Archive for Technical Analysis

Robert Prechter Talks About Elliott Waves and His New Book

By Elliott Wave International Avi Gilburt of conducted a thoughtful interview with Bob Prechter recently. We thought you’d like to see it. ********* 1. How did you come across Elliott wave analysis? My dad subscribed to Richard Russell’s Dow Theory Letters, and he would occasionally forward his copies to me. In 1968, Russell began […]

Ichimoku Cloud Analysis 21.04.2017 (GBP/USD, GOLD)

Article By GBP USD, “Great Britain Pound vs US Dollar” GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); D Tenkan-Sen and D Kijun-Sen are influenced by D “Golden Cross” (3). Ichimoku Cloud is still heading up (2); Chinkou Lagging Span is getting closer to the chart. […]

COPPER: Technical Analysis – Increasing output is bearish for copper prices

By IFCMarkets Increasing output is bearish for copper prices Copper supply is increasing as two major mine disruptions ended, while China’s construction growth slows. Will copper prices continue declining? The end of copper production disruption in two major mines has increased the global copper supply, pressuring prices. A 43 day strike at Escondida mine in […]

Forex Technical Analysis & Forecast 21.04.2017 (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 local upside target; it has already finished the descending impulse and broken its low. We think, today the price may test 1.0736 from below and then fall towards the target at 1.0695. Later, in our opinion, the market may be […]

Disappointing retail sales pressures Sterling

Article by ForexTime Sterling attracted a school of sellers during early trading on Friday, following the disappointing 1.8% decline in UK retail sales in March that rekindled fears of Brexit impacting the U.K economy. U.K retail sales posted their largest quarterly fall in seven years for the first quarter of 2017, as accelerating prices and […]

USDJPY is facing channel resistance

USDJPY is facing the resistance of the descending price channel on 4-hour chart. A clear break above the channel resistance will indicate that the downtrend from 112.19 had completed at 108.13 already, then further rise to 110.50 area could be seen. On the downside, as long as the channel resistance holds, the rise from 108.13 […]

It is all about the Euro

Article by ForexTime The Euro was elevated to levels not seen since March 2017 at 1.0777 during Thursday’s trading session, as participants discarded short positions ahead of the first round of the French Presidential elections this weekend. Although the Euro has continued to display resilience against pre-election jitters, investors should be under no illusion that […]

Japanese Candlesticks Analysis 20.04.2017 (EUR/USD, USD/JPY)

Article By EUR USD, “Euro vs. US Dollar” At the H4 chart of EUR USD, the Window in the middle provided support. Candlesticks are bullish; there are no reversal patterns right now. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction. At the H1 chart of EUR USD, there are no […]

Forex Technical Analysis & Forecast 20.04.2017 (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 being corrected. We think, today the price may reach 1.0695 and then grow towards the local target at 1.0763. After that, the instrument may continue falling to reach 1.0650.   GBP USD, “Great Britain Pound vs US Dollar” The GBP/USD pair is […]

USDJPY stays in the descending price channel

USDJPY stays in the descending price channel on 4-hour chart and remains in downtrend from 112.19, the price action from 108.13 could be treated as consolidation of the downtrend. As long as the pair is in the channel, the downtrend could be expected to continue, and next target would be at 107.00 area. On the […]

USD/CAD Bullish Marubozu on Daily Timeframe

By Admiral Markets The USD/CAD has formed a bullish marubozu (strong momentum candle) on daily timeframe (see the mini daily chart) which marks an uptrend. Retracement towards POC might start at the break of trendline (red). If the price gets to POC (38.2, ATR low, D L4, EMA89) the POC zone should spike the price […]

6 Reasons Why Price Action is The King

By Admiral Markets Dear Traders, For a long time, I have lived and breathed the markets. There is nothing more entertaining than watching price movements live on your screen. If I had to choose between watching the charts and European football championship finals, I’d gladly pick my charts. Trading Forex and price action is my […]

Sterling, Euro and WTI in focus

Article by ForexTime Sterling was catapulted to a fresh six-month high above 1.2900 during trading on Tuesday, as speculation heightened over the surprise snap general elections that are being used as a a measure to  reduce the risk of failure in the intricate Brexit negotiations. The likely possibility of Prime Minister Theresa May strengthening her […]

Forex Technical Analysis & Forecast 18.04.2017 (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 broken its consolidation range to the upside and completed another ascending structure along with the descending impulse. Possibly, today the price may continue falling to reach 1.0600. Later, in our opinion, the market may grow towards 1.0626.   GBP USD, “Great Britain […]

EURUSD broke above 1.0689 resistance

EURUSD broke above 1.0689 resistance, indicating that the downward movement from 1.0905 had completed at 1.0569 already. The pair is now in uptrend, further rise could be expected over the next several days, and next target would be at 1.0800 area. Near term support is at 1.0675, as long as this level holds, the uptrend […]

​​GBP/USD Bullish Pennant Targeting Higher Levels

By Admiral Markets The GBP/USD spiked heavily after UK PM Theresa May called for snap UK elections on June 8. UK PM May stated that these elections might further instill the stability in UK and would provide stability for longer period. Traders favored UK PM’s reasoning and the GBP flew off above weekly resistance levels. […]