It’s noon GMT on this week’s first trading day and time for the Dukascopy Midday Snapshot. Euro/Dollar has had a slow day – high and low difference is just 28 pips and traded volume is low. Neutral sentiment of the traders is 5% short. Rate has walked in a narrow range and the pair sees […]

Trading plan 09 – 10/13/2017 This week has unproductive news. Monday is the US Columbus Day. The important point of the week is Friday which is the released of inflation data in the US. On Wednesday is the publication of Fed “minutes” but the policy of the Fed is very open and the probability of […]

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Trading has resumed this week so stay with us to find out what the average and maximum spread levels have been for the 3 non-cross majors. Start of the week has been calm for the Euro/Dollar and it reflects in spread levels – long term average is point 33 pips and peak is point 8 […]

Morning Report: 07.00 London This morning, the British Pound is recovering after it emerged that the ONS released a data error which underplayed wage growth inflation. Coupled with this, Theresa May appears to have staved off a leadership challenge for now. The GBP/USD is trading higher again, while the EUR/GBP has slipped lower. It was […]

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 […]

On Friday, the US Department of Labour released Nonfarm Payrolls for September. The meagre forecast of 88K was beaten with an even worse release of -33K, showing the US lost 33K jobs from the previous release. This is the first negative NFP since September 2010, as the recent Hurricanes impacted jobs in the leisure and […]

Global macro overview for 09/10/2017: The NFP-Payroll data surprised global investors. The highlight number was worse than expected, (30k vs. 80k0, but that were the only data that did not beat the expectations and can easily be attributed to statistical disturbances related to the effects of hurricanes.The fact that the Unemployment Rate unexpectedly fell by […]

BITCOIN analysis for 09/10/2017: According to the Wall Street Journal, an international cryptocurrency may soon be launched. This might be an answer to recent comments by Christine Lagarde, chief of the IMF, to encourage banks and governments to become interested in Bitcoin and other cryptocurrencies. Following a recent announcement by the Dubai government of its […]

Trading plan for 09/10/2017: A quiet start of the week in Asia due to the absence of investors from Japan. The overnight PMI data from China has disappointed the global investors. The currency market is stable with a slight advantage of GBP and CHF. The GBP/USD bounce to 1.3100 level is the strongest, though without […]

Breaking forecast 10.09.2017 EURUSD: Prepare for the breakthrough of the range. The course of the EURUSD has stopped in a narrow range – it is likely that the breakthrough of limits will be with a strong movement. On Monday, trading will be potentially muted – in the US there is a holiday (Columbus Day). The […]

EUR/USD: Since September 25, the EUR/USD pair has lost roughly 200 pips. The current kind of the market situation favors selling on short-term rallies (as indicated by the recent price action). Price moved briefly below the support line at 1.1700 but closed above it on Friday. Once price turns south again, another clean opportunity would […]

The Dollar index is showing reversal signs of the daily Ichimoku cloud resistance at 94. Price remains inside the bearish channel however we do not have a confirmation that a new downward move has started. Black lines – bullish channel Red lines – bearish divergence signs The Dollar index continues to trade above the 4-hour […]

GOLD price is trading higher after the reversal on Friday. We have been warning Gold bears that the bullish divergence signs combined with the important support of 61.8% Fibo at $1,260 justified a strong bounce. However we do not see this as just a bounce but the start of a bigger move higher. Black line […]

USD/JPY is expected to trade with bearish bias below 112.85. The pair posted a V-sharp bearish reversal from 113.45 (the high of Oct. 6). In addition, the 20-period moving average has crossed below a 50-period one. The relative strength index shows a downside momentum. To conclude, as long as 112.85 holds on the upside, look […]

USD/CHF is expected to trade with a bearish outlook. The pair retreated from 0.9835 (the high of October 6) and broke below its 20-period and 50-period moving averages. In addition, the 20-period moving average crossed below the 50-period one. The relative strength index lacks downward momentum. The U.S. Labor Department reported that the economy saw […]

Our first target which we predicted in Yesterday’s analysis has been hit. The pair posted an intraday “V-top” pattern last Friday and is likely to extend its losses in the coming trading hours. The horizontal level at 147.95 plays well a resistance role. In addition, the relative strength index is below its neutrality area at […]

Overview: Last week, the EUR/USD pair fell from the level of 1.1836 towards 1.1716. Right now, the price is set at 1.1732. The resistance is seen at the levels of 1.1836 and 1.1911. Volatility is very high for that the EUR/USD pair is still expected to be moving between 1.1836 and 1.1716 in coming hours. […]

Overview: The GBP/USD pair continues to move upwards from the area 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 […]

Out of Asia, Hong Kong’s Hang Seng lost 0.5%. The Shanghai Composite added 0.8% after being closed for holidays the previous week, and Australia’s S&P/ASX 200 gained 0.5%. Japanese and South Korean markets were shut for holidays. Concerns over tensions in the Korean peninsula might had resurfaced after comments by US President Donald Trump and […]

When the European market opens, some Economic Data will be released, such as Sentix Investor Confidence and German Industrial Production m/m. The US will not release any Economic Data, so, amid the reports, EUR/USD will move in a low volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1798. Strong Resistance:1.1791. Original Resistance: 1.1780. […]

GOLD prices are testing the key 1280 level but it appears unlikely that gains can be sustained above it. The recent bounce higher may be short-lived as the RSI on the 4-hour chart is turning back down, indicating a loss of upside momentum. Gold’s rise above the 50-period moving average helped ease downside pressure. But […]

Today Japan and the US will not release any Economic Data. So, there is a probability the USD/JPY will move with low volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.18. Resistance. 2: 112.97. Resistance. 1: 112.74. Support. 1: 112.47. Support. 2: 112.24. Support. 3: 112.03. Disclaimer: Trading Forex (foreign exchange) on margin carries […]

On Monday, the dollar could not recover from Friday’s losses as North Korean tensions came back to the spotlight and as liquidity was limited during the session with South Korea, Japan, and China being closed for holidays, while US markets will be partially shut for Columbus Day. Although the report on US nonfarm payrolls released on Friday raised hopes for a […]

We will retain our previous view of the pair. The pair is expected to trade in a lower range. The pair posted a gap down open and broke below its 20-period moving average. The downward momentum is further reinforced by the declining 50-period moving average. The relative strength index shows downside momentum. To conclude, below […]