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The real news for Silver prices is all about sentiment: Are Silver Traders “Way Too Bullish”? See and hear the evidence… http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Learn How the Wave Principle Can Improve Your Trading

Overview GOLD is trading above 1,279.00 after the negative pressure that appeared yesterday. This keeps the chances for resuming the bullish trend. Importantly, the EMA50 continues to provide positive support for the price from below to protect ongoing trading within the bullish channel. This is displayed on the above chart. Therefore, the bullish trend will […]

Overview Silver price keeps its stability above the intraday bullish channel’s support. The price still needs to breach 18.30 level to confirm the continuation of the bullish trend on the intraday and short-term basis. In other words, the price needs to surpass the negative pressure that was formed by the EMA50 to ease the bearish […]

Peak Coal Production, Consumption and Employment in the U.S. has come and gone. A return to those peak levels will not occur. Prakash Sharma, Wood Mackenzie. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#210861 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 […]

GOLD price made a sharp move lower yesterday below $1,280 and almost reached our first target of $1,270. The inability to break above $1,293 pushed prices lower as we expected. Gold could continue even lower towards $1,250-60 but my overall longer-term view remains unchanged and bullish. Gold price decline stopped at the 38% Fibonacci retracement. […]

Wave summary: The falling channel from 1.5486 is still defining the price action here. As long as the resistance line near 1.5317 is holding firm, we still could see more downside pressure towards 1.4990 to complete wave ii. Otherwise a direct break above 1.5317 will indicate that wave ii is already completed with the test […]

Wave summary: EUR/JPY has already broken above short-term important resistance at 116.55 and also the resistance line from 122.88 confirming that an important low was seen with the test of 114.82 and a new strong rally to above 122.88 and 124.09 should be expected in the coming weeks/months. Short term, a break below minor support […]

GOLD price has stopped rising from $1,230 at $1,290-95 area where the long-term resistance is found. A pullback is justified towards $1,270 at least but this will happen only if we break below $1,280. Blue line – trend line support Gold price is trading above the Kumo cloud and is making higher highs and higher […]

Trump has launched a military strike against Syria and job growth slowed down sharply in the US, so let’s see where this puts the 8 major currencies on this week’s last trading day. Sterling/Canada is the mover of the day with a decline of point 69% as the pair rose from the daily low. Canadian […]

Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.

You’re watching the Midday Snapshot where we take a look at how the market participants have performed over the 12 hours to midday on this week’s last trading day. Euro/Dollar has had a slow day, declining by only 38 pips and attracting just close to half of the monthly average funds. Sentiment of the traders […]

Wave summary: We continue to expect support seen at 1.5149. It will be able to protect the downside for a break above minor resistance seen at 1.5347, which will confirm that wave [v] higher towards 1.5570 and likely even closer to 1.5790 to complete the first impulsive rally from 1.4495. R3: 1.5458 R2: 1.5385 R1: […]

Wave summary: We continue to look for a final decline into the 116.83 – 116.99 area from where a new impulsive rally in wave (v) is expected. A break above minor resistance seen at 118.43 and, more importantly, a break above resistance at 118.80 will confirm that wave (iv) has completed and wave (v) to […]

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 further advance toward 0.7250-0.7350 (Sell-Zone) […]

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 […]

Let’s see which news releases could shake up the currency rates on Monday, the 10th of April. This is the Economic Calendar. Australian Home Loans for February will be available at 1:30 AM. Loans have been growing for the past 3 months, beating forecasts of a down cycle. Canadian Housing Starts for March follow at […]

GBP/USD has been in a corrective structure and still has not provided any hint for upcoming moves of this pair. Today GBP Manufacturing Production report was published. It came negatively at -0.1% which was expected to be at 0.3%. Goods Trade Balance report was also published at -12.5B which was expected to be at -10.9B […]

It’s time for this week’s last primary Spike Controller, providing you with the benchmark interbank price data for the 3 non-cross majors. Euro/Dollar’s long term average and maximum spreads are point 37 and 1.1 pips respectively. The pair has been moving gradually lower from the high of 1 0676, declining by a total of point […]

NZD/USD is currently in impulsive bearish pressure with a volatile trend. This week NZD has not had any high-impact event except for ANZ Commodity Prices which was published at 0.4%, previously which was at 2.0%. Today is a big day for USD currency pairs, as Non-Farm Employment Change is going to be published today. It […]

Technical outlook: The EUR/USD pair continues to drift sideways for now trading at 1.0630 level. Please note that a minimum retracement is seen at Fibonacci 0.382 resistance which is passing through 1.0730/40 levels as presented here on the 4-hour chart. The pair has kept us waiting for the entire week for a counter trend rally […]

Recently, the USD/JPY pair has been trading sideways at the price of 110.65. According to the 4H time frame, I found breakout of downward channel and potential double bottom formation, which is a sign that selling looks risky. My advice is to watch for potential buying opportunities. To confirm double bottom formation, I would like […]

GBP/JPY is under pressure. The pair is under pressure below the key resistance at 138.35, which should limit the upside potential. The 20-period moving average crossed below the 50-period one, which indicated a negative signal. The relative strength index is below its neutrality level at 50. Therefore, as long as 138.35 is not surpassed, expect […]

Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level 1.2415. According to the 4H time frame, I found successful re-test of the upward channel (distribution), which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The first downward target is set […]

The price is now above major support at 1.0800 (Fibonacci extension, horizontal support, and bullish divergence) where we expect a bounce up to at least reach the 1.0896 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above the 3.3% level and also displays bullish divergence vs. the price which signals that […]