Mourad El Keddani
Technical analysis
2016-07-25
56
visited:
The EUR/USD pair dropped from the level of 1.1033 to 1.0950, which coincides with a ratio of 38.2 % Fibonacci and the double bottom respectively on the H1 chart. Today, resistance is seen at the levels of 1.1033 and 1.1000. So, we expect the price to set below the strong resistance at the levels of 1.1033; because the price is in a bearish channel now. The EUR/USD pair will continue to move downwards from the areas of 1.1033 in coming hours.
Mourad El Keddani
Technical analysis
2016-07-25
154
visited:
The GBP/USD pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still trading between the levels of 1.3090 and 1.3239. Also, the daily resistance and support are seen at the levels of 1.3239 and 1.3090 respectively. Therefore, it is recommended to be cautious while placing orders in this area.
Sebastian Seliga
Fundamental analysis
2016-07-25
220
visited:
The British PMI Manufacturing data were revealed last week and they add more bad news for a post-Brexit Britain...
Sebastian Seliga
Fundamental analysis
2016-07-25
165
visited:
The Institute for Economic Research has released German Ifo Business Climate data regarding the sentiment towards German and wider Eurozone economic conditions.
Sebastian Seliga
Wave analysis
2016-07-25
285
visited:
The current Elliott wave count was slightly changed to incorporate the latest developing. Currently, there are some indications that the top for the wave (b) might be in place and market should move lower in order to complete the wave (c). Nevertheless, as long as the golden trend line is now clearly violated and the intraday support at the level of 1.3056 is still providing support for bulls, the market might still be making another marginal highs.
Azeez Mustapha
Technical analysis
2016-07-25
168
visited:
The Cable traded sideways last week, did not go neither above the distribution territory at 1.3400 nor below the accumulation territory at 1.2950. This caused the bias to become neutral in the near-term. But there could be a breakout this week or next, which would push the price above or below the aforementioned accumulation and distribution territories.
Sebastian Seliga
Wave analysis
2016-07-25
210
visited:
The top for the wave b was established at the level of 118.38 and now another sub-wave down is being developed in order to complete the wave b green correction. Currently, the market trades in congestion zone that looks like a triangle pattern and a break out down towards the intraday support at the level of 115.48 is being anticipated.
Harsh Japee
Technical analysis
2016-07-25
127
visited:
Silver is seen to be trading higher at $19.45 levels for now, after bottoming out around $19.35 levels during early trading hours today. The metal should be looking to rally from here towards at least $20.40/50 levels as depicted on hourly chart.
Alexandros Yfantis
Technical analysis
2016-07-25
258
visited:
The Dollar index remains in a bullish short-term trend with higher highs and higher lows and could soon confirm the breakout above 96.70 by breaking above 97.70 and confirming the bullish trend towards new highs.
Alexandros Yfantis
Technical analysis
2016-07-25
189
visited:
Gold remains in a short-term bearish trend after topping at $1,375 on July 11th. Since then, the price is steadily moving lower in what seems to be a large-degree correction with the initial target at the $1,300 level. The area of $1,280-$1,300 should provide a bounce that will clarify if we continue heading to new highs or move towards $1,250-$1,200.
Dean Leo
Technical analysis
2016-07-25
171
visited:
The price has dropped well from 0.7015 previously. If you had taken positions at this level, continue to add onto your position for a further drop to 0.6920/0.6950. Stop loss remains at 0.7040. We can see how the 0.7015 is a very strong resistance level as the price keeps failing to strongly surpass it. The RSI remains below our 81% resistance line, keeping our bearish view.
Dean Leo
Technical analysis
2016-07-25
120
visited:
AUD/NZD bounced right above our stop loss at 1.0655 and is rising towards our target. This is the updated view; as we can see the first resistance would be at 1.0755 before our target of 1.0800. We keep our stop loss at 1.0655 as it remains the fractal support (fibonacci retracement + graphical overlap), and we can see how the RSI has bounced off really well on our ascending support line.
Torben Melsted
Wave analysis
2016-07-25
170
visited:
As the correction from 1.5837 has become deeper than expected, we have concluded wave i at 1.5837, and a correction in wave ii is currently unfolding. The first target to look for is the low [iv] at 1.5530. Once this target has been tested, the correction can terminate and a new impulsive rally towards at least 1.6381 and likely higher towards 1.6917 will be expected.
Torben Melsted
Wave analysis
2016-07-25
155
visited:
As long as minor resistance at 117.27 is able to protect the upside, we will be looking for a deeper correction in wave [ii] closer to 115.41 before the next impulsive rally towards minimum 120.47 is expected. Short term, a break below minor support at 117.30 will confirm the corrective decline towards 115.41, and once this correction in wave [ii] is complete, a new impulsive rally is expected towards at least 120.47.
Harsh Japee
Technical analysis
2016-07-25
180
visited:
Gold is seen to be trading at $1,317.00/18.00 levels at this moment, after having hit lows at $1,313.00 during early trading hours today. Please note that the metal might still unfold a countertrend rally towards $1,350.00/60.00 levels going forward.
Arief Makmur
Technical analysis
2016-07-25
174
visited:
The EUR/USD will move with low to medium volatility during this day.
Arief Makmur
Technical analysis
2016-07-25
106
visited:
There is a probability the USD/JPY will move with low to medium volatility during this day.
Felipe Erazo
Technical analysis
2016-07-24
124
visited:
The index is looking to perform a consolidation above the support level of 97.27, and we can expect further rallies towards the 97.74 level.
Felipe Erazo
Technical analysis
2016-07-24
88
visited:
GBP/USD continues to struggle with the support zone of 1.3076, after a huge decline it had during Friday's session. Currently, the pair is doing a consolidation below the 200 SMA on the H1 chart.
Hossam Soliman Ali
Fundamental analysis
2016-07-22
510
visited:
The EURJPY pair repeated fluctuations between the initial support 116.80 and 118.50 resistance yesterday as fading bullish momentum causes the current swings. Stochastic settles around 50 levels as shown on the chart.
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