It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. Euro/Dollar currently has the closest levels of 1 10 in resistance and 1 0970 in support. R1 is backed up by Price Channel Indicator Upper Line, a psychological level and 3 other studies. Bollinger Upper Band […]

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 […]

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 […]

EUR/USD: The EUR/USD pair moved sideways from Monday to Wednesday and then broke upwards on Thursday. Price is now close to the resistance line at 1.1000, and once it goes above it, it would go towards another resistance line at 1.1050 and 1.1100. Along the way, any show of stamina in the USD could send […]

Wave summary: The failure to extend the rally beyond 1.6020 does imply that an alternate count is unfolding. This count is even more bullish than our previous count, but it does call for a set-back to 1.5644 before higher again. If this count is correct that will most likely propel us right through resistance at […]

Wave summary: The extension has pushed EUR/JPY higher as expected, but not only to 124.06, but slightly higher to 124.30 before prices turned lower. The following break back below minor support at 123.60 indicates that wave A has just peaked and wave B is unfolding. The minimum target to expect in wave B is seen […]

USD/JPY is expected to continue its rebound. The pair is going on with its rebound which started at about 112.10 last Friday. Currently, it remains on the upside while being well supported by the 50-period moving average. The relative strength index continues to stay above its neutrality level of 50 showing no downward momentum. The […]

USD/CHF is under pressure as the key resistance is set at 0.9915. The pair stays below its resistance at 0.8490, and is capped by its 50-period moving average. Meanwhile, the 20-period moving average is still below the 50-period moving average, and the relative strength index is around its neutrality area at 50, lacking upward momentum. […]

NZD/USD is expected to trade in a higher range as the bias remains bullish. The pair is consolidating and has broken below its 20-period moving average. The relative strength index is below its neutrality level at 50. Nevertheless, the rising 50-period moving average is still playing a support role and maintains the upside bias. In […]

GBP/JPY is expected to extend its upside movement. The pair has been supported by a rising trend line, and also remains supported by its rising 20-period moving average, which has crossed above the 50-period moving average. And the relative strength index is still above its neutrality area at 50 and is well directed. As long […]

When the European market opens, some economic data will be released such as Sentix Investor Confidence and German Factory Orders m/m. The US will also present a few economic reports such as Labor Market Conditions Index m/m and Mortgage Delinquencies. So amid the reports, EUR/USD will move with low to medium volatility during this day. […]

In Asia, Japan will release the Consumer Confidence Index. The US will present few economic reports such as Labor Market Conditions Index m/m and Mortgage Delinquencies. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance 3: 113.30. Resistance 2: 113.09. Resistance 1: […]

Boris and Kathy Forex Weekly – 8/5/2017 – Majors It was a great week to be long U.S. dollars versus the Japanese yen and commodity currencies but long dollar trades struggled against the euro, sterling and New Zealand dollar. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-8-5-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA Find out more […]

Boris and Kathy Forex Weekly – 8/5/2017 – Commodity Dollars It was a great week to be long U.S. dollars versus the Japanese yen and commodity currencies but long dollar trades struggled against the euro, sterling and New Zealand dollar. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-8-5-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA Find out […]

Boris and Kathy Forex Weekly – 8/5/2017 – Crosses It was a great week to be long U.S. dollars versus the Japanese yen and commodity currencies but long dollar trades struggled against the euro, sterling and New Zealand dollar. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-8-5-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA Find out more […]

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The morning session is over on this Friday, and it’s time to look back at the rate movements. Euro/Dollar started moving lower after half past 4 in the morning, and the total loss reached point 21% by noon. Traded volume is in line with the monthly average, and the sentiment is neutral at 11% long. […]

Recently, the EUR/USD pair has been trending upwards. The price tested the level of 1.0991. According to the 15M time frame, I found a fake breakout of the yesterday’s high, which is a sign that buying looks risky. My advice is to watch for selling opportunties. I have placed Fibonacci retracement to find potential downward […]

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2959. According to the 15M time frame, I found a price spike after the Non farm employment change report. Anyway, I found a broken upward trendline and a fake breakout of yesterday’s high, which is a sign that buying looks risky. […]

Let’s see which news releases could move the currency markets on Monday, the 8th of May. This is the Economic Calendar. The second and final round of French presidential election takes place on Sunday, and the outcome, whatever that may be, is bound to move the Euro. Australian Building Approvals for March are out at […]

Overview The GBP/JPY price failed to settle above 145.45. It would be viewed as a good barrier against the bullish attempts that would provide sideways fluctuation. If stochastic surpasses the overbought level, it will make the price lose its bullish momentum in the current trading. As the pair is expected to trade in a sideways […]

Overview The EUR/JPY pair kept the bullish bias to reach 123.65 yesterday, that was influenced by the stability of the initial support at 122.00 level. The price might be forced to provide some sideways trading today due to stochastics’ attempt to surpass the overbought level, but the stability of the initial support makes us wait […]

Overview GOLD price has fallen under more negative pressure to fluctuate below 1,230.00 barrier now. This supports ta further decline on the intraday basis. We are still waiting for the 1,211.31 level to be tested as the next main target. Please note that the EMA50 keeps supporting the expected bearish wave. Therefore, we are waiting […]