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Technical Analysis

AUD/USD as the pair dropped near the 0.7200 level

10/22/2015 8:00:38 AM

AUD/USD as the pair dropped near the 0.7200 level   We have our eyes on the AUD/USD as the pair dropped near the 0.7200 level Wednesday and a break below that level could give us a move back to the 0.7000 support level.  It is uncertain if the pair can drop that low though, as the short term trend is higher, though the longer term trend is most certainly lower.

GBP/USD changed the way to uptrend

7/1/2015 9:15:29 AM

GBP/USD changed the way to uptrend The GBP/USD pair seems to have changed and started and uptrend after it broke the 50, 100 and 200 days moving averages. Assuming that the pair will be going upwards for longer period of time is based upon the fact, that the pair has broken its 200 days moving average, which define long term trends. Many traders pay close attention to these lines and therefore, it is good to know about them and be prepared. Since the long term trend has changed, traders may sell ...

The GBP/USD technical analysis

6/22/2015 9:27:57 AM

The GBP/USD technical analysis The GBP/USD has broken its 50, 100 and 200 days moving averages, which could effect this pair’s long term trend. Traders tend to think that when a pair breaks its 200 days moving average, because that is the line that defines long term trades. The 200 days MA is set at 1.5787 right now and as long as the pair stays above this line, traders will think of this pair as going upwards. This might result in short term traders to close their positions and switch to ...

American Stock Markets get down again

6/9/2015 8:36:11 AM

North and South American Stock Markets Not the best day for stocks in America, as all markets except the Brazilian one are in the red. Nasdaq dropped by 0.83%, the S&P 500 is lower by 0.48% and the Dow shed 0.29%. Down south, Mexican IPC stays even, as it lost 0.06% and Brazilian Bovespa has, on the other hand, gained 0.06%. Asian Stock Markets Markets in Asia closed mixed. The Japanese Nikkei 225 is even at -0.02%, but Hong Kong’s Hang Seng jumped up by 0.21% and Chinese Shanghai ...

ECB Reacts To Yields, Sends EUR Down

5/20/2015 8:23:51 AM

ECB Reacts To Yields, Sends EUR Down   European Union has been doing so well and its yields were so big, that the fast rise in yields could actually hurt the EU economy. European Central Bank saw that and decided that it will act, which it did, yesterday. They reported, that they will increase the purchases od European government bonds sooner, rather than in summer, as scheduled. This is a smart decision by the ECB, as the liquidity in summer is lower, therefore the Central Bank secured ...

EUR/USD pair might have completed their course

5/18/2015 8:06:01 AM

EUR/USD  pair might have completed their course   Some of EUR bulls might have been scared off by Draghi. For example- Credit Agricole said, that “There isn’t much of an upside left”- meaning, that the euro/dollar pair might have completed their course and that there is no room to climb up to. An index that shadows the United States Dollar compared to major currencies trades at 4 months low. The only way for the USD to rebound is by getting a better U.S. economic ...

Dollar Still Low, Waits For Support

5/18/2015 8:04:49 AM

Dollar Still Low, Waits For Support   Back in March- March 16th to be exact- the EUR/USD hit their 12 year low at 1.0457. One month later, the pair is up by more than 9%, at a 3 months high of 1.445. The pair is above 1.13 now, as yields in Europe weren’t as high as they could have been. The euro was so low in March because traders sold it off after the ECB started a full-fledged QE program. Draghi has confirmed, that the ECB plans on completing this QE program, as it was promised.

Oil Analysis recommend to sell

5/14/2015 8:56:23 AM

Oil Analysis recommend to sell Oil has been surging and analysts recommend to sell with trade profit at $60, according to strategists of energy prices. GDP/USD had dropped and is now testing the 1.5600 as a support. The price was above 1.57 after, as the inflation dropped and the British earnings were higher than expected, but Carney pushed it down later.

EUR/USD expected to go down

5/14/2015 8:55:07 AM

EUR/USD expected to go down This pair is expected to go down, as the dollar is at 1.1150, but 1.10 and 1.85 is supposed to come. The lower highs from a few days ago coupled with the divergence below the signal below the black lines could be tested. Sell with take profit at 1.10, as recommended by analysts. USD/JPY The triangle is still on, but it's a bit smaller. The support line is set at 119.60 but traders think this line will be tested, after the resistance line of 120.20 was broken.

United States Dollar is posting losses

5/3/2015 11:05:24 AM

United States Dollar is posting losses   United States Dollar (USD) is posting losses against most of the major currencies third day in a row. Canadian Dollar (CAD) has almost climbed back over $0.8, as it went up by 0.21%. Currencies in Europe are green, as the British Pound (GBP) rose by 0.49%, while the European Euro (EUR) jumped up by exactly one percent. Out east, the Japanese Yen (JPY) gained 0.62%, but Australian Dollar (AUD) lost 0.56% of its value.