Damiano Fabiański / Profile

Prices may be setting up for a pullback after rallying as expected having put in a Bullish Engulfing candle pattern. The emergence of negative RSI divergence below resistance at 10560, the 50% Fibonacci retracement, warns of ebbing upside momentum. A daily close below the 38...

The pound was little changed against the U.S. dollar on Thursday, after the Bank of England left interest rates unchanged and announced no change to its asset purchase facility program. GBPUSD hit 1...

The moving average envelope is a variant application to the moving average. It is a trading band composed of two moving averages, which attempts to determine the range of market should be trading in...

What are support and resistance? Support levels are prices where buyers have shown or are likely to show strength. Resistance levels are prices where sellers are likely to be strong. Support Support levels essentially give the market a 'floor', since they are areas where buyers tend to be strong...

Fundamental Forecast for Pound: Bearish British Pound breakdown looks like the real deal, further losses ahead Disappointing UK Manufacturing data sends the GBP to fresh lows Traders sent the Sterling lower for the fourth-consecutive trading week, and whether it can recover into the new month may...

Bollinger Bands Indicator is also used to identify periods when a currency price is overextended. The guidelines below are considered when applying this indicator to a sideways trend. It is very important because it is used to give indications that a break out may be upcoming...

Prices are drifting cautiously lower having topped below $1350/oz three weeks ago. Near-term support is in the 1281.38-87.13 area, marked by a falling trend line set from late June and the 38.2% Fibonacci expansion. A break below that on a daily closing basis exposes the 50% level at 1269.22...

Forex trading is considered as much harder field than science. It includes numbers, ratios and charts that are complicated to understand by most people especially those who do not have any idea what Forex trading is...

Easing rates during the financial panic in 2008 was the right move in stopping the economy from plunging over a cliff. By late 2010, however, the recovery was already under way and the unemployment rate was falling, but the Fed kept the federal funds rate just above zero...

Having lost more than $14 billion already this year, Russia’s 19 billionaires face an increasingly uncertain future, as Western sanctions begin to bite. Steel tycoon Vladimir Lisin dropped $2...

The silver markets had a very strong showing during the course of the week, breaking above the $20.50 level. In fact, Thursday was a source of most of the gains, and it now looks like we are heading towards the $22 handle...

Fundamental Forecast for Pound: Bullish GBP/USD Hits Fresh Session Highs, Breaks 1.7100 Handle After UK CPI British Pound is an Attractive Buy on Dips The Bank of England (BoE) Minutes and the U.K...

Fundamental Forecast for Dollar: Bullish Consumer inflation (CPI) stats will look to take control of rate forecasts led astray by Treasury demand Volatility measures can’t fall much further, and that imbalance offers immediate benefit to the US Dollar There was a considerable commotion in the fin...