Search Results for: Dukascopy
GBP/USD confirms resistance 1.6222/14
April 24th, 2014
Pair’s Outlook Although at first it seemed as if the resistance at 1.6822/14 is about to be breached, later in the day the bears moved GBP/USD away from the Feb high. But, unless the price falls beneath the nearest ...
USD/JPY bounced off 102.82/72
April 23rd, 2014
Pair’s Outlook The currency pair is currently retreating from the resistance zone consisting of the monthly PP and 100-day SMA. The immediate support is represented by the 20 and 55-day SMAs, but USD/JPY is likely to decline deeper, to ...
USD/ JPY ‘s rally halted by monthly PP
April 22nd, 2014
Pair’s Outlook Monthly pivot point at 102.72 turned out to be tough and unwilling to let the U.S. Dollar to advance further. Accordingly, we are likely to witness a bearish correction, which should be stopped either by the 55-day ...
EUR/USD breaches 55-day SMA
April 22nd, 2014
Pair’s Outlook Despite a plethora of ‘buy’ signals provided by the technical indicators on all relevant time-frames, the 55-day SMA failed to remain intact. This fact jeopardises the short-term bullish outlook we were inclined to believe in yesterday. Now ...
GBP/USD attempts to surpass Fed high
April 17th, 2014
Pair’s Outlook After an eventless beginning of the week GBP/USD soared 100 pips and it is already testing a cluster of resistances around the recent Feb high. Should the bulls gain an upper hand, the rally will be expected ...
EUR/USD supported by monthly PP
April 17th, 2014
Pair’s Outlook The latest downward momentum did not prove to be strong enough to push the price beneath the monthly PP. Instead EUR/USD seems to be recovering from 1.3816/15, which could mean a test of the down-trend resistance line ...
EUR/USD set to decline to 1.37
April 16th, 2014
Pair’s Outlook At the moment EUR/USD is testing the support at 1.3816/15 represented by the monthly and weekly pivot points. If this level is breached, the next significant concentration of demand is expected to be at 1.3787—20 and 55-day ...
USD/CHF rises to monthly pivot point
April 15th, 2014
Pair’s Outlook Despite the bearish outlook implied by the weekly and monthly technical studies, USD/CHF turned around ahead of the monthly S1 and it is now challenging the monthly PP. In case this resistance fails to contain the pair, ...
USD/JPY confirms support at 101.29/19
April 15th, 2014
Pair’s Outlook The support area around the level of 101.29/19 proved to be of great significance to the market, as it has once again prevented further depreciation of the U.S. Dollar. Now, after a small rebound, USD/JPY faces a ...
GBP/USD may re-test Feb high
April 15th, 2014
Pair’s Outlook Though the Cable has just encountered the Feb high, the sell-off from this level turned out to be short-lived. Accordingly, if the weekly PP at 1.6704 stays intact today, there will be an elevated chance of a ...
