GBP/JPY is under pressure as the key resistance is at 144.90. The pair is rebounding and broke above its declining 20-period moving average. Nevertheless, 144.90 is playing a key resistance role, which should limit the upside potential. The descending 50-period moving average is also playing a resistance role and maintains the downside bias. Even though […]

EUR/USD: There is a Bullish Confirmation Pattern in the EUR/USD 4-hour chart. Price has gone upwards by 250 pips this week, and it is currently above the support line at 1.1150, targeting the resistance lines at 1.1200 and 1.1250. Some fundamental figures are expected today and they may have impact on the market. USD/CHF: There […]

When the European market opens, some Economic Data will be released such as French 10-y bond auction and Spanish 10-y bond auction. The US will release the reports on natural Gas storage, CB leading index m/m, Philly Fed Manufacturing Index and unemployment claims. So, amid the reports EUR/USD will move with a low to medium […]

In Asia, Japan will release the preliminary estimates of the GDP price index while the US will unveil the reports on natural Gas storage, CB leading index m/m, Philly Fed Manufacturing Index, and unemployment claims. So there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: […]

Overview: The USD/CHF pair continues to move downwards from the level of 0.9893. Today, the first resistance level is seen at 0.9893 followed by 0.9948 as second resistance. Also, the level of 0.9787 represents a weekly pivot point for that it will act as major resistance/support in coming hours. Amid the previous events, the pair […]

Overview: As expected theNZD/USD pair keeps moving upwards from the level of 0.6557. Yesterday, the pair rose from the level of 0.6876 which represents a support to the top around 0.6461. Today, the first resistance level is seen at 0.6971 followed by 0.7014, while daily support 1 is found at 0.6876. According to the previous […]

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The index is extending its losses in the short term, as it tested the key support zone of 97.50 where bulls are trying to take a rest. If USDX breaks below there, then the doors could be opened to reach the next target placed around 96.90. Overall, the bearish outlook remains valid and corrective moves […]

The GBP/USD pair rallied on Wednesday following another sellers’ wave that hit the sentiment in the US dollar across the markets. Currently, GBP/USD is challenging the resistance zone of 1.2957, where a breakout should expose the next key area of 1.2984. Overall, the range is still untouched and the pair should consolidate above it in […]

Charts like this one show that markets can anticipate huge shifts in broad psychology: Another dangerous spike may be just around the bend.
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We take a nice detailed look at AUD/USD 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 has dropped and reached our profit target from yesterday for the 5th time in a row. We prepare to buy above 0.7379 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 0.7466 resistance (Fibonacci extension, Fibonacci retracement, Elliott wave theory). Stochastic (55,5,3) is seeing strong ascending support holding price up. […]

Price is above major support at 1.2861 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and we expect price to make a bounce above this level towards 1.2988 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is also seeing strong support above the 13% area where we expect further bullish action from. Buy above 1.2861. […]

Let’s find out what’s moving and shaking on the FX Markets at 3 PM GMT on this Wednesday. Dollar/Yen is the mover of the day with a decline of slightly more than 1% as the pair moved steeply down hours into the trading session. US stock indexes have opened sharply lower and Japanese Yen is […]

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This is the Dukascopy Midday Snapshot, where you can find out how the sentiment of the traders compares with the actual rate shifts during the morning session on this Wednesday. Euro/Dollar’s day has been calmer than usual – high and low difference is 41 pips, but the pair sees 34% more than typical funds. Sentiment […]

Technical outlook: The EUR/USD pair pipped us out yesterday and printed new highs 100 pips higher at 1.1122 levels. The pair might have completed wave (2) at a larger degree now and it is also seen to be testing a trend line resistance (not shown here) at the moment. We shall take a cautious approach […]

Recently, GOLD has been trading upwards. As I expected, the price tested the level of $1,248.84. The price is heading higher since the breakout of a flat base in the background. My advice is to watch for buying opportunities. The upward target is set at the price of $1,264.50 (Fibonacci retracement 61.8%). Resistance levels: R1: […]

Recently, the EUR/JPY pair has been trading downwards. The price tested the level of 124.54. Anyway, according to the 4H time frame, I found that yesterday’s low held successfully and that EUR/JPY is in a short-term uptrend. I added Bolinger Bands and price was rejected from the middle line, which is another sign of strength. […]

Recently, the EUR/JPY has been trading downwards. The price tested the level of 124.54. Anyway, according to the 4H time frame, I found that yesterday’s low held successfully and that EUR/JPY is in short-term uptrend. I applied Bolinger Bands, and the price rejecting from the middle line, which is another sign of strength. Watch for […]

EUR/GBP is currently showing a bullish rejection after breaking above the 0.8550 resistance level. GBP is quite stronger than EUR in light of positive fundamental data published in the UK today. UK Average Earning Index came in as expected at 2.4% which previously was at 2.3%. Claimant Count Change decreased to 19.4k which previously was […]

Dukascopy Forex TV Team brings you yet another primary Spike Controller, so you could check the fairness of your broker on this Wednesday. Point 35 pips is the long term average spread for the Euro/Dollar. Both of the sides were 1.1 pips apart during the last 4 hours. Euro has continued gaining ground against the […]

USD/CAD retraced towards 1.3600 after a surge towards 1.3800. The greenback is stronger than the Loonie on the back of some positive economic reports. Today we have the manufacturing sales report from Canada which is expected to be positive at 1.1% versus the previous reading of -0.2%. At the same time, the United States will […]

A volatile market, due to its unsteady nature is automatically viewed as a fearful enemy by many new traders but it implies many connotations which do not carry any truth. Before you love it or hate it, you must understand it. Volatility is the extent to which a market can be bought and sold at […]

You’re watching the Economic Calendar for Thursday, the 18th of May. Here’s a rundown of the most important news releases. UK Retail Sales for April are up first at 8:30 AM. The March data came in much weaker than expected, fully reversing a 1.7% gain the previous month. The closely watched weekly update on US […]