Prices edged below support at 101.87, the 23.6% Fibonacci expansion, exposing the 38.2% level at 100.61. This barrier is reinforced by a rising channel top at 100.28. A break below that on a daily closing basis eyes the 50% Fib at 99.58. Alternatively, a turn back above 101...
This week two main factors influenced gold prices: soft U.S. housing data supported the metal by driving uncertainties as to when the Federal Reserve will hike interest rates. News about the U.S. and Europe imposing fresh sanctions on Russia also supported the yellow metal...
Prices are drifting cautiously lower having topped below $1350/oz three weeks ago. Near-term support is in the 1284.09-87.13 area, marked by a falling trend line set from late June and the 38.2% Fibonacci expansion. A break below that on a daily closing basis exposes the 50% level at 1269.22...
Prices put in a bearish Evening Star candlestick pattern, hinting a move lower may be ahead. Negative RSI divergence bolsters the case for a downside scenario. A daily close below rising channel floor support at 1968.60 exposes the 23.6% Fibonacci retracement at 1948.40...
China’s stock investment universe has surely improved in the past decade. Yet the second disclosure in less than two weeks that a chairman of a mainland company listed at the Hong Kong Stock Exchange had disappeared underscores that investment risks still abound...
On Tuesday the dollar held steady near a six-month peak against a basket of major currencies at Australian and Singapore markets, as investors kept to the sidelines ahead of a policy review by the Federal Reserve...
This Monday bitcoin fell further below the $600-level, as a wave of technical selling kicked in after prices fell below key support levels. According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency dropped 1.76% to trade at $580...
Silver markets tried to fall during the course of the week, and although we did produce a red candle it has to be said that the range was in exactly impressive. On top of that, there is the $20.00 level below, which of course is very supportive...
On Monday the Japanese yen gained in early Asian trade with the events in Eastern Europe and Middle East on investors minds and safe haven assets sought. USD/JPY traded at 101.79, down 0.04%, while AUD/USD held at 0.9399, up 0.04%, and the US dollar index fell 0.05% to 81.11...
On Friday Brent oil futures crawled up to a one-week high on, as investors continued to assess the geopolitical situation in Eastern Europe and in the Middle East. On the ICE Futures Exchange in London, Brent oil for September delivery rose to a daily high of $108...
The DAX went back and forth during the course of the week, eventually settling on a relatively neutral candle. It appears that the market is trying to find a little bit of momentum to break out to the upside, as the €10,000 level has been a significant barrier...
The most recent short interest data has just been released by the NASDAQ for the 07/15/2014 settlement date, and we here at Dividend Channel have sifted through this fresh data and screened out these five S&P 500 stocks...
Playing palladium’s uptrend remains preferred with the prospect of a run on the psychologically-significant 900 handle over the near-term still looking likely. A retest of 861 or push back above former support-turned-resistance at 875 would offer a fresh buying opportunity...
Crude’s bounce back to noteworthy resistance at 103.76 offered a fresh opportunity to look at shorts. The failure to breach the 23.6% Fib Level alongside an intact downtrend suggests further weakness ahead. However, given the close proximity to nearby support at 101...
AUDUSD Moves to Support at .9431 R3 Range Resistance Sits at .9476 Price Under S4 Signals a Breakout to New Lows The AUDUSD spent most of the overnight trading session reversing between key points of support and resistance...
The US stock market eked out a record high yesterday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies. Among big tech names, Apple’s earnings topped Wall Street expectations, helped by rising shipments of iPhones...
Prices are testing below support at 1297.74, the 50% Fibonacci expansion. A daily close below that exposes the 61.8% level at 1291.48. Alternatively, a reversal above the 38.2% Fib at 1304.00 aims for the 23.6% expansion at 1311.75. China's gold demand slumped 19...
Nxt is working towards becoming the next best cryptocurrency in the market. The next generation coin, which was already famous for its unique source code and dozen other built-in features, is further catching eyeballs with its increasing influence in mainstream market...
