Technical Analysis

Short term YM_F (Dow E-Mini Future) Elliott Wave view suggests the rally from 6/29 low is unfolding as a double three Elliott wave structure and ended with Minor wave W at 21628. Down from there, Mino...
Technical Analysis

Price is strongly bullish and could take out the resistance from the sliding line (SL) in the upcoming days, a valid breakout from the descending channel will drive the rate towards the next upside ta...
Technical Analysis

The Gold edges higher and resumes the upside movement, is trading right above the $1260 per ounce and most likely will target the 1295 level. Has broken above the outside sliding line (descending dott...
Technical Analysis

Price has increased in the second part of the day and has managed to resume the minor upside momentum. The greenback was ruined by the FOMC and now could drop much deeper versus all its rivals. GBP/US...
Technical Analysis

After blowing through double top resistance, EUR/JPY has continued higher on fundamentally driven Euro strength. I don't normally go as wide as the weekly chart, but higher time frame levels are the s...
Technical Analysis

USD/CAD changed little today and is waiting for the FOMC Statement to bring some action, we'll see how will react after this main event. Price remains under massive selling pressure, the next downside...
Technical Analysis

Price decreased after the failure to reach and retest the outside sliding line (SL) of the major descending pitchfork and now is pressuring the 38.2% retracement level and the warning line (Wl1). Coul...
Technical Analysis

Price rallies and looks unstoppable on the Daily chart because has ignored some important resistance levels, could hit fresh new highs till the end of the days as the bulls are in full control. We ha...
Technical Analysis

On Wednesday morning it could be observed that the speculated reaching of the 2015 high level had became reality for the EUR/USD currency pair. However, after reaching the mentioned high level at the ...
Technical Analysis

The Pound was relatively steady on Tuesday morning, being supported by the weekly PP and the 55– and 200-hour SMAs circa 1.3015. However, this stable equilibrium changed mid-session when the rate sh...
Technical Analysis

On Tuesday, solid upside risks pushed the Greenback through three resistance levels, namely, the 55– and 100-hour SMAs and the weekly PP. As a result, a two-week descending channel was breached to t...
Technical Analysis

The strength of the monthly pivot point has proven itself to be strong enough to force the yellow metal's price into breaking the ascending channel pattern, which guided the bullion since July 11. The...