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EUR/USD breaks out of 7 months pattern

October 29, 2015 in Chart Alert

In the “Alerts – Observations – Watch Outs” sub-forum of our Forex forum section we had been talking about the ascending triangle pattern of EUR/USD. In the last alert we had indicated the following: “Any decisive break below 1.1060 should extend the decline to test the 1.1000 to 1.1020 support first and then possibly more. However, […]

Comparison between Forex, Binary Options and Penny Stocks Trading

October 20, 2015 in Miscellaneous

Whether you want to make an investment that will boost your savings account or you want to build a diversified portfolio and a career in trading, investing in foreign exchange market, binary options or penny stocks may seem very appealing. In this article I am going to analyze and compare these three types of equities […]

Dollar Strength

October 2, 2015 in Forex Analysis

The U.S. dollar has remained very strong in 2015 as the U.S. economy has expanded at a faster rate than many of its competitors. Some countries have encouraged weakness in their respective currencies and the U.S. dollar has been a major beneficiary. The greenback is the world’s dominant currency and is close to a 12-year […]

Focus Remains on the Downside for GBP/USD

October 1, 2015 in Chart Alert

GBP/USD’s fall from 1.7192 had completed 50% retracement and refused to go any further. The second wave of downward move seems to have 38.2% retracement level as resistance instead of support. The upward move from 1.4567 had reflected the psychological support of 1.4500 range. However, the pair could not break the psychological barrier of 1.6000 […]

15 years of EUR/USD in Nut & Shell – Expect Further Decline

September 28, 2015 in Chart Alert

Past 8 months’ price action of EUR/USD has seen an ascending triangle formation emerging up. Now as far as any triangle chart pattern is concerned, a break out can be on either side. However, we are in favor of a downward breakout and some further decline. The first reason is that the 17 months’ fall […]

GBPCHF Breaks Important Support

August 24, 2015 in Chart Alert

GBP/CHF broke below the support of the upper edge of daily Ichimoku cloud today. This move certainly makes the near term bearish sentiments stronger and overall we expect further pull back towards downside. However, a couple of points to be kept in mind are as follows: The fall from 1.5411 can be attributed to the […]

More unpredictability to come in 2014?

November 6, 2014 in Economy

In hindsight, last week’s chaotic run for the markets looks almost inevitable. The sustained lull in forex in volatility, overinflated stocks in the US and beyond, and an almost fanatical belief that key economies were on an unimpeded journey towards health all combined in spectacular fashion, and panic set in. The view held by many […]

Currency Speculators raised US Dollar bullish positions higher for 4th week

October 19, 2014 in Forex Analysis

By CountingPips.com The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators pushed their overall US dollar bullish bets higher last week for a fourth straight week and to the highest overall level since May 2013. Non-commercial […]

Weekly Technical Strategist On EURUSD

October 12, 2014 in Forex Analysis

EURUSD: Recovers Higher On Correction EURUSD: Except EUR returns above the 1.2791 level, it faces a possible reversal of its corrective recovery triggered the past week. Support lies at the 1.2550 level where a break will expose the 1.2500 level. Below here will pave the way for a move lower towards the 1.2300 level. If […]

Daily Technical Strategist On AUDUSD

September 26, 2014 in Forex Analysis

AUDUSD: Price hesitation Sets In. AUDUSD: Though seeing a price hesitation during Friday trading session today, it continues to maintain its broader medium term downside pressure. Support lies at the 0.8750 level. A cut through here will turn attention to the 0.8700 level and then the 0.8650 level where a violation will set the stage […]

Special Focus On EURJPY

September 25, 2014 in Forex Analysis

EURJPY: Extends Corrective Pullbacks EURJPY- With the cross vulnerable and targeting further downside, more decline is envisaged. Support comes in at the 138.50 level where a break will aim at the 138.00 level. A break will target the 137.50 level with a breach turning focus to the 137.00 level. Below here will aim at the […]

Trading Opportunities with USD/JPY in the Coming Days

September 23, 2014 in Forex Analysis

As we had mentioned during the first week of this month in an USD/JPY update titled “USD/JPY – Is 110 still a dream or becoming a reality?“, repeating the same thoughts which were voiced almost 9 months back in another post titled “USD/JPY 2014 Outlook – Is 110 a question of “when” not “whether”?“, the […]