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. […]
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The index is finding dynamic resistance around the 200 SMA area at H1 chart and the bears could appear in order to push lower to the greenback. However, if the bullish bias comes back to action, the next target would be the resistance level of 96.77, while a pullback should push lower the US Dollar […]
The pair continues to hover around the 200 SMA at H1 chart and the resistance zone of 1.3017 is still the short-term target for bulls. If it gathers enough momentum in coming hours, we might expect a rally towards 1.3105, while a pullback should produce a break below the 200 SMA and it can target […]
Fourth of July holiday is over, so let’s see where the 8 majors stand at 3 PM GMT on this Wednesday as trading is back in full swing. Greenback gained ground against the neighboring Loonie Dollar only hours into the session and the pair is up by point 53%, which is the day’s top move. […]
Our USD/CHF upside target has been hit as we predicted. USD/CHF is still expected to trade in a higher range. The technical picture of the pair is bullish as the prices have been supported by a bearish trend line since June 30. The rising 50-period moving average is playing a support role. The relative strength […]
AUD/USD has been quite bearish due to downbeat economic reports from Australia and unchanged RBA Cash rate statement report published yesterday. Australia released a negative report of Building Approvals at -5.6% which previously was at 4.8% and was expected to be at -1.2%. Yesterday, Australia’s Retail Sales report was better than expected, showing growth to […]
GBP/JPY as predicted Yesterday is trading in a higher range. So, we will retain our Yesterday’s target. The pair is currently trading above its rising trend line and is expected to post a technical rebound. The relative strength index is around its neutrality area at 50, lacking downward momentum. Even though a continuation of the […]
Midpoint of Wednesday has been reached, meaning it’s time for the latest Midday Snapshot brought to you by the Dukascopy Forex TV Team. Euro/Dollar declined by 57 pips and the pair stood point 24% in the red at noon as it rose from the daily low. This pair sees 28% less than typical funds and […]
NZD/USD is expected to trade with a bearish outlook. Although the pair posted a rebound and broke above the 50-period moving average, it is still trading below the key resistance at 0.7305, which should limit the upside potential. The relative strength index is mixed with a bearish bias. Therefore, as long as 0.7295 is not […]
NZD/USD Intraday technical levels and trading recommendations for July 5, 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 break out of the lower limit of the channel took place in […]
Intraday technical levels and trading recommendations for EUR/USD for July 5, 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. […]
Let’s see which news releases could move the currency markets on Thursday, the 6th of July. This is the Economic Calendar. German Factory Orders for May are up first at 6 AM. Orders slipped unexpectedly in April, mostly due to a drop in foreign orders. Swiss June CPI follows at 7:15. The annual inflation recovered […]
EUR/USD analysis for July 05, 2017
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1312. Anyway, according to the 30M time frame, I found that the price rejected from a lower diagonal of the downward channel, which is a sign that selling looks risky. So we might expect a potential three-drive pattern. My advice is […]
Overview: Pivot: 0.7205. The NZD/USD pair is still trading around the area of 0.7250 and 0.7343. Thus, it should be noted that the support is established at the level of 0.7205 which represents a pivot point. The NZD/USD pair is showing signs of force following a breakout of the highest price of 0.7205. The price […]
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Overview: The USD/CHF pair has faced strong resistances at the levels of 0.9684. So, the first resistance has been already formed at the level of 0.9684 and the pair is likely to try to approach it in order to test it again. However, if the pair fails to pass through the level of 0.9684, the […]
Find out what have been the maximum and average spread levels for the 3 non-cross majors during the last 24 hours by watching the primary Dukascopy Spike Controller. Euro/Dollar’s long term average spread is point 36 pips and both of the sides were 1 pip apart less than 4 hours ago. Rate movement has been […]
GBP/USD analysis for July 05, 2017
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2893. Anyway, according to the 30M time frame, I found a fake breakout of yesterday’s low at the price of 1.2910, which is a sign that selling looks risky. There is a hidden bullish divergence in the background, which is another […]
The Moving MACD (Average Convergence Divergence) and RSI (Relative Strength Index) are two of the most popular indicators for Forex traders. These two simple indicators measure the speed and change of price movements of a particular asset, such as a forex pair, commodity or stock index. In the following article, we’ll explore how the RSI […]
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Global macro overview for 05/07/2017: The UK Construction PMI deteriorates below the consensus in June. Market participants expected the PMI Construction to decline from 56.0 points to 55.0 points, but it slid below market expectations to the level of 54.8. Moreover, the growth momentum softened across all sectors during the month and the worst performers […]
Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. Euro/Dollar’s hourly chart is split between green and neutral models, whereas the mid and long-term scales turn neutral with 6 and 5 studies, respectively. In contrast, the interbank is bullish at more than 17% long. […]
Technical Analysis: 05/07/2017 – AUDUSD near-term bullish; flat 200-day MA
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Forex News: 05/07/2017 – Dollar steady amid North Korea tension; Fed minutes eyed
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…