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Trying to bounce near the old support at 1.2414. (By Peter Rosenstreich) • USD/CAD selling pressures are back after breaking hourly support at 1.2414 (27/07/2017...
Bouncing. (By Peter Rosenstreich) • USD/CHF is trading mixed with strong volatility. Strong resistance is given at 0.9771 (15/06/2017 high). The pair is likely to head...
Preparing to challange support. (By Peter Rosenstreich) • USD/JPY further declined today confirming increasing selling pressures. The pair has failed to test resistance at 111.05 (04/08/2017 high...
Grinding higher. (By Peter Rosenstreich) • GBP/USD is recovering after its recent massive sell-off. Monitor the test of resistance at 1.2995 (01/09/2017). Hourly support is given at 1.2774...
Consolidation. . (By Peter Rosenstreich) • EURUSD is consolidating after massive bullish rally. Hourly resistance can be found at 1.2070 (29/08/2017 high) while hourly support lies at...
The GDP growth in the UK this year has significantly slowed. Economic growth in the 1st and 2nd quarters was half that of the last three months of 2016...
In real life more is better, for example if a factory increase its work hours will probably also increase it output that can also translate to more profits, but in trading this is not likely the case because the more you trade in the market the more you are are exposed to risk, of course it can a...
The New Zealand dollar remains in the medium-term bearish trend. Another correction came to an end last week, a new impulse wave is developing. The nearest mid-term pullback selling opportunity may appear this week. NZDUSD. Technical analysis and COT net position indicator...
The support level on the Daily timeframe was broken on Monday. The market broke through the triangle formed earlier in the direction of professional participants’ trades, the trend is bearish now. The correction can come to an end this week...
The resistance level on the Daily timeframe was broken on Monday, the gold and silver markets broke through the triangles formed earlier in the direction that corresponds to the opinion of large speculators and hedgers. The Daily trend is bullish, an active impulse wave is developing...
USDCHF remains in the mid-term downtrend, a correction on the Daily timeframe is coming to an end. The market is around the nearest resistance level, the highs of August 22-23...
Euro remains in the bullish trend, the market is in the correction. The correction will most likely come to an end this week and a pullback signal will appear or the trend on the Daily timeframe will reverse. Anyway this asset may be interesting for medium-term trading...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bullish The outlook is bullish in the long-term but bearish in the short-term. Price went up on Monday and Tuesday and tested the resistance line at 1...
EURUSD: With the pair rejecting higher to close lower the past week, more decline is envisaged. Resistance comes in at 1.1900 level with a cut through here opening the door for more upside towards the 1.1950 level. Further up, resistance lies at the 1.2000 level where a break will expose the 1...
After a few weeks of summer lull, the coming seven days promise to be exciting thanks to a string of central bank meetings...
Investors are returning from the northern summer lull. The global economy that greets them remains strong. For the first time since 2007 the world's major economies are enjoying simultaneous growth. In real terms global trade is at a record share of GDP...
Bank of America Merrill Lynch FX Strategy Research still expects the USD/JPY to rise into year-end but the top-heavy market may persist for now as tensions over US politics and the North Korean situation may deepen into September. "Our technical analysis sees potential downside into 106...
The past 4 to 5 months has been a very educational experience for me. I downloaded Meta trader 4 on my cell phone and got a demo account...
Nearing completion next period when Mercury is in retrograde motion. What is important during this period for financial markets? Why it is important? For you it is not an ordinary look at the Forex market. Astronomical review and analysis of possible events and their consequences for 36 weeks...
USDCHF: With the pair backing off lower prices to close higher the past week, more strength is envisaged in the days ahead. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level...
