US Dollar Forecast – US Federal Open Market Committee meeting leaves US Dollar and yields sharply higher US Dollar traders will almost certainly track changes in yields and interest rate expectations, and a key question is whether domestic economic data can continue to impress and send rates and...
Here comes Santa Claus….and the end of year rally in the equity markets. SPX prices are testing resistance in the 2067.90-79.60 area marked by the 38.2% Fibonacci expansion and the December 5 high. A daily close above this barrier exposes the 50% level at 2098.60...
D1 price is on primary bearish market condition with trying to break 1.2265 support level: The price is located below Ichimoku cloud/kumo with Senkou Span A line as the nearest kumo border Chinkou Span line broke the price for breakdown on D1 timeframe Nearest support level is 1...
What is an Inside bar? Inside bars are easily identified pricing patterns that can be found on virtually any chart. The pattern itself requires some simple technical analysis, which includes identifying a series of highs and lows on a daily chart...
Released at 8:30am EST in the fourth week of the month, the existing home sales report is designed to cover the number of existing homes closed during the previous month, and the average sales prices by region of the country...
The long term weekly outlook shows this pair testing a possible trend line. In the weekly image below, we have connected the latest two significant lows showing the possibility that the next two to three week's price will hit and possibly rebound from this trend line...
After 7 consecutive weeks down AUD/NZD is close to the lowest level this year 1.0483. Taking into consideration that this is also a multi year low readings below 1.0500 give us a chance for long entry. The stop must be placed around 1.0450...
Last week no orders were placed because of lower liquidity in the coming period. Because of this in the coming 2 weeks no positions will be opened because prices act different during periods of lower liquidity and it is not worth the risk...
My A Trend indicator shows that there is a tendency for sale. The strength of the USD currency is significantly higher AUD. Levels of support for the pair: 0.8144, 0.8120, 0.8081 Resistance levels for the pair: 0.8191, 0.8215, 0...
In the year 2014 a demo account was created and evaluated for the FxTaTrader Hybrid Grid strategy. The plan was to use the 4 Hour and Daily chart but after some testing it appeared that the Daily chart was more suitable for the trading method used...
With all the "talk" of diverging paths of monetary policy... one could be forgiven, if glancing at the chart above, for thinking the inevitable endgame of Keynesianism is very much at hand as first The BoJ, then The Fed, then Europe all enter ZIRP... and now NIRP...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published already this weekend. Besides this chart I also provide my weekly analysis on my strategy and the Forex ranking and rating list which is available 3 times a week on this blog...
Besides the Ranking and Rating list provided here I will also prepare this weekend the Weekly Currency Score list which will support my analysis for trading in the coming week which is then followed by my Review on the Hybrid Grid strategy...
Released at 8:30 am eastern standard on approximately the 15th of each month, the Consumer Price Index (CPI) is a measure of the changes in prices paid by urban consumers for a fixed basket of goods and services...
The US Dollar paused to digest below the 120.00 figure after posting the largest daily advance in seven weeks against the Japanese Yen. Near-term resistance is at 119.48, the 23.6% Fibonacci expansion, with a break above that on a daily closing basis exposing the 38.2% level at 121.91...
Generalising the opinions of 35 analysts from world leading banks and broker companies collected in a table as well as forecasts based on different methods of technical and graphical analysis, it can be concluded that… we are at the brink of Christmas and so the main currency pairs shall prefer t...
Dear friends and readers, As a rule, today’s forecast will contain information about how my last forecast worked out and forecast for the coming week (15-19.12.2014). Results of the last forecast The last forecast had worked for 57,14...
The 40% drop in oil prices over the past 6 months has garnered a lot of attention recently, most of it focused on the economic stimulus lower oil prices should provide the global economy, the impact on currency and fixed-income markets and the increase in economic pain suffered by exporters such...
Hi everyone I am a newbie and decided to try my hand at identifying some harmonic patterns can someone confirm if I have correctly identified a possible bearish cypher pattern forming on USDJPY 4H chart. Any help would be appreciated...
