Forex Analysis
Sebastian Seliga
2014-11-27 10:00:38 UTC+00 23 min. ago
The wave progression starts to look like a completed triangle pattern inside of a wave (ii) or b green and if there is no downside breakout below the level of 146.28, then the market should rally impulsively to the upside, targeting the level of 147.38 and then 148.42. On the other hand, if the key level so broken, then the market might continue lower with the corrective cycle WXY brown, targeting the level of 145.59 first and then the level of 143.68 next.
Torben Melsted
2014-11-27 09:47:21 UTC+00 36 min. ago
The correction closer to 1.5805 has unfolded as expected. We have seen a low at 1.5788, just below our corrective target. We will now be looking for a break above minor resistance at 1.5826 as the first indication that the correction is over, while a break above 1.5899 is needed to confirm the bottom and calls for the next rally towards 1.6273 on the way higher to 1.6446 and 1.6800.
Sebastian Seliga
2014-11-27 09:46:51 UTC+00 36 min. ago
The wave progression is getting more and more consolidated as there is no new low made so far below the level of 1.1190. The price have been making recently a lot of a false breakouts to the upside. That is why my bias is still to the downside as long as the price is trading inside the corrective golden channel. Only a sustained breakout above the level of 1.1368 would change the outlook for more bullish one.
Torben Melsted
2014-11-27 09:40:20 UTC+00 43 min. ago
Wave b of the correction from 149.13 has extended slightly, but a break below minor support at 146.50 will indicate that wave c lower towards 143.88 and 142.06 is unfolding.
Harsh Japee
2014-11-27 08:25:21 UTC+00 1 hour, 58 min. ago
Technical analysis and trading recommendations for EUR/JPY for November 27, 2014. The EUR/JPY pair is drifting sideways above 145.50 levels for now. Watch for break higher.
Harsh Japee
2014-11-27 08:04:49 UTC+00 2 hours, 18 min. ago
Technical analysis and trading recommendations for GBP/CHF for November 27, 2014. The GBP/CHF pair has potentially formed base at 1.5120/30 levels yesterday. Look higher for now.
Harsh Japee
2014-11-27 06:35:46 UTC+00 3 hours, 47 min. ago
Technical analysis and trading recommendations for Silver for November 27, 2014. Silver is also retracing from its recent highs of $16.70 levels. Immediate support is at $15.90.
Harsh Japee
2014-11-27 06:08:57 UTC+00 4 hours, 14 min. ago
Technical analysis and trading recommendations for Gold for November 27, 2014. Gold is pulling back from recent highs of $1,207.00. Immediate support is at $1,175.00.
Joseph Wind
2014-11-27 05:17:36 UTC+00 5 hours, 6 min. ago
We recommend hourly buying above 0.9625 and selling below 0.9590 levels.
Arief Makmur
2014-11-27 03:25:00 UTC+00 6 hours, 58 min. ago
When the European market opens, some economic news will be released such as German Prelim CPI m/m, Spanish Flash CPI y/y, German Unemployment Change, M3 Money Supply y/y, Private Loans y/y, Italian 10-y Bond Auction, Spanish HPI q/q, and GfK German Consumer Climate.
Arief Makmur
2014-11-27 03:24:13 UTC+00 6 hours, 59 min. ago
Today, Japan and the US will not release any economic data.
Joseph Wind
2014-11-27 02:48:41 UTC+00 7 hours, 35 min. ago
The pound sterling managed to give an upside breakout against the US dollar, but failed to get the same result against the JPY.
Joseph Wind
2014-11-27 01:54:58 UTC+00 8 hours, 28 min. ago
We recommend fresh buying above 1.5810 with the targets at 1.5850 and 1.5880.
Joseph Wind
2014-11-27 01:52:45 UTC+00 8 hours, 31 min. ago
We recommend fresh intraday buying only above 1.2510 with the targets at 1.2530, 1.2575, and 1.2600.
Azeez Mustapha
2014-11-27 00:16:19 UTC+00 10 hours, 7 min. ago
The Cable is making serious effort to go bullish and this has resulted in a new bullish outlook in the market. The distribution territory at 1.5800 is now under siege and with more exertion of bullish strength; the distribution territory could be breached to the upside, as price goes towards another distribution territory at 1.5850.
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