Archive for Technical Analysis

EUR/JPY Bearish ABCD Pattern in Progress

By Admiral Markets The EUR/JPY has been in downtrend since end of January and the drop is validated by bearish ABCD pattern . At this point we can see a confluence within 119.45-65 zone (inner trend line, ATR high, 38.2) and the pair might reject from the zone targeting 118.60 and 118.20. Weekly chart also […]

Forex Technical Analysis & Forecast 24.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By RoboForex.com EUR USD, “Euro vs US Dollar” Being under pressure, the EUR/USD pair is moving upwards. Possibly, the correction may continue to reach 1.0640. At the moment, the price is expected to fall towards 1.0555 and then resume growing.   GBP USD, “Great Britain Pound vs US Dollar” Being under pressure, the GBP/USD […]

SUGAR: Technical Analysis – Lower production deficit estimate is bearish for sugar prices

By IFCMarkets Lower production deficit estimate is bearish for sugar prices The International Sugar Organization lowered world sugar production deficit estimate for 2016-17. Will sugar prices decline? The International Sugar Organization lowered its estimate for the world sugar production shortfall in 2016-17 by 324,000 tonnes, on an October-to-September basis. Despite a reduction in consumption estimate […]

GBPJPY trapped in a wedge

Article by ForexTime The bearish combination of Sterling weakness from the ongoing Brexit woes and Yen’s resurgence amid risk aversion could expose the GBPJPY to downside shocks. This pair may find itself under renewed selling pressures on the daily charts with a breakdown below 140.50 encouraging a decline towards 139.00 and 136.50 respectively. Technical lagging […]

Wave Analysis 23.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Article By RoboForex.com EUR USD, “Euro vs US Dollar” Probably, after finishing the impulse in the wave [i] and the correctional wave [ii], the EUR/USD pair started forming the wave [iii]. Consequently, after completing the local correction, the price is expected to continue moving downwards. More detailed structure is shown on the H1 chart. It’s […]

Fibonacci Retracements Analysis 23.02.2017 (EUR/USD, EUR/GBP)

Article By RoboForex.com EUR USD, “Euro vs US Dollar” The EUR/USD pair is being corrected to the upside. The closest target for bulls is the retracement of 61.8% at 1.0608. If the price rebounds from this level, the market may resume moving downwards. At the H1 chart, the local correction may take place in the […]

USD/JPY Master Candle Setup on Intraday Chart

By Admiral Markets As we could see on Live Trading Session yesterday both EUR/USD and USD/JPY went in profits. The USD/JPY long from 113.36 tested 113.65 providing approximately 30 pips before FOMC tanked the price.The chart shows previous Master Candles and their respective breakouts. At this point we can see that a Master Candle (MC) […]

EUR/USD: François Bayrou has reduced political risks in Europe

By Gabriel Ojimadu, Alpari Previous: Trading on the euro on Wednesday closed up. In the first half of the day, the euro fell against the dollar to 1.0494 on the back of a rise in premiums over political risks. A ricochet from the session minimum followed at 18:38 (GMT+3) after François Bayrou, leader of the “Democratic […]

Could the EURUSD be oversold?

Article by ForexTime The EURUSD has fallen under heavy selling pressure throughout trading this week, declining to levels not seen since the second trading week of 2017 just below 1.05. The catalyst for the sudden rush of downside momentum has been linked to fresh concerns from investors that Marine Le Pen might pull off a […]

XOM/BRENT: Technical Analysis – Oil price increase may trigger shale plays development

By IFCMarkets Oil price increase may trigger shale plays development In this report we consider studying the personal composite instrument (PCI) ”Exxon Mobil stocks against Brent”. It may increase in case Exxon Mobil stocks growth outpaces the Brent oil prices. In 2016 the oil service producer Exxon Mobil reported its lowest earnings in recent 20 […]

Why Traders Should Use the Benefit of Low Spreads

By Admiral Markets *Example of different instruments and their spreads Dear Traders, Spread reduction can be very exciting for traders. The promise of “free” cash with a good scalping strategy can make a trader’s head spin and their fingers very ‘trigger-happy’ (by which I mean traders start taking many trades). Let’s use some examples. First […]

Wave Analysis 22.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Article By RoboForex.com EUR USD, “Euro vs US Dollar” It looks like after finishing the descending impulse in the wave [i] and the correctional wave [ii] in the form of the zigzag, the EUR/USD pair is starting a new decline in the wave [iii]. After completing the local correction, the price is expected to continue […]

Forex Technical Analysis & Forecast 22.02.2017 (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 is forming the fifth descending wave with the target at 1.0500. Possibly, today the price may test 1.0560 from below. Later, in our opinion, the market may continue falling towards 1.0500. After that, the instrument may be corrected to reach 1.0660.   GBP […]

EUR/USD: euro’s situation unclear due to political risks in the Eurozone

By Gabriel Ojimadu, Alpari Previous: On Tuesday, trading on the euro closed down at 1.0530. The euro came under pressure from the release of a public opinion survey in France and the speech from the head of the Philadelphia Fed, Patrick Harker. According to the latest survey by Elabe, support for presidential candidate Marine Le Pen […]

Dynamic Market Conditions & Forex Indicators for Trading

By integratefx.com As soon as you cross the boundary to step into the Forex trading world, two things clearly stick out: the need to identify trends while reading forex charts by utilizing forex technical analysis and the importance of anticipating a trend as early as possible so as to make the most of it. While the […]

EUR/USD Total Bearish ZigZag Could Break Next Support

By Admiral Markets After a strong reading of PMI data across the major European economies, the EURUSD continued its bearish move ahead of this week’s FOMC minutes due to be released. The tone of the most recent media relating to FOMC suggests hikes sooner rather than later, so watch for a bullish move on the […]