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Trade data are here to confirm it: the dependence to China’s exports is weighing on the Japanese manufacturing industry. In decline territory for the fourth straight month, exports to China dropped 10.1% in June, confirming a slowing Chinese economy following the release of 2Q GDP figure of 6...
EURGBP faces price selloff after rejecting higher prices on Wednesday. This development now leaves risk lower towards the 0.8950 zone. On the downside, support stands at the 0.8900 level where a violation will turn focus to the 0.8850 level. A break below here will aim at the 0.8800 level...
Pivot (invalidation): 57.15 Our preference Short positions below 57.15 with targets at 56.20 & 55.85 in extension. Alternative scenario Above 57.15 look for further upside with 57.60 & 58.20 as targets...
Pivot (invalidation): 15.9000 Our preference Long positions above 15.9000 with targets at 16.2400 & 16.3600 in extension. Alternative scenario Below 15.9000 look for further downside with 15.8000 & 15.6500 as targets...
Pivot (invalidation): 1417.00 Our preference Long positions above 1417.00 with targets at 1430.00 & 1434.00 in extension. Alternative scenario Below 1417.00 look for further downside with 1410.00 & 1406.00 as targets...
Pivot (invalidation): 2997.00 Our preference Short positions below 2997.00 with targets at 2973.00 & 2958.00 in extension. Alternative scenario Above 2997.00 look for further upside with 3008.00 & 3015.00 as targets...
Pivot (invalidation): 12405.00 Our preference Short positions below 12405.00 with targets at 12300.00 & 12240.00 in extension. Alternative scenario Above 12405.00 look for further upside with 12465.00 & 12510.00 as targets...
Pivot (invalidation): 5.6980 Our preference Short positions below 5.6980 with targets at 5.6690 & 5.6570 in extension. Alternative scenario Above 5.6980 look for further upside with 5.7170 & 5.7330 as targets...
Pivot (invalidation): 0.7005 Our preference Long positions above 0.7005 with targets at 0.7040 & 0.7060 in extension. Alternative scenario Below 0.7005 look for further downside with 0.6995 & 0.6980 as targets...
Pivot (invalidation): 1.3060 Our preference Short positions below 1.3060 with targets at 1.3035 & 1.3015 in extension. Alternative scenario Above 1.3060 look for further upside with 1.3075 & 1.3090 as targets...
Pivot (invalidation): 0.9880 Our preference Short positions below 0.9880 with targets at 0.9835 & 0.9815 in extension. Alternative scenario Above 0.9880 look for further upside with 0.9905 & 0.9925 as targets...
Pivot (invalidation): 107.95 Our preference Short positions below 107.95 with targets at 107.65 & 107.40 in extension. Alternative scenario Above 107.95 look for further upside with 108.15 & 108.30 as targets...
Pivot (invalidation): 1.2415 Our preference Long positions above 1.2415 with targets at 1.2455 & 1.2485 in extension. Alternative scenario Below 1.2415 look for further downside with 1.2380 & 1.2340 as targets...
Pivot (invalidation): 1.1220 Our preference Long positions above 1.1220 with targets at 1.1255 & 1.1265 in extension. Alternative scenario Below 1.1220 look for further downside with 1.1210 & 1.1200 as targets...
This EA is used to download history data of 28 pairs and 9 timeframes...
How to trade When a pattern appears, the adviser adds buttons to the "Current Patterns" display for manual entry, direct and reverse. This EA functionality allows you to enter the market prematurely, without waiting for the automatic entry on a reversal signal...
CRUDE OIL corrective pullback mode remains as more decline is likely in the days ahead. Support lies at the 56.50 level where a break will expose the 56.00 level. A cut through here will set the stage for a run at the 55.50 level. Further down, support comes in at the 55.00 level...
Plotting two channels on the chart are just about everything the trained eye might need in order to get the sense of the next move. The fist equidistant channel is limited by...
The free fall in GBP is difficult to ignore as GBP/USD and GBP/CHF pairs are trading at early 2017 ranges while the situation in GBP/JPY is less rosy as the pair trades at late 2016 levels, confirming that GBP weakness is heavily skewed towards Brexit headlines, while upside moves are particularl...
