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 […]

The news release schedule is short on Friday, the 21st of July, so let’s take a quick look. UK Public Sector Net Borrowing for June is out at half past 8 in the morning, and the budget deficit actually was smaller than anticipated in May, down from 9.4 billion pounds a year ago. Loonie Dollar […]

Recently, the USD/JPY pair has been trading upwards. The price tested the level of 112.41. According to the 4H time frame, I found a broken wedge formation in the backgorund and a series of lower highs and lower lows, which is a sign that sellers are in control. Reistance at the price of 112.30 is […]

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1496. According to the 30M time frame, I found a fake breakout of yesterday’s low, which is a sign that selling looks risky. I found a hidden bullish divergence on the moving average oscillator, which is another sign of potential strength. […]

A sense of anticipation can be felt across the markets ahead of the UK retail sales data and ECB meeting. Asian and European equity markets ventured higher while the Dollar continues to nurse its wounds. In the commodity arena, WTI Crude lurched higher following reports of crude inventories declining. Investors will closely scrutinize the ECB […]

Global macro overview for 20/07/2017: The Australian job market data were better than expected as the full-time employment surprises. According to Australian Bureau of Statistics (ABS), the latest labour force data for June 2017 shows that while total employment rose only modestly by 14k people the strong rebound in full-time employment from last month increased […]

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A Smart Thermostat from Microsoft, Forza Motorsport 7 and the New Nintendo 2DS XL. Check out this latest edition of IT Industry Catch Up for a review of these latest products from Microsoft and Nintendo! You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#217290 Смотрите Dukascopy TV на […]

ECB: 12.45 and 13.30 BST Morning review. Today, the main event of the week is the decision of the ECB on monetary policy. The decision will be announced at 12.45 London time, and at 13.30 the speech of the ECB head Draghi will begin. Interest rates of the ECB will most likely not change. The […]

Wave summary: No change in view here. We countinue to look for a break above minor resistance seen at 1.5733 and more importantly above resistance at 1.5899 that will call for a continuation higher towards 1.6236 and above here too in the longer term. Only an unexpected break below support at 1.5419 will delay the […]

Wave summary: No change in view here except that for a possible downside target. As the sideways consolidation in wave b drags out the likely downside target for wave c of iv, it will only make it lower to 127.22 before turning higher again in wave v towards 133.46. Trading recommendation: We are short EUR […]

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. Bearish signals prevail on Euro/Dollar’s short and mid-term charts, but the long-term scale turns green with 5 models, and it is supported by the more than 15% long interbank. Next up is the Cable with […]

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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

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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 for 20/07/2017: The volatility during the Asian session is still very limited, with no major movements across the board. EUR/USD is at 1.1510 level, USD/JPY 112.10 level, AUD/USD is at 0.7940 level. WTI Oil is higher after yesterday’s inventories data, currently, the price of the barrel of oil is $47.10. No market reaction […]

Good morning traders, the Dukascopy TV team brings you another Support and Resistance Level Report. Euro/Dollar has been trending lower, and it now stands between R1 of 1 1530 and S1 of 1 15. The lowest resistance line has found 5 matches. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and […]

Pepperstone’s Market Analyst, Darren Sinden, takes you through the overnight changes and price moves to be aware of: – All eyes on the ECB interest rate decision at 11.45 GMT, – Australian unemployment data impresses. – BOJ admits it needs more time to work on inflation, – Radio silence in Washington trade talks. – BOJ […]

The Dollar index is bouncing off the 94.50 area towards 95 where we find the previous lows and the kijun-sen indicator as resistance. Trend remains bearish as long as price is below 95.80. Red line – resistance Blue line – resistance (former broken support) The Dollar index is in a bearish trend. Price is above […]

GOLD price has stopped its rise at the short-term resistance level of $1,245. Gold price might pull back even further towards $1,230 if $1,235 is broken but overall I remain bullish looking for a move towards $1,260 at least. Gold price is trading above the 4-hour Kumo (cloud) and the kijun-sen indicator (now at $1,229). […]

Markets were, for the most part, little changed on Wednesday as traders waited for today’s Bank of Japan and ECB rate decisions. Earlier today the Bank of Japan maintained its heavy monetary stimulus and gave signs that it is in no hurry to rein in stimulus, unlike many of its Central Bank counterparts. The US […]

EUR/USD: What is happening on this pair can best be described as a short-term sale in the context of an uptrend. The bias on the market is bullish and the price could go upwards from here, reaching the resistance line at 1.1550 (which had been previously exceeded), and going above it once again to target […]

When the European market opens, some Economic Data will be released, such as Consumer Confidence, Spanish 10-y Bond Auction, ECB Press Conference, Minimum Bid Rate, Current Account, and German PPI m/m. The US will release the Economic Data, too, such as Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, and Unemployment Claims, […]

In Asia, Japan will release the BOJ Press Conference, All Industries Activity m/m, BOJ Policy Rate, BOJ Outlook Report, Monetary Policy Statement, and Trade Balance data, and the US will release some Economic Data, such as Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, and Unemployment Claims. So, there is a probability […]

Price has dropped absolutely perfectly from our selling area and is fast approaching our profit target. We prepare to buy above major support at 1.1491 (Fibonacci retracement, horizontal pullback support) for a push up to at least 1.1583 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing strong support above 6% where we […]

The price has reached our buying area and bounced off it perfectly. We remain bullish looking to buy above strong support at 0.9527 (Fibonacci extension, bullish price action, channel exit potential) for a push up to at least 0.9593 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing strong support above 3.6% and has […]