• Gold analysis for September 28, 2016

    Since our previous analysis, gold has been trading downwards. As I expected, the price tested the level of $1,322.23 in a high volume. The second take profit level at the price of $1,326.50 from yesterday has been met. The intraday trend is downward. So, be careful when buying Gold at this stage and watch for […]

  • EUR/NZD analysis for September 28, 2016

    Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5486 in a high volume. I found a broken downward trendline, which is a sign that buyers came on the market and that selling EUR/NZD at this stage looks risky. My advice is to watch for buying opportunties on the dips. Using the […]

  • Technical Analysis : USDCAD Tests Major Resistance, Gold Fails to Break the Downtrend

    USDCAD remains bullish, yet it has retraced since Tuesday 27th, after testing the major resistance at 1.3240. The selling pressure above this level is heavy, the bullish momentum is likely to be restrained at this level. The resistance level is at 1.3240, followed by 1.3280 and 1.3300. The support line is at 1.3200, followed by […]

  • Global macro overview for 28/09/2016

    Global macro overview for 28/09/2016: Interesting statements the Bank of England’s Governor Carney hit the Scottish mass media yesterday. Regarding the UK economy performance after the Brexit, he said: “We expected a material slowing in the economy as a consequence of the decision to Leave…That is not a comment on the long-term prospects for the […]

  • AUD/USD right at selling area, time to sell

    The price is now at 0.7680 resistance (Fibonacci projection, Fibonacci retracement, horizontal pullback resistance) and we expect a pullback from this level to 0.7600. RSI (34) is still below 67% resistance and pullback resistance. Sell below 0.7680. Stop loss is at 0.7735, take profit lies at 0.7600. The material has been provided by InstaForex Company […]

  • AUD/NZD back to selling area, remain bearish

    The AUD/NZD pair is back to our major resistance at 1.0550 (horizontal overlap resistance, Fibonacci retracement, Fibonacci projection) where we expect a reaction to a new drop to 1.0445 Stochastic (21,3,3) is below pullback resistance of 72% from which we expect a reaction. Sell below 1.0550. Stop loss is at 1.0630, take profit lies at […]

  • Technical analysis of USDX for September 28, 2016

    The Dollar index continues to trade sideways between the important levels of 96.50 and 94.60. The sideways choppy action does not favor short-term traders; they’d better be patient. Blue line – support Red line – resistance Green lines – trading range The Dollar index continues to trade around the 4 Ichimoku cloud inside a tight […]

  • Technical analysis of USD/CAD for September 28, 2016

    General overview for 28/09/2016: The golden trend line is still providing the dynamic support for the price on the intraday time frame, but now it is only a matter of time when this support will be violated. The bottom for the wave v of the wave (c) has been established at 1.3000, and now the […]

  • Technical analysis of gold for September 28, 2016

    The gold price has broken short-term support yesterday and is pulling back towards important short-term support at $1,320. The price is expected to reverse upwards from current levels. The rejection below $1,350 is not a good sign, but the price remains above the critical support of $1,300 and inside the long-term sideways channel. The gold […]

  • Technical analysis of EUR/JPY for September 28, 2016

    General overview for 27/09/2016: The corrective cycle in wave (ii) looks now completed, but none of the important key levels has been violated yet. The first key level for bulls is the intraday support at 112.07, so any break out below this level would invalidate the impulsive count, evolving the simple abc corrective structure into […]

  • Technical analysis of USD/JPY for September 28, 2016

    USD/JPY is expected to trade with bearish bias. The pair is trading below its key horizontal resistance at 101.10, and is likely to test its next support at 100.05. At the same time, the relative strength index is below its neutrality area at 50, and lacks upward momentum. The New York-based Conference Board’s consumer confidence […]

  • Hedge Fund Strategies

    Evdokia Pitsillidou, Risk Associate, easyMarkets Hedge Funds gained a great deal of traction back in the nineteen eighties when investors sought out new opportunities outside of the securities and bond markets.  Most investors should be concerned with asset allocation which is paramount as part of their investment strategy. Investors realize that by utilizing hedge funds […]

  • Technical analysis of USD/CHF for September 28, 2016

    USD/CHF is expected to trade in upper range as the bias remains bullish. The pair is trading above its rising 50-period moving average which is playing a support role, and maintains a bullish view. At the same time, a support base at 0.9675 has formed, and the downside room should be limited by this level. […]

  • The Brexit Effect Hits UK Salaries, but Possibly Boosts Tourism

    The United Kingdom’s decision to leave the European Union (EU) on June 23 may have transformed Britain’s economic outlook for the foreseeable future. According to recent data published by job search engine Adzuna, the immediate impact of the so-called Brexit has been on wages. In July, the average advertised UK salary was £32,688, down 2.4% […]

  • Technical analysis of NZD/USD for September 28, 2016

    NZD/USD is expected to trade with bullish bias above 0.7265. The pair is consolidating but is still standing firmly above its horizontal support at 0.7265. Meanwhile, the 50-period moving average is heading upward and maintains the upside bias. In addition, the relative strength index lacks downward momentum. To conclude, as long as 0.7265 holds on […]

  • Elliott wave analysis of EUR/NZD for September 28, 2016

    Wave summary: We have seen the expected corrective decline in the wave [ii] to 1.5288 and now the price is likely to rally strongly above the resistance at 1.5553 towards 1.5969 and likely even higher to 1.6491. The support at 1.5288 is expected to act as a floor for the next impulsive rally. However, only […]

  • Technical analysis of GBP/JPY for September 28, 2016

    GBP/JPY is under pressure. The pair has broken below its 50-period moving average which plays resistance role now and consolidated on the downside. The relative strength index is below its neutrality level and lacks upward momentum. Additionally, 131.25 acts as a key resistance, which should limit the upside potential. As long as 131.25 holds on […]

  • Sagging Fed expectations

    As discussed yesterday, markets will increasingly obsess about the US election over the coming few weeks, but beneath that the economy will determine if the Fed hikes interest rates before the year is out. After the last meeting, the chance of an increase in rates by year end was out over 60%, with that reading […]

  • Elliott wave analysis of EUR/JPY for September 28, 2016

    Wave summary: As expected, the minor resistance at 113.62 capped the upside for a new decline to below 112.48, but the price needs to break below the support at 112.05 to accelerate the downward movement closer to 108.58. In the short term, we expect minor resistance around 113.06 to cap the upside for the next […]

  • EURUSD Technical Analysis for September 28, 2016.

    Technical outlook and chart setups: The EURUSD has now dropped further as expected and discussed yesterday. The pair has made lows at 1.1190 levels before pulling back towards 1.1225 only to find resistance there. It is seen to be trading at 1.1207 levels at this moment, and is expected to drop further towards 1.1180 and […]

  • Silver Technical Analysis for September 28, 2016.

    Technical outlook and chart setups: Silver has further dropped towards fresh lows at $19.00 levels before pulling back slight higher. The metal is seen to be trading at $19.07 levels at this moment and it should be looking to produce a counter trend rally any time now. Please note that the trend line support will […]

  • Gold Technical Analysis for September 28, 2016.

    Technical outlook and chart setups: Gold finally gives in to bearish break out as expected and discussed earlier. The metal has broken lower and has made fresh intraday lows at $1,324.00/25.00 levels as depicted here. Please also note that the wave structure still indicates for a continued push lower towards $1,320.00 levels at least. The […]

  • Technical analysis of EUR/USD for Sept 28, 2016

    When the European market opens, some economic data will be released such as GfK German Consumer Climate. The US will also publish some reports such as crude oil inventories, durable goods orders m/m, core durable goods orders m/m. Amid the news, EUR/USD is expected to move with a low to medium volatility today. TODAY’S TECHNICAL […]

  • Technical analysis of USD/JPY for Sept 28, 2016

    In Asia, Japan won’t release any economic data today, but the US will reveal such reports as crude oil inventories, durable goods orders m/m, core durable goods orders m/m. Therefore, the USD/JPY is likely to move with low to medium volatility today. TODAY’S TECHNICAL LEVEL: Resistance. 3: 101.07. Resistance. 2: 100.87. Resistance. 1: 100.67. Support. […]

  • Daily analysis of major pairs for September 28, 2016

    EUR/USD: This pair is bullish in the short-term, but the event of Tuesday has shown that, unless bulls show determined effort to continue pushing up the market, bears are intent on scuttling their effort. A movement below the support line at 1.1150 would result in the end of the short-term bullishness of the market. A […]

  • Daily analysis of USDX for September 28, 2016

    The index failed to consolidate above the 200 SMA at H1 chart during Tuesday’s session, the day of the US presidential debate. Currently, it’s expected that the USDX index can resume the bearish bias to reach the psychological level of 95.00. However, if we see a breakout above the resistance level of 95.79, then further […]

  • Daily analysis of GBP/USD for September 28, 2016

    GBP/USD managed to recover above the support level of 1.2948, as the sterling strengthened during Tuesday’s session. Currently, it’s aiming to test the 200 SMA on the H1 chart, where a dynamic resistance can be found. If the pair does a pullback there, it will resume the bearish trend to reach the 1.2900 psychological level […]

  • Daily analysis of GBP/JPY for September 27, 2016

    Overview The GBPJPY pair has been trading sideways since yesterday and fluctuating around the 129.60 support. The pair is still forming a solid barrier against the recent negative attempts, thus the way for a new bullish rebound will remain open as long as this support line remains intact. The price is likely to attempt to […]

  • Daily analysis of EUR/JPY for September 27, 2016

    Overview The EURJPY pair moves within a tight range affected by the stability of the 112.30 support, settling below the 114.20 resistance until this moment. Besides, the ongoing contradiction of the major indicators supports the sideways domination for the current period. The price is likely to breach one of the mentioned levels. Consolidation within the […]

  • Daily analysis of Gold for September 27, 2016

    Overview The tight range continues to dominate in gold price trading. The price moves near the key resistance that declines now to $1,345.00, and the EMA50 keeps providing the positive support to the price, while stochastic attempts to gain the positive momentum on the intraday basis. Therefore, these factors favor the bullish trend scenario in […]