Yesterday we have entered LONG trade and breakout bullish wedge reconfirms us the Bullish action.
We were LONG on USDJPY and we have reached our shorter-term targets. Latest developments give a sign that the Japanese Yen may not be able to take advantage of the safe haven as it used to be. Yesterday’s better than expected US June PPI data (0.3% vs. Market Expectations, 0.2%), may already be a catalyst as the central bank policies differ in favor of the...
As described in the chart CwH neckline has been retested. Price is below EMA 50.
Levels as shown in the chart... DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money Visit our website for more
As described in the chart Good Luck
The bullish “corrective” rally of EURUSD seems to be ended at the EMA 50 resistance of the Daily Charts. 1.17880 resistance worked well. Harmonic Patterns sometimes really do their job very well. The Bearish Gartley worked well as predicted with the help of EMA resistance. Markets will focus on U.S PPI figures and ECB President Draghi’s speech today. Another...
AUDUSD retested 0.74800 following the positive data for China CPI/PPI. However, NAB Business Surveys were disappointing. We see a potential double top bearish reversal pattern in the H1 Chart time frame. The Neckline is located at 0.74560.
Gold breaks below the fractal – support at 1251. Tested 1247.08 MM -1/8 overshoot in H1 Chart. Trying to close above 1251. 1251 is a nice buying level for midterm purposes. If it can not make H1 closing above 1251, it is likely to test 1242.18 Fibonacci 78.6% of XA Impulse. We plan to enter LONG as shown in the chart. Entry Alerts would be sent to Premium...
Trade war, US Unemployment, Wages and FOMC minutes. Fundamentally: Trade war began. Dollar passed the week under the bearish pressure caused by the trade war worries. USD hit by soft unemployment data and wages growth figures under the expectations on the last day of the week. On the Euro side, less hawkish but far from dovish minutes was the catalyst of the...
We saw a minor decline in Crude Oil prices after the cancellation of Aramco IPO, however, the recovery came earlier than the general expectations. As we have written in our previous article, the US’s desire to put pressure on Iran before the November midterm elections (limiting Iranian oil’s access to the global market), limited US pipeline capacity of rock oil...
Nowadays, you can hear this song in the streets of London : It's coming home, It's coming home, it's coming Football's coming home After England's semi-final qualification - with one of the youngest team of their history, important political developments took place at the weekend in England. Markets are pricing Soft Brexit positively. We are reaching our...
Friday we published the trade setup. And it is validated. As shown in the chart
Our Midterm Targets will be 0.98700 and 0.98550. You can check our web for the details of the previous USDCHF trade idea.
As Described in the chart
In our latest analysis, we focused on 3 scenarios and our first target level was 1.32400. We saw a minor retracement at 1.32400 and Cable continue to move up as DXY falls. Our second target was 1.33800. Technically: The price is above EMA 50 and EMA 100. A bullish crossover of EMAs is forming. 1.33050 MM 5/8 Major Pivot is broken. And the bullish action will...
Crude Oil price continues rising after Friday’s data showing inventories fell three years low. Several times I have written that the pullbacks must be used as buying opportunities. In my latest analysis, I tried to explain in the historical charts that oil price is likely to hit 82-83 USD medium term. You may view the attached idea for details. As I tried the...
Fundamentally Gold Forecast: The gold market’s main concerns are now the potential economic fallout from the escalating trade war rhetoric and the hawkishness of the Federal Reserve’s rate hike path. Some analysts are much more positive on Gold due to the trade war tensions and its risks on global economic growth, however, “safe-haven” still flows into the U.S....