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The price is on bullish market condition for the secondary ranging within the following key reversal support/resistance levels: 195.86 resistance level located above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) in the primary bullish area of the chart, and 174...
Trading recommendations Sell by-market. Stop-Loss 14.35. Take-Profit 14.00 13.80, 13.50 Alternative long positions will become relevant after the price fixing above the level of 14.60 with the objectives 15.30, 15.50...
EURJPY: With EURJPY bulls on the offensive, further price strength should build up towards the 130.75/99 zone. This corrective recovery is coming on the back of its recent weakness. Support comes in at the 129.50 level where a break will aim at the 129.00 level...
Trading recommendations and Technical Analysis – HERE! December 9 will host the next meeting of the RBNZ, which will be addressed, including the question on rates...
After completing the wave (ii), Pound has started falling in the wave (iii) of [iii]. Later, the market is expected to continue falling in the third wave. Earlier, the price formed the diagonal triangle in the wave (c) thus finishing the wave [ii]...
Click here to see previous forecast. EURUSD (15 min. chart): EURUSD (1 hour chart): EURUSD (4 hour chart): EURJPY (15 min. chart...
Investors are expecting for more aggressive ECB easing during the European Central Bank metting, and the ECB will introduce two-tier system for deposit rate for expectations for the larger deposit rate cut than 10 basis points...
The price is breaking descending/bear triangle pattern from above to below for 1.4983 as the next bearish target which will be broken by the price to below on the way of good bearish breakdown, as stated by Skandinaviska Enskilda Banken (SEB...
Dear Traders, This week will be one of the most important and decisive weeks for currency traders. Not only do we have the European Central Bank which is forecast to boost stimulus, but also the U.S. Payrolls data could be a guide for the Federal Reserve's monetary policy decision on their Dec...
UOB Group estimated 3 main scenarios for European Central Bank meeting this week and made some forecast related to the EUR/USD price movement: The 'Mild' Easing Approach. QE Program: additional increase >10bn, 3-9 months. The price will not break key support level at 1...
Market Summary EURUSD 15 min. chart: Long sentiment from 1.0607. The long zone starts from this level. EURUSD could be bought at any level till the price reach the targets above. Short sentiment from 1.0586. The selling zone starts from this level...
EURCHF WEEKLY: New bullish trend in closing bar. This could be an opportunity to enter long with TARGETS: 1,09235 - 1,09948 - 1,10660 GBPJPY WEEKLY: New Bearish trend in closing bar...
Market summary. GBPUSD 15 min. chart Long sentiment from level 1.5044. Long zone starts from this level, GBPUSD could be bought at any level till the price reach the targets above. Short sentiment from 1.5024. Selling zone below this level. GBPUSD could be sold at any levels below 1.5024...
The price is on bearish breakdown crossed 1.0616 support level of descending triangle pattern for the bearish trend to be continuing with 1.0461 level as the nearest real bearish target...
Below is the list of major economic events which are to take place from November 30 to December 4 and are likely to influence the markets...
Despite the generally weak undertone in EUR/USD, only a daily closing below 1.0580 would indicate the start of a fresh bearish phase, says UOB Group. "For now, we remain neutral but the downward pressure will continue to increase unless there is a move back 1.0640 in the next few day," UOB adds...
Skandinaviska Enskilda Banken (SEB) made a forecast related to EUR/USD with the stated that the pairs will be in more ups and downs: the price will break 1.05 and 1.04 support level before go up to 1.0830...
The EURUSD continues to lose ground and as we can see in the chart below, all recent retraces back up to the 8 day EMA have resulted in reversals and lower lows...
GOLD: Having closed lower the past week GOLD bearishness remains intact. However, a corrective recovery higher could occur if it fails to push further lower in the new week. On the upside, resistance resides at the 1070.00 level where a break will aim at the 1080.00 level...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited (https://www.tallinex.com) EURUSD Dominant bias: Bearish EURUSD consolidated to the downside last week, which occurred in the context of a downtrend, and there are resistance lines at 1.0750 and 1...
