When the European market opens, some economic news will be released such as French Gov Budget Balance, French Trade Balance. The US will release economic data too such as the NFIB Small Business Index, JOLTS Job Openings, so amid the reports, EUR/USD will move with low volatility during this day. TODAY’s TECHNICAL LEVELS: Breakout BUY […]
In Asia, Japan will release the Current Account, Monetary Policy Statement, Economy Watchers Sentiment, BOJ Press Conference; the US will release some economic data such as NFIB Small Business Index, JOLTS Job Openings. So there is a big probability the USD/JPY will move with low to medium volatility during the Asian session, but with low […]
USD/CAD has been in a downtrend from 1.1279 levels. In Asia’s trading session, the pair is trading at 1.0976 levels. The pair is taking support at 1.0955 level (March 06 low). In the H4 chart, RSI is giving a positive divergence. I expect the price to move upwards to the 1.1, above this, 1.1030 levels. […]
The Dollar index after being rejected by the strong resistance at 80.60-70 has pulled back as expected by our analysis we posted yesterday. The pullback could be a back test of the breakout and could have reached the Ichimoku cloud support as we mentioned yesterday. And this is what exactly happened. The Dollar index has […]
Trading recommendations: The NZD/USD pair on March 8, 2014. The resistance is going to set at the level of 0.8660. It should be noted that the level of 0.8660 is coinciding with the ratio of 78.6% Fibonacci retracement levels. Consequently, the descending movement will probably be lower than the 0.8660 level, with the targets at […]
General overview for 08/04/2014 09:10 CET The grey rectangle area provided resistance so far and the price was rejected from the higher levels. The overall picture is still bearish, but it is lacking of a momentum to the downside as there is a bullish divergence building in this pair on AO oscillator. Please notice that […]
The Weekly technical levels of USD/CHF pair. Tips: R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. Pivot lines work well on the sideways markets as the prices are most likely to be located between the R1 and S1 lines. […]
General overview for 08/04/2014 08:45 CET The grey rectangle area provided the resistance as anticipated and those of traders who entered short positions from the levels recommended yesterday should be in profit by now. Currently, there is still a possibility of downside extension to the level of 140.70 min as the price is now in […]
EUR/USD: The price has bounced upwards from the support line at 1.3700 (after it was tested rigorously last week and early this week). The upward bounce is not strong enough to render the dominant bearish bias useless, unless the price crosses the resistance line at 1.3800 to the upside and trades further higher. In effect, […]
The BOJ agreed to maintain the 0.10% interest rate and monetary policy unchanged, in line with expectations. Japan also will release February figures for its current account, which is expected to show a surplus of 618.1 billion yen following the 1.589 trillion yen shortfall in January. The US dollar weakened in front of the FOMC […]
The pair is in an uptrend at 0.87 levels. The pair made a high at 0.8952 on Friday. Currently, the pair is trading at 0.8876 in an Aisa’s trading session. The pair is facing a strong resistance at 0.88788 (50SMA); above this, 0.8928 is a strong resistance level. Below 50SMA, 0.8866 and 0.8853 are the […]
Daily chart: The USDX has made a bearish rebound near to the 80.50 level and now the USDX is approaching the support level of 80.11. If the USDX manages to consolidate below this level, it would be expected to fall to a support level of 79.19. On the other hand, if the USDX makes a […]
Daily chart: The GBP/USD continues to consolidate above the support level of 1.6540 where the bullish trend line is. Now, it is very likely that this pair will attempt to climb to the resistance level of 1.6663. However, we must be careful when placing buy orders below this level, since the GBP/USD could perform a […]
Asian shares discarded their early losses and were steady on Tuesday, although Japanese shares tumbled as the yen kept its profits even after the Bank of Japan held policy steady. MSCI’s widest index of Asia-Pacific shares outside Japan accrued 0.3%. Japan’s Nikkei stock average repelled the regional trend and slid 1.1% to hit its lowest levels in […]
The Japanese yen prolonged its two-day gains and a gauge of indicated rate swings in currency markets dropped to a seven-year low as the Bank of Japan is predicted to retain its monetary easing measures. Last month, BOJ Governor Haruhiko Kuroda said the chances were high the inflation will hit the central bank’s target of 2% next […]
US stocks plummeted on Monday with the S&P 500 listing its largest three-day plunge since January, as investors took down Internet stocks and revolved into defensive names to shield versus additional declines. Technology stocks were among the biggest losers as Amazon.com dropped 1.6% at $317.76 and Yahoo! Inc. missed 3.5% at $33.07. The Global X Social Media ETF, […]
The US dollar plunged on Monday and lost its footing as investors anticipate minutes from the Federal Reserve’s last meeting this week and European Central Bank officials implied mixed signals on possibilities for more aggressive monetary policy action. The euro rallied from an almost six-week low set at the end of last week, increasing to $1.3742 versus $1.3701. […]
Whether you’re a social investor, or a beginner trader braving the markets all by yourself, it’s always best to come at the markets knowing what to expect and how to handle the situations that can arise. The following list contains books that are highly recommended both for beginner and for advanced investors who wish to […]
European equities pare early session gains to trade lower Tuesday, pressured by fresh geopolitical drama together with declines on Wall Street overnight where tech stocks continued their descent amid worries about inflated valuations — Amazon, Facebook, Twitter and LinkedIn all registered fat losses. European tech shares fell sharply in the previous session as the declines […]
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Overview: USD/JPY is expected to trade in lower range. It is undermined by the selling of the yen crosses amid increased risk aversion (VIX fear gauge rose 4.41% to 13.96) as S&P tumbled 1.25% Friday and weaker dollar sentiment after U.S. created less-than-expected 192,000 new jobs in March (versus 200,000 forecast), while the unemployment rate […]
Overview: USD/CHF is expected to consolidate with bearish bias after hitting its seven-week high at 0.8952 on Friday. It is supported by the franc sales on soft CHF/JPY cross and on buoyant EUR/CHF cross and dovish Swiss National Bank’s monetary policy stance. But USD/CHF gains are tempered by the weaker dollar sentiment. Daily chart is […]
Overview: NZD/USD is expected to trade in higher range. It is supported by the weaker dollar sentiment, hopes of further stimulus in China and hawkish Reserve Bank of New Zealand’s monetary policy stance. But NZD/USD gains are tempered by the kiwi sales on NZD/JPY cross amid increased investor risk aversion. Daily chart is still negative-biased […]
Overview From the today’s H4 chart, we find that the pair opened this week above the support level of 170.50 and below the resistance level of 171.50. Currently, it is testing the resistance level of 171.50 to continue its bullish trend. Given that the pair continues its bullish movement and closes 4H above the resistance […]
Last week was certainly stormy. Speeches from Mario Draghi and Janet Yellen produced storms within the markets. The international situation was far from calm and the ever-surprising NFP – despite coming in at less than expected – took the USD to the highest rate in months. After a slow weekend and uneventful Monday, we seem […]
Around price level of 1.6780, a double-top pattern scenario was established with the neckline located around the price zone of 1.6620-1.6660. Daily fixation below this price zone enabled the pair to reach 1.6464 (61.8% Fibonacci) as a projection target. The recently achieved low of 1.6465 (also corresponding to a previous uptrend line) prevented further decline. […]
Since last February, the EUR/AUD pair has been moving sideways with a slightly bullish tendency. This movement was maintained above the depicted uptrend line. On March 12, the bulls failed to establish an ascending top. Instead, a double-top reversal pattern was established at 1.5500. The neckline was located at 1.5200-1.5170. Success of the Double Top […]
Daily fixation below 1.3870 gathered enough bearish pressure to push towards the recent demand zone around 1.3700. Thus, the EUR/USD pair established a new supply level at 1.3845. It rejected the bulls on March 24 strongly so any further visits should be considered for selling. At the end of the previous week, there has been […]
