Hossam Soliman Ali
Fundamental analysis
2016-07-29
440
visited:
Gold price is testing the EMA50, remaining stable above it, while stochastic begins to provide positive signals on the four hours time frame...
Hossam Soliman Ali
Technical analysis
2016-07-29
325
visited:
The GBPJPY price repeated its attempts to test the main support located at 135.50 keeping positive stability.
Hossam Soliman Ali
Technical analysis
2016-07-29
264
visited:
The gold price settles above the EMA50 and above the bullish trend line keeping the bullish trend active for the upcoming period.
Hossam Soliman Ali
Technical analysis
2016-07-29
209
visited:
The silver price showed some slight negative trades this morning testing the EMA50. Stochastic managed to gain positive momentum on intraday time frames.
Mohamed Samy
Technical analysis
2016-07-29
356
visited:
Daily fixation above 1.2980 (61.8% Fibonacci level) allows a quick bullish movement towards 1.3300 (50% Fibonacci Level) where price action should be watched for significant bearish rejection and a valid SELL entry. On the other hand, daily fixation below 1.3000 is needed to allow further bearish decline.
Mohamed Samy
Technical analysis
2016-07-29
221
visited:
As anticipated, the price zone of 0.7150 - 0.7200 (upper limit of the depicted channel) offered a profitable SELL trade. T/P levels should be located at 0.6970, 0.6900, and 0.6850. S/L should be lowered to 0.7100. On the other hand, the price zone between 0.6760 - 0.6860 constitutes a significant support zone to offer a bullish rejection and a valid BUY entry if the current bearish swing extends below 0.7000.
Petar Jacimovic
Technical analysis
2016-07-29
220
visited:
Sideways market at the price of 1.5600. Watch for a breakout of the trading range to confirm further direction.
Michael Becker
Technical analysis
2016-07-29
240
visited:
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. On the other hand, bearish persistence below the demand level at 1.3550 enhances the bearish scenario. A bearish decline should be expected towards 1.2700 (nearest bearish projection target) where price action should be watched for a possible short-term BUY entry.
Michael Becker
Technical analysis
2016-07-29
171
visited:
Recent bearish rejection was expected around the current price levels (see the monthly candlesticks of May and June). In the longer term, the level of 0.9450 will remain a projected bearish target if the current monthly candlestick closes 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 the medium-term (low probability).
Sebastian Seliga
Fundamental analysis
2016-07-29
149
visited:
The bunch of data from Eurozone this morning had revealed that the Eurozone flash Gross Domestic Product for the second quarter was in line with the expectations as it was released at the level of 0.3%q/q and 1.6%y/y. The unemployment rate for the Eurozone is steady as well at the level of 10.1% with record low German unemployment rate at the level of 6.1%. The Consumer Price Index (CPI) had edged slightly higher from 0.1% a month ago to 0.2% for the reported month. In conclusion, the relatively good data did not wipe out the uncertainty ahead of the Brexit referendum and the unresolved Euro crisis, especially relating to banks, Greece and elections in Spain.
Petar Jacimovic
Technical analysis
2016-07-29
156
visited:
Support at the price of $1,333.00 is on the test. Be careful when selling Gold at this stage and watch for buying opportunities. Upward take profit level is set at the price of $1,348.90.
Sebastian Seliga
Fundamental analysis
2016-07-29
136
visited:
The Bank of Japan had decided to leave the interest rate unchanged at the level of -0.1% just as expected. Moreover, the annual rise in the monetary base had been left at the level of 80T yens, just as expected as well. In the monetary policy statement, BoJ governor Kuroda said the BoJ did not feel any pressure from Japanese government before the interest rate decision and any more easing will depend on the economic situation. Moreover, he mentioned that current policy steps and government fiscal stimulus are ready to provide synergy effects on economy and BoJ will continue QQE with negative interest rates as long as needed to meet price goal.
Sebastian Seliga
Wave analysis
2016-07-29
155
visited:
The wave b is still in progress and it might evolve into even more complex and time consuming structure. The 61% Fibo at the level of 116.93 is the most important level for bears as any break out higher will directly expose the recent swing top. Otherwise the correction in the wave b green might evolve into more complex and time-consuming.
Arief Makmur
Technical analysis
2016-07-29
174
visited:
In Asia, Japan will release the ...
Sebastian Seliga
Wave analysis
2016-07-29
177
visited:
The first wave down after the top at the top for the wave Y at the level of 1.3255 had been established is completed and now the market is in the corrective cycle. At this moment it is quite unclear whether the drop will be more impulsive or more corrective in nature, so patience is needed. Nevertheless, the weekly pivot at the level of 1.3090 is the key level to the downside. Any break out below this level will lead to the test of intraday support at the level of 1.3055.
Mourad El Keddani
Technical analysis
2016-07-29
275
visited:
The NZD/USD pair broke resistance which turned to strong support at the level of 0.7037 yesterday. The level of 0.7037 is expected to act as major support today. From this point, we expect the NZD/USD pair to continue moving in a bullish trend from the support levels of 0.7037 and 0.7134. Currently, the price is moving in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in the bullish trending market.
Mourad El Keddani
Technical analysis
2016-07-29
233
visited:
The USD/CHF pair continues to move downwards from the level of 0.9857. Yesterday, the pair dropped from the level of 0.9857 (this level of 0.9857 coincides with the ratio of 78.6% Fibonacci retracement levels in the H4 time frame) to the bottom around the spot of 0.9770. Today, the first resistance level is seen at 0.9800 followed by 0.9857, while daily support 1 is seen at 0.9735.
Ahsan Aslam
Technical analysis
2016-07-29
318
visited:
USD/JPY is under pressure. The pair has crossed below both 20- and 50-period (30-minute chart) moving averages and is trading around the lower Bollinger band, calling for an acceleration to the downside. At the same time, the relative strength index is badly directed within the selling area between 50 and 30, suggesting downward momentum for the pair. The intraday outlook is bearish and the pair is expected to sink further to 102.40 and 102.
Ahsan Aslam
Technical analysis
2016-07-29
210
visited:
USD/CHF is under pressure. The technical picture of USD/CHF is bearish. The pair has broken below its 20-period and 50-period moving averages and accelerated on the downside. The declining 20-period moving average has crossed below the 50-period one and is heading downward. The relative strength index is bearish now, having broken below its 30% level. The US stocks continued moving within the recent trading ranges and ended mixed. The benchmark 10-year US Treasury yield edged down to 1.511% from 1.516% on Wednesday. As long as 0.9925 holds on the upside, look for further drop toward 0.9760. A break below this level may call for further decline toward 0.9735. Only a break above 0.9825 will turn the outlook into positive with upside target at 0.9845 and even 0.9875.
Ahsan Aslam
Technical analysis
2016-07-29
172
visited:
NZD/USD is expected to continue its upward movement. The pair is bullish above its rising 20-period and 50-period moving averages, which act as support and maintain the upside bias. The relative strength index is above its neutrality level at 50 and lacks downward momentum. A support base has been formed around 0.7010, which should limit the downside potential. Another positive factor is that the pair has broken above the upper boundary of the Bollinger Band, which could signal a continuation of bullish trend. As long as 0.7010 is not broken, look for further rise toward 0.7125 and even 0.7155 in extension.
1234567..1542>>