Prices broke above the 38.2% Fibonacci expansion at 1963.70, exposing the 1985.30-91.40 area marked by the 50% level and the July 24 high. A further push beyond that aims for channel floor support-turned-resistance at 1999.10. Alternatively, a turn back below at 1963.70 targets the 23...
The 2014 dollar rally had long been predicted, however a poor winter in the United States saw the currency falter in the first half of the year putting paid to these predictions. After a decent summer of gains we ask whether the USD is about to restart its stalled longer-term climb again...
Available indicators of Brazil’s economic activity during the 2014 FIFA World Cup are as poor as the performance of its national team during the tournament. As a number of Brazilian host cities shut down on the days when matches were played, economic activity fell across the country...
US DOLLAR TECHNICAL ANALYSIS Prices turned lower as expected, completing a bearish Evening Star candlestick pattern and hinting at further losses ahead. Negative RSI divergence bolsters the case for a downward scenario. A daily close below the 14.6%Fibonacci retracement at 10547 exposes the 23...
The S&P 500 rose during the course of the week, breaking the top of the previous week’s hammer. Because of this, it looks like we are heading back towards the 1990 handle, an area that can be used as a staging for the massive breakout that’s expected at the 2000 level...
According to the COT report, more and more NZD long positions were added in the futures market. However, that was possibly in anticipation of NZDUSD's performance as it touched a May, 2013 trend-line. NZDUSD hit a July, 2011 high and is on its way back down...
Fundamental Forecast for Pound: Bullish British Pound shows important risk of reversal Solid Q2 UK economic growth figures encouraging for GBP Upcoming UK CPI data could drive important volatility in the British currency...
Due to the tensions in the Middle East affecting surrounding countries most notably the Euro and Yen, the Dollar appreciated big time. With that in mind, U.S. economic data in general were pretty positive, which further drove up the prices over the last few weeks...
Friday marked a very strong sell-off after a supposedly very quiet week. The electronic auction-based trading replaced the silver fixing...
USDJPY Stays Range Bound R3 Resistance Sits at .9320 Market Breakouts Signaled Over .9335 USDJPY 30min Chart In the event that momentum subsides, the USDJPY may produce an environment conducive for a false breakout...
AUDUSD is reversing from the low, now trading well above 0.9300. In fact, rally from the low can be considered as motive wave that is part of a larger recovery...
I made a post a while back about going long on silver. These were originally posted over on my LinkedIn groups, but I have yet to port them over here. Let's start off with the update. The original post will follow that. Update: https://charts.mql5.com/5/441/xagusd-d1-international-capital-markets...
USDCHF hit new highs last week but then turned down very quickly. We however see prices reversing only down into a temporary corrective formation that is part of on-going trend. Notice that wave (iv) already retraced for 38...
BBR : BULLION MARKET LOOKS TO BE RANGE BOUND THIS WEEK, OVERALL INTRADAY TREND IS POSITIVE. EXPECTING A BOUNCE TILL $1320 - $1325 IN GOLD WHEREAS SILVER IS EXPECTED TO BOUNCE TILL $20.30 LEVELS POSSIBLY... TECHNICAL SUPPORT LIES @ $1301.50 IN GOLD AND $19.75...
The improving U.S. economy and the threat of an early interest rate hike by the U.S. Federal Reserve helped boost the USD/JPY in July. This developing trend is expected to continue if the U.S. economy continues to be supported by strong jobs and inflation data in August...
Fundamental Forecast for Yen: Bullish Bank of Japan disappoints, Japanese Yen relatively unchanged USDJPY posts largest move in four weeks The Japanese Yen rallied sharply a complete lack of market news. Why is this significant, and what does it tell us about the next moves for the USDJPY...
Fundamental Forecast for British Pound: Neutral All Eyes Are on the BOE Quarterly Inflation Report in the Week Ahead British Pound May Correct Higher Absent Major Dovish Rhetoric Shift The outlook for monetary policy continues to be the dominant driver of British Pound price action...
The Index (daily chart) has stalled after pulling back to a key uptrend support line extending back almost two years to late 2012. This pullback has brought the US equity index down sharply from its record high of around 1991 that was hit just two weeks ago in late July...
