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Once again investors started the week on the back foot as geopolitical tensions escalate over the week-end. With the exception of Chinese equities, which enjoyed a smooth session on Monday, global equities slid in negative territory. The Nikkei was off 0.93%, while the broader Topix index fell 0...
Gap lower. (By Peter Rosenstreich) • Bitcoin has set a new all-time high but declined today confirming increasing selling pressures. Monitor the key support at 4480. Strong support...
Challenging the key resistance at 47.15. (By Peter Rosenstreich) • Crude oil is showing some buying interest near key support at 45.46. Strong resistance can be found at 50.41 (31/07/2017). Hourly support is...
Bulls take-out resistance at 17.75. (By Peter Rosenstreich) • Silver has broken its key resistance at 17.75 opening the way for a test of the strong resistance at 18.65 (17/04/2017 high) while...
Dominate bullish pressure. (By Peter Rosenstreich) • Gold is strengthening with a sizable bullish gap on at the open. Hourly support is given at a distance 1251 (08/08/2017 low). Stronger support...
Uptrend line holds. (By Peter Rosenstreich) • EUR/CHF uptrend is supporting the pair bullish momentum. Hourly resistance lies at 1.1538 (04/08/2017 high). Hourly support is located at...
Monitor the key support at 0.9142 (By Peter Rosenstreich) • EUR/GBP's has weakened thru uptrend but support at 0.9142 should hold. Hourly resistance lies at 0.9306 (29/07/2017 high). Hourly support is...
Rising towards the strong resistance at 0.7986. (By Peter Rosenstreich) • AUD/USD has bounced off uptrend support, opening the way for a test of strong resistance at...
Trying to bounce near the old support at 1.2414. (By Peter Rosenstreich) • USD/CAD selling pressures are back after breaking hourly support at 1.2414 (27/07/2017...
Bouncing. (By Peter Rosenstreich) • USD/CHF is trading mixed with strong volatility. Strong resistance is given at 0.9771 (15/06/2017 high). The pair is likely to head...
Preparing to challange support. (By Peter Rosenstreich) • USD/JPY further declined today confirming increasing selling pressures. The pair has failed to test resistance at 111.05 (04/08/2017 high...
Grinding higher. (By Peter Rosenstreich) • GBP/USD is recovering after its recent massive sell-off. Monitor the test of resistance at 1.2995 (01/09/2017). Hourly support is given at 1.2774...
Consolidation. . (By Peter Rosenstreich) • EURUSD is consolidating after massive bullish rally. Hourly resistance can be found at 1.2070 (29/08/2017 high) while hourly support lies at...
The GDP growth in the UK this year has significantly slowed. Economic growth in the 1st and 2nd quarters was half that of the last three months of 2016...
In real life more is better, for example if a factory increase its work hours will probably also increase it output that can also translate to more profits, but in trading this is not likely the case because the more you trade in the market the more you are are exposed to risk, of course it can a...
The New Zealand dollar remains in the medium-term bearish trend. Another correction came to an end last week, a new impulse wave is developing. The nearest mid-term pullback selling opportunity may appear this week. NZDUSD. Technical analysis and COT net position indicator...
The support level on the Daily timeframe was broken on Monday. The market broke through the triangle formed earlier in the direction of professional participants’ trades, the trend is bearish now. The correction can come to an end this week...
The resistance level on the Daily timeframe was broken on Monday, the gold and silver markets broke through the triangles formed earlier in the direction that corresponds to the opinion of large speculators and hedgers. The Daily trend is bullish, an active impulse wave is developing...
USDCHF remains in the mid-term downtrend, a correction on the Daily timeframe is coming to an end. The market is around the nearest resistance level, the highs of August 22-23...
