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Brent: Fundamental Facts Caused the Rise in Oil Prices Technical analysis Fundamental factors of last week caused the rise in oil prices last week. Alternative scenario to proved to be correct. The price broke out resistance level of 41.10 and went further up 42.30 and 44...
Brent: The Trice of Oil Went Up Last Week Fundamental news of last week triggered correction in oil prices. Last Friday the prices continue to rise after the release of the data from Baker Hughes, which showed that the number of operating drilling rigs in the USA has dropped by 8 units to 354...
Analytical Review of the Currency Pair USD/CAD Technical data of the currency pair: Previous closing: 1.2979; Daily range: 1.2971-1.3014; Opening: 1.2986; 52- week range: 1.1916-1.4692; Annual revenue: +3.49%; Change in % for the previous day: -1.26...
USD/CAD to End 2016 at 1.30 - Lloyds Analysts from Lloyds Bank, expect the USD/CAD to rise toward 1.35, but then as crude oil recovers is forecast to end the year at 1.30. Key Quotes: “Similar to other commodity currencies, USD/CAD has been rangebound recently – trading between 1.28 and 1.33...
BoC Reliant on Weakness in CAD - ING Viraj Patel, FX Strategist at ING explained, in respect of the Bank of Canada (BoC) coming up this week, with the policy rate likely to remain on hold, front-loaded CAD weakness is even more crucial for a central bank deeply reliant on export-led growth...
A Rise in Protection Against Yen Strength - Scotiabank Analysts at Scotiabank explained that the JPY is soft following a short-lived break to a fresh cycle high driven by stronger than expected machine orders data...
It has been estimated that 90% of aspiring traders sends in smoke their money within the first year of operation. The question that arises is: why this happens? trading is so difficult that only a select few can be successful? The answer is NO...
THE PSYCHOLOGICAL FACTOR IN TRADING In the psychological aspect of Gann theory it is of great importance. The volatility and unpredictability of financial markets require nerves operators balances and continuous critical analysis of their actions...
After a few weeks in the industry, Joshua told his wife: ‘Even if it means we’re going to starve, I can’t do this job anymore’ Since The Times of Israel’s initial investigation into “The Wolves of Tel Aviv” — the appalling forex and binary options scam in Israel — we have been contacted by dozens...
8 price action secrets every trader should know about Price action is among the most popular trading concepts and a trader who knows how to use price action the right way can often improve his performance and his way of looking at charts significantly...
Divergences are one of my favorite trading concepts because they offer very reliable high-quality trading signals...
Pivot Points-Hourly Last Updated: Apr 11, 5:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.13253 1.13752 1.14075 1.14251 1.14574 1.1475 1.15249 USD/JPY 107.456 107.824 107.953 108.192 108.321 108.56 108.928 GBP/USD 1.41636 1.42124 1.42443 1.42612 1.42931 1.431 1.43588 USD/CHF 0.94292 0.94743 0...
USD/JPY RSI Divergence Urges Caution to Shorts Ahead of US Earnings Talking Points: - A heavy week of news awaits markets as US earnings season kicks off after the bell today: The good news is that expectations are really low, looking for a -9.8% drop to Q1 earnings year-over-year...
Use the Chimera indicator is became even more convenient: added the possibility of Alerts - the user can receive the alert or a notice on the phone on the overbought / oversold. Alert is generated when entering or exiting the zone of price and the price crosses the line 0...
GBP/JPY Trade Idea Major resistance – 154.80 (3 W EMA) Minor support -153.25 The pair has jumped till 154.22 on Friday and declined from that level. It is currently trading around 153.34. Short term trend is slightly weak as long as resistance 154.80 holds. Any break above 154...
US Stock Futures Rise, Investors Eye Alcoa Earnings US stock futures are trading on a positive note today as risk appetite strengthened in Europe, while investors await Alcoa results. At the time of writing, Dow futures were trading 64 points or 0.37% higher...
WTI Off Highs, Returns to $40.00 The barrel of the West Texas Intermediate (WTI) keeps its daily gains today, albeit it has retraced the earlier spike to levels above the $40.00 mark. WTI looks to regain the $40.00 handle Crude oil prices have bounced off last week’s lows in the $35...
GBP/USD Clings to Daily Gains The pound has been recovering ground against a softer greenback on Monday, with GBP/USD reaching 6-day highs at the 1.4250 area. The British currency is among the best performers of the day, posting decent gains versus the yen and the euro as well...
EUR Shorts Reduced, USD Longs Consolidating - Rabobank Jane Foley, Senior FX Strategist at Rabobank, lists down the IMM Net Speculators’ Positioning as at 05 April 2016. Key Quotes • “Despite the dovish position of the ECB, speculators have reduced their net EUR shorts for three consecutive weeks...
