Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, May 31st The EUR/USD pair remains positive for the second consecutive session, having bounced off its half-year lows on Wednesday, located in the vicinity of 1.1500...
Chart: https://bi0l.blogspot.com/2018/05/gbpusd-intraday-forecast-technical-side_31.html (Side of bulls). For purchases on R2 broken, goals may be level (R3) with a development perspective up to (1.33700 / R1W1). (Bear side...
Chart: https://bi0l.blogspot.com/2018/05/eurusd-intraday-forecast-technical-side_31.html (Side of bulls). For purchases, under the condition of floating over (R1 broken / S1W1 / down H4 broken) and breakdown above ((down D1), goals may be equal (R2 / R3 / S3MN broken). (Bear side...
Chart: https://bi0l.blogspot.com/2018/05/usdchf-intraday-forecast-technical-side_31.html (Side of bulls). For items for purchase, subject to the formation of a turn from (S1 / down H1 broken). and / or the growth rate above (EMA24), targets may be equal (key resistance levels...
Chart: https://bi0l.blogspot.com/2018/05/usdjpy-intraday-forecast-technical-side_30.html (Bear side). For sales, if the formation of a turn from (down h4), the goals may be (S1 / S3 / S3). (Side of bulls...
USDJPY: The pair saw price recovery on Wednesday on Tuesday as it looks to weaken further. On the downside, support lies at the 108.50 level where a break if seen will aim at the 108.00 level. A cut through here will turn focus to the 107.50 level and possibly lower towards the 107.00 level...
Political instability in Italy and its possible consequences for the European economy forces investors to buy safe assets. Against this background, not only the euro is falling, but also the quotations of commodity currencies, as well as commodity prices, are falling...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, May 30th The EUR/USD pair recovered some pips in Asia after its retreat to 10-month lows, backed by increasing political jitters in Italy...
29.05.2018 USDJPY (109.06): The USDJPY currency pair was seen extending the declines earlier today with prices briefly testing lows of 108.91 before pulling back. A further retest of this support level is expected. A rebound off the support at 108...
Many trading strategies are based on well known and popular renko charts. MetaTrader 5 does not provide renko out of the box, so traders need to utilize the platform's MQL API. The simpliest solution would be a renko indicator...
On Sunday, Italian President Sergio Mattarella blocked the formation of a Eurosceptic government. On Monday, representatives of European countries expressed concern about the unstable political situation in Italy, which could provoke a new centrifugal crisis in the Eurozone...
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Chart:https://bi0l.blogspot.com/2018/05/usdjpy-intraday-forecast-technical-side_28.html (Bear side). For sales, if S2 is broken, the targets may be (S3) with the breakdown down to (EMA522 / down h1 broken). (Side of bulls...
Chart: https://bi0l.blogspot.com/2018/05/usdjpy-weekly-forecast-technical-side_28.html (Bear side). For saved sales positions under the breakdown condition below (S1W1) targets may be equal (S2W1 / S3W1). To reduce risk, new positions should be better planned if the turn is formed from (down H4...
Chart:https://bi0l.blogspot.com/2018/05/usdchf-weekly-forecast-technical-side_28.html (Bear side). For items for sale, with the condition of forming a reversal from (key resistance levels / R1W1 / R2W1. Down H4), the targets are (S1W1 / up D1 / S2W1), with the breakdown option to (S3W1...
Volatility is a very important parameter for a quant. But I don't see many volatility based indicators being used by traders. There are invisible levels on the charts where price takes a turn. We cannot see those invisible levels but quants using their quantitative models can see them...
Chart: https://bi0l.blogspot.com/2018/05/gbpusd-weekly-forecast-technical-side_28.html (Side of bulls). For purchases under the condition of the turn of the wind (S1W1) and / or breakdown above (down D1), the target levels may be (key resistance levels / R1W1 / R2W1 / R3W1). (Bear side...
Chart: https://bi0l.blogspot.com/2018/05/eurusd-weekly-forecast-technical-side_28.html (Bear side). For saved sales positions, under the condition of breakdown below (S1W1), targets may be (S2W1) breakdown option up to (S3W1...
On Wednesday, May 30, the Bank of Canada will be deciding on the interest rate. After the Bank of Canada left the rate at the previous level of 1.25% in April, the Canadian dollar declined...
