When it come to finding proper support and resistance levels I found many years ago that Three Line Break is on of the best charts that could help me. The first chart here is the Dow Jones chart. as we can see there the price line is testing now its previous support level around 17200...
I had mentioned in my previous post that the eurusd price would reach 1.14. I expected that the price might retrace from that level to 1.11. But looking at the key fibo numbers, ZZ and chart patterns, i believe that the price could reach 1.170 by this weekend. Any retracement to 1...
I had mentioned in my previous post that the gold price would reach 1142. I expected that the price might retrace from that level to 1117. But looking at the key fibo numbers, ZZ and chart patterns, i believe that the price could reach 1170 by this weekend...
Weekly price is on bearish market condition located below of 100-period SMA (100-SMA) and below 200-period SMA (200-SMA) for ranging within key levels: the price is ranging between 0.8541 resistance and 0.7233 support levels; ascending triangle pattern is fomed with 0...
Credit Agricole estimated G10 currency performance concerning post CNY devaluation movement, and they found that EUR is the best performer: "It appears that the latest development decreased expectations of the Fed considering higher rates as soon as in September...
USDCHF: With USDCHF turning lower on a strong sell-off on Wednesday, it now faces further corrective weakness in the days ahead. On the downside, support comes in at the 0.9700 level. A turn below here will open the door for more weakness to occur towards the 0.9650 level and then the 0...
Weekly price is on bullish market condition with above of 100-period SMA (100-SMA) and 200-period SMA (200-SMA): the price is on primary bullish condition - price is crossing 1.3102 resistance level for 1.3213 as the bext bullish target; ascending triangle pattern is fomed with...
Pound forecasts from Goldman Sachs suggest gains of 12 pct lie ahead. Those hoping for a higher pound sterling will welcome news that the entrenched uptrend will continue...
#Gold rallies in the #CommodityMarket, but #Copper is near 6-year lows. #PreciousMetals are influenced with the yuan devaluation by the People's Bank of #China. Find out more by checking out the Source Link...
Current trend On Tuesday, the USD/CHF pair resumed its growth after some correction in the US against its major competitors. As a result, the pair reached its highs since the end of March...
Mining Stocks Are Taking a Beating. Glencore Plc drove a worldwide droop in mining shares on concern China's choice to downgrade the yuan will sap interest for products. Glencore, the mining and things organization drove by extremely rich person Ivan Glasenberg, tumbled 7...
Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA ranging between key s/r levels: the price crossed 1.1215 support level on close weekly bar for the 1.0807 as the next target to the way to 1.0461; descending triangle pattern was fomed with 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, August 12th AUD/USD has declined to 0.7264 affected by yesterday’s massive yuan devaluation and today’s downbeat data from China...
Oil dropped to the most reduced level in right around five months in New York as a recuperation in Iranian generation pushed OPEC supplies to the most elevated in over three years. West Texas Intermediate prospects fell as much as 4.4 percent...
On Wednesday People's #Bank of #China has weakened the yuan again, so this factor continues to influence financial #markets. Thus, #AUD and #CAD are declining, as well as the Asian #StockMarket. Find out more by checking out the Source Link...
GBP/USD: ranging within refined level. The pair is ranging in refined consoludating levels between 1.5329/1.4565 support and 1.5689/1.5929 resistance. The key levels here are the following: 1...
W1 price is located to be above yearly Central Pivot at 1237.48 and below S1 Pivot at 1082.97: The price is on bearish ranging between yearly Central Pivot at 1237.48 and S1 Pivot at 1082.97. The price is breaking descending triangle pattern from above to below together with S1 Pivot at 1082...
The important data will be published today in #China and the #UK. Statistics on the British labor #market may give #investors new reasons to discuss the possibility of BOE rate hike. Find out more by checking out the Source Link...
With the yellow MA locked above black MA in all time frames, except MN and confirmation from key fibo levels and ZZ, keeping my BUY order open as i expect the eurusd price to reach 1.142. It is interesting that gold also has a resistance level around 1142...
