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The Gartley Pattern The Gartley pattern was outlined by H.M. Gartley in his book Profits in the Stock Market, published in 1935. Although the pattern is named "The Gartley," the book did not discuss specific Fibonacci retracements...
The Royal Bank of Scotland estimated the pairs with bearish and bullish market condition for this week. For example, they are suggesting to sell EUR/USD, EUR/JPY and EUR/GBP: "We push back our first Fed tightening view to March 2016 and square EUR/USD shorts...
euro has now trend line toward up words but still it looks can have rest period in like that chart trend line we need to wait untill bottome trend support line again...
Gold futures were almost unchanged, while West Texas Intermediate oil futures fell sharply on Tuesday, as market participants looked ahead to fresh weekly information on U.S. stockpiles of crude...
On Tuesday the euro slid to two-week lows against the firmer dollar after comments by some Federal Reserve officials overnight signaled that a U.S. rate hike is still on the cards this year...
Despite gold's corrective pullback Monday, analyst at ETF Securities Mike McGlone says gold may be setting itself up for further gains post the Fed decision...
US Dollar - "Relative gains on monetary policy divergences is still the most active fundamental driver in the FX market. However, the greatest potential for volatility and momentum rests with the more elemental investor sentiment theme...
The Australian dollar edged higher against its U.S. counterpart on Tuesday, after the release of upbeat house price data from Australia. Meanwhile, the New Zealand dollar was also higher recovering from the previous session's sharp losses...
H4 price broke Ichimoku cloud to be reversed to the primary bearish market condition trying to break 1.1171 key support level from above to below on close H4 bar for the bearish breakdown to be continuing. Chinkou Span line crossed the price from above to below for good breakdown...
AUDUSD: A follow-through lower on the back of two rejection candle formations on Monday has cleared the way for more weakness in the days ahead. On the upside, resistance lies at the 0.7150 level. A cut through here will turn attention to the 0.7200 level and then the 0...
Ichimoku analysis. Weekly price is on ranging market condition within the following key s/r levels: 42.18 key support level located far below Ichimoku cloud in the bearish area of the chart; 69.57 key resistance level located inside Ichimoku cloud in the ranging bullish area of the weekly chart...
One of the great advantages of trading currencies is that the forex market is open 24 hours a day (from 5pm EST on Sunday until 4pm EST Friday...
The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: Selling interest ahead of resistance near 1.1475 has encouraged us to adopt a more bearish view...
Ichimoku analysis. Weekly price is on ranging market condition floating to be inside Ichimoku cloud on the border between the primary bullish and the primary bearish trend on the chart. The key reversal s/r levels for the price to choose the direction are the following: 2132...
Gold futures turned lower on Monday to fall from the highest level in nearly three weeks as the U.S. dollar and global equity markets rebounded from a brutal selloff in the prior session in wake of the Federal Reserve’s decision not to hike interest rates...
The Bat Pattern The Bat pattern is a precise harmonic pattern discovered by Scott Carney in 2001. The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0...
Analysts at Goldman Sachs predict the S&P 500 will rise to 2,100 by the end of this year, partly because of the Federal Reserve’s decision last week to keep interest rates unchanged, near zero...
Current trend Last week, the GBP strengthened significantly against the USD amid a decline in investor demand for the American currency and favorable labor market and retail sales statistics, released in the UK. On the contrary, the US published weak construction and key indices data...
Ichimoku analysis. Weekly price is on bearish ranging market condition within 1077.19 key support level and 1170.06 key resistance level. Both levels are located to be below Ichimoku cloud in the bearish area of the chart...
