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Short-term increase. (By Yann Quelenn) • USD/JPY keeps on pushing higher. The pair has strongly bounced back. Hourly resistance is given at 112.70 (30/11/2017 high...
Strong buying demand. (By Yann Quelenn) • GBP/USD has been trading lower over the past few days but the technical structure indicates an extension of bullish momentum. Support is given...
Program Development Life Cycle W hen we want to develop a program using any programming language, we follow a sequence of steps. These steps are called phases in program development...
Ready to bounce back. (By Yann Quelenn) • EUR/USD's bullish momentum continues. Hourly resistance is now given at 1.1961 (27/11/2017 high). Hourly support is given at...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, December 4th The EUR/USD pair remains under bearish pressure, as optimism around the greenback dominates the market on Monday...
Last week in Vienna, OPEC, Russia and a number of other major oil-producing countries agreed to further reduce oil production by about 1.8 million barrels a day, or about 2% of global oil production. The deal was extended until the end of 2018...
What is the indicator Color Trend FX? What is it for? Is it so simple? In fact, it is a very useful tool for trading. Today I will tell you how to use it correctly...
EURUSD: The pair faces further upside as it looks for more strength. Resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the 1.2100 level...
The US labor market report next Friday should have lesser importance for once. Given how solid US economic data has been of late, a Federal Reserve rate hike in December seems highly likely and is almost fully priced by markets...
For economists, the end of the year is often a gentle wind-down. This is not the case in 2017. The dullest event is the US Federal Reserve meeting (December 13). The Fed has basically told markets that there will be a 0.25 percent rate increase. Markets, for once, have listened...
We make up a weekly medium-term trade list based on CFTC reports and technical analysis...
What’s inside: EUR/USD thoroughly tested the November trend-line, and so far with success This trend threshold holds the key to our near-term outlook Stay above support and a challenge of top-side levels looks likely in days ahead; drop below and the tune changes Heading into last week we were op...
Which on the face of it is pretty dramatic. A $900 million flow out of an ETF, even one as boring as the SPDR Bloomberg Barclays 1-3 Month T-bill ETF ($BIL), is worth noting. Here’s the problem. $BIL experienced a reverse 1:2 split which affected this calculation...
First, a review of last week’s forecast: - As practice shows, if at least 25-30% of oscillators signal that a pair is oversold or overbought, one should expect a correction. This is what happened last week with the EUR/USD...
01.12.2017 XAUUSD XAUUSD (1274.98): Gold prices failed near to hold near the support level of 1285. As a result, price action fell sharply back to the previous support level near 1274.70 region. We expect that this support level will hold in the near term...
USDCHF: The pair backed off higher prices on Thursday leaving risk to the downside. On the downside, support lies at the 0.9800 level. A turn below here will open the door for more weakness towards the 0.9750 level and then the 0.9700 level. On the upside, resistance resides at the 0...
According to data provided today by IHS Markit Ltd., the Purchasing Managers Index (PMI) for the UK manufacturing sector rose to 58.2 in November (the previous estimate was 56.6, the forecast was 56.5). Thus, the November figure was the highest in 51 months...
After an active 4-week growth, the GBP / USD is declining during today Asian and European sessions. Nevertheless, the current decline is of a short-term nature. The positive dynamics of the pound and GBP/USD remains...
Now that the Bitcoin has reached 10k dollar. Speculation regarding its futures are reaching a climax. Some sees it at 1 million dollar like John Mcafee who in a tweet declared that he was increasing its forecast on the digital currency...
