NZD/USD Technical Strategy: Flat Support: 0.8733, 0.8669, 0.8618 Resistance:0.8779-93, 0.8835-42, 0.8886 The New Zealand Dollar broke downward against its US counterpart, dropping to the lowest level in a week. Sellers are aiming to test support at 0.8733, the 23...
EURUSD has turned sharply to at the start of July, a move that can be considered as an impulse. Pair also took out the trendline connected from the lows which is a bearish signature for this pair if we consider that this line turned into a resistance...
The NZD/USD pair broke above the 0.88 level during the previous week, suggesting that a break out was in the process of happening. If we can break above the top of the range for the week, we believe that this market will continue to head towards the 0.90 level...
Q&A With Robert Prechter: Why Technical Analysis Beats Out Fundamental Analysis As the major stock markets turned down in late 2007 and then started to rally in March 2009, many people who believed in fundamental analysis have begun to question its validity...
USD/CAD pair bounced hard off of a trend line during the week, especially perpetuated by the move on Friday. The Friday move of course was brought on by an extremely horrible Canadian employment announcement...
The USD/JPY pair fell during the bulk of the week, testing the 101 level yet again. This level has been supportive for quite some time though, essentially the entirety of the year 2014. With that being the case, the market could bounce from here and that’s essentially what we expect...
The silver markets initially fell during the week, but found the $21.40 level to be supportive enough to turn things back around and form a hammer. We believe that the market will ultimately break above the $22 level, and if we get above there we go all the way to the $25 handle...
Analysis for July 15th, 2014 EUR USD, “Euro vs US Dollar” Probably, Euro finished ascending zigzag (D) of [B] in the form of ending diagonal triangle. In this case, price is expected to continue forming final descending zigzag (E) of [B]. Possibly, price is forming final descending zigzag (E...
Analysis for July 15th, 2014 DJIA Index Index continues growing up inside the fifth wave. Earlier price formed skewed triangle pattern inside the fourth wave. Most likely, after completing local correction, instrument will continue growing up towards new highs...
The US Dollar Index initially tried to fall during most of the week, but found the 80 handle to be supportive enough to turn things back around and form a hammer for the second week in a row...
Jaime Caruana, Chief of the Bank of International Settlements (BIS), the international finance watchdog, warns that debt mountain puts global economy into worse state than before 2008 crash...
Forex Trading is simply the trading of currencies from different countries Forex is acronym that is short for Foreign Exchange. This market allows business to deal in different countries and exchanging their currency for the currency needed in that country...
The S&P 500 did in fact fall during the course of the week, but found enough support near the 1950 level to turn things back around and form a hammer the looks a bit like a hammer...
The EUR/JPY started the week rallying, up from a price consolidation that ended last week. However, as we get ready for the 7/15 trading session, we should consider some technical signs that point to an imminent bearish attempt. Even if this theory is wrong, the reward to risk is favorable...
The NASDAQ as you can see fell during the course of the week, testing the 4350 level, but finding support there. The area was previously resistive, and the fact that it acted as resistance doesn’t surprises because of that...
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...
