July 23 2014 I have been talking about NZDUSD two days back and highlighted a three wave rally away from 0.8646 low to our members. This move is still in play with missing wave (c), final leg of a zigzag that may reach 0.8720/0.8750 resistance area from where a new sell-off would be expected...
EURAUD opens US trading below S4 A bias towards lower lows remains under 1.4257 A move above 1.4296 would signal a potential false breakout Price began to immediately drop, and move below trading range support at 1.4296...
The quantitative and qualitative monetary easing, or QQE, policy introduced by the Bank of Japan, or BOJ, to reach target inflation rates has been having its intended effects, BOJ Deputy Governor Hiroshi Nakaso said in his speech on Wednesday...
The Australian dollar rose to a more than one-week high against its U.S. counterpart on Friday, as disappointing U.S. consumer sentiment data weighed on the greenback, while investors reassessed the geopolitical situation in Eastern Europe and in the Middle East. AUD/USD hit 0...
EURUSD opens US trading below S4 pivot A bias towards lower lows remains under 1.3502 A move above 1.3512 would signal a potential false breakout The EURUSD has begun the US trading session beneath daily S4 camarilla pivot. Price began this drop by first falling below range support at 1.3512...
A close look at daily charts of BTC/USD shows that the digital currency is trading in a very narrow range on back of low volumes but has taken strong support at $609 which is also the monthly pivot level for the digital currency...
On the heels of a 2.1% loss for gold last week and news that hedge funds have gone way short, gold bugs could perhaps use some cheer. Enter analysts at Bank of America Merrill Lynch who say the worst days for the precious metal may be over...
The silver markets had a very strong showing during the course of the week, breaking above the $20.50 level. In fact, Thursday was a source of most of the gains, and it now looks like we are heading towards the $22 handle...
NZDUSD made five waves of decline from 0.8834 high, which has been high for the year so far. Well, this peak may stay there for some time now as impulsive decline like this confirms a change in trend...
The NZD/USD pair fell hard during the course of the week, breaking below the 0.87 handle. There is a significant amount of support below though, so we are not necessarily excited about shorting at this point...
The Dow Jones 30 rose during the course of the week as you can see, moving to the 17,000 area. This area is resisting, so we would believe that a move above 17,000 on a daily close would be enough to get the longer-term traders involved as well...
The S&P 500 rose during the course of the week, breaking out to a fresh new high. Because of this, we are very bullish of the S&P 500 and believe that we will eventually hit our longer-term target of 2000...
The NASDAQ rose during the course of the week, using the 4300 level as work. We closed at the very top of the range, and although you could make an argument for a “double top”, we feel that the market has enough momentum underneath to continue going higher...
The silver markets fell during the course of the week, as the market formed a red candle for the first time in over a month. That being the case, the market looks like it could pull back a little bit, but would find significant support at the $20 handle...
The Nikkei initially fell during the course of the week, but found the ¥15,000 level to be supportive enough to push the market higher. We broke above the ¥15,200 level, an area that we had pointed out as resistance previously...
The S&P 500 pulled back initially during the week, but found significant support just below the 1960 level...
Fundamental Forecast for Australian Dollar: Bearish RBA Minutes Spark Renewed Deterioration in RBA Policy Expectations Aussie Dollar Weakness Likely as Post-FOMC Price Action is Unwound The Australian Dollar stumbled after three consecutive weeks of gains, failing to mount a sustained push above...
EURCAD starts week trading at R3 Resistance Range targets sit at 1.4485, S3 pivot support The EURCAD has begun the week, trading near short term R3 resistance...
GDP is one economic model among several that could serve the purpose, but its use conveniently leads to policies that reflect the thinking of a particular school of economic monetary and fiscal policy advocates...
Continuation: 11. The Bonfire of the Vanities (1990) is an American comedy-drama film adaptation of the best-selling novel of the same name by Tom Wolfe, originally serialized in Rolling Stone...
