Browsing category Technical analysis

Technical Analysis 09 June: The Aftermath


EUR/USD, D1 EUR/USD in an Uptrend (currently in a correction mode)  Yesterday, there interest rate remained unchanged and Draghi’s statement didn’t have any major impact on the price either. Currently, we’re observing mild price action retracing toward the immediate short-term support at 1.1098. Scenario 1: As previously dicussed a potential entry point around 1.1098 (after

Market Review – Thursday, June 8, 2017


Calendar time: U.K. time, GMT+1 Technical Commentary for Thursday, June 8              Topic of the Day: All eyes on the U.K. and Europe   EUR/USD, D1  Currency pair is in an Uptrend Today we have a crucial number coming out at 12:45 p.m. GMT+1 with the interest rate decision directly linked to the common currency of

Market Review – Wednesday, June 7, 2017


Calendar time: U.K. time, GMT+1   Technical Commentary for Wednesday, June 7th   EUR/USD, Daily timeframe The euro dollar pair has temporalily stalled around the 1.1265 level. This is quite normal and if you’re already in a long-term trade, you’d just have to wait for the next catalyst to take place and hold the position.

Market Review – Tuesday, June 6, 2017


Calendar time: U.K. time, GMT+1 Technical Commentary for Tuesday, June 6th            Topic of the Day: Interest Rate Decision for Australia   EUR/USD, Daily timeframe Currency pair is in an Uptrend The pair didn’t move much on Monday in terms of Daily price change and is currently at the short –term resistance level at 1.1265 as

Market Review – Monday, June 5, 2017


Calendar time: U.K. time, GMT+1 Technical Commentary for Monday, June 5th              Topic of the Day: U.K. and U.S. to create volatiltity today   EUR/USD, H4 Currency pair continues to move in line with the Uptrend The pair closed the week into positive territory and 117 pips ahead of the previous week. The price action shot

Market Review – May 30, 2017


AUD/USD, Daily time frame Long-term bias for the AUD/USD is short.   The pair found a Resistance level at 0.7505 and formed a bearish engulfment on the Daily timeframe. Selling opportunities are present,looking to place a stop loss above the 0.7505 level and targets around Supports, namely, 0.7324 Target 1 and 0.7169 Target 2. If

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