USD/CHF is expected to trade in the upside as the bias remains bullish. The pair stands firmly above its horizontal support at 0.9630 and is likely to post further advance. At the same time, the relative strength index lacks downward momentum. In conclusion, as long as 0.9630 is not broken, further upside is expected with […]
NZD/USD is expected to trade in a higher range as the bias remains bullish. The pair has reversed up and is likely to challenge the horizontal resistance at 0.7200 in sight. Meanwhile, a bullish cross has been identified between the 20-period and 50-period moving averages. Even though a continuation of the consolidation cannot be ruled […]
GBP/JPY is under pressure. The decision by UK voters to exit the European Union sent shockwaves across global financial markets. The pair stays below 147.50 and remains capped by the 50-period moving average. The relative strength index is badly directed. As long as 147.50 holds as the key resistance, a drop toward 133.30 and even […]
When the European market opens, some economic news will be released such as Private Loans y/y and M3 Money Supply y/y. The US will release economic data too such as the Flash Services PMI and Goods Trade Balance. So amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY’S TECHNICAL […]
In Asia, Japan will not release any economic data, but the US will release some economic data such as the Flash Services PMI and Goods Trade Balance. So there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. 3: 102.72. Resistance. 2: 102.52. Resistance. 1: […]
EUR/USD: Last Friday, this pair underwent its largest single-day pulldown this year, and this has resulted in a Bearish Confirmation Pattern on the chart. Since the outlook on the EUR/USD is bearish this week, further downward movement could be seen, which means the support lines at 1.1050 and 1.0000 would be reached this week. Those […]
The “Brexit” has been decided by UK citizens, and markets around the globe started to show huge volatile moves. GBP/USD is the main one that felt the consequences of that decision. Currently, the pair is trading into historical lows and is finding support at the 1.3653 level. To trade the Cable during this week at […]
The H1 chart structure is showing a bullish pattern in formation above the support level of 95.20, after a reaction higher by the Brexit referendum’s results. This put the Index into a very strong bullish scenario above the 200 SMA, and a possible breakout above the 95.89 level will open the doors to test the […]
Japan’s Deputy Chief Cabinet Secretary Hiroshige Seko said all possible measures need to be taken to ensure market stability with a close eye on short-term moves in financial markets. The spokesman said the Japanese government would keep an eye on the Brexit’s impact on the real economy of the country. He noted that the government […]
Oil prices fell almost a percent on Monday, continuing distinct declines after the United Kingdom’s vote to exit the EU triggered a significant selloff in global markets on Friday in order to avoid risks. London Brent crude declined 24 cents at $48.17 a barrel on Sunday from the $48.41 on Friday. NYMEX crude fell 26 […]
Asian stocks and the pound dropped beyond 2% in early trade on Monday as markets try to dismiss the great uncertainty brought on by the Brexit. U.S. S&P mini futures ESc1 slipped 0.7% to 2,004 on Monday, while MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1.2%. On the other hand, Japan’s Nikkei climbed […]
Below is a weekly summary of our research findings for 6/20/16 through 6/24/16. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs. Subscribers: To receive these weekly digests via email, click here to sign up for our mailing list. More
Below is a weekly summary of our research findings for 6/20/16 through 6/24/16. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs. Subscribers: To receive these weekly digests via email, click here to sign up for our mailing list. More Related […]
Overview The gold price traded with slight negativity yesterday, approaching gradually from our awaited target at 1,243.17. We remind you that the current decline is temporary and the price is likely to rebound bullishly resuming the main bullish trend, supported by stochastic reaching the oversold areas’ thresholds. Therefore, we still forecast bearish bias on the […]
Overview The silver price has achieved strong gains this morning and managed to touch our first main awaited target at 18.00 as it has attempted to breach it and settled around it now. This supports our expectations for bullish trend continuation for the upcoming period. The price needs a daily close above the mentioned level […]
Bullish persistence above 0.6550 (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 closure […]
On December 7, a bullish breakout above 1.3450 (upper limit of the recent consolidation range) enhanced the bullish side of the market. Hence a bullish visit to the resistance at 1.4120 (Fibonacci Expansion 100%) occurred. Bullish persistence above 1.4150 enhanced the bullish side of the market towards 1.4650 (141.4% Fibonacci expansion) where an evident bearish […]
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 […]
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 […]
Today’s historic and shocking decision for the UK to leave the EU is likely to have an intense impact on global markets for some time to come. We saw the sterling hit a 30-year low, stocks across the globe reacted negatively with the UK footsie losing 8.7% and predictably gold surged a massive $100. Volatility […]
It’s that time of the month again – NFP time! The Non-Farm Payroll figure – a measure of employment numbers in the U.S. – is being released Friday, July 1st, and once again we’d like to invite you to participate in our @eToroExperience prediction promotion. In order to participate, all you have to do is login and leave a […]
Since our previous analysis, gold has been trading upwards. As I expected, the price tested the level of $1,358.21 in a ultra high volume. In reaction of massive buying climax from the top, the price managed to go into bearish correction and the Gold tested $1,306.00. According to the 15M time frame, I found strong […]
Good afternoon!What an exciting, and chaotic 24 hours! I’ve only had 2 hours sleep, so am not sure how much I’ll be able to write today before I flake out. Last night was undoubtedly the most exciting election I’ve ever experienced. Everyone seemed convinced that Remain would win, with 52:48, but it quickly became apparent […]
Good afternoon!There’s nothing of interest in results or trading updates today, so I’ll do a summary of the Brexit situation amp; points arising instead.What an exciting, and chaotic 24 hours! I’ve only had 2 hours sleep, so am not sure how much I’ll be able to write today before I flake out. Last night was […]
Good afternoon!There’s nothing of interest in results or trading updates today, so I’ll do a summary of the Brexit situation amp; points arising instead.What an exciting, and chaotic 24 hours! I’ve only had 2 hours sleep, so am not sure how much I’ll be able to write today before I flake out. Last night was undoubtedly the most exciting election I’ve ever experienced. Everyone seemed convinced that Remain would win, with 52:48, but it quickly became apparent that Leave were doing unexpectedly well.Luckily, I spotted the opportunity to have a wager, and did some nifty trades which paid off very well. Good thing too, because today has been carnage – with small caps marked down 10-15% across the board pre-opening, and then further falls if anyone tried to sell.I can still barely believe that the British people overall (principally non-London England, and Wales) have voted to leave the EU. It’s simply staggering. Although I voted Remain (a last minute change of heart), I’m perfectly happy with the Leave outcome. In any case, we all have to accept the democratic outcome of the Referendum, and get on with it. I’ve got no time for people who whinge about the outcome. It’s done,…
Recently, EUR/NZD has been moving sideways at the price of 1.5700. According to the 30M time frame, I found trading range between the price of 1.5860 and 1.5575. The trend is downward and my advice to look only for selling opportunities. I found rejection from SMA100 (1h) and SMA 200 (30M). If the price breaks […]
Overview: The NZD/USD pair continues to move downwards from the level of 0.7273. Yesterday, the pair dropped from the level of 0.7273 to the bottom around 0.6977. But the pair has rebounded from the bottom of 0.6977 to close at 0.7066. Today, the first resistance level is seen at 0.7130, the price is moving in […]
Overview: Yesterday the market saw a lot of volatility because of the UK vote. Therefore, the USD/CHF pair continues to move upwards from the level of 0.9863. Yesterday, the pair rose from the level of 0.9521 to a top around 0.9789. Currently price is seen at the level of 0.9739. Today, the first resistance level […]
Does availability of liquid tracking products change short-term trending/reversal tendencies of equity indexes? In their May 2016 paper entitled “Indexing and Stock Market Serial Dependence Around the World”, Guido Baltussen, Sjoerd van Bekkum and Zhi Da investigate how introduction of index futures, exchange-traded funds (ETF) and mutual funds affects measures of index serial dependence. They hypothesize that technical interplay in More
Does availability of liquid tracking products change short-term trending/reversal tendencies of equity indexes? In their May 2016 paper entitled “Indexing and Stock Market Serial Dependence Around the World”, Guido Baltussen, Sjoerd van Bekkum and Zhi Da investigate how introduction of index futures, exchange-traded funds (ETF) and mutual funds affects measures of index serial dependence. They hypothesize that technical interplay in […]
