Technical outlook: The EUR/USD bullish story continued until yesterday with the 3rd wave extension hitting into 1.1263 levels before reversing lower. The pair has broken its immediate support trend line on the hourly chart and is on the verge of breaking its first price support at 1.1161 levels as well. We can expect a pullback […]

EUR/USD: This currency trading instrument experienced a shallow bearish retracement after testing the resistance line at 1.1250. That resistance line is now under siege, since the price is expected to test it again, and possibly breach it to the upside, as it goes further north. The ultimate target for this week is located at the […]

Recently, the EUR/USD has been trading downwards. As I expected, the price tested the level of 1.1170. Anyway, according to the 15M time frame, I found a fake breakout of yesterday’s low at the price of 1.1175. There is also a hidden bullish divergence on the moving average oscillator, which is another sign of potential […]

Dukascopy Forex TV Team brings you the benchmark interbank price data for this Wednesday with the primary Spike Controller. Euro/Dollar’s long term average spread is point 3 pips and both of the sides were 1 pip apart yesterday. The pair has slipped below the 1 12 level during the past 24 hours, declining by a […]

Recently, the GOLD has been trading downwards. As I expected, the price tested the level of $1,248.00. Anyway, on the 15M time frame, I found a fake breakout of the yesterday’s low at the price of $1,249.80. There is also a hidden bullish divergence on the moving average osiclator, which is another sign of potential […]

Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel. In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, significant bearish rejection was expressed around 1.3580 (recently established top). During the […]

In December 2016, a bullish breakout above 0.6960-0.7000 allowed the pair to head toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure on the pair. Bullish persistence above 0.7100 allowed a further advance toward 0.7250-0.7350 (Sell-Zone) where the bearish price action was expected. Bearish persistence below 0.7250 allowed […]

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

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…

These are the Main Daily Trading Signals for Wednesday. Here’s how the technicals compare with the interbank at 8 AM GMT. The first pair for this report is the Euro/Dollar, which sees 6 and 4 bearish signals on its short and mid-term charts, respectively. The long-term scale brings 4 green studies, in line with the […]

The Trump administration has presented its 2018 budget plan to Congress last evening. The budget plan calls to slash $3.6 trillion in government spending, mainly reducing the funding for healthcare and social benefits (such as Medicaid, SNAP, pensions for government officials) and Environmental Protection Agency funds. The cuts are to be used for funding to […]

Global macro overview for 24/05/2017: The Gfk Consumer Climate benchmark from Germany has hit its highest level since 2001. Market participants expected no change from the already strong level of 10.2 points, but the fresh print was at the level of 10.4 points. This figure, yesterday’s Ifo data, and the recent flash data for Germany’s […]

Good Wednesday morning, you’re watching another Dukascopy Support and Resistance Level Report. We start with traders’ favourite pair, the Euro/Dollar, which has R1 of 1 12 and S1 of 1 1170. Bollinger Upper Band is among the 5 models for R2, while the lowest resistance line has found 4 matches. R3 is a 6 month […]

Trading plan for 24/05/2017: The Moody’s rating agency has cut China’s rating from Aa3 to A1, which made an impact on the AUD and the Shanghai Stock Exchange. However, the vast majority of financial markets was calm overnight, with the US Dollar gaining slightly and the Crude Oil trading near the highs as the OPEC […]

NZDUSD has broken above the corrective structure resistance 0.6950 with a good amount of bullish pressure. Yesterday, we saw a bullish rejection on the daily candle which signals the presence of bears currently in the pair. Today, a Trade Balance report was published in New Zealand which showed a surplus of 578M, higher than forecast […]

USD/CAD is currently in a bearish bias after breaking below the event level of 1.3600. Today is a very important day for CAD as the Bank of Canada will announce its rate decision along with the BOC statement. The overnight rate is expected to be unchanged at 0.50%. On the USD side, today we have […]

EUR/JPY has been in a volatile bullish structure after breaking and retesting the level of 123.50. Today, GFK German consumer climate report was published with a positive figure at 10.4 which was expected to be at 10.2. Besides, ECB President Draghi is going to speak today about short-term interest rates and upcoming monetary policy. This […]

Wave summary: We have seen the expected corrective decline in wave [ii] closer to support near 1.5836 from where a turn higher in wave [iii] is expected towards 1.6655. As long as minor resistance at 1.6036 is able to cap the upside, as long is a little more downside closer to the ideal 1.5836 target […]

Wave summary: We continue to look for a little more downside into the support zone between 123.59 – 123.92 to complete wave ii and set the stage for the next impulsive rally in wave iii towards 134.30 with the ideal target for wave C seen near 138.52. Short-term a break below minor support seen at […]

The Dollar index is turning higher as we expected. We have been waiting for a strong bounce in the Dollar index targeting the 98.50-99 area. Being bearish the Dollar index the last couple of days was wrong with no good risk reward ratio. The Dollar index is now testing the 4-hour kijun-sen resistance. Price is […]

In my 39 years, I have never witnessed a US Presidency with as much drama as I have seen in just over 100 days since Donald Trump was elected. And in this short time talks of a Trump impeachment are already surfacing. I was too young to be fully aware of President Regan’s presidency, then […]

GOLD price pulled back from $1,260 area as expected. Gold price could still move lower towards $1,240-45 area before the next upward move towards $1,280-$1,300. I do not see a deeper pullback at the moment at hand, so I will be waiting for an upward reversal that can come even this week. Gold price continues […]

In Asia, Japan will release the Flash Manufacturing PMI data, and the US will release some Economic Data, such as FOMC Meeting Minutes, Crude Oil Inventories, Existing Home Sales, and HPI m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.37. […]

When the European market opens, some Economic Data will be released,such as Belgian NBB Business Climate, German 10-y Bond Auction, and GfK German Consumer Climate. The US will release the Economic Data, too, such as FOMC Meeting Minutes, Crude Oil Inventories, Existing Home Sales, and HPI m/m, so, amid the reports, EUR/USD will move in […]

Overview: The market is still set trader around the daily pivot point of 0.9739. Yesterday, it continued to move downwards from the level of 0.9787 to the bottom around 0.9739. Today, the first resistance level is seen at 0.9787 followed by 0.9847, while daily support 1 is seen at 0.9691. The USD/CHF pair broke support […]