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As of now, the price seems to be ranging to touch the price level of 1113 as a support. If the gold price show signs of going below this price level, would close the BUY order and wait for another trade signal to enter. Still believe that the prices are headed towards 1170 level...
After we've seen some EUR/USD quality on the foundation of the Chinese debasement, we could see a move in the other bearing. The group at BNP Paribas clarifies: Here is their perspective, obligingness : In a note to customers today, BNP Paribas examines the G10 FX effect of CNY degrading...
Tencent Holdings and Russian billionaire Yuri Milner to invest to Indian health information provider
Tencent Holdings Limited, one of the largest Internet companies, made USD90 million investment to Practo...
USD Index Looks For Support, EURUSD Near Resistance : Elliott Wave Analysis The Dollar Index is falling strongly this week, which we see as an incautious leg down from 98.40. Yet, in spite of the solid decrease we see the list in the last phases of a remedial move...
USDCAD: Trades Below Key Resistance, Retains Corrective Pullback Bias USDCAD: With the pair reversing its Tuesday gains to close lower on Wednesday, risk of a follow through lower is envisaged. Despite its present price hesitation downside threat remains while the pair holds below the 1...
Like many Forex traders, I started from knowing nothing about Forex. To something about it. There are many articles about Forex beginners out there, so this article doesn't really add to what has already been told. But it's just my personal journal that I would like to note down...
W1 price is located below 200-SMA and 100-SMA with bearish for ranging between Fibo resistance level at 1.1459 and Fibo support level at 1.0807: The price is ranging between ranging between 1.1459 and 1.0807 levels...
Current trend The Pound continues growing amid the weakening USD, which is under pressure after the market intervention by the People’s Bank of China aimed at the Yuan devaluation. The GBP/USD pair grows despite poor labor market statistics from the UK. Average Earnings in June grew by only 2...
FOMC member Bill Dudley told his review about the policy and CNY impact speaking to the Rochester Business Alliance, and BNP Paribas made some expectations and review based on his speechfor example: "We suspect he will stop well short of signalling support for September lift-off, which should sti...
Many news headlines said that move to devalue the Chinese yuan was a ‘surprise’, but one analyst said he was expecting it, and there will be more surprises in future. Gerald Celente, publisher of the Trends Journal, said he was completely unfazed by the China news...
Gold dropped below key support level at $1150 and for now we are looking at the next support target near $980. Historical support level for gold is $1180 which was broken as well and the price to continue falling towards the next support level at $980...
W1 price is located above 200-SMA and 100-SMA for the primary bullish with secondary ranging between Fibo resistance level at 125.85 and 23.6% Fibo support level at 119.93: The price is ranging between ranging Fibo resistance level at 125.85 and 23.6% Fibo support level at 119.93...
Markets around the world fell with stocks, the dollar and market currencies after yuan devaluation: Germany's 2-year yield fell to a new record low. Industrial commodities such as oil and copper fell. U.S...
This is the other interesting pair you can make money with, together with GBP/AUD, AUD/CAD and NZD/USD. W1 price is on primary bullish with ranging between the levels: 1.5329 resistance level located far above Ichimoku cloud in the primary bullish area of the chart, and 1...
EUR/USD Breaks Out-Targets to Watch Ahead of Greek Vote, 2Q GDP Arguments: - EUR/USD Risks Larger Relief Bounce Ahead of Greek Vote, 2Q GDP Report. - USD/CAD Fails to Preserve Bullish Momentum-Former Resistance Zones in Focus. - USDOLLAR Threatens Range Support-Retail Sales to Rebound in July...
New York Fed President Dudley Expresses Concerns on China, Labor Market Ideas: William Dudley says Chinese FX intercession to have "worldwide ramifications for the world economy" Dudley keeps up conviction Fed will raise transient interest rates sooner rather than later Nourished President says n...
AUD/USD Technical Analysis: 3-Month Trend Line Broken. Arguments: AUD/USD Technical Strategy: Flat Support: 0.7379, 0.7323, 0.7259 Resistance:0.7468, 0.7541, 0.7614...
USD/CAD: bullish with ranging started. The pair is on bullish market condition with the ranging to be started this week. The price is moved within the following key levels: 1...
When it come to finding proper support and resistance levels I found many years ago that Three Line Break is on of the best charts that could help me. The first chart here is the Dow Jones chart. as we can see there the price line is testing now its previous support level around 17200...
