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  1. GOLD: End Of Week Technicals - Ranging Bullish After Breakout

    by , 01-29-2016 at 10:18 AM
    H4 price was on the primary bullish market condition with the secondary breakout: intra-day price broke resistance levels and it was stopped by 1128.05 key resistance on the way to the bullish breakout to be continuing. The price is started to be ranging within 1128.05 resistance and 1108.31 in the primary bullish area of the chart. Chinkou Span line of Ichimoku indicator is located to be above the price for the ranging bullish condition by direction, and Absolute Strength indicator is estimating ...
  2. EUR/USD monthly ranging bearish; GBP/USD weekly bearish breakdown; USD/JPY weekly correction

    by , 01-17-2016 at 04:38 PM
    EUR/USD
    Monthly


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    "EUR/USD has been holding its long term trendline support since March 2015 (even the January low is right on the line). November and December trade produced a tweezer bottom (reversal candlestick pattern…bullish in this case) as well. 2 scenarios seem most likely from the current juncture; a continued range (with roughly 1.15 resistance) or a bullish base that leads to an eventual breakout into the 1.20s. Both ...
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  3. Gold Prices: weekly bearish ranging below 50.0% Fibo resistance level

    by , 01-13-2016 at 04:33 PM
    Weekly price is located below 200 period SMA and 100 period SMA for the primary bearish market condition:

    • The price is on bearish ranging within 50.0% Fibo resistance level at 1119.33 and Fibo support level at 1046.23.
    • Descending triangle pattern was formed by the price to be crossed for the bearish trend to be continuing.
    • "After bursting up to a new higher-high of $1,113.03 after NFP last Friday, prices have been pulling back. That pullback may have just found support
    ...
  4. Dax Index Pivot Points Analysis - Bearish Reversal Breakdown with 9,190 as the target

    by , 01-13-2016 at 07:35 AM
    W1 price is located to be below yearly Central Pivot at 10,807 for the crossing 9,807 support level together with descending triangle pattern with the bearish breakdown for the S1 Pivot at 9,190 as the next bearish target:

    • "The DAX is rangebound over the last three days with Friday’s high of 10,123 (NFP high) capping price, while this week’s low of 9,659 is supporting price. As the trend is bearish since December, the primary bias for the German DAX is to trade downwards.
    ...
  5. USD/JPY Technical Analysis: Bearish Reversal

    by , 01-12-2016 at 11:49 PM
    • "When the Yen strengthens as it has at the beginning of 2016, there is often stress in the global economy. So far, the JPY has strengthened by ~2.5% to start the year vs. the US Dollar while most currencies, most notably the commodity currencies have weakened aggressively. USD-JPY is in a precarious position much like the global economy is in a precarious position. Many expect a rally in risk, even if it is just a short-lived rally because we have been trained like Pavlov’s dog to expect
    ...
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