Register

If this is your first visit, please click the Sign Up now button to begin the process of creating your account so you can begin posting on our forums! The Sign Up process will only take up about a minute of two of your time.

Follow us on Facebook Follow us on Twitter Linked In Watch us on YouTube Blogger
Your Banner Here
You cannot rate threads
0
 
Page 33 of 109 FirstFirst ... 2331323334354383 ... LastLast
Results 321 to 330 of 1085
  1. #321

    Gold Rebound Heading For Major Resistance Jan 11, 2017

    For more than two weeks, the price of gold has been in a strong rebound from its late-December bottom around the $1125 level. This rebound follows a sustained drop in price that began from the July highs around $1375 and followed-through to the December lows. The current rebound has been prompted in large part by a tentative stalling and pullback in US dollar momentum after the Federal Reserve raised interest rates in December as expected.
    While the dollar has indeed lost momentum in the past few weeks, however, it still remains well-supported on anticipation of a potentially accelerated pace of Fed rate hikes this year. This anticipation comes as a result of consistently solid US employment data and an expected rise in inflation due in part to the pro-growth policy promises of the incoming Trump Administration.
    If the Fed continues to tout its relatively hawkish stance, especially when viewed in contrast with the dovishness of other major central banks, the dollar should continue to be boosted against other major currencies – most notably the euro and yen. In view of this likelihood for continued dollar strength, the outlook for the current gold rebound does not appear particularly bright.
    From a price perspective, this rebound has pushed gold from the noted $1125-area December bottom up towards a major psychological price level at $1200. On any further rebound for gold, the $1200 level should serve as key resistance in light of continuing upside pressures on the dollar. In the event of a downturn at or near $1200 resistance, the $1100-1125 support area should continue to serve as the key near-term downside target.

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


  2. #322

    EUR/USD Jan 11 2017

    The American dollar weakened further in the Asian trading session, sending the EUR/USD up to 1.0626, a fresh weekly high, although the pair changed course mid European morning, unable to sustain gains above the 1.0600 level. There were no macroeconomic news in the EU, while in the US, data were mixed, with the number of jobs' openings little changed in November at 5.522 million, against expectations of 5.555M and below previous 5.451M. The NFIB Business Optimism Index for November, jumped to 105.8 beating expectations and previous 98.4, the biggest confidence monthly rise since 1980 and the highest since the end of 2004.
    The greenback has been generally soft in the near-term, but the long term scenario, with healthy employment, growing inflation, and the Central Bank being the only in the tightening path, continues favoring dollar's gains in the longer run. Intraday, the absence of macroeconomic releases has left majors at the goodwill of sentiment, led by stocks. With European and American equities modestly up, the dollar closed higher against most of its major rivals. The EUR/USD pair fell down to 1.0550 and trades a few pips above it by the end of the US session, offering now a neutral stance in the 4 hours chart, as the price is stuck around the 23.6% retracement of its latest monthly slide and the 20 SMA, both around 1.0565, while technical indicators have turned modestly lower around their mid-lines, lacking directional momentum. A break below 1.0500 should see the pair resuming its decline, while only beyond 1.0650, December 29th high, the pair can gather some upward momentum and extend its upward corrective move up to 1.0710.
    Support levels: 1.0530 1.0490 1.0445
    Resistance levels: 1.0580 1.0620 1.0650

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

  3. #323

    USD/JPY Jan 11, 2017

    The USD/JPY pair maintains the bearish tone seen late last week, falling down to 115.19 this Tuesday, and unable to regain the 116.00 mark, in spite of marginally stronger dollar by the end of the day. Yields remained stable in the US, with the 10-year note benchmark at 2.38%, unchanged from its previous close. Japan will release its preliminary leading economic index and December's foreign reserves during the upcoming session, these lasts being more relevant given latest news coming from China. In the meantime, and from a technical point of view, the pair is biased lower in intraday charts, as in the 1 hour one, the price is developing below its 100 and 200 SMAs, with the shortest providing an immediate resistance at 116.25, and technical indicators having quickly resuming their declines after entering positive territory. In the 4 hours chart, the Momentum indicator heads south below its 100 level, the RSI consolidates around 43, while the price struggles around the 200 SMA, having pared early gains well below the 100 SMA. A break below 115.00 will expose the long term Fibonacci support at 114.00, and even though, the movement will remain corrective, as it will mean that the pair retraced half of its latest gains.
    Support levels: 115.40 115.00 114.60
    Resistance levels: 116.10 116.60 117.00

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

  4. #324

    GBP/USD Jan 11, 2017

    Brexit-related concerns maintained the Pound under pressure, with the GBP/USD pair extending its slide to a fresh multi-month low of 1.2106 mid London session. There were no fundamental news coming from the UK this Tuesday, but on Wednesday, the kingdom will release its latest Trade Balance data, alongside with manufacturing and industrial production figures, which surprised to the downside in October, and may disappoint again tomorrow. Good results from the mentioned reports will likely do little for the Pound, as the ongoing negative tone is based on political woes, although another round of negative readings will only fuel Pound's slide. The pair advanced up to 1.2189, but quickly retraced and in the 4 hours chart, the risk remains towards the downside, as the 20 SMA has accelerated its slide far above the current level, while the RSI indicator resumed its decline after a modest upward correction from oversold readings. The Momentum indicator in the mentioned chart also stands well below its mid-line, supporting the case of a new leg lower on a break below the 1.2080 region, a strong static support area.
    Support levels: 1.2130 1.2085 1.2050
    Resistance levels: 1.2200 1.2240 1.2290

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

  5. #325

    CAD/JPY: Jan 11 2017

    CAD/JPY bears are defending the 89.00 major psychological handle well, enough to cause a double top pattern around the area. This time around a divergence has also popped up to entice the bears. Think the Loonie will break below the “neckline” around the 86.00 handle? Or will forex playas pay more attention to the 100 SMA almost crossing above the 200 SMA and push an upside breakout? Read up on trading double tops and bottoms like these if you haven’t done it yet!

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

  6. #326

    GBP/USD: correction going to move on Jan 11 2017

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

    The main trend is still bearish. The price is consolidating between a support at 1.2113 and a resistance at 1.2198. So, the market is likely going to decline towards a support at 1.2081. If we see a pullback from this level, there’ll be an option to have an upward movement in the direction of the nearest resistance at 1.2198 – 1.2227.

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

    There’s a consolidation, which is taking place above a support at 1.2113. Considering a resistance at 1.2198, bears are likely gong to test a support at 1.2106 – 1.2081 during the day. If a pullback from this area be on the table, bulls will have a chance to test a resistance at 1.2219.

  7. #327

    GOLD TECHNICAL ANALYSIS Jan 11, 2017

    – Gold prices continued to rise, hitting the highest level in six weeks. Near-term resistance remains in the 1193.55-99.80 area (38.2% Fibonacci retracement, May 30 low), with a daily close above that exposing the 50% level at 1215.40. Alternatively, a turn back below the 23.6% Fib at 1166.51 targets the 14.6% retracement at 1149.85.

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

  8. #328

    CRUDE OIL TECHNICAL ANALYSIS Jan 11, 2017

    – Crude oil prices fell for a second consecutive day. Support is now at 50.25, the 38.2% Fibonacci retracement. A break below this barrier confirmed on a daily closing basis exposes the 50% level at 48.72. Alternatively, a reversal back above the 23.6% Fib at 52.15 targets the January 3 highat 55.21.

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

  9. #329

    GBP/JPY Daily Outlook Jan 11, 2017

    Intraday bias in GBP/JPY remains on the downside as fall from 148.42 short term top is in progress. Further decline should be seen to 38.2% retracement of 122.36 to 148.42 at 138.46. As note before, rise from 122.36 is seen as a corrective move. Sustained trading below 138.46 and downside acceleration will indicate that such correction is finished too. And in that case, deeper fall should be seen to 61.8% retracement at 132.31 and below. On the upside, break of 145.38 resistance is needed to confirm completion of the fall from 148.42. Otherwise, near term outlook stays bearish in case of recovery.

    In the bigger picture, the down trend from 195.86 top (2015 high) should have made a medium term bottom at 122.36 after hitting 100% projection of 195.86 to 154.70 from 163.87 at 122.71. Price actions from there are expected to develop into a medium term corrective pattern. Upside should be limited by 38.2% retracement of 195.86 to 122.36 at 150.4 for setting the medium term range.

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

  10. #330

    EUR/AUD Daily Outlook Jan 11, 2017

    EUR/AUD's fall from 1.4721 resumed by taking out 1.4322. Intraday bias is turned back to the downside for 1.4072. Break there will extend the correction from 1.6587 towards next key support level 1.3671.On the upside, above 1.4467 minor resistance will turn bias neutral again.

    In the bigger picture, price actions from 1.6587 medium term top are viewed as a consolidative pattern. 50% retracement of 1.1602 to 1.6587 at 1.4095 was already met. While further fall cannot be ruled out, we'd expect strong support above 1.3671 to contain downside and bring rebound. Up trend from 1.1602 should not be finished and will resume later. Break of 1.5094 will be the first sign of resumption of up trend from 1.1602 and target retesting of 1.6587 resistance first.

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

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

User Tag List

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
All times are GMT +3. The time now is 07:48 AM.
Powered by vBulletin® Version 4.2.3
Copyright © 2017 vBulletin Solutions, Inc. All rights reserved.
DragonByte SEO, Advanced @User Tagging, Advanced Post Thanks / Like, Thread Ratings - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.
All that information inside Forum does not necessarily reflect the opinion of the Forum Management, but expresses the opinion of the writer.
Advertising positioning by Digital Point