Intraday technical levels and trading recommendations for GBP/USD for March 3, 2015

A bearish breakout below 1.5550 directly exposed lower targets. Bears have already pushed towards the price levels of 1.5050 and 1.4960, which have not been visited since July 2013. Around the price levels of 1.5050 and 1.4960 the market has established another consolidation zone, which extended up to the price levels of 1.5280. Two weeks […]

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Intraday technical levels and trading recommendations for GBP/USD for March 3, 2015

A bearish breakout below 1.5550 directly exposed lower targets. Bears have already pushed towards the price levels of 1.5050 and 1.4960, which have not been visited since July 2013. Around the price levels of 1.5050 and 1.4960 the market has established another consolidation zone, which extended up to the price levels of 1.5280. Two weeks […]

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Intraday technical levels and trading recommendations for GBP/USD for March 3, 2015

A bearish breakout below 1.5550 directly exposed lower targets. Bears have already pushed towards the price levels of 1.5050 and 1.4960, which have not been visited since July 2013. Around the price levels of 1.5050 and 1.4960 the market has established another consolidation zone, which extended up to the price levels of 1.5280. Two weeks […]

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Intraday technical levels and trading recommendations for GBP/USD for March 3, 2015

A bearish breakout below 1.5550 directly exposed lower targets. Bears have already pushed towards the price levels of 1.5050 and 1.4960, which have not been visited since July 2013. Around the price levels of 1.5050 and 1.4960 the market has established another consolidation zone, which extended up to the price levels of 1.5280. Two weeks […]

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Technical analysis of Silver for August 13, 2015

Technical outlook and chart setups: Silver has pushed through the fibonacci 0.786 resistance levels around $15.60 for now. The metal is seen to be producing a bearish evening star candlestick pattern at the moment, indicating a potential pullback lower. It is hence recommended to remain flat for now, while aggressive trade setup could be to […]

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Technical analysis of Silver for August 13, 2015

Technical outlook and chart setups: Silver has pushed through the fibonacci 0.786 resistance levels around $15.60 for now. The metal is seen to be producing a bearish evening star candlestick pattern at the moment, indicating a potential pullback lower. It is hence recommended to remain flat for now, while aggressive trade setup could be to […]

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Intraday trading recommendations on USD/CAD for September 11, 2014

The pair has been facing strong resistance at 1.0986 on a closing basis. Even though the pair breached this level, it is unable to close above that level which produces selling pressure whenever it touches that 1.0986 on a daily closing basis. In yesterday’s session, the pair drifted towards 23.6 fib level. Today, it opened […]

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Intraday trading recommendations on USD/CAD for September 11, 2014

The pair has been facing strong resistance at 1.0986 on a closing basis. Even though the pair breached this level, it is unable to close above that level which produces selling pressure whenever it touches that 1.0986 on a daily closing basis. In yesterday’s session, the pair drifted towards 23.6 fib level. Today, it opened […]

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Intraday trading recommendations on USD/CAD for September 11, 2014

The pair has been facing strong resistance at 1.0986 on a closing basis. Even though the pair breached this level, it is unable to close above that level which produces selling pressure whenever it touches that 1.0986 on a daily closing basis. In yesterday’s session, the pair drifted towards 23.6 fib level. Today, it opened […]

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Intraday trading recommendations on USD/CAD for September 11, 2014

The pair has been facing strong resistance at 1.0986 on a closing basis. Even though the pair breached this level, it is unable to close above that level which produces selling pressure whenever it touches that 1.0986 on a daily closing basis. In yesterday’s session, the pair drifted towards 23.6 fib level. Today, it opened […]

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Daily analysis of GBP/JPY for May 19, 2014

Overview From the today’s H4 chart, we can notice that the pair opened this week below the resistance level of 171.00 which would give the pair a good opportunity to start its bearish move. Actually and as shown, the pair took a slightly downward move and currently is trading above the support level of 170.00 […]

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Daily analysis of GBP/USD for October 22, 2015

A current intraday trand is calling for a correction in favor of bearish force. So the pair could make a rebound above the 200 SMA in the H1 chart, with a possible target towards the resistance level of 1.5458, which is a level that has been tested several times. However, this scenario could change when […]

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Daily analysis of GBP/USD for October 22, 2015

A current intraday trand is calling for a correction in favor of bearish force. So the pair could make a rebound above the 200 SMA in the H1 chart, with a possible target towards the resistance level of 1.5458, which is a level that has been tested several times. However, this scenario could change when […]

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Daily analysis of GBP/USD for October 22, 2015

A current intraday trand is calling for a correction in favor of bearish force. So the pair could make a rebound above the 200 SMA in the H1 chart, with a possible target towards the resistance level of 1.5458, which is a level that has been tested several times. However, this scenario could change when […]

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Daily analysis of GBP/USD for October 22, 2015

A current intraday trand is calling for a correction in favor of bearish force. So the pair could make a rebound above the 200 SMA in the H1 chart, with a possible target towards the resistance level of 1.5458, which is a level that has been tested several times. However, this scenario could change when […]

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Daily analysis of GBP/USD for October 22, 2015

A current intraday trand is calling for a correction in favor of bearish force. So the pair could make a rebound above the 200 SMA in the H1 chart, with a possible target towards the resistance level of 1.5458, which is a level that has been tested several times. However, this scenario could change when […]

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Daily analysis of GBP/USD for October 22, 2015

A current intraday trand is calling for a correction in favor of bearish force. So the pair could make a rebound above the 200 SMA in the H1 chart, with a possible target towards the resistance level of 1.5458, which is a level that has been tested several times. However, this scenario could change when […]

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Daily analysis of GBP/USD for October 22, 2015

A current intraday trand is calling for a correction in favor of bearish force. So the pair could make a rebound above the 200 SMA in the H1 chart, with a possible target towards the resistance level of 1.5458, which is a level that has been tested several times. However, this scenario could change when […]

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Daily analysis of GBP/USD for October 22, 2015

A current intraday trand is calling for a correction in favor of bearish force. So the pair could make a rebound above the 200 SMA in the H1 chart, with a possible target towards the resistance level of 1.5458, which is a level that has been tested several times. However, this scenario could change when […]

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Technical analysis of USD/JPY for August 14, 2015

In Asia, Japan will not release any economic data. However, the US will release some macroeconomic data such as Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Core PPI m/m, and PPI m/m. So there is a big probability the USD/JPY pair will move with low to medium volatility […]

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Technical analysis of USD/JPY for August 14, 2015

In Asia, Japan will not release any economic data. However, the US will release some macroeconomic data such as Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Core PPI m/m, and PPI m/m. So there is a big probability the USD/JPY pair will move with low to medium volatility […]

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Technical analysis of USD/JPY for August 14, 2015

In Asia, Japan will not release any economic data. However, the US will release some macroeconomic data such as Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Core PPI m/m, and PPI m/m. So there is a big probability the USD/JPY pair will move with low to medium volatility […]

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Technical analysis of USD/JPY for August 14, 2015

In Asia, Japan will not release any economic data. However, the US will release some macroeconomic data such as Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Core PPI m/m, and PPI m/m. So there is a big probability the USD/JPY pair will move with low to medium volatility […]

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Technical analysis of USD/JPY for August 14, 2015

In Asia, Japan will not release any economic data. However, the US will release some macroeconomic data such as Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Core PPI m/m, and PPI m/m. So there is a big probability the USD/JPY pair will move with low to medium volatility […]

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Technical analysis of USD/JPY for August 14, 2015

In Asia, Japan will not release any economic data. However, the US will release some macroeconomic data such as Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Core PPI m/m, and PPI m/m. So there is a big probability the USD/JPY pair will move with low to medium volatility […]

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Technical analysis of USD/JPY for August 14, 2015

In Asia, Japan will not release any economic data. However, the US will release some macroeconomic data such as Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Core PPI m/m, and PPI m/m. So there is a big probability the USD/JPY pair will move with low to medium volatility […]

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Technical analysis of USD/JPY for August 14, 2015

In Asia, Japan will not release any economic data. However, the US will release some macroeconomic data such as Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Core PPI m/m, and PPI m/m. So there is a big probability the USD/JPY pair will move with low to medium volatility […]

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Elliott wave analysis of EUR/JPY for November 19 – 2014

Today’s support and resistance levels: R3: 147.59 R2: 147.39 R1: 147.05 Current spot: 147.03 S1: 147.00 S2: 146.78 S3: 146.38 Technical summary: The possible b-wave of the expanded flat pattern has extended higher and is closing in on the maximum target at 147.59. This resistance has to protect the upside for a break below support […]

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Silver daily analysis for December 25, 2014

Overview In the today’s H4 chart, silver has stabilized above the support level of 15.50 and could not break it, and currently it is bouncing towards the resistance level of 16.00 to test it. So, we still suggest waiting for closing above the resistance level to give us a new opportunity for more buy signals […]

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Silver daily analysis for December 25, 2014

Overview In the today’s H4 chart, silver has stabilized above the support level of 15.50 and could not break it, and currently it is bouncing towards the resistance level of 16.00 to test it. So, we still suggest waiting for closing above the resistance level to give us a new opportunity for more buy signals […]

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