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  1. #11

    EUR/JPY broke key resistance zone 24. Nov 2016

    EUR/JPY broke key resistance zone
    Next buy targets - 120.00 and 122.00

    EUR/JPY continues to rise after the earlier breakout of the key resistance zone lying at the intersection of the powerful resistance level 118.00 (which also reversed the previous A-wave in July) and the 50% Fibonacci correction of the previous sharp downward impulse form April. The breakout of this resistance zone accelerated the active C-wave of the intermediate ABC correction (2) from June.

    EUR/JPY is likely to rise to the next buy target at the resistance level 120.00 – the breakout of which can lead to further gains toward the next strong resistance level 122.00 (top of the previous wave 4 from June). And if the pair will not climb this is a possible scenario .

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-9090980-jpg

  2. #12

    Daily Chart 25 Nov 2016

    EUR/USD: Daily

    Here’s an easy peasy range play for ya! EUR/USD is currently testing the 1.0550 handle, which hasn’t been broken as support since MARCH 2015. Is the 4th time the charm for the euro bears? Shorting at a downside breakout is a good idea if you’re one of them euro bears. Of course, you can also buy at current levels and place your stops just below the range support if you have faith on the oversold stochastic signal and you think that the 1.0550 mark will hold.
    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-eur-usd-eliotttt-jpg

    USD/CAD: 1-hour

    USD/CAD has just bounced from the 1.3500 psychological area, which lined up with a falling channel resistance on the 1-hour time frame. Will this lead to a retest of the channel support around the 1.3400 levels? Or will dollar bulls reclaim the throne and push for an upside breakout? It looks like the SMAs are holding back the bears right now, but keep close tabs on this one in case we see an extension of the downtrend after all!
    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-usd-cad-babyy-jpg

  3. #13
    Good morning traders, caution! don't Chase to buy the dollar it was reached a monthly 0.618 level, a correction may happen. If you want to buy the dollar, buy after this correction, ( we expected a pull back from him). In 4 hour chart, there is a bearish engulfing candle so what we can do is sell DXY -0.31%, when it retest 101.80 and Aim 99.10.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-454545454-jpg

  4. #14

    AUD/USD: outlook for Nov. 28-Dec. 2

    AUD/USD made a big swing this week having risen from 0.7310 to 0.7468. Aussie’s boost can be attributed to the rising commodity prices as economic forecasts for Australia changed only a little.

    Next week should bring more volatility to the AUD/USD chart. On Tuesday, traders will be scrambling to decipher the impact of the US preliminary GDP on the movement of the pair. Australian construction data will be released on Wednesday. On Thursday watch for the Australian private capital expenditure followed by the bunch of China’s manufacturing data. In the end of the week, traders will focus on the Australian retail sales, US average hourly earnings, non-farm payrolls and unemployment rate.

    The technical picture for AUD/USD for the present moment is “bullish”. The quotes can move up towards nearest resistances located at 1.7460 (50% Fibo retracement level formed from the May 24 low), 0.7520 (200-day MA) and 0.7590 (near 50-day MA). In the longer term, there can be some rebounds towards nearest support located at 0.7387 (Fibo retracement level) and 0.7300. The US dollar has all chances to strengthen again next week, especially, if we get upbeat economic releases.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-aaaddd-jpg

  5. #15

    GBP/USD: outlook for Nov. 28-Dec. 2

    This week GBP/USD was trading in the wide range between 1.2510-1.2310. The pair made a big swing ahead of the Autumn statement but then slid down on the strong release of US durable goods orders and “hawkish” FOMC meeting minutes. By the end of the week, the pound rose again on the upbeat preliminary business investment and smooth inflation-adjusted GDP data.

    Next week traders will be watching for the US preliminary GDP releases on Tuesday. On Wednesday keep in focus the banks stress test results that should assess the resilience of major UK banks to “tail-risk” effects. Then, we will get the financial stability report from the Bank of England, followed by the bunch of the US economic releases (ADP non-farm payrolls, pending home sales, core PCE price index and the monthly update of the US personal spending). On Thursday, we will know about the health of the UK and the US manufacturing industry. The British construction PMI, the US non-farm payrolls, unemployment rate and average hourly earnings are expected on Friday.

    In the near term, GBP/USD should continue to trade within the borders of Ichimoku cloud on the 4-hour timeframe. The nearest resistances are located at 1.2487 and 1.2515 levels. If the US statistical data come ahead of the market’s expectations, quotes may slide down towards the supports at 1.2410 and 1.2333 (200 H4 MA).

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-12-jpg

  6. #16

    EUR/USD: outlook for Nov. 28-Dec.2

    Weekly Recap

    This week was rather choppy for EUR/USD. The euro rose on Monday not paying much heed to the ECB President Draghi’s commitment to preserving accommodative policy as long as it is needed. The US dollar recovered its losses on Wednesday as we got strong data on the US durable goods orders and “hawkish” FOMC meeting minutes. Many Federal Reserve officials said a rate rise could be appropriate “relatively soon” due to the upbringing headlines of the recent US economic data. On Friday, the European currency gained some strength benefiting from the sagging US Treasury yields.

    Weekly Focus

    Next week, we will hear some words from Mario Draghi on the ECB’s monetary developments. Annual data on M3 money supply will be released on Monday. It’s positively correlated with interest rates, so any increases can offer support to the euro. On Tuesday, we will get a bunch of inflation data from the key Eurozone countries and preliminary GDP for the US. On Wednesday, watch for the US ADP non-farm payrolls and German economic releases (retail sales and unemployment claims). Stock up with some depressants as ground-shaking average hourly earnings, non-farm payrolls and unemployment rate are expected on Friday.

    Weekly Strategies

    If we look at the daily technical chart we can notice the beginning of the uptrend. There is a doji candlestick – a signal of the bullish reversal. RSI ticked up from the oversold area. It seems that the US dollar’s long-term strengthening is exhausted. So, the pair may move up towards the nearest resistances located at 1.0635 (near the 50 H4 MA), 1.0807 (near the 23.6% Fibo retracement level formed from the May 3 high). Skepticism about the efficiency of the ECB’s stimulus to spur economic growth and political risk associated with Italy’s referendum can drag quotes towards the nearest supports located at 1.0560 (November 24 low) and towards the 1.0455 level (2015 year low).

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-oroifig-jpg

  7. #17

    Euro survives first test of the 2015 lows

    EUR/USD briefly touched below the December 2015 low on Wednesday but battled back, leveled off and is now up 70 pips on the day to 1.0624.

    It's a tiny victory for the beaten down euro but scaling out to the longer-term chart shows how vital these levels are.

    The thing is, even if it had broken down during holidays there would be questions. So there's some consolidation here but with the ECB, OPEC and the Fed fast-approaching, a 100 or 200-pip buffer isn't much of a leg to stand on.

    But it's a start and if the euro can get above Tuesday's high of 1.0658 then it might be the start of something.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-55555555555555-jpg

  8. #18

    GOLD 28 Nov 2016

    Nice move to upside on week open due to dollar sell off. I am expecting this to move back to 117x. My first short-shorted at 1197 with stop loss around 1204 and target on chart shown by arrow. If stopped out i will be trying one more short around 1210 area. If the price moves in my favor than i will be adding shorts as we move down.

    Clone levels:

    Upside: 1198-1204-1209
    Downside: 1198-1193-1188-1182-1177

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-gold-jpg

  9. #19

    AUD/USD 28 Nov 2016

    Good morning traders, in my opinion a broken trend line is being tested on the daily chart at the 0.7482 level. Not far from the level is the 38.2% of the move down from the Election high at 0.74889 (see daily chart above).

    Spot gold is trading at $1193.42 currently after peaking at $1198.08. Although off the high, the price is still $9.50 higher (0.80%). The low was down at $1182.00 near the day's open.
    Resistance target tested...

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-audusd-daily-jpg

  10. #20

    EUR/USD Jan 2016 low at 1.07086

    The EURUSD bottomed last week after trading below the April 2015 low at 1.0520 and the December 2015 low at 1.05187. The low on Wednesday reached 1.0517 - just a couple pips below those two swing lows. The pair has swung back higher and has extended higher in trading today. Let's call the low from last week a triple bottom. What next?
    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-eur-usd-adaadada-jpg

    The price has ratcheted higher since then with the pair retracing losses and closing newar unchanged on Thursday, and on Friday moving up on the day.

    Looking at the daily chart, the pair has reached a high today of 1.06847 (see chart above). The "old" low before the march lower this month, came in at 1.07086. The price action has slowed to the upside over the last hour, with the price trading near the 1.0659 level currently. However, keep that "old" low level in mind should the buying continue. It should attract sellers on the first look.

    Looking at the hourly chart below, the price action on the move higher today, based near the 100 hour MA (blue line in the chart below). That was a bullish sign.

    It then broke and found buyers against the 200 hour MA (green line) at 1.06226 level). Again, that is bullish. The high from last week 1.0657 was also broken on the way to the highs for the day near the 38.2% of the move down from the November 10th high at 1.06838 (day after the election results on November 9th).

    The rally higher has stalled a bit with the price rotating back toward the high from last week at the 1.0657 area. A broken trend line at the 1.0648 is also in the area. That should provide support buyers against the line.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-989-jpg

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