Daily chart As we mentioned in our analysis on Thursday, В the USD/CHF has fallen below the 5/8 line (green line), so the picture becomes bearish in the short term. As we know the line 5/8 comes to be the top line of its trading range, now it comes to be a resistance to take into […]
В The NZD/USD pair “Kiwi Dollar”:В Resistance: 0.8340 (sell below this level).В Support: 0.8173 (buy above this level for retesting this level for a short period). Expect a new range around 80 pips on January 10, 2013. Trading Recommendations: According to the previous events, the price is still between the levels of 0.8295 and 0.8175.В […]
В Overview:В According to the previous events, the price of the USD/CHF pair has still been movin between the levels of 0.9115 and 0.9003. In the same away, the range of the pair was around 60 pips today. Volatility was only 54,56; therefore, the market indicates lower volatility, so we expect medium volatility on January […]
Technical outlook and chart setups: 1. Gold is stalling between $1,224.00-$1,230.00 for now. It is still recommended to remain flat at current levels. 2. Intermediary resistance is at $1,250.00, followed by $1,267.00/70.00, while supports are spread through $1,207.00 (the fibonacci 0.618 support level), followed by $1,200.00 and $1,182.00 respectively. 3. The structure reveals that a […]
Technical outlook and chart setups: 1. Silver is preparing to initiate a rally from the current levels of $19.50/60. As seen here, the metal is testing the backside of the broken resistance line. It is recommended to remain long from positions initiated yesterday. 2. Immediate resistance is at $20.50, while support is at $18.70/80, followed […]
Technical outlook and chart setups: 1. Prices have remained seemingly unchanged since yesterday. After breaking the immediate support line, the EUR/JPY has consolidated for a while now. Aggressive trade setup would be to initiate long positions now at 142.70/80. Risk remains at 141.50. 2. Immediate resistance is at 145.50, while supports are spread through 141.50 […]
Technical outlook and chart setups: 1. As seen here, GBP/CHF has taken out resistance at 1.5000 levels recently. Yesterday’s fall can be termed as corrective yet. It is recommended to remain flat for a while and allow the correction to complete. 2. Immediate temporary resistance is at 1.5020, while supports are spread through 1.4800 followed […]
Daily Chart After the last bounce this morning, USD/CHF appears to be forming the figure. Closing the day above 0.9094, it is confirmed that we would be faced correction of 5 consecutive days to the upside. This possible correction could find its support on the neutral line of 4/8 (blue line) after that it would […]
Overview As 4H chart shows, closing below the resistance level of 172.75 gives the price an opportunity for a slightly bearish move again. As it is shown here, currently, the price is trying to continue its bearish move by breaking the support level of 171.50 and closing 4H below. In that case, we may […]
The U.S. Dollar Index has broken above 81 and this is the first good bullish sign. Short-term resistance is found at 81.30 and at 81.50 as shown in the 4 hour chart below. Breaking above these levels will be bullish for the intermediate-term trend and it gives us 82.5 as the first target. If the […]
Prices have fallen towards $1,225 as we expected from our last analysis. This decline could very well be wave B of the corrective pattern we are currently in. So now we should expect an upward bounce as wave C towards $1,275. Short term resistance is found at $1,245 and then at $1,275. Short term support […]
Overview: The USD/JPY is in range-trade underpinned by positive dollar sentiment (ICE spot dollar index last 81.07 versus 80.86 early Wednesday) after ADP reported that U.S. private-sector jobs rose more-than-expected 238,000 in December (versus +200,000 forecast), its strongest increase in 13 months. The USD/JPY was also supported by higher U.S. Treasury yields; demand from Japan […]
Daily СЃhart.В Crude oil futures settled at a six-week low on Wednesday, dropping below $93 a barrel after the U.S. government report showed that crude supplies fell for a sixth straight week, but by less than expected. Still, news of strong growth in private-sector jobs in December helped buoy prospects for energy demand, while concerns over […]
OverviewВ As shown in the today’s H4 chart, the metal failed again to break the Support level 19.50 and is still trading between the Support level and below the Resistance level 19.75. Currently, it is bouncing from the Support level and starting for the bullish move. So we still suggest waiting for closing above the […]
Thursday’s European Session was livened up with two key events – the Bank of England and European Central Bank policy announcements. Sterling jumped against the dollar after the BoE announced it held its benchmark interest at a record low 0.50% and its bond-buying target at 375 billion as expected. The central bank’s monetary policy committee […]
By the end of 2013, the bulls managed to recordВ a new high for the year at 1.6576. This was achieved after stabilization of 1.6250 as a support level. Bearish pressure was applied at price level of 1.6590 to get the pair back again belowВ 1.6460-1.6500 after management of the bulls to breakthrough this zone for a […]
Daily chart: The USDX has managed to climb to the 200 day moving average near the level of 81.05 and now the USDX is making a bearish rebound. It is very likely that this is a corrective bullish trend in favor of the current trend, since the mid-term target is the resistance level of 81.50, […]
Daily chart: This pair is consolidating above support level of 1.6447. It is very likely that this pair will rise to the resistance level of 1.6540, but we must remember that the GBP/USD is still forming a higher low pattern. If the pair manages to break the support level at 1.6447, it is expected to […]
Overview: NZD/USD is trading with bearish bias. It is undermined by positive dollar sentiment; Kiwi sales in soft NZD/JPY cross amid receding investor risk appetite; weak commodity prices; concerns over tepid China economic outlook. But NZD/USD losses are tempered by Kiwi demand in soft AUD/NZD cross; caution ahead of Friday’s U.S. December non-farm payroll report. […]
Overview: GBP/JPY is trading in a higher range. It is undermined by decreased investor risk appetite; Japan exporter sales. But GBP/JPY losses are tempered by demand from Japan importers. Daily chart is negative-biased as MACD and stochastics are in the bearish mode; the five-day moving average is below 15-day MA and declining.В Trading recommendation: The […]
Overview: USD/CHF is consolidating with bullish bias after hitting six-week high 0.9126 Wednesday. It is supported by positive dollar sentiment; franc sales in soft CHF/JPY cross. But USD/CHF gains are tempered by caution before Friday’s U.S. December non-farm payroll report. Daily chart is positive-biased as MACD and stochastics are bullish, although the latter in overbought […]
The USD/CAD pair has been strongly bullish since September 16. The current Bullish momentum startedВ when obvious bullish rejection was expressed on testing of 1.0250 (shown on the depicted chart). Daily fixation above 1.0575 enabled the pair to reach 1.0660 then 1.0700. A consolidation zone was established between 1.0575-1.0700 (the upper limit of which applied successive […]
Bullish movement above 1.3450 within the depicted bullish channel allowed the pair to reach further supply levels around 1.3650 then 1.3750, respectively. This was taking place until obvious bearish rejection was expressed at 1.3850 (failing to reach 100% Fibonacci Expansion at 1.3904). Few days later, the bulls managed to break down the lower limit of […]
Breakthrough above 1.6240-1.6300 took place in December when another consolidation range was established between 1.6240-1.6450. The last bullish impulse was initiated towards 1.6570-1.6600 in an attempt of bulls to record new highs in 2013.В The last bearish rejection took place on Thursday (January, 2) when bearish pressure was applied near the level of 1.6600 (the […]
The release of the minutes from the latest Federal Open Market Committee (FOMC) meeting on December 17/18 signaled that perhaps the market was underestimating the Fed’s willingness, if not to actually tighten soon, to reduce the amount of monetary stimulus. During the meeting, certain Fed Governors noted that the benefit from additional asset purchases seemed […]
Overview: Since our last analysis, the EUR/NZD pair has been trading upward movement, price rejected from the level of 1.6347 and tested level of 1.6489 . As you can see on the 1H chart, strong demand on ultra high volume entered В the market which is good sign for possible major bullish continuation. Since our FE […]
Overview:В The AUD/USD pair had fallen from the level of 0.9010 has extended further to as low as 0.8823 to form double bottom since December 18, 2012, and it closed at the 0.8890 level yesterday. Consequently, it should take in account two important observations: the price has formed a strong support around the double bottom […]
В General overview for 09/01/2014 11:30 CET The first of the target zones, marked as yellow rectangle on the chart, has been reached yesterday. The price retraced slightly then and currently is trying to reach the upper target zone, makred as orange rectangle on the chart. This zone is the final target area for wave v […]
Overview: Since our last analysis, gold has been trading upward movement, as like we expected, the price tested level of 1,226.94 on lower volume (below the average). The price rejected again from our SR zone at price 1,219.00 . We can also observe selling climax at 1,218.00, which is a sign that selling at this […]
В Daily pivot point: 1.6435 Overview:В The GBP/USD pair has still been trapping between the level of 1.6480 and the 1.6400 level. Furthermore, it should be noted the following observations:В The trend: the trend still calls for a bullish market from the level of 1.6366, For that the market will be an upward today.В Support: 1.6370 […]
