Since our previous analysis, Gold has been trading sideways at the price of $1,312.00. Investors are awaiting the US non-narm employment change report to establish positions. Anyway, according to the 4H time frame, I found a down fractal at the price of $1,302.20. Placing pending order (sell stop) at the price of $1,302.00 with stop […]
Recently, EUR/NZD has been moving sideways at the price of 1.5340. According to the 4H time frame, I found strong selling pressure and a downward trend. Today we are on alert to US non-farm employment change, which will bring strong liquidity on the market. Since I found a down fractal according to the 4H time […]
Global macro overview for 02/09/2016: The Construction PMI data from the UK beat market expectations and caused a small rally on all pound pairs. Market participants expected the data to be just slightly better than the last month release of 45.9, so they expected 46.6. The released figure came in at 49.2, so the rebound […]
Gold price is showing signs of a bullish reversal at the current levels. I was expecting Gold to reach $1,280-90 and we still might see this level today after the NFP numbers are announced. But overall, we are very close to a strong bounce in Gold. The confirmation will come as soon as price breaks […]
Technical outlook and chart setups: Gold had hit yet another low yesterday at $1,302.50 level before reversing sharply. According to the 15 minutes chart presented here, the metal has produced an impulse (5 waves) from yesterday’s lows and has also taken out the first resistance at $1,316.00 level as depicted here. It is seen to […]
USD/JPY is expected to trade with a bullish bias above 102.80. The pair is trading below its 20-period and 50-period moving averages. The relative strength index is below its neutrality level at 50. Nevertheless, a support base at 102.80 (Aug 31 bottom) has been formed, so the downside potential should be limited by this level. […]
USD/CHF is under pressure. The pressure persists after the downside breakout of a bullish trend line since August 29. The downward momentum is further reinforced by its descending 50-period moving average which maintains a bearish bias. In addition, 0.9850 represents a significant resistance, and the upside potential should be limited by this level. On the […]
Overview The gold price shows slight negative trading heading towards our next awaited target at 1,297.75. This supports the continuation of the bearish trend scenario for the rest of the day. It is important to monitor the price behavior when reaching the targeted level as a break of it represents the key to bearish wave […]
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Since our previous analysis, Gold has been trading downwards. As I expected, the price tested the level of $1,303.97 in a ultra high volume. According to the 1H time frame, I found strong selling pressure in the market. So, be careful when buying gold and watch for selling opportunities. I found two down fractals today […]
Gold price continues lower towards $1,300 and is expected to break below it and reach $1,290-80 support area. The decline in Gold is getting oversold and at least for a short-term bounce there are many good chances. Black line -resistance trend line Red line – support trend line Green rectangle – support area Gold price […]
Since our previous analysis, Gold has been trading sideways at the price of $1,314.00. According to the 1H time frame, I found upward correction in progress but be careful since I expect further downward continuation. The short-term trend on Gold is downward and my advice is to watch for selling opportunities. Today, I found down […]
Recently, EUR/NZD has been moving downwards. The price tested the level of 1.5354 in a high volume. According to the 1H time frame, I found a low volume upper bar and successful rejection from the supply trend line. I did put fractals on the chart and I found a broken down fractal at the price […]
General overview for 31/08/2016: The market moved little higher than yesterday’s intraday resistance and now bulls are testing the 78%Fibo at the level of 1.3105. This means the recent rally might be either wave 3 of the bullish progression or wave c purple of the more complex and time-consuming corrective cycle of a higher degree. […]
The gold price continues making lower lows and lower highs. The price has reached the short-term support area of $1,300-$1,310 and remains in a bearish trend. Gold is expected to move lower towards $1,280 in order to complete the decline from $1,360. The $1,200 level is the next important support. The black line – trend […]
Silver shines bright – physical cornering ahead? Udo Sutterluety, Sunares Natural Resources Funds. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#192466 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman Regardez la […]
Since our previous analysis, Gold has been trading sideways at the price of $1,319.00. According to the 4H time frame, I found weak demand near the level of $1,324.90, which is a sign that buying looks risky. Watch for potential selling opportunities on the pullbacks. According to the 30m time frame, I found a broken […]
Gold price has bounced towards the 38% Fibonacci retracement and is turning back downwards. Price remains above support of $1,310 but trend remains bearish expecting a move towards $1,280-90 over the coming days. Black line – long-term resistance Green area – support Price is still below the Ichimoku cloud, so short-term trend remains bearish. Short-term […]
USD/JPY is expected to advance further. The pair is holding on the upside and is likely to challenge its nearest resistance at 102.50. The 50-period moving average is well directed, and maintains a bullish outlook. Furthermore, the relative strength index is rebounding on the support of its 30% level, which may indicate the end of […]
USD/CHF is expected to trade with a bullish bias above 0.9735. The pair remains on the upside and is now challenging its nearest resistance at 0.9845. Meanwhile, a support base at 0.9735 has formed, and the downside potential should be limited by this level. In addition, the relative strength index is above its neutrality area […]
Technical outlook and chart setups: Gold remains unchanged for now and looks to have formed an intermediary bottom at $1,314.00 level yesterday. It is seen to be trading at $1,323.00 level at this moment after printing highs at $1,325.50 level today. Please note that the yellow metal still looks to be constructive for bulls to […]
When the European market opens, some economic data will be released such as Italian 10-y Bond Auction, Italian Retail Sales m/m, Spanish Flash CPI y/y, German Prelim CPI m/m, and German Import Prices m/m. The US will also publish a series of economic data such as CB Consumer Confidence and S&P/CS Composite-20 HPI y/y. So […]
In Asia, Japan will release the Retail Sales y/y, Unemployment Rate, and Household Spending y/y. The US will release a series of reports such as CB Consumer Confidence and S&P/CS Composite-20 HPI y/y. So there is a probability the USD/JPY pair will move with low to medium volatilitys today. TECHNICAL LEVELS: Resistance. 3: 102.44. Resistance. […]
Since our previous analysis, Gold has been trading sideways at the price of $1,319.00. After Yellen’s speech on Friday, I found massive reaction from our cluster and strong pin bar in a high volume, which is sign that sellers came in into the market. Be careful when buying and watch for selling opportunities. Take profit […]
Recently, EUR/NZD has been moving upwards.The price tested the level of 1.5515 in a high volume. According to the daily time frame, I found strong pinbar and bullish divergence on the RSI, which is a sign that selling looks risky. According to the 4H time frame, I found bullish outside bar formation in a high […]
Gold price bounced as we expected towards $1,340 on Friday and reversed strongly to give a new low near $1,310 critical support. Friday’s high confirms the importance of the $1,350 resistance. As long as we are below it, we should expect price to move towards $1,280. Black line – resistance Blue circle – cloud rejection […]
Global macro overview for 29/08/2016: There were quite interesting information regarding the crude oil market shared by mass media over the weekend. The first news is all about Iran again as Iran’s authorities said they would only cooperate in talks to freeze output if other OPEC exporters recognized its right to full regain market share. […]
General overview for 29/08/2016: The bottom for the wave 2/b of the overall impulsive structure was established at the level of 1.2831, but the bulls’ camp wasn’t strong enough to move above the 61%Fibo at the level of 1.3032. This means the recent rally might be either wave 3 of the bullish progression or the […]
General overview for 29/08/2016: The bottom for the wave ii of the overall impulsive structure was established at the level of 112.78 and since then the market has moved upward towards the next resistance at the level of 114.73. This rally might be considered as the wave (iii) progression, so now the most important level […]
Technical Outlook and chart setups: Gold looks to have formed intermediary bottom at $1,314.00 level a few hours back and is seen to be trading at $1,318.00 level at this moment. Please note that the yellow metal still looks to be constructive for bulls to regain control, till prices stay above $1,310.00 level, which is […]
