Bullish pause. (By Peter Rosenstrelch) ·Silver continues to strengthen as can be seen by the break of the hourly resistance at 16.87. Succession of higher lows continues to...
Success test of resistance. (By Peter Rosenstrelch) ·Gold has bounce successfully tested resistance indicating a challenge of support, Hourly support and resistance are given at 1282...
Despite the decision of the Fed to raise the rate and a statement of intent to further tighten monetary policy in the US, gold prices on Thursday reached the highest level for the month near the mark of 1309.00 dollars per ounce...
In my previous blog post I described several approaches for adapting EAs to trade on renko charts (based on custom symbols introduced in MetaTrader 5). All of them use custom symbols created by RenkoCharts product (free demo is available...
Chart:https://bi0l.blogspot.com/2018/06/gbpusd-intraday-forecast-technical-side_14.html (Side of bulls). For purchases, under the condition of forming a turn from (S1 / S2), goals may be (up H4 broken / key levels) with the breakdown option to (R1 / down D1 corrected) and then up (R2 / R3...
Chart: https://bi0l.blogspot.com/2018/06/eurusd-intraday-forecast-technical-side_14.html (Side of bulls). For purchases, with the condition of forming a turn from (S1 / up W1), goals may be (up H4 broken / key levels) with the breakdown option up to (R2 / down D1 corrected / R3). (Bear side...
Chart: https://bi0l.blogspot.com/2018/06/usdchf-intraday-forecast-technical-side_14.html (Bear side). For sales, if there is a rollback from (R1 / down W1 / R2), targets may be (down D1 broken / S1 / Key support levels) with breakdown option up to (S2 / up D1 / S3). (Side of bulls...
Chart" https://bi0l.blogspot.com/2018/06/usdjpy-intraday-forecast-technical-side_14.html (Bear side). For sales, if the turn is formed from (R1 / R2 / down W1), the goals may be (S1 / S2 / up H4 / S3). (Side of bulls...
GBPUSD: The pair faces further weakness as it closed lower on sell off on Thursday. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more weakness towards the 1.3050 level...
Published on Wednesday, disappointing inflation data contributed to the weakening of the pound and the fall of the GBP / USD. The consumer price index (CPI) in May grew by 2.4% compared to the same period of the previous year, as in April...
Chart: https://bi0l.blogspot.com/2018/06/gbpusd-intraday-forecast-technical-side_13.html (Side of bulls). For purchases, if the reverse roll formation (R1 broken / down D1 broken) and / or breakdown above (R2) can be targets (R3). (Bear side...
Chart: https://bi0l.blogspot.com/2018/06/eurusd-intraday-forecast-technical-side_13.html (Side of bulls). For purchases, under the condition of forming a (down D1 broken) and / or breakdown above (R1), goals may be (R2 / R3). (Bear side...
Chart: https://bi0l.blogspot.com/2018/06/usdchf-intraday-forecast-technical-side_13.html (Bear side). For stored items for sale, on condition of breakdown formation (up H1 tested / S1), goals may be equal (S2 / up D1) with breakdown option to (S3...
Chart: https://bi0l.blogspot.com/2018/06/usdjpy-intraday-forecast-technical-side_13.html (Bear side). For saved sales positions, if the breakdown is below (S1), targets may be (S2 / up H4 / S3) with the breakdown option up to (up W1...
GOLD: The pair still faces price consolidation risk as it looks for directional moves. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards the 1,270.00 level...
After Tuesday's meeting between US President Donald Trump and North Korean leader Kim Jong-Un, and also in anticipation of the outcome of the meetings of the central banks of the US and the Eurozone, the world stock indices retain a restrained-positive dynamic...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, June 13th...
Chart: https://bi0l.blogspot.com/2018/06/gbpusd-intraday-forecast-technical-side_12.html (Side of bulls). For purchases under the condition of forming a turn from (up H4 / S1), goals can be equal (Key resistance levels / down D1) with the breakdown option to (R1 / R2 / R3). (Bear side...
