Dukascopy Bank Team
Dukascopy Bank SA
Euro/Dollar’s short and long term technicals show mixed results. Mid-term chart has 4 neutral prompts. Interbank sentiment is bearish at 33% short. Pound/Dollar has 6 neutrals in the hourly chart. 4 studies point North in the mid term and daily chart shows mixed results. The more than 33% short interbank is bearish. Dollar/Yen has 4 green signals in the hourly scale. Mid term models are mostly neutral and daily range has mixed signals. Neutral interbank stance matches the 4-hour indicators. Pound/Yen’s short term models are mostly green. Mid term outlook is neutral and daily outlook shifts to bearish, which is matched by the 47% short interbank. Euro/Yen’s short and mid term technicals are mostly neutral. There are 4 sell and 4 neutral signals in the long term chart. The only 5% short interbank sentiment is neutral, just like the 1 and 4-hour models.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
Recommended Content
Editors’ Picks
EUR/USD holds above 1.0600 as focus shifts to Powell speech
EUR/USD fluctuates in a narrow range above 1.0600 on Tuesday as the better-than-expected Economic Sentiment data from Germany helps the Euro hold its ground. Fed Chairman Powell will speak on the policy outlook later in the day.
GBP/USD stays below 1.2450 after UK employment data
GBP/USD trades marginally lower on the day below 1.2450 in the early European session on Tuesday. The data from the UK showed that the ILO Unemployment Rate in February rose to 4.2% from 4%, weighing on Pound Sterling.
Gold price remains depressed near $2,370 amid bullish USD, lacks follow-through selling
Gold price (XAU/USD) attracts some sellers during the early part of the European session on Tuesday and reverses a major part of the overnight recovery gains from the $2,325-2,324 area, or a multi-day low.
XRP struggles below $0.50 resistance as SEC vs. Ripple lawsuit likely to enter final pretrial conference
XRP is struggling with resistance at $0.50 as Ripple and the US Securities and Exchange Commission (SEC) are gearing up for the final pretrial conference on Tuesday at a New York court.
Canada CPI Preview: Inflation expected to accelerate in March, snapping two-month downtrend
The Canadian Consumer Price Index is seen gathering some upside traction in March. The BoC deems risks to the inflation outlook to be balanced. The Canadian Dollar navigates five-month lows against the US Dollar.