Good morning traders, let’s see where the Support and Resistance levels stand this Wednesday morning. Euro/Dollar has steadily been inching higher, and it now has R1 of 1 1830 and S1 of 1 1790. Standing at a 2 year high, R3 sees 6 confirmations, while R1 is a 20 day moving average with 3 studies. […]

GBP/USD has been in a non-volatile bearish trend recently and currently residing below the resistance level of 1.3220. There has been some tension growing about the Brexit process and Prime Minister May is going through tough times. Moreover, No-deal Eurozone talk is expected to hit the UK economy badly and lead to further weakness of […]

Wave summary: EUR/NZD is currently testing the “old” top at 1.6690, but it should just be a matter of time before a break above here is seen as a continuation higher to 1.6712 and 1.7038 as the next upside targets. Support is now seen at 1.6563, which should be able to protect the downside for […]

Morning Report: 07.00 London Most dollar pairs enjoyed strong gains, with the EUR/USD making a strong advance. This morning, dollar pairs are decidedly mixed, with the GBP/USD and AUD/USD making small losses, while the EUR/USD is unchanged. The Euro’s gains came as Catalonia stopped short of formally requesting independence, opting instead to take a middle […]

With fears abating surrounding the threat of Catalan independence, the EUR moved higher overnight. Catalan President Puigdemont stated that, although the October 1st referendum had given him the mandate to pursue independence, he would “suspend” the result for a period of a few weeks whilst he has discussions with Spain’s Prime Minister Rajoy’s administration. He […]

AUDUSD is up 0.8% after reversing on Friday from 3-months lows. The pair still looks bearish in the short term but downside momentum has paused just above the 50% Fibonacci retracement of the upleg from 0.7328 to 0.8124.  Strong support is expected at this level at 0.7724. Resistance levels appear at 0.7818 and 0.7935. Any gains above […]

Wave summary: The break above minor resistance at 132.77 indicates that wave B still is developing and likely will spike higher to 133.25 before tuning lower towards 130.52 and likely even closer to 128.85. A break below support at 132.64 will indicate that wave C lower towards at least 130.52 is developing. R3: 133.25 R2: […]

When the European market opens, there is no Economic Data will be released from the Euro Zone, but the US will release the Economic Data, such as FOMC Meeting Minutes, 10-y Bond Auction, and JOLTS Job Openings, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL […]

In Asia, Japan will release the Prelim Machine Tool Orders y/y, 30-y Bond Auction, and Core Machinery Orders m/m data, and the US will release some Economic Data, such as FOMC Meeting Minutes, 10-y Bond Auction, and JOLTS Job Openings. So, there is a probability the USD/JPY will move with low to medium volatility during […]

Forex Market Reviews: https://pepperstone.com/en/forex-news/market-review -Mexican Peso at 4 month low vs USD. -Dollar weakness elsewhere. -IMF upbeat on growth except for the UK. -Fed minutes & Spanish inflation data on tap. -Robots cost less than global workers. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New To […]

Overview: The NZD/USD didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bearish in the nearest term testing 0.7000 or higher. Immediate support is seen around 0.7087. The NZD/USD pair fell from the level of 0.7128 towards 0.7087. Now, the price is set at 0.7069 to act as […]

Overview: The USD/CHF pair broke resistance which turned to strong support at the level of 0.9708. The level of 0.9708 coincides with the ratio of 23.6% of Fibonacci, which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 30. The RSI is still signaling […]

Quotations of futures for the North Sea variety managed to push off from the three-week lows thanks to Saudi Arabia’s announcement of an unprecedented decline in exports. Riyadh is ready to reduce the supply of black GOLD in November to 7.2 million bpd, which is significantly lower than the demand for it which is at […]

The dollar tumbled to just a shade above the 93 key-level against a basket of major currencies in the wake of news that North Korean hackers had stolen military documents from the South Korean defence ministry in September 2016, including South Korean/US war plans which involved to some part the formation of a military unit […]

These are the Dukascopy Movers and Shakers, where you can find out what have been the FX market trends on this Tuesday. Moves aren’t particularly volatile and Euro/Dollar shows the biggest one, which is a gain of point 57%. German trade surplus jumped and Single currency takes the top spot on the table. Japanese Economy […]

At 1507 GMT, the pan-European Stoxx 600 index was trading 0.1% on the day but still not far away from the near 12-week high of 391.09 that was recorded last week. The blue-chip Euro Stoxx 50 was deeper in losses, being down by 0.4%. The Spanish IBEX 35 traded 1.2% lower as European markets were […]

Enjoy cold evenings at home with Samsung releasing their biggest gaming monitor yet, the Google Home accessory. You can even wake up feeling fresh with the newest Lumie Light! You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#222497 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 […]

The BITCOIN (BTC) has been trading upwards. The price tested the level of $4.855. The news around the world are positive for Bitcoin. The South Pacific island nation of Vanuatu has become host to the world’s first government to accept bitcoin in exchange for citizenship. Vanuatu’s citizenship program costs $200,000 USD, meaning that at current […]

Recently, the GOLD has been trading upwards. The price tested the level of $1.292.90. According to the 15M time – frame, I found a rising wedge in creation, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities if the price breaks the support of the pattern ($1,290.00). […]

Daily Outlook In February 2017, the depicted short-term downtrend was initiated around the depicted supply zone (0.7310-0.7380). However, 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. The price zone of 0.7150-0.7230 (Key-Zone) stood as a temporary resistance zone […]

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. […]

Overview The USD/JPY pair fluctuates around the EMA50 since yesterday, noticing that stochastic lost its positive momentum now, which might force the price to show more sideways trading until managing to get enough positive momentum to push the price to continue rising on the short-term basis. In general, we will continue to suggest the bullish […]

Overview The GOLD price kept its stability above 1281.17 level, to start today with bullish bias on its way to head towards our first target at 1299.20, as the price gets positive support by the EMA50, to keep the bullish trend suggested in the upcoming sessions. Note that breaching the targeted level will push the […]

Overview Silver price continues to rise to begin testing the resistance line that appears on the chart, and the price needs to surpass the EMA50 that forms negative pressure against the intraday trading to confirm the continuation of the bullish bias in the upcoming sessions. In general, we will continue to suggest the bullish trend […]

We are half-way through the trading day on this Tuesday and it’s time for the Midday Snapshot. Euro/Dollar has been trending higher and rise puts the pair point 47% in the green at noon. Turnover is average and sentiment of the traders is neutral, 9% short. Uptrend makes a successful start of the day more […]