Here’s the market outlook for this month: Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bullish May 9 saw the start of the current bullish bias. Price is currently sitting above the support level at 1270.00 and heading for the resistance level at 1280...
Gold has created an aggressive downtrend on the 4 hourly time frame and has retraced back to the 61.8% Fibonacci where it seems to be holding around resistance within the supply zone...
We are looking for EURUSD to complete a bat pattern for the next six (6) weeks. Before end of the month, we are looking for a test at 1.09000 level before it descends for a downturn trend to test 1.04000 level. My trend setup is to enter my first SELL order 1.09100...
THE 8 YEARS GOLD CYCLE FORECAST We noticed that there is a dominant cycle inside gold market, the 8 years cycle, that could really help us to forecast this market...
96.8% NZDJPY will close this Week with a Weekly Bullish Candle! NZDJPY currency pair formed a Double Top classic chart pattern, where first top (T1 on the chart) is 2016 yearly peak and second top (T2 on the chart) is 2017 peak until now...
USDCAD looks to have formed a double top on the 4 Hourly time frame. Should price break the neckline, we will be looking for shorts, bearing in mind the interest rate decision by BoC on Wednesday...
EUR/USD Outlook EUR/USD gained some momentum in the US session yesterday. This is due to an overall weariness of President Trump’s policies and his thoughts of a weaker dollar. The French election is also paying a role with the Euro weakness and I have a negative outlook on the pair as a whole...
1ASB forecast on next week trading day will be good enough to collect USD till thursday 9/2/2017 on thursday and late night wednesday we have to be carefull of becoming trending usd market pair on volatile market. xxx usd focus to sell and xxx usd focus 1ASB buy...
GBP/AUD is a good pair for swing trading. GBP/AUD gave a very good sell trade in the first week of 2017. Is the downtrend over? This is an important question. I have written this blog post in which I explain how to analyze GBP/AUD...
US Dollar Index is a measure of US Dollar strength weakness against a basket of six currencies. These six currencies are the EURO, YEN, POUND, CANADIAN DOLLAR, SWEDISH KRONA, SWISS FRANC. Surprisingly this basket of currencies does not include Chinese Yuan...
Talking Point: Technical Strategy: Bearish Elliottwave View: Bear count confirmed Analysis From our last December's analysis on NZDUSD (New Zealand dollar vs US dollar), nothing much changed. We are on bear trend count and able to break and trade outside corrective channel...
GBPJPY is always on a roller coaster. It can go up 300-500 pips in 24 hours. Then reverse and go down 300-500 pips in down direction. Read this post that analyses GBPJPY 800 pips move in just 2 days. When you trade GBPJPY always keep risk as low as possible...
US Non-Farm Payrolls Report also known as the NFP Report is very important for the market. NFP Report affects USD, US Stocks and the gold market. NFP Report basically releases the number of jobs that were added to US economy in previous month...
Market manipulation is a persistent problem in financial markets despite tough regulation. Market manipulation is done to mislead others and profit from their wrong investing decisions. Pooling, Churning, Stock Bashing, Pump and Dump, Runs, Ramping are frequently types of market manipulation...
When you trade currencies, its all about central banks. For example when you are trading USD/JPY, you need to keep an eye on the Federal Reserve (FED) and the Bank of Japan(BOJ). FED policy mandate is to keep unemployment and inflation below 2% level. Fixing unemployment stokes inflation...
Jarret Davis has been ranked as #2 in the world of forex trading by Barclays. This ranking is based on his past consistent trading performance for many years. You should watch this interview posted on my blog in which he reveals he did not get good education...
The joke doing the rounds is that it took three days for the market to recover from Brexit, three hours to recover from Trump and three minutes to recover from Italy. After some brief sharp weakness, as the referendum result came out, global markets have bounced back stronger than ever...
Successful traders can help you in making your trading more accurate. Traders World Magazine is a good magazine that I often read. You can download Traders World Magazine New and 40 previous copies from my blog...
It’s Election Day here in the U.S. and in a few hours, we’ll know who becomes the 45th President of the United States. Based on the strength of the U.S. dollar and the rally in U.S. stocks investors are banking on a Clinton victory. This has been one of the most dramatic U.S...
