A new downward momentum in #Gold led quotations close to the bulls' last line of defense - the lowest level since February 2010. Its breakout will open up unlimited prospects for further reduction. Find out more by checking out the Source Link...
#USDJPY #quotes drifted into the area of the current support line of the current uptrend. This retracement takes place within borders of a clearly designated channel, indicating the formation of "flag". Find out more by checking out the Source Link...
We don’t have a specific trade idea coming into the session, however we will be watching the German, French and EZ GDP prints for a possible opportunity if they all come out negative which will likely pressure the EUR and continue to build on the sentiment for additional ECB easing...
Weekly price is on primary bearish market condition with the ranging within 0.7381 resistance level and 0.6907 support level: The price is located to be far below 100 period SMA (100 SMA) and 200 period SMA (200 SMA) for the primary bearish condition...
FOMC members and Yellen confirmed the possibility of December's rate hike. Meanwhile, Mario Draghi hinted again at the possibility of the ECB asset purchase program expanding. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Industrial Production for September m/m (final): +1.1% m/m the preliminary was +1.0% prior (August) was -1.2% Industrial Production (final, September, D'uh :-D ) y/y: -0.8% y/y preliminary -0.9...
W1 price is above 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the primary bullish market condition with the secondary ranging within the following key support/resistance levels: 2134...
Strong Consumer Demand Needed to Make Case for Interest Rate Hike in December A day ahead of the release of the U.S. retail sales figures six Federal Open Market Committee (FOMC) members delivered speeches that were seen as hawkish, dovish and something in between...
GBPJPY: The cross could be headed lower after failing to break and hold above its resistance at the 187.68 level. This development left the cross printing a rejection candle suggesting further bear pressure. On the downside, support comes in at the 186...
The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF and AUD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: We are bearish and look for a move below our initial downside targets near 1.0660 to confirm downside traction...
I had mentioned about the possibility of EUR/USD following the upward retracement of gold price. https://www.mql5.com/en/blogs/post/654261. Even though the gold price went below the last week's low, i still haven't closed the BUY orders...
I had mentioned about a retracement in gold price in my recent posts. https://www.mql5.com/en/blogs/post/654260. Even though the gold price went below the last week's low, i still haven't closed the BUY orders...
The price is located to be above Ichimoku cloud and Senkou Span line which is the virtual border between the primary bullish and the primary bearish on the chart. Price is breaking resistance level at 123.26 from below to above for the bullish breakout with 125.85 as the next bullish target...
Trading recommendations and Technical Analysis – HERE! Speaking at a conference of the Fed, Janet Yellen did not comment on the prospects for the economy or monetary policy in his welcoming speech. However, trading on the US stock market started down...
USDCAD: The pair reversed its intra day losses to trigger its trend resumption during Thursday trading session. This price action now leaves USDCAD targeting more bullish offensive towards the 1.3350 level. A break of here will open the door for more strength towards the 1.3400 level...
It was in May 1994 when the U.S. Federal Reserve last increased its borrowing costs when its European counterpart added a stimulus measure. What will happen if the same takes place in December? Some analysts predict euro-dollar parity...
Weekly price is on primary bullish market condition for the ranging within 1.3456 resistance level and 1.2830 support level: The price is located to be far above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) for the primary bullish condition...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/CHF, EUR/GBP, and NZD/USD. EUR/USD: For today we would sell rallies towards 1.0780, with a stop above 1.0800, targeting 1.0710. USD/CHF: We think rallies towards 1.0080/1...
