USD/CHF is expected to prevail its downside movement. The pair accelerated on the downside after breaking below the rising trend line, which emerged on May 9. The downward momentum is further reinforced by the descending 20-period and 50-period moving averages. The relative strength index is bearish and calls for a further drop. On the economic […]

This week has started with a bullish run for the US stock indexes, so let’s see where this puts the 8 major currencies. Euro/Yen has posted the day’s biggest move, which is a gain of point 69% as the pair started heading higher at 6 o’clock AM. Single currency leads the advancers and decliners table […]

NZD/USD is expected to trade with bullish outlook. The pair posted a rebound and broke above the 20-period and 50-period moving averages. In addition, the 20-period moving average crossed above the 50-period one. The relative strength index lacks downward momentum. Hence, as long as 0.6835 is not broken, look for a continuation of a technical […]

GBP/JPY is expected to trade with a bullish bias above 146.15. The pair is trading above the rising 50-period moving average, which is playing a support role and maintains the upside bias. The relative strength index is mixed with a bullish bias. Even though a continuation of the consolidation cannot be ruled out, its extent […]

Price is testing major resistance at 1.4810 (Fibonacci retracement, Fibonacci extension, bearish channel resistance) and we expect a drop from this level to at least 1.4693 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below the 97% level where we expect a drop from. Correlation analysis: We’re expecting overall EUR […]

Price has bounced up and reached our profit target perfectly. We prepare to buy above 0.7377 support (Fibonacci retracement, horizontal overlap support) for a further push up towards 0.7441 resistance (Fibonacci retracement, horizontal pullback resistance, Elliott wave theory). Stochastic (34,5,3) has made a bullish exit and sees further upside potential. Correlation analysis: AUD/USD has a […]

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

Technical outlook: The story continues from where we left last week where a counter trend rally was on cards. It materialized last Thursday, accelerated on Friday and looks to be terminating today. Longs positions, if taken should be done with profit bookings and trading should be on the short side now. The wave count also […]

Let’s take a look at the potential FX market moves scheduled on Tuesday, 16th of May. There are three items regarding the UK economy out at 8:30, including the high importance CPI for April. The 12-month inflation rate was 2.3% in March, unchanged from February. Producer prices for April is the second item published at […]

Dukascopy Forex TV Team is back with this week’s first Midday Snapshot. Euro/Dollar has been trending higher and rise puts the pair point 35% in the green at noon. Turnover is average and most of the market players have been forecasting the pair to head lower, sentiment is 14% short. The bullish rate movement has […]

The Euro and French stock markets moved lower this week as optimism faded after Sunday’s French election victory by Emmanuel Macron. Financial markets attention turned to economic growth and the challenges of implementing far reaching reforms in the French economy. The EURUSD initially rallied to 1.1020 at the weekly open, spurred on by relief that […]

Recently, GOLD has been trading sideways at the price of $1,228.00. According to the daily time frame, I found a broken sideways range today, which is a sign that selling looks risky. I also found hidden bullish divergence on the 2-period rate of change, which is another sign of strength. My advice is to watch […]

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 […]

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 […]

Recently, the USD/JPY pair has been trading sideways at the price of 113.50. According to the daily time frame, I found that price didn’t have power to break Friday’s low, which is a sign of strength. I also found that there is a flip from bearish to bullish on the 2-period rate of change, which […]

This is the main Dukascopy Spike Controller, where we provide you with the benchmark interbank price data for the first trading day of this week. Euro/Dollar’s daily average spread is point 4 pips and maximum separation of just point 8 pips was posted during the past 4 hours. The pair has been on a rise […]

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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 this week’s first Primary Daily Trading Signals. Here’s how the interbank sentiment compares with the technical models at 8 AM GMT. Euro/Dollar’s 1 and 4 hour charts are dominated by green indicators and 5 models are neutral in the long term. The close to 22% long interbank is in line with the 1 […]

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…

On Friday, U.S. data showed a smaller-than-expected 0.4%increase in April retail sales from the previous month, while a disappointing report on consumer prices raised concerns about the retail sector and the broader economy. As a result, the Dollar started the week on the defensive. Nevertheless, The Federal Reserve is widely expected to raise interest rates […]

Global macro overview for 15/05/2017: Important news regarding the Oil industry has hit the newswires this morning. Saudi Arabia and the Russian Federation support an extension of the agreement to reduce oil production by another nine months expiring in March 2018 “under current conditions”. Those are the two most influential countries in the oil market […]

It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. Here’s how our in-house model tests out on Monday. First up is the Euro/Dollar, which has the closest levels of 1 10 in resistance and 1 0920 in support. Price channel indicator upper line is one […]

Trading plan for 15/05/2017: Overall, there was a quiet trading session in Asia. The Shanghai Composite’s stock market is up 0.3% with generally positive moods. The Japanese Nikkei is down 0.2% under pressure of depreciated USD/JPY. The USD remains without direction, still feeling a slight disappointment with the US data published on Friday. On Monday […]

The Dollar index is following our path. Price bounced off the 98.60 area and found resistance and got rejected at 99.60 area. Our first target for a pullback was at the 99 level where we are right now. If the Dollar index is to reverse upwards, it needs to do it early this week and […]