Tuesday: - Eurozone ZEW Economic Sentiment (Aug.). Forecast: 41.3, Previous 48.1 - German ZEW Economic Sentiment (Aug.). Forecast: 18.2, Previous: 27.1 Wednesday: - UK Claimant Count Change (July). Forecast: -29.7K, Previous -36.3K...
The often choppy summer months and the thick of earnings season are often a tough time for investors and traders. They struggle to decide whether to take any action before their stocks report earnings. Deciding when to sell is a difficult decision for most traders and investors...
Hello Everyone anyone knows when will the meta trader 4 or 5 will be developed for Windows phone 8.1 or 8, they must start developing new software that is suitable with windows phone 8 and above, thank you...
Fundamental Forecast for Yen: Bullish Bank of Japan disappoints, Japanese Yen relatively unchanged USDJPY posts largest move in four weeks The Japanese Yen rallied sharply a complete lack of market news. Why is this significant, and what does it tell us about the next moves for the USDJPY...
Fundamental Forecast for Dollar: Bullish The Dollar looks to be jostled by its larger counterparts until rate speculation recovers or risk trends accelerate A drop in Yields may be better viewed as a rally in Treasuries – Fed speculation versus haven demand The US Dollar advanced against most of...
For providers' convenience we have decided to cancel the mandatory test period for paid signals. This means that you can start selling your trading signals right now. Previously, providers had to endure one month of public monitoring...
German Economic Sentiment; UK employment data; Mark Carney’s speech and inflation report; US unemployment claims, PPI, consumer sentiment are the major topics in Forex calendar. Check out these events on our weekly outlook...
Fundamental Forecast for British Pound: Neutral All Eyes Are on the BOE Quarterly Inflation Report in the Week Ahead British Pound May Correct Higher Absent Major Dovish Rhetoric Shift The outlook for monetary policy continues to be the dominant driver of British Pound price action...
“Don’t forget about the line that extends off of the 1996 and 2007 highs. That line crosses through the 2008, 2011, and highs as well. In 2011 (record free float high), the rate surged through the line in late July before topping on August 1st...
“The combination of the .9400 figure and weekly RSI failing near 60 indicates a lot of overhead to punch through. Since the 2011 top, each RSI failure near 60 has led to a top or topping process (range for several weeks then a breakdown...that may be the case now).” The May low and 200 DMA at...
“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. 1.3750 is an important reference point (year open).” The break of 1.3476 completed a topping process with targets of 1.3294 (origin of diagonal), 1.3209 (2 equal legs), and 1.3012 (head and shoulders target...
Key Terms And Concepts When it comes to forex trading, there are some basic terms and concepts that should be understood: Exchange rate: Exchange rate is simply the price of one currency in terms of another's. There are two components, the domestic currency and the foreign currency...
A Double Bottom is formed when price tests a previous low and bounces. Buy orders can be placed just above previous low. Limit orders can be set at most recent swing high, stop set 33% of limit distance. One way to trade ranges, is to look for the Double Bottom chart pattern...
Estimated pivot point is at the level of 1.0880. Our opinion: Buy the pair from correction above the level of 1.0880 with the target of 1.10 – 1.1050. Alternative scenario: Breakout of the level of 1.0880 will allow the pair to continue the decline to the level of 1.08...
Estimated pivot point is at the level of 101.00. Our opinion: Buy the pair from correction above the level of 101.00 with the target of 104.10. Alternative scenario: Breakout of the level of 101.00 will allow the price to continue the decline to the level of 99.50...
Estimated pivot point is at the level of 0.9040. Our opinion: Buy the pair from the correction above the level of 0.9040 with the target of 0.9180 – 0.92. Alternative scenario: Breakout of the level of 0.9040 will enable the pair to continue the decline to the levels of 0.90 – 0.8950...
Estimated pivot point is at the level of 1.6890. Our opinion: In the short-term: sell the pair from correction below the level of 1.6890 6925 with the target of 1.6730. In the medium-term: wait for the completion of the fifth wave and in case of reversal, sell the pair with the target of 1.70...
Estimated pivot point is at the level of 1.3450. Our opinion: In the short-term: sell the pair from correction above the level of 1.3330 with the target o 1.3450. In the medium-term: sell the pair from correction below the level of 1.3450 with the target of 1.32...
Prices may be setting up for a pullback after rallying as expected having put in a Bullish Engulfing candle pattern. The emergence of negative RSI divergence below resistance at 10560, the 50% Fibonacci retracement, warns of ebbing upside momentum. A daily close below the 38...
