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. […]

USD/JPY is expected to trade with a bullish outlook. The pair is trading below its declining 20-period and 50-period moving averages, which play resistance roles and maintain the upside bias. The relative strength index is mixed with a bearish bias. The upward potential is likely to be limited by the resistance at 111.40. Therefore, as […]

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 […]

Our targets which we predicted in Yesterday’s analysis has been hit. The pair broke above its key resistance at 0.9595 (the high of July 26), which is coming to the key support now. Both rising 20-period and 50-period moving averages are maintaining upside bias. The U.S. dollar pared losses seen in Asian trading hours and […]

GBP/JPY is expected to trade with a bullish outlook. The pair broke above its 20-period and 50-period moving averages and accelerated on the upside. The relative strength index is bullish above its neutrality level at 50 and lacks downward momentum. The rising 20-period moving average crossed above the 50-period one, which is positive and is […]

NZD/USD is under pressure. Although the pair broke above the 20-period moving average, it is still trading below its declining 50-period moving averages, which plays a resistance role. The relative strength index is below its neutrality level at 50. Even though a continuation of the technical rebound cannot be ruled out, its extent should be […]

Is your broker staying true to you on this Friday? Let’s find out with the Dukascopy Spike Controller. Euro/Dollar has averages close to the point 3 pip mark in all three time scales and maximum separation of 1.2 pips took place less than 4 hours ago. The most traded pair continues the battle around the […]

Recently, the EUR/CHF has been trading upwards. The price tested the level of 1.1379. According to the 15M time frame, I found broken intraday flat base, which is a sign that selling looks risky. The short-term trend is bullish and buyers are in control. Stochastic oscillator showing an oversold condition, which is a sign that […]

Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3051. According to the 30m time frame, I found a potential bearish flag in creation. There is also a hidden bearish divergence on the moving average oscilator. My advice is to watch for potential selling opportunities. The downward targets are set at […]

UK GDP rising very modestly, still weighed upon by high rising inflation, causing a tightening in consumer pockets. FOMC keeps rates unchanged accompanied with a dovish tone. Australian CPI remains subdued. RBA governor remains neutral. Euro upside remains attractive. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#217822 […]

USD/CHF has been quite impulsively bullish recently as the CHF had a series of bad economic reports in comparison to USD. After a long streak of bearish pressure in the pair currently, some bullish pressure is observed which is expected to be a good counter move to turn the pair around. Today CHF KOF Economic […]

The GOLD price made a new higher high yesterday and remains in a bullish trend. The Gold price is breaking above the $1,250-60 resistance area and is heading towards the long-term resistance at $1,280-90. The Gold price is trading above both the tenkan- and kijun-sen. There are initial signs of a bearish divergence but the […]

Wave summary: We still don’t have much to add here. We continue to look for evidence that the red wave ii/ has completed and the red wave iii/ higher to 1.6236 is ready to unfold. The first good indication that the red wave ii/ have completed and the red wave iii/ is developing will be […]

Wave summary: We continue to look for the final rally towards the ideal target at 133.34. A break above the resistance at 130.77 will confirm that the final leg higher is developing. Once the 133.34 target has been tested, we should start looking for a reversal lower. That said, a break below minor support at […]

Wave summary: We continue to look for the final rally towards the ideal target at 133.34. A break above the resistance at 130.77 will confirm that the final leg higher is developing. Once the 133.34 target has been tested, we should start looking for a reversal lower. That said, a break below minor support at […]

Global macro overview for 27/07/2017: The UK second quarter growth data were in line with expectations. The market participants expected a slight increase in GDP from 0.2% to 0.3% on monthly basis and a slight decrease from 2.0% to 1.7% on a yearly basis. The biggest contribution to the GDP was noted in the services […]

Wave summary: The trading range has finally been broken. A little surprising it was broken towards the downside for a deeper correction in red wave ii/, but short-term important support at 1.5419 should continue to cap the downside for renewed strength and a break above minor resistance at 1.5729 and more importantly a break above […]

Wave summary: We continue to look for a break above minor resistance at 130.77 to confirm the next part of the rally higher towards the ideal 133.34 target. Short-term minor support is seen at 129.90 which is expected to be able to protect the downside for the break above 130.77. It will, however, only be […]

If you spend enough time observing the market you will realize that action and reaction cause most of market movements. If you take a closer look you will see that three names seem to always appear close to each other when you read your daily market news. The US dollar, better known to traders as […]

Good morning, traders, you’re watching the Dukascopy Primary Daily Trading Signals. Euro/Dollar’s hourly chart is split between red and neutral models, whereas the 4 and 24-hour scales turn bullish with 4 and 5 studies, respectively, matching the more than 18% long interbank. Neutral signals prevail on the Cable’s short-term chart. The mid and long-term scales […]

Trading plan for 27/07/2017: The Asian session was dominated by a weakness of the US Dollar, which was under pressure from the FOMC yesterday. In the morning, the EUR/USD pair managed to break through its local highs, but currently the rate returns from 1.7777 to around 1.1715, thus returning to levels from yesterday’s closing. Wall […]

Breaking forecast: Orders for durable goods USA 13.30 London time. Orders: Forecast + 3.5% (to the previous month). The previous value was -1.1%. The forecast range is +1.5 + 6.0%. Orders of the previous year + 2.7%, excluding transport + 5.5% and investment goods + 5%. Why is it important? Orders for durable goods reflect […]

You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out. Euro/Dollar went up yesterday, and it now has R1 of 1 1750 and S1 of 1 1710. Price Channel Indicator Upper Line is among the 3 models for R1, and R3 is a psychological level with 2 studies. […]

The Dollar index bounced yesterday towards the upper channel boundary but got rejected and reversed lower making a new lower low. The trend remains bearish. No reversal sign yet, although bullish divergence signs are there as a warning for bears to be cautious. Blue lines – bearish channel The Dollar index is making lower lows […]

The GOLD price reversed from $1,247 support area and made a new higher high above $1,260. Our minimum target since $1,205 has been reached. A break below $1,245 confirms the upward move is complete and correction will have started. Red rectangle – support Blue trend line – support The Gold price remains in a bullish […]