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The last day of the week has brought a setback in Euro‘s bullish gallop; let’s see what else has been moving and shaking. The mover of the day is the Pound/New Zealand, which has declined by point 46. The pair was trending lower for most of the session. Commodity currencies have been doing quite well […]

Price is approaching major resistance at 1.3044 (Fibonacci extension, horizontal swing high resistance) and we expect a major reaction off this level for a drop to at least 1.2935 (Fibonacci retracement, Elliott wave theory) which needs to be broken to confirm a major drop. Stochastic (34,5,3) is testing 96% resistance and price is definitely in […]

Price is dropping strongly towards major support at 1.2966 (multiple Fibonacci extensions, horizontal swing low support, Elliott wave theory) and we expect a bounce above this level to at least 1.3164 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support above 1% where we expect a bounce from. Buy above 1.2966. Stop […]

Price has risen perfectly to our profit target before retracing back down. It is now on a good entry level and good support and we look to buy above 111.94 (Fibonacci retracement, horizontal overlap support) for a push up to 113.06 resistance (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance). RSI (34) remains above its support […]

Price is approaching major resistance at 0.7697 (multiple Fibonacci extensions) and we expect a strong reaction off this level for a drop to at least 0.7634 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing strong resistance below 93% where we expect a strong drop from. Correlation analysis: AUD/USD and NZD/USD are both expecting […]

Markets have been influenced this week by commentary from the ECB, Federal Reserve, Bank of England and also the Bank of Canada. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#216029 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen […]

Recently, EUR/CAD is residing in a volatile corrective structure between 1.4730 and 1.4970. Today, EUR receives support from the economic reports including German Retail Sales report which showed a rise to 0.5% from the previous value of -0.2% and which was expected to be at 0.3%, French Consumer Spending increased to 1.0% from the previous […]

AUD/JPY has reached the resistance level of 86.20 after an impulsive buying off the 83.00 level. After the positive Employment Change and Unemployment Rate report from Australia, AUD has been quite dominating over JPY recently. Today, Japan presented mixed economic reports including Household Spending data which came in at -0.1%, better than the expected -0.7%, […]

USD/JPY is expected to trade with a bearish outlook. The pair retreated from 112.90 (the high of June 29) and broke below both 20-period and 50-period moving averages. In addition, the 20-period moving average crossed below the 50-period one. The relative strength index is bearish and is calling for a further drop. Hence, as long […]

GBP/JPY is expected to trade with a bearish outlook. The pair is under pressure below the key resistance at 145.90 . The relative strength index is below its neutrality level at 50 and lacks upward momentum. Therefore, as long as 145.90 is not surpassed, look for a return to 144.85 A break below this level […]

The non-volatile bearish trend is still intact in USD/CHF. Recently, Credit Suisse Economic Expectation report showed a worse figure of 20.7 from the previous value of 30.8. Despite a sharp decline in the index, CHF has managed to gain over USD consistently. Recently, the US Final GDP has been revised upwards to 1.4% which was […]

We’re halfway through this week’s last trading day, and there actually have been some shifts in the markets. This is the Midday Snapshots. It looks like things have changed for the Euro/Dollar, as this session has actually been quite bearish; the pair was point 31% in the red at noon. Traded volume is in line […]

Monday is the Manufacturing PMI day, so let’s find out more. The schedule actually starts at 11:30 PM on Sunday with the Australian June Manufacturing PMI. The Index plunged by 4.4 points in May, although it did remain well in the positive territory where it has stood for the past 8 months. Japanese second quarter […]

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 […]

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. […]

Recently, GOLD has been trading sideways at the price of $1,244.00. According to the 4H time frame, I found a diamond formation in creation. Currently the price is testing the upward trendline and my advice is to watch for buying opportuntiies. The first upward target is set at the price of $1,250.00. Resistance levels: R1: […]

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2959. According to the 15M time frame, I found broken upward channel and hidden bearish divergence in the background, which is a sign that buying looks risky today. My advice is to watch for potetntial selling opportunities. The downward target lies […]

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The Dukascopy Main Spike Controller is here to make sure you get the best deals from your brokers. Euro/Dollar’s average and peak long-term spreads stand at point 28 and 1.8 pips, respectively. The pair continued moving higher yesterday, gaining a total of point 51% or 58 pips, although a subsequent decline has wiped out most […]

US nonfarm payrolls report in focus as markets look for next Fed move. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and Forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is a member of the London […]

US nonfarm payrolls report in focus as markets look for next Fed move. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and Forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is a member of the London […]

These are the Main Daily Trading Signals for Friday. Here’s how the interbank compares with the technicals at 8 AM GMT. All three time ranges bring different results for the Euro/Dollar, which is mostly bearish in the short-term and neutral in the mid-term. The long-term turns bullish with no less than 7 models, and it […]

Global macro overview for 30/06/2017: Upbeat data from the US economy did not prevent the US Dollar from falling. The Final GDP data from the US was revised up to 1.4% from 1.2%, mainly due to better indicators of personal consumption expenditure, which hit a level of 1.1% from the low of 0.6% (but there […]