Background: Weak Entry reason (1st trade): Low volume up bar on resistance, with weakness behind Close reason (1st trade): Demand signal Entry reason (2nd trade): Low volume up bar and failed test Following up on last week's post about Euro/Yen, upon reaching the resistance, this pair continued t...
In the Currency Strength table the NZD was the strongest currency while the EUR was the weakest. All the currencies are more or less at the same level as last week. The CAD remains strong for the last 2 weeks with a score of 7...
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: USD(5X) followed by the CAD(2X) with the GBP(2X). The weaker currencies are the JPY(4X) followed by the EUR(3X). A nice combination for coming week may be e...
On 19 Dec 2016 02:00 AM UTC, COSMOS4U AdMACD Indicator triggered a successful sell signal for GBPJPY currency pair at 146.845 under 10, 33, 4. The position closed on 19 Dec 2016 08:00 PM UTC at 145.405 and the profit was 0.98%. AdMACD parameters for GBPJPY on close were 10, 33, 4...
FX Calendar Thins Out Before Christmas, but Several Key Data Remain Talking Points: - BOJ meets, unlikely to change policy; in fact, BOJ will be happy with recent developments. - Inflation and growth data from Canadian important as BOC takes on dovish tone in recent weeks...
Dollar Bruised, but not Battered Just Yet The dollar and sovereign yields fell overnight while Asian shares printed a new monthly low as the market cashed in some of their recent bets on Trumponomics and the ‘reflation’ trade. This will be a light week on many fronts – liquidity and fundamentally...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, December 19th The EUR/USD continues to build recovery at the start of the week from its 14-year lows marked last at 1.0366 spot. Currently the main currency pair is trading above the mid-point of 1...
DAX Challenging Key Level What’s inside: DAX pushes higher 9 out of 11 days, no pullback, could change now that at key resistance Market at risk of a correction here, but not expected to be a sharp decline Long and short considerations...
BOJ weighing next action after Fed rate hike The USD is higher across the board after the Fed finally announced its much awaited rate hike...
On 14 Dec 2016 08:00 PM UTC, COSMOS4U AdMACD Indicator triggered a successful sell signal for NZDUSD currency pair at 0.71345 under 10, 230, 14. The position closed on 19 Dec 2016 05:00 AM UTC at 0.69795 and the profit was 2.17%. AdMACD parameters for NZDUSD on close were 8, 224, 16...
On 13 Dec 2016 01:00 AM UTC, COSMOS4U AdMACD Indicator triggered a successful buy signal for USDCAD currency pair at 1.31245 under 38, 77, 37. The position closed on 19 Dec 2016 03:00 AM UTC at 1.33366 and the profit was 1.62%. AdMACD parameters for USDCAD on close were 38, 79, 36...
GOLD: The commodity continues to hold on to its downside pressure as it looks to weaken further in the new week. On the downside, support comes in at the 1,120.00 level where a break will turn attention to the 1,110.00 level...
EURUSD: The pair continues to hold on to its downside pressure leaving risk lower in the new week. However, we could see a mild price recovery higher. On the down, support lies at the 1.0400 level where a violation will aim at the 1.0350 level. A break of here will aim at the 1.0300 level...
COSMOS4U published the new optimized AdMACD Indicator parameters for the 51stth week of 2016. Click here to check the new parameters of EURUSD, EURAUD, EURCAD, EURGBP, EURJPY, USDJPY, USDCAD, USDCHF, USDZAR, GBPUSD, GBPJPY GBPAUD, AUDUSD, AUDJPY, NZDUSD, XAUUSD, XAGUSD...
Pound Sterling's recovery from its post-Tory party conference lows has seemed nothing short of miraculous...
First, a few words about the forecast for the previous week, which has been almost 100% correct for all four pairs: - The final forecast for the EUR/USD pair last week was as follows: first a rebound to the resistance at 1.0650 and then a drop to the March 2015 lows in the 1.0460 area...
Weekly Trading Forecast: Year-End Flows Boost Volatility Risk US Dollar Forecast: Has the US Dollar Rally Gone Too Far? The US Dollar may retreat after surging to a 14-year high last week as traders mull a still-uncertain fiscal outlook at the heart of the narrative driving the currency upward...
We lower our 1M EUR/USD forecasts to 1.02 (1.05 previously) but maintain our 3M forecasts at 1.04, 6M forecasts at 1.08 and 12M forecasts at 1.12...
