GOLD price is near short-term support of $1,280-82. Gold price should bounce from current levels and break above $1,303 in order to move towards $1,400 to get started. Otherwise, we are in danger of moving lower towards $1,277 where the 61.8% Fibonacci retracement is found. Gold price is at the upper Kumo (cloud) boundary and […]

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

Morning Report: 07.00 London This morning, the Pound is on the back foot after inflation data came in below expectations yesterday. CPI held firm but other metrics including RPI, HPI and PPI rose less than expected. The US dollar has continued to make gains, putting pressure on the dollar pairs, especially the EUR/USD which is […]

Good morning, traders, the Dukascopy TV team brings you another Support and Resistance Level Report. Euro/Dollar currently has the closest levels of 1 1790 in resistance and 1 1750 in support. Standing near a 20 day moving average, R1 has found 7 matches, and R2 is a 50 day moving average with 4 models. Bollinger […]

The likelihood of a rise in UK interest rates, for the first time in a decade, gained momentum on Tuesday as UK CPI edged up from 2.9% to 3.0% – its highest level since April 2012. Bank of England Governor Mark Carney did nothing to dispel a rate hike as he gave evidence to the […]

AUDUSD maintains a soft undertone and the neutral to bearish technical indicators are supporting the bearish view for the short term. The downward move from the 0.8124 peak is still in progress after the recent bounce off 0.7732 reversed back down as prices found resistance at the 50-day moving average. AUDUSD may be forming a […]

Overview: The USD/CHF didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 0.9836 or higher. Today, the USD/CHF pair is showing signs of strength following a breakout of the highest level of 0.9734. On the H1 chart. the level of 0.9734 coincides with […]

Overview: As expected, the trend is still trading around the zone of 0.7128-0.7150. It should be noted that the support is established at the level of 0.7128 which represents the 38.2% Fibonacci retracement level on the H1 chart. Also, it might notice that a weekly pivot point is seen at the price of 0.7128. Hence, […]

Wave summary: We are looking for wave b to move higher to at least 1.6475 and possibly even closer to resistance at 1.6529 before turning lower in wave c towards 1.6160 to complete wave ii. Short-term minor support is seen at 1.6410, which is expected to protect the downside for a continuation higher to 1.6475 […]

Wave summary: The decline in EUR/JPY has stalled at the 131.70 support, It should be a matter of time before this support is broken for a continuation lower towards 130.73 and possibly even lower. Short-term we expected minor resistance at 132.38 will continue to cap the upside for the break below 131.70. R3: 132.92 R2: […]

When the European market opens, some Economic Data will be released, such as German 30-y Bond Auction. The US will release the Economic Data, too, such as Beige Book, Crude Oil Inventories, Housing Starts, and Building Permits, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL […]

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as Beige Book, Crude Oil Inventories, Housing Starts, and Building Permits. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.75. Resistance. 2: […]

The price has continued to drop further as we look to buy above major support at 1.1747 (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.1878 resistance (Multiple Fibonacci retracements, horizontal overlap resistance, Fibonacci extension). Stochastic (89,5,3) is seeing major support above 1.1% where we are expecting a bounce from. Buy […]

The price is approaching major support a t0.7146 (Fibonacci retracement, horizontal overlap support) and we expect to see a strong bounce off that level to push the price to at least 0.7345 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 0.9% where we expect to see a corresponding bounce from. […]

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The index was under a buying interest across the board, pushing higher above the 200 SMA on the H1 chart. Currently, it is targeting the resistance level of 94.58, at which lies a key barrier for buyers. With a pullback below 93.35, we can expect a leg lower towards the psychological level of 93.00. The […]

The pair is resuming the bearish bias below the 200 SMA and looks to test the October 12th lows. If it manages to rebound around that area, we can expect another testing of the resistance level of 1.3309. However, odds are still on the bearish side and the next target is placed at the 1.3216 […]

Dukascopy Forex TV Team is back with Tuesday’s FX Movers and Shakers overview for 3 PM GMT. The Cable is the mover of the day and the pair stands point 63% in the red after moving sharply South only hours into the trading day. Stanford University economist John Taylor who is a candidate for Fed […]

Sterling took a tumble on Tuesday after Bank of England officials appeared more cautious than anticipated in supporting policy tightening even as UK inflation rose to a 5½-year high in September. The US dollar enjoyed a second day of solid gains as investors speculated that President Trump was considering appointing an inflation hawk as the […]

UK inflation in September rose to a 5 ½ -year high according to the Office for National Statistics, gaining one percentage point above the BOE’s 2% target and igniting speculation that a rate hike could emerge in the BOE’s November meeting. However, the Pound could not sustain the uptick triggered by the data, giving away its gains, after the […]

With the open of US markets at 1330 GMT, the Stoxx 600 was trading marginally higher. The pan-European index fluctuated within a relatively narrow range during today’s trading, having reached a fresh near four-month high of 392.42 earlier in the day. The FTSE 100 reversed morning losses to trade in the green after comments by […]

Markets can be punished for conceit. For a long time, investors ignored geopolitical risks and were confident that the North Sea grade of Oil would be quoted within the range of $40-60 per barrel for long term. The is because the prices increased above the resistance level that will probably increase production in the U.S., […]

This IT is all about cars, so all petrol or electric heads… watch this to find out more. Plenty of Tech involved also… You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#222910 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 […]

Wednesday brings the latest UK Labour data; let’s take a closer look with the economic calendar. But first, European Central Bank President Mario Draghi will be delivering the opening remarks at the ECB conference in Frankfurt. President Draghi is scheduled to speak at 8:10 AM and, as always, it’s worth keeping a close eye on […]