Archive for Technical Analysis

How Will New Trends in Technology and Economies Impact Financial Markets?

By Admiral Markets Dear Traders, US and EU economies are slowly but surely showing signs of recovery. The development and application of new technology is also picking up steam – see image above. How will these two trends impact the financial markets? And what lessons can traders learn from such trends? This article attempts to […]

USD/JPY: Fall below 111.00 revives the bearish outlook

By Macroeconomic overview: St. Louis Federal Reserve President James Bullard said the current level of U.S. prices is noticeably lower than what it would be if the Federal Reserve had delivered on its 2% inflation target. The U.S. central banker said U.S. prices are now 4.6% below the price level path established from 1995 […]

AUDUSD: Forex Technical Analysis – Improving global growth lifts Australian dollar

By IFCMarkets Improving global growth lifts Australian dollar The Reserve Bank of Australia held its policy unchanged at May policy meeting. The Australian dollar is rising after positive recent data. Will the Australian dollar continue strengthening? The Reserve Bank of Australia (RBA) held the interest rate at 1.5% at its May 2 policy meeting. RBA […]

Your Forex Leverage & How To Manage It

By IntegrateFx One of the biggest drawbacks faced by traders on a daily basis is the failure to manage Forex leverage in an effective manner. Trading with leverage can go a long way in improving your returns, but it also raises the risk of losing big in case a trade failure occurs. Traders are allowed […]

EURUSD: price trading in the middle of a narrowing range

By Gabriel Ojimadu, Alpari Previous: Trading on the Euro on Thursday closed down. The price continued to trade within a daily range of 1.1160 to 1.1270. The pair fell to 1.1194. Buyers didn’t allow sellers to push the price down any further as they received some support during the US session from the EUR/GBP cross. The […]

GBP/USD Bearish Divergence Could Bring the Pair Lower

By Admiral Markets The GBP/USD is still in uptrend on 4h but it is showing a bearish diveregence that could tank the price lower. 1.2830 is support and if the support breaks, the pair could head towards 1.2785. In case of retracement, we might see 1.2900-1.2915 the POC zone (inner trend line, ATR pivot, W4, […]

EURGBP: A Picture of Elliott Wave Precision

The euro’s recent surge to two-month highs against the pound fit its Elliott wave blueprint beautifully By Elliott Wave International Let’s assume financial markets are driven by news events. Negative news items cause prices to fall, while positive items fuel rallies. Easy enough, right? Not exactly. See, there are several problems with this premise, most […]

NZDUSD: Forex Technical Analysis – New Zealand dollar strengthens on positive economic data

By IFCMarkets New Zealand dollar strengthens on positive economic data The New Zealand dollar is rising since mid-May, and widening trade surplus in April was the last piece of positive news among recent economic data. Will the New Zealand dollar continue strengthening? New Zealand’s trade surplus widened in April from a year earlier. The bigger-than-expected […]

EURUSD: FOMC minutes bring buyers back to the market

By Gabriel Ojimadu, Alpari Previous: On Wednesday, the Euro closed up. A weakening of the dollar came after the publication of the FOMC’s minutes. They show that almost all FOMC members are in agreement over a plan to gradually reduce the central bank’s balance sheet over the course of the year. They also came to the […]

EURUSD failed to break below 1.1161 support

EURUSD failed to break below 1.1161 support and moved sideways in a trading range between 1.1161 and 1.1267, indicating that the pair remains in uptrend from 1.0839 and the fall from 1.1267 could be treated as consolidation of the uptrend. As long as the 1.1161 support holds, the uptrend could be expected to continue and […]

US equity bulls look to strike

Article by ForexTime The US economy has so far been slightly less upbeat as of late, as Trump fears split over into the market leading to a selloff in the equity markets and the US dollar. So far those fears have been driven back by the recent trade deals with Saudi Arabia around US infrastructure […]

A New Approach to Wolfe Wave Trading

By Admiral Markets Dear traders, In my first Wolfe Wave blog we talked about the practical usage of Wolfe Waves in the Forex market and the break of the 1-3 trend line entry. Today I will show you new techniques based on a combination of the ATR indicator and Fibonacci Expansion. One of the single […]

PRE FOMC Coverage: EUR/USD Bearish Head and Shoulders For Possible Drop

By Admiral Markets On hawkish FOMC, the EUR/USD could drop from POC and POC2. POC 1.1180-1.1200 (D H3, Top of Left Shoulder, ATR Pivot) could reject the price lower towards 1.1150 and 1.1080. In the case of deeper retracement (less hawkish FOMC or dovish FOMC) the POC2 1.1220-30 (D H4, ATR Pivot) could reject the […]

EURUSD: correction on the Euro underway

By Gabriel Ojimadu, Alpari Previous: The Euro/dollar pair closed Tuesday’s trading down. Sellers managed to almost completely erase Monday’s gains (engulfing the body of the candlestick). A rise in US bond yields in response to increased probability of the Fed tightening their monetary policy in June acted as a catalyst for the US dollar’s growth. On […]

EURUSD moved below the ascending trend line

EURUSD moved below the ascending trend line on 4-hour chart and is now facing the 1.1161 support, a breakdown below this level will indicate that the uptrend from 1.0839 had completed at 1.1267 already, then the pair will find support at around 1.1070, followed by 1.1030. On the upside, as long as 1.1061 support holds, […]

EURUSD: Euro-bulls reluctant to take profit

By Gabriel Ojimadu, Alpari Previous: On Monday, the Euro closed up against the US dollar for the second session in a row. Since the 11th of May, the single currency has appreciated by 3.76% or 408 pips. It’s been updating its highs for 7 days, just like the bitcoin. The EUR/GBP cross is in unison with […]