Current trend On Wednesday, the Yen strengthened against the USD amid the publications of macroeconomic data form Japan and the FOMC Minutes. The deficit of the Balance of Trade in Japan for July amounted to 268.1 billion Yen, which was a lot worse than the previous figure (-70...
China's Newest Make-or-Break Level for Stocks Is Shanghai 3,500 In a Chinese securities exchange fixated on round numbers, 3,500 has developed as the most recent represent the deciding moment level for dealers attempting to gage the resilience of state backing...
W1 price is on primary bearish with secondary ranging: price was stopped by 1.3213 key resistance level. The price was formed ascending triangle pattern with 1.3213 resistance to be crossed for the bullish trend to be continuing...
EUR/USD: intra-day bullish; daily bullish reversal. The pair was fully reversed to the bullish market condition in intra-day basis: the price is located around 1.1188 resistance level for trying to break symmetric pattern from below to above for the bullish trend to be continuing...
Cautious Fed meeting minutes gave #bears in #USDJPY space to manoeuvre, as the pair had left boundaries of a rising channel. #EURUSD has also changed its direction not without a help of 50% retracement of growth in the first half of August. Discover more by checking out the Source Link...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, August 20th USD/CHF suffered considerable losses amid FOMC minutes not giving any clear indications on the rate hike timing...
EUR/CAD: bullish breakout. We expect this pair to be veresed to the bullish trend by breaking the last border of Ichimoku cloud to come to the bullish area of the chart. Yes, it may be good breakout. Key 'reversal' resistance level is 1.4641...
Yesterday's minutes of Fed's meeting disappointed #investors, but the #market has no time for reflection. Today the #USA is to publish a lot of important statistics. Some interesting data will be also released in Canada and the UK. Find out more by checking out the Source Link...
GOLD: The commodity rallied strongly on Wednesday leaving risk of further upside on the cards. This price development leaves bulls on the offensive towards the 1,147.00/1,150.00 area. Support comes in at the 1,126.00 level where a break will aim at the 1,110.00 level...
I really love inter-market Analysis as it gives me a better view for the big picture. This blog is about the correlation between Financial Sector and Currency Market. It is about a market phenomenon known as "January Effect". The first chart we have here is a monthly chart for the Dollar Index...
USDCAD: With the pair turning higher on price reversal during Wednesday trading session, risk of further move towards the 1.3212 level is developing. Resistance resides at the 1.3212 level followed by the 1.3250 level. Further out, the 1...
Since there were indications of price going down to 1.093, closed the BUY order on profit. Will have to wait and see the extent to which the price retraces down, to decide on the next action. If the eurusd price go lower than 1...
The gold price seems to have completed a double top at important fibo levels in multiple time frames. Moreover, a price retracement to 1101 or 1097 is due for quite some time now...
Now that the price has crossed last week's high, expect the gold price to continue going up. Strangely, the stop loss i entered, seems to have not been registered and the total loss was $300 instead of $200. The balance is at $600 and the equity is around $1400...
Current trend Yesterday, the British currency grew supported by the publication of favorable UK macroeconomic statistics. Later, when US data was released, US currency managed to gain back some of its losses, however, in general, a strong “bullish” potential in the pair remained...
We are holding our positions in #GOLD, #USDJPY, #EURUSD and #GPBUSD. The #market is rather high volatile before the Fed minutes publication, which may determine directions for many #Forex instruments. Discover more at Find out more by checking out the Source Link...
EURJPY: The cross remains weak and vulnerable to the downside with eyes on its support located at the 136.50 level. On the downside, support comes in at the 136.50 level where a break will aim at the 136.00 level. A turn below here will target the 135...
