.2% from a year earlier, like-for-like sales slipped 1%, a reversal from the 1.9% rise in September. British consumers continue to experience […]

A lot of retail level traders use Technical Analysis as part of their trading strategies. Although that can be valuable data, market volatility – caused by economic calendar news – doesn’t necessarily care about head and shoulders or double top patterns. This is why if you are interested in trading you should definitely keep an […]

AUDUSD has shifted from bearish to neutral in the short-term as it continues to trade in a range since October 26 after breaking below the 200-day moving average. Risk is tilted to the downside as AUDUSD has retraced more than half of the upleg from 0.7328 to 0.8124. The pair is now trapped between the […]

NZD/USD is expected to trade with a bearish outlook as the key resistance is at 0.6925. Despite the recent rebound from 0.6890 (the low of November 7), the pair is capped by a declining 50-period moving average. The upward potential is likely to be limited by the resistance at 0.6950. To sum up, as long […]

EUR/USD: The EUR/USD is moving downwards gradually, while the overall bias on the market is bearish. Price is now below the resistance line at 1.1600, going towards the support line at 1.1550. There is a Bearish Confirmation Pattern in the 4-hour char and further downwards movement is a possibility. USD/CHF: The USD/CHF has not moved […]

When the European market opens, some Economic Data will be released, such as French Trade Balance. The US will release the Economic Data, too, such as 10-y Bond Auction and Crude Oil Inventories, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: […]

In Asia, Japan will release the Leading Indicators data, and the US will release some Economic Data, such as 10-y Bond Auction and Crude Oil Inventories. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 114.33. Resistance. 2: 114.11. Resistance. 1: 113.88. […]