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The gold price seems to have completed a double top at important fibo levels in multiple time frames. Moreover, a price retracement to 1101 or 1097 is due for quite some time now...

W1 price is located below 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bearish market condition. The price is trying to break 48.19 support level to go to 45...

Now that the price has crossed last week's high, expect the gold price to continue going up. Strangely, the stop loss i entered, seems to have not been registered and the total loss was $300 instead of $200. The balance is at $600 and the equity is around $1400...

Current trend Yesterday, the British currency grew supported by the publication of favorable UK macroeconomic statistics. Later, when US data was released, US currency managed to gain back some of its losses, however, in general, a strong “bullish” potential in the pair remained...

EURJPY: The cross remains weak and vulnerable to the downside with eyes on its support located at the 136.50 level. On the downside, support comes in at the 136.50 level where a break will aim at the 136.00 level. A turn below here will target the 135...

The level 2 set up of MAs, fibo, ZZ and chart pattern indicate the possibility of a spike between 1126 and 1101. Hence the closed the BUY order entered in the morning with a profit and entered a SELL order of 0.4 lot size to protect the profit...

Gold prices rises before release of the minutes from the July Federal Open Market Committee meeting (trades now near $1,122). Analyst Frank Holmes said he expects gold to be stuck in the $1,000 to $1,350 range for the next six months. What will come out of this week’s Fed minutes...

Barclays made a forecast for high impacted fundamental news events which will be on Wednesday at 19:00 GMT. The bank is telling that Federal Open Market Committee is already made a decision concerning a September Fed hike...

The bank made a forecast for the price of gold at year-end and estimated that it will be increase as much as 10 percent higher than current levels. The bank set out five reasons in a report on Friday for the experts to believe gold prices could recover to $1,200 per ounce at the year-end. 1...

H4 price is located to be inside Ichimoku cloud for ranging market condition between Senkou Span lines on the border between the primary bearish and the primary bullish trend on H4 chart. The key support/resistance levels are the following: 1...

For today R4 - 1.1226 R3 - 1.1189 R2 - 1.1127 R1 - 1.1094...

Expecting the gold price to continue going up, entered another BUY order with 0.2 lot size. It's a bit risky to enter an order so early in the day with only 1 H4 candle completed and with so low margin levels...

Societe Generale and other int'l financial institutions were forecasting the price for EURUSD as 1.04/1.05 at year end...

CRUDE OIL: The commodity has put in a temporary bottom leaving risk of a move higher on the cards. Resistance is located at the 43.00 level where a break will expose the 44.00 level. A break below here will aim at the 45.00 level and then the 46.00 level...

Callum Newman, Contributing Editor, Money Morning If 2008 was the watershed year of the US subprime mortgage crisis, we could say 2015 marks a rebirth. That’s after the protracted death throes of the old cycle. I say that because the strength in the US housing market is obvious now...

Skandinaviska Enskilda Banken made technical forecast for Brent Crude Oil the direction and the possible targets: Brent Crude: Bullish "Doji", but will it bite? "The downtrend is relentless and all indicators are pointing south still...

Some time ago I have published the multi-currency WPR indicator. This is exactly multi-currency, not multi-instrument tool, because it shows oversold and overbought states for relative strengths of plain currencies extracted from a given set of Forex symbols...

Skandinaviska Enskilda Banken made some technical forecast for EUR/JPY estimating the direction and the possible targets: EUR/JPY: Targeting 137.35/08 next...

BNP Paribas are forecasting the strong USD but with the secondary ranging market condition - just because of China news on Fed expectations: "The underlying effective Fed funds rate has also been drifting higher over the past two weeks, reaching 15bp and suggesting some of the move in rates marke...

In EURGBP there was a short opportunity at the start of the week, as the support was broken. In this setup, one of the important things to watch for are weak signals before the break, which there were on the last market top...