• oversold-extremes
    HOW EXTREME OVERSOLD MARKETS CAN BE PROFITABLE

    The trading week was starting to look as though it was going to end without any excitement. Wow, did that ever change on Friday! On Wednesday Aug 24th, the stock market sold off to a level which I consider to be an extreme oversold condition for the week. While I do have several criteria as […]

  • USD/CAD intraday technical levels and trading recommendations for August 26, 2016

    On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, a lack of a significant bearish rejection was manifested during recent consolidations. On May 18, temporary bullish fixation above 1.3000 (61.8% Fibonacci level) opened the way towards the 1.3180 level where […]

  • NZD/USD Intraday technical levels and trading recommendations for August 26, 2016

    Bullish persistence above 0.6550 (the depicted support) was necessary to keep the price moving towards higher bullish targets. In February and March, signs of bearish rejection (triple-top reversal pattern) were expressed around the price level of 0.6750 until April when a bullish breakout above 0.6750 and 0.6860 was executed. Later on May 6, daily candlestick […]

  • Intraday technical levels and trading recommendations for GBP/USD for August 26, 2016

    Since January 2016, bullish persistence above 1.4500 was mandatory to maintain enough bullish strength in the market. However, the previous weekly candlesticks maintained their bearish persistence below the depicted weekly supply zone (below 1.4470), which allowed further bearish decline to occur. The prominent demand level located at 1.3845 (historical bottom that goes back to March […]

  • Intraday technical levels and trading recommendations for EUR/USD for August 26, 2016

    In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target was projected towards 0.9450. In March 2015, the EUR/USD bears challenged the next monthly demand level around 1.0570, which had been previously reached in […]

  • EUR/NZD analysis for August 26, 2016

    Recently, EUR/NZD has been moving sideways at the price of 1.5395. According to the 4H time frame, I found successful rejection from the resistance at the price of 1.5489. Watch for selling opportunities on the pullbacks. The key support level and the take profit level is set at the price of 1.5235. Fibonacci Pivot Points: […]

  • Gold analysis for August 26, 2016

    Since our previous analysis, Gold has been trading upwards. The price tested the level of $1,328.23 in a high volume. According to the 4H time frame, I found a broken trading range. Anyway, there are two options in my opinion on the gold. The first option is that Gold may reject from strong resistance cluster […]

  • Technical analysis of USD/JPY for August 26, 2016

    USD/JPY is expected to follow an upside movement. The pair is supported by a rising trend line since August 23, and is currently challenging the next resistance at 100.62, representing a key horizontal level. The upward momentum is further reinforced by its rising 50-period moving average, which acts as a support role and maintains the […]

  • Dollar Strength Depends on Interest Rate Clues

    The Dollar Index (DXY) Today, Fed Chairman Janet Yellen will make a speech at 14:00 GMT. In addition, the US Q2 GDP Growth second estimate (QoQ) annualized figure, and Goods Trade Balance for July, to be released at 12:30 GMT. The dollar index (DXY) rallied yesterday, helped by the positive Durable and Core Durable Goods […]

  • Technical analysis of NZD/USD for August 26, 2016

    Overview: The NZD/USD pair faced resistance at the level of 0.7370, while minor resistance is seen at 0.7324. Support is found at the levels of 0.7243 and 0.7180. Also, it should be noted that a daily pivot point has already set at the level of 0.7280. Equally important, the NZD/USD pair is still moving around […]

  • The Man Who Broke the Bank of England Cashes in On Gold

    George Soros, the man who “broke the Bank of England,”[1] recently made a killing in gold-mining shares before promptly cutting his ties to the yellow metal at the end of the second quarter. In the first quarter, Soros Fund Management LLC. took a $263.7 million stake in Barrick Gold Corporation, the world’s largest gold mining […]

  • Technical analysis of USD/CHF for August 26, 2016

    Overview: As expected the USD/CHF pair continues to move upwards from the zone of 0.9625 and 0.9652. Yesterday, the pair rose from the level of 0.9625 to 0.9697 which coincides with a ratio of 38.2% Fibonacci and 61.8% respectively on the daily chart. Today, resistance is seen at the levels of 0.9697 and 0.9717. So, […]

  • Bullet Report: USD Poised for Volatility Ahead of Yellen Speech

    Markets are expecting that Fed’s Chair Yellen could hint on a rate hike in the near term during her speech at the Jackson Hole symposium today at GMT 14:00. A revised set of second-quarter UK GDP figures headline the economic calendar in the European hours. Expectations point to confirmation of preliminary data showing the economy added […]

  • Will Yellen Remain Dovish ?

    Today, Fed Chairman Janet Yellen will make a speech at 14:00 GMT. In addition, the US Q2 GDP Growth second estimate (QoQ) annualized figure, and Goods Trade Balance for July, to be released at 12:30 GMT. The advance estimate of the US Q2 GDP (QoQ) released on 29th July was 1.2%, less than half of […]

  • Technical analysis of USDX for August 26, 2016

    Everyone is waiting for FED Chair Janet Yellen to speak today at Jackson Hole. The FED’s strategy regarding interest rates will be the focus on any possible hint regarding a rate increase in September. The Dollar is expected to stay calm and trade sideways until the speech later today. Red line – resistance Blue line […]

  • Global macro overview for 26/08/2016

    Global macro overview for 26/08/2016: The fresh IFO Business Climate data from Germany had been released yesterday morning and investors can clearly see that the sentiment among German businesses was wakening the last month. Market participants expected the IFO index to print the figure at the level of 108.5, a 0.2 points increase from last […]

  • Technical analysis of Gold for August 26, 2016

    Gold price is testing the $1,310 support and is in a short-term downtrend. Price is expected to continue lower towards $1,280 but first we could see a bounce towards $1,330-35 where a shorting opportunity will arise. Red lines – bearish channel Green rectangle – support area Gold price is trading inside the bearish red channel […]

  • Technical analysis of USD/CAD for August 26, 2016

    General overview for 26/08/2016: A three-wave internal corrective cycle has been made. The low for this cycle is the intraday support at the level of 1.2857. Currently, if the count is correct, the market should impulsively move to the upside, violate the intraday resistance at the level of 1.2963 and rally towards the level of […]

  • Technical analysis of EUR/JPY for August 26, 2016

    General overview for 26/08/2016: It is almost clear that the current wave development is a form of a complex corrective cycle and as long as the low volatility trading period continues, the horizontal corrective cycle is still in progress. Nevertheless, bears have managed to break out slightly below the golden trend line support, but the […]

  • Technical analysis of GBP/JPY for August 26, 2016

    GBP/JPY is expected to trade in a lower range as the bias remain bearish. The pair broke below a rising channel, which confirmed a bearish reversal. The descending 50-period moving average is playing a resistance role, and should continue to push the prices lower. Last but not least, the relative strength index broke below its […]

  • EURJPY Technical Analysis for August 26, 2016.

    Technical outlook and chart setups: The EURJPY pair is seen to be consolidating at the moment, looks to be in its wave 4 of the 5 wave’s decline that resumed from 118.45 levels earlier. It is seen to be trading at 113.50 levels at this moment, looking to continue dropping lower from here. Please note […]

  • GBPCHF Technical Analysis for August 26, 2016.

    Technical outlook and chart setups: The GBPCHF is stalling at 1.2750/60 levels at this moment, after having reversed lower from 1.2840 levels yesterday. Please note that the pair is still testing the resistance trend line and a push higher from here could open doors for 1.2880 and higher levels. The wave structure reveals that the […]

  • Elliott wave analysis of EUR/NZD for August 26 – 2016

    Wave summary: We are looking for a break above minor resistance at 1.5545 to confirm the onset of the next impulsive rally higher to 1.5839 and above. Short term we do expected minor support at 1.5385 will be able to protect the downside for the expected break above 1.5545. Trading recommendation: We are long EUR […]

  • Elliott wave analysis of EUR/JPY for August 26 – 2016

    Wave summary: There really is not anything new to add here. We remain lock in a very narrow range between 112.28 and 114.03. We slightly favor a break towards the upside for a rally to 118.70 and 122.00 as the next upside targets. Only time will tell, what way we are going to break. Trading […]

  • Silver Technical Analysis for August 26, 2016.

    Technical outlook and chart setups: Silver seems to have formed intermediary lows at $18.47 levels yesterday and is seen to be trading at $18.65 levels at this moment. Looking at the wave structure, there is no change and the metal still looks constructive for bulls to stage a rally from here. Please note that the […]

  • Gold Technical Analysis for August 26, 2016.

    Technical outlook and chart setups: Gold looks to have formed intermediary bottom at $1,318.00 levels yesterday and is seen to be trading at $1,324.00 levels at this moment. Please note that the yellow metal still looks to be constructive for bulls to regain control, till prices stay above $1,310.00 levels, which is the wave a […]

  • Daily analysis of major pairs for August 26, 2016

    EUR/USD: On this currency trading instrument, there are mixed signals. The Williams’ % Range period 20 is inot far from the oversold region while the EMA 11 is above the EMA 56. It is most likely that the Williams’ % Range would slope upwards to agree with the positions of the EMAs, forming a clean […]

  • How Much Do Wall Street Traders Really Make?

    Ever wondered if the suits in Wall Street really live extravagant lifestyles or make six-figure salaries as movies suggest? Here’s an insider look on the average salaries of financial market players based on their position and tenure. The Wall Street Oasis, which is an online community of financial professionals, came up with a survey on […]

  • Technical analysis of EUR/USD for Aug 26, 2016

    When the European market opens, some economic data will be released such as Italian 10-y Bond Auction, Private Loans y/y, M3 Money Supply y/y, GfK German Consumer Climate.The US will release the economic data too such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Fed Chair Yellen Speaks, Prelim GDP Price Index q/q, Goods […]

  • Technical analysis of USD/JPY for Aug 26, 2016

    In Asia, Japan will release the BOJ Core CPI y/y, National Core CPI y/y, Tokyo Core CPI y/y and the US will release some economic data such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Fed Chair Yellen Speaks, Prelim GDP Price Index q/q, Goods Trade Balance, Prelim GDP q/q. So there is a […]

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