Archive for Technical Analysis – Page 2

Forex Technical Analysis & Forecast 14.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

Article By EURUSD, “Euro vs US Dollar” EURUSD has finished another ascending wave. Today, the price may consolidate at the top. If later the instrument breaks this range to the downside, the market may start the fifth descending wave with the target at 1.2190. Risk Warning: the results of previous trading operations do not […]

Japanese Candlesticks Analysis 14.02.2018 (GOLD, NZDUSD)

Article By XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed several Hammer and Inverted Hammer patterns and rebounded from the support level. Right now, one may assume that these patterns indicate that the instrument may continue growing to update its closest highs. Risk Warning: the results […]

Forex market review (14/02/18)

By Veselin Petkov, Alpari As we await the European session, the euro continues to rise against the greenback, with the EURUSD pair currently trading at 1.2383 (+0.23%). Consequently, the US dollar index is continuing its decline from yesterday and is now trading at 89.38 (-0.25%). It’s interesting to note that the dollar index has been […]

GBP/USD Congestion Zone 1.3866-1.3916

By Admiral Markets The GBP/USD has been consolidating within the 1.3866-1.3916 zone and we can see a clear congestion without any clear breakout to the upside. UK January CPI remained at 3.0% contrary to the 2.9 % forecast. Technically the price has been supported at 1.3866-76 and while the price bias remains bullish, the pair […]

USDCNH: Forex Technical Analysis – Foreign Trade Surplus Decreased, M2 Increased in China

By IFCMarkets Foreign Trade Surplus Decreased and Money Supply M2 Increased in China The volume of China’s money supply M2 increased by 8.6% in January of this year compared to January 2017. This is much more than the preliminary forecasts. Will the USDCNH quotes advance? Their increase indicates the weakening of the yuan against the […]

USD/CAD Trend Line is Rejecting the Rally

By Admiral Markets Source: Admiral Markets MT5 The USD/CAD is rejecting the trend line and the POC zone 1.2580-1.2600 with a very congested move that still lacks the real bearish momentum. The weakness in oil prices weighs on CAD and that could be the reason for a consolidation without a bearish break. However if the […]

Japanese Candlesticks Analysis 13.02.2018 (EURUSD, USDJPY)

Article By EURUSD, “Euro vs. US Dollar” As we can see in the H4 chart, after completing several Hammer, Inverted Hammer, and Engulfing patterns, EURUSD has been corrected from the support level and formed several Shooting Star patterns, which may indicate that the price may resume falling to updates its closest lows. Risk Warning: […]

Ichimoku Cloud Analysis 13.02.2018 (AUDUSD, NZDUSD, USDCAD)

Article By AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.7859; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the downside border of the cloud at 0.7885 and then continue moving downwards to reach 0.7690. Another signal to confirm […]

Forex market review (13/02/18)

By Veselin Petkov, Alpari Today, as trading in Europe is soon to get underway; the single currency is trading at 1.2308 against the greenback, marking a modest rise of 0.16%. In the wake of these small gains, the US dollar index has slipped by 0.13% to trade at 89.89. The euro has been slowly rising […]

Sterling flat ahead of UK inflation data

Article by ForexTime Sterling struggled for direction on Tuesday morning, as investors remained on the sidelines ahead the release of January’s CPI inflation figures from the United Kingdom. Today’s pending consumer price index (CPI) readings could be a big deal, especially when considering how the British Pound remains sensitive to monetary policy speculation. Headline inflation […]

Learn How Part-Time Traders Can Benefit From Long-Term Charts

By Admiral Markets Dear traders, Intra-day trading systems attract a lot of attention. Many traders believe that trading can only be done properly or profitably on lower time frames by trading short-term. One of the disadvantages of short-term trading is that it requires time and focus, which is why not everyone can trade in this […]

Fibonacci Retracements Analysis 12.02.2018 (GOLD, USDCHF)

Article By XAUUSD, “Gold vs US Dollar” In the H4 chart, the descending correction continues; it has already reached the retracement of 38.2%. The next targets of this decline are the retracements of 50.0% and 61.8% at 1301.30 and 1286.00 respectively. Risk Warning: the results of previous trading operations do not guarantee the same […]

Forex Technical Analysis & Forecast 12.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

Article By EURUSD, “Euro vs US Dollar” EURUSD has broken the channel of the third descending wave. Possibly, today the price may grow towards 1.2300 and then fall to reach 1.2255, thus forming a new consolidation range near the lows. If later the instrument breaks this range to the upside, the market may start […]

Forex market review (12/02/18)

By Gabriel Ojimadu, Alpari Today, on the 12th of February, the US dollar on the whole is trading slightly down in the Asian session compared to Friday’s closing prices. The US dollar index (DXY) is currently trading around the 90.04 mark (-0.22%), while the EURUSD pair is trading at 1.2287 (+0.30%). This minor decline for the […]

USD/JPY Downtrend Continuation Only if 108.45 Breaks

By Admiral Markets Source: Admiral Markets MT5 The USD/JPY short zig-zag moves since February 7, have formed a clear pattern that suggests possible continuation to the downside. However, we can see steady support within 108.45 zone and if the zone holds we might see a spike first towards 108.90-109.00 POC zone. However, if the price […]

USDCHF: Forex Technical Analysis – Preparing for inflation data in Switzerland

By IFCMarkets Preparing for the publication of inflation data in Switzerland The US dollar index rose by 1.7% in a week and demonstrated a maximum increase in 15 months. Perhaps its strengthening will continue in relation to some currencies as well. Will the USDCHF grow? Their increase indicates the strengthening of the US dollar against […]