DOW spiked above the 22k level briefly on this Wednesday, so let’s see where the 8 majors stand at 3 PM GMT. Euro/Canada retreated after the initial rise, but another move higher puts the pair point 63% in the green, which is the day’s top move. Single currency tops the advancers and decliners table and […]
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Overview The USD/JPY pair attempted to break 110.15 level yesterday but it couldn’t hold below it, to rebound bullishly and heads potential test to 110.98 level, noticing that the EMA50 meets the mentioned resistance to add more strength to it, accompanied by stochastic reach the overbought areas. Therefore, we believe that the chances are valid […]
Overview The GBP/JPY pair confirms its affection by the positive attempts recently to notice its move from the initial support around 145.00, to keep suggesting the positive domination until touching 147.60 resistance, while we remind you that the continuation of the positive pressure might push the price to surpass the current resistance, to confirm the […]
Overview GOLD price shows some slight bearish bias by today’s opening on its way for new retest process to the previously breached neckline of the inverted head and shoulders’ pattern that appears on the chart before resuming the main bullish trend again. In general, the bullish trend still active on the intraday and short term […]
Overview Silver price is testing the key support 16.56 now, as it found difficulty to breach the key resistance 16.80 in the previous sessions, which urges caution from the upcoming trading, as breaking the mentioned support will stop the recently suggested rise and push the price to decline towards 15.49 mainly. Until now, we will […]
NZD/USD Intraday technical levels and trading recommendations for August 2, 2017
Daily Outlook The NZD/USD pair has been trending up within the depicted bullish channel since January 2016. In November 2016, early signs of bullish weakness were expressed on the chart when the pair failed to record a new high above 0.7400. A bearish breakout of the lower limit of the channel took place in December […]
Intraday technical levels and trading recommendations for EUR/USD for August 2, 2017
Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target is 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. […]
The Dukascopy TV Team is once again bringing you the Midday Snapshot where we take a look at how the market players have performed over the 12 hours to noon. Euro/Dollar gained a total of 75 pips, before a late pull back took it back towards the opening level. Turnover is high and sentiment of […]
The latest Bank of England Inflation Report is scheduled on Thursday, the 3rd of August; let’s find out more. European Central Bank will release its latest Economic Bulletin at 8 AM. Traders are looking for any hawkish hints, but the previous bulletin still noted the need for substantial monetary accommodation. The final reading of Euro […]
Dukascopy Spike Controller continues its quest to promote a fair trading environment. Here’s a look at the benchmark interbank price stats over the last 24 hours. Euro/Dollar’s long term average and maximum spreads are point 31 and 1.6 pips respectively. The pair gained a total of point 71% or 84 pips to push above the […]
Recently, the GOLD has been trading upwards. The price tested the level of $1,274.10. According to the 4H time frame, I found 20-day upward channel. The price successfully tested the lower diagonal of our channel, which is a sign that selling looks risky. Buyers are in control and the short-term trend is bullish. My advice […]
Recently, the EUR/USD has been trading upwards. The price tested the level of 1.1868. Anyway, according to the 15M time frame, I found broken falling wedge (bullish pattern), which is a sign that selling looks risky. Also, there is a pullback and successful re-test of the falling wedge, which is another sign of strength. I […]
EUR/USD: The EUR/USD has continued its bullish journey this week, and it is currently testing the resistance line at 1.1850. The resistance line would soon be breached to the upside, owing to the Bullish Confirmation Pattern in the 4-hour chart, and the price would then target another resistance line at 1.1900. USD/CHF: The USD/CHF went […]
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Good morning, traders, the Dukascopy TV team is here with the Main Daily Trading Signals for Wednesday. There’s green across the table for the Euro/Dollar, which sees 4 buy prompts in the short-term and 5 in both the mid and long-term, and they indeed are in line with the more than 20% long interbank. The […]
Forex News: 02/08/2017 – Dollar rebounds from 15-month lows; Kiwi slips after NZ jobs data
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Trading plan 02/08/2017
Trading plan 08.02.2017 The overall picture: The news week is accelerating. On Tuesday, important data on inflation in the US will be published. The inflation index for the personal consumer expenditures or PCE is the main fnflation indicator for the Fed. Inflation in the US remains at a very low level: a general inflation of […]
EUR/JPY is currently in a non-volatile bullish trend after breaking above the 130.50 recently. EUR has been quite positive with its economic reports where JPY is currently struggling to make good news on its side to dominate the market. Today JPY Monetary Base report was published with worst value at 15.6% from the previous value […]
Burning outlook: US employment report from the ADP at 12:15 London time Number of new jobs for July – forecast + Previous value + 158 K Forecast range + 151 K + 195 K Why is this important? Employment and its dynamics are the most important factor of the state of the economy – along […]
Technical Analysis: 02/08/2017 – Gold reinforces bullish bias after crossing above Ichimoku cloud
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
The NZD/USD has given a reversal signal yesterday and early today is approaching its first minimum pull back target at 0.74. Short-term trend is bearish as long as the price is below 0.7525. The second leg down is approaching equality with the first leg down. At 0.7405 we also get the lower cloud boundary and […]
The USD/CAD confirmed the bullish reversal yesterday as price made a higher low and earlier today broke above recent high at 1.2575. The trend is bullish as the price is making higher highs and higher lows. Blue line – recent high (taken out) The USD/CAD made a double bottom (higher low slightly) and reversed upwards […]
Welcome to our Trading Strategy Series, where you will get introduced to different strategies to help you trade better. In this article, we’ll introduce you to the EMA breathrough. The moving average (or MA for short) is one of the most reliable technical tools used by Forex traders. Regardless of your level of experience, the […]
The dollar is in standby mode
Consumer spending in the US rose by 0.1% in June, the lowest in the current year. Sales of cars in the US continues to decline. The PMI Markit index in the US manufacturing sector grew in July to 53.3p against 52p from a month earlier. At the same time, the analogous index from the ISM […]
The Dollar index remains in a bearish trend. The price is making lower lows and lower highs. There are bullish divergence signs that should not be ignored as this downward move has lasted more than initially expected and should soon provide a strong bounce for the index. Short-term support is at 92.75 and resistance at […]