Pre European Open, Daily Technical Analysis Thursday, January 07, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the upside prevails. Pivot: 1...
Pre US Open, Daily Technical Analysis Wednesday, January 06, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: under pressure. Pivot: 1.0775 Most Likely Scenario: short positions below 1...
The gold price made a breakout above the short-term triangle pattern yesterday, but buyers were not strong enough to push the price towards $ 1,100. There is a high probability that gold is in a corrective phase since there is no clear upward impulsive moves seen...
Pre US Open, Daily Technical Analysis Tuesday, January 05, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: under pressure. Pivot: 1.0845 Most Likely Scenario: short positions below 1...
ilver is seen to be trading around the $ 14.00 levels for now looking to break above $ 14.10 before producing a meaningful retracement. The metal is still controlled by bulls until prices stay above the $ 13.65 levels from here on...
This could be because of the holiday period so be sure if you are playing the range bound market you see evidence of a reversal in price action before entering a trade either at support or resistance?. Enter your trade on a smaller time frame...
Pre US Open, Daily Technical Analysis Wednesday, December 30, 2015 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: under pressure. Pivot: 1.096 Most Likely Scenario: short positions below 1...
Looking at the AUD/USD weekly chart above we note that the currency pair was bullish for the week. It had since breached the middle bollinger band. *Dear readers. We are testing a new support model for our site. Please support us by completing a mini survey if it appears below...
The GBPUSD attempted to push lower last week bottomed at 1.4805 but whipsawed to the upside and closed at 1.4924. The bias is bullish in nearest term testing the trend line resistance and 1.5025 which is a good place to sell with a tight stop loss. Immediate support is seen around 1.4900...
The USDJPY had a bearish momentum yesterday bottomed at 122.29. The bias is bearish in nearest term testing 122.20 key support. A clear break and daily/weekly close below that area could trigger further bearish pressure testing 121.50 – 120.00 area next week...
The above is Daily Ichimoku chart. The candles seem to be supported by the Cloud. Thus I continue to be Bull with this pair. Let’s just keep adding more Long positions, move the stop to even, and see how it goes. At least we can enjoy the Swaps...
The USDCHF had another indecisive movement yesterday but slipped below 0.9880 support area as you can see on my H1 chart below. The bias remains neutral in nearest term probably with a little bearish bias testing 0.9800 – 0.9785 support area. Immediate resistance is seen around 0.9925...
So I remain to be Bull. In my opinion, it may be true that Kuroda is running out of his options. However, the basic fundamentals remain the same – Divergence of the Interest rate between USD and JPY. Also the current rise of USDJPY can be considered as USD Strength, rather than JPY weakness...
Daily Ichimoku chart of AUDJPY is very interesting. So I have to share my trade plan. The 2 candles in Daily chart are red, and now touching the top of the cloud. And I am hoping the cloud will serve as Support...
