The index stays alive in the bullish bias held since last week above the 200 SMA at H1 chart. The nearest resistance is placed at the 95.14 level, where a break should expose the 95.85 level across the board. Currently, price action doesn’t suggest further weakness in USDX, but a decline to test the 200 […]

The pair has started the week with a consolidation above the support zone of 1.3037, at which could gather momentum in order to extend the recovery towards the 200 SMA at H1 chart. However, we’re expecting that support zone of 1.3037 gives up to allow a leg lower to test the 1.2880 level. MACD indicator […]

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During the European trading hours, the Pound outperformed its peers as investors stood optimistic about Brexit developments, while the Euro failed to find support on robust economic data out of the eurozone. With Brexit negotiations expected to resume on Thursday, the pound was on track to post gains for the second consecutive trading day supported mainly by […]

The BITCOIN has been quite corrective and bearish after breaking above the $7,000 price level. The gain after the break above the $7,000 level was quite corrective and volatile which was quite as expected as the price has moved impulsively in a non-volatile manner recently which lead to certain retracement. As of the recent opening […]

EUR/USD has been quite bearish in nature after the break and retest off the 1.1660. USD has been quite positive with the economic reports recently which helped the currency to gain some momentum against EUR. Recently US Non-Farm Payroll report was published with better than previous figure of 261k from the previous figure of 18k […]

Investing can be a challenging endeavor. It’s not even people’s fault that have this perception, as many educational systems completely ignore finance even on the personal level. Some lucky few had the privilege of learning about the value of saving and investing from home. Of those few, even fewer had parents that were portfolio managers […]

You’re watching the Dukascopy FX Movers and Shakers for this week’s opening trading day, the 6th of November. Euro/Sterling is the mover of the day with a decline of point 45%. The pair started moving lower after 6 AM in the morning. Most of the currencies are trading in a relatively narrow range and UK […]

The UK economy’s resilience to the Brexit vote did not continue into 2017 as largely upbeat economic releases following last year’s vote did not manage to maintain momentum with economic activity eventually slowing down. Meanwhile, June 2016’s vote shock led to sterling depreciating versus other currencies, pushing inflation higher. Inflation is growing at a faster […]

The BITCOIN (BTC) has been trading sideways at the price of $7,343. After shutting down the country’s bitcoin exchanges, the Chinese government is monitoring the booming cryptocurrency over-the-counter (OTC) market. A recent government report shows that 680 million yuan, approximately $103 million, were traded in the last two weeks of October on the top three […]

RBA expected to leave rates unchanged, however cold be downbeat on the economy gave recent poor run of data. RBNZ to keep policy stable, changes could occur given new New Zealand government. Key technical levels to be aware of for EURUSD, USDJPY, NZDUSD You can view this video and the full video archive on the […]

The NFP payrolls headlight number was expected at the level of 312k, but the number revealed was at the level of 261k. Nevertheless, this result was far better than 18k a month ago. A report from the US labor market illustrating the condition of this economic sphere in October remained under the enormous influence of […]

Market participants expect the RBA to hold the interest rate unchanged at the level of 1.50%, but in previous years November has been a very popular month for changing rates. Rates have not been adjusted in November since 2011. However, in the six years from 2006 to 2011, there was a rate move at every […]

Overview: The EUR/USD pair continues to move downwards from the level of 1.1608. The pair dropped from this level of 1.1608 which coincides with the first resistance to the current point around 1.1587. Today, the first resistance level is seen at 1.1608 followed by 1.1638, while daily support 1 is seen at 1.1577. According to […]

Overview: The GBP/USD pair is still trading upwards from the zone of 1.3017. The first support level is currently seen at 1.3017. The price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.3017, which coincides with the 61.8% Fibonacci retracement level. This […]

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1588. According to the 15M time-frame, I found that price is trading below the pivot level (1.1633), which is a sign that sellers are in control. I also found bearish breakout of intraday trading range, which is another sign of weakness. […]

USD/JPY is expected to trade with bullish outlook. Despite the recent pullback, the pair is still trading above the key support at 113.60, which should limit the downside potential. The relative strength index advocates for a further upside. Hence, as long as 113.60 is not broken, look for a new rebound with targets at 114.70 […]

USD/CHF is expected to trade with bullish outlook. Although the pair posted a pullback from 1.0025 (the high of November 3), a support base at 0.9975 has been formed and has allowed for a temporary stabilization. The relative strength index is mixed with bullish bias. The US Labor Department reported that the economy added 261,000 […]

GBP/JPY is expected to trade with bullish bias above 149.10. Although the pair posted a pullback from 148.70, a support base at 149.10 has been formed and has allowed for a temporary stabilization. The relative strength index is mixed with bullish bias. To conclude, as long as 149.10 holds on the downside, a further upside […]

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3127. Anyway, according to the 15M time-frame, I found successful rejection from the pivot resistance 1 at the price of 1.3125, which is a sign that buying looks risky. I also found a hidden bearish divergence on the stochastic oscillator, which […]

NZD/USD is under pressure and expected to continue the downside movement. The technical outlook for the pair is bearish as the prices broke below the rising trend line since November 1. The 20-period moving average crossed below the 50-period one. The relative strength index is below its neutrality level at 50. To conclude, as long […]

Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick advance towards the next price zones around 0.7150-0.7230 (key zone) and 0.7310-0.7380 which was temporarily breached to the upside. Recent bearish pullback was […]

Silver dipped below 17.00 on Friday after a short phase of consolidation and is currently trying to pare its losses on the 4-hour chart. The bias is neutral as the RSI and the MACD are laying in their neutral zones, while the metal itself has rebounded inside the Ichimoku cloud. Should the metal head up, resistance could be […]

Hello, traders, let’s see which news releases could move the currency markets on Tuesday, the 7th of November. Starting things off at 7 o’clock in the morning is the German Industrial Production for September. Output rebounded strongly in August, reversing two months of decline. Swiss National Bank Foreign Currency Reserves for October follow at 8. […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]