Daily price is located above Ichimoku cloud in the bullish area of the chart: the price is on ranging within the following support/resistance levels: 1.3253 resistance level located in the bullish area of the chart, and 1...
Point [1] is the lowest low for 2016, while Point [2] is the Highest High until now. The pair is moving inside a Rising Wedge formation. Divergence with momentum oscillators like MACD show weakness in current up-trend...
METATRADER 4 VS 5 – WHICH ONE? I get asked this question a lot. So much that today I want to settle the scores once and for all in this monster review. Let’s get one thing out of the way straight up. Despite obvious sequencing in names, MetaTrader 5 is not the successor of MetaTrader 4...
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...
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...
EUR/JPY Responds to Long-term Slope Support into Close of Q3 EUR/JPY near-term slope identified off the lows Updatedtargets & invalidation levels End of quarter / Japan & Eurozone CPI numbers on tap EUR/JPY Daily...
Pivot Points Daily Last Updated: Sep 29, 3:00 pm PDT Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.11155 1.11685 1.11944 1.12215 1.12474 1.12745 1.13275 USD/JPY 98.782 99.971 100.489 101.16 101.678 102.349 103.538 GBP/USD 1.27841 1.2888 1.29269 1.29919 1.30308 1.30958 1.31997 USD/CHF 0.95058 0.95895 0...
Pivot Points Hourly Last Updated: Sep 29, 3:00 pm PDT Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.1205 1.12126 1.12164 1.12202 1.1224 1.12278 1.12354 USD/JPY 100.856 100.946 100.976 101.036 101.066 101.126 101.216 GBP/USD 1.29494 1.29577 1.29617 1.2966 1.297 1.29743 1.29826 USD/CHF 0.96487 0.9654 0...
MetaTrader 5 is not back compatible with MetaTrader 4 in many aspects. This is bad, but we can do nothing with this. Yet we can do something to simplify translation of MetaTrader 4 products into MetaTrader 5...
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...
