Felipe Erazo
Technical analysis
2016-08-30
341
visited:
Another bullish day for the US Dollar Index was seen during Tuesday's session, following positive data from the United States. The resistance lies at the 96.
Felipe Erazo
Technical analysis
2016-08-30
205
visited:
The pair is finding temporary support at the 1.3085 price zone, where the buyers are trying to resume the overall bullish structure. However, the resistance level of 1.
Mohamed Samy
Technical analysis
2016-08-30
319
visited:
Conservative traders should consider the current bullish pullback towards 1.2970-1.3000 (61.8% Fibonacci level) as a valid SELL entry. S/L should be set as a daily candlestick closure above 1.3000. On the other hand, note that daily fixation above 1.2980 (61.8% Fibonacci level) opens the way towards the price level of 1.3300 (50% Fibonacci level) where price action should be watched for a better SELL entry with a lower risk/reward ratio.
Mohamed Samy
Technical analysis
2016-08-30
239
visited:
As anticipated, the price zone of 0.7350 - 0.7400 (upper limit of the depicted channel) offered a valid SELL entry. Initial T/P levels should be located at 0.7100, 0.7000, and 0.6900. S/L should be set as a daily candlestick closure above 0.7300. Confirmation of the depicted Head and Shoulders reversal pattern requires a DAILY candlestick closure below 0.6970 (Neckline). Projection targets extend down to 0.6760 and 0.6690 levels. On the other hand, the price zone between 0.6760-0.6700 constitutes a support zone to be watched for a possible BUY entry if the current bearish swing extends below 0.7000.
Sebastian Seliga
Fundamental analysis
2016-08-30
177
visited:
The echoes of the Jackson Hole meeting are still present in the financial mass media. Recently, US FED vice chair Stanley Fischer spoke to Bloomberg TV about the possibility of the September interest rate hike. His answer regarding this topic was: central banks can't say "one and done" on rate hikes.
Michael Becker
Technical analysis
2016-08-30
207
visited:
By the end of June, a significant bearish breakdown below 1.3550 was expressed as seen on the depicted charts. Bearish persistence below the demand level at 1.3550 enhances the bearish scenario towards 1.2700 (the nearest bearish projection target) where price action should be watched for a possible short-term BUY entry. On the other hand, the price zone of 1.3845-1.4040 constitutes the recent supply zone to be watched for new SELL entries if any bullish pullback extends above 1.3550.
Michael Becker
Technical analysis
2016-08-30
213
visited:
Temporary bullish breakout was expressed above the price zone of 1.1250 (Supply Level 1). However, significant bearish rejection was expressed on Friday. Re-closure below 1.1250 (Supply Level 1) maintains enough bearish pressure in the market. Initial bearish target is located at 1.1050. Note that bullish persistence above 1.1250 allows further bullish advance towards 1.1400 (Supply Level 2) where a better SELL entry can be offered.
Sebastian Seliga
Fundamental analysis
2016-08-30
170
visited:
A bunch of macroeconomic data from Japan released overnight was mostly disappointing for market participants, but some of them were quite interesting`anyway.
Petar Jacimovic
Technical analysis
2016-08-30
108
visited:
The price found support at the level of 1.5395. Be careful when selling at this stage and watch for potential buying opportunities. First major take profit level is set at the price of 1.5620.
Sebastian Seliga
Wave analysis
2016-08-30
135
visited:
The top for the wave 3 looks to be in place as the market has made a possible double top formation at the level of 1.3045. This means the recent rally might be either wave 3 of the bullish progression or wave c purple of the more complex and time-consuming corrective cycle of a higher degree. Any violation of the intraday support at the level of 1.2965 will invalidate the impulsive bullish scenario.
Sebastian Seliga
Wave analysis
2016-08-30
153
visited:
The top of the wave (iii) has been established at the level of 114.67 and now the market is in the corrective cycle labeled as wave (iv). The most important level for the current Elliott wave count is the top of the wave (i) at 113.58. Any violation of this level would immediately invalidate the current wave development and cause a more complex and time-consuming corrective pattern to emerge.
Petar Jacimovic
Technical analysis
2016-08-30
121
visited:
Broken bearish flag according to the 30M time frame. Be careful when buying Gold and watch for selling opportunities on the pullbacks. First take profit level is set at the price of $1,310.70.
Mourad El Keddani
Technical analysis
2016-08-30
155
visited:
The NZD/USD pair faced strong resistances at the levels of 0.7287 because support became resistance. So, the resistance is seen at 0.7287. The NZD/USD pair is showing signs of weakness following a breakout of the highest level of 0.7287. Amid the previous events, the pair is still in a downtrend, because the NZD/USD pair is trading in a bearish trend from the new resistance line of 0.7287 towards the first support level at 0.7216 in order to test it.
Mourad El Keddani
Technical analysis
2016-08-30
162
visited:
The USD/CHF pair continues moving in a bullish trend from the support levels of 0.9744 and 0.9792. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support is seen at 0.9792, which coincides with a golden ratio (61.8% of Fibonacci).
Azeez Mustapha
Technical analysis
2016-08-30
170
visited:
There is a bullish signal on USD/CHF, which has come into place since last Friday. Bulls might be able to target the resistance levels at 0.9800, 0.9850 and 0.9900 this week. In this market, any bearish retracements that occur should be taken as opportunities to go long.
Dean Leo
Technical analysis
2016-08-30
200
visited:
Price reached our selling area as expected and is starting to reverse. Remain bearish selling below 102.25 resistance (Fibonacci retracement, horizontal resistance) for a drop to 100.00 support. RSI (21) is crossing below 69% major resistance. Stochastics (21,5,3) has reacted off 92% major resistance level as expected.
Dean Leo
Technical analysis
2016-08-30
144
visited:
Our profit target was reached perfectly last week. We now turn bearish looking to sell below 0.7270 major resistance (horizontal resistance, Fibonacci retracement, Fibonacci projection) for a drop to 0.7210 support. RSI (21) is on pullback resistance similarly with price.
Alexandros Yfantis
Technical analysis
2016-08-30
331
visited:
The Dollar index remains in an uptrend after the breakout above 95.20. Short-term charts show some divergence signals that provide a warning for Dollar bulls. However, I believe that any pullback will be a buying opportunity and traders should not chase the market now but wait.
Alexandros Yfantis
Technical analysis
2016-08-30
351
visited:
Gold price has bounced towards the 38% Fibonacci retracement and is turning back downwards. Price remains above support of $1,310 but trend remains bearish expecting a move towards $1,280-90 over the coming days.
Ahsan Aslam
Technical analysis
2016-08-30
193
visited:
USD/JPY is expected to advance further. The pair is holding on the upside and is likely to challenge its nearest resistance at 102.50. The 50-period moving average is well directed, and maintains a bullish outlook.
1234567..1574>>