Mohamed Samy
Technical analysis
2016-08-26
204
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
2016-08-26
146
visited:
The price zone of 0.7350 - 0.7400 (upper limit of the depicted channel) should offer 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 0.7400. 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.
Michael Becker
Technical analysis
2016-08-26
146
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 now constitutes the recent supply zone to be watched for new SELL entries if any bullish pullback extends above 1.3550.
Michael Becker
Technical analysis
2016-08-26
133
visited:
Recent bearish rejection was expected around the current price levels (note the monthly candlesticks of May and June). In the long term, the level of 0.9450 will remain a projected bearish target if the current monthly candlestick comes to close below the depicted monthly demand level of 1.0570. On the other hand, note that a monthly candlestick closure above 1.1400 invalidates this bearish outlook on an intermediate-term basis (low probability).
Petar Jacimovic
Technical analysis
2016-08-26
193
visited:
Strong rejection from the resistance level. The EUR/NZD pair is in a downward trend. Watch for selling opportunities on the pullbacks. Key support level is set at the price of 1.5235.
Petar Jacimovic
Technical analysis
2016-08-26
185
visited:
Watch for key cluster to confirm further direction. Rejection is more likely to happen but be prepared for second option also.
Ahsan Aslam
Technical analysis
2016-08-26
222
visited:
USD/JPY is expected to follow an upside movement. The pair is supported by a rising trend line since August 23, and is currently challenging the next resistance at 100.62, representing a key horizontal level.
Ahsan Aslam
Technical analysis
2016-08-26
183
visited:
USD/CHF is expected to trade with a bullish bias above 0.9640. The pair broke above its 50-period moving average and is now challenging the nearest resistance at 0.9687 (Aug 24 & 25 top). The relative strength index stands firmly above its neutrality area at 50.
Ahsan Aslam
Technical analysis
2016-08-26
176
visited:
NZD/USD is under pressure. The pair is trading below its 50-period moving average and maintains a bearish bias. 0.7345 represents a key resistance and should limit the upside attempts. Furthermore, the relative strength index is below its neutrality area at 50.
Mourad El Keddani
Technical analysis
2016-08-26
202
visited:
The NZD/USD pair faced resistance at the level of 0.7370, while minor resistance is seen at 0.7324. Support is found at the levels of 0.7243 and 0.7180. Also, it should be noted that a daily pivot point has already set at the level of 0.7280. Equally important, the NZD/USD pair is still moving around the key level at 0.7280, which represents a daily pivot in the H4 time frame at the moment.
Mourad El Keddani
Technical analysis
2016-08-26
209
visited:
The USD/CHF pair continues to move upwards from the zone of 0.9625 and 0.9652. Yesterday, the pair rose from the level of 0.9625 to 0.9697 which coincides with a ratio of 38.2% Fibonacci and 61.8% respectively on the daily chart. Today, resistance is seen at the levels of 0.9697 and 0.9717. So, we expect the price to set above the strong support at the level of 0.9625; because the price is in a bullish channel now. The RSI starts signaling an upward trend.
Alexandros Yfantis
Technical analysis
2016-08-26
316
visited:
Everyone is waiting for FED Chair Janet Yellen to speak today at Jackson Hole. The FED's strategy regarding interest rates will be the focus on any possible hint regarding a rate increase in September. The Dollar is expected to stay calm and trade sideways until the speech later today.
Sebastian Seliga
Fundamental analysis
2016-08-26
172
visited:
The fresh IFO Business Climate data from Germany had been released yesterday morning and investors can clearly see that the sentiment among German businesses was wakening the last month.
Alexandros Yfantis
Technical analysis
2016-08-26
272
visited:
Gold price is testing the $1,310 support and is in a short-term downtrend. Price is expected to continue lower towards $1,280 but first we could see a bounce towards $1,330-35 where a shorting opportunity will arise.
Sebastian Seliga
Fundamental analysis
2016-08-26
141
visited:
The Durable Goods Orders data surprised market participants yesterday as they printed better than expected figures.
Sebastian Seliga
Wave analysis
2016-08-26
133
visited:
A three-wave internal corrective cycle has been made and. The low for this cycle is the intraday support at the level of 1.2857.
Sebastian Seliga
Wave analysis
2016-08-26
138
visited:
It is almost clear that the current wave development is a form of a complex corrective cycle and as long as the low volatility trading period continues, the horizontal corrective cycle is still in progress.
Ahsan Aslam
Technical analysis
2016-08-26
154
visited:
GBP/JPY is expected to trade in a lower range as the bias remain bearish. The pair broke below a rising channel, which confirmed a bearish reversal.
Harsh Japee
Technical analysis
2016-08-26
162
visited:
The EURJPY pair is seen to be consolidating at the moment, looks to be in its wave 4 of the 5 wave's decline that resumed from 118.45 levels earlier. It is seen to be trading at 113.50 levels at this moment, looking to continue dropping lower from here.
Harsh Japee
Technical analysis
2016-08-26
103
visited:
The GBPCHF is stalling at 1.2750/60 levels at this moment, after having reversed lower from 1.2840 levels yesterday. Please note that the pair is still testing the resistance trend line and a push higher from here could open doors for 1.2880 and higher levels.
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