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Every trader knows that the market is a periodic entity. It is not surprising. Weeks, days, sessions start over and over again by a global schedule. Montly reports, seasonal changes, and most other things happen regularly. And even the quotes themselves are organized into a series of uniform bars...
Trading Strategies
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Stanislav Korotky, 4 August 2014, 16:17
Fundamental Forecast for Gold: Neutral Gold the Commodity or Gold the Currency? Weekly Price & Time: Critical Test Coming Up For Gold Gold prices are lower for a third consecutive week with the precious metal off by 0.90% to trade at $1295 ahead of the New York close on Friday...
Metals
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BlondieNews, 4 August 2014, 15:23 #xauusd, gold
Fundamental Forecast for Yen: Neutral USDJPY Rallies as US GDP Rebounds Strongly in the Second-Quarter USDJPY Attempting to Breakout The USDJPY broke out of the bearish trend from earlier this year as the Federal Open Market Committee (FOMC) scaled back its dovish tone for monetary policy, but th...
Weekly Trends
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Lonny Strike, 4 August 2014, 13:13
I am sure all of you agree that constant learning and gaining experience are necessary things while doing trading. However, as one of my favorite proverbs says, "We learn more from mistakes, than we do from lectures...
Trading Strategies
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Anton Voropaev, 4 August 2014, 12:11 #Trading Strategies
Fundamental Forecast for Pound: Bearish British Pound breakdown looks like the real deal, further losses ahead Disappointing UK Manufacturing data sends the GBP to fresh lows Traders sent the Sterling lower for the fourth-consecutive trading week, and whether it can recover into the new month may...
Weekly Trends
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Damiano Fabiański, 4 August 2014, 11:11
USDCAD has finally turned bullish now after recent decisive break out of a downward channel. A break indicates a completed corrective decline from the high so we suspect that pair will stay bullish now and attach 1.1270 highs of the year. We are bullish now on USDCAD as long as 1...
Forecasts
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Abdolreza Basirizadeh, 4 August 2014, 10:51 #Elliott Waves
Fundamental Forecast for Dollar: Neutral NFPs may have dampened momentum behind rate forecasts just before a true trend was set Risk trends may single-handedly carry the dollar’s next move – whether full blown trend or begrudging correction The most capable backup for the dollar’s run also happe...
Weekly Trends
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Ray Steve, 4 August 2014, 09:12 #dollar index
The US Dollar is definitely very strong. If we were to look on any chart time frame less than the daily, we see quite a strong uptrend. However, it doesn't look like it is here to last. The USDCHF pair is nevertheless testing a range...
Forecasts
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Zheng He, 4 August 2014, 06:29 #usdchf
Australian rate decision: Tuesday, 4:30. The Reserve Bank of Australia maintained rates at 2.5% on its last meeting in July, despite rumors of a possible rate cut. RBA Governor Glenn Stevens declared the currency was “overvalued” but kept monetary policy unchanged...
Weekly Trends
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Valentin Portnov, 4 August 2014, 06:12
NZDUSD is starting to approach and eventually touch and test the trend line for the third time. With the RBNZ announcing an interest rate hike, this may spur demand in the NZD. However, the USD still remains strong despite an expectations miss of Friday's NFP results...
Forecasts
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Zheng He, 4 August 2014, 05:43 #nzdusd
For most new traders, the biggest challenge is getting a profitable strategy that works for the long term. Usually, trend-following systems are favored because they tend to have a very good risk-to-reward ratio...
Trading Systems
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Sergey Golubev, 3 August 2014, 19:12
Zigzags A single zigzag in a bull market is a simple three-wave declining pattern labeled A-B-C. The subwave sequence is 5-3-5, and the top of wave B is noticeably lower than the start of wave A, as illustrated in Figures 1-22 and 1-23...
Wave Count
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Abdolreza Basirizadeh, 3 August 2014, 19:01 #Elliott Waves
The lack of a proper trading plan which includes precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments...
Trading Strategies
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Frank Breinling, 3 August 2014, 18:10 #forex
Corrective Waves Markets move against the trend of one greater degree only with a seeming struggle. Resistance from the larger trend appears to prevent a correction from developing a full motive structure...
Wave Count
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Abdolreza Basirizadeh, 3 August 2014, 17:42 #Elliott Waves
The Head and Shoulders Chart Pattern is the easiest to recognize patterns. It’s classically known as a Reversal Top Pattern, though the less common “Inverted” Head and Shoulders Pattern is known as a Bottom Reversal Pattern...
Trading Ideas
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Peter Gervas, 3 August 2014, 15:11
Estimated pivot point is at the level of 1.0787. Our opinion: Buy the pair above the level of 1.0787 with the target of 1.0990 – 1.10. Alternative scenario: Breakout of the level of 1.0787 will allow the pair to decline up to the levels of 1.07 - 1.0616...
Weekly Trends
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Abdolreza Basirizadeh, 3 August 2014, 12:16 #Elliott Waves
Estimated pivot point is at the level of 101.00. Our opinion: Buy the pair from correction above the level of 101.00 with the target of 104.10. Alternative scenario: Breakout of the level of 101.00 will allow the price to continue the decline to the level of 99.50...
Weekly Trends
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Abdolreza Basirizadeh, 3 August 2014, 12:14 #Elliott Waves
Estimated pivot point is at the level of 0.9003. Our opinion: Buy the pair from the correction above the level of 0.9003 with the target of 0.9130 – 0.92. Alternative scenario: Breakout of the level of 0.9003 will enable the pair to continue the decline to the levels of 0.8950 – 0.89...
Weekly Trends
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Abdolreza Basirizadeh, 3 August 2014, 12:11 #usdchf, Elliott Waves
Estimated pivot point is at the level of 1.6925. Our opinion: Sell the pair from correction below the level of 1.6925 with the targets of 1.6830 – 1.6720. Alternative scenario: Breakout and consolidation above the level of 1.6925 will enable the price to continue the rise up to 1...
Weekly Trends
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Abdolreza Basirizadeh, 3 August 2014, 12:05 #Elliott Waves
Estimated pivot point is at the level of 1.3414. Our opinion: Sell the pair from correction below the level of 1.3414 with the target of 1.3290. Alternative scenario: Breakout of the level of 1.3414 will allow the price to continue the rise up to the levels of 1.3450 – 1.35...
Weekly Trends
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Abdolreza Basirizadeh, 3 August 2014, 12:01 #Elliott Waves