Messy recovery bounce. (By Peter Rosenstreich) • Crude oil bounced hard back within range defined by support at 50.43 and the strong resistance lies at 52.86 (28/09/2017). Expected to...
Reversal ahead of resistance. (By Peter Rosenstreich) • Silver is again weakening and is now resting on support at 16.94. Hourly resistance is given at 17.46 (13/10/2017 high). Additional support can...
Fading bullish momentum. (By Peter Rosenstreich) • Gold remains weak as broken the support at 1284 confirms an underlying bearish trend. Strong support lies at a distance at 11267 then...
Sharp spike but resistance holds. (By Peter Rosenstreich) • EUR/CHF recovery bounce continues testing 1.1623 (15/09/2017 high). Support is given at 1.1388 (02/09/2017 low). Rising channel suggest...
Fading. (By Peter Rosenstreich) • EUR/GBP continues to bounce higher yet not important resistances have been broken (quick test). The pair is back below former resistance at 0.8899 (19/09/2017 low). Hourly support is given at a distance at 0.8746 (27/09/2017 low...
Drifting lower. (By Peter Rosenstreich) • AUD/USD broke out of sideways range by moving below support at 0.7821. Fading supply indicated a weak test of support at 0.7786. Hourly resistance is given at 0.7897 (13/10/2017 high). Key support lies at at 0.7733 (06/10/2017 low...
Preparing to challenge 1.2663. (By Peter Rosenstreich) • USD/CAD bullish drive suggest a challenge to 1.2663 horizontal resistance. Hourly support lies at 1.2331 (26/09/2017 high). Expected to show continued short-term bullish pressures within uptrend channel...
Pause in bullish momentum. (By Peter Rosenstreich) • USD/CHF has paused after breaking resistance at 0.9838. The technical structure suggests an improving short-term buying interest. Expected to show continued bullish pressures within uptrend channel. Hourly support stands at 0...
Bullish surge continues. (By Peter Rosenstreich) • USD/JPY jumped thru resistance located at 113.44. Next key resistance can be found at 114.49 (11/07/2017 high). Support is located at 111.12 (20/09/2017 low). • We favor a long-term bearish bias. Support is now given at 99.02 (10/08/2013 low...
Recovery bounce underway. (By Peter Rosenstreich) • GBP/USD has successfully tested support at 1.3155 bouncing strongly to resistance at (1.3228 reaction high). Hourly resistance stands at 1.3338 (13/10/2017 high). Key support can be found at 1.3122 12/10/2017 low...
Testing rising trendline. (By Peter Rosenstreich) • EUR/USD is resting on key support at 1.1758. Break will trigger bearish extension to strong support is given at a distance at 1.1662 (17/08/2017 low). Key resistance is located at 1.1878 (12/10/2017 high...
The dollar continues to strengthen in the foreign exchange market, and gold - to decline in price amid news and talk about the appointment of President Donald Trump the new chairman of the Fed...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, October 23rd The EUR/USD pair remains under bearish control on Monday, as continuing political uncertainty surrounding Spain and positive mood of the US dollar are limiting pair’s chances to recover its positions...
GOLD: The commodity reversed its previous week losses to close lower on Friday. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level...
EURUSD: With the pair seen closing lower the past week, more weakness is envisaged. Resistance comes in at 1.1850 levels with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level...
We make up a weekly medium-term trade list based on CFTC reports and technical analysis...
The soul of the expert advisor lies in its custom indicator. If the custom indicator gives high quality buy/sell signals, expert advisor will work like charm. Designing a custom indicator is the challenge that requires a lot of hard work however...
First, a review of last week’s forecast: - Last week, we were unwilling to give any forecast for EUR/USD pair. Our reluctance proved to be well-founded...
GBPUSD: The With a temporary bottom seen, we may see further recovery higher. Support lies at the 1.3150 level where a break will turn attention to the 1.3100 level. Further down, support lies at the 1.3050 level. Below here will set the stage for more weakness towards the 1.3000 level...
