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Results 331 to 340 of 489
  1. #331

    EUR/CHF Daily Outlook Jan 11, 2017

    EUR/CHF is staying in the consolidation pattern from 1.0677 and intraday bias stays neutral. Price actions from 1.1198 are seen a corrective pattern that is still unfolding. Below 1.0677 will target 1.0620 key support level. On the upside, above 1.0762 will turn focus back to 1.0897 resistance. Decisive break there will suggest reversal and turn near term outlook bullish.

    In the bigger picture, the decline from 1.1198 is seen as a corrective move. Such correction is still in progress and retest of 38.2% retracement of 0.9771 to 1.1198 at 1.0653 could be seen. Sustained trading below 1.0653 will target 50% retracement at 1.0485. Meanwhile, break of 1.0897 resistance will argue that the larger up trend is finally resuming for above 1.1198.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-1-jpg

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  2. #332

    EUR/GBP Daily Outlook Jan 11, 2017

    A temporary top is in place at 0.8764 as EUR/GBP lost momentum. Intraday bias is turned neutral first but another rise is expected as long as 0.8449 holds. Rise from 0.8303 is seen as the second leg of the consolidation pattern from 0.9304. Above 0.8764 will target 61.8% retracement of 0.9304 to 0.8303 at 0.8922 and above. We'll expect strong resistance above 0.8922 to limit upside and bring another fall. On the downside, below 0.8449 will turn bias to the downside for retesting 0.8303 first. Break there will extend the whole fall from 0.9304. In that case, we'll look for bottoming signal again at around 0.8116.

    In the bigger picture, price actions from 0.9304 are viewed as a medium term corrective pattern. Deeper fall cannot be ruled out yet. But we'd expect strong support around 55 weeks EMA (now at 0.8243) to contain downside. Overall, the corrective pattern would take some time to complete before long term up trend resumes at a later stage. Break of 0.9304 will pave the way to 0.9799 (2008 high).

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-1-jpg
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  3. #333

    EUR/JPY Daily Outlook Jan 11, 2017

    EUR/JPY is staying in the consolidation from 124.08 and intraday bias remains neutral. Further rally is in favor as long as 120.90 support holds. Above 124.08 will target 126.09 key resistance next. As rise from 109.20 is still seen as a corrective pattern, we'd be cautious on topping around 126.09. Meanwhile, break of 120.90 will indicate short term topping and turn bias to the downside for 55 days EMA (now at 120.33) and below.

    In the bigger picture, price actions from 109.20 medium term bottom are seen as part of a medium term corrective pattern from 149.76. There is prospect of another rise towards 126.09 key resistance level before completion. But even in that case, we'd expect strong resistance between 126.09 and 141.04 to limit upside, at least on first attempt. Sustained trading below 55 day EMA will pave the way to retest 109.20.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-1-jpg

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  4. #334

    AUD/USD Daily Outlook Jan 11, 2017

    Intraday bias in AUD/USD remains on the upside as rebound from 0.7158 extends. As long as 38.2% retracement of 0.7777 to 0.7518 at 0.7394 holds, which is close to the falling 55 day EMA, outlook stays cautiously bearish. Below 0.7287 minor support will turn bias back to the downside. Firm break of 0.7144 will confirm our bearish view that corrective pattern from 0.6826 has completed and larger down trend is resuming for another low. Though, sustained trading above 0.7394 will turn focus back to 0.7777/7833 resistance zone.

    In the bigger picture, AUD/USD is staying inside long term falling channel and it's likely that the down trend from 1.1079 is still in progress. Break of 0.6826 low will confirm this bearish case and target 61.8% projection of 0.9504 to 0.6826 from 0.7777 at 0.6122 next. We'll be looking for bottoming sign again as it approaches 0.6008 key support level. Meanwhile, sustained break of 0.7833 resistance will be a strong sign of medium term reversal.

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  5. #335

    USD/CHF Daily Outlook Jan 11, 2017

    USD/CHF is still bounded in consolidation from 1.0342 and intraday bias stays neutral. Another fall cannot be ruled out. But in that case, we'd expect strong support from 1.0019 to contain downside and bring rally resumption. Firm break of 1.0342 will confirm up trend resumption. However, sustained break of 1.0019 will indicate near term reversal and could bring deeper fall bring to 0.9443/9548 support zone.

    In the bigger picture, the corrective fall from 1.0327 should have completed at 0.9443 already. Rise from 0.9443 could be resuming the long term rally from 2011 low at 0.7065. But decisive break of 1.0327 is needed to confirm. In that case, next medium term upside target will be 38.2% retracement of 1.8305 to 0.7065 at 1.1359. Rejection from 1.0327 will extend the sideway pattern with another fall back to 0.9443/9548 support zone.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-1-jpg

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  6. #336

    FTSE 100: ’Hidden’ Resistance Ahead Jan 11, 2017

    n it arrives at record highs.

    For the past month, not one session has closed below the prior day low; a close below the prior day low would be our queue that the current trend may be coming to an end for the time-being. For those that have been holding a long position from lower prices and looking to milk the trade further, this isn’t a bad way to implement a trailing stop - exit on a close below the prior day low. For aggressive-minded shorts, a close below the prior day low could mark the beginning of sellers starting to gain some control.

    FTSE 100: Daily

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  7. #337

    S&P 500: Battle at Highs a DT or Basing Formation?

    A clear daily close above the Friday (1/6) high of 2282 opens the door up for more gains, while a minor push lower and hold of the November trend-line still keeps the current technical structure working towards an expanding base and a potential breakout down the road. Even if the trend-line were to give-way to selling, as long as it isn’t aggressive, the basing scenario will still be in play and the double-top formation on the back-burners.

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

  8. #338

    EUR/GBP Ascending Channel Jan 12, 2017

    I’m seeing a neat Fib play on this one, as the 61.8% Fibonacci retracement level lines up neatly with the channel support around the .8550 minor psychological mark and a former resistance area. Stochastic is heading south so the pair could be in pullback mode from its recent climb, offering a chance to catch the climb at cheaper levels.


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

    I’m considering putting a long position at the .8550 area with a stop below the swing low at .8450 and an initial target near the swing high for roughly a 1:1 reward-to-risk. I’ll be ready to adjust my target higher and trail my stop accordingly, depending on how Brexit headlines turn out.
    As always, don’t risk more than 1% of your account on a single trade and make sure you read our risk disclosure if you’re thinking of taking the same setups.

  9. #339

    CADJPY Double Top Nearing Completion 12 Jan 2017

    Double top beginning to become apparent.
    MACD and Parabolic SAR switching bias towards bearish.
    100 day EMA likely to cap downsides to some extent.



    The CADJPY is looking ripe for a tumble within the next few weeks and these losses could be fairly substantial if the developing chart pattern comes to pass. However, aside from this nascent double top structure, there are a number of other technical signals hinting that we might see the pair move back towards the lower end of the prior year’s range. As a result, it’s worth taking a closer look at the changing bias of this only recently relentlessly bullish exotic cross.
    First and foremost, it is fairly patent that a likely double top formation is developing around the 12 month high. And whilst, yes, we do still need to see the CADJPY move back to the neckline around the 23.6% Fibonacci level to confirm the pattern, it is presently looking fairly certain that the whole structurewill form. Indeed, the pair has proven quite resistant to recent attempts to push it higher and it has been making steady progress towards the vital 85.98 level.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-2017011211-gif

    In addition to the price action described above, there are a handful of other technical signals that are hinting that Oil could mount a serious challenge to the $50 support. Firstly, the MACD oscillator has recently had a signal line crossover which would suggest a near-term top has formed. In addition to this, whilst not shown, the Parabolic SAR bias has shifted to bearish which should help the downtrend to remain firmly in place.

  10. #340

    USD/JPY Down But Not Out As Trump Spooks Markets Jan 12, 2017

    So, Donald Trump finally spoke and down went stocks and the dollar. Shares of biotech stocks took a hit after the President-elect signalled that his US government would negotiate aggressively on the price it pays for drugs. The USD/JPY, which tends to correlate positively with stocks, slumped, while the EUR/USD and even the GBP/USD surged higher. Perceived safe-haven and dollar-denominated gold and silver bounced back sharply. As we go to press the dollar was still weaker on the day, but off its worst levels.
    As mentioned in my previous report, there are no fresh catalysts to drive the dollar higher in the short-term. So we may see the US currency weaken further in the days to come. However, the greenback remains well supported in the long-term as the Fed continues to be the only major hawkish central bank out there. The next potential catalysts for a dollar move are a speech by Fed Chair Janet Yellen on Friday and US CPI on Wednesday.
    From a technical perspective, the USD/JPY has spent the best part of the last 4 weeks trying to work off ‘overbought’ conditions after its impressive rally came to a halt at end of last year. That rally stalled at a long-term resistance zone between 117.65 and 118.75. As can be seen on the chart, this was the area between the open and low of last up candle prior to the down move (circled) which preceded the drop to 100. It was here where the selling had started, in other words. Given the extent of the drop from here and also the size of the rebound, traders were always going to respect this resistance zone: buyers took profit on their longs, sellers initiated new shorts. Consequently, the USD/JPY has pulled back noticeably from this 117.65/118.75 area to drop to a low so far of 114.25.
    The break of 116.00 support, if sustained, could see the USD/JPY drop to at least 113.80 and below that the next line of defence is at 111.45. These levels were previously resistance and so they could turn into support upon re-test. At this stage, a weekly close above 117.65-118.75 is needed for the long-term bullish trend to be re-established. Either that, or a distinct reversal pattern at these slightly lower levels, ideally around the above-mentioned supports, needs to be formed before we potentially see the next leg of the up move.

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