1. Q2 2014 Advance GDP Price action should start to get interesting by Wednesday when the advance GDP report for the second quarter of 2014 is released. Due at 6:00 pm GMT, the report is anticipated to print at 3.1...
Trend lines are lines drawn on the historical price levels that predict general direction of where the marking is heading and provide indication of support/resistance. Drawing trend lines is a highly subjective matter...
Prices continue to advance as expected after putting in a Bullish Engulfing candle pattern at support set from October 2013. A daily close above the 23.6% Fibonacci retracement at 10456 has exposed a horizontal pivot at 10481. Pushing further beyond that targets the 38.2% level at 10513...
The NZD/USD pair fell hard during the course of the week, closing towards the very low of the range. This of course tells us that the market should continue to fall, but we see a significant amount of support in the neighborhood of the 0.85 level...
The USD/CAD pair initially fell during the course of the week, but as you can see we broke above the 1.08 handle finally...
The USD/JPY pair bounced during the week, to continue the consolidation that we have seen for some time...
Strong numbers, strong markets the recent escalation of various geopolitical crises could touch the DAX little. But even some worse than expected leading economic indicators from Germany left the stockbrokers cold. There could be good reasons...
Pressure from seller may drag gold to 1282 from 1310 at fibonacci resistance. This level is important, because there is 61.8 major fibonacci and 127.2 PRZ. If rejection happen from 1282, Bullish will continue to reach 1363 as major fibonacci target...
The Dow Jones 30 fell during the course of the week, but continues to grind sideways as the market is trying to break out above the 17,150 level, and seeing quite a bit of resistance in the process...
The S&P 500 went back and forth during the course of the week as you can see, really not settling much. The neutral candle tells us that we are still running in the significant resistance at the 2000 handle, which we see as a gateway to going much higher...
USDCHF bounced sharply from the lows few months back, and it seems that this bullish legs will now continue as latest retracement from the highs has unfolded in a corrective manner. We would not be surprised to see a rally through 0.9080 this summer and acceleration up to 0...
The NASDAQ tried to rally during the course of the week, but as you can see gave back most of the gains. In the end, we ended up forming a shooting star which of course is a sign of weakness, but we have enough support below that we do not feel that the market is ready to break down...
From daily chart, we can see there is two important level, Daily fibonacci support and double bottom. If there is a correction from support channel pattern, 138.16 will be maximum target. As long as this channel not break, gartley will continue perform to 135...
From Weekly timeframe, big triangle pattern perform and price reject from Major Resistance at 61.8 Fibonacci. If this pattern continue, 1.1621 Will be primary downtrend target for next few years. Fibonacci Level at 1.3220 will be first support level, and if this level break 1...
Fundamental Forecast for New Zealand Dollar: Bearish NZ Dollar Down to 6-Week Low on Eroding RBNZ Rate Hike Outlook Selling Pressure May Persist as US News-flow Triggers Risk Aversion The New Zealand Dollar proved to be the worst-performing currency last week, sliding over 1...
Estimated pivot point is at the level of 1.0706. Our opinion: Buy the pair above the level of 1.0706 with the target of 1.09 – 1.10. Alternative scenario: Breakout of the level of 1.0706 will enable the decline in the pair up to the level of 1.0650 - 1.0616...
Fundamental Forecast for Yen: Neutral Sentiment extremes suggest that the Japanese Yen may lose versus Euro These are the critical levels to watch for the USDJPY exchange rate The Japanese Yen remains in a miniscule trading range versus the US Dollar, but a jump in volatility suggests some predic...
