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“Fat Finger” Trade in Gold?

“Fat Finger” Trade in Gold?

Gold sank like a stone at 9 a.m. in London after a huge spike in volume in New York futures that traders said was probably the result of a “fat finger,” or erroneous order. Trade shot up to 1.8 million ounces of gold in just a minute, a level not reached even with the surprise […]

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CAC Gains as Italy Cleans House with Bank Bailouts

The CAC index has started the week with strong gains. In the Monday session, the index has gained 0.94% and is currently trading at 5313.30 points. It’s a quiet start to the week, with no eurozone or French numbers on the schedule. ECB President Mario Draghi will speak at the ECB Forum on Central Banking in Portugal. […]

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JD Power Says US Auto Sales Likely to Fall in June

U.S. auto sales in June likely fell 2 percent from a year earlier despite large discounts for consumers, presenting a fresh sign that automakers are heading into a downturn, industry consultants J.D. Power and LMC Automotive said on Monday. LMC also cut its full-year 2017 forecast for new vehicle sales for the third consecutive month, […]

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Elliott waves for Forex correlation analysis – Expect a rebound from 1.27735

GBPUSD – Flat Wave Analysis: Despite our expectations that the impulsive wave (c) could extend lower, the cable continues to correct itself upwards. We expect the bullish candles seen on the daily charts for the past two days to be mere correction of the impulsive wave (c) and should not go beyond 1.27735 from where we’ll be looking to resell the impulsive wave (c) towards 1.24400. This view can only be rendered futile in case the price end up breaking above 1.27735, a break above this level will push the price further to the upper side but should not go beyond 1.34293. Expect a similar wave count in GBPAUD, GBPCAD, GBPCHF and EURUSD. These pairs have a strong positive correlation of up to +71% and will move in the same direction during this intraday. Trade Recommendations Expect a possible rebound from 1.27735 to short this pair towards 1.2440
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_99685.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063

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Elliott waves for Forex correlation analysis – Corrections

EURUSD – Up Wave Analysis”: On Friday the previous trading week, the corrective wave (b) extended higher but could not hit the highs of 1.12859. During this intraday, we still expect a possible extension of this correction to the upper side but should not extend above the end of the impulsive wave (v). Although this upward rally is highly anticipated if a bearish candle can show up below 1.12859, then this could mark a possible end of this correction and could push the price to the lower side. Expect a similar wave count in EURHKD, GBUSD, AUDUSD and NZDUSD. These pairs have a strong positive correlation of up to +85% and will move in the same direction during this intraday. Trade Recommendations: wait for minor corrections towards 1.12859 to short the impulsive wave (c) with an ideal target at 1.08649
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_99684.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063

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Weekly analysis- Elliott waves for Forex correlation analysis – Gold weekly Review

Gold weekly ReviewWave AnalysisDuring the previous trading week ending 23rd June 2017, Gold markets fell as low as 1240.660 and as high as 1258.68 but ended up closing at 1256.30, just a few pips above its opening price. The previous week’s candle is a perfect bullish pin bar and could drive the price to the upper side. During this week, we expect a possible bullish price movements. The anticipated upward rally is the continuation of the impulsive wave (c) to the upper side but should not go beyond 1396.98. A break above this level will push the price further to the upper side with the next ideal target at 1608.08. Trade this commodity alongside Silver. These two commodities have strong positive correlation and will move in the same direction during this week.Trade Recommendations:Expect a possible bullish price rally towards 1396.98SP500 Weekly review
Wave Analysis;For almost a decade now, SP500 has been in a constant uptrend and could still rise further . During the last trading week ending 23rd June 2017, there was a slight correction to the lower side but could not go below 2429.63. We expect the upward rally the began on Friday to be an onset of both the impulsive waves (v) and (5) to the upper side but should not go beyond  2740. Trade this index alongside other indices such as the Australian index and othersTrade Recommendations:Expect a possible bullish price movements towards 2470.Crude Oil Weekly Review
Wave Analysis:Perfectly as previously forecasted, the crude oil fell during the previous trading week and could still fall further. We expect the upward rally that began two days ago be a mere corrections and should not go beyond 46.433 from where we’ll be looking to resell this commodity. The anticipated short position is the continuation of both the inner impulsive wave (v) and the outer impulsive wave (c) to the lower side but should not go beyond 38.522. This view can only be invalidate in case the current correction end up above 46.433, if this is the case, then a possible bullish momentum towards 48.409 is inevitable.Trade Recommendation:Wait for a rebound from 46.433 to short oil with an ideal target at 38.522 
https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/week_3126.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063

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Technical Analysis Based on Breakout – Eur still looks bullish above 1.1144.

EURUSD – Up Technical Observation EUR is currently trading slightly below its pivot line 1.1207. Despite the other day’s forecast that eur would rise towards 1.1448, Eur continues to oscillate around 1.119 but should rise towards 1.1448 this week. For the past two weeks, the weekly candles have had long bullish tails and could act as bullish pin bars,thus, unless the support line 1.1144 is clear broken to the lower side, I expect a rise towards 1.1465. Further long positions may only be recommended if the price breaks out clearly above 1.1448, if this is not the case, then Eur could reverse from 1.1448. My advice, if you’re long here, only remain long up to 1.1468. Technical levels: Resistance levels R1: 1.1227 R2: 1.1246 R3: 1.1286 Pivot 1.1207 Support Levels S1: 1.1127 S2: 1.1167 S3: 1.1188 Trade Signal Eur still looks bullish above 1.1144
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/technical-analysis-based-on-breakout/issue_99683.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063

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Technical Analysis Based on Breakout – Flat

USDJPY – Down Technical Observation Recently, Usd entered into a contracting wedge and is still withing it. I’m waiting for a clear breakout above the upper trend line. to long Usd towards the resistance line 111.72. A break above this trend line will push the price further upwards towards 115.00. However, if the price breaks below the lower trend line, then I expect a decline towards the support line 110.84 . On the 4 hour chart above, its better to wait for a breakout on the either side to either but or sell depending on the direction of breakout. Technical levels: Resistance levels R1: 112.02 R2: 112.71 R3: 113.98 Pivot Point 111.66 Support Levels S1: 108.9 S2: 110.17 S3: 110.75 Trade Signal Flat
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/technical-analysis-based-on-breakout/issue_99682.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063

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Technical Analysis Based on Breakout – Further decline towards 1.2152

GBPUSD – Flat Technical Observation On the weekly chart above, Gbp is currently trading within a rising wedge. Following the rejection from the resistance line 1.2915, I expect breakout below the lower trendline acting as a support to the rising wedge to short Gbp. If this is the case, then I’ll wait for a pullback to the just broken trend line to short Gbp towards the support 1.2152. If this should be the case, then I expect further decline towards 1.1531. Technical levels: Resistance levels R1: 1.2744 R2: 1.2769 R3: 1.2817 Pivot Point 1.272 Support Levels S1: 1.2623 S2: 1.2671 S3: 1.2695 Trade Signal Further decline towards 1.2152
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/technical-analysis-based-on-breakout/issue_99681.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063

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