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Results 351 to 360 of 1085
  1. #351

    USD/CHF Daily Outlook Jan 12, 2017

    USD/CHF is staying in the consolidation pattern from 1.0342 and intraday bias remains 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
    [Only registered and activated users can see links. ]Long and Short Technical Analysis Daily by Andora Andrei

  2. #352

    DAX Faces Test After Failing to Maintain Breakout

    There is a lower parallel coming into play around current market prices, keep an eye on this as the first level of support. If slope support fails, then in order to at least keep the recent consolidation phase in play the DAX should hold around the 11525 level, and if not, look for the top of the digestion period from the end of the year to act as support around 11480. A break below 11480 would quickly bring in the Jan 2 low at 11414 and bottom end of the consolidation which led to the rally to start the year. At that point the sequence of rally, consolidate, rally, would be completely broken and a sign of developing trend change, even if only for a short period of time.

    Taking a look at the highly-correlated CAC 40, it’s on the verge of breaking down out of a consolidation pattern similar to the one built since last week in the DAX; a breakdown would also put the French index in position to threaten the monthly low created on Jan 2 at 4844. It’s a development worth keeping an eye on.

    But before we focus too much on the downside, the reality is that the DAX is neither here nor there as it trades at levels seen back on the first day of the year. As long as we remain in the confines of 11525 to 11692, the market will be choppy and the broader trend higher should still be given the benefit of the doubt as an extended range develops.

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

  3. #353

    EUR/USD Daily Outlook Jan 12, 2017

    EUR/USD is staying in range of 1.0339/0652 and intraday bias remains neutral for consolidation. As long as 1.0652 holds, outlook stays bearish and another decline is expected. Break of 1.0339 will extend the larger down trend to parity next. However, break of 1.0652 will now confirm short term bottoming and turn near term outlook bullish for stronger rebound to 1.0872 resistance first.

    In the bigger picture, whole down trend from 1.6039 (2008 high) is in progress. Such down trend is expected to extend to 61.8% projection of 1.3993 to 1.0461 from 1.1298 at 0.9115. On the upside, break of 1.1298 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

    [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

  4. #354

    USD/JPY Daily Outlook Jan 12, 2017

    USD/JPY's fall and break of 114.76 support indicates short term topping at 118.65. Intraday bias is back on the downside for 55 day EMA (now at 113.10) and below. At this point, we'd expect strong support from 38.2% retracement of 98.97 to 118.65 at 111.13 to contain downside and bring rally resumption. Above 118.65 will target at test on 125.85 key resistance next. However, sustained break of 111.13 will argue that whole rise from 98.97 has completed and bring deeper fall to 61.8% retracement at 106.48 and below.

    In the bigger picture, price actions from 125.85 high are seen as a corrective pattern. The impulsive structure of the rise from 98.97 suggests that the correction is completed and larger up trend is resuming. Decisive break of 125.85 will confirm and target 61.8% projection of 75.56 to 125.85 from 98.97 at 130.04 and then 135.20 long term resistance. Rejection from 125.85 and below will extend the consolidation with another falling leg before up trend resumption.

    [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

  5. #355

    GBP/USD: under the Cloud Jan 12, 2017

    GBP/USD: under the Cloud

    Technical levels: support – 1.2215; resistance – 1.2330.

    Trade recommendations:

    1. Sell — 1.2330; SL — 1.2350; TP1 — 1.2215; TP2 — 1.2160.

    Reason: bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen, but Tenkan-sen is rising; the prices are under the strong resistance of Senkou Span A.

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

  6. #356

    GOLD TECHNICAL ANALYSIS 12 Jan 2017

    – Gold prices are working on a fourth consecutive advance, which would make for the longest winning streak in two months. A daily close above the 1193.55-99.80 area (38.2% Fibonacci retracement, May 30 low) targets the 50% level at 1215.40. Alternatively, a reversal below the 23.6% Fib at 1166.51 exposes the 14.6% retracement at 1149.85.

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

  7. #357

    CRUDE OIL TECHNICAL ANALYSIS Jan 12, 2017

    – Crude oil prices turned higher after finding support above the $50/barrel figure but falling short of overturning the recent series of lower highs and lows. From here, a daily close above the 14.6% Fibonacci expansion at 52.59 exposes the 23.6% level at 53.75. Alternatively, a reversal below the 38.2% Fib retracement at 50.25 sees the next downside barrier at 48.72, the 50% threshold.

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

  8. #358

    USD/JPY: bears going to move on

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

    There’s a “Shooting Star” on the 21 Moving Average, which has been confirmed enough. Considering that we don’t have any reversal pattern here, the market is likely going to continue falling down towards the nearest support level.

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

    The last “Three Methods” led to the current decline. However, there’s a bullish “Inverted Hammer”, so the price is likely going to test the nearest resistance. If a pullback from this level happens, there’ll be an open door for a new low.

  9. #359

    EUR/USD Jan 13, 2017

    The American dollar fell further this Thursday, following the disappoint press conference from US President elect Trump late Wednesday. The EUR/USD pair rallied up to 1.0684 ahead of Wall Street opening, having spent the rest of the day consolidating above the 1.0620 level. The common currency received some additional support from local data, as German released its final 2016 GDP figure, showing that the country grew by 1.9% in 2016, from 1.7 in 2016. Also, the EU Industrial Production figures beat expectations in November, up by 1.5% in the month. The annual growth rate reached 3.2%, the strongest since 2011. In the US, weekly unemployment claims reached 247K last week, below market's forecast of 255K, although the previous week figure was upwardly revised to 237K from 235K. Import prices in December rose by 0.4%, following a 0.2% decline in November, whilst export prices rose by 0.3% from a previous -0.1%.
    Heading into Friday, the EUR/USD pair trades around 1.0658, with scope to extend its advance during the upcoming sessions according to intraday technical readings, given that if finally broke beyond December 29th high. Additionally, and in the 4 hours chart, the price is well above a now bullish 20 SMA that surpassed the larger ones whilst technical indicators maintain their upward strength within positive territory. The next relevant resistance comes at 1.0710, which stands for the 38.2% retracement of the November/January slide, with a weekly close above it, supporting a recovery up to 1.0800/40 for the upcoming week.
    Support levels: 1.0620 1.0565 1.0520
    Resistance levels: 1.0710 1.0750 1.0800

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

  10. #360

    USD/JPY Jan 13, 2017

    The USD/JPY pair plunged to its lowest in over a month, printing 113.75, before settling above the 114.00 level, still trading at its lowest since early December. The poor performance in stocks, added to a decline in US Treasury yields, with the 10-year benchmark trading at its lowest level since last November, and settling around 2.33%, as investors continued to reassess their post-elections positions. A couple of FED's members hit the wires in different events, some of them sounding more optimistic than other. Philadelphia FED´s President, Patrick Harker, said that the year started off on a "good foot" with inflation expectations starting to rally, whilst Evans and Bullard offered a more cautious approach to upcoming growth. From a technical point of view, the pair has reached a major support level, as 114.00 stands for the 23.6% retracement of the 2011/15 rally. The bounce has been for the most shallow so far, and the risk remains towards the downside in the short term, as in the 4 hours chart, the price remains far below its moving averages, with the 100 SMA gaining bearish strength around 117.00, and technical indicators hovering near oversold territory. The price needs to regain the 116.00 level during the upcoming days to regain the bullish potential seen mid December, something quite unlikely at this point. Renewed selling pressure below the 114.00 on the other hand, could see the pair returning to the 110.00 level during the upcoming weeks.
    Support levels: 114.60 114.20 113.70
    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

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