In Asia, today both Japan and US market will not release any Economic Data. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.57. Resistance. 2: 112.36. Resistance. 1: 112.15. Support. 1: 111.86. Support. 2: 111.64. Support. 3: 111.42. Disclaimer: Trading Forex […]

EUR/AUD has shown a bullish impulsive momentum yesterday after the recent bearish trend which took the price towards the support level of 1.4500. Yesterday AUD Employment Change report was published with a decreased figure at 14.0k from the previous figure of 38.0k which was expected to be at 14.4k, Unemployment Rate was unchanged at 5.6% […]

After a non-volatile bullish trend after breaking above the 0.7750-0.7830 resistance area, AUD/USD has shown some indecision yesterday. Yesterday AUD/USD Employment Change report was published with a decreased figure at 14.0k from the previous value of 38.0k which was expected to be at 14.4k, Unemployment Rate was unchanged at 5.6% as expected and NAB Quarterly […]

The price has shot up from our buying level yesterday perfectly and reached our profit target once again. We prepare to sell below major resistance at 1.1691 (Fibonacci extension, Elliott wave theory) for a corrective push down to at least 1.1583 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below 98% […]

The price has shot up and reached our profit target before dropping strongly to another strong support level. We prepare to buy above 0.9500 support (big figure, Fibonacci extension, Elliott wave theory) for a push up to at least 0.9570 resistance (Fibonacci retracement). Stochastic (34,5,3) is seeing strong support above 3.6% where we expect a […]

The price has risen strongly yesterday. We prepare to sell below 0.7413 resistance (Fibonacci extension, Elliott wave theory, bearish price action) for a push down to at least 0.7334 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is reversing nicely from our 94% resistance with good downside potential to play the drop. Sell below […]

The price has risen strongly yesterday. We prepare to sell below 0.7413 resistance (Fibonacci extension, Elliott wave theory, bearish price action) for a push down to at least 0.7334 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is reversing nicely from our 94% resistance with good downside potential to play the drop. Sell below […]

The price is approaching strong support at 1.2929 (Fibonacci retracement, Fibonacci extension, horizontal pullback support, bullish divergence) and we expect to see a strong bounce above this level to at least 1.3006 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing strong support above 9.59% where we expect a bounce from and also displays […]

The price continues to test major resistance at 89.11 (Fibonacci extension, swing high resistance, bearish divergence) and we expect to see a reaction off this level for a drop to at least 87.52 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) continues to test our 98% resistance where we expect a drop from. We […]

The price continues to test our major support at 111.77 (Fibonacci retracement, Fibonacci extension, Elliott wave theory, horizontal overlap support) and we expect a bounce above this level for a push up to at least 114.32 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is right above major support at 1.2% which corresponds with […]

Overview: The USD/CHF pair. Pivot: 0.9590. The swissy fell from the level of 0.9665 to bottom at 0.9523. The USD/CHF pair has faced strong support at the level of 0.9523 (the double bottom). Current price is around the spot of 0.9520. So, the strong support has been already faced at the level of 0.9523 and […]

Overview: On the one-hour chart, the USD/CHF pair bullish trend from the support levels of 0.7333 and 0.7282. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support […]

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USDX plummeted to test the support zone of 94.16 following Trump’s headlines that still are the main drivers for the index. Broad based USD weakness could increase if we notice a breakout below the 94.16 level, which should open the doors for a testing of the support level of 93.29. MACD indicator remains in the […]

GBP/USD was under pressure during Thursday’s session and it seems the pair will look for a consolidation below the 200 SMA. However, the focus is still bullish, as we haven’t seen yet a strong breakout to the downside and the idea remains in a target placed around 1.3037, at which a breakout should expose the […]

Overview The GBP/JPY pair touched the 145.00 barrier yesterday and is rebounding now to show some bullish bias now, while the negative pressure is still valid as long as the price is stable below 147.65. This move is supported by the negative signal provided by stochastic, waiting to visit 144.00 followed by 142.65 levels that […]

Overview The USD/JPY pair touched 111.65 level again and found solid support there. The pair is expected to break this level to confirm a further correctional bearish wave on the short-term basis to head towards 110.98 level that represents the next correctional level. The EMA50 keeps pushing negatively on the price, to support the continuation […]

Overview GOLD price has settled around 1,240.00 level, and the price might be forced to show more sideways fluctuation until stochastic manages to get rid of its negativity and gain enough positive momentum to continue the bullish trend. The bullish scenario is still valid and active as long as the price is holding above 1,229.32. […]

Overview Silver price made some bullish efforts yesterday, heading towards our first main target at 16.56. Please note that stochastic negativity that is clearly seen now might cause temporary sideways fluctuation before a further rise. In general, we will keep our bullish scenario conditioned by holding above 15.49 level. Please be aware that breaching 16.56 […]

Let’s see what’s moving and shaking on the FX Markets at 3 PM GMT following the ECB monetary policy announcement. Euro/Sterling is the mover of the day with a gain of 1.27%. The pair started heading sharply higher after 8 o’clock in the morning. The ECB left monetary policy unchanged, but traders found the key […]

As predicted, our downside target has been hit. The pair recorded a succession of lower highs and lower lows since July 18, which confirms a negative scenario. The declining 50-period moving average is playing a resistance role and maintains the downside bias. The relative strength index is capped by a bearish trend line. As long […]

AUD/JPY has been rising and rising and rising. Don’t you think it’s high time it starts to drop? We take a details look into the structure of AUD/JPY and perhaps, just perhaps, it’s about to drop from here. What do you guys think? Subscribe to us for more daily Technical Analysis videos! The material has […]

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’s gradual decline has resulted in the pair moving below the 1 15 level. Turnover is average and sentiment of the traders is neutral, 7% […]

Find out if your broker’s price feed quality stops you from performing at your best on this Thursday by watching the main Dukascopy Spike Controller. Point 29 pips is the long term average spread for the Euro/Dollar. Maximum separation has been 1.6 pips. The pair hit the daily low at just 4 pips below the […]

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. […]