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W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition with the secondary ranging between Fibo support level at 0.6907 and Fibo resistance level at 0...
AUDUSD: AUDUSD took back its intra day gains to close slightly lower on Monday leaving risk of more weakness on the cards. While the pair can trade and hold below the 0.7363/81 levels, we think more weakness should occur towards its support at 0.7197. On the upside, resistance lies at the 0...
EUR: Bullish "We believe that EURUSD could head higher before we see pushback from the ECB. Indeed, we don’t expect anything from next week’s meeting...
Nearly two-thirds of analysts surveyed by the Financial Times expect the U.S. central bank to increase interest rates before the end of 2015, despite weakening economic data that several banks have warned have put the Fed’s inflation goal on a slippery ground...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition with the secondary ranging between Fibo support level at 1.0798 and Fibo resistance level at 1.1706: "Support is estimated in the mid-1.0800s. Resistance is estimated in the mid-1...
Market players have pushed back expectations of a rate increase since the Fed's Sept.17 meeting, with many traders anticipating the hike as soon as March 2016. But if history is any guide, investors have been getting the Fed's intentions wrong, says Deutsche Bank...
On Monday the single currency traded at its lowest level against the dollar in 10 days after official data showed that economic growth in China was stronger than economists’ expected in the third quarter...
Goldman Sachs Asset Management expects the British currency to jump against the dollar as the Bank of England will possibly increase interest rates sooner than the market predicts...
The battered and bruised oil industry could see some upside in the medium term if it sticks with its period of cost cutting, according to Michele Della Vigna, co-head of European Equity Research at Goldman Sachs. "Sentiment is changing," he told CNBC Monday...
W1 price is on bearish ranging between the following key support/resistance levels: Fibo resistance level at 1.5930 located near 100 period SMA and 200 period SMA on the border between the primary bearish and the primary bullish area of the chart; Fibo support level at 1...
USDJPY: With USDJPY halting its weakness to close higher the past week, it looks to move higher in the new week. We envisage a possible move towards its range top at the 121.32 level. On the upside, resistance resides at the 120.00 level with a turn above here aiming at the 120.50 level...
The probability of the gold price continuing to go up was so unconvincing that i removed the stop loss i had kept near last month's high and put my faith in my level 2 and 3 set up which was still showing a BEAR trend...
In September, bloggers from The Short Side of Long have predicted a double bottom for global equities, as well as a decently high probability that gold might recover further. Today their thinking seems to be on track, as the sector has seen decent gains over the last two weeks...
As mentioned in my recent posts, was prepared for the high volatility in the BEARISH price movement. Even in gold prices, was not convinced about the upward movement, as i saw it as a retracement rather than a trend, especially from level 2 and 3 set up...
Official China's third quarter GDP numbers released earlier today caused controversial reactions varying from shrugs to utter disbelief. Let us see why analysts have been so much confused...
Check Trading Recommendations - HERE! Overview and Dynamics In anticipation of the key news from the Eurozone and the US, the EUR / USD will remain under pressure...
United Overseas Bank made a technical forecast for GBP/USD stated that bear market rally will be continuing up to 1.55 as a real target: "We maintains it bullish view on the pair with a target of 1.5570." "We just shifted to a bullish at this stage, there is no change to our view...
This week's calendar will feature two major policy meetings, the Bank of Canada and the European Central Bank as well as the publication of the Reserve Bank of Australia minutes and its annual report...
At the 19th of October Ak Investment, one of Turkey's largest brokers, officially launched the MetaTrader 4 platform for Forex and CFD trading...
I know everyone likes discounts - not only if they allow you to buy something at a lower price, but also if you can put up an attractive offer for others as a seller. This makes the world a little bit happier I think...
