The price has started to form a nice bullish configuration. We look to buy above major support at 1.3120 (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.3236 resistance (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance). Stochastic (34,3,1) is bouncing above 3% support and has good upside potential. Buy above 1.3120. […]
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The price has now formed an even stronger bullish reversal signal with our bullish divergence. We remain bullish looking to buy on dips above 0.7628 major support (Fibonacci extension, horizontal swing low support, Long-term Fibonacci retracement, bullish divergence) for a push up to at least 0.7730 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is […]
Brent accused of corruption
The growth of geopolitical tensions in the Middle East has become a catalyst for the rise of Oil prices to its highest in 2.5 years. From the level of June lows, Brent added about 40% against the backdrop of information about mass sweeps in Saudi Arabia and the ballistic missile from Yemen that reached Riyadh. […]
Special Report – Trump tax plan likely to be dollar positive but hurdles remain before passage
The House Republicans will be meeting this week to revise the Trump administration’s tax plans announced last week as aspects of the bill is facing significant opposition by some Republicans. The bill also falls short of the Senate’s budget rules, suggesting that President Trump’s hopes for the passage of the tax reform legislation by Christmas […]
Forex Market Review (European Session) – Dollar holds strong despite Fitch raising debt ratio forecasts; euro dips further
Expectations that the Fed will proceed with a rate hike in December and an encouraging report on JOLTS job openings pushed the dollar higher during European trading hours, although Fitch raised its US medium-term debt-to-GDP forecasts. On the other hand, the Euro was unable to find support on better-than-expected retail sales figures and despite the news that some key ECB officials […]
BITCOIN has been quite corrective and bearish recently which has led the price to fall back towards $7,000 support area. The trend has been non-volatile and most of the fundamental news has been in favor of Bitcoin which has supported the price to gain further. The pullback towards $7,000 support area has been a widely […]
The pair has started the week with a consolidation above the support zone of 1.3037. Here it could gather momentum in order to extend the recovery towards the 200 SMA on H1 chart. However, we expecting the support zone of 1.3037 to give up to allow a leg lower to test the 1.2880 level. MACD […]
Fish Flash Money
A robot that cleans your fish tank, Papparzzi proof clothes and app to make money on surely this can’t be real? You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#225153 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie […]
You’re watching the Dukascopy Movers and Shakers, where you can find out how the 8 major currencies line up at 3 PM GMT. Kiwi Dollar has been on a slide against the Buck and the pair has lost point 48% to post the day’s top move. Greenback leads the advancers and decliners table as President […]
Forex News – Preview – RBNZ unlikely to reflect a shift in policy; potential dovish interpretation for dual mandate
The Reserve Bank of Zealand will today complete its meeting on monetary policy with the interest rate decision and monetary policy statement due at 2000 GMT. New Zealand’s central bank is not expected to deliver a significant shift in monetary policy, maintaining its official cash rate at the record low of 1.75%. Today’s meeting will […]
All our targets which we predicted in yesterday’s analysis have been hit. USD/JPY is still expected to trade with a bullish outlook. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index is supported by a rising trend line. To […]
It`s time for the Dukascopy Midday Snapshot where we`ll see how traders have managed to work out the rate movements during the morning session on this Tuesday. Euro/Dollar has declined by a total of 62 pips to trade point 36% in the red at noon. Turnover is average and neutral sentiment of the traders is […]
The Australian Dollar found temporary support in the RBA announcement that no major changes in inflation and growth forecasts were made. Especially the latter was reassuring in the face of recent disappointing CPI data. But the bank maintained optimism about growth with signs of slowing consumption (a drop in retail sales of 0.6% since August) […]
Oil rises to $57, hitting the highest level since July 2015. The rally in oil prices is partly driven by recent reports from the OPEC as the geopolitics continues to boost price surges. As an outgrowth of an anti-corruption campaign, Saudi Arabia’s powerful crown prince led a massive purge over the weekend, removing around a […]
The BITCOIN (BTC) has been trading sideways at the price of $7.183. As hedge funds rush to enter the cryptocurrency space, the landscape for retail cryptocurrency investors is fundamentally changing before our very eyes. Marcel Chuo from news.Bitcoin.com sits down with Guy Zyskind, CEO of Enigma to discuss how his team is helping hedge funds […]
This is the Economic Calendar for Wednesday, the 8th of November. Let’s see which news releases could be of interest to currency traders. Canadian Building Permits for September are up first at 1:30 PM GMT. The number of permits has been decreasing for the past two months. Reserve Bank of New Zealand will release its […]
Recently, GOLD has been trading sideways at the price of $1,276.00. According to the 15M time – frame, I found a supply trendline, which is holding. It also indicates that sellers are in control today. There is also a breakout of the pivot level of $1,276.95, which is another sign that there is weakness in […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3177. Anyway, according to the 15M time – frame, I found a broken upward channel and potential double top formation, which is a sign that buying looks risky. There is also a hidden bearish divergence on the MACD oscillator, which is […]
Overview: The NZD/USD pair is still trading around the area of 0.6818 and 0.6968. Last week, the NZD/USD pair rebounded from the level of 0.6818 in the long term. It should be noted that the support is established at the level of 0.6818 which represents the daily support 1t on the H4 chart. The NZD/USD […]
Overview: The USD/CHF pair broke the resistance at the price of 0.9998 which acts as support since last week.The pair has already formed major support at 0.9942. The strong support is seen at the level of 0.9898. And the minor support is seen at 0.9998 now. On the H1 chart, the RSI and the moving […]
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Back at the end of October, US Crude Oil inventories hurt WTI oil once again as it came in higher than expected at 0.9 million barrels as opposed to the -2.6million barrels. The fact of the matter is the oversupply that has been hurting WTI and Brent Oil since the end of June 2014. […]
Technical Analysis: 07/11/2017 – GBPJPY bullish in short term but weakened in medium term
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Keep your broker in check on this Tuesday by watching the Dukascopy Spike Controller. Euro/Dollar’s long term average spread is point 26 pips and peak separation has been point 9 pips. The pair has slipped during the recent hours, declining by a total of point 43% or 50 pips. Despite the busy data run, spreads […]
Forex News: 07/11/2017 – Dollar pressured by falling yields; aussie slips after RBA
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…