Hossam Soliman Ali
Technical analysis
2016-06-24
310
visited:
The gold price traded with slight negativity yesterday, approaching gradually from our awaited target at 1,243.17. We remind you that the current decline is temporary and the price is likely to rebound bullishly.
Hossam Soliman Ali
Technical analysis
2016-06-24
184
visited:
The silver price has achieved strong gains this morning and managed to touch our first main awaited target at 18.00 as it has attempted to breach it and settled around it now.
Mohamed Samy
Technical analysis
2016-06-24
245
visited:
As long as the NZD/USD pair keeps trading above 0.6860, further bullish advancement should be expected towards the price zone around 0.7200 (the upper limit of the depicted channel). Price action should be watched around the price zone of 0.7150 - 0.7200 (upper limit of the depicted channel) for a valid SELL entry if significant signs of bearish rejection are expressed. On the other hand, the price zone between 0.6760 - 0.6860 constitutes a significant support zone to offer bullish rejection and a valid BUY entry if bearish pullback persists below 0.7000.
Mohamed Samy
Technical analysis
2016-06-24
197
visited:
Bearish persistence below 1.3000-1.2970 (61.8% Fibonacci level) was needed to enhance bearish momentum in the market. However, recent signs of bullish recovery were manifested around the price level of 1.2650 on June 9. The current bullish pullback towards the price level of 1.3000-1.3070 (61.8% Fibonacci level) should be considered for another SELL entry. S/L should be placed above 1.3150. Initial T/P levels should be located at 1.2820 and 1.2710.
Michael Becker
Technical analysis
2016-06-24
179
visited:
The long-term outlook for the EUR/USD pair remains bearish according to the monthly chart. However, the price zone of 1.1000-1.0950 (previous consolidation range) constitutes a significant demand zone to offer a short-term BUY entry. T/P levels will be located at 1.1110, 1.1180 and 1.1220 while S/L should be located below 1.0890. On the other hand, bearish fixation below 1.1000 allows a quick bearish decline towards 1.0820 to occur.
Michael Becker
Technical analysis
2016-06-24
199
visited:
Bullish fixation above 1.4670 allowed further bullish advancement initially towards 1.4950 (weekly supply) where significant bearish rejection was expressed. Currently, the price zone between 1.3845 and 1.3550 (historical bottoms in January 2009) constitutes a significant demand zone to be watched for a valid buy entry. On the other hand, bearish persistence below the demand level at 1.3550 allows further bearish decline towards 1.3050 (bearish projection target).
Petar Jacimovic
Technical analysis
2016-06-24
306
visited:
Strong upward pressure on the market, I found falling wedge formation (bullish). So, watch for buying opportunities on the dips. First, take profit level is set at the price of $1,357.50.
Petar Jacimovic
Technical analysis
2016-06-24
210
visited:
Sideways market at the price of 1.5700. Anyway, the trend is downward. So, watch for selling opportunities on the pullbacks. First take profit level is set at the price of 1.5500.
Mourad El Keddani
Technical analysis
2016-06-24
208
visited:
The NZD/USD pair continues to move downwards from the level of 0.7273. Yesterday, the pair dropped from the level of 0.7273 to the bottom around 0.6977. But the pair has rebounded from the bottom of 0.6977 to close at 0.7066. Today, the first resistance level is seen at 0.7130, the price is moving in a bearish channel now. Furthermore, the price has been set below the strong resistance at the level of 0.7130.
Mourad El Keddani
Technical analysis
2016-06-24
240
visited:
Yesterday the market saw a lot of volatility because of the UK vote. Therefore, the USD/CHF pair continues to move upwards from the level of 0.9863. Yesterday, the pair rose from the level of 0.9521 to a top around 0.9789. Currently price is seen at the level of 0.9739. Today, the first resistance level is seen at 0.9789 followed by 0.9855, while daily support 1 is seen at 0.9686 (38.2% Fibonacci retracement).
Torben Melsted
Wave analysis
2016-06-24
265
visited:
We have seen the expected decline to 1.5604 (the low has been seen at 1.5545), which has completed wave (i), and we are now looking for a corrective rally in wave (ii) towards 1.6005 and maybe even closer to 1.6115 before this correction comes to an end. A new impulsive decline in wave (iii) lower towards 1.4702 is expected.
Torben Melsted
Wave analysis
2016-06-24
250
visited:
The UK voted itself out of the EU, and risk aversion favored the USD and especially the JPY. We will not say that this was a black swan, but the excessive moves in the JPY certainly weren't a natural outcome from the Brexit. The strong decline below 115.46 calls for more downside pressure towards the 104.16 - 106.03 area before the long-term correction from 149.56 finally comes to an end. In the short term, we will be looking for resistance at 115.46. If this resistance breaks, the next resistance will be seen at 117.35 before the price moves lower again.
Alexandros Yfantis
Technical analysis
2016-06-24
308
visited:
The dollar strengthened yesterday because of the result in the UK referendum. The result pushed traders to buy the Dollar against major currencies like the Pound and Euro. The only Dollar pair that weakened was relative to JPY.
Alexandros Yfantis
Technical analysis
2016-06-24
381
visited:
Gold price broken to new highs after the results of the UK's EU referendum. As I mentioned yesterday, the technical view on Gold was that a bounce should follow at least towards $1,280, and there were also many chances that the entire decline was over at the $1,250-60 area.
Azeez Mustapha
Technical analysis
2016-06-24
246
visited:
GBP/USD has gone upward by over 450 pips this week. As of Thursday, the market was in a bullish mode, but the movement today would be determined by the results of Brexit/Bremain votes. Bremain would enable the GBP/USD to go upwards by at least 300 pips today and next week. Brexit would cause strong panic selling across GBP pairs, not the GBP/USD only.
Sebastian Seliga
Fundamental analysis
2016-06-24
186
visited:
A mixed bag of data regarding the Eurozone flash PMI's was released yesterday. For the whole EU, only the Manufacturing PMI has beaten the expectations raising to 52.6 points, a 1.1 point more than the previous month's reading and 1.2 points more than the expected number.
Sebastian Seliga
Fundamental analysis
2016-06-24
212
visited:
In this historic day, it looks like the United Kingdom has voted to leave the European Union after being the member since 1973. The non-official poll results based on data from areas that have already reported are: Remain camp 48.5%, Leave camp 51.5% after 184 regions out of 398 have been counted. This result might change a little over the next few hours, but it is almost certain the UK will not be an EU member anymore.
Sebastian Seliga
Wave analysis
2016-06-24
247
visited:
The bullish count has been invalidated after the first non-official UK referendum results, so now let's take a look at the higher time frames to determine the most probable further outlook for this market. Since the top at 141.05, the market has been moving down in a corrective manner indicating a possible wave C of the overall corrective structure in wave 2. Currently, the level of 109.50 has been reached in a form of a spike down, but even this level might not be the end of the wave C. Nevertheless, the wave C is close to completion, and the uptrend should resume immediately after this corrective structure is done.
Sebastian Seliga
Wave analysis
2016-06-24
216
visited:
The sharp move upward looks like the wave 3 beginning, so the intraday resistance at the level of 1.3085 will likely be broken rather soon. The next important resistance is at the level of 1.3188, and it surely will be the next target for bulls if the level of 1.3085 gets violated.
Arief Makmur
Technical analysis
2016-06-24
208
visited:
EUR/USD will move with medium volatility during this day.
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