Archive for Technical Analysis – Page 2

Snap general election shocker revives Sterling

Article by ForexTime Sterling was back in fashion on Tuesday, with the GBPUSD lurching towards 1.2675 following Theresa May’s unexpected announcement that there will be a snap general election on 8 June. This bombshell development has offered Sterling a solid boost, with markets now evaluating what impact this may have on the Brexit negotiations. The […]

Ichimoku Cloud Analysis 17.04.2017 (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 ran into one another (3). Ichimoku Cloud is heading up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect […]

Wave Analysis 17.04.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Article By EUR USD, “Euro vs US Dollar” Probably, after finishing the descending impulse in the wave [i], the EUR/UDS pair completed the correctional wave [ii]. As a result, during the next several days the market may resume falling in the third wave. As we can see at the H1 chart, the pair finished […]

France САС 40: Technical Analysis – Presidential election will take place in France

By IFCMarkets This week presidential election will take place in France This Sunday, on April 23, 2017, the 1st round of the French presidential election will take place. Will the political struggle escalate and will the French stock index САС 40 correct? Last week it updated its record high since August, 2015. Currently, there are […]

USDJPY remains in downtrend from 111.57

USDJPY remains in downtrend from 111.57, the rise from 108.13 is likely consolidation of downtrend. Resistance is at 109.40, as long as this level holds, the downtrend could be expected to continue, and next target would be at 107.00 area. On the upside, a break of 109.40 resistance will indicate that the downtrend had completed […]

Yen bears fail at big hurdle

Article by ForexTime USD bulls have managed to claw back some ground in the market today as the dollar was buoyed by positive market sentiment for the US economy and some risk appetite after the Easter season. For large market movers this was apparent for the USDJPY as it looked to claw back some of […]

Forex Technical Analysis & Forecast 17.04.2017 (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 still consolidating around 1.0615; this structure may be considered as a downside continuation pattern with the target at 1.0555. After reaching it, the instrument may return to 1.0615 to test it from below. All possible correction should be considered as an alternative […]

Murrey Math Lines 17.04.2017 (EUR/USD, USD/CAD)

Article By EUR USD, “Euro vs US Dollar” After rebounding from the daily Super Trend, the EUR/USD pair is trying to resume falling. If the price fixes below the H4 Super Trend during the day, the market may continue moving downwards to reach the 0/8 level. At the H1 chart, the pair tested the […]

EURUSD moved sideways in a trading range between 1.0569 and 1.0689

EURUSD moved sideways in a trading range between 1.0569 and 1.0689. As long as 1.0689 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0905, and further decline to 1.0400 area is still possible after the consolidation. On the upside, a break of 1.0689 resistance will indicate […]

​EUR/JPY Bearish Zig Zag Within Equidistant Channel

By Admiral Markets Bank holidays are usually days when low volatility is expected. Yen pairs tend to move with equities, especially Nikkei, so we have seen some volatility in the Yen during the Asia session. The POC for EUR/JPY comes within 115.75-95 (EQ channel top, ATR high, W H3, EMA89) and should reject the price. […]

GBP/USD Resistance at 1.25, EUR/USD & USD/JPY Key Bounces

By Admiral Markets EUR/USD has approached a key bounce spot at a strong support confluence. GBP/USD has broken 1.25 resistance and could use it for a bounce and USD/JPY is in a bearish break, pullback and continuation mode. Article by Admiral Markets Source: GBP/USD Resistance at 1.25, EUR/USD & USD/JPY Key Bounces Admiral Markets is […]

My 4 Best Tips for Multiple Frame Trading

By Admiral Markets Dear Traders, Many traders make all of their trading decisions on one single time frame. Other traders have stopped using multiple time frames after failing to implement the concept. By the end of this article, however, you will know why and how I use multiple time frame (MTF) analysis to improve and […]

GBPUSD is forming a triangle pattern on daily chart

GBPUSD is forming a triangle pattern on daily chart. Resistance is at the upper trend line of the pattern, as long as this trend line resistance holds, sideways movement could be expected to continue and next target is to test the support of the lower trend line. On the upside, a clear break above the […]

CORN: Technical Analysis – Wet weather supports corn prices

By IFCMarkets Wet weather supports corn prices Corn prices advance as rains delay sowing in Midwest. Will the price of corn continue rising? Rains are causing delays to early sowings of corn in the Midwest, which is bullish for corn prices. Wet weather is expected in the next two weeks also, though delays from mid-May, […]

EUR/USD: moderate growth expected on Good Friday

By Gabriel Ojimadu, Alpari Previous: On Wednesday, Donald Trump staged a verbal intervention against the strengthening of the US dollar, bringing it down in the process. On Thursday, the dollar recovered its losses. The EUR/USD rate fell from 1.0678 to 1.0609, bringing the Euro down just before the long weekend. Market expectations: On Friday the 14th […]

Japanese Candlesticks Analysis 14.04.2017 (EUR/USD, USD/JPY)

Article By EUR USD, “Euro vs. US Dollar” At the H4 chart of EUR USD, bearish Tower pattern indicated a descending correction. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction; Tweezers pattern confirms a bullish pullback towards resistance from the closest Window. At the H1 chart of EUR USD, bullish […]