Divergence is an important leading signal. A divergence signal develops when price leads or lags the indicator. There are 2 types of divergences. Regular and Hidden. Regular divergence is an important trend reversal signal. Sometime it can be a retracement instead of a trend reversal...
Euro May Overlook German CPI Uptick, US ISM Survey in Focus Talking Points: US Dollar corrects broadly lower as liquidity rebuilds after holidays Aussie Dollar outperforms on upbeat China PMI, NZ Dollar follows Euro may look past German inflation uptick, US ISM survey in focus...
Talking Point: Technical Strategy: Bearish Elliottwave View: Bear count confirmed Analysis From our last December's analysis on NZDUSD (New Zealand dollar vs US dollar), nothing much changed. We are on bear trend count and able to break and trade outside corrective channel...
Author: Favio Poci In this weekly market update you will see charts, wave counts and Fibonacci targets on the following instruments: E-Mini, SPX Dow E-Mini (YM), IWM (Russell ETF) Gold, GLD & GDX...
In the Currency Strength table the USD was again the strongest currency for the third week while the AUD was the weakest for the second week. All the Currencies remained around the level of the previous week with a maximum difference of just 1 point...
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: USD(3X) followed by the CAD(3X) with the CHF(3X). The weaker currencies are the AUD(4X) followed by the JPY(3X) with the GBP(3X...
Pivot Points Hourly Last Updated: Jan 2, 3:03 am -08:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.0512 1.05157 1.05175 1.05194 1.05212 1.05231 1.05268 USD/JPY 116.593 116.669 116.701 116.745 116.777 116.821 116.897 GBP/USD 1.23214 1.23327 1.23379 1.2344 1.23492 1.23553 1.23666 USD/CHF 1.01481 1...
If you look at EUR/USD weekly chart it seems it has found support for now. EUR/USD will make a retracement and find resistance at EMA21. Then it will start its downward march once again. Read this blog post that explains how low can EUR/USD go...
EURUSD: The pair rejected higher prices to print a rejection candle on Friday. This development leaves risk lower in the new week on a possible price resumption. On the down, support lies at the 1.0500 level where a violation will aim at the 1.0450 level. A break of here will aim at the 1...
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It is recommended to go long as well if the pair managed to retest the 1.2290 area which will be an area of intraday support for the pair...for more analysis check my blog post here : http://boriopips.blogspot.com.eg/2017/01/gbpusd-rejected-by-trendline.html...
Trend trading is one of the most profitable trading strategies. However trend following is not easy for most traders. Catching the trend at the right time and then exiting at the right time is what matters...
Top Trading Opportunities for 2017 - Part II Indecision ruled much of 2016 – as it had the year before. Global equities and the Dollar carved out broad ranges rather than extend the trends of previous years. That complacency was shaken however in the final quarter of the year...
First, a review of last week’s forecast: – We know that "thin" market and low liquidity in the pre New Year's week can work wonders. For the first half of the week the EUR/USD pair, as expected, remained in a slow sideways trend. Then on Wednesday, it slumped 100 points...
Top Trading Opportunities for 2017 - Part I Indecision ruled much of 2016 – as it had the year before. Global equities and the Dollar carved out broad ranges rather than extend the trends of previous years. That complacency was shaken however in the final quarter of the year...
With less than 48-hours left before the New Year analysts are publishing their outlooks for the coming year, 2017. FX Primus’s market analyst Marshall Gittler is one such analyst, and his view for the year ahead for G10 currencies appears both interesting and comprehensive...
USD/CAD Technical Analysis: At Strong Support For 2017 Open Talking Points: USD/CAD Technical Strategy: Channel median line being tested, watching for bounce higher Focus remains on topside pivot at 1.3576 as 50% Fibo of 2016 range Trendline resistance being tested as support from January high...
Dollar Slides as Fed Forecast Balances, EUR/USD Mounts Liquidity Surge Talking Points: A retreat for the Dollar, Treasury yields and implied Fed Funds rate Thursday reflected rate speculation rebalance The dramatic two-minute, 130-pip EUR/USD rally in dead hours between US and Tokyo was the resul...
GBPJPY is always on a roller coaster. It can go up 300-500 pips in 24 hours. Then reverse and go down 300-500 pips in down direction. Read this post that analyses GBPJPY 800 pips move in just 2 days. When you trade GBPJPY always keep risk as low as possible...
