Archive for Technical Analysis

Gold shines as investors rush to safety

Article by ForexTime A sense of unease gripped the financial markets on Monday, with world stocks mostly lower as geopolitical uncertainty weighed on risk appetite.  Asian equity markets concluded depressed amid the lack of appetite for risk, and this bearish contagion has already infected European stocks. With geopolitical tensions in the Far East and political […]

Daily Market Report – USD/CAD Focused On Correction August 21, 2017

By USD/CAD Targeting New Lows USD/CAD opened with a gap down in the morning and looks determined to take out another support level. Is trading in the green right now even if the USDX is going down aggressively after another failure to take out the 93.81 static resistance. USDX is approaching the 93.00 psychological […]

Daily Market Report – GBP/USD needs a bullish spark August 21, 2017

By GBP/USD Could Buyers Take It Higher? GBP/USD Posted little gains today and needs a spark to be able to start another bullish momentum. Is trading in the green right, but looks undecided. I hope that we’ll have a trading opportunity very soon because looks like that the USD will decrease a little on […]

Fibonacci Retracements Analysis 21.08.2017 (EUR/USD, USD/JPY)

Article By EUR USD, “Euro vs US Dollar” As we can see at the H4 chart, the EUR/USD pair is still being corrected to the downside. The main targets of this correction may be the retracements of 38.2% and 50% at 1.1605 and 1.1513 respectively. At the H1 chart, the situation is pretty the […]

Markets look to a quiet start ahead of Jackson Hole Symposium

By Orbex Blog Daily Forex Market Preview, 21/08/2017 The US dollar was seen trading mixed by Friday’s close as the currency pair failed to hold on to the gains across some of its peers. The US dollar fell sharply against the Japanese yen, while against the euro and the British pound, the greenback was trading […]

Forex Technical Analysis & Forecast 21.08.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By EUR USD, “Euro vs US Dollar” The EUR/USD pair is still consolidating around 1.1718. Possibly, today the price may fall towards 1.1718, break it, and then continue moving downwards to reach 1.1666. After that, the instrument may form another consolidation range, break it to the downside, and reach 1.1487. An alternative scenario […]

EURUSD stays in price channel on 4-hour chart

EURUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.1909. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at the bottom support trend line of the price channel on its daily chart. On […]

Daily Market Report – USD/CHF Another Leg Higher August 21, 2017

By USD/CHF Inverse Head and Shoulders? The USD/CHF increased and is trying to recover after the last downside movement.Is trading in the green and looks determined to resume the Friday’s bullish candle. Price was rejected by a strong dynamic support and now is approaching an important dynamic resistance. However, we may still need a […]

US Dollar Trigger: EUR/USD, GBP/USD and USD/JPY

By Admiral Markets Analysis of the bull flag chart pattern within the EUR/USD uptrend, the GBP/USD approach of a support zone and potential head and shoulders pattern and the USD/JPY range within a triangle. This video reviews technical analysis and key chart zones and spaces of the EUR/USD, GBP/USD and USD/JPY. Article by Admiral Markets […]

USD/CAD Potential break of the trend line for downtrend continuation

By Admiral Markets The USD/CAD made another bearish swing during previous week as the Canadian CPI data was better than the previous reading. The CPI is the most important inflation-related release due to its earliness and broad scope. At this point the pair is having a retracement due to the bullish divergence formed at bottom. […]

Investors’ Focus Turns To Jackson Hole Fed Conference in Wyoming This Week 21-8-21

By  Dollar Moves Away From Friday’s 4-Month Low Vs Yen. The dollar inched up early on Monday, moving away from the four-month low against the yen weighed in the previous session on concerns that White House personnel changes will impair President Donald Trump’s ability to pass tax reform and stimulus measures. The dollar was up […]

6 Key Rules for Summertime Trading

By Admiral Markets Dear traders, We’re now in the middle of August, and many traders are enjoying a well-deserved rest. Still, not everyone is eager to run to the beach and leave their PCs behind. Today, we will explain how traders can tackle the Forex and CFD markets either from the beach or from the […]

Fibonacci Retracements Analysis 18.08.2017 (GOLD, USD/CHF)

Article By XAU USD, “Gold vs US Dollar” As we can see at the H4 chart, after being corrected to the downside by 50%, Gold is trying to resume the uptrend. After breaking the local high at 1292.14, the pair may move upwards to reach the post-correctional extension area between the retracements of 138.2% […]

Forex Technical Analysis & Forecast 18.08.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By EUR USD, “Euro vs US Dollar” The EUR/USD pair has reached the target level and formed the structure of the Expanding Triangle pattern. Possibly, today the price may be corrected to the upside to reach 1.1765 or even extend this structure towards the upside border of the range, which may be considered as a […]

EURUSD: recovery to 1.1771

By Gabriel Ojimadu, Alpari On Thursday the 17th of August, trading on the euro/dollar closed down. The daily candlestick closed with a range of 127 pips. The euro survived the ECB’s monetary policy meeting accounts. The price first jumped from 1.1663 to 1.1714. During the US session, the bulls managed to get it back up to […]

ECB Meeting Minutes Suggests Concerns On Euro Rally

By Orbex Blog Daily Forex Market Preview, 18/08/2017 The minutes of the meeting from the ECB that was released yesterday showed that while officials of the governing council discussed tweaking the forward guidance, concerns about further gains in the exchange rate kept officials from making such changes. The euro initially gains on the release of […]