When the European market opens, some economic data will be released such as German PPI m/m. The US is due to publish economic data too such as Housing Starts and Building Permits. So amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.1227. Strong […]
In Asia, today Japan will not release any economic data. However, the US will release some macroeconomic reports such as Housing Starts and Building Permits. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. 3: 102.45. Resistance. 2: 102.25. Resistance. 1: 102.05. […]
The index is finding support at the 95.79 level, following a session that was in a corrective mode. Still, the USDX moves above the 200 SMA zone at H1 chart and we may expect some upside moves towards the resistance zone of 96.51 after it manages to break the strong barrier at the 96.14 level. […]
Overview The gold price tested the main bullish trend line shown on the chart and began to provide bullish rebound signals now. Stochastic positivity on the four-hour time frame supports chances of resuming the main bullish trend in the upcoming period, which targets 1,348.00 followed by 1,375.00 levels mainly. Therefore, we will keep our bullish […]
Since our previous analysis, gold has been trading sideways at the price of $1,314.15. According the 30M time frame and using the market profile, I found point of control at the price of $1,314.50. I found strength in Asian sesion, which is a sign that sellers lost power. Watch for potential buying opportunities. Next point […]
Recently, EUR/NZD has been moving downward. The price tested the level of 1.5232 in an average volume. According to the 30M time frame and using the market profile, I found a point of control levels at the price of 1.5267. The price broke upward trend channel and buying EUR/NZD at this stage looks risky. Watch […]
Technical outlook and chart setups: Gold had dropped lower towards $1,306.00 levels last week, before pulling back higher. The yellow metal is seen to be trading at $1,313.00 levels at this moment, looking to form a base here before resuming its rally. Please note that the metal has bounced off the vicinity of fibonacci 0.786 […]
Gold price is showing signs of a short-term trend reversal. Gold is in a downtrend channel since September 7th and has approached the lower trading range boundary of $1,300. Gold bulls are now trying to break out of the short-term bearish channel. Red lines – bearish short-term channel Blue lines – long-term trading range Gold […]
Since our previous analysis, gold has been trading downwards. As I expected, the price tested the level of $1,309.07 in a high volume. My target from yesterday at the price of $1,314.30 has been met. According the 30M time frame and using the market profile, I found a neutral day today and point of control […]
Recently, EUR/NZD has been moving downward. The price tested the level of 1.5340 in an average volume. According to the 30M time frame and using the market profile, I found a point of control levels at the price of 1.5345 and 1.5295. The price broke upward trend channel but the EUR/NZD pair is still in […]
Gold price remains in a bearish short-term trend and making lower lows and lower highs. Price remains trapped inside the bigger sideways trading range between $1,300 and $1,360. The importance of both these levels is very big as any breakout would lead to a 100$ fall or rise at least. Black lines – trading range […]
Recently, EUR/NZD has been moving upwards. As I expected, the price re-tested the level of 1.5501 in a high volume. According to the 30M time frame and using the market profile, I found a point of control from yesterday at the price of 1.5425. The price respected the point of control in Asian trade and […]
Gold price continues to trade inside the short-term downward sloping channel but still remains above critical medium-term support of $1,300. Short-term trend will change to bullish if price breaks above $1,333. A break below $1,300 will open the way for a push towards $1,180-$1,200. Red lines – bearish channel Blue lines – sideways trading range […]
Technical outlook and chart setups: Gold further gave in to bears and hit lows at $1,313.00 levels before pulling back higher. The yellow metal is seen to be trading at $1,324.00 levels at this moment, looking to retrace lower and then resume rally. Please note that the metal has bounced off from fibonacci 0.786 support […]
EUR/USD: The EUR.USD is in an equilibrium phase. There could be a breakout later this week or earlier next week, which would take price above the resistance line at 1.1300 or below the support level at 1.1150. This is the condition for bullish or a bearish bias to form in the market: As long as […]
When the European market opens, some economic data will be released such as Trade Balance, Final Core CPI y/y, Final CPI y/y.The US will release the economic data too such as Natural Gas Storage, Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Empire State Manufacturing Index, Current Account, Core PPI m/m, Unemployment Claims, Retail […]
In Asia, Japan will not release any economic data but the US will release some economic data such as Natural Gas Storage, Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Empire State Manufacturing Index, Current Account, Core PPI m/m, Unemployment Claims, Retail Sales m/m, Philly Fed Manufacturing Index, PPI m/m, Core Retail Sales m/m.So […]
Since our previous analysis, gold has been trading downwards. As I expected, the price tested the level of $1,313.28 in a high volume. My take profit from yesterday at the price of $1,314.30 has been reached. Anyway, the price rejected from the level of $1,314.00 and we can observe a corrective phase. Using the market […]
Recently, EUR/NZD has been moving upwards. As I expected, the price tested the level of 1.5505 in a high volume. My upward target at the price of 1.5490 (Fibonacci expansion 61.8% has been reached). According to the 30M time frame and using the market profile, I found a point of control from yesterday at the […]
Gold price made a new low yesterday at $1,314 and remains inside the trading range of $1,300 – $1,360. Price is at the lower range boundary and long trades have a better risk reward in case prices bounce higher as it remains my favorite scenario as long as we are above the critical support of […]
Since our previous analysis, gold has been trading sideways at the price of $1,324.50. Like I posted yesterday using the market profile, I found a strong point of control at the price of $1,328.00-$1,330.00. The sellers came again in the market from that level and confirmed potential downward continuation. The trend is downward. My advice […]
Last night Chinese data was very strong as retail sales, industrial production and investments all rose above consensus. Also last night, FED member Brainard played down the possibility of imminent rate hikes as her comments suggested that the Fed is not ready to hike in next week’s meeting. Her comments sparked volatility in a generally […]
Gold price reached important short-term support yesterday at $1,320 where the 61.8% Fibonacci retracement is found. This is a level where I prefer opening long positions as the stop is at $1,300. The upside potential is big as we can see levels up to $1,370 or even new highs. On the 4 hour chart as […]
General overview for 13/09/2016: As anticipated yesterday, the corrective cycle in wave (ii) has been completed at the level of 114.00. Now the market is trying to rally back up again in an impulsive fashion. The key level for bulls is intraday resistance at the level of 114.63, so only a sustained break out above […]
Price reacted off our selling area perfectly yesterday. We now look for a further drop towards 0.9650 and continue to play the drop below 0.9740 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (21) remains below 69% resistance and has also made a bearish exit of its ascending support-turned-resistance line. Sell below 0.9740. Stop loss is […]
Price dropped perfectly as expected and is almost at our profit target. We turn bullish above 1.0895 support (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a push up to 1.0975. RSI (34) is also seeing next support at 41% and it is approaching it. Buy above 1.0895. Stop loss is at 1.0865. Take profit […]
Price rose to our selling area before forming a bearish candlestick formation to trigger a stronger bearish drop from here towards 1.4750. Our strategy today is to continue to sell below 1.4890 for a drop. Stochastics (21,3,3) is turning down from major resistance at 89% signalling a reversal is in place. RSI (21) is also […]
Price is close to major resistance at 0.7585 (horizontal overlap resistance, Fibonacci retracement) and we expect a reaction off this level for a drop to 0.7500. Stochastics (21,3,3) is at a major area of resistance and we expect a reaction soon. Sell below 0.7585. Stop loss is at 0.7620. Take profit is at 0.7500. The […]
Price dropped from our selling area perfectly. We now look to collect our profits and look to buy above 101.20 support (horizontal pullback support, Fibonacci retracement, Fibonacci projection) for a rise to 102.30. RSI (21) is on pullback support. Stochastics (21,3,3) is right above 2% support level where we expect a bounce from. Buy above […]
Price is now at our strong support level at 1.0270 (Fibonacci projection, horizontal support) where we expect a bounce from to at least 1.0320. RSI (34) has made a bullish exit signalling a bullish move is approaching. Buy above 1.0270. Stop loss is at 1.0240. Take profit is at 1.0320. The material has been provided […]
