EUR/USD: There is a sell signal on the EUR/USD pair. The EMA 11 is below the EMA 56 and the Williams’ % Range with period 20 is in the oversold area. Further bearish movement is anticipated, which may take the price towards the support lines at 1.0850, 1.0800 and 1.0750. A strong rally would render […]
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The index posted some limited gains on Thursday, closing the session without any major changes. The 200 SMA is still pointing that the greenback is poised to extend its profits in the short term, and the next resistance stands at the key handle of 100.00. However, a corrective move should lead USDX to test the […]
The pair plummeted to 1.2885 as the BoE kept rates and asset purchase facility unchanged at their May’s meeting. Overall, GBP/USD still steadies around the 1.2900 psychological level after the rebound from Thursday’s low. If that level gives up, then we can expect another decline to test the 1.2772, strengthening the bearish bias. H1 chart’s […]
We take a nice detailed look at EUR/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 the RSI to determine the best entry, stop loss and profit targets. Subscribe to me for […]
Let’s find out what’s moving and shaking among the 8 major currencies on this Thursday, 12th of May. Sterling/Yen was calm for hours, but a following slide has resulted in a loss of more than 1%, which is the day’s biggest move. Japanese economy watchers sentiment improved and Yen leads the table as US stocks […]
Mark Galasiewski, the editor of our Asian-Pacific Financial Forecast and contributor to Global Market Perspective, tells you what to make of the recent price action in Australia, Korea and Japan. Get more financial insights like these — 100% free. Just follow this link: http://www.elliottwave.com/wave/etv2016. Learn How the Wave Principle Can Improve Your Trading
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Price is now testing major resistance at 84.23 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) and we expect price to react off this level and drop towards 83.27 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below the 92% level where we expect a drop from. Correlation analysis: We’re expecting overall […]
Price shot up and reached our profit target perfectly before dropping strongly. This is a perfect example of putting profit targets at key levels. We now turn bullish above 0.6818 support (Fibonacci extension, Elliott wave theory) and look for a bounce towards 0.6874 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is approaching strong support […]
Technical outlook: The story continues from where we left yesterday. With another low in place at 1.0838 levels today, most probably the first leg seems to be over. As labelled here, EUR/USD might have just completed its wave (1) at a higher degree and it should resume its counter trend rally into wave (2) as […]
The morning session is over on this Thursday, so it’s time for the Dukascopy Midday Snapshot. Euro/Dollar’s biggest move measures at only 37 pips and the pair has attracted just close to half of the monthly average funds. Sentiment of the traders is neutral, 10% long. Rate movement has been generally flat and trading passive, […]
Friday brings the latest US inflation data, so let’s find out more. But first, there’s the closely watched preliminary German first quarter GDP, which is out at 6 AM. The economic growth picked up some speed at the end of 2016, but it still was smaller than anticipated. The final reading of German April CPI […]
Spot GOLD has seen a substantial 5% retracement since mid-April as it neared a significant resistance level at $1300. The French election outcome has lifted markets’ “risk-on” sentiment and resulted in safe heavens retreating which has weighed on gold prices. The FOMC meeting has left the door open for a June rate hike which has […]
Smoking Gun & Loewe
A smoking gun…& Loewe All this and more in today’s IT Industry catch up. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#212212 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 Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman Regardez […]
AUD/JPY has been trading in a bullish bias as it remained above 82.90 support level. Fundamentally, AUD is quite stronger than JPY that is displayed in the chart as well. Today Japan’s Bank Lending report was published with the unchanged score at 3.0% which was expected to increase to 3.2%. Japan’s Current Account report also […]
EUR/AUD has recently bounced off from 1.4880 resistance level after an impulsive non-volatile bullish trend. Today, Germany presented WPI report which revealsed a positive figure of 0.3%, better than the forecast for a minor 0.1% growth. ECB Economic Bulletin and EU Economic forecast will be published today in a few hours that are expected to […]
NZD/USD Intraday technical levels and trading recommendations for May 11, 2017
In December 2016, the NZD/USD pair was trapped within the depicted price range (0.6860-0.6990) until a bullish breakout occurred. 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 […]
GBP/USD analysis for May 11, 2017
Recently, the GBP/USD pair has been trading sideways at the price of 1.2920. According to the daily time frame, I found a fake breakout of 20 days high in the background, which is a sign tha buying looks risky. My advice is to watch for selling opportunities. The downward targets are set at the price […]
Find out what influence news reports have had on the spread levels by watching the primary Dukascopy Spike Controller. Point 35 pips is the long term average spread for the Euro/Dollar. Maximum separation has been just point 7 pips. The pair has traded in a total range of 40 pips and the biggest move was […]
USD/CAD intraday technical levels and trading recommendations for May 11, 2017
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 […]
USD/JPY analysis for May 11, 2017
Recently, the USD/JPY pair has been trading sideways near to the price of 114.00. According to the 4H time frame, I found a fake breakout of yesterday’s high at 114.32, which is a sign that buying looks risky. My advice is to watch for selling opportunities. The downward targets are set at the price of […]
EUR/USD: A bearish signal has been generated in the market. The EMA 11 has crossed the EMA 56 to the downside and the Williams’ % Range period 20 is already in the oversold region. This shows that the market is weak and there could be a pullback today or tomorrow, which may take price towards […]
The Psychology of Trading
The Psychology of Trading
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Discover The Psychology of Trading
Hi i am James and I would like you to join me as we discover trading. Today we will start looking at the Psychology of Trading with the hope that by the end of this video you will have a better understanding of some of the emotions that you will go through when you are […]
Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. Euro/Dollar sees 5 buy prompts in the short-term, whereas the mid and long-term scales turn neutral with 5 studies each. Bullish at more than 20% long, the interbank confirms the 1-hour models. Neutral signals prevail […]