Like most avenues you will take in life, you will need to become educated about the Foreign Exchange Market before you can actually master it...
The DAX fell hard during the previous week, testing the €9600 level. It is at this level though that we should start to see significant support come into play, and that support extends all the way down to the €9000 level, essentially making this a market that you cannot sell...
The Nikkei as you can see had a slightly negative week, but we still sit above the ¥15,000 level, a key support level in our opinion...
Fundamental Forecast for Pound: Bearish USDollar looks like a buy versus the Japanese Yen These are the key levels to watch on the USDJPY...
FundamentalForecast for Gold: Neutral Gold and Silver Surge On Safe-Haven Demand, Crude Looks To US Data Gold Jumps to Four-Month High Upward Momentum May Be Fleeting Gold prices are higher on the week with the precious metal up more than 1% to trade at $1335 ahead of the New York close on Friday...
Fundamental Forecast for British Pound: Neutral British Pound Rudderless After Non-Event BOE Policy Announcement June CPI May Disappoint, Trimming Rate Hike Bets and Sinking GBP Monetary policy expectations remain firmly in the driver’s seat for the British Pound...
The multiyear-ascent of Chinese corporations supports and reinforces China’s continued rise in the global economy, and has helped the country gain clout among world leaders like Angela Merkel and Vladimir Putin, who visited China recently...
Fundamental Forecast for Dollar: Neutral After a disappointing week for yields – despite robust commentary – rate forecasting will focus on Yellen’s testimony Volatility started to move off its historical and seasonal lows last week, but the dollar awaits a true turn Dollar Index continues to lin...
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The yen managed to gain some ground in a week that saw some fear return to the markets. What’s next for currencies? Public appearances from Yellen, Draghi and Carney, rate decisions in Japan and Canada and plenty of important US figures are the highlights of a busy week...
It was a rocky week for the stock market as the drop in the momentum stocks Tuesday caught many by surprise. The social media stocks bore the brunt of the selling with large drops in Twitter, Inc. (TWTR) and Facebook, Inc. (FB...
After success break channel up last week,. this pair stop at minor fibonacci support level. 1.3730 will be Target ABCD apttern, but pay attention on 1.3660 as resistance level. Weak of euro fundamental data make 1.3560 easy to break, if this happen, 1.3450 will be next bearish support level...
This pair trap in long consolidation area with huge range between 101.00 to 102.71, we can see small ABCD pattern already perform too with target at support level. As long as this pattern not break, next bullish target is 102.71 at resistance level. Bearish will continue only if 101.00 break...
if we see daily chart, solid channel up already perform for 1 years, with a good fibonacci ratio,.. if this channel still perform, next bearish target at 1.6875, and complete ABCD pattern at 1.7291 From the smaller timeframe, we can see this pair trap in consolidation area for a week between 1...
After break channel down last week, USDCAD find support level 1.0627, near major fibonacci support level at 1.0600. If bullish still continue,. best opening position will be around 1.0671 at CSR, or wait for small correction at fibonacci point. At this moment, bearish keylevel at 1...
The EUR/USD pair tried to rally during the course of the week, but as you can see gave back quite a bit of the gains in order to form a shooting star. Nonetheless, the market seems to be stuck between the 1.35 level as support, and the 1.37 level as resistance...
Bullish Channel up still perform with 0.8921 target. If there is a correction, best entry at fibonacci support level 0.8759, and ideal target at 0.8851. But if this pattern break,. Major fibonacci support will be next bearish at 0.8550...
My major plan for AUD is ABCD pattern, with 0.9550 target,.. 0.9440 will be a strong resistance point. (plan A) If the price bounce again from that level and break minor fibonacci support,.. my bearish target at 0.9216, but this scenario must break 0...
