The price reached our profit target on 3rd June 2016 completing the triple bottom bullish exit as expected and bouncing off our RSI ascending support perfectly. Today we turn bearish because the price has reached the wave iv potential of 38% (fibonacci retracement), and we expect a drop from here towards 0.7225. The RSI has […]
Friday was a very volatile session for US Dollar pairs, but GBP/USD later retraced from gains and, it’s now trying to consolidate again below the 200 SMA on the H1 chart. A bearish trend line from May 31th highs has been formed, and the Cable is doing a breakout of last week’s lows after the […]
EUR/USD: This pair shot upwards on Friday, overturning the bearish outlook on the market. Since the price has moved upwards by 220 pips, a bullish signal has been formed. However, EUR needs to continue to be stronger than USD for this pair to continue moving upwards; otherwise things could reverse in favor of bears. After […]
USDX reacted negatively to the worse-than-expected NFP numbers released in the United States last Friday, and now it’s already trading far below the 200 SMA on the H1 chart, favoring the bearish scenario on a short and mid-term basis. Support can be found around the 93.89 level, where a breakout should happen for another decline […]
The US economy will expand to its slowest in four years as skepticism about this year’s presidential election weighs on the outlook. According to a poll of 48 economists by the National Association for Business Economics, the gross domestic product is awaited to grow 1.9% in 2016 on a quarterly basis, previously 2%. The survey […]
Chinese President Xi Jinping commenced an annual convention of leading American and Chinese officials by outlining areas in which cooperation led to success. The meeting comes in the light of the country’s economic policy and heightened disputes over its reclamation of South China Sea. Speaking at Strategic and Economic Dialogue, Xi urged the officials not […]
The National Transformation Plan of Saudi Arabia is poised for the cabinet’s approval Monday, according to an individual privy to the matter. The source said the proposal is awaited to flesh out information of the program aimed at overhauling the kingdom’s economy and making it less dependent on crude revenue. The Council of Economic and […]
Asian shares rose on Monday while the dollar sagged near its lowest in almost a month. The decline in the dollar comes after data shows the slowest job growth in U.S. in non-farm payrolls in a span of more than five years, lowering the chances of an expected near-term U.S. interest increase. U.S. non-farm payrolls […]
The conversations on the Stockopedia website have taken a huge arc over the years. When we first launched as a free website way back in 2009 there was a great influx of Eamp;P experts and oil specialist investors onto our fledgling discussion boards. This early wave came from other sites such as the Motley Fool […]
Stocks Report: Facebook Facebook reversed from pivotal support level 115.00 Further gains likely toward 121.10 and 125.00 Facebook recently reversed up from the support zone lying between the pivotal support […] The post HY Newsletter – Gold Breaks Support Level appeared first on | HY Markets Official blog. Commodities Related Posts:Trading Signals for GOLD (XAU/USD) […]
Stocks Report: Exxon Mobil Corp Exxon reversed from support zone Likely to rise to 90.00 Exxon recently reversed up with the daily Japanese candlestick reversal pattern Hammer from the support […] The post HY Newsletter – Sugar Rising Inside Impulse Waves appeared first on | HY Markets Official blog. Forex Related Posts:Technical Analysis – US […]
Below is a weekly summary of our research findings for 5/31/16 through 6/3/16. 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 […]
In recent weeks I’ve noticed a few comments about the applicability of using the StockRanks across sectors on the discussion boards. One subscriber asked the question: “What we (or at least I) don’t know is whether the performance by sector is equal.”This is a very valid question. As most will know the StockRanks use the […]
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 […]
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 […]
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 […]
Global macro overview for 03/06/2016: The US jobs market data in the form of NFP Payrolls is the main event of the day as all market participants are waiting for this news release at 12:30pm GMT today. The global investors are expecting another acceptable reading at the level of 159k vs. 160k reading a month […]
Global macro overview for 03/06/2016: Yesterday’s ECB rate decision did not surprise market participants as all three main interest rates were left on hold in line with the majority of economists’ expectations. The central bank’s key interest rate, remains at a record low of 0%, while the deposit rate, in turn, will stay at minus […]
General overview for 03/06/2016: The projected target for the wave (c) of C was reached just as anticipated, so the overall structure might be now completed and the market might be ready to resume the long-term uptrend. To confirm this possibility, the price must breakout above the intraday resistance at the level of 121.89 and […]
General overview for 03/06/2016: The corrective cycle is evolving into a more complex and time-consuming pattern, so more patience is needed. Nevertheless, the top of the wave (i) at the level of 1.3190 still hasn’t been violated, but it is still possible for bulls to take this top out. The invalidation line for this cycle […]
Since our previous analysis, gold has been sideways at the price of $1,211.00. According to the daily time frame, I found a reversal candle pattern, the Morning Star formation. Notice the volume on the bearish bar. It is very low, and this is a sign that sellers lost power and that reversal is possible. Stochastic […]
Recently, EUR/NZD has been moving downwards. The price tested the level of 1.6248 in a high volume. According to the daily time frame, I found strong supply in the background in a high volume. Watch for selling opportunities on the pullbacks. Downward targets are set at the price of 1.6215 and 1.6100. According to the […]
Overview: TThe NZD/USD pair faced resistance at 0.6850, while strong resistance is seen at 0.6893. Support is found at the 0.6770 and 0.6730 levels. Today, the NZD/USD pair continues moving downwards from the 0.6850 level. So, the 0.6850 level is expected to act as minor resistance. Moreover, the 0.6850 – 0.6893 mark remains a significant […]
Using quarterly data in their April 2013 preliminary paper entitled “Analyzing Federal Reserve Asset Purchases: From Whom Does the Fed Buy?” Seth Carpenter, Selva Demiralp, Jane Ihrig and Elizabeth Klee find that some categories of investors appear to sell U.S. Treasuries to the Federal Reserve and rebalance toward riskier assets (corporate bonds, commercial paper, and municipal […]
Overview: As expected the USD/CHF pair continues moving downwards from the level of 0.9858. Yesterday, the pair rose from the level of 0.9858 (this level of 0.9858 represents double top) to the top around 0.9907. Today, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still […]
Wave summary: We have to admit that it has been a nightmare to track the correction lower from the 1.6931 high. So we have been back to the drawing board looking at the different scenarios. An important low was seen at 1.5813 and a new impulsive rally is building and if this count is correct, […]
Sources said Total, a French oil and gas producer, started preparing for the sale of Atotech, the company’s specialty chemicals and equipment division. The sale may be valued at roughly 3 billion euros ($3.4 billion). Barclays is expected to be asked by Total to head the divestment, sources said. The sell side advisor will then […]
Wave summary: The break below important support at 121.46 told us that the corrective decline from 141.06 is not over yet and calls for more downside movement towards the 117.95 – 118.20 area before the long-term correction from 149.56 finally is over. Thus, we really do not feel very comfortable about the downside trend. The […]
“We want food!” hundreds of Venezuelans chanted outside the Caracas presidential palace in protest, where they were met by troops and police who blocked a major road and fired teargas. The incident started when people waiting in long lines at shops in downtown Caracas tried to seize a truck carrying food. The OPEC country’s economic […]
Energy Ministry Mohammed Al-Sada of Qatar said global oil markets are heading to rebalancing. He made the remarks on Friday after the Organization of the Petroleum Exporting Countries did not come up with a clear oil output strategy at a meeting in Vienna. Al-Sada said the meeting was a success. He added that the OPEC […]
