W1 price is on primary bearish with secondary ranging market condition: 200 period SMA and 100 period SMA are located above the price for bearish and moving in almost horizontal way for ranging between 1.4550 support level and 1.5819 resistance level: The price is ranging between between 1...
US Dollar - "Looking at the docket over the coming week for cues and milestones, we have plenty of big ticket items. The problem is that they may not hit the correct pitch...
W1 price is on primary bearish located below 200 period SMA and 100 period SMA with ranging market condition between 1.0520 support level and 1.1466 resistance level: The price is ranging between between 1.0520 and 1...
US DOLLAR TECHNICAL ANALYSIS Prices found interim support and mounted a cautious recovery after declining to a two-week low. A daily close below the 38.2% Fibonacci retracement at 11887 exposes the 50% level at 11839. Alternatively, a rebound above the 14...
Daily price for this pair was on bear market rally since the beginning of last week: price crossed Senkou Span B line and came to the Ichimoku cloud for ranging. For now - D1 price crossed 'reversal' Senkou Span A line and came to the primary bullish zone on close daily bar with 2...
2015-06-03 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Trade Balance] past data is -51.4B forecast data is -43.9B actual data is -40.9B according to the latest press release if actual > forecast (or previous data) = good for currency (for USD in our case...
Weekly technical analysis here is based on closing market prices until the end of last week (May 29, 2015), and is intended as a reference for the medium and long termtrading. EUR/USD: Daily chart: a bullish correction is likely to occur: 1...
The euro skidded 0.8 percent to around $1.0892 on Monday after Greece missed a self-imposed Sunday deadline to reach a deal with its lenders to unlock crucial aid. An agreement is seen as key for Greece avoiding a debt default and dodging a potential exit from the euro zone...
Daily price was on secondary correctional movement within the primary bulish trend for the last week. The price came to inside Ichimoku cloud/kumo, and it was stopped by 1.0818 support level and started to be ranging between 1.1325 resistance level and 1...
Daily price was on good breakdown for the last week: the price broke key support levels incl Ichimoku cloud and came to the primary bearish zone on this timeframe. D1 price was stopped by 1180.13 support level near 'reversal' Senkou Span A line on the way to downtrend...
US Dollar - "Interest rate forecasting has proven the most tangible motivator for fundamental traders these past months, but it is not the only game in town for price and volatility. Risk trends should not be underestimated for its heavy influence over the market...
A marked downward revision in the preliminary 1Q U.S. Gross Domestic Product (GDP) report may drag on the greenback and spur a near-term rebound in EUR/USD as the Federal Reserve looks to carry its zero-interest rate policy into the second-half of 2015...
D1 price is on breakdown for trying to cross 1185.50 support level for the breakdown to be continuing. The price is reversed from the primary bullish to the primary bearish market condition on close D1 bar...
Tenkan-sen line is located above Kijun-sen line of Ichimoku indicator with 1.1061 support level on D1 timeframe with a good signal to be crossed it from above to below for possible ranging correction to be continuing...
Tenkan-sen line is crossing Kijun-sen line of Ichimoku indicator from below to above with 1.2255 resistance level on D1 timeframe indicating good possible breakout...
Fundamental Forex fundamental centers mostly around the currency’s interest rate. Other fundamental factors are included such as Gross Domestic Product, inflation, manufacturing, economic growth activity...
From my last post in BTCUSD where I highlighted a rally pattern, the time expired but there is a NEW signal emerged...
As part of a new initiative to remain active, I have decided (and will try) to post weekly market briefs. I know this blog is dedicated towards technical analysis and trading off of market psychology, it is still important to be aware of where the market is headed...
Daily price was on bearish ranging market condition since the middle of April this year located inside Ichimoku cloud/kumo. The reversal from the primary bearish to the bullish condition was started on Friday last week by breaking Senkou Span A line from below to above on close D1 bar...
US Dollar - "Finally, it is always wise to keep tabs on the general quality of risk trends. Though the correlation to equities, volatility levels and other traditional measures of ‘risk’ have waned; they would be quickly restored by a jolt of concerted panic or greed that shot through the market...
