Friday, August 23, 2019
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Home Tags Support and Resistance

Tag: Support and Resistance

Bitcoin: Is the Bear Ready to Make Another Breakout?

Bitcoin produced an Evening Star on the daily chart. The resistance level where the Evening Star has been formed seems to be a strong...

Gold Completes 32.8% Fibonacci Retracement – What’s Next to Expect?

During the European session, yellow metal gold surged back above the psychological resistance level of $1,500, recovering from the previous day’s dramatic losses as...

Daily FX Brief, Aug 20 – Light Economic Calendar, All Eyes...

It's going to be another muted day as most of the economic events listed on the calendar as low impacted and may not drive...

Gold Breaks Below Trendline – Risk Sentiment Improves!

On Monday, the short-term outlook remains supportive for gold, especially above 1,490 level. Overall, precious metal gold slipped due to a stronger U.S. dollar and...

Gold Ascending Triangle Violated – Trendline Supports around 1,508

This week, the most active precious metal gold is currently up to $7.20 and trading around $1511 per troy ounce after placing high around...

Daily FX Brief, Aug 16 – Risk-off Sentiment, Top Trade Setup...

On Friday, the greenback is mostly steady, trying to hold on the gains it made on the release of U.S. retail sales figures. Speaking...

Daily FX Brief, Aug 14 – Top Trade Setups In Forex,...

The U.S. dollar held off clobbering the Japanese yen following the Trump administration remarks that they would delay 10% tariffs on some Chinese products...

GBPUSD: Will the Resistance Level be Held Again?

GBPUSD after being very bearish on the daily chart, the price seems to be having a bearish divergence on the H4 chart. The price...

Daily FX Brief, Aug 12 – Top Trade Setups In Forex...

For what was quiet inception to the new trading week, volatility grew back across global markets from the London session yesterday. Gold was an...

Daily FX Brief, Aug 08 – Forex Trade Setups, Trade War...

The U.S. dollar index fell further against a bucket of six major currencies. Especially against the yen, as Japanese stocks opened lower in a...

Daily FX Brief, Aug 06 – Forex Trade Setups, Dollar Weakens...

On Monday, the Dollar Index sank 0.9% on the day to 97.22, amid heightened U.S.-China trade tensions. Further, the U.S. Treasury formally labelled China...

Daily FX Brief, July 29 – Top Forex Trade Setups, Big...

By all counts, the US dollar raised versus G10 currencies last week, edged up 0.86% according to the broad US dollar index. Optimistic durable...

AUD/USD Hit First Target – Who’s Ready for Next?

The AUD/USD currency traded consistently lower on the back of sluggish Australian PMI data. However, the sell-off didn't come as a surprise. It's something...

Daily FX Brief, July 23 – Top Forex Trade Setups to...

On Tuesday, the U.S. dollar continues to trade lower in the wake of dovish Fed sentiments. Federal Reserve, the U.S. central bank is widely...

Daily FX Brief, July 22 – Top Trade Setups In Forex,...

Welcome back to another exciting week that contains a series of high impact economic events, especially the ECB Policy decision, advance GDP and retail...

EUR/JPY Ascending Triangle Spotted – Potential Trade Idea!

Traders, the market is lacking volatility after showing some serious fluctuation in the financial markets amid strong dovish remarks from FOMC member John Williams. Earlier...

Daily FX Brief, July 19 – Top Forex Trade Setups on...

On Friday, the greenback is steadied but was quite on the defensive after the Federal Reserve leaders bolstered sentiments of an aggressive rate cut...

Gold ‘s Symmetric Triangle Pattern Brings Choppy Range – Trade Tips!

On Wednesday, the precious metal gold prices slid to $1,400 level as the U.S. dollar surged around a weekly high on the back of...

Daily FX Brief, July 17 – Brace Yourself to trade Series...

On Wednesday, the dollar was firm after optimistic U.S. data baked expectations of aggressive policy easing by the Federal Reserve later this month, whereas...

Gold’s Symmetric Triangle Pattern Holds – Can Retail Sales Help?

The precious metal gold continues to trade steady on Tuesday as investors awaited the U.S. retail sales data. As you know, Gold shares a...

Daily FX Brief, July 16 – Big Day, U.S. Retail Sales...

On Monday, the forex market remained muted due to lack of catalyst and the dollar was able to breath higher. The U.S. Dollar Index...

Safe Haven Gold Little Changed – Mixed Chinese Data Weights!

On Monday, the safe-haven metal prices have little changed due to data showed china's economic growth slowed to its lowest in at least 27...

Daily FX Brief, July 15 – Quick Trade Setups In...

The U.S. dollar was subdued on Friday, as the ICE U.S. dollar index dropped 0.3% on the day to 96.81. Chicago Fed President Charles...

AUD/USD Supported In a Bullish Channel – Series of EMA Supports!

The AUD/USD pair is on a bullish track, trading below 0.7000 key resistance level, which is now limiting its gains. During the second half...

Daily FX Brief, July 12 – Quick Trade Setups In Forex...

It's been a volatile week and I hope you have captured some nice trades. We are approaching the weekend and the market may have...

Daily FX Brief, July 11 – U.S. Fed Shakes The Market...

What a day it is! The U.S. central bank's chairperson Jerome Powell shook the market by taking a U-turn on its hawkish policy stance....

Gold Prices Slip Below $1,400 – Fed Set To Hold Rate!

Safe haven metal gold prices dropped by $1,400 level due to multiple speeches by U.S. Federal Reserve leaders in the upcoming two days. Besides...

Daily FX Brief, July 08 – Post-NFP Trade Setups – Who’s...

On Monday, the economic event remains light and investors seems to price in NFP and Unemployment rate data from the United States. Specifically, it...

Safe Haven Metal Prices Were Flat Ahead Of Payroll Data

On Friday, the precious metal gold is trading mostly flat in a narrow trading range of around 1400- 1420, however, gold prices are still...

Daily FX Brief, July 05 – Top Trade Setups In Forex...

On Friday, the dollar remained strong but traders were off on performing big bets ahead of the closely-watched U.S. non-farm jobs announce that could...

Daily FX Brief, July 04 – U.S. Independence Day, Key Trade...

The U.S. dollar continues to trade steadily on Thursday, amid the celebration of the Independence Day holiday. On Wednesday, the dollar index closed flat...

Daily FX Brief, July 03 – Trade Setups in Forex, Risk-Off...

The U.S. dollar grappled as the hazy concerns for any near-term Sino-U.S. trade deal renewed safe-haven demand, driving the U.S. bond yields to their...

Safe Haven Gold Achieves 50% Fibo Level – Brace for 61.8%!

The precious metal gold prices fell below the $1,400 level due to a trade patch up between the U.S. and China, increasing risk appetite....

Daily FX Brief, July 02– Trade Setups In Forex, RBA Cut...

On Tuesday, the U.S. Dollar gave up profits as traders curbed earlier passion about U.S.-China trade development while the Australian currency hardly shifted from...

Daily FX Brief, June 28 – Trade Setups In Forex, G20...

On Friday, the greenback stepped lower as the market anticipated a critical meeting between the heads of the United States and China at a...

Gold Drop Ahead of G20 Meeting – Fibonacci Retracement In Play!

On Thursday, the prices of the yellow metal gold slipped due to mixed signals on a trade deal between President Trump and President Xi...

USD/JPY Moves Under 107.00 – Geopolitical Tensions Put Yen on Fire!

The U.S. dollar dropped down on Tuesday in Asian and European sessions, while the Japanese yen grew due to increasing tension in the Middle...

Gold Taking Breather – Is This The End of Crazy Bullish...

During the European session, the yellow metal gold mounted to a six-year high over a weaker dollar. Well, there's not a sole reason behind...

Daily FX Brief, June 25 – Geopolitical Tensions Ruling Trade Setups,...

The U.S. dollar index slipped 0.1% on the day to 95.99 on Monday, stretching its falling streak to a 5th straight session, the longest...

Gold Continued to Rally, Rises Above $1,400 – What’s Next?

On Monday, the yellow metal gold prices continued to extend its recent rally, surging above the $1,400 level. It's mostly due to possibilities for...

Adjustment on the Neckline of a Double Top or Bottom

This is not a perfect world neither the financial markets’ charts are. Traders often need to make adjustments on the trading charts they trade...

Euro Plunged Dramatically as ECB’s Draghi Signals Stimulus

A few hours ago, the European Central Bank's Presiden Mario Draghi shook the market with an additional policy easing sentiment. European Central Bank (ECB)...

Daily FX Brief, Jun 18 – Key Trade-Ideas In European Pairs,...

Economic Outlook { "colorTheme": "light", "isTransparent": false, "width": "510", "height": "400", "locale": "en", ...

Daily FX Brief, Jun 17 – Trade Setups In GBP/USD &...

The Federal Reserve policy conference is due to be the most significant event for markets this week. Forecasts for a rate cut have risen...

Gold Jumps as Stocks Slips: FED Rate Cut Expectations Underpins!

On Thursday, the price of safe heaven metal trades bullish below 1344 during the European session as the risk sentiment remained weak. Moreover, the...

Daily FX Brief, Jun 13 – Three Trade Setups In EUR/USD,...

A day before on Wednesday, the U.S. dollar was modestly higher as trade tensions, and U.S. interest rate policy remained in highlights. However, the...

Gold Bounces Higher – Sino-U.S. Trade War on the Cards!

On Wednesday, prices of the gold surged dramatically during the early European hours amid escalation in trade tension between the U.S. and China. Gold...

Gold Prices Surged As Risk-on Sentiment Dominates! 

On Tuesday, the safe-haven metal increased during in Asia despite the increase in Asian stock. Gold futures for August delivery, traded on the Comex...

USD/JPY Peaking Out of Sideways Box – Is It Trying to...

On Friday, the USD/JPY pair ended the week marginally weak near 108.20, confined throughout these last few days to a close range. Nonetheless, it...

Pre-NFP Analysis on EUR/USD – Bearish Channel In Play

With traders stripping back odds for an ECB rate cut, the stage seems ready for EUR/USD to rally in the wake of weaker-than-expected U.S....