Technical outlook and chart setups: The EUR/JPY pair has bounced back after testing 121.40/50 levels today during early hours. It seems to be a double bottom in the making. The pair is trading at 122.66 levels for now, looking to continue higher. The pair needs to push at least above 123.40 levels to confirm that […]
Technical outlook and chart setups: The GBP/CHF pair is seen to be stalling at 1.4020/50 levels and might be looking to reverse lower. The pair is trading at 1.4010 levels at this moment, and bears may want to push prices lower towards 1.3700 levels at least, before turning bullish. The wave structure indicates that a […]
Wave summary: After a slightly deeper correction to 1.6479 a new rally quickly broke back above resistance at 1.6745, indicating that a low is now in place at 1.6479 and more upside should be expected in the coming days/weeks ahead. We are still hungering for upside acceleration that could take us past 1.6874 and releasing […]
Wave summary: The price spiked lower on Friday to a low of 121.46 but was immediately rejected. This could be what we have been waiting for to secure the bottom for a new long-term rally back to 141.06 and higher. In the short term, we would like to see minor support at 121.87 protect the […]
When the European market opens, some economic news will be released such as the Sentix Investor Confidence and German Factory Orders m/m. The US will release economic data too such as the Labor Market Conditions Index m/m and Mortgage Delinquencies. So amid the reports, EUR/USD will move with low to medium volatility during this day. […]
In Asia, Japan will release the Consumer Confidence, Average Cash Earnings y/y, Monetary Policy Meeting Minutes, and the US will release some economic data such as the Labor Market Conditions Index m/m, and Mortgage Delinquencies. So there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: […]
Overnight, trade data from China was not as good as expected however the market reaction was muted with Asian stock markets slightly in Green, with China being the exception (-2.35%). In the US, Friday’s NFP showed the weakest job growth in 7 months with only 160,000 new jobs added signaling a slowdown, something that will […]
EUR/USD: This pair moved upwards on Monday and Tuesday, tested the resistance line at 1.1600, and then started a bearish movement. From the resistance line at 1.1600, the price dipped by 200 pips, to close at 1.1403 on Friday (May 6, 2016). The bears would target the support lines at 1.1350 and 1.1300 this week, […]
Overview: The GBP/USD pair is trading around the area of 1.4414. Today, the level of 1.4414 represents a daily pivot point on the H1 time frame. The pair has already formed minor resistance at 1.1498, and strong resistance is seen at the level of 1.4537 because it represents weekly resistance 1. So, major resistance is […]
Overview: The EUR/USD pair has broken support at the level of 1.1468 which acts as a resistance this week. According to the previous events, the EUR/USD pair is still moving between the levels of 1.1468 and 1.1320. Therefore, we expect a range of 148 pips in coming two days. The trend is still below the […]
USDX did a rebound above the 200 SMA on the H1 chart, and probably we could be riding the bullish bias on a short-term basis, during this week at least. A breakout above the 94.06 level will open the doors to test new monthly highs around the 94.56 level, where the sellers could probably be […]
GBP/USD still trades into a weak structure favored by the bears as it could decline toward the support zone of 1.4315. The H1 chart is showing a resistance placed by the 200 SMA in a dynamic tone, and possibly we can expect more downside during the week, but a breakout above the 1.4549 level will […]
Overview Gold price settled above the minor bearish channel’s resistance, thus keeping the positive effect of the bullish flag pattern valid for today, supported by the EMA 50. The price needs to breach 1283.17 and then 1300.00 levels to confirm opening the way towards 1344.85. In general, we will keep our bullish trend expectations for […]
Overview Silver price hasn’t shown any strong move since morning, fluctuating near 17.30. Therefore, there is no change on our bullish trend expectations that depend on the stability above 16.99 level. The targets lie at 17.60, 18.00, and 18.60 levels . Accordingly, we will keep our bullish overview on the intraday and short term basis […]
Below is a weekly summary of our research findings for 5/2/16 through 5/6/16. 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 […]
A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450. Hence another consolidation range was established from 1.3450 down to 1.2800. On December 7, a bullish breakout above 1.3450 (upper limit of the recent consolidation […]
On January 28, the depicted support at 0.6400 acted as a prominent key level offering a valid buy entry. The 0.6550 level was broken above a few weeks ago. Bullish persistence above 0.6550 (depicted recent support) was necessary to keep the price moving towards higher bullish targets. The price zone of 0.6750-0.6840 constituted a significant […]
After a busy Friday running around central London, the Stockopedia team were ready for the UK Investor Show. The show saw several thousand investors leave the sunshine outside and pour through the doors of the QEII Centre in Westminster. With more than 90 companies exhibiting and some of the UK’s top financial speakers on the […]
After a busy Friday running around central London, the Stockopedia team were ready for the UK Investor Show. The show saw several thousand investors leave the sunshine outside and pour through the doors of the QEII Centre in Westminster. With more than 90 companies exhibiting and some of the UK’s top financial speakers on the […]
Since January 2016, bullish persistence above 1.4500 was mandatory to maintain enough bullish strength in the market. However, as the previous weekly candlesticks maintained their bearish persistence below the depicted weekly supply zone (below 1.4470), the next demand level located at 1.3845 (historical bottom that goes back to March 2009) provided a significant bullish rejection […]
In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms had been previously set in July 2012 and June 2010. Hence, a long-term bearish target is projected towards 0.9450. In March 2015, the EUR/USD bears challenged the monthly demand level of 1.0570, which had been previously […]
Since our previous analysis, gold has been moving sideways at the price of $1,280.00. On the 4H time-frame chart, I found a broken downward channel (bullish flag) in a high volume, which is a sign that selling looks risky. I also found rejection from pivotal point at the price of $1,269.00, which is a strong […]
Recently, EUR/NZD has been moving upwards. The price tested the level of 1.6704 in a high volume. According to the 15M time frame, I found successful testing of supply in a low volume, which is sign that an upward price is possible. Watch for buying opportunities on the dips. The take profit level is set […]
Overview: The NZD/USD pair was trading in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 0.6872 and 0.6815. Resistance and support are seen at the levels of 0.6872 (also, the double top is set at the point of 0.6880) and […]
Overview: The USD/CHF pair faced resistance at the level of 0.9700, while minor resistance is seen at 0.9666. Support is found at the levels of 0.9619 and 0.9574. Also, it should be noted that a daily pivot point has already set at the level of 0.9651. Equally important is that the USD/CHF pair is still […]
Dollar Extends Advance Morning Report: 06.30 London • This morning, the US dollar remains on a firm footing ahead of today’s Non-Farm Payroll release around midday. • Meanwhile, the Australian dollar is under pressure following the release of the minutes from the last RBA meeting. […]
How well does technical trading work for spot currency exchange rates? In their April 2016 paper entitled “Technical Trading: Is it Still Beating the Foreign Exchange Market?”, Po-Hsuan Hsu, Mark Taylor and Zigan Wang test the effectiveness of a broad set of quantitative technical trading rules as applied to exchange rates of 30 currencies with the U.S. dollar […]
The Securities and Exchange Commission The Securities and Exchange Commission (SEC) is the watchdog of the United States stock markets. The role of the SEC is to keep an eye on the securities markets and catch individuals or organizations or companies who are breaking SEC rules. The SEC attempts to protect investors as well as […]
Creative director Facchinetti of Tod’s will leave the company after three years of service, the Italian luxury good group said on Thursday. In a company statement, Facchinetti said she would “focus on other projects … put aside in order to be able to achieve Tod’s strategies.” There have been several creative directors leaving luxury good […]
Reuters reported that South African regulator Competition Commission has until May 12 to its probe into Anheuser-Busch InBev NV’s proposed 73.4 billion pounds ($106 billion) takeover of fellow brewer SABMiller Plc. The regulator was unable to complete the investigation by Thursday’s deadline. Reuters said it still needs to consider some issues. Itumeleng Lesofe, spokesman of […]
