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The price is on bearish reversal: the price broke Ichimoku cloud and 'reversal' Senkou Span line from above to below to be reversed from the primary bullish to the primary bearish area of the chart. W1 price is on breakdown with the bearish reversal: The price is breaking 1...
USDCHF: USDCHF continues trade above its major support the 1.0000 level, further strength is envisaged. This view remains above the mentioned support despite its price hesitation. On the upside, resistance resides at the 1...
Pre US Open, Daily Technical Analysis Tuesday, November 10, 2015 EUR/USD GBP/USD USD/JPY AUD/USD GOLD CRUDE OIL Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the downside prevails. Pivot: 1...
AUD/CHF: rally to reversal. This pair is on bearish market condition for the secondary market rally as the local uptrend within the bearish market condition. The price was stopped by 0.7164 resistance level and Ichimoku cloud for the rally to be continuing up to the bullish reversal...
Much has been told about how difficult it is to make money trading Forex. I've read many articles which say that 9 out of 10 traders blow up their accounts in the first few months. I don't know if this is true, as I've never seen any good study on this matter...
Goldman Sachs's chief U.S. equity strategist David Kostin and his team of analysts project that 54% of total spending amount will go into development activities such as capital expenditure, research and development, and mergers and acquisitions - up 3% compared to 2015...
AUD/USD: bearish breakdown. Morgan Stanley made a technical and fundamental forecast suggesting to sell AUD/USD especially related to stronger USD and Employment Change news event on Thursday. The price is on bearish market condition for the secondary ranging within 0.7381 resistance level and 0...
Trading recommendations and Technical Analysis As reported today, the International Energy Agency (IEA), by 2020 shale oil in the US will recover and rise to a new peak of 5 million barrels a day...
U.S. stocks opened in the red territory on Tuesday with the benchmark S&P 500 on track to post its fifth day of declines...
The dollar was widely supported on Tuesday, after last week’s strong U.S. jobs report raised the odds that the Federal Reserve hikes interest rates in December. Weak data on import prices in the U.S. hardly impacted the greenback...
Deutsche Bank explained 3 fundamental reasons for short GBP/USD: short-end rates of UK vs. US rate hikes, absent rate support and UK’s current account deficit since 2011. It is stated that "this mechanically implies the cross below 1.50." But there are 4 technical reasons to sell GBP/USD: #1...
Shares in Europe edged down on Tuesday due to a number of weakening factors, beginning with inflation in China and ending with moods in Portugal...
Click here to watch previous forecasts. DAX 15 min. chart - forecast checking DAX 1H chart - forecast checking Dow 15 min. chart - forecast checking Dow 1H chart - forecast checking...
This week, gold was trying to recover after hitting a 3-month low on Friday, hurt by a better-than-expected U.S. jobs report...
Trading recommendations and Technical Analysis – HERE! After entering the information about what OPEC does not want to reduce the volume of oil production, the oil price falls...
EURUSD: The pair’s attempt on the upside was rebuffed by the bears on Monday to close slightly higher. This development leaves the risk lower in the direction of its broader downside bias. We look for more weakness to occur towards the 1.0700 level. Further down, support lies at the 1...
The People's Bank of China said on Monday that it is allowing direct trading between the yuan and the Swiss franc, in an attempt to facilitate bilateral trade and investment...
The euro fluctuated on Tuesday as investors reflected upon how far a December interest-rate increase by the U.S. Federal Reserve is priced into foreign-exchange markets...
Trading recommendations and Technical Analysis – HERE! NFP data in the US in October, were significantly better than expected, increase the likelihood of interest rate rises in the US in December...
