EUR/USD 1H Indicators Are Bullish [Video]

Dukascopy Bank Team Dukascopy Bank SA

These are the Friday’s Dukascopy Daily Trading Signals. Here's how the technical indicators line up Euro/Dollar’s short term technicals mostly point higher, but outlook shifts to neutral in the mid and long term charts.

Interbank sentiment is bearish at 17% short. Pound/Dollar’s short term models are mostly neutral. Mid term indicators show mixed results and there are 5 green signals in the daily chart.

Interbank sentiment is bearish, just like the daily signals. Dollar/Yen’s 1 and 4-hour models are mostly pointing South.

There are 6 neutrals in the long term, which is matched by the less than 10% long interbank.

Pound/Yen has 4 sell signals in the hourly scale. Mid term models are mostly neutral and daily indicators show mixed results. The only 10% short interbank is in line with the 4-hour studies.

Euro/Yen’s hourly indicators are mixed.

Mid term models are mostly red and there are 4 neutrals in the long term. Interbank stance is neutral, just like the daily studies. I’m Kiays Khalil and that's all for this week's last Daily Trading Signals, goodbye for now.

Author

Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

EUR/USD off highs, back to around 1.1900

EUR/USD keeps its strong bid bias in place despite recedeing to the 1.1900 zone following earlier peaks north of 1.1900 the figure on Monday. The US Dollar remains under pressure, as traders stay on the sidelines ahead of Wednesday’s key January jobs report, leaving the pair room to extend its upward trend for now.

GBP/USD hits three-day peaks, targets 1.3700

GBP/USD is clocking decent gains at the start of the week, advancing to three-day highs near 1.3670 and building on Friday’s solid performance. The better tone in the British Pound comes on the back of the intense sekk-off in the Greenback and despite re-emerging signs of a fresh government crisis in the UK.

Gold picks up pace, retargets $5,100

Gold gathers fresh steam, challenging daily highs en route to the $5,100 mark per troy ounce in the latter part of Monday’s session. The precious metal finds support from fresh signs of continued buying by the PBoC, while expectations that the Fed could lean more dovish also collaborate with the uptick.

Crypto Today: Bitcoin steadies around $70,000, Ethereum and XRP remain under pressure

Bitcoin hovers around $70,000, up near 15% from last week's low of $60,000 despite low retail demand. Ethereum delicately holds $2,000 support as weak technicals weigh amid declining futures Open Interest. XRP seeks support above $1.40 after facing rejection at $1.54 during the previous week's sharp rebound.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.