USD/JPY: remains a chance of significant correction
This week, the pair USD/JPY had repeatedly tested important resistance level of 120.30, but failed to break it down. At the beginning of this week the pair regained after last Friday’s decline. However, on Wednesday the announcement by the Bank of Japan, that monetary policy would remain unchanged, has caused short-term correction. Investors had expected that new incentive measures would be… Continue
Added by AlexanderLF on April 9, 2015 at 5:06pm —
GBP/USD: Pound can reach five-year lows
After reaching the key resistance level of 1.4990, the pair GBP/USD sharply went down, breaking down important support levels of 1.4800, 1.4750 and 1.4700. Such rapid decline in the pair was primarily caused by strengthening in the USD after the release of the minutes of the US Federal Reserve. The majority of the American regulator voted for the increase in interest rates this June. In addition, main… Continue
Added by AlexanderLF on April 10, 2015 at 3:30pm —
Forex: Ichimoku Clouds. Review of NZD/USD
Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both lines are directed steeply up. Chinkou Span line is above the price chart; current cloud has reversed from descending to ascending. The pair has broken through the cloud and is trying to consolidate above its upper border (0.7543). The next obstacle for the price on its way up will be one of the previous minimums of Chinkou Span line… Continue
Added by AlexanderLF on April 8, 2015 at 2:28pm —
Hedge fund assets have really started to grow in recent years. While this shouldn't be viewed as an endorsement of any specific investment product, it might speak volumes about the health of the industry. A recent report stated that the industry's total managed assets are over $3 trillion, and investors added around $13 billion of new capital in February 2015 alone.
Analysts feel that 2014 was something of a bad year, but the industry itself looks quite healthy all things…
Added by yuval on April 1, 2015 at 1:24pm —
EUR/USD: the euro rallies on investors' interest
Last week, Germany published strong data on key indexes that supported the European currency, and EUR/USD reached the key resistance level and local high at 1.1000. At the end of the last trading week, the American currency re-appreciated against the Euro against a backdrop of positive statistics for US labour market and weak data on the eurozone's loan sector.
The pair is slowly falling… Continue
Added by AlexanderLF on March 30, 2015 at 3:22pm —
Added by yuval on April 1, 2015 at 12:53pm —
Monday saw the euro quickly give up on the gains it initially made against the dollar as worry over the unfolding financial crisis in Greece crept into the markets.
On Sunday, the Greek Prime Minister Alexis Tsipras said that he would push ahead with the promises he’d made prior to the election, insisting that he would attempt to reverse the austerity measures placed by previous agreements with the ECB, and also reject the… Continue
Added by yuval on February 24, 2015 at 1:03am —
GBP/USD: technical analysis
The previous week was quite volatile for the GBP/USD that traded in a range of 1.5340-1.5465. On Wednesday, following the publication of data on the UK labour market, the pound managed to rise to a resistance level of 1.5465, but did not break it down. On Friday, the British currency lost points against a backdrop of negative data on retail sales. The trading session closed below 1.5400.
The pair dropped at the… Continue
Added by AlexanderLF on February 23, 2015 at 4:50pm —
EUR/USD: general review
Yesterday there was downward dynamics in Euro trading and the pair dropped to a level of 1.1356. The euro goes on declining today. The main factor hanging over the single European currency remains the Greek issue. The Greek government asked to extend the loan agreement on Thursday. However, the German minister Wolfgang Schäuble's opinion is that this suggestion is not constructive and won't help. The day before, the European… Continue
Added by AlexanderLF on February 20, 2015 at 4:08pm —
Forex: Ichimoku Clouds. Review of XAU/USD
Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, they are both horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. The pair has broken through Tenkan-sen and Kijun-sen lines, the latter becomes a support level (1216.88). The next obstacle for the price on its way up will be the lower border of the cloud (1227.81).…
Added by AlexanderLF on February 19, 2015 at 4:44pm —
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What Is… Continue
Added by yuval on January 13, 2015 at 12:23am —
Forex: Ichimoku Clouds. Review of EUR/USD
Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, they are both horizontal. Chinkou Span line is below the price chart; current cloud is descending. Despite the correction, the pair wasn’t able to break through the resistance level of Kijun-sen (1.1861). One of the previous minimums of Chinkou Span line is expected to be a support level (1.1745).
Added by AlexanderLF on January 12, 2015 at 4:19pm —
GBP/USD: general analysis
On Tuesday the pair GBP/USD has slightly grown due to technical correction. However, the USD is still supported by the data on the US GDP, which has grown by 5% versus expectations of 4.3%. Volatility is not expected to be high this week; however, the data on business activity in the manufacturing sector of the UK, which is scheduled for the release on Friday, can trigger the rise in the British currency.
Added by AlexanderLF on December 31, 2014 at 12:10pm —
Little spike to the upside earlier today in EUR/USD, but i still favour my count that suggest that there's still a little more dollar strength to come. If the bottom has reached for EUR/USD, i would need to see clear 5 waves up in 4H chart before calling this the bottom. 1.208 looks tempting and i will look EUR/USD to reach that mark.
At 1.208 wave 5 would be 1.618 (important Elliott Wave relationship) times wave 1 and this would be likely target for the end of larger wave… Continue
Added by VIVAICO on December 30, 2014 at 6:51pm —
GBP/USD: the pair will continue to trade in the downward channel
There is the lull in the market during New Year holidays. Due to lack of the macro-economic news, the pair GBP/USD is under influence of the trading sentiments. It is worth noting that despite the fact that the USD is significantly overbought, the demand on the American currency remains high. On Monday the pair slowly went down to the level of 1.5500; nevertheless this morning the… Continue
Added by AlexanderLF on December 30, 2014 at 1:52pm —
Not yet on my opinion. I think there's still a bit more to go before this half year downtrend has exhausted.
EUR/USD moving sideways today with healthy volatility. I think this is now wave 4 before final downward push to maybe 1.208. At about 1.208 wave 5 would be 1.618 x wave 1.
This would then conclude larger 5 waves down from 1.3993 (june high) and would mark the start of larger corrective move. This correction should find support around 1.30.
More analysis free of… Continue
Added by VIVAICO on December 29, 2014 at 6:31pm —
EUR/USD: general analysis
European currency is traded near important resistance level of 1.2435, which is also a moving average with the period 200. If Euro fails to consolidate above this level, the pair can reach the level of 1.2350. Euro is under pressure from the decision of the rating agency Fitch to downgrade rating of France by two notches up to the level of AA.
The decline in rating was caused by the actions of French Cabinet of… Continue
Added by AlexanderLF on December 15, 2014 at 4:07pm —
GBP/USD: the pair is trading in the upward channel
This week, the currency pair GBP/USD is traded in the upward channel. On Thursday it reached two-week highs at the level of 1.5756; however, in the afternoon after the announcement of the results of the second phase of European LTRO, the quotes dropped to 1.5650. At the moment the pair has corrected upwards despite the decline in production output in British construction sector by… Continue
Added by AlexanderLF on December 12, 2014 at 4:21pm —
USD/JPY: the pair's correcting today
Today, the USD/JPY is correcting after the decline at the beginning of the week. Negative data from Japan catalysed the price growth. In October, mechanical engineering production dropped by 4,9% at an annual rate and by 6,4% at a monthly rate, respectively, which led to the growth of quotes to the level of 118.80. The growth may continue up to the level of 119.50 (the middle line of the Bollinger bands… Continue
Added by AlexanderLF on December 11, 2014 at 4:10pm —
Forex: Ichimoku Clouds. Review of EUR/USD
Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below under the cloud, forming trend reversal pattern. Chinkou Span line is below the price chart; current Kumo-cloud is descending. With the help of the Bullish impetus the pair has entered the cloud, upper border of which becomes resistance level (1.2416). Tenkan-sen line (1.2369) is the closest support level.…
Added by AlexanderLF on December 10, 2014 at 4:39pm —