USD/CHF is under pressure as key resistance is at 0.9860. The pair failed to break above the key resistance at 0.9860, which should limit the upside potential. The declining 50-period moving average is playing a resistance role and maintains the downside bias. In addition, the relative strength index is bearish below its neutrality area at […]
Overview The gold price has been showing some slight bullish bias since morning approaching from testing the EMA50, which forms an intraday resistance barrier at 1,345.25 and supports our negative scenario. Stochastic’s positivity interprets the reasons for the current bullish bias. Therefore, the bearish bias will be expected on the intraday basis, noting that this […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,327.40 in a high volume. According to the 30M time frame, I found a change in the trend dynamic from bearish to bullish. I found a fake breakout of the swing low in the background and a successful testing of […]
Gold continued lower yesterday breaking short-term support and the NFP low at $1,335. The short-term trend is bearish but a bounce back towards $1,350 is justified for today. However, it seems that gold is heading towards the $1,300 level where the 38% Fibonacci retracement of the latest rise is found. Blue lines – bullish channel […]
General overview for 13/07/2016: The impulsive upward count has been invalidated after wave one and wave four overlaps. The alternative labeling has been applied to incorporate the latest price developments. This last labeling indicates a possible wave evolution into a more complex and time-consuming horizontal corrective structure. So far, wave W of this new structure […]
General overview for 13/07/2016: The technical resistance at the level of 115.50 has been broken, and the price has made another higher high at the level of 116.40. According to the main count, this level might be the top for the abc corrective cycle in wave (b), but there is still a chance that the […]
USD/JPY is expected to extend its upside movement. The pair continued to trade on the upside though it is off its recent high at around 105.00. Intraday (30-minute chart) technical indicators are still positively oriented (the 20-period moving average stands far above the 50-period one, the relative strength index remains above 50), helping to maintain […]
USD/CHF is expected to post some further advance. The pair broke above its 20-period and 50-period moving averages and accelerated on the upside. Meanwhile, the 20-period moving average crossed above the 50-period one and is playing a support role. Besides, the relative strength index stands above its neutrality area at 50 and lacks downward momentum. […]
NZD/USD is expected to trade with a bearish bias and is turning down. The pair failed to hold on to the upside after surging up to 0.7325 yesterday and eventually slumped back to levels below 0.7300. Currently it is trading on the downside while being capped by the descending 20-period moving average, which has crossed […]
GBP/JPY is expected to trade in a higher range as the bias remains bullish. As global stock markets gained ground along with an improvement in risk sentiment, government bonds in the US and Europe experienced a selloff. European stocks were also positive, with the Stoxx Europe 600 rising 1.1%. The pair remains on the upside […]
When the European market opens, some economic news will be released such as the German 10-y Bond Auction, Industrial Production m/m, and French Final CPI m/m. The US will release economic data too such as the Federal Budget Balance, Beige Book, 30-y Bond Auction, Crude Oil Inventories, and Import Prices m/m. So amid the reports, […]
Trading recommendations: Sell now Stop loss at 0.7340 Take profit at 0.7210 The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com Related Posts:Trading Signals for ETH/USD (Ethereum) for April 12-15,… April 12, 2024 ETH/USD is trading around 3,478, having a technical correction as…Trading Signals for EUR/USD for April 12-15, 2024: buy above… […]
Trading recommendations: Buy now and at 103.52 Stop loss at 101.90 Take profit at 106.50 The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com Related Posts:Trading Signals for ETH/USD (Ethereum) for April 12-15,… April 12, 2024 ETH/USD is trading around 3,478, having a technical correction as…Trading Signals for EUR/USD for April 12-15, […]
The index didn’t experience any significant changes yesterday, as it performed a rebound above the 200 SMA on the H1 chart, and now it’s close to the resistance level of 96.60. We’re still expecting a breakout higher, which should place the 97.74 price level as the next key resistance for sellers. By the way, at […]
The Cable saw a strong recovery during Tuesday’s session as it’s posting gains above the 200 SMA and the psychological zone of 1.3200. Now, the GBP/USD could be looking to start pulling back to re-test the support level of 1.3148, where it converges with the moving average mentioned above. However, a breakout above the 1.3300 […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,350.21 in an ultra high volume. According to the 30M time frame, I found a bullish engulfing candle pattern in a high volume from the support at the price of $1,350.60. I am expecting higher price. Be careful when selling […]
Overview: The USD/CHF pair: Pivot point: 0.9789. The USD/CHF pair broke resistance at the 0.9738 level, which turned into strong support yesterday. This level coincides with 50% of Fibonacci retracement that is expected to act as major support today. Equally important, the RSI is still signaling that the trend is upward, while the moving average […]
Gold price pulled back towards the short-term support level of $1,350. As long as the price stays above it we could see another move higher towards $1,400. A deeper correction is not out of the question as the expanding triangle scenario is still valid. After the upward move to $1,375 Gold price pulled back and […]
Technical outlook and chart setups: Gold is trading lower for the day at $1,355.00 level at this moment, and should be looking to reverse lower from here or from $1,380.00/85.00 levels as depicted on the chart view. Please note that if the metal slips below $1,358.00 levels from here, it would be confirm that a […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,335.21 in an ultra high volume. My take profit level at the price of $1,350.00 has been reached. According to the 30M time frame, I found strong rejection from the level of $1,335.00. Using market profile analysis, I found a […]
Gold price made some extreme movements on Friday after the announcement of the NFP numbers. Price held support even in the 4-hour chart and reversed higher but was unable to make a new high. A longer-term trend remains bullish. Blue lines – bullish channel Gold price made a spike towards $1,330 on Friday and touched […]
Technical outlook and chart setups: Gold has re-tested its highs at $1,375.00 levels today before pulling back lower. The yellow metal is seen to be trading at $1,367.00 levels at the moment, looking to slide lower. Please note that $1,380.00 levels should provide enough resistance to the metal, if it manages to reach there. The […]
USD/JPY is expected to trade with a bearish bias as the pair remains within a bearish channel. The pair keeps trading within a bearish channel established on June 6. As long as the upper boundary of the bearish channel is not surpassed, the pair is likely to return to the first downside target at 100.20 […]
USD/CHF is expected to post some upside gains as the bias remains bullish. The pair has broken above the 50-period moving average and remains on the upside. At the same time, the prices are supported by a bullish trend line since July 7. Besides, the relative strength index is above its neutrality area at 50 […]
NZD/USD is expected to trade in a higher range as the bias remains bullish. The pair is supported by a rising trend line since July 7 and is likely to challenge the nearest resistance at 0.7330. Meanwhile, the 50-period moving average is heading upward and maintains the upside bias. Besides, the relative strength index is […]
GBP/JPY is under pressure and is capped by a negative trend line. As long as the trend line is not broken, the price is expected to remain below it. The pair has been capped by a descending trend line and remains on the downside. Meanwhile, the relative strength index lacks upward momentum. As long as […]
Trading Recommendations: Sell now Stop loss at 0.7400 Take profit at 0.6930 The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com Related Posts:Trading Signals for ETH/USD (Ethereum) for April 12-15,… April 12, 2024 ETH/USD is trading around 3,478, having a technical correction as…Trading Signals for EUR/USD for April 12-15, 2024: buy above… […]
Trading Recommendations: Sell now and once more at 1.0400 Stop loss at 1.0460 Take profit at 1.0245 The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com Related Posts:Trading Signals for GOLD (XAU/USD) for April 9-11, 2024:… April 9, 2024 Gold is trading around 2,346.43, retreating after reaching a new…Trading plan for GBP/USD […]
When the European market opens, Italian Industrial Production m/m data will be released. The US will publish some economic data, too, such as the Labor Market Conditions Index m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.1096. Strong Resistance: 1.1090. Original […]
EUR/USD: This pair moved essentially sideways throughout last week, but the bias remains bearish. There is a need for the price to go above the resistance line at 1.1400, before it can be said that bulls have begun to reign in this market. There could be some serious bullish attempts this week, but they would […]
