CRUDE OIL: The pair continues to hold on to its broader upside pressure medium term leaving risk higher in the new week. On the downside, support resides at the 47.00 level where a break will expose the 46.00 level. A cut through here will set the stage for a run at the 45.00 level...
Dow Theory theorem One of the theorems of Dow Theory is that the ideal market picture consists of an uptrend, top, downtrend, and bottom, interspersed with retracement and consolidations. A second theorem of Dow Theory is that economic rationale should be used to explain stock market action...
Who is Charles Dow? "Charles H. Dow was the founder of the Dow-Jones financial news service in New York, and founder and first editor of the Wall Street Journal. He died in December, 1902, in his fifty-second year...
Top Three Themes for Global Markets as We Approach Q4 Talking Points: - The close of business today marks the end of Q3; and 75% of the way through the year we’ve already seen some very interesting themes develop. Below we look at three of the most pertinent themes as we turn the page into Q4...
W1 price was on breakout with the bullish reversal: the price broke Ichimoku cloud to above to be reversed from the primary bearish to the primary bullish market condition...
EURUSD: The pair remains weak and vulnerable to the downside selling off on Friday and leaving risk lower towards the 1.1100 zone. Support lies at the 1.1050 level. Further down, support lies at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will aim at the 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, September 30th EUR/USD Current price: 1.1186 (-0.3%) Session range: Open 1.1221 High 1.1227 Low 1.1168...
Trading recommendations Buy Stop 18215. Stop-Loss 18150. Take-Profit 18290, 18405, 18600, 18620 Sell Stop 18120. Stop-Loss 18190. Take-Profit 18015, 17920, 17885, 17700, 17490, 17380, 17150 Technical analysis Record growth observed since the beginning of July stopped in mid-August...
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Everyday within 7:00 am (gmt+2), according to some volatility and direction parameters analyzed on the world's majors USD , EUR , GBP , JPY , during the recent financial market sessions of Sidney, Tokyo, London and New York, I purpose my advise on the likely scenario, taking advantage of correlat...
GBPUSD: The pair continues to threaten further downside pressure after losing upside momentum on Thursday. On the downside, support lies at the 1.2900 level where a break will turn attention to the 1.2850 level. Further down, support lies at the 1.2800 level...
GOLD: The commodity looks to extend its weakness following its two-day corrective weakness. On the downside, support comes in at the 1,310.00 level where a break will turn attention to the 1,300.00 level. Further down, a cut through here will open the door for a move lower towards the 1,290...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, September 29th USD/CAD Current price: 1.3086 (0.1%) Session range: Open 1.3079 High 1.3104 Low 1.3048...
Trading recommendations Sell in the market. Stop-Loss 0.7710. Take-Profit 0.7595, 0.7530, 0.7490, 0.7445, 0.7325, 0.7290, 0.7200 Buy Stop 0.7710. Stop-Loss 0.7670. Take-Profit 0.7730, 0.7800, 0.7820, 0...
First, the flow picture is a greater drag on the Aussie than the kiwi. Net bond inflows to Australia have turned negative sooner and at wider yield spreads to USTs than we predicted in the May Blueprint...
Oil is forming a premature Inverted Head and Shoulders pattern. If it break up the peak at [2] then it will be ready for an upside move. If it break down the trough at [3] then may complete its descending trend or it may enter in a new side-way direction...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, September 28th EUR/USD Current price: 1.1219 (0.0%) Session range: Open 1.1215 High 1.1224 Low 1.1181...
A lot of traders out there should know what Ichimoku Kinko Hyo is, so I'm not gonna explain that. Instead, I'm just gonna go ahead and try and build this EA and backtest it. But my challenge at the moment would be to put the 5 known strategies of using IKH into one single EA...
Pivot Points Daily Last Updated: Sep 27, 2:30 pm PDT Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11334 1.11917 1.12217 1.125 1.128 1.13083 1.13666 USD/JPY 98.879 99.709 100.008 100.539 100.838 101.369 102.199 GBP/USD 1.28163 1.2887 1.29296 1.29577 1.30003 1.30284 1.30991 USD/CHF 0.95901 0.9638 0.96637 0...
