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Now that the gold price has reached beyond 1118, as mentioned in my previous post, i would like to wait for this current candle to close...
Exactly the thing i was worried about, downward spike in gold price, i mentioned in my previous posts. I expect the price to retrace to 1118 before going down further or expect the current price level around 1113 to be a support for a bounce back to upward price movement...
Societe Generale is suggesting to be short with CAD and NZD. Short with CAD and NZD means the following: long USDCAD; long AUDNZD; long GBPNZD; short NZDUSD...
EURGBP: With the cross extending its weakness on Tuesday, risk of further downside pressure is likely. This development leaves support standing at the 0.7050 level where a violation will turn focus to the 0.7000 level. A break below here will expose the 0.6950 level...
Barclays Capital is continuing to make a forecasting and analysis for major pairs and for now - concerning weaker CNY with USDCNY pair...
Current trend This week the EUR/USD pair continued moving down amid the recovering demand for the US currency after the Yuan devaluation...
How to use VPS in better way VPS can play a key rule in your trading when using different kind of EA's. For getting more RAM means increasing your monthly budget and during running your OS and trading Terminals sucks a lot RAM and also increase OS usage...
Morgan Stanley is continuing to make a weekly forecast for the currency pairs making on technical analsysi, fundamental analysis and for some Morgan Stanley's expectation about what they want for us to do for example sorry...
H1 price is located between 100 hour SMA and 200 hour SMA: the price is trying to break 200-SMA from above to below for bearish market condition. The price is ranging within consolidating intermediate support/resistance levels which as 1.5595/1.5579 for the 1.5626/1...
US Dollar - "Aside from data and the long weight for a return to active sentiment fluctuations, there is another motivator that Dollar traders should keep tabs on as it is unusual active: reserve interest...
This decision is based on financial report for the first quarter of the 2015/16 financial year facing the dramatic decline of PC sales...
Daily price is located below Ichimoku cloud for the primary bearish market condition with secondary ranging between the following s/r lines: 1126.67 key resistance level located below Ichimoku cloud on the border with secondary ranging and bear market rally, and 1164...
As of now, it looks like the gold price is going to continue going up, hence closed the SELL order with profit of around $30. Even if it going to retrace down, probably it will do so only tomorrow...
GBP/USD Forecast Aug. 17-21 GBP/USD rebounded last week, posting gains of close to 100 points. The pair closed the week just shy of 1.5597. This week’s highlights are CPI and Retail Sales. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD...
GBPUSD: Having GBP reversed its Friday gains during Monday trading session, the risk is more weakness to occur. While holding below its cluster of resistance at the 1.5689/77 zone, further decline is likely towards the 1.5550 level where a break if seen will aim at the 1.5500 level...
Outer lowflationary powers keep on keeping UK expansion fundamentally frail, while locally created swelling seems to have been building up as of late, yet is still excessively feeble, making it impossible to counterbalance the impact of modest vitality and imports...
W1 price is located above 200 period SMA (200-SMA) and above 100 period SMA (100-SMA) for the primary bullish market condition with secondary ranging between 23.6% Fibo support level at 119.93 and Fibo resistance level at 125.85: two ascending triangle patterns were formed by the price with 125...
Paid the price of not waiting for the candle to close. Should have waited for the H4 candle to close before deciding on the trade. The gold price doing a double top at fibo level of 50...
It is time to make money Everybody wants to make money and the more, the better. People become traders in the hope of easy pickings and, as a result, it appears that it is hard work, requiring iron discipline and dedication for regular and stable income...
