When the European market opens, a batch of economic reports will be released such as ECB Financial Stability Review, Flash Services PMI, Flash Manufacturing PMI, German Ifo Business Climate, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, French Flash Manufacturing PMI, and German Final GDP q/q. The US will also post […]

In Asia, Japan will release the All Industries Activity m/m. The US will also release some economic data such as Richmond Manufacturing Index, New Home Sales, Flash Services PMI, and Flash Manufacturing PMI. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance […]

EUR/USD: The EUR/USD pair went upwards yesterday, testing the resistance line at 1.1250. There could be some temporary pullback after this, but price is expected to continue heading upwards, going above the resistance line at 1.1250 and going towards another resistance line at 1.3000. The resistance line at 1.3000 is the ultimate target for this […]

Overview: The market opened below the daily pivot point (0.9739). 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 which turned to strong resistance […]

Overview: The NZD/USD pair continues to move upwards from the level of 0.6942. Yesterday, the pair rose from the level of 0.6942 (the level of 0.9866 coincides with a ratio of 50% Fibonacci retracement) to a top around 0.7000. Today, the first support level is seen at 0.6942 followed by 0.6913, while daily resistance 1 […]

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 […]

USDX continues to show weakness in the market, as the support zone of 96.90 has been reached during Monday’s session. That’s the latest hurdle before testing the next key area of 96.25. There are no signs of a further trend change in the short term, but we cannot discard yet a rebound towards the 97.41 […]

Dukascopy Forex TV Team is back with this week’s first edition of the FX Movers and Shakers. Kiwi Dollar has been on a rise against the Buck and the pair has appreciated by point 9%, which is the day’s biggest move. US stocks have opened in the green as Donald Trump heads to the G7 […]

We take a nice detailed look at AUD/JPY and see if there are any trading opportunities for us to make some juicy pips! We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and RSI to determine the best entry, stop loss and profit targets. Subscribe to me for more […]

Price is about to find major resistance below the 83.09 resistance (Fibonacci retracement, horizontal overlap resistance, Elliott wave theory) and we expect a strong drop from this level towards 81.77 support (Fibonacci extension, horizontal swing low support, Elliott wave theory).Stochastic (21,5,3) is seeing major resistance below the 93% where we expect price to continue to […]

Price has dropped and reached our profit target perfectly. We prepare to buy above 1.3503 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave theory) for a push up to 1.3641 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (34) sees strong horizontal support above our 36% level. Buy above 1.3503. Stop loss at 1.3419. […]

USD/CHF is expected to extend its downside movement. The pair is holding on the downside. The downward momentum is further reinforced by the declining 20-period and 50-period moving averages. The relative strength index is mixed to bearish. On the economic data front, the economic calendar lacks first-tier economic reports from the US. In Europe, the […]

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NZD/USD is expected to trade in a higher range. The pair recorded higher tops and higher bottoms since May 19, which confirmed the bullish outlook. The upward momentum is further reinforced by the rising 20-period and 50-period moving averages. The relative strength index is mixed to bullish. To conclude, as long as 0.6930 holds on […]

GBP/JPY is expected to trade with a bearish outlook. The pair broke below a declining trend line, and is holding on the downside. The rising 50-period moving average is playing a resistance roles and maintains the downside bias. The relative strength index is below its neutrality level at 50 and lacks upward momentum. As long […]

USD/JPY showed a great amount of bearish pressure last week that is also expected to continue this week as well. Today, Japan released Trade Balance report which revealed a trade surplus of 0.10 trln Yen, down from the forecast for a 0.25 trln surplus. The worse-than-expected trade proficit affected JPY today and the pair is […]

You’re watching this week’s first Midday Snapshot report where we`ll see how the sentiment of the traders compares with the actual rate movements. Euro/Dollar was flat for hours, but a late rise puts the pair point 28% in the green at noon. Turnover is average and neutral sentiment of the traders is leaning towards the […]

Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.

A new trading week is underway and time for us to provide you with the benchmark interbank price data. Euro/Dollar’s long term average spread is point 38 pips, but spreads have been calmer during the past 4 hours. Maximum separation has been 1.1 pips. The pair retreated from the high of 1 1210, declining by […]

You’re watching this week’s first Midday Snapshot report where we`ll see how the sentiment of the traders compares with the actual rate movements. Euro/Dollar was flat for hours, but a late rise puts the pair point 28% in the green at noon. Turnover is average and neutral sentiment of the traders is leaning towards the […]

EURUSD has been in non-volatile bullish trend after bouncing off from 1.0850. Today, this pair has shown a good amount of bullish pressure as the Eurogroup’s meeting is taking place today among 19 member states of the eurozone. The meeting will co-ordinate their initiatives and decisions for the overall economic health in the eurozone. Currently, […]

Tuesday brings, among other things, the latest purchasing managers Indices, so let’s find out more. First up, there’s the final reading of German first quarter GDP, which comes at 6 AM. According to the preliminary estimate, the German economy has grown at the fastest pace in 4 quarters. Swiss Trade Balance for April comes at […]

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1246. According to the 30M time frame, I found broken Friday’s high at the price of 1.1210. Buyers are in control on this currency pair. My advice is to watch for potential buying opportunities. I have placed Fibonacci expansion to find […]

Recently, the USD/JPY pair has been trading sideways at the price of 111.40. Anyway, I found a supply trend line, which is holding very well. My advice is to watch for potential selling opportunities. The short-term trend is still downward. Downward targets are set at the price of 111.05 (Friday’s low) and 110.25. Resistance levels: […]