April 17, 2014
The gold is remaining consolidate for the last two days in a 4 Hourly chart, just above the 1295 support level. Since it has touched the highest resistance level of 1330 on Monday, it has gradually bounced back with the lowest of 1293 level this morning. MACD crossed blow 0.00 lines, and RSI is remaining… View Article
April 17, 2014
Good Morning, I was looking out for news on the Japanese economy from Kuroda last night, as I posted yesterday, but nothing new came out. Dovish rumours have boosted the Nikkei and apparentlyand only alledgedly there was some heavy institutional selling on the USDJPY which pushed it back down under 102. The USD was generally… View Article
April 16, 2014
As the UK data in general continues to improve, the market appears to be pricing in rate hikes despite the Bank of England attempting to talk down any hints of a rate hike. With this in mind we are now eyeing some upside targets for GBPUSD, despite us seeing 3 failed attempts to break 1.6820… View Article
April 16, 2014
TRY continues to strengthen against GBP and USD after the recent negative comments from the IMF, Moody’s and Fitch on the the economic growth forecast for Turkey. There has also bee positive data from the UK, US & Euro zone area which has caused the TRY to weaken. After the UK inflation data released this morning,… View Article
April 16, 2014
TRY continues to strengthen against GBP and USD after the recent negative comments from the IMF, Moody’s and Fitch on the economic growth forecast for Turkey. There has also bee positive data from the UK, US & Euro zone area which has caused the TRY to weaken. After the UK inflation data released this morning,… View Article
April 16, 2014
EURUSD – Weaker than expected German ZEW aided EUR lower yesterday morning as we broke through 1.3800. However and we failed to break substantially lower and now find ourselves up at 1.3840. Overall, EUR continues to trade in a very tight range this week. On the day first support will be at 1.3800 followed by 1.3740/50… View Article
April 16, 2014
The gold is now moving downwards in a 4 Hourly chart, remaining as below as 1293 support level. Since it has touched the highest resistance level of 1330 on Monday, it has gradually bounced back with the lowest of 1293 level this morning. MACD crossed below 0.00 lone, and RSI is just above 30 levels… View Article
April 16, 2014
With the recent rise in EUR/JPY, taking into consideration that on the H4, it has formed a range between 143.779 and 139.954, it is due to retrace back to the 23.6 fib level at 141.406. The 55 EMA is hanging around just below this point ATM and by the time it falls back to the… View Article
April 16, 2014
The AUDNZD has broken the resistance area I posted yesterday and is pulling back strongly towards the previous highs. I am waiting for an entry at the broken shorter term trend line and the 55hma. The Aussie will benefit from a discernible risk-off sentiment but another trade that is looking good is a break south… View Article
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy
