Technical outlook and chart setups: Silver has dropped lower from $15.00/10 levels yesterday as expected and it is trading at $14.80 levels for now. Please note that the metal is trading pretty close to its fibonacci 0.618 support at $14.56 levels. The metal is expected to drop lower and bounce off $14.56 levels, to resume […]
Technical outlook and chart setups: Gold has dropped lower as expected and discussed yesterday and is trading at $1,228.00 levels at the moment. The yellow metal still remains into cone consolidation, and remains vulnerable for a drop lower towards $1,190.00 levels at least. Please note that intraday pullback rallies are still possible, but prices should […]
Aussie GDP Boost Morning Report: 06.30 London • This morning, the Australian Dollar is riding high after impressive GDP figures which came in more than expected at +0.6%. The Aussie is rallying and testing the highs of the recent trading ranges. […]
Gold price remains inside the triangle pattern and is now testing the lower boundary of the triangle. This is the time for short-term traders to go long with stops at $1,210. A target is the upper triangle boundary at least, if not $1,300 after a breakout. Green lines – triangle pattern Gold price is testing […]
US stocks: Staged a strong rally, on first day of March, with DJ up 2.11% and SP 2.39%. Asian stocks, followed with Nikkei, up 4% and China 2.6%. AUDUSD: leads the way higher today as stronger than expected GDP data 0.6% versus 0.4$ expected was released earlier today. EURUSD: continues to trade on a weak […]
Overview The attached H4 chart demonstrates that the gold price continues the upside track approaching gradually from our first main target at 1,263.23, reinforcing the expectations for more upside movements in the upcoming period. We are waiting for breaching the targeted level to open the way towards testing the 1,300.00 barrier on the near-term basis. […]
Overview The silver price has been bouncing bullishly after testing 15.00 levels this morning to keep our bearish trend expectations valid and active for the rest of the day. We are waiting for surpassing the 14.67 level to ease targeting 14.27 then 13.63 levels on the near-term basis. Holding below 15.00 levels represents an important […]
Overview: Since our last analysis, gold has been trading upwards. As I expected, the price tested the level of $1,248.35. In the daily time frame, I found a demand bar in an average volume. At this stage, selling looks risky. Our key MA`s are heading upwards (upward trend). The key resistance level is seen at […]
Gold is getting back on track and on the radar of investors. Central banks are buying so should the individual investor too and secure his wealth and assets, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#177806 Смотрите Dukascopy […]
Gold price remains inside a bigger triangle pattern and bulls are still in control of the trend as long as price is above $1,200-$1,210. If price breaks this level, then we should expect price to move towards $1,150-$1,100. Green lines – triangle pattern Gold price is above the Ichimoku cloud and inside the triangle pattern. […]
Technical outlook and chart setups: Silver is seen to be trading higher at $14.93 levels after hitting intraday highs at $15.00 levels. The metal is expected to drop lower one last time and form bottom around $14.50/55 levels, before turning bullish again. Please note that $14.50/55 levels is also convergence of fibonacci 0.618, trend line […]
Technical outlook and chart setups: Gold is consolidating in a cone formation, hitting resistance at $1,243.50 levels at the moment. The metal is expected to drop lower from here and break below $1,210.00 levels at least. Please note that a push below $1,210.00 levels would trigger further down side towards $1,190.00 and $1,170.00 levels respectively. […]
Markets Ride Out Poor Chinese Data Morning Report: 06.30 London • This morning, markets appear to be riding out any fallout from poor Chinese economic data in the small hours. Manufacturing PMI dropped more than expected, balanced slightly by better than expected non-manufacturing PMI. The Australian and New Zealand Dollars are riding this news well […]
AUDUSD: RBA kept rates steady overnight at 2% as expected. AUDUSD remained steady as well. STOCKS: China’s official PMI manufacturing dropped to 49.0 in February versus expectation of 49.4. That’s the weakest level since January 2009 and suggests that contraction is worsening. Stocks in Asia closed positive despite the data, with Shanghai up +1.9%, and […]
Overview The gold price retested the 1,212.34 level and traded steadily above it. This keeps our bullish overview valid and active, waiting to resume the bearish wave that targets 1,263.23 followed by 1,300.00 mainly. We remind you that holding above 1,212.34 represents the first protecting factor in the continuation of the suggested positive scenario as […]
Overview On the last Friday, the silver price traded with strong negativity trying to break the key support at 15.00 and exit the sideways range that dominated the recent trading. The price headed towards the 14.67 level in order to test it. This activates the negative scenario on the intraday and short-term basis, opening the […]
TerraX Minerals is well financed to explore and pre-develop the Yellowknife City Goldproject to a certain stage where it gets exciting for a large company to step in, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#177624 Смотрите Dukascopy […]
Overview: Since our last analysis, gold has been trading sideways at the price of $1,233.00. In the daily time frame, I found a supply in a volume below the average, which means that demand is still observed. At this stage, selling looks risky. Our key MA`s are heading upwards (upward trend). The key resistance level […]
GBP/USD: Plunged 0.61% to 1.3870 after falling to fresh seven-year lows earlier Friday. Since the UK received special status in the EU late last week, the pound has crashed more than 3.2%. EUR/USD: Fell sharply on Friday sliding to its lowest level in three weeks, as core inflation in the U.S. rose by its highest annual percentage […]
Gold price made a strong pull back last week towards important medium-term support at $1,200-$1,210 and held above it. Now price is bouncing higher and there is a big chance that we see a strong upward move as long as we hold above $1,210. Black line – resistance Yellow line – support Gold price has […]
Dollar On Back Foot Morning Report: 06.30 London • This morning, the US Dollar is giving back some of Friday’s gains as investors switch back to the Yen. • The Pound and Euro are making reasonable gains after heavy selling on Friday, but so far […]
Technical outlook and chart setups: Silver has dropped lower and also hit the expected price around $14.60 levels, as discussed earlier. The metal is trading at $14.65/70 levels for now, and it might be looking to drop towards $14.50 levels before turning bullish again. Please note that fibonacci 0.618 support of the rally between $13.70 […]
Technical outlook and chart setups: Gold has dropped lower from $1,250.00 levels as expected and discussed earlier. The yellow metal is trading at $1,226.00/27.00 levels for now, looking to push lower towards $1,190.00 levels at least. Please note that the fibonacci 0.382 support levels (of rally between $1,170.00 through $1,263.00 levels) is also passing around […]
Kiwi Flying High Morning Report: 06.30 London • This morning, the top performing currency is the New Zealand Dollar as the Australian Dollar backs away and the US Dollar retreats. NZ trade balance came in much stronger than expected last night. • The Australian Dollar […]
The JPY continues to have a quiet week, as USDJPY trades at 112.30 in the European session. The currency has enjoyed a spectacular month of February, surging 8 percent against the greenback however since yesterday it is showing weakness. USDJPY trades at 113 almost from 111 yesterday. US stocks opened slightly higher shrugging off Chinas […]
Dollar In Control as Markets Show Fight Morning Report: 06.30 London • The Dollar index remains the currency of choice for the moment after US markets staged a solid recovery from a difficult start yesterday. • The Yen pairs are on the rise as confidence […]
The Asian Session saw USDJPY recover from 111 lows of Wednesday, to 112.55 after BOJ official stated that cheap Yen might hurt the economy. China on the other hand has dropped 6% while Japans Nikkei closed positive 1.41% after reports that the government is considering an increase in spending to support the economic growth. GBPUSD […]
Overview The silver price continues fluctuating in a narrow sideways range near 61.8% Fibonacci correction level at 15.30, waiting to confirm the next trend by surpassing one of the next trend keys represented by 15.00 support and 15.70 resistance. So we remain neutral and monitor the price behavior according to these levels. Breaching 15.70 levels […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,239.06. Our support at $1,196.00 successfully held again. In the daily time frame, I found a demand bar in an average volume. At this stage selling looks risky. According to the H4 time frame, I found a failed attempt […]
Dollar Higher Again after Poor Data Morning Report: 06.30 London • This morning, the US Dollar is on the rise again after a set of poor data releases yesterday. German Ifo business climate came in below expectations, while US CB consumer confidence saw a significant drop. […]
