Friday, August 23, 2019
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Home Tags Technical Analysis

Tag: Technical Analysis

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 13 – 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 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...

Gold Consolidates Below $1,510 – Eyes on 38.2% Fibo!

Gold prices are trading sideways as the market awaits fresh catalyst from the U.S. - China trade wars to determine upcoming trends in gold. However,...

Do You Really Need Pivot Points In Your Price Action Analysis?...

Introduction One of the most widely used indicators is the pivot points. Pivots points help determine which levels a particular market can bounce from. It...

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...

Daily FX Brief, July 26 – Top Forex Trade Setups, US...

On Friday, the greenback stayed near a two-week high versus the yen as forex traders trimmed expectations for competitive Federal Reserve interest rate cuts...

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...

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...

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 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 Violates Descending Triangle, Fed Chair Signals Rate Cut!

Precious metal gold surged dramatically from 1390 to 1407 level on dovish remarks from the Federal Reserve Chairman Jerome Powell. Fed Chair Signals Rate Cut The...

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 09 – Top Trade Setups In Forex,...

The U.S. dollar firmed as odds for interest rates cuts dropped. The dollar index edged higher by 0.1% on the day to 97.37. Meanwhile,...

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 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...

Gold Standstill Ahead of G20 Summit – U.S.-China Trade Talks Eyed

The yellow metal gold prices traded sideways on Friday amid uncertainties a highly anticipated meeting between the United States and China would reduce trade...

Daily FX Brief, June 27 – Trade Setups In Forex, U.S....

On Thursday, the greenback floated near a one-week high versus peer currencies on the back of positive Sino-U.S. trade talks in G20. Moreover, the...

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...

Over 200 Pips Plunge In Gold – What’s Wrong?

On Monday, the precious metal gold slipped dramatically from a 14-month high $1,357, placed in the previous session. The Greenback strengthened on robust U.S....

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 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...

Become A Trading Ninja By Finding Your Unique Style

Up until this point in the ditto educational series we have covered a wealth of knowledge to help you build a foundation of understanding...

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...

Are You Looking At Support and Resistance Levels The Way It...

Support and Resistance Support and resistance are points on charts where forces of supply and demand meet. This support and resistance are crucial points for...

Basic Abilities Required to Be Successful in Trading

There is a saying in the financial market ‘Trading is the toughest way to make the easiest money’. Money comes easily when things go...

How Does A Price-Action Trader Look At The Candlesticks?

What are candlesticks? A candlestick is simply a way of communicating information as to how the price is moving. These charts are available on every...

Combine Fundamental & Technical Analysis To Master The Forex Markets

Hello and Welcome to the ditto educational series that will provide you with the skills you need to become a forex trader! Fundamental and technical...

EUROJPY: The Sellers Having a Party!

EUROJPY has been very bearish on the daily chart. The price has been heading towards the South with good momentum by making new breakouts....

Daily FX Brief, May 31– Market Wrap – Canadian GDP In...

FX Market Wrap The U.S. stocks supported by posting decent gains. The Dow Jones Industrial Average scored 43 points (+0.2%) to 25169, the S&P 500...

Gold Skyrocking as Trade War Triggers Safe Haven Appeal!

The price action in the metals continues to show that traders are trying to push the metals higher, and investors over trade war fear....

Daily FX Brief, May 30– Market Wrap – Buckle Up for...

In late April, the U.S. stock indexes placed new record highs, but the escalation of the US-Sino trade dispute has forced many global equity...

The secret to pinpointing forex entries (Fibonacci)

Hello and Welcome to the ditto educational series that will provide you with the skills you need to become a forex trader! Today we are...

Daily FX Brief, May 28– Market Wrap & Trade Setups Today

Market Comment We had a generally quieted begin to the trading week as speculators both the UK and the US enjoyed long weekends. Securities & Stock...

GBP/USD Bearish Setup – Double Top, Engulfing & Theresa May Weights

The pound was lightly raised against the dollar, with GBP/USD up 0.1% to 1.2727, having recovered some area due to Prime Minister Theresa May...

Bullish Engulfing In Gold – Is This The End of the...

On Thursday, gold traded mostly sideways above 1,270 support and below 1,275 resistance, after following the FOMC meeting minutes from the Federal Reserve. Federal Reserve...

Daily FX Brief, May 22 – Market Wrap & How to...

FX Market Recap Financial markets recovered from the latest acceleration in trade tensions within the U.S. and China as a slight respite for Huawei from...

Daily FX Brief, May 21 – Market Wrap & Top Trade...

FX Market Recap The drop out from the most recent acceleration in the developing exchange war between the US and China kept on constraining financial...

Gold Technical Outlook – Bullish Channel Breakout & Doji’s In Limelight

Gold got whacked on Thursday and is presently testing the $1,280 level once again. The bullions are vulnerable and show no indications of reversing...

EUR/GBP Trades In Line With Forecast, +200 Pips In Favor!

Recalling our previous forecast on EUR/GBP, the pair traded precisely in line with our analysis. Euro is firmly growing versus the British pound. Last...

Gold Trades Bullish, Inline With Forecast. What’s Up Next?

On Tuesday, the price for the safe-haven asset gold dropped below the psychologically important $1,300 level, despite the increased trade war between the U.S....

Daily FX Brief, May 14 – Market Wrap & Key Trade...

FX Market Recap The U.S. dollar, in DXY terms, slid into more losses in recent movement, prolonging the pullback noticed from the 2019 highs of...

Daily FX Brief, May 13 – Market Wrap & Key Trade...

FX Market Recap Last week's price action in the Forex market was mainly driven by news relating to the ongoing (and escalating) trade spat...

Should You Be A Fundamental Trader Or A Technical Trader… Or...

Hello and Welcome to the ditto educational series that will provide you with the skills you need to become a forex trader! Today we are...

Daily FX Brief, May 9 – Market Wrap & Key Trade...

Sharp Decline in US Stock Markets A day before, the U.S. stocks posted dramatic decays prompting all three major indexes to lose almost 2%. The...

EUR/GBP Surge Over Brexit Chaos- Upside Capped around 0.8640

Sterling is trading distinctly lower in mid-week trade despite rising efforts by the UK Prime Minister Theresa May to gratify the opposition Labour party...

Daily FX Brief, May 6 – Top Trade Setups, Risk Off...

Global financial markets had undergone a sharp end to last weeks trading as optimistic US job figures had supported stocks and other risk assets....