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Rosen's Daily

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Re: Rosen's Daily

Postby rosentray » Wed Mar 23, 2016 10:35 am

The EUR/USD is trading lower today going as low as 1.1180. Main trend remains bearish, a consolidation around this level might be expected due to lack of fresh news to stir the market.
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Re: Rosen's Daily

Postby rosentray » Thu Mar 24, 2016 1:21 pm

The EUR/USD is trading at support around the level of 1.1160. This is best seen on the daily chart. Price will either try to bounce off this level or break it and reach 1.1100. This week no major news are expected so we could see calm markets today and tomorrow.
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Re: Rosen's Daily

Postby rosentray » Fri Mar 25, 2016 7:45 am

The EUR/USD is trading in consolidation due to lack of fresh news. With holiday time today, the low volatility is driving away market participants to something more beneficial. Bulls need to push prices above 1.1180 as bears will try to bring them down to 1.1080.
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Re: Rosen's Daily

Postby rosentray » Mon Mar 28, 2016 8:20 am

The EUR/USD is trading at support at 1.1170. Price has managed to stay in the ascending trading channel and if this level holds then we might see the pair reach 1.1450 next month. First support 1.1170, first resistance 1.1230.
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Re: Rosen's Daily

Postby rosentray » Mon Mar 28, 2016 8:21 am

Gold made a new low in the early trading hours going as low as $1,208. While bulls still have some hopes of price going up, bears are expecting $1,200 to be taken out. First support $1,208, first resistance $1,220. Major target $1,195.
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Re: Rosen's Daily

Postby rosentray » Tue Mar 29, 2016 1:42 pm

The EUR/USD is trading higher today due to support level reached yesterday. The pair made a high of 1.1225 and is currently trading at 1.1215. Please be aware that we have important statement from FED's Chairman Janet Yellen in less than a couple of hours.
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Re: Rosen's Daily

Postby rosentray » Wed Mar 30, 2016 10:40 am

The EUR/USD is trading higher in today's session after it became clear that Janet Yellen is not going to raise rates next month. Traders and investors read her commentaries as bearish for the dollar and the pair surged to 1.1250 mid-event. Early this morning the EUR/USD made a high of 1.1330, first resistance and is now trading at 1.1312.
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Re: Rosen's Daily

Postby rosentray » Thu Mar 31, 2016 7:13 pm

The EUR/USD made a high today at 1.1411, exactly where resistance is. The pair is now trading around 1.1380. If 1.1410 is not taken out by tomorrow there is a chance that bears might be able to bring the Euro down and go below 1.13.
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Re: Rosen's Daily

Postby rosentray » Thu Mar 31, 2016 7:13 pm

Gold recovered some $8 in today's session due to profit taking and bargain hunting. The precious metal is now trading around $1,233 with first resistance at $1,243. First support zone is $1,220.
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Re: Rosen's Daily

Postby rosentray » Fri Apr 01, 2016 4:28 pm

EUR/USD is trading lower after stronger than expected US monthly report. The pair was in buy mode for the week until the latest NFP data was announced and the dollar surged going back below 1.14, making a low of 1.1334. Be aware that 1.1410 is resistance and dollar bulls will try to keep price under this level.
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