Archive for Technical Analysis

Bitcoin flexes while Dollar weakens

Article by ForexTime I find it remarkable and somewhat frightening how, no matter how much Bitcoin is pummeled by sellers, it simply bounces back even stronger. The most talked about cryptocurrency marched to a record high above $8000 on Friday, just five days after it sharply tumbled 29%. Bulls are always hungry for an opportunity […]

GBPNZD: Forex Technical Analysis – Positive UK data support GBPNZD

By IFCMarkets Positive UK data support GBPNZD UK average earnings and retail sales rose more than expected in October. Will the GBPNZD continue rising? UK consumer price inflation remained at a five-year high of 3% in October. Average weakly earnings during 3 months ending in September rose more than expected and retail sales in October […]

Fibonacci Retracements Analysis 17.11.2017 (BITCOIN, ETHEREUM)

Article By RoboForex.com BTC USD, “Bitcoin vs US Dollar” As we can see at the H4 chart, after being corrected to the downside very quickly, the BTC/USD pair has broken its previous highs and reached new ones. The next upside targets may be inside the post-correctional extension area between the retracements of 138.2% and 161.8% […]

Forex Technical Analysis & Forecast 17.11.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By RoboForex.com EUR USD, “Euro vs US Dollar” The EUR/USD pair has completed the first descending impulse and right now is being corrected. Possibly, the price may reach 1.1822. Later, in our opinion, the market may resume falling towards 1.1667.   GBP USD, “Great Britain Pound vs US Dollar” The GBP/USD pair is moving […]

EURUSD: price pulls back 61.8% before bouncing off the A-A channel

By Gabriel Ojimadu, Alpari Previous: On Thursday the 16th of November, trading on the euro/dollar pair closed down. The rate twice approached the zone of 1.1757 – 1.1759, but failed to break through. News from the US didn’t do sellers any good either. The US House of Representatives yesterday passed a tax reform bill proposed by […]

GBPUSD is testing 1.3229 resistance

GBPUSD is testing 1.3229 resistance, a breakout of this level could take price to the key resistance at 1.3337. As long as this level holds, the sideways movement in the trading range between 1.3027 and 1.3337 could be treated as consolidation of the downtrend from 1.3657 (Sep 20 high), and another fall towards 1.2774 support […]

Don’t Fight the Markets, Join Them!

By Admiral Markets Dear traders, How many times have you tried to fight with the market just to find out that it is virtually impossible to win unless you join. You always need to be aware of the fact that the Forex market is far more active and fast-paced than the stock market, and new […]

AUD/JPY Bearish Zig Zag Pattern Aiming for 85.35 if 86.25 holds

By Admiral Markets The AUD/JPY is following a bearish zigzag pattern that could reach D camarilla support levels as I showed during my Real-Time Daily Trading Ideas Live Webinar today. The AUD/JPY could reject from the POC zone 85.90-95 (50.0, W L5, EMA89, D H3) and as long as 85.18-25 holds we might see a […]

EURUSD: Forex Technical Analysis – Improving economic data bullish for euro

By IFCMarkets Improving economic data bullish for euro Improving euro-zone economic performance is bullish for euro. Will the EURUSD continue the rise? Recent better than expected German data highlight improving euro-zone economic performance. Germany’s statistics agency reported German economy grew at above expected 2.8% over year rate in the third quarter when a 2.3% growth […]

Forex Technical Analysis & Forecast 16.11.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By RoboForex.com EUR USD, “Euro vs US Dollar” The EUR/USD pair has completed the ascending correction and right now is forming another impulse to the downside, which may be considered as the start of a new descending wave. The first target is at 1.1727. Later, in our opinion, the market may start another correction […]

EURUSD failed to breakout of 1.1879 resistance

EURUSD failed in its attempt to breakout of 1.1879 resistance and pulled back from 1.1860. However, as long as the price is above 1.1740 support, the fall would possibly be consolidation of the uptrend from 1.1554, and another rise to test 1.1879 resistance is still possible after the consolidation. A breakout of this level will […]

EURUSD: daily pin bar model suggests a decline ahead

By Gabriel Ojimadu, Alpari On Wednesday the 15th of November, trading on the euro/dollar pair closed down to form a pin bar or shooting start model on the daily timeframe. The euro opened up in the European session. In the space of three hours, the rate jumped 68 pips to 1.1853. After the publication of US […]

Fibonacci Retracements Analysis 16.11.2017 (AUD/USD, USD/CAD)

Article By RoboForex.com AUD USD, “Australian Dollar vs US Dollar” At the H4 chart, the AUD/USD pair is moving downwards. After finishing the correction and breaking the low, the price entered the post-correctional extension area between the retracements of 138.2% and 161.8%. The next significant downside target is the retracement of 76.0% at 0.7520. At […]

Euro Rises To A 4-Week High But Fails To Keep Gains

By Orbex Blog Daily Forex Market Preview, 16/11/2017 The euro currency maintained the bullish momentum from the previous day as price action briefly rallied above 1.1800 handle marking a 4-week high. However, the common currency gave up the gains by the day’s close. Data from the US showed that consumer prices increased in October on […]

CATTLE: Technical Analysis – Holiday in the US may reduce the demand for beef

By IFCMarkets Holiday in the US may reduce the demand for beef The demand for beef is expected to decline in the US on the eve of a long weekend before Thanksgiving. Will the FCATTLE quotes drop? The US meat processing factories may be partially closed on November 23-24, 2017, during the Thanksgiving celebration. Traditionally, […]

Japanese Candlesticks Analysis 15.11.2017 (AUD/USD, USD/CAD)

Article By RoboForex.com AUD USD, “Australian Dollar vs US Dollar” At the H4 chart, after forming Hammer and Inverted Hammer patterns, which indicated a possible trend reverse, the AUD/USD pair broke them and continued falling. By now, the price has formed one more Hammer pattern and, judging from previous movements, may continue trading to the […]