DDMARKETS

DDMARKETS

EURUSD has been largely affected by inflation concerns. While central banks offered easing measures to combat the impact of covid19 on the economies, the risk for inflation increased. The market is still assessing the risks, which my trigger some volatility in basket of currencies. Regarding EURUSD, it may initially appear EURUSD may be positioned for corrective...

DDMARKETS Updated 

BTCUSD reached some support in the 60min chart. It may trigger some corrective gains towards the upper line (marked on the chart). To attempt timing the long trade, wait for the price to break above the current hourly high or wait for an hourly close above the lower line (support). The upper line (resistance) may provide a short entry in BTCUSD where the price...

DDMARKETS Updated 

President Trump is due to hold the first Presidential debate, which may trigger some volatility across global markets. EURUSD reached a 4hr resistance (60min chart is displayed). The trading signal strategy is to wait for the 30min close (which is in shortly at the time of this writing). The 30min close may trigger some EURUSD weakness towards 1.7113. Should the...

DDMARKETS Updated 

EURUSD reached a firm daily resistance. It is possible that the US data could trigger some USD strength, which will distance EURUSD from the resistance level. The highlighted levels on the chart may be used for stops and take profit. The technical setup is for experienced traders. It is worth noting that brexit and US elections will add to the market volatility...

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EURUSD posted some gains due in recent days due to the Fed Powell's speech at Jackson Hole (online speech). Powell affirmed the Fed will opt for average inflation while assuring rates will remain low. The new inflation framework weakened USD against a basket of currencies. The impact of the new framework may last for some time but due to the upcoming US elections...

DDMARKETS Updated 

GBPUSD reached a minor support on the 15min chart (marked in green), The lower support and resistance are marked in bue. Should GBPUSD post a 15min close above the green line we may see some corrective gains towards 1.3220. The analysis is intentionally kept simple. Most of the recent volatility across global markets is due central banks' monetary policies and...

DDMARKETS Updated 

EURUSD has been largely affected by the rising cases of covid-19 in the US as well as central banks' monetary policies. What has kept USD Weak is the US stimulus that is stuck due to disagreements between the Republicans and Democrats. Based on the 4hr Chart it appears we may see some USD strength as the upper resistance is holding. The initial target is 1.1830....

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There is a potential long entry (scalp) in USDJPY via the 15min Chart (lines highlighted). The break above the neckline (reversed H&S) may suggest some gains are due for USDJPY. It may also support our prior entry in EURUSD that was recently published. The potential target is 107.35, the support at 107.25.

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FX:EURUSD EURUSD reached a fairly firm resistance on the 30min chart as seen in the chart. The resistance has been tested on 4 different occasions and prevented EURUSD from climbing higher. The potential target is 1.1415.

DDMARKETS Updated 

EURUSD setup is fairly simple. There may be early indications for USD weakness prior to the Fed monetary policy. Based on the daily chart the price is expected to target 1.1044. The lower support may be re-tested (around 1.0980) when the monetary policy is released but is expected to hold. The analysis is intentionally kept short and simple.

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The US Dollar (USD) weakened on Friday on reports a short-term funding bill will re-open the US government for several weeks (at least). Based on the 15min Chart USDJPY may have reached its support (as highlighted on the char), paving the way for corrective gains. The potential target as well as the possible location of the protective stop are marked on the chart.

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The market was largely affected by Italy's proposed budget for 2019 although little activity was noted in EURUSD. Italy has decided not to alter its budget in its reply to the EU, however, in an event further selling in global indices take place Italy will be forced to modify the budget. EURUSD reached its resistance in the 30min chart. A firm break above...

DDMARKETS Updated 

EURUSD was boosted by Mario Draghi's remarks during Monday's session. The European Central Bank (ECB) governor expressed his content with wage growth and inflation but repeated rates may remain low beyond the summer of 2019. The trade tension between the US and China has been dominating the market for some time and it is expected to be the main theme in the Forex...

DDMARKETS Updated 

EURUSD suffered from moderate losses due the tension between Italy and the EU over Italy's 2019 budget. German exports were down in August, which added to EUR selling. There has been sharp rise in US treasury yields, which caught some traders by surprise. The US treasury yields may continue to dominate many currencies in the FX markets. The technical signal for...

DDMARKETS Updated 

Trade tension between the US and China are contributing to the recent USD strength at the time of this writing. New tariffs on China may lead to a retaliation, causing some nervousness in global markets. As a result the focus on the Non-Farm Payrolls (NFP) may be limited, however, some reaction is often seen when the US employment figures are...

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Theresa May is expected to give unusual statements in today's session, some suggesting it may be linked to National Security. The immediate reaction was GBP weakness to the news, Manufacturing data countered. Based on the 30min chart GBPUSD has found some support. However, it has attracted some buyers, we suspected stops are being accumulated around the green...

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NZDUSD is trapped in a 15min range at the time of this writing as shown on the chart. Scalpers may attempt to short and long NZDUSD off the resistance / support levels until one of the key levels gives way. Although scalping may be used our preference is to wait for a 15min close below the support (lower line), which may pave the way for stronger weakness in the...

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Aside the trade tension between the United States and China (reports suggest President Trump may impose new tariffs on China as soon as next week), political tension in Italy contributed to EUR recent weakness. EURUSD hourly signal is fairly straightforward. EURUSD reached its hourly support, failure to post an hourly close may lead to corrective gains in Euro...