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Daily price is on secondary rally within the primary bullish market condition: price broke one of Senkou Span line B of Ichimoku indicator to above for the ranging rally to be located inside Ichimoku cloud. The price is testing Senkou Span A line of Ichimoku indicator to above together with 1...
EUR/USD tested levels above 1.1300 during the past week, but failed to settle at highs. The single currency strengthened as traders were disappointed by the European Central Bank’s decision not to ease monetary policy...
Many institutional analysts wonder why would anyone buy gold notoriously known as a bad investment, paying no earnings, dividends or income of any kind. But the fans of this precious yellow metal have an axe to grind: gold tends to appreciate in times of crises of any kind...
US ISM services PMI showed dramatic decline of 4.1 points in August falling to 6-month low. This together with disappointing nonfarm payrolls and contraction in manufacturing hurt positions of the US dollar bulls. By the end of the week, however, American currency managed to recover...
There’s a possible “Doji” pattern, which has a strong confirmation. Also, the current “Three Methods” pattern is going to end soon. In this case, it’s likely to have an achievement of the nearest resistance in the short term. If we see a pullback from this level, bears are likely going to move on...
EUR/GBP rising inside intermediate impulse wave Next buy target - 0.8600 EUR/GBP recently reversed up sharply from the support zone lying between the pivotal support level 0.8350 (which also previously reversed the price sharply at the start of August), lower daily Bollinger Band and the 38...
NZD/CHF reached buy target 0.7220 Next sell targets - 0.7150 and 0.7100 NZD/CHF continues to decline – following the earlier downward reversal from the resistance zone lying at the intersection of the key resistance level 0...
On Friday, European stocks moved down, as the European Central Bank’s fresh policy decision disappointed market participants and as dropping crude prices weighed on the energy sector having risen steeply on Thursday. The EURO STOXX 50 decreased 0...
Wolfgang Schaeuble, German Finance Minister intends to move ahead with proposed tax cuts as soon as possible, while Chancellor Angela Merkel's ruling right-centre coalition might consider an initial tranche of cuts already next week, as the Bild newspaper disclosed...
Technical analysis The AUD/USD has found support at the current levels of 0.7600, 0.7595 (EMA144, EMA200 on 4-hour chart). In the event of breakdown of the nearest support level will be the level 0.7575 (EMA50 daily chart...
TRADING RECOMMENDATIONS Despite the current weak macroeconomic statistics the euro area and a clear threat of deflation in the region, the European Central Bank on Thursday left its monetary policy unchanged...
Technical levels: support – 1.3270; resistance – 1.3360. Trade recommendations: 1. Buy — 1.3270; SL — 1.325; TP1 — 1.3360; TP2 — 1.3420. Reason: a bullish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen but the strong support of Cloud...
Wolfgang Schaeuble, German Finance Minister intends to move ahead with proposed tax cuts as soon as possible, while Chancellor Angela Merkel's ruling right-centre coalition might consider an initial tranche of cuts already next week, as the Bild newspaper disclosed...
The price found a support at 1.3277, which led to the last upward movement. However, we’ve got a “V-Top” pattern, so the market is likely going to achieve the next support at 1.3247, which is strengthened by the uptrend...
On Friday, the euro maintained its upward trend against other key currencies after the European Central Bank left its monetary policy intact on Thursday...
The last upward price movement has been stopped by a resistance at 1.1324, so we’ve got a “Thorn” pattern. Therefore, the market is likely going to get a support at 1.1251 in the short term...
Technical levels: support – 0.7625; resistance – 0.7700. Trade recommendations: 1. Buy — 0.7620/25; SL — 0.7600; TP1 — 0.7700; TP2 — 0.7730. Reason: a strong support of Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen; narrowing bearish Ichimoku Cloud...
Technical levels: support – 1.1240/60; resistance – 1.1300/20. Trade recommendations: 1. Buy — 1.1260; SL — 1.1240; TP1 — 1.1320; TP2 – 1.1380. Reason: the prices are above the Cloud; a new golden cross of Tenkan-sen and Kijun-sen; a bullish Ichimoku Cloud...
In August China's consumer price inflation dropped to its weakest pace in almost a year, pulled down by abating food costs, though an encouraging moderation in producer price deflation contributed to surging evidence of a steadying economy...
Industrial production in Malaysia rose during the month of July, missing market expectations, helped by strength in the mining, manufacturing and electricity sectors. Industrial production rose 4.1 percent year-over-year in July, slower than Junes 5.3 percent climb. Economists had expected a 4...
