Global macro overview for 21/06/2017: The Existing Home Sales data from the US are scheduled for release at 02:00 pm GMT. Market participants expect sales of previously owned homes in the United States to show again a high level of performance. Last month the sales were at the level of 5.57M sold houses and this […]

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

You’re watching the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out. Euro/Dollar has seen a decline, which leaves it between R1 of 1 1150 and S1 of 1 1120. Standing at a 20 day moving average, R2 is well confirmed with 16 models, while the lowest resistance line has […]

The US dollar index is reversing higher. The short-term trend is bullish as price has broken above the 97.50 short-term resistance and is trying to break above a multi-week sideways consolidation. Red line – resistance (broken) Blue line – support USDX is making higher highs and higher lows. Price has broken above the red trend […]

GOLD price has stopped its decline around the 61.8% Fibonacci retracement and our $1,245 target since $1,280. Now we expect at least a short-term bounce that will test the important $1,260-70 short-term resistance. Gold price remains in a bearish trend, but there are several signs of a bullish reversal, at least for the short term. […]

Trading plan for 21/06/2017: The Crude Oil prices decline below $43.74 during late Tuesday’s session. EUR/USD is trading below 1.1150 and GBP/USD is holding at 1.2650, near two-month lows. Oil price volatility followed enthusiasm on stock exchanges and triggered a decline in US debt yields. In such an environment, the Yen is strengthening and USD/JPY […]

Wave summary: Wave ii/ is still holding below the resistance line, which has moved lower to 1.5446 and a break above here will be the first good indication that wave ii/ finally has completed and wave iii/ higher to above 1.6232 is developing. A break above resistance at 1.5564 will confirm the low in wave […]

Wave summary: The expanded flat correction in wave ii is unfolding as expected. Wave b did not make quite as high as expected and peaked at 124.65 before turning lower in wave c to 123.43 to complete wave ii and set the stage for the next strong rally higher in wave iii towards 133.34. R3: […]

EUR/USD: A bearish signal has appeared on the EUR/USD, which has led to a Bearish Confirmation Pattern in the 4-hour chart. This is according to the anticipated movement for the week, and further downwards movement is possible, as price goes towards the support lines at 1.1100 and 1.1050. USD/CHF: A bullish signal has appeared on […]

When the European market opens, some Economic Data will be released, such as German 30-y Bond Auction. The US will release the Economic Data, too, such as Crude Oil Inventories and Existing Home Sales, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY […]

In Asia, Japan will release the All Industries Activity m/m, Monetary Policy Meeting Minutes data, and the US will release some Economic Data, such as Crude Oil Inventories, Existing Home Sales. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.92. Resistance. […]

The index has been favored by a bullish bias above the 200 SMA at H1 chart and it’s now heading to the first target around 98.18, where a selling’s pressure might happen. Overall, the structure remains bullish and as long as USDX stays above the 200 SMA, further gains are expected to take place towards […]

GBP/USD had a strong decline during Tuesday’s session, accelerating its downside towards the first target placed around 1.2567. If that level gives up, we might expect another fall to test the 1.2467 level, which is a key demand zone, where in the past, buyers have been present and pushing higher to the pair. MACD indicator […]

USD/CAD is currently at the edge of breaking above or below the event level of 1.3265. Despite the Oil prices trading in a lower range recently, CAD is quite stronger against USD now. The bearish trend in this pair is expected to continue further due to the determination of the BOC looking forward to economic […]

EUR/JPY is currently residing in a corrective volatile structure after the break above 123.30-50 area. Euro has been gaining over Yen recently due to recent negative JPY economic reports. Today is an important day for JPY as Monetary Policy Meeting Minutes will be held which is a detailed record of BOJ Policy Boards Meeting providing […]

Here’s what’s been moving and shaking on the FX markets so far on Tuesday, 20th of June. Sterling/New Zealand is the mover of the day with a drop of more than 1% as the pair took a sharp decline after 7 o’clock in the morning. US stocks are slightly in the red, but a commodity […]

Price has bounced up perfectly from our buying area yesterday and is on track to reaching our profit target. We remain bullish looking to buy on dips above 111.32 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.06 resistance (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance). RSI (34) has […]

Price is now testing a major level of resistance at 84.88 (Multiple fibonacci extensions) and we expect a strong reaction from here for a drop to at least 83.90 (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing strong resistance below 90% where we expect a drop from. Sell below 84.88. Stop loss at 85.41. […]

Let’s see which news releases could move the currency markets on Wednesday, the 21st of June. This is the Economic Calendar. UK Public Sector Net Borrowing for May is up first at 8:30 AM. The budget deficit was larger than expected in April; moreover, it was 2 billion pounds larger than a year ago. Coming […]

Brexit Negotiations: Day 1 Recap It was said that Brexit negotiations were not about “punishment” or “revenge”, but the talks between Chief European Union (EU) negotiator Michael Barnier and the UK’s Brexit Negotiator David Davis did look a lot like kicking a man while he is down. After an initial exchange of diplomatic pleasantries, Barnier […]

The morning session is over this Tuesday, and here’s how things have been shaping up for the market players. Euro/Dollar shows limited rate movement, but the pair has attracted 67% more than typical funds. Sentiment of the traders is neutral, standing 6% short. The flat rate movement is what suggests no major profits or losses […]

Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.

Brazilian turmoil in Politics and Economy. Rafael Leão, Parallaxis You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#215404 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 Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman Regardez la Dukascopy TV dans votre […]

Recently, the GOLD has been trading sideways at the price of $1,245.00. According to the 15M time frame, I found broken bearish flag and hidden bearish divergence on the moving average oscillator, which is a sign that buying looks risky. The short- term trend is bearish. My advice is to watch for potential selling opportunities […]

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