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Recently we received a question from one of our members asking if it is ok to use trend lines for her trading entries after she determined sentiment and direction from the news...
Trading Systems
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Sherif Hasan, 15 May 2016, 08:46
GBPJPY: The cross continues to face downside pressure as we enter a new week. On the downside, support comes in at the 155.00 level where a violation will aim at the 154.00 level. A break below here will target the 153.00 level followed by the 152.00 level...
Analytics & Forecasts
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FXTechstrategy.com, 15 May 2016, 05:20 #forex
Hedge Fund Shorts Saudi Riyal By Rakesh Sharma | May 5, 2016 — 12:02 PM EDT In 2014, Zach Schreiber, owner of the Point State Capital hedge fund, made a famous short against oil, which was trading at record high prices then, at the Ira Sohn conference...
Analytics & Forecasts
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Diamond Ashiegbu, 14 May 2016, 22:13
The deviation of USD from levels that are consistent with gauges of the relative Fed hawkishness like the spread between US 2Y rates and the G9 average has widened to record levels recently. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
Analytics & Forecasts
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Vasilii Apostolidi, 14 May 2016, 16:42 #forex
First, a few words about the forecast for the previous week: ■ if we talk about the forecast for EUR/USD, as it often happens, graphical analysis turned out to be the most accurate, having predicted the return of the pair to the Pivot Point of February - May at the level of 1.1280...
USDCHF: Having the pair taken back all of its earlier losses for the week to close higher on Friday, more strength is expected in the new week. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0...
It seem that Dow Jones Industrial completed a Head and Shoulder Pattern. There is a negative divergence between RSI14 and DJI price candles. Seasonality say "Sell in May and Go Away...
Analytics & Forecasts
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Muhammad Elbermawi, 13 May 2016, 23:06
EUR/USD: The move below our initial downside targets in the 1.1360 area encourages our bearish view. We are now looking for further downside towards the 1.1215 range lows. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
EURUSD: With EURUSD following through lower on the back of its Thursday losses on Friday, further downside pressure is expected. Support lies at the 1.1300 level. Further down, support comes in at the 1.1250 level where a violation will aim at the 1.1200 level. A break of here will target the 1...
Analytics & Forecasts
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FXTechstrategy.com, 13 May 2016, 20:07 #forex
US: No Need for Excessive Pessimism - BNP Analysts from BNP Paribas, explained that the US labour market has been losing momentum, which could be additional evidence of the soft patch the economy went through in early 2016 and could also signal further slowdown on the horizon...
Currency
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Roberto Jacobs, 13 May 2016, 19:02
Elliott Wave Analysis: EUR/GBP Facing A Reversal Higher EUR/GBP is tracing out an ending diagonal pattern in wave C which is a part of the A-B-C pullback in red wave B). We expect this pair to find its support around 0.7828, where formal wave 4 can react as a turning point into red wave C...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 18:58
US Dollar Approaches 94.80 on Data The greenback, tracked by the US Dollar Index, is extending the rally on Friday towards the boundaries of 94.80 on upbeat US data...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 18:40
Forex Weekly Outlook May 16-20 The US dollar had another positive week, enjoying some good data. UK and US inflation data, housing figures and most importantly the FOMC Meeting Minutes stand out. These are the highlights of this week. Join us as we explore the market movers on Forex calendar...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 18:35 #forex
What do Fed Funds Futures Tell Us? Are they a Short? Do Fed Funds futures really tell us what the Fed will do? The answer to that question is a resounding “no”...
Currency
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Roberto Jacobs, 13 May 2016, 18:30
GBP/USD Falls to 3-Weeks Lows GBP/USD dropped further below 1.4400 and bottomed at 1.4339, the lowest since April 22. Then it bounced modestly off lows and it was hovering around 1.4350, a hundred pips below today’s opening price...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 18:07
USD/CAD Finds Resistance at 50-Day SMA USD/CAD pushed higher during the New York session, as the greenback continued to strengthen across the board, while oil prices remain pretty steady near recent highs. USD/CAD reached a 3-day high of 1.2957 before the 50-day SMA capped the advance...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 18:04
NZD/USD Drops Further Below 0.6700 A stronger US dollar in the currency market pushed NZD/USD further to the downside during the American session. The pair broke below 0.6800 and dropped to 0.6755, hitting the lowest level in three days. Price remains near the lows, trading at 0.6760, down 0...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 18:00 #nzdusd
EUR/USD Forecast: Dollar Gains, but Can it Last? The EUR/USD pair fell for a second consecutive week, extending the retracement from the year high at 1.1615, down to the 1.1300 region. The common currency was under pressure even though there were no major market catalyst until this Friday...
Analytics & Forecasts
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Roberto Jacobs, 13 May 2016, 17:49
Canadian Bonds Gain on Tracking Weak Crude The Canadian government bonds gained on Friday as investors pour into safe-haven assets amid losses in riskier assets including stocks and oil. The yield on the benchmark 10-year bonds, which moves inversely to its price rose 4bps to 1...
Market News
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Roberto Jacobs, 13 May 2016, 16:29
Global Economic Growth Improves But Still Hovers Around 3-Year Lows Global economic growth touched higher for the second straight month in April but remains stuck at around 3-year lows, according to data compiled by Markit...
Market News
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Roberto Jacobs, 13 May 2016, 16:26