I see a remote possibility of retracement to a price level 1160. Hence entered a BUY order of 0.2 lot size to safeguard the equity. If the price continues down, obviously there will be a small loss, but the prices retracing to 1160 poses more risk than the small loss in the price going down...
“An avalanche starts with a single snowflake that lands in just such a way as to disturb others, start a slide that gathers momentum, turns into a chute, and causes the entire snowpack to collapse,” James Rickards, bestselling author of "Currency Wars" and "The Death of Money", said in his latest...
“We expect gold/silver to remain weak over the balance of the year driven by our expectation of the Federal Open Market Committee hiking rates in September despite recent action by China to weaken the yuan,” RBC said in their recent report...
A downward correction is likely to continue. On the 4-hour chart, the price declined below the level of 138.00 (23.6% correction) and tested 23.6% arc for the short-term trend. If the price breaks it down, a further fall to 137.44 (38.2% correction) and 136.80 (50.0% correction) should follow...
We are very likely to receive a large #profit from our current position in #EURUSD. #Volatility in #USDJPY is increased amid panic in #stock #markets but #VistaBrokers analysts know how to act correctly in this situation. Find out more by checking out the Source Link...
GBPJPY: GBPJPY may have turned sharply lower on Monday but it now sees a reversal of that weakness with eyes on the 192.25 level. This present recovery is driven by its failure to follow through lower on the back of its Monday losses. On the downside, support comes in at the 189...
It was not a 1987 "Black Monday" yesterday, but it was definitely logged in record books. The U.S. media is putting the blame on China. However, CEO of Euro Pacific Capital Peter Schiff sticks to another opinion...
CAD/JPY: monthly breakdown. The price is on breakdown for all the timeframes by crossing key support levels from above to below. The only support level to be crossed for the breakdown to be continuing is 200 period SMA (200-SMA) value at 87.44 on monthly chart...
During the Asian #trading session #market sentiment slightly improved. Most regional #stock #indexes except #Shanghai Composite rose. Some #currency pairs changed their directions after yesterday's speech of Dennis #Lockhart. Find out more by checking out the Source Link...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, August 25th EUR/USD surged more than 2% amid Chinese equity sell-off. The pair reached its eight month highs at 1.1713 subsequently consolidating close to 1.1566. The U.S...
US Dollar - "Though it isn’t necessarily dependent on sentiment leveling out, a retrenchment in rate expectations would do better to pull speculative funds back to the Dollar if there isn’t a broad flight from all carry...
M5 price is located near SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) ranging for direction for the possible breakout or breakdown. The price is trying to break 200-SMA from below to above to come to the bullish area of the chart with 1.1614 as the key resistance level...
Today, the #IFO institute will release its indexes on #business climate, current assessment and expectations regards the German #economy. The #market will also look forward to see fresh statistics from the #USA. Find out more by checking out the Source Link...
Danske Bank is forecasting the ranging market condition for EUR/USD up to August 2016: the price will be ranging between 100 day SMA and 200 day SMA within 1.10/1.13 support/resistance channel: Pair Q3 September'15 Q4...
25th August' 2015 Today's EURUSD market trend looks like as sell trend. As per my analysis on H1 chart, market can give us a good back up against yesterday's strong uptrend. I am waiting to cross 1.1515 level, then I will take sell lot for next 50 pips target...
USDCAD: Resumes Medium Term Uptrend USDCAD: Having followed through higher on the back of its Friday gains, further bullishness is envisaged. In such a case, USDCAD will aim at the 1.3350 level where a break will target the 1.3400 level. Further out, resistance comes in at the 1...
NZD/JPY: bearish breakdown. The pair is on bearish breakdown for D1 timeframe, and for breakdown with reversal to the bearish - for W1 timerframe. The secondary correction is going on for monthly price right now with good possibility to the reversal to the bearish. The price broke 78...
Since the eurusd has reached the high of 1.168, which was the high of gold too, 1168.0, without any retracements, i expect the gold and eurusd prices to fall to its historic lows...
Last week, gold's rally started Wednesday afternoon as the market reacted to "dovish" minutes from the July FOMC meeting which indicated that some committee members were concerned what impact China’s slowing economy, as well as the global stock market selloff, could have on the U.S. economy...
