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From fundamental point of view UBS made a forecast for EUR/USD based on fundamental news event which was yesterday: "The overall reaction to the FOMC decision yesterday has been relatively muted considering this was one of the biggest events of the year...
USDCAD: USDCAD took a nose dive after failing to follow through higher on its Thursday strength. This development leaves risk lower. Resistance resides at the 1.3100 level where a break will target the 1.3150 level. Further out, resistance comes in at the 1.3200 level where a turn lower may occur...
Gold prices surged to two-and-a-half week highs on Friday, boosted by a weaker U.S. dollar after the Federal Reserve decided to hold interest rates at this month's policy meeting...
United Overseas Bank made a forecast for EUR/USD concerning the movement of this pair for today and the beginning of the next week: "EUR/USD strong rally to a high of 1.1438/43 appears to be over-extended and further sustained up-move is unlikely." "Retest of 1.1438/43 is possible but 1...
The Bank of England may have to slash interest rates rather than raise them as its next move, as risks of continuous low inflation and crisis in emerging markets remain high, said BoE Chief Economist Andy Haldane...
“Now we will go back to the fretting about the Fed’s timing and the interim data, which will be sliced and diced,” said Liz Ann Sonders, chief investment officer at Charles Schwab in a note titled, “When Doves Cry.”...
Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders. News of the week: December or next year? And will global economic woes fade before the Fed decides to hike...
W1 price is located below 200 period SMA and 100 period SMA for the primary bearish for secondary ranging between Fibo support level at 0.9148 and Fibo resistance level at 0.9746: the price is ranging around 50...
H4 price is located below SMA with period 100 (100-SMA) and below SMA with the period 200 (200-SMA): the price broke 200-SMA from above to below on close H4 bar and stopped near 1.3068 key support level...
W1 price is located below 200 period SMA and 100 period SMA for the primary bearish with secondary ranging between Fibo support level at 81.99 and 61.8% Fibo resistance level at 91.42: the price is ranging between Fibo support level at 81.99 located far below 200-SMA and 61...
On Friday the dollar extended its losses against the yen in a fluctuating Asia trade, underscoring investors’ wariness over softness in the global economy and markets given the Federal Reserve’s decision to keep interest rates unchanged...
AUDUSD: AUDUSD took back all of its intra day gains to close lower on Thursday leaving risk of further move lower on the cards. With the formation of a pin bar, it faces the possibility of bear threats while holding below the 0.7275 level. On the upside, the 0...
W1 price is located below 200 period SMA and 100 period SMA for the primary bearish with secondary ranging between Fibo support level at 0.6084 and 38.2% Fibo resistance level at 0.6737: The price is ranging between Fibo support at 0.6084 and 23.6% Fibo resistance at 0...
Good morning everyone... Just a newbie view on EUR/JPY today. This pair is currently in ranging phase between highest price 137.44 and lowest price 136.56. We can see at this moment the price is still playing around the low 136...
Level 2 and level 3 set up of moving averages, fibo, zz and chart patterns indicate the improbability of a price rise...
Definition - What does Volume mean? Volume is a measure of the total value of a market move. Volume is used to gauge the strength or weakness of a particular trend. If a trend is accompanied by high volume, it is seen as a sign that the trend will continue for some time...
I had mentioned in my previous post https://www.mql5.com/en/blogs/post/649256 that the gold price might spike up to 1118, but the gold price went up till 1124...
The very grim truth in this world is “NOBODY KNOWS WHERE THE PRICE WILL MOVE”, so no matter how good we think our system is there is always risk involved and loss is just inevitable. That’s why risk management should be an integral part to our trading system/strategy...
