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We are halfway through the trading day and the weekend is finally within our grasp – but the trading day is still going so before we enjoy some days off, let’s see how traders have been performing with the Midday Snapshot. Euro/Dollar has been rising gradually, as the currency pair has walked in a total […]
The news release schedule is short on Monday, the 26th of June, but it does have some known market movers. German Ifo Business Climate for June is released at 8 AM. The Index surprised very much on the upside in May, soaring to its highest level since 1991. UK Mortgage Approvals for May are out […]
We will retain our yesterday’s target of USD/JPY. Although the pair posted a rebound and broke above the 50-period moving average, it is still trading below the key resistance at 111.45 (the low of June 22), which should limit the upside potential. The relative strength index is mixed with bearish bias. Hence, as long as […]
GBP/JPY is expected to trade in a higher range as bullish bias remains. The pair posted a rebound and broke above both 20-period and 50-period moving averages. The relative strength index lacks downward momentum. The downside potential should be limited by the key support at 140.85. Therefore, as long as this key level holds on […]
Analysis of gold for June 23, 2017
Recently, GOLD has been trading upwards. The price tested the level of $1,258.00. Anyway, according to the 30M time frame, I found a climatic action followed by no demand bars, which is a sign that buying looks risky. The price also tested upper diaognal of channel, which is another sign of potential wekaness. My advice […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2744. Anyway, according to the 30M time frame, I found climax action followed by no demand bars, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at 1.2653 […]
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The news release schedule is short on Monday, the 26th of June, but it does have some known market movers. German Ifo Business Climate for June is released at 8 AM. The Index surprised very much on the upside in May, soaring to its highest level since 1991. UK Mortgage Approvals for May are out […]
Intraday technical levels and trading recommendations for EUR/USD for June 23, 2017
Daily Outlook In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was established around 1.0500. Since then, evident bullish momentum has been expressed on the chart. The next daily supply level for the EUR/USD pair is located between 1.1400-1.1520 where price action should be watched for possible bearish rejection. Recent update: […]
NZD/USD Intraday technical levels and trading recommendations for June 23, 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 breakout of the lower limit of the channel took place in December […]
Good morning traders, it is 8AM GMT on this Friday – so let’s jump in and check out Dukascopy’s Main Daily Trading Signals. Euro/Dollar’s short and mid term charts have 5 bullish signals each, whereas the long term has 5 neutrals. The interbank, however is bullish at more than 23% long and it matches the […]
Global macro overview for 23/06/2017: Hawkish comments from Kristin Forbes have hit the financial newswires. In her last speech as a member of the Bank of England Monetary Policy Committee in London Business School, Forbes reiterated that a lift in the UK interest rates should not be delayed any longer. She argued that all the […]
Forex News: 23/06/2017 – Firmer euro and pound push dollar lower; oil steadies
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Friday 23-06-2017 Lookback
Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to examine a successful trade you could have made this week. Event: RBA Meeting Minutes Date: Tuesday […]
Trading in USD was relatively flat on Friday ahead of economic indicators released next week in the US, which will provide further insight into the US economy – specifically inflation. Following last week’s FOMC decision to raise interest rates, the USD Index hit a 1 month high on Tuesday of 98.871. Since then trading has […]
Technical Analysis: 23/06/2017 – USDCAD short-term bearish below 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…
Trading plan for 23/06/2017
Trading plan for 23/06/2017: A quiet Asian trading session went without any publications or important events. The dollar weakened against all currencies from the G10 basket, but the change did not exceed 0.2%. The risky currencies are leading now: AUD (+0.19%), GBP (+0.16%) and NZD (+0.15%). Besides, the the Asian stock market posted some modest […]
The Dollar index is weakening. Price is breaking below support and this is not a good sign. The bounce we were expecting was shallow. If price breaks below 97, we should expect more selling pressures to push the index to new monthly lows. Red line – support (previous resistance) Blue line- support The Dollar index […]
GOLD is making higher highs and higher lows in the 4-hour chart and is unfolding the upward reversal we expect off the $1,245 price area. Gold is expected to continue the bounce towards $1,260 and higher. We could see a short-term new low towards $1,230 but it is not necessary. Red line – resistance Gold […]
EUR/USD: On Thursday, there was an upwards bounce on the EUR/USD pair in the context of a downtrend. The upwards bounce could end up giving a good short-selling signal as price is expected to go downwards, reaching the support lines at 1.1150 and 1.1100. USD/CHF: This pair continues to be corrected gradually lower and lower, […]
Wave summary: Not much to add here. EUR/NZD is trying to bottom in wave ii/, but a break above minor resistance at 1.5564 remains needed to confirm that wave ii/ has completed and wave iii/ higher to above 1.6237 is developing. As long as resistance at 1.5564 is able to cap the upside, we will […]
Wave summary: We are still looking for a break above 124.46 to confirm the next impulsive rally higher towards at least 127.00 and possibly even closer to 129.10 in wave iii. Short-term support is seen at 123.99 and again at 123.79. Ideally the later will be able to protect the downside for the expected break […]
Donald Trump ’s decision to fire FBI Director James Comey may prove to be his biggest blunders yet. A prominent Republican senator by the name of Chuck Grassley recently outlined plans to meet with Democratic counterparts to discuss whether Comey’s dismissal warrants an obstruction of justice investigation. Trump “not under investigation”? Up until now, […]
Overview: The NZD/USD pair is showing signs of force following a breakout of the highest price of 0.7205 (a major support). The NZD/USD pair will continue rising from the level of 0.7205 in the long term. It should be noted that the support is established at the level of 0.7205 which represents the daily pivot […]