Forex Analysis
Harsh Japee
2014-10-30 10:01:36 UTC+00 3 hours, 34 min. ago
Technical analysis and trading recommendations for EUR/USD for October 30, 2014. The EUR/USD pair has dropped below 1.2600 levels but it is expected to carve a higher bottom above 1.2500.
Alexandros Yfantis
2014-10-30 10:01:23 UTC+00 3 hours, 34 min. ago
The Dollar index has held support yesterday. After the FOMC minutes, the greenback strengthened and broke above resistance levels signaling the start of a new upward move that could push the index towards 91. The trend is bullish as long as price is above 85.15.
Alexandros Yfantis
2014-10-30 09:56:21 UTC+00 3 hours, 39 min. ago
Gold price has broken short-term support at $1,221 and price is moving towards our short-term target of $1,200 already. My longer-term view remains bearish targeting $1,050. Important resistance for a trend change is the $1,240.
Torben Melsted
2014-10-30 09:35:33 UTC+00 4 hours ago
With a low at 1.6003 we were dangerously close to our stop. The rally of the 1.6003 low is clearly impulsive in character and the next upside target some in at 1.6498.
Torben Melsted
2014-10-30 09:26:01 UTC+00 4 hours, 9 min. ago
Wave B ended at 138.03 and wave C lower to 130.99 is developing. Short term, a break below support at 136.59 will confirm that wave B is over and wave C is developing.
Arief Makmur
2014-10-30 09:00:16 UTC+00 4 hours, 35 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, Spanish Flash GDP q/q, German Unemployment Change, and Italian 10-y Bond Auction. The US will release the flash GDP q/q, Unemployment Claims, flash GDP Price Index q/q, and Natural Gas Storage. So, amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY TECHNICAL LEVELS: Breakout BUY Level: 1.2694. Strong Resistance
Arief Makmur
2014-10-30 08:59:53 UTC+00 4 hours, 35 min. ago
In Asia, Japan will not release any economic news, but the US will release some economic data such as flash GDP q/q, Unemployment Claims, flash GDP Price Index q/q, and Natural Gas Storage. So, there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session. TODAY TECHNICAL LEVELS
Sebastian Seliga
2014-10-30 08:23:31 UTC+00 5 hours, 12 min. ago
The low anticipated yesterday for purple wave (2) looks to be in place now. The market move is just below the golden trendline and it is waiting for a breakout. The key level for the market is the level of 1.1292 and any breakout above the level is bullish with a high possibility of new highs to be made. Moreover, any failure at that level means that the corrective cycle will be more complex and time-consuming.
Harsh Japee
2014-10-30 08:14:21 UTC+00 5 hours, 21 min. ago
Technical analysis and trading recommendations for EUR/JPY for October 30, 2014. The EUR/JPY pair has hit the first estimated target at 138.00 yesterday. Partial profits can be booked.
Sebastian Seliga
2014-10-30 07:48:59 UTC+00 5 hours, 46 min. ago
As anticipated two days ago the one to one equal legs market geometry pattern between waves a and c green has been completed and supply zone has provided the resistance necessary to move the market down. Currently it looks like intern sub-cycle wave -i- is completed and now the market is in wave -ii- of the cycle. When the correction is finished, the market should break below the level of 137.25 in impulsive fashion and continue lower.
Harsh Japee
2014-10-30 07:46:15 UTC+00 5 hours, 49 min. ago
Technical analysis and trading recommendations for GBP/CHF for October 30, 2014. The GBP/CHF pair might have formed a top at 1.5340 levels last week. The pair should continue drifting lower till prices remain below 1.5340.
Harsh Japee
2014-10-30 06:51:19 UTC+00 6 hours, 44 min. ago
Technical analysis and trading recommendations for Silver for October 30, 2014. Silver has re-tested the support of its trading range around $17.00/10. The metal should be preparing to turn bullish from here.
Harsh Japee
2014-10-30 05:58:09 UTC+00 7 hours, 37 min. ago
Technical analysis and trading recommendations for Gold for October 30, 2014. Gold has dropped to expected levels at $1,210.00. Expect the metal to reverse from here on.
Joseph Wind
2014-10-30 05:12:46 UTC+00 8 hours, 22 min. ago
The prices are taking support at the 21ema around 174.00 levels.
Joseph Wind
2014-10-30 04:04:02 UTC+00 9 hours, 31 min. ago
For an hourly trade, risky traders, use sl $1,216.50 selling at the market price of $1,213.00 for targets at $1,211.00, $1,207.50, below this, $1,204.00 and $1,200.00 levels.
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