As you know, last Thursday, US President Donald Trump announced a number of measures aimed at reducing the US trade deficit with China by $ 100 billion from the current record level. "Our trade deficit with China, according to various estimates, ranges from $ 375 billion to $ 504 billion...
Technical Traders disregard fundamental analysis. According to them price reflects all available information. We should only look at the charts and make decision accordingly. After watching your patterns fail repeatedly you will start thinking what's wrong...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, March 27th The EUR/USD pair shows positive results for the third consecutive session, having tested its 5-week highs, located on the level of 1.2476...
EURUSD: The pair looks to follow through higher on the back of Monday strong gain. On the upside, resistance comes in at 1.2500 level with a cut through here opening the door for more upside towards the 1.2550 level. Further up, resistance lies at the 1.2600 level where a break will expose the 1...
Due to increased tension in trade relations between China and the United States, the demand for protective assets, in particular gold, has risen sharply. March gold futures on COMEX on the basis of trading rose in price by 1.7%, to 1349...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, March 26th The EUR/USD pair extends its Friday’s positive trend on the back of broad retreat of the US dollar...
WEEKLY OPEN AND GAP...
Originally posted on this link https://goo.gl/JJf5e8 I am bullish on gold based on a longer term view looking into Q4 2018 onwards. We could see gold reaching $1550/oz in early 2019 and even get to $1700 by the end of 2019 by studying the chart patterns...
WHO ARE DESTROYS TRENDS IN THE FOREX MARKET?IS IT A RETROGRADE MERCURY?The period of retrograde Mercury strongly affects the financial markets and other factors of human life. No wonder astrologers pay special attention to this phenomenon...
You must have Advanced Currency Strength28 and Pipfinite Volume Critical to run the Deviation EA. EA coder: Kashif Javed http://javedfxsolutions.wixsite.com/javedfxsolutions Deviation is defined as the distance between the base currency strength and the quote currency strength...
USDCHF: With the pair backing off higher prices to close lower the past week, more weakness is likely. On the downside, support lies at the 0.9450 level. A turn below here will open the door for more weakness towards the 0.9400 level and then the 0.9350 level...
First, a review of last week’s forecast: - EUR/USD has been in a sideways trend for the whole of March, with a slight predominance of bearish trends. This is exactly the kind of movement that was forecasted last week. Pressed by the bears, the pair tried to reach support at 1...
WEEKLY WRAP UP...
The newly exacerbated threat of the emergence of world trade wars provoked another decline in world stock markets. So, the US DJIA index lost 2.9% on Thursday, which was its worst one-day percentage drop since February 8, the S&P500 fell 2...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, March 23rd The EUR/USD pair has reverted yesterday’s correction from its weekly highs and is now trading back above the level of 1.2300...
GBPUSD: The pair turned lower on Thursday after failing to hold on to its intra day gain. It faces the risk of more weakness. Support lies at the 1.4050 level where a break will turn attention to the 1.4000 level. Further down, support lies at the 1.3950 level...
EURGBP- The pair backed off lower prices during Thursday trading session. This has opened the door for more recovery higher. Support lies at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break will expose the 0.8600 level. Conversely, resistance resides at the 0...
