Recently, the EUR/USD has been trading downwards. As I expected, the price tested the level of 1.1141. According to the 30M time frame, I found that price doesn’t have enough power to reject from yesterday’s low and that sellers are still present. My advice is to watch for selling opportunities today. The downward target is […]
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Technical outlook: GOLD has retraced lower towards fibonacci 0.618 support levels of the entire rally between $1,213 and $1,296 levels respectively. Furthermore, it is also a point of convergence of fibonacci 0.382 extensions of wave A, as depicted in Red around $1244.00 levels. Besides, please note that Wave A became equal to Wave C at […]
It’s 10 AM GMT on this Tuesday and time for the primary Dukascopy Spike Controller, providing you with the benchmark interbank price data. Euro/Dollar’s long term average spread is point 34 pips and both of the sides separated by point 7 pips during the past 4 hours. The pair declined South of the 1 12 […]
Financial markets have roared back to life after a solid rebound in technology stocks and optimism over French President Emmanuel Macron’s extraordinary electoral victory boosted risk sentiment. Sterling was vulnerable to heavy losses on Tuesday after Mark Carney suggested that interest rates should be kept on hold amid the Brexit uncertainty. Dollar bullish investors were […]
Technical outlook: The EUR/USD pair bounced from Fibonacci 0.50 percent resistance around 1.1215 levels yesterday, dropping almost 90 pips before pulling back. If short positions were placed, it is a good strategy to book short-term profits at this moment when EUR/USD is trading at 1.1160 levels. Please note that the pair has either carved out […]
Global macro overview for 20/06/2017: Bank of England Governor Mark Carney has a different point of view regarding the interest rate hike. Today’s comments from Carney stated that inflationary pressure is still weak and that the Bank of England should not consider a rate hike in the nearest future. As we remember, last week three […]
EUR/USD: There is a bearish signal on EUR/USD with a Bearish Confirmation Pattern in the market. This is in accordance with the forecast for this week, for price could go downwards by over 200 pips within the next few days. Some weakness could also happen on certain EUR pairs. USD/CHF: There is a bullish signal […]
Good morning traders, you’re watching the Dukascopy Main Daily Trading Signals for Tuesday. Euro/Dollar sees 5 neutral models on both its 1 and 4-hour charts, while the 24-hour scale turns red with 5 studies, but, in a marked contrast, the interbank is actually bullish at more than 23% long. Bearish models prevail on the Cable’s […]
Investor concerns, that low US inflation could deter the Federal Reserve from raising interest rates further this year, were somewhat abated last night after New York Fed President William Dudley stated “that the tightening in the labour market should help drive up inflation”. Dudley’s comments reinforced last weeks Fed message and helped to give a […]
Forex News: 20/06/2017 – Dollar lifted by hawkish Dudley; Pound slumps on Carney comments
Post by admin on June 20, 2017
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Technical Analysis: 20/06/2017 – GBPAUD focus to the downside; testing 200-day MA
Post by admin on June 20, 2017
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Trading plan for 20/06/2017
Post by admin on June 20, 2017
Trading plan for 20/06/2017: The last night on the financial markets was definitely peaceful. The main currencies record minor changes in value relative to the US dollar. EUR/USD is still trading in the range of yesterday’s lows at 1.1160 and USD/JPY is trading around 111,60. The most important event of the Asian session is a […]
Brexit, RBNZ, RBA In Focus
Post by admin on June 20, 2017
Ken the FX Freak’s view on the key events for the trading week with focus on UK, Euro Area, New Zealand and Australia. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#215336 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 […]
You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar has seen a decline, which leaves it between R1 of 1 1170 and S1 of 1 1140. Standing at a 20 day moving average, R2 is well confirmed with 17 models. The lowest resistance line has found […]
The Dollar index bounced off support yesterday as we expected and is trying to break above the 97.50 short-term resistance. This will mean that the move towards 98.50 we were expecting has started. Red line – resistance Blue line – support The Dollar index bounced off the short-term cloud support and is trying to break […]
GOLD price has reached our $1,245 target yesterday. It is time for Gold bears to be cautious and use protective stops as any day now we could see a reversal in Gold back towards $1,260-70. Trend is bearish. Price is below both the tenkan- and kijun-sen indicators. Price is around the 61.8% Fibonacci retracement so […]
Recently GBP/USD has been in a volatile corrective structure after breaking below the 1.2800 support level. The British currency is weighted by the uncertainty over formation of the new government and the Brexit situations. There are currently a lot of questions remain open which are expected to be solved slowly. Meanwhile, USD has gained ground […]
The outlook of USD/CHF is still bullish and it is expected to move upward. The pair posted a rebound and broke above 20-period and 50-period moving averages. In addition, the bullish cross between 20-period and 50-period moving averages has been identified. The relative strength index broke above the declining trend line since June 14. Yesterday, […]
USD/JPY has shown a good amount of impulsive bullish move recently bouncing off from 109.00 support area. Yesterday, Japan’s Trade Balance report was published with a downbeat deficit of 0.13 trln which was expected to be at a 0.35 trln surplus. As the export demand and currency demand are directly linked, a trade report has […]
Our take profit target for GBP/JPY has been hit as predicted. The technical picture of the pair is positive as the prices are supported by the bullish trend line since June 15. The upward momentum is further reinforced by the rising 20-period and 50-period moving averages. The relative strength index shows upside momentum. Hence, as […]
NZD/USD hit our downside take profit target as predicted. The pair is expected to continue the downside movement today as well. The pair recorded lower tops and lower bottoms since June 19 that confirmed a negative outlook. The declining 20-period and 50-period moving averages are playing resistance roles. The relative strength index is below its […]
Wave summary: We are still looking for a break above the resistance line near 1.5466 and more importantly, a break above resistance at 1.5567 as confirmation that wave ii has completed and wave iii higher towards 1.6237 and above is developing. R3: 1.5567 R2: 1.5481 R1: 1.5466 Pivot: 1.5450 S1: 1.5405 S2: 1.5381 S3: 1.5350 […]
Wave summary: The rally of 123.78 is in no way convincing and does look to be the b-wave of an expanded flat correction, This means wave c lower to 123.43 soon will be seen. A break below minor support at 124.20 will indicate wave c of ii lower to 123.43 is developing. Once this expanded […]
When the European market opens, some Economic Data will be released, such as Current Account, German PPI m/m. The US will release the Economic Data, such as Current Account, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1197. Strong Resistance:1.1191. Original […]
In Asia, Japan today will not release any Economic Data, but the US will release the Current Account data. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.23. Resistance. 2: 112.01. Resistance. 1: 111.79. Support. 1: 111.52. Support. 2: 111.30. Support. […]
