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Page 49 of 49 FirstFirst ... 39474849
Results 481 to 489 of 489
  1. #481

    GBP/JPY Daily Outlook Jan20, 2017

    Intraday bias in GBP/JPY remains neutral for the moment with a temporary low in place at 136.44. Deeper decline is still expected with 142.16 support turned resistance intact. Whole corrective rise from 122.36 could have completed at 148.42. Below 136.44 will target 61.8% retracement of 122.36 to 148.42 at 132.31 and below. Though, above 142.16 will turn focus back to 148.42 high instead.

    In the bigger picture, price actions from 122.36 medium term bottom are seen as developing into a corrective pattern. Upside is so far limited by 38.2% retracement of 195.86 to 122.36 at 150.4 for setting the medium term range. At this point, we don't expect a break of 122.36 in near term and the corrective pattern would extend for a while.

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

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-222-jpg

  2. #482

    DAX: Trend, Consolidation Suggest Higher (Eventually) Jan20, 2017

    A strong close above 11650 and preferably also the 1/11 high at 11692 which will take out the 11670 8/’15 level as well, should get the DAX moving towards a visit of other top-side levels carved out during its decline in 2015 off of record highs. We’re looking at 11802, then 11920 with some fairly aggressive buying.

    What will flip the script upside down? If the market closes firmly below 11520, then takes out the 11400 line (the low of the end of December range). At that juncture, we will look to the top-side trend-line (<11300) running over August and April peaks.

    At the immediate moment, though, we’ll take it slow until we get a confirmed break one way or another.

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

  3. #483

    GOLD TECHNICAL ANALYSIS Jan 20, 2017

    Gold prices have barely budged since putting in a bearish Dark Cloud Cover candlestick pattern but the setup’s topping implications remain intact. A daily close below 1199.80 exposes the 14.6% Fibonacci expansion at 1182.06. Alternatively, a move above the 38.2% Fib retracement at 1219.20 sees the next upside barrier in the 1248.98-50.65 area (50% level, June 24 low).

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

  4. #484

    CRUDE OIL TECHNICAL ANALYSIS Jan20, 2017

    – Crude oil prices continue to trace out the makings of a Head and Shoulders topping pattern. Confirmation of the setup calls for a close below the 50.25-69 area (38.2% Fibonacci retracement, January 10 low). Beyond that, the next support level comes in at 48.72, 50% level. Alternatively, a rebound back above 52.44 exposes the 23.6% Fib expansion at 53.75.

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

  5. #485

    Silver Prices: Trading Levels in Play

    Traders looking to short, now is the time for price action to turn bearish – whether it be a sharp turn lower or a key reversal bar on a failed breakout above resistance. This would be the first true indication of a break in the upward momentum since bottoming in late-December.”

    On Wednesday, silver traded up above the 17.24 threshold we had penciled in before reversing and closing at the low of the session. It was a sign of rejection, a sign that momentum was turning back lower. But we need to see a break in the upward trend off the December lows before the down-side can gain traction.

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

    Pulling in closer to a 2-hour chart, silver is currently holding a lower parallel; and if silver is to make good on the rejection over 17 it will first need to break the near-term trend. Short-term traders looking to buy the dip on support, the lower parallel offers a line-in-the-sand. Resistance lies not far ahead, though, so a bounce back above 17 (especially 17.20/33) could stall-out quickly until overtaken on a daily closing basis. A drop below the lower parallel would be the cue for longs to turn cautious and shorts to look for a continuation of the rejection from resistance.

    Support first arrives at yesterday’s low at 16.70, and beyond there we look to a couple of swing lows in the 16.56/50 vicinity and then 16.23. On the daily chart, there is potential for support to arrive at a parallel extending down off the December highs; this line is married to the lower parallel where silver found its low in December, crosses under lows in November and October. The level is in the 16.45/40 vicinity. Between short-term swing lows and the daily parallel, 16.40/56 will be a pivotal zone of support.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-2-jpg

  6. #486

    GBP/USD outlook for January 23-27

    GBP/USD experienced the tremendous uplift in the course of the past week after prime minister Theresa May assured the public that the UK will reap lots of benefits after the country’s separation with the EU. The pound was rising throughout the week and ended it with impressive gains.

    Next week traders’ focus will be on the UK’s Supreme Court ruling scheduled for January 24. It should clarify whether Government needs to consult Parliament before triggering Article 50 or not. If the court decides that Ms. May doesn’t possess a unilateral right to invoke the aforementioned article, the sterling may get a significant boost and rise further. The US dollar’s outlook is bearish. The greenback risks to tilt downside as the first Trump’s orders come into force.

    The technical picture for GBP/USD has become bullish. The current GBP strength has room to extend higher towards the nearest resistances located at 1.2400 (50-day MA), 1.2535 (100-day MA) and 1.2715 levels (23.6 Fibo level traced from June 24 high). In the most unlikely, but still probable scenario, the quotes can fall towards the supports located at 1.2245 (January 19 low) and 1.2010 (January 17 low).

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

  7. #487

    AUD/USD outlook for January 23-27

    Aussie spiked to 0.7590 in the course of the past week mainly on the relative weakness of the US dollar. Janet Yellen was the main troublemaker. Her recent comments on the future of the Fed’s monetary policy sent the greenback lower on Friday. Australian employment report released on Tuesday was a mixed bag as it indicated a modest increase in the number of jobs created and, at the same time, a heightened unemployment rate. Upbeat China’s gross domestic product allowed Aussie to rise further.

    Next week the US dollar will be a major mover of the AUD/USD currency pair as there won’t be any significant events and data releases from Australia. Monday’s morning will herald a new era for the USA as soon as Donald Trump gets into power and signs his first executive orders. This can send the US dollar lower. Trump’s effect should influence the pair through the whole week.

    A number of fundamental factors that we’ve just specified may send Aussie higher towards 0.7660, 0.7650 (78.6 Fibo retracement level formed from the November 8 high) and 0.7780. On the downside, there are several supports located at 0.7500 (100-day MA), 0.7470 (the upper border of Ichimoku cloud), 0.7380 (near the 50-day MA) and 0.7273.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-2-jpg

  8. #488

    EUR/USD: "Three Black Crows" arrived Jan20, 2017

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

    We’ve got a “Shooting Star”, which has been confirmed. Therefore, the market is likely going to get a support on the nearest “Window” in the short term, which could be a departure point for a local upward correction. However, bears will probably try to test the 55 Moving Average afterwards.

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-2-png

    There’re a “Shooting Star” and a “Three Black Crows”, which both have been confirmed enough. In this case, the pair is likely going to reach a support on the 89 Moving Average shortly. If a pullback from this line happens, there’ll be a chance to have a bullish correction.

  9. #489

    USD/JPY: bulls going to break the last high Jan 20, 2017

    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei-11-png

    The price reached the 55 Moving Average, so we’ve got an “Engulfing” on this line, but the pattern hasn’t been confirmed yet. Therefore, the price is likely going to test the nearest resistance in the short term. Considering a possible pullback from this level, there’s an option to have another decline later on.

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