EUR/USD: This pair moved sideways from Monday to Thursday and then went further downwards on Friday, while the dominant bias remains bearish. This week, the support lines at 1.1600 (which has almost been tested), 1.1550 and 1.1500 may be tested owing to a strong bearish bias on EUR pairs for the week. USD/CHF: This currency […]

With the growing tension between Iran and the United States, the first one plans to incorporate the BITCOIN into its payment system. After the speech of Donald Trump who called the deal with Iran the worst transaction in history, Iran and the United States have no best relations. Iran still suffers from international sanctions that […]

The week starts with a slightly stronger US dollar, especially against the Yen as USD/JPY hit 114.70 and the New Zealand Dollar hit 0.6900 level. Raw material prices continue to dominate the commodity markets. WTI close to $56, and there is a huge increase in natural Gas prices and a sharp increase in Copper prices. […]

The dollar index marginally broke below the bullish channel last week but price held above the 4 hour Ichimoku cloud support. The trend remains bullish targeting towards 95.50. Blue lines – bullish channel The dollar index is trading above the Kumo (cloud). The trend remains bullish. Support is at 94.75-94.50 and the next one is […]

GOLD price remains in a bearish trend. Price has broken again below the 4 hour Ichimoku cloud as it could not stay above $1,280 last week. Price got rejected at the important short-term resistance and that is why we closed near the lows. Black line -RSI support Gold price is trading below the 4 hour […]

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

Equities in Asia were giving a mixed picture today with most major Indices finishing the day not much changed. In Japan, the Nikkei 225 closed marginally higher and the Topix lost 0.1%. Hong Kong’s Hang Seng was little changed and the Shanghai Composite added 0.5%. Australia’s S&P/ASX 200 slid 0.1%. Dollar/Yen today touched a near […]

Watch out for any spread manipulations on this week`s opening trading day by watching the Dukascopy Spike Controller. Euro/Dollar’s long term average and maximum spreads are point 32 and point 8 pips respectively. Start of the week has been relatively calm, the biggest move is a decline of point 31% or 36 pips. Spreads have […]

Last week was an extremely active macroeconomically – the BoE increased its interest rate for the first time in a decade, the NFP came in significantly under expectations and the EU saw a drop of its GDP from the previous period and came in under expectations 2.3%.   Monday – 6/11 Today Governor Kuroda has […]

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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

GOLD is neutral after stabilizing from a recent drop, but risk is tilted to the downside in the short term. On the 4-hour chart, oscillators are neutral to bearish. The market appears to have found near-term support in the lower 1265 area, just above the October 6 low of 1260.59. Any moves to the upside would target […]

The dollar managed to hit an 8-month high against the Yen on Monday in Asia after the BOJ Governor Haruhiko Kuroda signaled a continuation of the current ultra-easy monetary policy, while persistent confidence on the US economy supported the pair as well. Oil recorded a substantial increase, rising to a two-year high amid tightening markets and as anti-corruption measures […]

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. Euro/Dollar sees a mix of green and neutral models on its hourly chart. The mid-term turns red with 5 studies, and the long-term is split between red and neutral technicals but, in contrast, the interbank […]

USDCHF has been in an upward path after reaching a 26-month low of 0.9419 on September 8. The pair has reached and has been trading around the parity level (1.00) in recent days. The Tenkan-sen line being above the Kijun-sen line is a positive alignment pointing to bullish momentum in the short-term. The RSI adds […]

Wave summary: We are looking for more downside pressure in wave ii closer to support at 1.6545 before the next impulsive rally in wave iii should be expected. Short-term resistance at 1.6914 is likely to cap the upside for expected decline lower. A break below minor support at 1.6831 will confirm renewed downside pressure. R3: […]

Wave summary: Our preferred count shows that wave (D) completed with the test of 134.45 and wave (E) now is developing for a final decline to 123.43 from where a strong impulsive rally is expected. Short-term resistance at 133.15 should continue to cap the upside for a break below 132.29 for a continuation towards 128.36 […]

Technical outlook: The 4H chart of EUR/USD is presented for a clear wave count from recent swing highs at 1.2092 levels. As labelled here, 2 wave counts are coming out quite prominent: either a potential leading diagonal is in the making or an A-B-C corrective drop is underway. In both cases, the common point is […]

When the European market opens, some economic data will be released such as Eurogroup Meetings, PPI m/m, and Sentix Investor Confidence, as well as German Final Services PMI, French Final Services PMI, Italian Services PMI, Spanish Services PMI, German Factory Orders m/m. The US will also unveil some reports such as Loan Officer Survey. So, […]

In Asia, Japan will release the monetary policy meeting minutes and the US will also unveil some reports such as the Loan Officer Survey. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. 3: 115.12. Resistance. 2: 114.90. Resistance. 1: 114.67. Support. […]

Morning Report: 07.00 London This morning, the US dollar is maintaining its strong position despite Friday’s mixed set of employment figures. US Average earnings and non farm employment changed dropped more than expected. Meanwhile, the unemployment rate dropped to 4.1%, with ISM non-manufacturing PMI rising more than expected. Overall, these were disappointing numbers, yet the […]

Good morning traders, the Dukascopy TV team is here with this week’s first Support and Resistance Level Report. Euro/Dollar is currently trading in the range limited by R1 of 1 1620 and S1 of 1 1590. The lowest resistance line sees 10 confirmations, and R2 counts a 100 day moving average among its 4 models. […]

Data released on Friday showed US job growth accelerated in October after hurricane-related disruptions in the prior month, but a sharp retreat in average earnings and an increase in the number of people leaving the workforce caused concern on the robustness of the labor market. Nonfarm payrolls increased by 261K in October as 106K leisure […]

EURUSD maintains its bearish outlook after the breakdown of the key level at 1.1660. The chart pattern on the daily time frame indicates a head and shoulders pattern with a break below the neckline giving a bearish signal. Resistance at 1.1660 is expected to hold in the near term, as EURUSD continues to trade in […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -Dollar index gains at Sterling’s expense. -ZAR, KRW & AUD are the week’s other movers. -The Saudis clamp down on dissent via arrests. – EZ PMI & PPI data, plus Janet Yellen on tap. -What’s (not) up with EZ inflation? The overnight changes and price moves to be aware of by […]

Eurozone In the absence of significant macroeconomic news, the Euro continues to be under pressure. Investors are reacting to the indistinct results of the ECB meeting a week ago with the selling of the euro, as the prospects for a return to normal macroeconomic policies remain unclear, and especially the negative is beginning to materialize […]