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Weekly price is on bullish market condition with the secondary ranging within the following key support/resistance levels: 100.39 located above Ichimoku cloud in the primary bullish area of the chart, and 92.62 located inside Ichimoku cloud in the ranging bearish area of the chart...
Gold going down to 1077. Expecting the gold price to 1077 and further below from this week. If this week's candle does not go below last week's low then there is a remote chance that the gold price might go up from next week...
GOLD: With GOLD taking back larger part of its past week losses to close marginally lower, further recovery could follow. While it holds above the 1098.00 level, its key support, our bias remains in the short term. On the downside, support comes in at the 1100...
USD/BRL: The downsides prevails. My preference: Short positions below 4000 with targets 3900 and 3800 in extension. Alternative scenario: Above 4000 look for futher upside with 4100 and 4200 as targets. Comment: Santo Indicator is red and below the band. It is evidence of bearish environment...
USD/BRL (Swing Trade) Bullish bias above 3800 and 3900. Our preference: Long positions above 3800 with targets at 4060, 4340 and 4700 in extension. Alternative scenario: Bellow 3800 look for futher downside with 3700 and 3500 in extension. Comment: Santo Indicator strong and above the band...
The bond market is not expecting the first Federal Reserve interest-rate hike in nine years until at least March...
EURUSD: Having EUR taken back almost all of its past week gains to close slightly lower, risk of a follow through to the downside is now developing. While the 1.1295/80 zone holds as overhead resistance, we look for weakness to occur. Support lies at the 1...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend. Besides this analysis and the corresponding chart I also provide the Forex ranking and rating list...
Besides the Ranking and Rating list provided here I will also prepare this weekend the Weekly Currency Score list which will support my analysis for trading in the coming week...
GBPJPY: The cross may remain weak and vulnerable to the downside but could head higher while holding above the 180.22/33 support area. Bull pressure is envisaged above that zone. On the downside, support comes in at the 181.00 level where a violation will aim at the 180.00 level...
First, a few words about the forecast for the previous week: - For EUR/USD the most successful forecast this time was given by graphical analysis, according to which the pair had to first go down to 1.1120 before returning to the resistance at 1.1210, which it did...
For global investors, 2015 appeared to be a year to forget, with stocks, commodities, currencies - all dressed in red and volatility hitting unprecedented levels. Even trifling gains in bonds are being wiped out by what little inflation there is in the global economy...
USDCHF: The pair failed to follow through higher on the back of its previous week strength to close lower on Friday. This leaves risk of more weakness on the cards in the new week. On the downside, support comes in at the 0.9644 level...
What is a successful Forex trading system? A successful system is one that allows you to make and retain profit, consistently over time. Every trader’s goals and situation is different, and this means you must define “success” based on upon your situation...
The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: We stay bearish and look for a move lower towards initial targets near 1.1085...
D1 price broke Ichimoku cloud together from above to below together with symmetric triangle pattern with good bearish breakdown: the price is located below Ichimoku cloud in the primary bearish area of the chart. Daily price was stopped by 1111.03 support level on the way to 1077...
I had mentioned about this price rise in the morning. https://www.mql5.com/en/blogs/post/650766 Now that the price has touched the trend line, expect the eurusd price to fall down, hence entered a SELL order. Do not see the possibility of the eurusd price going to 1...
Gold has begun the fourth quarter positively, rising after a disappointing U.S. jobs report, and the World Gold Council says there is still a case to hold the yellow metal and investors shouldn’t be so focused on the potential of U.S. interest rate hikes...
I had mentioned about this price rise in the morning. https://www.mql5.com/en/blogs/post/650754 Now that the price has touched the trend line, expect the gold price to fall down, hence entered a SELL order. Probably, it could go to 1143 before starting to fall down...
