USD/CHF Daily Analytics
02:43 05.03.2018
The USD/CHF pair has been trading in a corrective phase since March 1st session and it seems the 50% Fibonacci zone could be a key pivot point during the week ahead. The 0.9338 level should then become a support in order to give a boost to the pair in...
BTC/USD Daily Analytics
02:42 05.03.2018
The Bitcoin has been inserted in an upward phase since the lows of February 25, thanks to the fact that cryptocurrency has found demand above the key barrier of 8500. This has helped the price action to point upwards and the resistance of 11339 could be...
USD/JPY Daily Analyticss
13:46 02.03.2018
The last "Shooting Star" led to the current decline. The main intraday target is the lower "Window". If a pullback from this level happens little later on, there'll be a moment for an upward correction.
The price has been declining since a bearish...
EUR/USD Daily Analytics
13:44 02.03.2018
There's an "Inverted Hammer", which has been confirmed. Also, we've got no any reversal pattern, so the price is likely going to test the nearest resistance area, which could be a departure point for another decline.
We've got a bullish "Doji", so...
EUR/GBP Daily Analytics
07:08 02.03.2018
Recommendation:
BUY 0.8925
SL 0.887
TP 0.9015
On the daily chart, EUR/GBP remains within the 0.8695-0.9015 consolidation range. Its exit outside of it will be a signal of the uptrend’s resumption and increase the odds of formation of the senior AB=CD...
EUR/USD Daily Analytics
07:00 02.03.2018
Recommendation:
SELL 1.2310 SL 1.2365 TP1 1.2210 TP2 1.2155 TP3 1.2080
SELL 1.2355 SL 1.2410 TP1 1.2255 TP2 1.2155 TP3 1.2080
On the daily chart, the return of EUR/USD inside the uptrend channel will increase the risks of the pair going to 161.8% and...
Economic Events
GDP is the broadest measure of a country’s economic activity and the primary gauge of the economy’s health.
Canadian GDP data differs from that of other countries because it is released on the monthly basis and not just once in a quarter like in the United States or the euro...
Forex Strategy
TURTLE SOUP TRADING STRATEGY “COOKED” BY L. RASCHKE.
Today we will tell you about the trading strategy named Turtle Soup. The group of traders who called themselves Turtles used almost the same techniques for the active profit-taking. One very successful commodity and futures...
EUR/USD: "INVERTED HAMMER" PATTERN
13:31 01.03.2018
There's an "Inverted Hammer", which hasn't been confirmed yet. So, the price is likely going to test the 21 Moving Average, which could be a departure point for another decline.
We've got a "Shooting Star", which has formed at the last...
USD/JPY: BULLISH "HIGH WAVE"
13:33 01.03.2018
The last "Evening Star" is still on the table, so the price is likely going to continue declining. Meanwhile, if a pullback from the nearest support area happens, we could have a bullish correction.
There's a bullish "High Wave", which has been...
USD/JPY Daily Analytics
13:33 01.03.2018
The last "Evening Star" is still on the table, so the price is likely going to continue declining. Meanwhile, if a pullback from the nearest support area happens, we could have a bullish correction.
There's a bullish "High Wave", which has been...
EUR/USD Daily Analytics
13:31 01.03.2018
There's an "Inverted Hammer", which hasn't been confirmed yet. So, the price is likely going to test the 21 Moving Average, which could be a departure point for another decline.
We've got a "Shooting Star", which has formed at the last local high...
USD/JPY Daily Analytics
07:53 01.03.2018
Recommendations:
BUY 107.85 SL 107.3 TP1 108.9 TP2 109.4 TP2 109.9
SELL 105.95 SL 106.5 TP1 104.95 TP2 103.95 TP3 102.8
On the daily chart USD/JPY, there is a short-term consolidation within the downtrend. A break of its lower bound near 106.6 will...
EUR/JPY Daily Analytics
07:49 01.03.2018
Recommendations:
BUY 131.65
SL 131.1
TP1 132.65 TP2 133.7 TP3 134.3
On the daily chart EUR/JPY, the pair reached the 113% target of the “Shark” pattern. As a result, risks of the correction increased. The return of the pair to the previous low is a...
AUD/USD Daily Analytics
06:04 01.03.2018
Technical levels: support – 0.7690; resistance – 0.7790
Trade recommendations:
Buy — 0.7690; SL — 0.7670; TP1 — 0.7760; TP2 — 0.7790.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with the...