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Ready for another leg lower. (By Yann Quelenn ) • USD/JPY is ready to push lower. Hourly resistance is given at 113.75 (12/12/2017 high) while hourly support is given at 112.03...
Riding short-term downtrend channel. (By Yann Quelenn ) • GBP/USD continues to move lower within downtrend short-term channel. The technical structure indicates further weakness. Support is...
Consolidating above 1.1700. (By Yann Quelenn ) • EUR/USD's short-term bearish momentum has abruptly ended. Hourly resistance is given at 1.1961 (27/11/2017 high). Hourly support given at...
After the RBA kept the interest rate at the current level of 1.5% at the beginning of the month, the Australian dollar strengthened its decline. In the accompanying statement of the RBA it was stated that "interest rates correspond to the goals in relation to GDP, inflation...
EURUSD: The pair closed lower after reversing its earlier gains for the week. On the upside, resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1...
We make up a weekly medium-term trade list based on CFTC reports and technical analysis...
Chinese growth has been helped by credit growth in recent years. Companies' borrowing helped raise debt from 150 percent of the economy to 270 percent of the economy in 10 years. Data suggests that credit growth continues to be important. Off-balance-sheet lending has replaced bank lending...
After the deluge in central bank reporting of recent days, the coming week looks far less busy. The Swedish central bank may decide on a final extension of its asset purchase program on Wednesday, but this should have only a limited impact on the currency...
Hello, friends. Some time ago I promised to buyers of my Color Trend FX indicator to make an EA that trades by its signals. Today I want to present to your attention the first version of the Color Trend EA. This is only the first version of the EA...
First, a review of last week’s forecast: - The Christmas holidays simply cannot help affecting financial market participants. They are the reason most analysts expected EUR/USD to move in the rather narrow range of 1.1685-1.1900...
ETH Ethereum price surged from around $8 to $600 in 12 months this year. ETH Ethereum thus beat Bitcoin that only surged 1700% in 12 months. Which cryptocurrency will win in the long run? I have written a blog post on how Ethereum will win in the long run...
GBPJPY: The cross closed lower the past week leaving risk of more weakness on the cards. On the downside, support comes in at the 149.50 level where a violation will aim at the 149.00 level. A break below here will target the 148.50 level followed by the 148.00 level...
Against the backdrop of the newly emerging uncertainty around Brexit, the pound is declining during today's European session. Today, on the second day of the EU summit, its leaders ordered the UK to outline the prospects and goals of signing an agreement on mutual trade in the coming weeks...
The ECB meeting did not bring anything new on the table. The European Central Bank has held its rates unchanged and increased its forecast for growth for the next years. In addition, officials believe that the inflation won’t reach the target by 2020...
The Australian dollar extended gains for the fifth consecutive days after the Australian Bureau of Statistics (ABS) released a better-than-expected November job report. Although the unemployment rate held steady at 5...
14.12.2017 GBPUSD British Pound managed to jump above 1.3360-80 resistance yesterday which may spur advance to re-test downtrend line again around 1.3490-1.3500 zone. From that zone will expect another drop wave that may hit the market toward 1.3320-40 and 1.3220-30 zone. Above 1...
I am often asked how to trade using the levels of the All-in-One Trade (AOTI)? When we need to enter a position and when to get out of it? Today we learn all the rules of work with these levels...
As expected the Fed ends up its year by increasing rates to the window 1.25% - 1.50%. It is finally the third time in the year that the US Central Bank increases rates...
The Federal Reserve opened the ball yesterday by raising borrowing costs. The central banks’ show will continue today with the SNB, Norges Bank, CBRT and ECB. As widely expected the Swiss National Bank didn’t change anything to its monetary policy set-up...
