Archive for Technical Analysis – Page 2

The importance of trust when choosing a broker

By Adinah Brown The forex industry as we know it today has its roots as a reaction to the traditional high street bank. For years, trading in currencies was limited to professional currency traders, often employed by the banking fraternity. The everyday man was on the outside, desperately pressing his nose to the window like a […]

​Bullish Economy and Inflation Faces Bullish Technology

By Admiral Markets Dear Traders, As unemployment levels in the US and EU are decreasing quickly, headlines about the potential impact of technology on business, employment levels, and products are, in fact, rising. Will the cautious rebound of Western economies continue and trigger wage growth and hence inflation? Plus how will technology impact the the […]

GBP/CHF Could Start Correction Soon

By Admiral Markets The GBP/CHF has formed a regular bullish divergence at Daily L5 support and currently shows a potential for upside correction. The POC zone 1.2665-75 (Multiple bottom, ATR pivot, historical buyers) might spike the price towards L4 and L3 (1.2759 and 1.2828). Have in mind that L4 (1.2759) is a strong resistance and […]

Markets stabilize but investors remain alert

Article by ForexTime Global stocks displayed subtle signs of stability during Friday’s trading session as investors re-evaluated the explosive Trump developments which rattled financial markets this week. Asian shares were a mixed bag amidst cautious trading while European equities edged cautiously higher. With the spiralling uncertainty over Donald Trump’s political future raising questions over his […]

EUR/USD: pair has entered a correctional phase

By Gabriel Ojimadu, Alpari Previous: Trading on the Euro closed down on Thursday, with a breakout of the trend line ending the 4-day rally. The pair fell to 1.1076 but sellers weren’t able to close the day below 1.1082 (the opening price of the candlestick on the 17th of May). Donald Trump is once again under […]

CORN: Technical Analysis – Corn prices slip on planting delay relief

By IFCMarkets Corn prices slip on planting delay relief Corn prices decline as concerns about planting delays subside. Will the price of corn continue falling? With concerns about corn planting delays due to rains in US subsiding as plantings exceeded market expectations while continuing to lag behind the five-year average, hedge funds increased their net […]

AUDUSD pulled back from 0.7466

Under pressure by the resistance of the descending trend line on 4-hour chart, AUDUSD pulled back from 0.7466. Another rise to test the trend line resistance is still possible after consolidation. As long as the pair is below the trend line, the rise from 0.7328 could be treated as correction of the downtrend from 0.7610 […]

GBPUSD: Forex Technical Analysis – Data support British Pound

By IFCMarkets Data support British Pound UK economy is improving ahead of June UK parliament election. Will the British Pound continue strengthening? The British Pound is rising amid improved economic data and corporate earnings in euro-zone, UK’s top trading partner. Two third of European companies out of 76% that have reported first-quarter results as of […]

EUR/USD: Euro down in the Asian session

By Gabriel Ojimadu, Alpari Previous: The Euro/dollar rate has closed up for the 4th day in a row. Speculation over the possibility of Donald Trump getting impeached helped the single currency strengthen to 1.1172. Escalating political tensions in the US have induced a slide in bond yields as well as a mass retreat towards safe haven […]

AUDUSD remains in the short term uptrend from 0.7328

AUDUSD remains in the short term uptrend from 0.7328, the fall from 0.7445 is likely consolidation of the uptrend. Further rise to test the resistance of the descending trend line on 4-hour chart is possible. Support is now at 0.7385, only a breakdown below this level will indicate that the short term uptrend is complete, […]

Sterling pressured ahead of UK retail sales

Article by ForexTime The main event risk for Sterling on Thursday will be April’s UK retail sales report which will be vital in providing some insight over the behaviour of consumers amid Brexit developments. With wage growth lagging behind inflation, the sales data may come under scrutiny for any signs of falling wages impacting consumer […]

AUD/USD Bullish Wicks Mark New Wave of Buyers

By Admiral Markets The AUD has been rebounding of late, with stronger Employment numbers for the month and a reduction in the Unemployment Rate to 5.7% as it approaches full employment. Interestingly, the MI Inflation target is 4% for the next 12 months, which may signal rate hikes in the near future. USD weakness continues, […]

Murrey Math Lines 17.05.2017 (EUR/USD, GBP/JPY)

Article By EUR USD “Euro vs US Dollar” The EUR/USD pair has reached the 3/8 level and rebounded from it. Furthermore, on the D1 chart this level still serves as a 7/8 level. Consequenlty, in the near term we can see a descending correction develop towards 2/8 level. This correction is confirmed when the […]

Sugar Prices: Technical Analysis – Weather may affect sugar crops

By IFCMarkets Weather may affect sugar crops According to the India Meteorogical Department forecast, the monsoon season will start in India at the end of August. The weather bureau increased the forecast of precipitation. Will the sugar prices rise? India is the world’s 2nd sugar producer (after Brazil) and the largest consumer. It is worth […]

Financial markets “Trumped” once again

Article by ForexTime A feeling of unease gripped the financial markets on Wednesday with investors shrinking away from riskier assets after political turmoil enveloped Donald Trump’s administration. Asian shares were mostly lower during early trading on Wednesday and bearish contagion has already contaminated European equities. With the latest bombshell developments in the Trump saga seen […]

Forex Technical Analysis & Forecast 17.05.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By The EUR/USD pair failed to complete the correction at 1.0970. Having completed a consolidation range, the market broke it bottom-upwards and elongated the ascending structure 2 times. Practically, the market has reached and exceeded its growth targets. For today, we’d consider a new consolidation range to develop on the current highs with […]