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After a break-out of an important support at around 9300 on 8th February, DAX, along with the other European and American indices, made a significant retracement and rallied above the break-out price. The chart of M15 below shows the second rally, with prices reaching the previous high...
EA can assist traders and here are the results to prove it. We had a banner day and closed with five profitable sell trades ranging from 20 pips to 50 pips. Most of the trades were opened this morning with the exception of one trade from yesterday...
My trade plan for 25th Feb 16 On GBP/JPY I am looking to wait for price action to rise back up to my one hour 55 ema, which would be 21 ema on my 4hr chart so long has the 21ema hold as resistance then price will return to fall once again...
Commodity currencies, such as #CAD received a strong support amid strengthening #oil prices. The growth of the “black gold” was caused with the statements of the Venezuela's Minister of Petroleum. Find out more by checking out the Source Link...
Re-achievement of the Fibo retracement gave bears in #USDJPY a reason to fix the result on short positions. This led to the growth of quotations, but it is too early to talk about the possibility of purchases. Find out more by checking out the Source Link...
Support & Resistance-Update-Indexes Last updated: Feb 26, 2:40 pm +03:00 S - Strong | M - Moderate...
Pivot Points-Hourly Last Updated: Feb 26, 3:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09963 1.10082 1.1015 1.10201 1.10269 1.1032 1.10439 USD/JPY 112.257 112.563 112.683 112.869 112.989 113.175 113.481 GBP/USD 1.3841 1.39045 1.39326 1.3968 1.39961 1.40315 1.4095 USD/CHF 0.98927 0.99031 0...
Throughout its long history #oil fell to the bottom more than once or twice, but always returned back. Risky #investors always get a huge #profit, opening long positions at the time when the market reaches a bottom. The only question is when it will happen...
Returns on Currency/Commodity Pairs As a new or novice trader stepping into the world of forex and commodities trading, it is useful to know that not all pairs offer the same return per pip. Infact, returns vary based on the prevailing currency/commodity price...
Positioning ahead of G20 Interesting moves from China overnight as G20 Finance Ministers and Central Bank governors meet in Shanghai today and tomorrow...
Euro, US Dollar Outlook Hinges on Inflation Data Talking Points: Euro may find interim support if Germany’s flash CPI data tops forecasts US Dollar may fail to capitalize as core PCE inflation hits 15-month high NZ Dollar gains with milk prices as dairy exports rise most since Aug’14...
Pivot Points-Hourly Last Updated: Feb 26, 11:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.10207 1.10383 1.10477 1.10559 1.10653 1.10735 1.10911 USD/JPY 112.366 112.59 112.727 112.814 112.951 113.038 113.262 GBP/USD 1.39327 1.39581 1.39731 1.39835 1.39985 1.40089 1.40343 USD/CHF 0.98654 0...
EUR/USD trims gains, drops to 200-DMA as European stocks rise 26 Februari 2016 8:16 AM The stocks markets in Europe opened higher, establishing risk-on trade and thus pushing the EUR/USD pair back to its 200-DMA located at 1.1047...
EUR/USD forecast: eyes on US GDP – Commerzbank and Danske Bank 26 Februari 2016 7:19 AM EUR/USD is confirming its recent upbeat momentum, although the upside run out of legs around 1.1070 ahead of the US GDP figures due later...
G20 FINANCE MINISTERS AND CENTRAL BANK GOVERNORS TO MEET IN SHANGHAI THIS WEEKEND The global economy is in a fragile state following a volatile start of the year that has reduced equity valuations and continues to pressure energy prices downward...
EUR/USD retreats from 1.1070, focus on German CPI 26 Februari 2016 7:11 AM The upside momentum in the single currency is now easing a tad, dragging EUR/USD to the mid-1.1000s ahead of the European open. EUR/USD attention to EMU, German data The pair remains in the mid-1...
26 February 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 08:00 Spanish Flash CPI y/y EUR Med. -0.3% -0.5% Negative All Day G20 Meetings - High - - - 13:30 Preliminary GDP q/q USD High 0.7% 0...
USD/CAD unchanged in the mid-1.3500s, oil eyed 26 Februari 2016 6:50 AM USD/CAD is looking to consolidate around 1.3550 following yesterday’s deep sell-off to multi-week troughs...
Crude Oil (WTI) (J6) Intraday: bullish bias above 31.20. Pivot: 31.20 Most Likely Scenario: long positions above 31.20 with targets @ 33.55 & 34.20 in extension. Alternative scenario: below 31.20 look for further downside with 30.50 & 29.80 as targets. Comment: the RSI is mixed to bullish...
